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Debt and Other Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt and Other Financing Arrangements

 

 

 

(in thousands)

 

December 31,

 

2019

 

 

2018

 

Industrial revenue bonds due from 2020 to 2040*

 

$

1,010,600

 

 

$

1,010,600

 

Notes, 4.125%, due 2022

 

 

600,000

 

 

 

600,000

 

Notes, 4.0%, due 2023

 

 

500,000

 

 

 

500,000

 

Notes, 3.95%, due 2028

 

 

500,000

 

 

 

500,000

 

Notes, 6.40%, due 2037

 

 

650,000

 

 

 

650,000

 

Notes, 5.20%, due 2043

 

 

500,000

 

 

 

500,000

 

Notes, 4.40%, due 2048

 

 

500,000

 

 

 

500,000

 

Finance lease obligations

 

 

85,224

 

 

 

 

Total long-term debt and finance lease obligations

 

 

4,345,824

 

 

 

4,260,600

 

Less debt issuance costs

 

 

25,259

 

 

 

27,324

 

Total amounts outstanding

 

 

4,320,565

 

 

 

4,233,276

 

Less current maturities of long-term debt

 

 

20,000

 

 

 

 

Less current portion of finance lease obligations

 

 

9,264

 

 

 

 

Total long-term debt and finance lease obligations due after one year

 

$

4,291,301

 

 

$

4,233,276

 

 

*

The industrial revenue bonds had variable rates ranging from 1.61% to 1.82% at December 31, 2019 and 1.88% to 2.03% at December 31, 2018.