Debt |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Effective | | June 30 | | December 31 | | | June 30 | | in thousands | Interest Rates | | 2020 | | 2019 | | | 2019 | | Short-term Debt | | | | | | | | | | | Delayed draw term loan expires 2021 | | | $ 0 | | | $ 0 | | | $ 0 | | Bank line of credit expires 2021 1 | | | 0 | | | 0 | | | 137,000 | | Total short-term debt | | | $ 0 | | | $ 0 | | | $ 137,000 | | Long-term Debt | | | | | | | | | | | Bank line of credit expires 2021 1 | | | $ 0 | | | $ 0 | | | $ 0 | | Floating-rate notes due 2020 | | | 0 | | | 250,000 | | | 250,000 | | Floating-rate notes due 2021 | 1.21% | | 500,000 | | | 500,000 | | | 500,000 | | 8.85% notes due 2021 | 8.88% | | 6,000 | | | 6,000 | | | 6,000 | | 4.50% notes due 2025 | 4.65% | | 400,000 | | | 400,000 | | | 400,000 | | 3.90% notes due 2027 | 4.00% | | 400,000 | | | 400,000 | | | 400,000 | | 3.50% notes due 2030 | 3.91% | | 750,000 | | | 0 | | | 0 | | 7.15% notes due 2037 | 8.05% | | 129,239 | | | 129,239 | | | 129,239 | | 4.50% notes due 2047 | 4.59% | | 700,000 | | | 700,000 | | | 700,000 | | 4.70% notes due 2048 | 5.42% | | 460,949 | | | 460,949 | | | 460,949 | | Other notes | 1.10% | | 9,153 | | | 185 | | | 197 | | Total long-term debt - face value | | | $ 3,355,341 | | | $ 2,846,373 | | | $ 2,846,385 | | Unamortized discounts and debt issuance costs | | | (69,669) | | | (62,033) | | | (64,535) | | Total long-term debt - book value | | | $ 3,285,672 | | | $ 2,784,340 | | | $ 2,781,850 | | Less current maturities | | | 500,026 | | | 25 | | | 24 | | Total long-term debt - reported value | | | $ 2,785,646 | | | $ 2,784,315 | | | $ 2,781,826 | | Estimated fair value of long-term debt | | | $ 3,225,468 | | | $ 3,073,693 | | | $ 2,898,283 | |
| | 1 | Borrowings on the bank line of credit are classified as short-term if we intend to repay within twelve months and as long-term if we have the intent and ability to extend payment beyond twelve months. |
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