XML 75 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Long-Term Debt

December 31

(add 000)

 

2018

 

 

2017

 

4.25% Senior Notes, due 2024

 

$

396,398

 

 

$

395,814

 

7% Debentures, due 2025

 

 

124,272

 

 

 

124,180

 

3.450% Senior Notes, due 2027

 

 

296,939

 

 

 

296,628

 

3.500% Senior Notes, due 2027

 

 

494,765

 

 

 

494,352

 

6.25% Senior Notes, due 2037

 

 

228,094

 

 

 

228,033

 

4.250% Senior Notes, due 2047

 

 

591,541

 

 

 

591,688

 

Floating Rate Senior Notes, due 2019, interest rate of 3.29% and 2.13% at December 31,   2018 and 2017, respectively

 

 

299,260

 

 

 

298,102

 

Floating Rate Senior Notes, due 2020, interest rate of 3.30% and 2.10% at December 31, 2018 and 2017, respectively

 

 

298,956

 

 

 

298,227

 

6.60% Senior Notes, due 2018

 

 

-

 

 

 

299,871

 

Trade Receivable Facility, interest rate of 3.07% at December 31, 2018

 

 

390,000

 

 

 

-

 

Other notes

 

 

256

 

 

 

308

 

Total

 

 

3,120,481

 

 

 

3,027,203

 

Less: current maturities

 

 

(390,042

)

 

 

(299,909

)

Long-term debt

 

$

2,730,439

 

 

$

2,727,294

 

 

Schedule of Principal Amount, Effective Interest Rate and Maturity Date for Corporation's Senior Notes

 

 

 

Principal

Amount

(add 000)

 

 

Effective

Interest

Rate

 

 

Maturity Date

4.25% Senior Notes

 

$

400,000

 

 

4.25%

 

 

July 2, 2024

7% Debentures

 

$

125,000

 

 

7.12%

 

 

December 1, 2025

3.450% Senior Notes

 

$

300,000

 

 

3.47%

 

 

June 1, 2027

3.500% Senior Notes

 

$

500,000

 

 

3.53%

 

 

December 15, 2027

6.25% Senior Notes

 

$

230,000

 

 

6.45%

 

 

May 1, 2037

4.250% Senior Notes

 

$

600,000

 

 

4.27%

 

 

December 15, 2047

Floating Rate Senior Notes, due 2019

 

$

300,000

 

 

Three-month LIBOR + 0.50%

 

 

December 20, 2019

Floating Rate Senior Notes, due 2020

 

$

300,000

 

 

Three-month LIBOR + 0.65%

 

 

May 22, 2020

Schedule of Corporation's Long-Term Debt Maturities

The Company’s long-term debt maturities for the five years following December 31, 2018, and thereafter are:  

 

(add 000)

 

 

 

2019

$

390,042

 

2020

 

299,015

 

2021

 

65

 

2022

 

90

 

2023

 

299,260

 

Thereafter

 

2,132,009

 

Total

$

3,120,481