|
DEBT Narrative (Details)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2013
USD ($)
|
Dec. 31, 2012
USD ($)
|
Dec. 31, 2011
USD ($)
|
Dec. 31, 2013
Gulf Opportunity Zone revenue bonds
USD ($)
|
Dec. 31, 2012
Gulf Opportunity Zone revenue bonds
USD ($)
|
Dec. 31, 2013
7.625% subordinated notes
USD ($)
|
Dec. 31, 2012
7.625% subordinated notes
USD ($)
|
Dec. 31, 2013
6.75 % senior notes
USD ($)
|
Dec. 31, 2012
6.75 % senior notes
USD ($)
|
Dec. 31, 2013
$1.5 billion 2012 Revolving Credit Agreement
USD ($)
|
Dec. 31, 2012
$1.5 billion 2012 Revolving Credit Agreement
USD ($)
|
Dec. 31, 2013
4.75% Senior Notes
USD ($)
|
Dec. 31, 2012
4.75% Senior Notes
USD ($)
|
Dec. 31, 2013
4.80% senior notes
USD ($)
|
Dec. 31, 2012
4.80% senior notes
USD ($)
|
Dec. 31, 2013
7.65% senior notes
USD ($)
|
Dec. 31, 2012
7.65% senior notes
USD ($)
|
Dec. 31, 2013
6.05% senior notes
USD ($)
|
Dec. 31, 2012
6.05% senior notes
USD ($)
|
Dec. 31, 2013
NuPOP senior notes
USD ($)
|
Dec. 31, 2013
7.75% senior notes
|
Dec. 31, 2013
5.875% senior notes
USD ($)
|
Dec. 31, 2012
5.875% senior notes
USD ($)
|
Dec. 31, 2013
UK term loan
GBP (£)
|
Dec. 31, 2013
UK term loan
USD ($)
|
Dec. 31, 2012
UK term loan
USD ($)
|
Dec. 31, 2013
Port Authority of Corpus Christi note payable
USD ($)
|
Dec. 31, 2012
Port Authority of Corpus Christi note payable
USD ($)
|
|
| Debt Instrument [Line Items] | ||||||||||||||||||||||||||||
| Maximum borrowing capacity | $ 1,500,000,000 | |||||||||||||||||||||||||||
| Maximum available for Euro borrowings | 250,000,000 | |||||||||||||||||||||||||||
| Maximum Available for British Pound Borrowings | 250,000,000 | |||||||||||||||||||||||||||
| Date Issued | Jan. 22, 2013 | Aug. 19, 2013 | ||||||||||||||||||||||||||
| Maturity Date | Jan. 15, 2043 | Feb. 01, 2021 | May 02, 2017 | Feb. 01, 2022 | Sep. 01, 2020 | Mar. 15, 2018 | Mar. 15, 2013 | Feb. 15, 2012 | Jun. 01, 2013 | Dec. 10, 2013 | Dec. 31, 2015 | |||||||||||||||||
| Interest payments | 118,300,000 | 118,400,000 | 115,100,000 | |||||||||||||||||||||||||
| Term | 5 years | |||||||||||||||||||||||||||
| Interest Rate Increase | 0.375% | 0.25% | ||||||||||||||||||||||||||
| Interest rate at period end | 2.20% | |||||||||||||||||||||||||||
| Interest rate during period | 2.20% | |||||||||||||||||||||||||||
| Current remaining borrowing capacity | 829,300,000 | |||||||||||||||||||||||||||
| Covenant terms | The 2012 Revolving Credit Agreement contains customary restrictive covenants, including requiring us to maintain, as of the end of each rolling period, which consists of any period of four consecutive fiscal quarters, a consolidated debt coverage ratio (consolidated indebtedness to consolidated EBITDA, as defined in the 2012 Revolving Credit Agreement) not to exceed 5.00-to-1.00. If we consummate an acquisition for an aggregate net consideration of at least $50.0 million, the maximum consolidated debt coverage ratio will increase to 5.50-to-1.00 for two rolling periods. The 2012 Revolving Credit Agreement permits unlimited investments in joint ventures and unconsolidated subsidiaries, provided that no default exists, but limits the amount of cash distributions for such joint ventures and unconsolidated subsidiaries included in the calculation of the consolidated debt coverage ratio to 20% of consolidated EBITDA. | |||||||||||||||||||||||||||
| Debt coverage ratio | 4.4 | |||||||||||||||||||||||||||
| Letters of credit issued | 370,246,000 | 167,600,000 | ||||||||||||||||||||||||||
| Maximum letters of credit allowed | 750,000,000 | |||||||||||||||||||||||||||
| Deferred debt issuance costs | 11,600,000 | 4,000,000 | ||||||||||||||||||||||||||
| Amount Available Under Underwriters Option | 52,500,000 | |||||||||||||||||||||||||||
| Amount outstanding | 2,655,553,000 | 2,411,004,000 | 365,440,000 | 365,440,000 | 402,500,000 | 0 | 300,000,000 | 0 | 503,036,000 | 440,330,000 | 250,000,000 | 250,000,000 | 450,000,000 | 450,000,000 | 350,000,000 | 350,000,000 | 0 | 229,932,000 | 500,000,000 | 0 | 250,000,000 | 0 | 34,142,000 | 0 | 577,000 | |||
| Stated interest rate | 7.625% | 6.75% | 4.75% | 4.80% | 7.65% | 6.05% | 7.75% | 5.875% | ||||||||||||||||||||
| Interest rate terms | The Subordinated Notes bear interest at a fixed annual rate of 7.625%, payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year beginning on April 15, 2013 and ending on January 15, 2018. Thereafter, the Subordinated Notes will bear interest at an annual rate equal to the sum of the three-month LIBOR rate for the related quarterly interest period, plus 6.734% payable quarterly on January 15, April 15, July 15 and October 15 of each year, commencing April 15, 2018, unless payment is deferred in accordance with the terms of the notes. | The interest on the 6.75% Senior Notes is payable semi-annually in arrears on February 1 and August 1 of each year beginning on February 1, 2014 | The interest rate payable on the 7.65% senior notes is subject to adjustment if our debt rating is downgraded (or subsequently upgraded) by certain credit rating agencies. | |||||||||||||||||||||||||
| Fair value of debt when acquired | 555,000,000 | |||||||||||||||||||||||||||
| Repayments of Debt | 2,150,743,000 | 2,720,355,000 | 801,950,000 | 229,900,000 | 250,000,000 | 21,000,000 | 600,000 | |||||||||||||||||||||
| Amount Received From Trustee | 43,100,000 | |||||||||||||||||||||||||||
| Face value | 12,000,000 | |||||||||||||||||||||||||||
| Frequency of payments | annual | |||||||||||||||||||||||||||
| Payment amount | 1,200,000 | |||||||||||||||||||||||||||
| Proceeds from note offering, net of issuance costs | $ 686,863,000 | $ 247,398,000 | $ 0 | $ 390,900,000 | $ 296,000,000 | |||||||||||||||||||||||