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Debt and Other Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Debt and Other Financing Arrangements

 

 

(in thousands)

 

December 31,

 

2020

 

 

2019

 

Industrial revenue bonds due from 2022 to 2040*

 

$

1,153,240

 

 

$

1,010,600

 

Notes, 4.125%, due 2022

 

 

600,000

 

 

 

600,000

 

Notes, 4.000%, due 2023

 

 

500,000

 

 

 

500,000

 

Notes, 2.000%, due 2025

 

 

500,000

 

 

 

 

Notes, 3.950%, due 2028

 

 

500,000

 

 

 

500,000

 

Notes, 2.700%, due 2030

 

 

500,000

 

 

 

 

Notes, 6.400%, due 2037

 

 

543,331

 

 

 

650,000

 

Notes, 5.200%, due 2043

 

 

338,133

 

 

 

500,000

 

Notes, 4.400%, due 2048

 

 

329,219

 

 

 

500,000

 

Notes, 2.979%, due 2055

 

 

439,317

 

 

 

 

Finance lease obligations

 

 

90,338

 

 

 

85,224

 

Total long-term debt and finance lease obligations

 

 

5,493,578

 

 

 

4,345,824

 

Less premium on debt exchange

 

 

180,045

 

 

 

 

Less debt issuance costs

 

 

30,859

 

 

 

25,259

 

Total amounts outstanding

 

 

5,282,674

 

 

 

4,320,565

 

Less current maturities of long-term debt

 

 

 

 

 

20,000

 

Less current portion of finance lease obligations

 

 

10,885

 

 

 

9,264

 

Total long-term debt and finance lease obligations due after

   one year

 

$

5,271,789

 

 

$

4,291,301

 

 

*

The industrial revenue bonds had variable rates ranging from 0.16% to 0.19% at December 31, 2020 and 1.61% to 1.82% at December 31, 2019.