LONG-TERM DEBT (Notes)

6 Months Ended

Jun. 30, 2016

Long-term Debt, Unclassified [Abstract]

Long-term Debt [Text Block]

4. LONG-TERM DEBT

We have senior notes, consisting of $300 million of 2.07 percent senior notes due in 2019, $300 million of 3.61 percent senior notes due in 2024 and $600 million of 4.658 percent senior notes due in 2044 (collectively, our “Senior Notes”). The indenture governing our Senior Notes includes an event of default upon the acceleration of other indebtedness of $100 million or more. Such events of default would entitle the trustee or the holders of 25 percent in aggregate principal amount of the outstanding Senior Notes to declare those Senior Notes immediately due and payable in full.