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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table provides a summary of the Company's outstanding long-term debt and the fair values based on quoted market prices in less active markets as of December 31, 2017 and December 31, 2016:

 
 
 
 
 
 
 
 
 
Level 2 Fair Value as of
 
Principal Amount at Par
 
Issuance Date
 
Maturity
 
Interest Due Dates
 
December 31,
2017
 
December 31,
2016
 
(in millions)
 
 
 
 
 
 
 
(in millions)
4.875% Senior Notes
$
1,600

 
October 2017
 
April 2028
 
April 15 and October 15
 
$
1,571

 
$

3.625% Senior Notes (1)
1,561

 
May 2017
 
May 2027
 
May 15 and November 15
 
1,575

 

4.375% Senior Notes
1,000

 
October 2016
 
November 2026
 
May 15 and November 15
 
983

 
975

5.50% Senior Notes
700

 
February 2015
 
February 2022
 
April 15 and October 15
 
739

 
758

5.875% Senior Notes
800

 
February 2015
 
February 2025
 
April 15 and October 15
 
856

 
868

5.750% Senior Notes
400

 
February 2014
 
March 2024
 
March 1 and September 1
 
427

 
431

5.375% Senior Notes
500

 
February 2013
 
February 2021
 
February 1 and August 1
 
530

 
539



(1) Debt is denominated in euro with a €1,300 million aggregate principal amount and is remeasured into U.S. dollars at each balance sheet date. Total proceeds were $1,420.5 million and remeasurement loss on long-term debt was $140.8 million for the year ended December 31, 2017.