Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt

Long-term Debt

	June 30,		December 31,		June 30,
	2024		2023		2023
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—	$	—
Term Loans:
Term Loan A		1,392		1,391		1,427
Senior Notes:
5.875%, due 2023						108
3.125%, due 2024 (€58 million)		62		63		61
6.375%, due 2025				299		298
5.375%, due 2025		17		17		17
2.875%, due 2025 (€176 million at June 30, 2024, €500 million at December 31, 2023 and June 30, 2023)		188		551		541
6.625%, due 2027		609		608		607
6.250%, due 2028 (€600 million)		635		656		645
5.250%, due 2029 (€500 million)		527
4.750%, due 2030		397		396		396
7.250%, due 2031		682		682		679
7.375%, due 2032		296
Finance leases		189		174		157
Other		1		3		3
Total long-term debt		4,995		4,840		4,939
Less amounts due within one year		347		142		161
Long-term debt	$	4,648	$	4,698	$	4,778

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)	$	62		99.70	$	62
5.375%, due 2025		17		99.91		17
2.875%, due 2025 (€176 million)		188		99.08		186
6.625%, due 2027		612		99.88		611
6.250%, due 2028 (€600 million)		641		103.51		663
5.250%, due 2029 (€500 million)		534		100.51		537
4.750%, due 2030		400		91.42		366
7.250%, due 2031		690		100.05		690
7.375%, due 2032		300		100.08		300