Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt

Long-term Debt

	September 30,		December 31,		September 30,
	2022		2021		2021
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—	$	—
Term Loans:
Term Loan A		1,444
Previous Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans
Term Loans:
Term Loan A				923		1,068
Other secured debt
Senior Notes:
4.00%, due 2023						308
5.875%, due 2023		249		695		694
3.125%, due 2024 (€725 million)		674		826		854
6.375%, due 2025		298		297		297
5.375%, due 2025		299		298		298
2.875%, due 2025 (€500 million)		487		561		574
6.625%, due 2027		606		693		693
4.750%, due 2030		396		395
Finance leases		103		98		99
Other		4		5		5
Total long-term debt		4,560		4,791		4,890
Less amounts due within one year		280		38		37
Long-term debt	$	4,280	$	4,753	$	4,853

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

	Principal		Indicated Market
	Amount		Price		Fair Value
Senior Notes:
5.875%, due 2023	$	250	$	99.61	$	249
3.125%, due 2024 (€725 million)		711		93.17		662
6.375%, due 2025		300		94.40		283
5.375%, due 2025		300		92.89		279
2.875%, due 2025 (€500 million)		490		90.16		442
6.625%, due 2027		612		90.45		554
4.750% due 2030		400		79.94		320