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Financing Arrangements and Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2018
Financing Arrangements and Derivative Financial Instruments [Abstract]  
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)
2018
 
2017
Chinese credit facilities
$
122

 
$
—

Other domestic and foreign debt
288

 
262

Notes payable and overdrafts
$
410

 
$
262

Weighted average interest rate
8.03
%
 
5.00
%
Long term debt and capital leases due within one year:
 
 
 
Chinese credit facilities
$
32

 
$
113

Other domestic and foreign debt (including capital leases)
211

 
278

Total long term debt and capital leases due within one year
$
243

 
$
391

Weighted average interest rate
4.57
%
 
6.86
%
Total obligations due within one year
$
653

 
$
653
Schedule of Debt
The following table presents long term debt and capital leases, net of unamortized discounts, and interest rates:
 
December 31, 2018
 
December 31, 2017
 
 
 
 
 
 
 
 
(In millions)
Amount
 
Interest Rate
 
Amount
 
Interest Rate
Notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8.75% due 2020
$
278

 
 
 
$
275

 
 
5.125% due 2023
1,000

 
 
 
1,000

 
 
3.75% Euro Notes due 2023
286

 
 
 
300

 
 
5% due 2026
900

 
 
 
900

 
 
4.875% due 2027
700

 
 
 
700

 
 
7% due 2028
150

 
 
 
150

 
 
Credit Facilities:
 
 
 
 
 
 
 
$2.0 billion first lien revolving credit facility due 2021
—

 
—

 
—

 
—

Second lien term loan facility due 2025
400

 
4.46
%
 
400

 
3.50
%
€550 million revolving credit facility due 2020
—

 
—

 
—

 
—

Pan-European accounts receivable facility
335

 
1.01
%
 
224

 
0.90
%
Mexican credit facilities
200

 
4.30
%
 
340

 
3.14
%
Chinese credit facilities
219

 
5.03
%
 
212

 
4.87
%
Other foreign and domestic debt(1)
884

 
5.35
%
 
967

 
6.02
%
 
5,352

 
 
 
5,468

 
 
Unamortized deferred financing fees
(36
)
 
 
 
(41
)
 
 
 
5,316

 
 
 
5,427

 
 
Capital lease obligations
37

 
 
 
40

 
 
 
5,353

 
 
 
5,467

 
 
Less portion due within one year
(243
)
 
 
 
(391
)
 
 
 
$
5,110

 
 
 
$
5,076

 
 
(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 Americas Headquarters.
Maturities of Long-term Debt and Capital Leases
The annual aggregate maturities of our debt (excluding the impact of deferred financing fees and unamortized discounts) and capital leases for the five years subsequent to December 31, 2018 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)
2019
 
2020
 
2021
 
2022
 
2023
U.S.
$
26

 
$
450

 
$
1

 
$
1

 
$
1,001

Foreign
627

 
340

 
218

 
106

 
651

 
$
653

 
$
790

 
$
219

 
$
107

 
$
1,652
Fair Values for Foreign Currency Contracts not Designated as Hedging Instruments
The following table presents fair values for foreign currency hedge contracts that do not meet the criteria to be accounted for as cash flow hedging instruments:
 
December 31,
 
December 31,
(In millions)
2018
 
2017
Fair Values — Current asset (liability):
 
 
 
Accounts receivable
$
7

 
$
3

Other current liabilities
(6
)
 
(9
)
Fair Values for Foreign Currency Contracts Designated as Cash Flow Hedges
The following table presents fair values for foreign currency hedge contracts that meet the criteria to be accounted for as cash flow hedging instruments:
 
December 31,
 
December 31,
(In millions)
2018
 
2017
Fair Values — Current asset (liability):
 
 
 
Accounts receivable
$
9

 
$
1

Other current liabilities
(1
)
 
(8
)
 
 
 
 
Fair Values — Long term asset (liability):
 
 
 
Other assets
$
2

 
$
—

Other long term liabilities
—

 
(2
)
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
2018
 
2017
Amounts deferred to AOCL
$
(12
)
 
$
28

Amount of deferred loss (gain) reclassified from AOCL into CGS
7

 
2

Amounts excluded from effectiveness testing
(3
)
 
(2
)