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NOTES PAYABLE AND DEBT AND FINANCING ARRANGEMENTS (Detail) - The financing structure as at the balance sheet date (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Debt:    
Adjustment to carrying value – impact of fair value hedge $ 10,709 [1] $ 17,675 [1]
Adjustment to carrying value – impact of fair value hedge 0 0
Carrying Value 3,275,000 3,450,000
Carrying Value 2,275,327 [1] 2,457,003 [1]
FiveYear Revolvers Expiring 2012 [Member]
   
Debt:    
Total Commitment / Debt 0 [2] 1,000,000 [2]
Total In Use / Outstanding 0 [1],[2] 0 [1],[2]
Four Year Revolvers Expiring 2015 [Member]
   
Debt:    
Total Commitment / Debt 1,000,000 [3] 0 [3]
Total In Use / Outstanding 0 [1],[3] 0 [1],[3]
Guaranteed Senior Notes 6.50 Percent Due 2012 [Member]
   
Debt:    
Commitment / Debt 600,000 [4] 600,000 [4]
In Use / Outstanding 599,971 [1],[4] 599,294 [1],[4]
Senior Notes Due 2014 [Member]
   
Debt:    
Commitment / Debt 600,000 600,000
In Use / Outstanding 597,501 [1] 596,579 [1]
Senior Notes One Due 2021 [Member]
   
Debt:    
Commitment / Debt 400,000 0
In Use / Outstanding 395,963 [1] 0 [1]
Senior Notes Two Due 2021 [Member]
   
Debt:    
Commitment / Debt 0 575,000
In Use / Outstanding 0 [1] 572,538 [1]
Senior Notes Due 2024 [Member]
   
Debt:    
Commitment / Debt 350,000 350,000
In Use / Outstanding 348,592 [1] 348,482 [1]
Senior Notes Due 2027 [Member]
   
Debt:    
Commitment / Debt 325,000 325,000
In Use / Outstanding 322,591 [1] 322,435 [1]
Senior Notes Total [Member]
   
Debt:    
Commitment / Debt 3,275,000 3,450,000
In Use / Outstanding 2,264,618 [1] 2,439,328 [1]
Letter of Credit [Member]
   
Debt:    
Total Commitment / Debt 4,000,000 [5],[6] 5,000,114 [5],[7]
Total In Use / Outstanding $ 1,871,192 [1] $ 2,395,242 [1]
[1] "In Use" and "Outstanding" data represent December 31, 2011 and 2010 accreted values.
[2] The 2012 5-year revolving credit facilities shared a $1 billion revolving credit sub-limit. This facility was terminated in December 2011 in connection with entering into new credit facilities.
[3] This Credit facility has a $1 billion revolving credit sub-limit.
[4] The 6.50% Guaranteed Senior Notes were repaid at maturity on January 15, 2012.
[5] The Company has the option to increase the size of the March 2011 Credit Agreement by an additional $500 million and the size of the facilities under the December 2011 Credit Agreements by an additional $500 million across both such facilities.
[6] At December 31, 2011 there were five available letter of credit facilities.
[7] At December 31, 2010 there were five available letter of credit facilities.