<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 38,708 <SECURITIES> 547,410 <RECEIVABLES> 978,947 <ALLOWANCES> 61,205 <INVENTORY> 120,642 <CURRENT-ASSETS> 649,970 <PP&E> 1,570,386 <DEPRECIATION> 266,712 <TOTAL-ASSETS> 7,935,428 <CURRENT-LIABILITIES> 480,921 <BONDS> 1,871,869 <COMMON> 117,490 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,923,099 <TOTAL-LIABILITY-AND-EQUITY> 7,935,428 <SALES> 548,829 <TOTAL-REVENUES> 575,453 <CGS> 412,354 <TOTAL-COSTS> 415,285 <OTHER-EXPENSES> 13,995 <LOSS-PROVISION> 2,652 <INTEREST-EXPENSE> 35,869 <INCOME-PRETAX> 113,223 <INCOME-TAX> 41,326 <INCOME-CONTINUING> 71,897 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 71,897 <EPS-PRIMARY> .60 <EPS-DILUTED> .58