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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of long-tem debt
Long-term debt consists of the following at December 31, 2013 and 2012:

 
December 31, 2013
 
December 31, 2012
 
Outstanding
 
Weighted
Average
Rate
 
Outstanding
 
Weighted
Average
Rate
 
 
 
 
 
 
 
 
Senior notes, due November 1, 2020 (1)
$
300

 
3.4
%
 
$
300

 
3.4
%
Total long-term debt
$
300

 
3.4
%
 
$
300

 
3.4
%
(1)
The Company has $300 of 3.375% Senior Notes due November 1, 2020. Interest on the notes is payable May 1 and November 1 of each year. The notes may be redeemed, in whole or in part at the Company's option, (i) at any time at specific redemption prices plus accrued interest or (ii) three months prior to the maturity date at a redemption price equal to 100% percent of the principal amount plus accrued interest.