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DEBT (Tables)
9 Months Ended
Sep. 30, 2012
Summary of Debt

 

in thousands

   September 30
2012
     December 31
2011
    

September 30 

2011 

 

Short-term Borrowings

        

Bank line of credit

                       $0   

Total short-term borrowings

                       $0   

Long-term Debt

        

Bank line of credit

     $0         $0      

5.60% notes due 2012 1

     134,548         134,508         $134,496   

6.30% notes due 2013 2

     140,398         140,352         140,337   

10.125% notes due 2015 3

     152,911         153,464         153,640   

6.50% notes due 2016 4

     515,887         518,293         519,072   

6.40% notes due 2017 5

     349,883         349,869         349,865   

7.00% notes due 2018 6

     399,721         399,693         399,684   

10.375% notes due 2018 7

     248,637         248,526         248,491   

7.50% notes due 2021 8

     600,000         600,000         600,000   

7.15% notes due 2037 9

     239,551         239,545         239,544   

Medium-term notes

     16,000         16,000         21,000   

Industrial revenue bonds

     14,000         14,000         14,000   

Other notes

     1,067         1,189         1,309   

Total long-term debt including current maturities

         $2,812,603             $2,815,439             $2,821,438   

Less current maturities of long-term debt

     285,153         134,762         5,215   

Total long-term debt

     $2,527,450         $2,680,677         $2,816,223   

Estimated fair value of long-term debt

     $2,796,358         $2,796,504         $2,649,207   

 

  1

Includes decreases for unamortized discounts, as follows: September 30, 2012 — $9 thousand, December 31, 2011 — $49 thousand and September 30, 2011 — $61 thousand. The effective interest rate for these notes is 6.57%.

 

  2 

Includes decreases for unamortized discounts, as follows: September 30, 2012 — $46 thousand, December 31, 2011 — $92 thousand and September 30, 2011 — $107 thousand. The effective interest rate for these notes is 7.48%.

 

  3

Includes an increase for the unamortized portion of the deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: September 30, 2012 — $3,195 thousand, December 31, 2011 — $3,802 thousand and September 30, 2011 — $3,995 thousand. Additionally, includes decreases for unamortized discounts, as follows: September 30, 2012 — $284 thousand, December 31, 2011 — $338 thousand and September 30, 2011 — $355 thousand. The effective interest rate for these notes is 9.59%.

 

  4 

Includes an increase for the unamortized portion of the deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: September 30, 2012 — $15,887 thousand, December 31, 2011 — $18,293 thousand and September 30, 2011 — $19,072 thousand. The effective interest rate for these notes is 6.02%.

 

  5

Includes decreases for unamortized discounts, as follows: September 30, 2012 — $117 thousand, December 31, 2011 — $131 thousand and September 30, 2011 — $135 thousand. The effective interest rate for these notes is 7.41%.

 

  6

Includes decreases for unamortized discounts, as follows: September 30, 2012 — $279 thousand, December 31, 2011 — $307 thousand and September 30, 2011 — $316 thousand. The effective interest rate for these notes is 7.87%.

 

  7

Includes decreases for unamortized discounts, as follows: September 30, 2012 — $1,363 thousand, December 31, 2011 — $1,474 thousand and September 30, 2011 — $1,509 thousand. The effective interest rate for these notes is 10.62%.

 

  8

The effective interest rate for these notes is 7.75%.

 

  9 

Includes decreases for unamortized discounts, as follows: September 30, 2012 — $637 thousand, December 31, 2011 — $643 thousand and September 30, 2011 — $644 thousand. The effective interest rate for these notes is 8.05%.