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Debt (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt



	Weighted-Average Interest Rate
	March 31, 2014		December 31, 2013		Maturities		March 31, 2014				December 31, 2013
							(In thousands)
Short-term debt and current portion of long-term debt:
Short-term debt	1.02%		1.70%		2014		$	1,590			1,315
Current portion of long-term debt, including capital leases							399,256				258,123
Total short-term debt and current portion of long-term debt							400,846				259,438
Long-term debt:
U.S. commercial paper ⁽¹⁾	0.26%		0.28%		2018		640,940				486,939
Canadian commercial paper ⁽¹⁾	—%		1.13%		2018		—				11,297
Global revolving credit facility	3.00%		—%		2018		16,290				—
Unsecured U.S. notes — Medium-term notes⁽¹⁾	3.44%		3.76%		2015-2025		3,371,707				3,271,734
Unsecured U.S. obligations, principally bank term loans	1.45%		1.45%		2015-2018		55,500				55,500
Unsecured foreign obligations	1.99%		1.99%		2015-2016		315,681				315,558
Capital lease obligations	3.78%		3.81%		2014-2019		38,701				38,911
Total before fair market value adjustment							4,438,819				4,179,939
Fair market value adjustment on notes subject to hedging ⁽²⁾							6,188				8,171
							4,445,007				4,188,110
Current portion of long-term debt, including capital leases							(399,256		)		(258,123	)
Long-term debt							4,045,751				3,929,987
Total debt							$	4,446,597			4,189,425

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(1)	We had unamortized original issue discounts of $8.4 million and $8.3 million at March 31, 2014 and December 31, 2013, respectively.


(2)	The notional amount of executed interest rate swaps designated as fair value hedges was $500 million and $400 million at March 31, 2014 and December 31, 2013, respectively.