Debt (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

The following table sets forth our outstanding debt:



	December 31,
	2018		2017
	(In millions)
7.456% senior notes due 2018	$	—	$	500
5.95% senior notes due 2020	748		748
2.5% (€650 million) senior notes due 2022	740		775
4.5% senior notes due 2024	496		495
5.0% senior notes due 2026	742		741
3.8% senior notes due 2028	991		990
Total debt⁽¹⁾	3,717		4,249
Current maturities of long-term debt	—		(500		)
Long-term debt,excluding current maturities	$	3,717	$	3,749

___________________________________


(1)	Net of discounts and debt issuance costs.

Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Long Term Debt Outstanding

The following table sets forth the approximate fair value of our outstanding debt, which is based on quoted market prices in less active markets (Level 2 inputs):



	December 31,
	2018		2017
	(In millions)
7.456% senior notes due 2018	$	—	$	516
5.95% senior notes due 2020	778		810
2.5% (€650 million) senior notes due 2022⁽¹⁾	771		828
4.5% senior notes due 2024	504		528
5.0% senior notes due 2026	760		807
3.8% senior notes due 2028	915		969

___________________________________


(1)	Approximately 674 million Euro as of December 31, 2018 and 690 million Euro as of December 31, 2017.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details