Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt

Long-term Debt

	2024		2023
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—
Term Loans:
Term Loan A		1,338		1,391
Senior Notes:
3.125%, due 2024 (€58 million at December 31, 2023 )				63
6.375%, due 2025				299
5.375%, due 2025		17		17
2.875%, due 2025 (€176 million at December 31, 2024 and €500 million at December 31, 2023)		183		551
6.625%, due 2027		609		608
6.250%, due 2028 (€600 million)		619		656
5.250%, due 2029 (€500 million)		514
4.750%, due 2030		397		396
7.250%, due 2031		683		682
7.375%, due 2032		296
Finance leases		195		174
Other		8		3
Total long-term debt		4,859		4,840
Less amounts due within one year		306		142
Long-term debt	$	4,553	$	4,698

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

	Principal Amount		Indicated Market Price		Fair Value
Senior Notes:
5.375%, due 2025	$	17		100.02	$	17
2.875%, due 2025 (€176 million at December 31, 2024)		184		99.49		183
6.625%, due 2027		612		99.87		611
6.250%, due 2028 (€600 million)		624		103.94		649
5.250%, due 2029 (€500 million)		520		102.26		532
4.750%, due 2030		400		89.30		357
7.250%, due 2031		690		97.34		672
7.375%, due 2032		300		95.75		287