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Credit Agreement and Senior Notes (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Summary of Senior Notes

At December 31, 2013, our senior notes were comprised of the following debt issues:

 

     Principal Amount           Interest Rate    Semiannual
Interest Payment
Dates

Debt Issue

   (In millions)      Maturity Date    Coupon    Effective   

5.15% Senior Notes due 2014

   $ 250.0       September 1, 2014    5.15%    5.18%    March 1 and September 1

4.875% Senior Notes due 2015

   $ 250.0       July 1, 2015    4.875%    4.90%    January 1 and July 1

5.875% Senior Notes due 2019

   $ 500.0       May 1, 2019    5.875%    5.89%    May 1 and November 1

3.45% Senior Notes due 2023

   $ 250.0       November 1, 2023    3.45%    3.50%    May 1 and November 1

5.70% Senior Notes due 2039

   $ 500.0       October 15, 2039    5.70%    5.75%    April 15 and October 15

4.875% Senior Notes due 2043

   $ 750.0       November 1, 2043    4.875%    4.89%    May 1 and November 1
Summary of Carrying Value of Senior Notes

At December 31, 2013 and 2012, the carrying value of our senior notes was as follows:

 

     December 31,  
     2013      2012  
     (In thousands)  

5.15% Senior Notes due 2014

   $ 249,954       $ 249,882   

4.875% Senior Notes due 2015

     249,898         249,837   

5.875% Senior Notes due 2019

     499,551         499,480   

3.45% Senior Notes due 2023

     248,988         —     

5.70% Senior Notes due 2039

     496,919         496,867   

4.875% Senior Notes due 2043

     748,833         —     
  

 

 

    

 

 

 

Total senior notes, net of unamortized discount

   $ 2,494,143       $ 1,496,066   

Less: Current portion of long-term debt

     249,954         —     
  

 

 

    

 

 

 

Total Long-term debt

   $ 2,244,189       $ 1,496,066   
  

 

 

    

 

 

 
Aggregate Maturities of Senior Notes

As of December 31, 2013, the aggregate annual maturity of our senior notes was as follows:

 

     Aggregate
Principal
Amount
 
Years Ending December 31,    (In thousands)  

2014

   $ 250,000   

2015

     250,000   

2016

     —     

2017

     —     

2018

     —     

Thereafter

     2,000,000   
  

 

 

 

Total maturities of senior notes

     2,500,000   

Less: unamortized discounts

     (5,857
  

 

 

 

Total maturities of senior notes, net of unamortized discount

   $ 2,494,143