Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2017

The following table summarizes the Company's short-term borrowings and long-term debt:



		September 30, 2017				December 31, 2016
In millions, except percentages		Amount			Weighted-Average Interest Rate	Amount			Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility ⁽¹⁾		$	56		2.99%	$	45		2.88%
Trade Receivables Securitization Facility ⁽¹⁾		200			2.09%	—
Other ⁽²⁾		13			13.08%	5			7.41%
	Total short-term borrowings	$	269			$	50
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility ⁽¹⁾	$	776		2.99%	$	821		2.88%
	Revolving credit facility ⁽¹⁾	25			2.99%	—
Senior notes:
	5.00% Senior Notes due 2022	600				600
	4.625% Senior Notes due 2021	500				500
	5.875% Senior Notes due 2021	400				400
	6.375% Senior Notes due 2023	700				700
Deferred financing fees		(25		)		(29		)
Other ⁽²⁾		8			6.51%	9			6.64%
	Total long-term debt	$	2,984			$	3,001


⁽¹⁾	Interest rates are weighted-average interest rates as of September 30, 2017 and December 31, 2016.


⁽²⁾	Interest rates are weighted-average interest rates as of September 30, 2017 and December 31, 2016 primarily related to various international credit facilities and a note payable in the U.S.