Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt

Long-term Debt

	June 30,		December 31,		June 30,
	2023		2022		2022
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—	$	—
Term Loans:
Term Loan A		1,427		1,426		946
Senior Notes:
5.875%, due 2023		108		249		547
3.125%, due 2024 (€725 million)		61		731		734
6.375%, due 2025		298		298		297
5.375%, due 2025		17		299		299
2.875%, due 2025 (€500 million)		541		529		519
6.625%, due 2027		607		607		606
6.250%, due 2028 (€600 million)		645
4.750%, due 2030		396		396		395
7.250%, due 2031		679
Finance leases		157		132		105
Other		3		4		4
Total long-term debt		4,939		4,671		4,452
Less amounts due within one year		161		300		25
Long-term debt	$	4,778	$	4,371	$	4,427

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

	Principal		Indicated Market
	Amount		Price		Fair Value
Senior Notes:
5.875%, due 2023	$	108	$	99.91	$	108
3.125%, due 2024 (€725 million)		63		99.37		63
6.375%, due 2025		300		100.28		301
5.375%, due 2025		17		100.68		17
2.875%, due 2025 (€500 million)		544		97.72		532
6.625%, due 2027		612		99.42		608
6.250%, due 2028 (€600 million)		652		102.34		667
4.750%, due 2030		400		90.26		361
7.250%, due 2031		690		101.19		698