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Credit Facility
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Credit Facility

Note E – Credit Facility

The Company entered into a multi-currency Syndicated Facility Agreement (the “Syndicated Facility”) on September 11, 2012, which included an $850.0 million unsecured revolving line of credit with an option to increase the borrowing capacity by an additional $350.0 million and was scheduled to mature in September 2017. On June 19, 2015, the Company amended the Syndicated Facility. The amendment increased the borrowing capacity to $1.2 billion, while retaining the Company’s option for a $350.0 million increase, and extended the maturity date to June 2020 with two optional one year extensions. There were no changes to the interest rate or financial covenants. At June 30, 2015, approximately $350.0 million was outstanding under the Syndicated Facility and the Company was in compliance with all covenants thereunder.