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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Jun. 30, 2016
Assets      
Cash and cash equivalents $ 1,129,799 $ 258,986 $ 91,902
Restricted cash 0 9,033 0
Accounts and notes receivable      
Accounts and notes receivable, gross 573,029 494,634 537,127
Less: Allowance for doubtful accounts (2,943) (2,813) (4,332)
Accounts and notes receivable, net 570,086 491,821 532,795
Inventories      
Finished products 318,465 293,619 295,405
Raw materials 27,106 22,648 25,366
Products in process 1,210 1,480 2,223
Operating supplies and other 28,148 27,869 24,872
Inventories 374,929 345,616 347,866
Prepaid expenses 109,998 31,726 50,844
Total current assets 2,184,812 1,137,182 1,023,407
Investments and long-term receivables 38,888 39,226 38,924
Property, plant & equipment      
Property, plant & equipment, cost 7,531,536 7,185,818 7,052,051
Allowance for depreciation, depletion & amortization (3,992,728) (3,924,380) (3,834,680)
Property, plant & equipment, net 3,538,808 3,261,438 3,217,371
Goodwill 3,101,439 3,094,824 3,094,824
Other intangible assets, net 834,971 769,052 754,341
Other noncurrent assets 171,025 169,753 161,246
Total assets 9,869,943 8,471,475 8,290,113
Liabilities      
Current maturities of long-term debt [1] 525,776 138 131
Trade payables and accruals 202,753 145,042 176,476
Other current liabilities 197,264 227,064 156,071
Total current liabilities 925,793 372,244 332,678
Long-term debt 2,809,293 1,982,751 1,982,527
Deferred income taxes, net 706,726 702,854 683,999
Deferred revenue 195,020 198,388 203,800
Other noncurrent liabilities 631,007 642,762 607,778
Total liabilities 5,267,839 3,898,999 3,810,782
Other commitments and contingencies (Note 8)
Equity      
Common stock, $1 par value - Authorized 480,000 shares, Outstanding 132,181, 132,339 and 133,027 shares, respectively 132,181 132,339 133,027
Preferred stock, no par value, Authorized 5,000 shares, Outstanding none 0 0 0
Capital in excess of par value 2,797,269 2,807,995 2,804,279
Retained earnings 1,810,528 1,771,518 1,661,459
Accumulated other comprehensive loss (137,874) (139,376) (119,434)
Total equity 4,602,104 4,572,476 4,479,331
Total liabilities and equity $ 9,869,943 $ 8,471,475 $ 8,290,113
[1] Current maturities as of June 30, 2017 includes $522.5 million of notes due in 2018 which were early retired in July 2017 as discussed below within the Term Debt caption.