Long-term Debt and Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt and other borrowing arrangements consisted of:

	Maturity Date	As of December 31,
		2017			2016
Floating Rate Senior Notes	December 2017	—			249
Floating Rate Term Loan	March 2019	—			144
6% euro-denominated Senior Notes	March 2021	—			194
Floating Rate Term Loan (a)	March 2022	1,136			816
5⅛% Senior Notes	June 2022	400			400
5½% Senior Notes	April 2023	675			675
6⅜% Senior Notes	April 2024	350			350
4⅛% euro-denominated Senior Notes	November 2024	360			316
5¼% Senior Notes	March 2025	375			375
4½% euro-denominated Senior Notes	May 2025	300			—
Other (b)		49			57
Deferred financing fees		(46		)	(53		)
Total		3,599			3,523
Less: Short-term debt and current portion of long-term debt		26			279
Long-term debt		$	3,573		$	3,244

__________

^(a)  The floating rate term loan is part of the Company’s senior revolving credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.

^(b)  Primarily includes capital leases which are secured by liens on the related assets.

Contractual Maturities of Company's Corporate Debt

The following table provides contractual maturities of the Company’s corporate debt at December 31, 2017:

Year	Amount
2018	$	26
2019	20
2020	16
2021	14
2022	1,493
Thereafter	2,076
	$	3,645

Schedule of Committed Credit Facilities

At December 31, 2017, the committed corporate credit facilities available to the Company and/or its subsidiaries were as follows:

	Total Capacity		Outstanding Borrowings		Letters of Credit Issued		Available Capacity
Senior revolving credit facility maturing 2021 (a)	$	1,800	$	—	$	782	$	1,018
Other facilities (b)	3		3		—		—

__________

^(a)  The senior revolving credit facility bears interest at one-month LIBOR plus 200 basis points and is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.

^(b)  These facilities encompass bank overdraft lines of credit, bearing interest of 3.10% to 3.18% as of December 31, 2017.