Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt

Long-term Debt

	March 31,		December 31,		March 31,
	2015		2014		2014
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	264	$	—	$	150
Term Loans:
Term Loan B	390		405		405
Term Loan C (76 million CAD at March 31, 2015)	59		70		74
Term Loan D (€85 million at March 31, 2015)	91		103		116
Senior Notes:
3.00%, Exchangeable, due 2015	18		18		621
7.375%, due 2016	597		596		594
6.75%, due 2020 (€500 million)	539		608		688
4.875%, due 2021 (€330 million)	356		401		454
5.00%, due 2022	494		494
5.375%, due 2025	296		296
Senior Debentures:
7.80%, due 2018	250		250		250
Capital Leases	66		63		38
Other	24		29		22
Total long-term debt	3,444		3,333		3,412
Less amounts due within one year	460		361		41
Long-term debt	$	2,984	$	2,972	$	3,371

Information related to accounts receivable securitization program

	March 31,			December 31,			March 31,
	2015			2014			2014
Balance (included in short-term loans)	$	171		$	122		$	253
Weighted average interest rate	1.36		%	1.41		%	1.53		%

Fair values of the Company's significant fixed rate debt obligations

			Indicated
	Principal		Market	Fair
	Amount		Price	Value
Senior Notes:
7.375%, due 2016	$	600	105.88	$	635
6.75%, due 2020 (€500 million)	539		120.91	652
4.875%, due 2021 (€330 million)	356		112.33	400
5.00%, due 2022	500		102.63	513
5.375%, due 2025	300		103.13	309
Senior Debentures:
7.80%, due 2018	250		112.56	281