Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The Company's outstanding debt was as follows:

	March 31, 2016						December 31, 2015
	Principal			Carrying			Principal			Carrying
	outstanding			amount			outstanding			amount
Short-term debt	$	67		$	67		$	54		$	54
Long-term debt
Senior secured borrowings:
Revolving credit facilities	$	369		$	369		$	—		$	—
Term loan facilities
U.S. dollar at LIBOR + 1.75% due 2018	1,131			1,120			831			821
€665 Euro at EURIBOR + 1.75% due 2018	757			749			723			714
Farm credit facility at LIBOR + 2.00% due 2019	355			350			355			350
Senior notes and debentures:
U.S. dollar at 6.25% due 2021	—			—			700			694
€650 at 4.0% due 2022	740			731			706			697
U. S. dollar at 4.50% due 2023	1,000			990			1,000			989
€600 at 3.375% due 2025	683			673			652			642
U.S. dollar at 7.375% due 2026	350			346			350			346
U.S. dollar at 7.50% due 2096	45			45			45			45
Other indebtedness in various currencies	159			159			166			166
Total long-term debt	5,589			5,532			5,528			5,464
Less current maturities	(241		)	(239		)	(211		)	(209		)
Total long-term debt, less current maturities	$	5,348		$	5,293		$	5,317		$	5,255