Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The Company's outstanding debt was as follows:

	September 30, 2022				December 31, 2021
	Principal		Carrying		Principal		Carrying
	outstanding		amount		outstanding		amount
Short-term debt	$	83	$	83	$	75	$	75
Long-term debt
Senior secured borrowings:
Revolving credit facilities	421		421		50		50
Term loan facilities
U.S. dollar due 2027	1,800		1,791		—		—
U.S. dollar due 2024	—		—		1,002		997
Euro due 20271	529		529		—		—
Euro due 20241	—		—		344		344
Senior notes and debentures:
€335 at 2.25% due 2023	—		—		381		380
€550 at 0.75% due 2023	—		—		626		624
€600 at 2.625% due 2024	588		586		683		680
€600 at 3.375% due 2025	588		586		683		679
U.S. dollar at 4.25% due 2026	400		397		400		396
U.S. dollar at 4.75% due 2026	875		869		875		867
U.S. dollar at 7.375% due 2026	350		348		350		348
€500 at 2.875% due 2026	491		487		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	256		256		217		217
Total long-term debt	6,838		6,803		6,221		6,187
Less current maturities	(94)		(94)		(136)		(135)
Total long-term debt, less current maturities	6,744		6,709		6,085		6,052

(1) €540 and €303 at September 30, 2022 and December 31, 2021.