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Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt  
Schedule of Debt [Table Text Block]

 

 

 

September 30, 2014

 

December 31, 2013

 

 

 

Carrying
Amount

 

Approximate
Fair Value

 

Carrying
Amount

 

Approximate
Fair Value

 

4.75% Senior Notes due November 2014 (1)

 

$

599,981

 

$

602,880

 

$

599,813

 

$

621,000

 

1.55% Senior Notes due September 2017 (1)

 

374,625

 

374,475

 

—

 

—

 

2.55% Senior Notes due January 2019 (1) 

 

749,001

 

754,800

 

—

 

—

 

3.125% Senior Notes due September 2021 (1)

 

374,673

 

373,763

 

—

 

—

 

4.00% Senior Notes due February 2022 (1)

 

499,067

 

525,250

 

498,973

 

491,000

 

Revolving Credit Facility

 

21,800

 

21,800

 

927,300

 

927,300

 

Credit Agreement

 

—

 

—

 

100,000

 

100,000

 

Notes payable to foreign banks and other debt

 

4,834

 

4,834

 

6,788

 

6,788

 

Total debt

 

2,623,981

 

2,657,802

 

2,132,874

 

2,146,088

 

Less short-term debt

 

(600,803

)

(603,702

)

(701,437

)

(722,624

)

Long-term debt

 

$

2,023,178

 

$

2,054,100

 

$

1,431,437

 

$

1,423,464

 

 

 

(1)

The Senior Notes are unsecured and rank equally in the right of payment with the Company’s other unsecured indebtedness.