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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt  
Long-term Debt

    

2020

    

2019

 

Secured Credit Agreement:

Revolving Credit Facility:

Revolving Loans

$

$

Term Loans:

Term Loan A

1,067

 

1,477

Other secured debt

99

333

Senior Notes:

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

 

132

5.00%, due 2022

497

4.00%, due 2023

307

307

5.875%, due 2023

692

689

3.125%, due 2024 (€725 million)

914

824

6.375%, due 2025

296

295

5.375%, due 2025

298

297

2.875%, due 2025 (€500 million)

607

552

6.625%, due 2027

692

Finance leases

108

70

Other

 

7

 

11

Total long-term debt

 

5,087

 

5,484

Less amounts due within one year

 

142

 

49

Long-term debt

$

4,945

$

5,435

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

    

Principal Amount

    

Indicated Market Price

    

Fair Value

Senior Notes:

4.00%, due 2023

$

310

 

$

102.51

$

318

5.875%, due 2023

 

700

 

107.57

 

753

3.125%, due 2024 (€725 million)

891

103.42

921

6.375%, due 2025

300

111.61

335

5.375%, due 2025

300

107.80

323

2.875%, due 2025 (€500 million)

614

102.01

626

6.625%, due 2027

700

108.78

761