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Financial Instruments and Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis

 

 

 

March 31, 2019

 

 

 

Fair Value Measurements Using

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Assets at

Fair Value

 

Recurring fair value measurements:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

$

359,027

 

 

$

 

 

$

 

 

$

359,027

 

 

 

 

 

December 31, 2018

 

 

 

Fair Value Measurements Using

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Assets at

Fair Value

 

Recurring fair value measurements:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

$

435,671

 

 

$

 

 

$

 

 

$

435,671

 

Fair Values and Related Carrying Values of Our Debt Instruments

Fair values and related carrying values of our senior notes are shown below (in millions).

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

3.45% Senior Notes due 2023

 

$

214.4

 

 

$

249.5

 

 

$

185.0

 

 

$

249.5

 

7.875% Senior Notes due 2025

 

 

482.5

 

 

 

497.0

 

 

 

415.0

 

 

 

496.8

 

5.70% Senior Notes due 2039

 

 

336.2

 

 

 

497.2

 

 

 

305.0

 

 

 

497.2

 

4.875% Senior Notes due 2043

 

 

474.4

 

 

 

748.9

 

 

 

416.3

 

 

 

748.9