Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt

Long-term Debt

	March 31,		December 31,		March 31,
	2023		2022		2022
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—	$	100
Term Loans:
Term Loan A		1,426		1,426		946
Senior Notes:
5.875%, due 2023		250		249		547
3.125%, due 2024 (€725 million)		754		731		793
6.375%, due 2025		298		298		297
5.375%, due 2025		299		299		298
2.875%, due 2025 (€500 million)		542		529		553
6.625%, due 2027		607		607		606
4.750%, due 2030		396		396		395
Finance leases		147		132		108
Other		4		4		4
Total long-term debt		4,723		4,671		4,647
Less amounts due within one year		301		300		26
Long-term debt	$	4,422	$	4,371	$	4,621

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	$	99.99	$	250
3.125%, due 2024 (€725 million)		790		97.99		774
6.375%, due 2025		300		100.75		302
5.375%, due 2025		300		98.57		296
2.875%, due 2025 (€500 million)		545		97.69		532
6.625%, due 2027		612		99.85		611
4.750% due 2030		400		91.66		367