Financing Arrangements and Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Financing Arrangements and Derivative Financial Instruments [Abstract]

Schedule of Notes Payable and Overdrafts, Long Term Debt and Capital Leases Due Within One Year

The following table presents amounts due within one year:

	December 31,			December 31,
(In millions)	2015			2014
Notes payable and overdrafts:	$	49		$	30
Weighted average interest rate	9.42		%	10.63		%
Long term debt and capital leases due within one year:
Other domestic and foreign debt (including capital leases) (1)	$	587		$	148
Weighted average interest rate	6.68		%	7.75		%
Total obligations due within one year	$	636		$	178

(1) The increase in long term debt and capital leases due within one year was due primarily to the €250 million6.75% senior notes due 2019 being classified as current at December 31, 2015 in connection with the irrevocable call for their redemption in January 2016.

Schedule of Long Term Debt and Capital Leases, Net of Unamortized Discounts, and Interest Rates

The following table presents long term debt and capital leases, net of unamortized discounts, and interest rates:

	December 31, 2015					December 31, 2014
				Interest					Interest
(In millions)	Amount			Rate		Amount			Rate
Notes:
6.75% Euro Notes due 2019	$	272				$	303
8.25% due 2020	—					996
8.75% due 2020	271					269
6.5% due 2021	900					900
7% due 2022	700					700
5.125% due 2023	1,000					—
3.75% Euro Notes due 2023	272					—
7% due 2028	150					150
Credit Facilities:
$2.0 billion first lien revolving credit facility due 2017	—			—		—			—
$1.2 billion second lien term loan facility due 2019	598			3.75	%	1,196			4.75	%
€550 million revolving credit facility due 2020	—			—		—			—
Pan-European accounts receivable facility	125			1.35	%	343			1.54	%
Chinese credit facilities	465			5.22	%	535			5.65	%
Other foreign and domestic debt(1)	906			9.42	%	913			8.70	%
	5,659					6,305
Capital lease obligations	48					59
	5,707					6,364
Less portion due within one year	(587		)			(148		)
	$	5,120				$	6,216

(1) Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions and domestic debt related to our Global and North America Headquarters.

Schedule of Maturities of Long-term Debt and Capital Leases

The annual aggregate maturities of our debt and capital leases for the five years subsequent to December 31, 2015 are presented below. Maturities of debt credit agreements have been reported on the basis that the commitments to lend under these agreements will be terminated effective at the end of their current terms.

(In millions)	2016		2017		2018		2019		2020
U.S.	$	6	$	5	$	59	$	599	$	271
Foreign	630		425		225		270		54
	$	636	$	430	$	284	$	869	$	325

Schedule of Fair Values for Foreign Currency Contracts not Designated as Hedging Instruments

The following table presents fair values for foreign currency contracts not designated as hedging instruments:

	December 31,			December 31,
(In millions)	2015			2014
Fair Values — asset (liability):
Accounts receivable	$	10		$	20
Other current liabilities	(10		)	(4		)

Schedule of Fair Values for Foreign Currency Contracts Designated as Cash Flow Hedges

The following table presents fair values for foreign currency contracts designated as cash flow hedging instruments:

	December 31,			December 31,
(In millions)	2015			2014
Fair Values — asset (liability):
Accounts receivable	$	5		$	10
Other current liabilities	(1		)	—

Schedule of the Classification of Changes in Fair Values of Foreign Currency Contracts Designated as Cash Flow Hedging Instruments

The following table presents the classification of changes in fair values of foreign currency contracts designated as cash flow hedging instruments (before tax and minority):

	Year Ended
	December 31,
(In millions) (Income) Expense	2015			2014
Amounts deferred to AOCL	$	(20	)	$	(17	)
Amount of deferred loss (gain) reclassified from AOCL into CGS	(28		)	—
Amounts excluded from effectiveness testing	1			1