Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt

Long-term Debt

	2022		2021
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—
Term Loans:
Term Loan A		1,426
Previous Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans
Term Loans:
Term Loan A				923
Senior Notes:
5.875%, due 2023		249		695
3.125%, due 2024 (€725 million)		731		826
6.375%, due 2025		298		297
5.375%, due 2025		299		298
2.875%, due 2025 (€500 million)		529		561
6.625%, due 2027		607		693
4.750%, due 2030		396		395
Finance leases		132		98
Other		4		5
Total long-term debt		4,671		4,791
Less amounts due within one year		300		38
Long-term debt	$	4,371	$	4,753

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

	Principal Amount		Indicated Market Price		Fair Value
Senior Notes:
5.875%, due 2023	$	250	$	99.78	$	249
3.125%, due 2024 (€725 million)		772		97.38		752
6.375%, due 2025		300		97.79		293
5.375%, due 2025		300		96.93		291
2.875%, due 2025 (€500 million)		533		96.51		514
6.625%, due 2027		612		97.80		599
4.750% due 2030		400		87.73		351