Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt

Long-term Debt

	March 31,		December 31,		March 31,
	2022		2021		2021
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	100	$	—	$	—
Term Loans:
Term Loan A		946
Previous Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans						292
Term Loans:
Term Loan A				923		1,068
Other secured debt						110
Senior Notes:
4.00%, due 2023						308
5.875%, due 2023		547		695		692
3.125%, due 2024 (€725 million)		793		826		866
6.375%, due 2025		297		297		296
5.375%, due 2025		298		298		298
2.875%, due 2025 (€500 million)		553		561		579
6.625%, due 2027		606		693		692
4.750%, due 2030		395		395
Finance leases		108		98		102
Other		4		5		6
Total long-term debt		4,647		4,791		5,309
Less amounts due within one year		26		38		141
Long-term debt	$	4,621	$	4,753	$	5,168

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

	Principal		Indicated Market
	Amount		Price		Fair Value
Senior Notes:
5.875%, due 2023	$	550	$	102.20	$	562
3.125%, due 2024 (€725 million)		809		99.83		808
6.375%, due 2025		300		101.91		306
5.375%, due 2025		300		100.21		301
2.875%, due 2025 (€500 million)		558		98.26		548
6.625%, due 2027		612		99.81		611
4.750%, due 2030		400		92.68		371