Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt

Long-term Debt

	June 30,		December 31,		June 30,
	2022		2021		2021
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—	$	—
Term Loans:
Term Loan A		946
Previous Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans						83
Term Loans:
Term Loan A				923		1,068
Other secured debt
Senior Notes:
4.00%, due 2023						308
5.875%, due 2023		547		695		693
3.125%, due 2024 (€725 million)		734		826		878
6.375%, due 2025		297		297		297
5.375%, due 2025		299		298		298
2.875%, due 2025 (€500 million)		519		561		589
6.625%, due 2027		606		693		692
4.750%, due 2030		395		395
Finance leases		105		98		105
Other		4		5		6
Total long-term debt		4,452		4,791		5,017
Less amounts due within one year		25		38		40
Long-term debt	$	4,427	$	4,753	$	4,977

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	$	99.12	$	545
3.125%, due 2024 (€725 million)		758		94.66		718
6.375%, due 2025		300		95.50		287
5.375%, due 2025		300		94.57		284
2.875%, due 2025 (€500 million)		523		90.97		476
6.625%, due 2027		612		93.65		573
4.750% due 2030		400		84.86		339