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Debt (Tables)
3 Months Ended
Mar. 31, 2024
Debt  
Long-term Debt

March 31,

December 31,

March 31,

    

2024

    

2023

    

2023

Secured Credit Agreement:

Revolving Credit Facility:

Revolving Loans

$

$

$

Term Loans:

Term Loan A

1,391

1,391

1,426

Senior Notes:

5.875%, due 2023

250

3.125%, due 2024 (€58 million at March 31, 2024 and December 31, 2023 and €725 million at March 31, 2023)

62

63

754

6.375%, due 2025

299

299

298

5.375%, due 2025

17

17

299

2.875%, due 2025 (€500 million)

537

551

542

6.625%, due 2027

608

608

607

6.250%, due 2028 (€600 million)

640

656

4.750%, due 2030

396

396

396

7.250%, due 2031

682

682

Finance leases

181

174

147

Other

 

2

3

4

Total long-term debt

 

4,815

 

4,840

4,723

Less amounts due within one year

 

696

142

301

Long-term debt

$

4,119

$

4,698

$

4,422

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

Principal

Indicated Market

    

Amount

    

Price

    

Fair Value

Senior Notes:

3.125%, due 2024 (€58 million)

$

63

99.94

$

63

6.375%, due 2025

300

100.52

302

5.375%, due 2025

17

100.37

17

2.875%, due 2025 (€500 million)

539

98.79

532

6.625%, due 2027

612

100.13

613

6.250%, due 2028 (€600 million)

647

104.49

676

4.750%, due 2030

400

92.01

368

7.250%, due 2031

690

101.92

703