XML 94 R85.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Summary of Outstanding Debt) (Details)
12 Months Ended
Dec. 31, 2017
EUR (€)
Dec. 31, 2016
EUR (€)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Sep. 30, 2016
EUR (€)
Sep. 30, 2016
USD ($)
Principal outstanding            
Short-term debt     $ 62,000,000 $ 33,000,000    
Total long-term debt     5,328,000,000 4,931,000,000    
Capital lease obligations     29,000,000 0    
Less: current maturities     (64,000,000) (162,000,000)    
Total long-term debt, less current maturities     5,264,000,000 4,769,000,000    
Carrying amount            
Short-term debt     62,000,000 33,000,000    
Total long-term debt     5,281,000,000 4,878,000,000    
Capital lease obligations     29,000,000 0    
Less: current maturities     (64,000,000) (161,000,000)    
Total long-term debt, less current maturities     5,217,000,000 4,717,000,000    
Revolving credit facilities            
Principal outstanding            
Total long-term debt     122,000,000 0    
Carrying amount            
Total long-term debt     122,000,000 0    
Term loan facilities | U.S. dollar at LIBOR plus 1.50% due 2022            
Principal outstanding            
Total long-term debt     741,000,000      
Carrying amount            
Total long-term debt     735,000,000      
Basis spread on variable rate (as a percent) 1.50%          
Term loan facilities | Euro at EURIBOR plus 1.50% due 2022            
Principal outstanding            
Total long-term debt     324,000,000      
Carrying amount            
Total long-term debt     324,000,000      
Basis spread on variable rate (as a percent) 1.50%          
Debt instrument, face amount | € € 270,000,000          
Term loan facilities | US Dollar at LIBOR Plus 1.75% Percentage due 2018            
Principal outstanding            
Total long-term debt       654,000,000    
Carrying amount            
Total long-term debt       649,000,000    
Basis spread on variable rate (as a percent)   1.75%        
Term loan facilities | Euro at EURIBOR Plus 1.75% due 2018            
Principal outstanding            
Total long-term debt       61,000,000    
Carrying amount            
Total long-term debt       61,000,000    
Basis spread on variable rate (as a percent)   1.75%        
Debt instrument, face amount | €   € 58,000,000        
Term loan facilities | Farm credit facility at LIBOR plus 2.00% due 2019            
Principal outstanding            
Total long-term debt     0 351,000,000    
Carrying amount            
Total long-term debt     0 347,000,000    
Basis spread on variable rate (as a percent) 2.00%          
Senior notes and debentures: | €650 at 4.0% due 2022            
Principal outstanding            
Total long-term debt     781,000,000 684,000,000    
Carrying amount            
Total long-term debt     $ 774,000,000 676,000,000    
Debt instrument stated percentage 4.00%   4.00%      
Debt instrument, face amount | € € 650,000,000          
Senior notes and debentures: | U. S. dollar at 4.50% due 2023            
Principal outstanding            
Total long-term debt     $ 1,000,000,000 1,000,000,000    
Carrying amount            
Total long-term debt     $ 992,000,000 991,000,000    
Debt instrument stated percentage 4.50%   4.50%      
Senior notes and debentures: | €600 at 2.625% due 2024            
Principal outstanding            
Total long-term debt     $ 720,000,000 631,000,000    
Carrying amount            
Total long-term debt     $ 713,000,000 623,000,000    
Debt instrument stated percentage 2.625%   2.625%   2.625% 2.625%
Debt instrument, face amount | € € 600,000,000       € 600,000,000  
Senior notes and debentures: | €600 at 3.375% due 2025            
Principal outstanding            
Total long-term debt     $ 720,000,000 631,000,000    
Carrying amount            
Total long-term debt     $ 711,000,000 622,000,000    
Debt instrument stated percentage 3.375%   3.375%      
Debt instrument, face amount | € € 600,000,000          
Senior notes and debentures: | U.S. dollar at 4.25% due 2026            
Principal outstanding            
Total long-term debt     $ 400,000,000 400,000,000   $ 400,000,000
Carrying amount            
Total long-term debt     $ 393,000,000 393,000,000    
Debt instrument stated percentage 4.25%   4.25%   4.25% 4.25%
Senior notes and debentures: | U.S. dollar at 7.375% due 2026            
Principal outstanding            
Total long-term debt     $ 350,000,000 350,000,000    
Carrying amount            
Total long-term debt     $ 347,000,000 347,000,000    
Debt instrument stated percentage 7.375%   7.375%      
Senior notes and debentures: | U.S. dollar at 7.50% due 2096            
Principal outstanding            
Total long-term debt     $ 40,000,000 45,000,000    
Carrying amount            
Total long-term debt     $ 40,000,000 45,000,000    
Debt instrument stated percentage 7.50%   7.50%      
Other indebtedness, fixed rate            
Principal outstanding            
Total long-term debt     $ 96,000,000 122,000,000    
Carrying amount            
Total long-term debt     96,000,000 122,000,000    
Other indebtedness, variable rate            
Principal outstanding            
Total long-term debt     5,000,000 2,000,000    
Carrying amount            
Total long-term debt     $ 5,000,000 $ 2,000,000    
Average variable rates 2.81%   2.81%      
Minimum | Other indebtedness, fixed rate            
Carrying amount            
Debt instrument stated percentage 3.94%   3.94%      
Maximum | Other indebtedness, fixed rate            
Carrying amount            
Debt instrument stated percentage 7.50%   7.50%