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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Long-Term Debt

December 31

(add 000)

 

2015

 

 

2014

 

6.6% Senior Notes, due 2018

 

$

299,368

 

 

$

299,123

 

7% Debentures, due 2025

 

 

124,532

 

 

 

124,500

 

6.25% Senior Notes, due 2037

 

 

228,223

 

 

 

228,184

 

4.25% Senior Notes, due 2024

 

 

395,717

 

 

 

395,309

 

Floating Rate Notes, due 2017, interest rate of 1.71% and 1.33% at December 31, 2015 and 2014, respectively

 

 

299,318

 

 

 

298,869

 

Term Loan Facility, due 2018, interest rate of 1.86% and 1.67% at December 31, 2015 and 2014, respectively

 

 

224,075

 

 

 

236,258

 

Other notes

 

 

1,662

 

 

 

3,152

 

Total

 

 

1,572,895

 

 

 

1,585,395

 

Less current maturities

 

 

(19,246

)

 

 

(14,336

)

Long-term debt

 

$

1,553,649

 

 

$

1,571,059

 

 

Schedule Principal Amount, Effective Interest Rate and Maturity Date of Debentures and Senior Notes

 

 

 

Principal

Amount

(add 000)

 

 

Effective

Interest

Rate

 

 

Maturity Date

6.6% Senior Notes

 

$

300,000

 

 

 

6.81

%

 

April 15, 2018

7% Debentures

 

$

125,000

 

 

 

7.12

%

 

December 1, 2025

6.25% Senior Notes

 

$

230,000

 

 

 

6.45

%

 

May 1, 2037

4.25% Senior Notes

 

$

400,000

 

 

 

4.25

%

 

July 2, 2024

Floating Rate Notes

 

$

300,000

 

 

LIBOR+1.10%

 

 

June 30, 2017

 

Commitments Amounts Under Senior Unsecured Credit Facilities

 

Lender

(add 000)

 

Revolving Facility

Commitment

 

 

Term Loan Facility

Commitment

 

JPMorgan Chase Bank, N.A.

 

$

46,667

 

 

$

33,333

 

Wells Fargo Bank, N.A.

 

 

46,667

 

 

 

33,333

 

BB&T

 

 

46,667

 

 

 

33,333

 

SunTrust Bank

 

 

46,667

 

 

 

33,333

 

Deutsche Bank AG New York Branch

 

 

46,667

 

 

 

33,333

 

PNC Bank, National Association

 

 

29,167

 

 

 

20,833

 

Regions Bank

 

 

29,167

 

 

 

20,833

 

The Northern Trust Company

 

 

29,167

 

 

 

20,833

 

Comerica Bank

 

 

14,582

 

 

 

10,418

 

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

 

 

14,582

 

 

 

10,418

 

Total

 

$

350,000

 

 

$

250,000

 

 

Corporation's Long-Term Debt Maturities

 

 

 

 

The Corporation’s long-term debt maturities for the five years following December 31, 2015, and thereafter are:

 

 

(add 000)

 

 

 

2016

$

19,246

 

2017

 

318,028

 

2018

 

486,843

 

2019

 

90

 

2020

 

60

 

Thereafter

 

748,628

 

Total

$

1,572,895