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DEBT (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Components of Long-Term Debt
The following is a summary of debt outstanding as of June 30, 2016 and December 31, 2015:
 
 
June 30
 
December 31
 
 
2016
 
2015
Loans under facilities:
 
 
 
 
Revolver
 
$
390

 
$
340

Tranche B term loan
 
688

 
691

Tranche C term loan
 
1,867

 
1,876

Debt discount
 
(7
)
 
(8
)
Unamortized debt issuance fees
 
(9
)
 
(10
)
Other debt, primarily foreign instruments
 
164

 
163

 
 
3,093

 
3,052

Less:
 
 
 
 
Short-term debt, including current maturities of long-term debt
 
(144
)
 
(138
)
Total long-term debt
 
$
2,949

 
$
2,914

Amortization of Fair Value Adjustment
Interest expense associated with the amortization of the debt issuance costs recognized in the Company’s condensed consolidated statements of operations, consists of the following:
 
Three Months Ended
 
Six Months Ended
 
June 30
 
June 30
 
2016
 
2015
 
2016
 
2015
Amortization of debt issuance fees
$

 
$

 
$
1

 
$
1