Debt (Tables)

6 Months Ended

Jun. 30, 2016

Long Term Debt Outstanding

The following table sets forth our outstanding debt:

	June 30, 2016		December 31, 2015
	(In thousands)
7.456% senior notes due 2018	$	500,000	$	500,000
5.95% senior notes due 2020		746,618		746,216
2.5% (€650 million) senior notes due 2022		716,027		703,254
4.5% senior notes due 2024		494,133		493,797
5.0% senior notes due 2026		740,069		739,873
Long-term debt(1)	$	3,196,847	$	3,183,140

(1) Net of applicable discounts and debt issuance costs.

Fair Value, Inputs, Level 2

Long Term Debt Outstanding

The following table sets forth the approximate fair value of our outstanding debt, which is based on quoted market prices in less active markets (Level 2 inputs):

	June 30, 2016		December 31, 2015
	(In thousands)
7.456% senior notes due 2018	$	556,000	$	555,000
5.95% senior notes due 2020		841,000		827,000
2.5% (€650 million) senior notes due 2022 (1)		746,000		705,000
4.5% senior notes due 2024		528,000		487,000
5.0% senior notes due 2026		778,000		750,000

(1) Approximately 673 million Euro as of June 30, 2016 and 644 million Euro as of December 31, 2015.