(Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The Company's outstanding debt was as follows:

	March 31, 2018						December 31, 2017
	Principal			Carrying			Principal			Carrying
	outstanding			amount			outstanding			amount
Short-term debt	$	32		$	32		$	62		$	62
Long-term debt
Senior secured borrowings:
Revolving credit facilities	$	749		$	749		$	122		$	122
Term loan facilities
U.S. dollar at LIBOR + 1.50% due 2022	736			730			741			735
Euro at EURIBOR + 1.50% due 20221	330			330			324			324
Senior notes and debentures:
€650 at 4.0% due 2022	801			795			781			774
U. S. dollar at 4.50% due 2023	1,000			992			1,000			992
€335 at 2.250% due 2023	413			407			—			—
€600 at 2.625% due 2024	739			732			720			713
€600 at 3.375% due 2025	739			730			720			711
U.S. dollar at 4.25% due 2026	400			393			400			393
U.S. dollar at 4.75% due 2026	875			863			—			—
U.S. dollar at 7.375% due 2026	350			347			350			347
€500 at 2.875% due 2026	616			608			—			—
U.S. dollar at 7.50% due 2096	40			40			40			40
Other indebtedness in various currencies	94			94			101			101
Capital lease obligations	29			29			29			29
Total long-term debt	7,911			7,839			5,328			5,281
Less current maturities	(61		)	(61		)	(64		)	(64		)
Total long-term debt, less current maturities	$	7,850		$	7,778		$	5,264		$	5,217

(1) €268 and €270 at March 31, 2018 and December 31, 2017.