XML 11 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Long-Term Debt
9 Months Ended
Sep. 30, 2013
Long-Term Debt  
Long-Term Debt

 

 

H.        Long-Term Debt

 

 

 

September 30,
2013

 

December 31,

2012

 

 

 

(Thousands)

 

7.76% notes, due 2013 thru 2016

 

  $

18,679

 

  $

32,973

 

5.00% notes, due October 1, 2015

 

150,000

 

150,000

 

5.15% notes, due March 1, 2018

 

200,000

 

200,000

 

6.50% notes, due April 1, 2018

 

500,000

 

500,000

 

8.13% notes, due June 1, 2019

 

700,000

 

700,000

 

4.88% notes, due November 15, 2021

 

750,000

 

750,000

 

7.75% debentures, due July 15, 2026

 

115,000

 

115,000

 

Medium-term notes:

 

 

 

 

 

7.3% to 7.6% Series B, due 2013 thru 2023

 

20,000

 

30,000

 

8.7% to 9.0% Series A, due 2014 thru 2021

 

40,200

 

40,200

 

7.6% Series C, due 2018

 

8,000

 

8,000

 

 

 

2,501,879

 

2,526,173

 

Less debt payable within one year

 

6,162

 

23,204

 

Total long-term debt

 

  $

2,495,717

 

  $

2,502,969

 

 

The indentures and other agreements governing the Company’s indebtedness contain certain restrictive financial and operating covenants, including covenants that restrict the Company’s ability to incur indebtedness, incur liens, enter into sale and leaseback transactions, complete acquisitions, merge, sell assets and perform certain other corporate actions.  The covenants do not contain a rating trigger.  Therefore, a change in the Company’s debt rating would not trigger a default under the indentures and other agreements governing the Company’s indebtedness.

 

Aggregate maturities of long-term debt are zero for the remainder of 2013, $11.2 million in 2014, $166.0 million in 2015, $3.0 million in 2016 and zero in 2017.