Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Outstanding Debt

	2022				2021
	Principal		Carrying		Principal		Carrying
	outstanding		amount		outstanding		amount
Short-term debt	$	76	$	76	$	75	$	75
Long-term debt
Senior secured borrowings:
Revolving credit facilities	329		329		50		50
Term loan facilities
U.S. dollar due 2027	1,800		1,792		—		—
U.S. dollar due 2024	—		—		1,002		997
Euro due 20271	578		578		—		—
Euro due 20242	—		—		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	642		640		683		680
€600 at 3.375% due 2025	642		640		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	536		532		570		565
U.S. dollar at 5.25% due 2030	500		494		—		—
U.S. dollar at 7.50% due 2096	40		40		40		40
Other indebtedness in various currencies:
Fixed rate with rates in 2022 from 2.7% to 14.4% due through 2027	221		221		189		189
Variable rate with an average rate in 2022 of 1.5% due 2026	21		21		28		28
Total long-term debt	6,934		6,901		6,221		6,187
Less: current maturities	(109)		(109)		(136)		(135)
Total long-term debt, less current maturities	$	6,825	$	6,792	$	6,085	$	6,052

(1) €540 at December 31, 2022

(2) €303 at December 31, 2021

Schedule of Weighted Average Interest Rates

The weighted average interest rates were as follows:

	2022		2021		2020
Short-term debt	3.8	%	0.6	%	2.1	%
Revolving credit facilities	2.5	%	1.2	%	1.8	%