Debt and Interest Costs (Tables)

9 Months Ended

Sep. 30, 2017

Debt and Interest Costs

Schedule of long-term debt

	September 30,		December 31,
($ in millions)	2017		2016
Senior Notes
5.25% due July 2025	$	1,000	$	1,000
4.375% due December 2020		1,000		1,000
4.00% due November 2023		1,000		1,000
4.375%, euro denominated, due December 2023		827		736
5.00% due March 2022		750		750
3.50%, euro denominated, due December 2020		473		421
Senior Credit Facilities, due March 2021 (at variable rates)
Term A loan, due June 2021		1,330		1,383
Term A loan, euro denominated, due June 2021		592		954
Multi-currency, U.S. dollar revolver, due March 2021		250		190
Other (including debt issuance costs)		(40)		(45)
		7,182		7,389
Less: Current portion of long-term debt		(78)		(79)
	$	7,104	$	7,310

Schedule of Debt Refinancing and Other Costs

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2017		2016		2017		2016
Debt Refinancing and Other Costs:
Interest expense on 3.5% and 4.375% senior notes	$	—	$	—	$	—	$	(49)
Refinance of bridge and revolving credit facilities		—		—		—		(30)
Economic hedge - interest rate risk		—		—		—		(20)
Amortization of unsecured, committed bridge facility financing fees		—		—		—		(7)
Individually insignificant items		—		(2)		(1)		(2)
	$	—	$	(2)	$	(1)	$	(108)