Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Financial assets and liabilities measured at fair value on a recurring basis

The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:



(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at September 30, 2015
Assets
Deferred compensation plan	$	12,586	$	—	$	—	$	12,586
Derivative instruments	—		16,152		32,293		48,445
Total assets	$	12,586	$	16,152	$	32,293	$	61,031
Liabilities
Deferred compensation plan	$	24,263	$	—	$	—	$	24,263
Total liabilities	$	24,263	$	—	$	—	$	24,263



(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at December 31, 2014
Assets
Deferred compensation plan	$	13,115	$	—	$	—	$	13,115
Derivative instruments	—		51,645		85,958		137,603
Total assets	$	13,115	$	51,645	$	85,958	$	150,718
Liabilities
Deferred compensation plan	$	28,932	$	—	$	—	$	28,932
Total liabilities	$	28,932	$	—	$	—	$	28,932

Reconciliation of changes in the fair value of financial assets and liabilities classified as level 3

The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy:



	Nine Months Ended September 30,
(In thousands)	2015			2014
Balance at beginning of period	$	85,958		$	(3,910	)
Total gains (losses) (realized or unrealized):
Realized and unrealized gains (losses) included in earnings	23,867			(33,804		)
Included in other comprehensive income	—			(21,068		)
Settlements	(77,532		)	74,271
Transfers in and/or out of Level 3	—			—
Balance at end of period	$	32,293		$	15,489

Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period	$	(53,665	)	$	40,467

Carrying amounts and fair values of debt

The carrying amount and fair value of debt is as follows:



	September 30, 2015						December 31, 2014
(In thousands)	Carrying Amount			Estimated Fair Value			Carrying Amount		Estimated Fair Value
Debt	$	2,037,000		$	2,007,444		$	1,752,000	$	1,850,867
Current maturities	(20,000		)	(20,775		)	—		—
Long-term debt, excluding current maturities	$	2,017,000		$	1,986,669		$	1,752,000	$	1,850,867