Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of Outstanding Debt

	2021				2020
	Principal		Carrying		Principal		Carrying
	outstanding		amount		outstanding		amount
Short-term debt	$	75	$	75	$	104	$	104
Long-term debt
Senior secured borrowings:
Revolving credit facilities	50		50		—		—
Term loan facilities
U.S. dollar due 2024	1,002		997		1,029		1,023
Euro due 20241	344		344		387		387
Senior notes and debentures:
€650 at 4.0% due 2022	—		—		794		791
U. S. dollar at 4.50% due 2023	—		—		1,000		997
€335 at 2.25% due 2023	381		380		409		407
€550 at 0.75% due 2023	626		624		671		666
€600 at 2.625% due 2024	683		680		733		729
€600 at 3.375% due 2025	683		679		733		728
U.S. dollar at 4.25% due 2026	400		396		400		396
U.S. dollar at 4.75% due 2026	875		867		875		865
U.S. dollar at 7.375% due 2026	350		348		350		348
€500 at 2.875% due 2026	570		565		610		603
U.S. dollar at 7.50% due 2096	40		40		40		40
Other indebtedness in various currencies:
Fixed rate with rates in 2021 from 2.7% to 7.8% due through 2026	189		189		97		97
Variable rate with average rates in 2021 from 1.9% to 3.6% due through 2026	28		28		13		13
Total long-term debt	6,221		6,187		8,141		8,090
Less: current maturities	(136)		(135)		(67)		(67)
Total long-term debt, less current maturities	$	6,085	$	6,052	$	8,074	$	8,023

(1) €303 and €317 at December 31, 2021 and 2020

Schedule of Weighted Average Interest Rates

The weighted average interest rates were as follows:

	2021		2020		2019
Short-term debt	0.6	%	2.1	%	2.8	%
Revolving credit facilities	1.2	%	1.8	%	3.0	%