Debt (Tables)-K

12 Months Ended

Dec. 31, 2015

Debt

Long-term Debt

	2015		2014
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—
Term Loans:
Term Loan A		1,546
Term Loan A (€279 million at December 31, 2015)		301
Term Loan B		563
Previous Secured Credit Agreement:
Term Loans:
Term Loan B (USD tranche)				404
Term Loan C (CAD tranche)				70
Term Loan D (EUR tranche)				103
Senior Notes:
3.00%, Exchangeable, due 2015				18
7.375%, due 2016				594
6.75%, due 2020 (€500 million)		542		603
4.875%, due 2021 (€330 million)		357		397
5.00%, due 2022		494		493
5.875%, due 2023		680
5.375%, due 2025		296		295
6.375%, due 2025		293
Senior Debentures:
7.80%, due 2018		250		249
Capital Leases		62		63
Other		29		29
Total long-term debt		5,413		3,318
Less amounts due within one year		68		361
Long-term debt	$	5,345	$	2,957

Information related to accounts receivable securitization program

	2015			2014
Balance (included in short-term loans)	$	158		$	122
Weighted average interest rate		1.21	%		1.41	%

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

	Principal		Indicated
	Amount		Market Price		Fair Value
Senior Notes:
6.75%, due 2020 (€500 million)	$	547	$	116.75	$	639
4.875%, due 2021 (€330 million)		361		109.19		394
5.00%, due 2022		500		98.25		491
5.875%, due 2023		700		101.00		707
5.375%, due 2025		300		101.50		305
6.375%, due 2025		300		97.50		293
Senior Debentures:
7.80%, due 2018		250		110.90		277