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SUBSEQUENT EVENTS:
3 Months Ended
Mar. 31, 2015
SUBSEQUENT EVENTS:  
SUBSEQUENT EVENTS:

 

NOTE 14 — SUBSEQUENT EVENTS:

 

Financing:

 

On April 20, 2015, the Company issued $2.0 billion of fixed-rate senior unsecured notes. This debt was issued in two tranches, $500 million due 2025 at an annual interest rate of 3.875% and $1.5 billion due 2045 at an annual interest rate of 5.875%. These notes will be general unsecured obligations of the Company and will rank equally with all of its existing and future unsecured and unsubordinated debt. Net proceeds will be used for general corporate purposes, including the financing of the Company´s capital expenditure program.

 

Dividends:

 

On April 23, 2015, the Board of Directors authorized a dividend of $0.10 per share payable on May 27, 2015 to shareholders of record at the close of business on May 13, 2015.