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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2010
Current assets:      
Cash and cash equivalents $ 107,768 $ 222,074 $ 65,792
Receivables, net 566,366 583,743 502,454
Inventories 277,327 252,897 260,163
Deferred income taxes 33,732 32,890 17,755
Commodity derivative instruments 14,234 15,123 24,932
Prepayments and other current assets 71,604 60,441 98,203
Total current assets 1,071,031 1,167,168 969,299
Investments 116,368 103,661 142,212
Property, plant and equipment 7,394,616 7,218,503 7,085,632
Less accumulated depreciation, depletion and amortization 3,236,417 3,103,323 3,000,663
Net property, plant and equipment 4,158,199 4,115,180 4,084,969
Deferred charges and other assets:      
Goodwill 634,931 634,633 634,654
Other intangible assets, net 23,337 25,271 26,199
Other 253,515 257,636 255,473
Total deferred charges and other assets 911,783 917,540 916,326
Total assets 6,257,381 6,303,549 6,112,806
Current liabilities:      
Short-term borrowings 0 20,000 3,700
Long-term debt due within one year 62,571 72,797 72,551
Accounts payable 304,049 301,132 266,069
Taxes payable 45,065 56,186 39,976
Dividends payable 30,850 30,773 29,802
Accrued compensation 37,978 40,121 35,989
Commodity derivative instruments 18,686 24,428 20,160
Other accrued liabilities 224,220 222,639 172,446
Total current liabilities 723,419 768,076 640,693
Long-term debt 1,369,534 1,433,955 1,508,714
Deferred credits and other liabilities:      
Deferred income taxes 727,562 672,269 627,256
Other liabilities 711,516 736,447 708,403
Total deferred credits and other liabilities 1,439,078 1,408,716 1,335,659
Stockholders' equity :      
Preferred stocks 15,000 15,000 15,000
Common stockholders' equity:      
Shares issued -- $1.00 par value, 189,332,485 at June 30, 2011, 188,672,532 at June 30, 2010 and 188,901,379 at December 31, 2010 189,332 188,901 188,673
Other paid-in capital 1,033,366 1,026,349 1,020,206
Retained earnings 1,523,546 1,497,439 1,407,950
Accumulated other comprehensive loss (32,268) (31,261) (463)
Treasury stock at cost - 538,921 shares (3,626) (3,626) (3,626)
Total common stockholders' equity 2,710,350 2,677,802 2,612,740
Total stockholders' equity 2,725,350 2,692,802 2,627,740
Total liabilities and stockholders' equity $ 6,257,381 $ 6,303,549 $ 6,112,806