Debt (Tables)

9 Months Ended

Sep. 30, 2018

Debt

Long-term Debt

	September 30,		December 31,		September 30,
	2018		2017		2017
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	335	$	—	$	—
Term Loans:
Term Loan A		908
Previous Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans						200
Term Loans:
Term Loan A				1,148		1,202
Term Loan A (€279 million)						308
Other secured debt		329
Senior Notes:
6.75%, due 2020 (€500 million)		580		594		586
4.875%, due 2021 (€330 million)		382		392		386
5.00%, due 2022		497		496		496
4.00%, due 2023		306		305
5.875%, due 2023		687		685		684
3.125%, due 2024 (€725 million)		828		849		840
6.375%, due 2025		295		295		295
5.375%, due 2025		297		297		297
Senior Debentures:
7.80%, due 2018						22
Capital Leases		48		54		54
Other		16		17		56
Total long-term debt		5,508		5,132		5,426
Less amounts due within one year		21		11		48
Long-term debt	$	5,487	$	5,121	$	5,378

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

Fair values at September 30, 2018 of the Company’s significant fixed rate debt obligations are as follows:

	Principal		Indicated
	Amount		Market Price		Fair Value
Senior Notes:
6.75%, due 2020 (€500 million)	$	582	$	113.10	$	658
4.875%, due 2021 (€330 million)		384		111.05		426
5.00%, due 2022		500		100.93		505
5.875%, due 2023		700		103.08		722
4.00%, due 2023		310		95.57		296
3.125%, due 2024 (€725 million)		844		103.40		873
6.375%, due 2025		300		103.88		312
5.375%, due 2025		300		98.90		297