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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt  
Long-term Debt

    

2019

    

2018

 

Secured Credit Agreement:

Revolving Credit Facility:

Revolving Loans

$

$

Term Loans:

Term Loan A

1,477

 

Previous Secured Credit Agreement:

 

Revolving Credit Facility:

Revolving Loans

Term Loans:

Term Loan A

897

Other secured debt

333

404

Senior Notes:

6.75%, due 2020 (€500 million)

 

 

570

4.875%, due 2021 (€118 million at December 31, 2019 and €330 million at December 31, 2018)

 

132

376

5.00%, due 2022

497

497

4.00%, due 2023

307

306

5.875%, due 2023

689

688

3.125%, due 2024 (€725 million)

824

825

6.375%, due 2025

295

295

5.375%, due 2025

297

297

2.875%, due 2025 (€500 million)

552

Finance leases

70

45

Other

 

11

 

14

Total long-term debt

 

5,484

 

5,214

Less amounts due within one year

 

49

 

33

Long-term debt

$

5,435

$

5,181

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

 

    

Principal Amount

    

Indicated Market Price

    

Fair Value

 

Senior Notes:

4.875%, due 2021 (€118 million)

$

132

 

$

106.10

$

140

5.00%, due 2022

 

500

 

103.86

 

519

5.875%, due 2023

700

107.11

750

4.00%, due 2023

310

101.45

314

3.125%, due 2024 (€725 million)

812

106.72

867

6.375%, due 2025

300

109.67

329

5.375%, due 2025

300

104.09

312

2.875%, due 2025 (€500 million)

560

103.85

582