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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on recurring basis
Assets and liabilities measured at fair value on a recurring basis at December 31 are presented below (in thousands):

 
 
 
Estimated fair value measurements
 
Carrying value
 
Quoted prices in active markets (Level 1)
 
Significant other observable inputs (Level 2)
 
Significant unobservable inputs (Level 3)
December 31, 2014:
 
 
 
 
 
 
 
Assets - cash equivalents
$
314,570

 
$
314,570

 
$

 
$

Other assets
16,304

 
16,304

 

 

 
 
 
 
 
 
 
 
December 31, 2013:
 
 
 
 
 
 
 
Assets - cash equivalents
$
1,063,500

 
$
1,063,500

 
$

 
$

Fair value of financial instruments
Estimated fair values and related carrying values of our long-term debt securities at December 31 are presented below (in thousands):

 
2014
 
2013
 
Fair value
 
Carrying value
 
Fair value
 
Carrying value
5% Senior Notes, due 2017
$
414,552

 
$
399,244

 
$
433,879

 
$
398,961

7.875% Senior Notes, due 2019
570,626

 
498,500

 
603,177

 
498,171

4.875% Senior Notes, due 2022
680,165

 
711,640

 
711,816

 
713,208

4.75% Senior Notes, due 2024
377,703

 
399,631

 

 

5.4% Senior Notes, due 2042
345,835

 
398,417

 
368,602

 
398,360

5.85% Senior Notes, due 2044
366,132

 
399,892

 

 

 
$
2,755,013

 
$
2,807,324

 
$
2,117,474

 
$
2,008,700