Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt

Long-term Debt

	September 30,		December 31,		September 30,
	2021		2020		2020
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—	$	195
Term Loans:
Term Loan A		1,068		1,067		1,157
Other secured debt				99		109
Senior Notes:
4.00%, due 2023		308		307		307
5.875%, due 2023		694		692		691
3.125%, due 2024 (€725 million)		854		914		873
6.375%, due 2025		297		296		296
5.375%, due 2025		298		298		298
2.875%, due 2025 (€500 million)		574		607		579
6.625%, due 2027		693		692		691
Finance leases		99		108		94
Other		5		7		6
Total long-term debt		4,890		5,087		5,296
Less amounts due within one year		37		142		133
Long-term debt	$	4,853	$	4,945	$	5,163

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

	Principal		Indicated Market
	Amount		Price Per $		Fair Value
Senior Notes:
5.875%, due 2023	$	700	$	106.00	$	742
4.00%, due 2023		310		102.57		318
3.125%, due 2024 (€725 million)		841		103.53		871
6.375%, due 2025		300		110.86		333
5.375%, due 2025		300		107.11		321
2.875%, due 2025 (€500 million)		580		101.56		589
6.625%, due 2027		700		107.40		752