Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt

Long-term Debt

	2018		2017
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—
Term Loans:
Term Loan A		897
Previous Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans
Term Loans:
Term Loan A				1,148
Other secured debt		404
Senior Notes:
6.75%, due 2020 (€500 million)		570		594
4.875%, due 2021 (€330 million)		376		392
5.00%, due 2022		497		496
4.00%, due 2023		306		305
5.875%, due 2023		688		685
3.125%, due 2024 (€725 million)		825		849
6.375%, due 2025		295		295
5.375%, due 2025		297		297
Capital leases		45		54
Other		14		17
Total long-term debt		5,214		5,132
Less amounts due within one year		33		11
Long-term debt	$	5,181	$	5,121

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

	Principal Amount		Indicated Market Price		Fair Value
Senior Notes:
6.75%, due 2020 (€500 million)	$	571	$	108.96	$	622
4.875%, due 2021 (€330 million)		377		107.28		404
5.00%, due 2022		500		99.46		497
5.875%, due 2023		700		102.02		714
4.00%, due 2023		310		94.12		292
3.125%, due 2024 (€725 million)		828		98.88		819
6.375%, due 2025		300		100.99		303
5.375%, due 2025		300		97.08		291