Long-term Debt and Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table provides contractual maturities of the Company’s corporate debt at December 31, 2019:

Year	Amount
2020	$	19
2021	17
2022	16
2023	216
2024	701
Thereafter	2,505
	$	3,474

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt and other borrowing arrangements consisted of:

	Maturity Date	As of December 31,
		2019			2018
5½% Senior Notes	April 2023	200			675
6⅜% Senior Notes	April 2024	350			350
4⅛% euro-denominated Senior Notes	November 2024	336			344
Floating Rate Term Loan (a)	February 2025	1,112			1,123
5¼% Senior Notes	March 2025	375			375
4½% euro-denominated Senior Notes	May 2025	280			287
4¾% euro-denominated Senior Notes	January 2026	393			401
5¾% Senior Notes	July 2027	400			—
Other (b)		28			41
Deferred financing fees		(39		)	(45		)
Total		3,435			3,551
Less: Short-term debt and current portion of long-term debt		19			23
Long-term debt		$	3,416		$	3,528

__________

^(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 finance leases which are secured by liens on the related assets.

Schedule of Line of Credit Facilities [Table Text Block]

At December 31, 2019, 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	$	—	$	1,081	$	719

__________

^(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.  

In February 2018, the Company amended the terms of its Senior revolving credit facility maturing 2021 and extended its maturity to 2023.

At December 31, 2018, the Company had various uncommitted credit facilities available, which bear interest at rates of 0.74% to 6.60%, under which it had drawn approximately $1 million.