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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following table presents the carrying amount, estimated fair values and categorization under the fair value hierarchy of financial instruments held by the Company at September 30, 2014 and December 31, 2013, using market information and what management believes to be appropriate valuation methodologies under generally accepted accounting principles:
 
September 30, 2014
 
December 31, 2013
Asset (liability)
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
 
 
 
Level 1
 
Level 2
 
 
 
Level 1
 
Level 2
Cash and cash equivalents
$
182,831

 
$
182,831

 
$
—

 
$
199,644

 
$
199,644

 
$
—

Restricted cash (a)
21,626

 
21,626

 
—

 
68,944

 
68,944

 
—

Current maturities of long-term debt
(130,486
)
 
—

 
(173,531
)
 
(112,500
)
 
—

 
(119,614
)
Long-term debt
(605,162
)
 
—

 
(607,139
)
 
(1,461,724
)
 
—

 
(1,489,810
)
Interest rate swaps (b)
(5,519
)
 
—

 
(5,519
)
 
(4,659
)
 
—

 
(4,659
)
Foreign currency exchange contracts (b)
(877
)
 
—

 
(877
)
 
940

 
—

 
940

Foreign currency option contracts (b)
(1,496
)
 
—

 
(1,496
)
 
467

 
—

 
467

Fuel contracts (b)
(3
)
 
—

 
(3
)
 
160

 
—

 
160


(a)
Restricted cash of $22 million and $69 million, as of September 30, 2014 and December 31, 2013, respectively, is recorded in “Other Assets” and represents the proceeds from LKE sales deposited with a third-party intermediary.
(b)
See Note 10 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.