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Debt and Other Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt and Other Financing Arrangements

 

 

(in thousands)

 

December 31,

 

2021

 

 

2020

 

Industrial revenue bonds due from 2022 to 2061*

 

$

1,350,230

 

 

$

1,153,240

 

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

 

 

 

500,000

 

Notes, 3.950%, due 2028

 

 

500,000

 

 

 

500,000

 

Notes, 2.700%, due 2030

 

 

500,000

 

 

 

500,000

 

Notes, 6.400%, due 2037

 

 

543,331

 

 

 

543,331

 

Notes, 5.200%, due 2043

 

 

338,133

 

 

 

338,133

 

Notes, 4.400%, due 2048

 

 

329,219

 

 

 

329,219

 

Notes, 2.979%, due 2055

 

 

439,312

 

 

 

439,312

 

Finance lease obligations

 

 

179,053

 

 

 

90,338

 

Total long-term debt and finance lease obligations

 

 

5,779,278

 

 

 

5,493,573

 

Less premium on debt exchange

 

 

174,891

 

 

 

180,045

 

Less debt issuance costs

 

 

27,299

 

 

 

30,854

 

Total amounts outstanding

 

 

5,577,088

 

 

 

5,282,674

 

Less current maturities of long-term debt

 

 

601,000

 

 

 

 

Less current portion of finance lease obligations

 

 

14,678

 

 

 

10,885

 

Total long-term debt and finance lease obligations due after

   one year

 

$

4,961,410

 

 

$

5,271,789

 

 

*

The industrial revenue bonds had variable rates ranging from 0.14% to 0.18% at December 31, 2021 and 0.16% to 0.19% at December 31, 2020.