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