Long-term Debt and Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt and other borrowing arrangements consisted of:

	Maturity Date	As of December 31,
		2018			2017
Floating Rate Term Loan (a)	March 2022	—			1,136
5⅛% Senior Notes	June 2022	—			400
5½% Senior Notes	April 2023	675			675
6⅜% Senior Notes	April 2024	350			350
4⅛% euro-denominated Senior Notes	November 2024	344			360
Floating Rate Term Loan (a)	February 2025	1,123			—
5¼% Senior Notes	March 2025	375			375
4½% euro-denominated Senior Notes	May 2025	287			300
4¾% euro-denominated Senior Notes	January 2026	401			—
Other (b)		41			49
Deferred financing fees		(45		)	(46		)
Total		3,551			3,599
Less: Short-term debt and current portion of long-term debt		23			26
Long-term debt		$	3,528		$	3,573

__________

^(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, 2018:

Year	Amount
2019	$	23
2020	17
2021	16
2022	16
2023	690
Thereafter	2,834
	$	3,596

Schedule of Committed Credit Facilities

At December 31, 2018, 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 2023 (a)	$	1,800	$	—	$	1,167	$	633
Other facilities (b)	1		1		—		—

__________

^(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 3.22% as of December 31, 2018.