Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The Company's outstanding debt was as follows:

	March 31, 2022				December 31, 2021
	Principal		Carrying		Principal		Carrying
	outstanding		amount		outstanding		amount
Short-term debt	$	96	$	96	$	75	$	75
Long-term debt
Senior secured borrowings:
Revolving credit facilities	179		179		50		50
Term loan facilities
U.S. dollar due 2024	988		985		1,002		997
Euro due 20241	329		329		344		344
Senior notes and debentures:
€335 at 2.25% due 2023	371		370		381		380
€550 at 0.75% due 2023	609		607		626		624
€600 at 2.625% due 2024	664		661		683		680
€600 at 3.375% due 2025	664		660		683		679
U.S. dollar at 4.25% due 2026	400		397		400		396
U.S. dollar at 4.75% due 2026	875		867		875		867
U.S. dollar at 7.375% due 2026	350		348		350		348
€500 at 2.875% due 2026	555		551		570		565
U.S. dollar at 5.25% due 2030	500		493		—		—
U.S. dollar at 7.50% due 2096	40		40		40		40
Other indebtedness in various currencies	304		304		217		217
Total long-term debt	6,828		6,791		6,221		6,187
Less current maturities	(1,139)		(1,137)		(136)		(135)
Total long-term debt, less current maturities	$	5,689	$	5,654	$	6,085	$	6,052

(1) €297 and €303 at March 31, 2022 and December 31, 2021