XML 59 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Details)
$ / shares in Units, € in Millions, $ in Millions
1 Months Ended 9 Months Ended
Mar. 31, 2017
USD ($)
Nov. 30, 2016
USD ($)
Aug. 31, 2015
USD ($)
Sep. 30, 2017
USD ($)
item
Sep. 30, 2017
EUR (€)
Sep. 30, 2017
USD ($)
$ / shares
Mar. 31, 2017
EUR (€)
Mar. 31, 2017
USD ($)
Dec. 31, 2016
EUR (€)
Dec. 31, 2016
USD ($)
Nov. 30, 2016
EUR (€)
Sep. 30, 2016
USD ($)
Feb. 03, 2016
Debt Instrument                          
Total long-term debt           $ 5,426       $ 5,166   $ 5,409  
Less amounts due within one year           48       33   76  
Long-term debt           5,378       5,133   5,333  
Accounts receivable securitization                          
Short-term loans and long-term debt due within one year           243       195   262  
Fair values of fixed rate debt obligations                          
Interest charges for note repurchase premiums and related write-off of unamortized finance fees $ 17                        
New Agreement                          
Debt Instrument                          
Leverage ratio, period one                         4.50%
Leverage ratio, period two                         4.00%
Unused Credit           $ 652              
Number financial maintenance covenants | item       1                  
Accounts receivable securitization                          
Weighted average interest rate, short-term debt (as a percent)         2.57% 2.57%              
Revolving Loans                          
Debt Instrument                          
Total long-term debt           $ 200              
Term Loan A                          
Debt Instrument                          
Total long-term debt           1,202       1,395   1,516  
Face Value           1,575              
Net proceeds, after deducting debt issuance costs       $ 1,202                  
Term Loan A (279 million EUR)                          
Debt Instrument                          
Total long-term debt         € 279 308       282   303  
Net proceeds, after deducting debt issuance costs       $ 308                  
Term Loan B                          
Debt Instrument                          
Total long-term debt                       558  
Senior Notes 6.75%, due 2020 (500 million EUR)                          
Debt Instrument                          
Total long-term debt         € 500 $ 586       523   557  
Interest rate, stated percentage         6.75% 6.75%              
Fair values of fixed rate debt obligations                          
Principal Amount           $ 589              
Indicated Market Price (in dollars per share) | $ / shares           $ 118.38              
Fair Value           $ 697              
Senior Notes 4.875%, due 2021 (330 million EUR)                          
Debt Instrument                          
Total long-term debt         € 330 $ 386       345   367  
Interest rate, stated percentage         4.875% 4.875%              
Fair values of fixed rate debt obligations                          
Principal Amount           $ 389              
Indicated Market Price (in dollars per share) | $ / shares           $ 113.85              
Fair Value           $ 443              
Senior Notes 5.00%, due 2022                          
Debt Instrument                          
Total long-term debt           $ 496       495   495  
Interest rate, stated percentage         5.00% 5.00%              
Fair values of fixed rate debt obligations                          
Principal Amount           $ 500              
Indicated Market Price (in dollars per share) | $ / shares           $ 105.80              
Fair Value           $ 529              
Senior Notes 5.875%, due 2023                          
Debt Instrument                          
Total long-term debt           $ 684       682   681  
Interest rate, stated percentage     5.875%   5.875% 5.875%              
Face Value     $ 700                    
Fair values of fixed rate debt obligations                          
Principal Amount           $ 700              
Indicated Market Price (in dollars per share) | $ / shares           $ 110.65              
Fair Value           $ 775              
Senior Notes 3.125%, due 2024 (725 million EUR at September 30,2017 and 500 million EUR at December 31,2016)                          
Debt Instrument                          
Total long-term debt         € 725 $ 840     € 500 520      
Interest rate, stated percentage         3.125% 3.125% 3.125% 3.125%     3.125%    
Face Value | €             € 225       € 500    
Net proceeds, after deducting debt issuance costs $ 237 $ 520                      
Fair values of fixed rate debt obligations                          
Principal Amount           $ 854              
Indicated Market Price (in dollars per share) | $ / shares           $ 103.38              
Fair Value           $ 883              
Senior Notes, 5.375% due 2025                          
Debt Instrument                          
Total long-term debt           $ 295       294   294  
Interest rate, stated percentage         6.375% 6.375%              
Fair values of fixed rate debt obligations                          
Principal Amount           $ 300              
Indicated Market Price (in dollars per share) | $ / shares           $ 106.98              
Fair Value           $ 321              
Senior Notes 6.375%, due 2025                          
Debt Instrument                          
Total long-term debt           $ 297       297   296  
Interest rate, stated percentage     6.375%   5.375% 5.375%              
Face Value     $ 300                    
Net proceeds, after deducting debt issuance costs     $ 972                    
Fair values of fixed rate debt obligations                          
Principal Amount           $ 300              
Indicated Market Price (in dollars per share) | $ / shares           $ 113.10              
Fair Value           $ 339              
Senior Debentures 7.80%, due 2018                          
Debt Instrument                          
Total long-term debt           22       250   250  
Long-term debt           $ 22              
Interest rate, stated percentage         7.80% 7.80% 7.80% 7.80%          
Face Value               $ 228          
Fair values of fixed rate debt obligations                          
Principal Amount           $ 22              
Indicated Market Price (in dollars per share) | $ / shares           $ 103.77              
Fair Value           $ 23              
Capital leases                          
Debt Instrument                          
Total long-term debt           54       57   62  
Other debt                          
Debt Instrument                          
Total long-term debt           56       26   30  
Revolving Credit Facility | New Agreement                          
Debt Instrument                          
Total long-term debt           300              
Multicurrency Revolving Credit Facility | New Agreement                          
Debt Instrument                          
Total long-term debt           600              
Accounts Receivable Securitization Program                          
Accounts receivable securitization                          
Short-term loans and long-term debt due within one year           $ 170       $ 152   $ 158  
Weighted average interest rate, short-term debt (as a percent)         0.65% 0.65%     0.74% 0.74%   0.67%  
European Accounts Receivable Securitization Program                          
Accounts receivable securitization                          
Maximum Borrowing Capacity | €         € 185                
Parent                          
Debt Instrument                          
Long-term debt                   $ 250   $ 250  
Accounts receivable securitization                          
Short-term loans and long-term debt due within one year           $ 22              
Minimum | Secured Credit Agreement                          
Debt Instrument                          
Interest rate margin, Eurocurrency Rate loans (as a percent)         1.25% 1.25%              
Interest rate margin, Base Rate loans (as a percent)       0.25%                  
Minimum | Revolving Credit Facility                          
Debt Instrument                          
Facility fee payable (as a percent)       0.20%                  
Maximum | Secured Credit Agreement                          
Debt Instrument                          
Interest rate margin, Eurocurrency Rate loans (as a percent)         1.75% 1.75%              
Interest rate margin, Base Rate loans (as a percent)       0.75%                  
Maximum | Revolving Credit Facility                          
Debt Instrument                          
Facility fee payable (as a percent)       0.30%