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Quarterly report pursuant to Section 13 or 15(d)

DEBT AND CREDIT FACILITIES (Narrative) (Details)

v2.4.0.8
DEBT AND CREDIT FACILITIES (Narrative) (Details)
 3 Months Ended 9 Months Ended
Sep. 30, 2014
USD ($)
Dec. 31, 2013
USD ($)
Sep. 30, 2014
Revolving Credit Facility [Member]
USD ($)
Mar. 31, 2013
Revolving Credit Facility [Member]
Dec. 31, 2013
Revolving Credit Facility [Member]
USD ($)
Sep. 30, 2014
Line of Credit [Member]
USD ($)
Sep. 30, 2014
Line of Credit [Member]
AUD
Dec. 31, 2013
Line of Credit [Member]
USD ($)
Dec. 31, 2013
Line of Credit [Member]
AUD
Sep. 30, 2014
Accounts Receivable Securitization Facility [Member]
USD ($)
Sep. 30, 2014
Accounts Receivable Securitization Facility [Member]
Maximum [Member]
USD ($)
Sep. 30, 2014
Pre-Export Trade Finance Loans [Member]
USD ($)
Sep. 30, 2014
Line of Credit [Member]
USD ($)
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Revolving credit facility, borrowing capacity Ìý Ìý Ìý Ìý Ìý $ 26,200,000 30,000,000 $ 26,800,000 30,000,000 Ìý Ìý Ìý Ìý
Financial covenant, debt to earnings ratio Ìý Ìý Ìý 3.5 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total Funded Debt to Total Capitalization Ìý Ìý 0.45 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Financial covenant, interest coverage ratio Ìý Ìý 3.5 2.5 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Maximum Impairment Permitted to be Excluded from Net Worth Calculation for Debt Covenants 1,000,000,000 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Credit facility, amount outstanding Ìý Ìý 0 [1] Ìý 0 [1] 20,100,000 22,900,000 20,500,000 23,000,000 Ìý Ìý Ìý Ìý
Credit facility remaining capacity Ìý Ìý 1,200,000,000 Ìý 1,700,000,000 6,100,000 7,100,000 6,300,000 7,000,000 Ìý Ìý Ìý Ìý
Stock Repurchase Program, Authorized Amount 200,000,000 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount 4,528,000,000 4,814,800,000 1,250,000,000 Ìý 1,750,000,000 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Reduction to Long-Term Line of Credit Ìý Ìý 500,000,000 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Unamortized Debt Issuance Costs Expensed Due to Change in Borrowing Capacity Ìý Ìý 2,800,000 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Unamortized Debt Issuance Expense Ìý Ìý 9,900,000 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Short-term Debt Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 45,200,000 110,000,000 18,000,000 150,000,000
Minimum Number of Days Loan Can be Drawn Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 30
Maximum Number of Days Loan can be Drawn Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 90
Letters of credit outstanding $ 43,900,000 $ 48,000,000 $ 5,200,000 Ìý $ 8,400,000 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
[1] As of SeptemberÌý30, 2014 and DecemberÌý31, 2013, no revolving loans were drawn under the revolving credit agreement. As of SeptemberÌý30, 2014 and DecemberÌý31, 2013, the principal amount of letter of credit obligations totaled $5.2 million and $8.4 million, respectively, thereby reducing available borrowing capacity to $1.2 billion and $1.7 billion for each period, respectively.