Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Debt

	Weighted-Average Interest Rate
	December 31,					December 31,
	2014		2013		Maturities	2014			2013
						(In thousands)
Short-term debt and current portion of long-term debt:
Short-term debt	1.30	%	1.70	%	2015	$	3,773		1,315
Current portion of long-term debt, including capital leases						8,434			258,123
Total short-term debt and current portion of long-term debt						12,207			259,438
Long-term debt:
U.S. commercial paper(1)	0.35	%	0.28	%	2018	276,694			486,939
Canadian commercial paper(1)	—	%	1.13	%	2018	—			11,297
Global revolving credit facility	1.60	%	—	%	2018	11,190			—
Unsecured U.S. notes – Medium-term notes(1)	3.29	%	3.76	%	2015-2025	3,772,159			3,271,734
Unsecured U.S. obligations, principally bank term loans	0.76	%	1.45	%	2015-2018	110,500			55,500
Unsecured foreign obligations	2.01	%	1.99	%	2015-2016	295,776			315,558
Capital lease obligations	3.65	%	3.81	%	2015-2019	37,560			38,911
Total before fair market value adjustment						4,503,879			4,179,939
Fair market value adjustment on notes subject to hedging(2)						4,830			8,171
						4,508,709			4,188,110
Current portion of long-term debt, including capital leases						(8,434		)	(258,123	)
Long-term debt						4,500,275			3,929,987
Total debt						$	4,512,482		4,189,425

_________________ 

(1) We had unamortized original issue discounts of $8 million and $8 million at December 31, 2014 and 2013, respectively.

(2) The notional amount of the executed interest rate swaps designated as fair value hedges was $600 million and $400 million at December 31, 2014 and 2013, respectively. Refer to Note 17, "Derivatives", for additional information.

Maturities of debt

Maturities of total debt are as follows:

	Capital Leases			Debt
	(In thousands)
2015	$	9,374		4,272
2016	8,362			860,339
2017	9,325			699,484
2018	6,906			1,741,992
2019	5,983			998,647
Thereafter	—			165,357
Total	39,950			4,470,091
Imputed interest	(2,390		)
Present value of minimum capitalized lease payments	37,560
Current portion	(8,434		)
Long-term capitalized lease obligation	$	29,126