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LONG-TERM OBLIGATIONS | 6 Months Ended
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Jun. 30, 2015
LONG-TERM OBLIGATIONS |
LONG TERM OBLIGATIONS | NOTE 5 – LONG –TERM OBLIGATIONS In December 2014, we executed a $475 million private placement to take advantage of low long-term interest rates. At that time, we closed on $250 million of the private placement to fund our ASR program (see Note 11). This closing consisted of two maturity tranches, with $125 million of 9 year notes at an interest rate of 3.49% and $125 million of 11 year notes at an interest rate of 3.61%. We closed on the remaining $225 million of the private placement in February, 2015, consisting of $100 million of 9 year notes at an interest rate of 3.49% and $125 million of 11 year notes at an interest rate of 3.61%. The proceeds from this closing were used to pay down the existing revolving line of credit. The Company’s long-term obligations consisted of the following:
|  | June 30, |  | December 31, |
|  | 2015 |  | 2014 |
Notes payable 0.61% - 27.26%, due in monthly and annual installments |  |  |  |  |
through 2027 |  | $ | 4,244 |  | $ | 5,160 |
Senior unsecured notes 2.3%, due in 2015 |  | 16,000 |  | 16,000 |
Senior unsecured notes 6.0%, due in 2016 |  | 50,000 |  | 50,000 |
Senior unsecured notes 6.0%, due in 2018 |  | 75,000 |  | 75,000 |
Senior unsecured notes 3.8%, due in 2020 |  | 84,000 |  | 84,000 |
Senior unsecured notes 3.2%, due in 2022 |  | 75,000 |  | 75,000 |
Senior unsecured notes 3.5%, due in 2023 |  | 125,000 |  | 125,000 |
Senior unsecured notes 3.4%, due in 2024 |  | 50,000 |  | 50,000 |
Senior unsecured notes 3.5%, due in 2024 |  | 100,000 |  | -- |
Senior unsecured notes 3.6%, due in 2025 |  | 125,000 |  | 125,000 |
Senior unsecured notes 3.6%, due in 2026 |  | 125,000 |  | -- |
Capital lease obligations |  | 1,885 |  | 2,424 |
|  | 831,129 |  | 607,584 |
Current maturities of long-term obligations |  | (18,122 | ) | (18,692 | )
Total long-term obligations |  | $ | 813,007 |  | $ | 588,892 |
Aggregate long-term maturities, excluding capital lease obligations, due annually for the five years beginning in 2015 are $17,769, $50,391, $392, $75,342, $189 and $685,161 thereafter.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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