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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Financing Arrangements And Long-Term Debt [Abstract]  
Schedule of Long-term Debt

 

 

 

 

 

 

 

 

 

 

 

December 31,

(Thousands of dollars)

2015 

 

 2014*

Notes payable

 

 

 

 

     2.50% notes, due December 2017

$

550,000 

 

550,000 

     4.00% notes, due June 2022

 

500,000 

 

500,000 

     3.70% notes, due December 2022

 

600,000 

 

600,000 

     7.05% notes, due May 2029

 

250,000 

 

250,000 

     5.125% notes, due December 2042

 

350,000 

 

350,000 

     Notes payable to banks, 1.4375% at December 31, 2015

 

600,000 

 

450,000 

         Total notes payable

 

2,850,000 

 

2,700,000 

     Unamortized discount on notes payable

 

(19,223)

 

(23,522)

         Total notes payable, net of unamortized discount

 

2,830,777 

 

2,676,478 

Capitalized lease obligation, due through June 2029

 

228,698 

 

306,579 

         Total debt including current maturities

 

3,059,475 

 

2,983,057 

Current maturities

 

(18,881)

 

(465,388)

         Total long-term debt

$

3,040,594 

 

2,517,669