Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt

Long-term Debt

	September 30,		December 31,		September 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:
3.125%, due 2024 (€58 million)		65		63		60
6.375%, due 2025				299		298
5.375%, due 2025		17		17		17
2.875%, due 2025 (€176 million at September 30, 2024, €500 million at December 31, 2023 and September 30, 2023)		197		551		527
6.625%, due 2027		609		608		608
6.250%, due 2028 (€600 million)		663		656		627
5.250%, due 2029 (€500 million)		551
4.750%, due 2030		397		396		396
7.250%, due 2031		682		682		681
7.375%, due 2032		296
Finance leases		198		174		164
Other		1		3		2
Total long-term debt		5,068		4,840		4,807
Less amounts due within one year		359		142		53
Long-term debt	$	4,709	$	4,698	$	4,754

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)	$	65		99.92	$	65
5.375%, due 2025		17		99.86		17
2.875%, due 2025 (€176 million)		197		99.57		196
6.625%, due 2027		612		100.55		615
6.250%, due 2028 (€600 million)		670		104.32		699
5.250%, due 2029 (€500 million)		558		102.27		571
4.750%, due 2030		400		94.53		378
7.250%, due 2031		690		102.83		710
7.375%, due 2032		300		102.14		306