text: Amounts due in 2005 that were refinanced through available capacity under the 
  Company’s Senior Credit Facility have been excluded from current liabilities in the 
  accompanying consolidated balance sheet. 
  
  The estimated fair value of the Company’s long-term debt at December 31, 2004 
  was approximately $5.9 billion, versus its book value of $5.5 billion. At December 
  31, 2003, the estimated fair value of the Company’s long-term debt was approxi- 
  mately $6.0 billion, versus its book value of $5.6 billion. The estimated fair value of 
  the Company’s public debt securities was based on quoted market prices on or 
  about December 31, 2004 and 2003. The estimated fair value of the Company’s 
  outstanding credit facility borrowings was assumed to approximate book value due 
  to the short-term nature of the borrowings. 
  
  **NOTE 9 — INCOME TAXES**
  The Company accounts for income taxes in accordance with Statement of Financial 
  Accounting Standards No. 109, “Accounting for Income Taxes” (“SFAS 109”). 
  SFAS 109 requires the recognition of deferred income tax assets, net of applicable 
  reserves, related to net operating loss carryforwards and certain temporary 
  differences. The standard requires recognition of a future tax benefit to the extent 
  that realization of such benefit is more likely than not. Otherwise, a valuation 
  allowance is applied. 