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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.