Financing Agreements (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Long-term debt at —

	Interest Rate		9/30/2019			December 31, 2018
Senior Notes due September 15, 2023	6.000%		$	300		$	300
Senior Notes due December 15, 2024	5.500%		425			425
Senior Notes due April 15, 2025	5.750%	*	400			400
Senior Notes due June 1, 2026	6.500%	*	375			375
Term Facility A			474			265
Term Facility B			349
Other indebtedness			63			28
Debt issuance costs			(27		)	(18		)
			2,359			1,775
Less: Current portion of long-term debt			13			20
Long-term debt, less debt issuance costs			$	2,346		$	1,755

*

In conjunction with the issuance of the April 2025 Notes we entered into 8-year fixed-to-fixed cross-currency swaps which have the effect of economically converting the April 2025 Notes to euro-denominated debt at a fixed rate of 3.850%. In conjunction with the issuance of the June 2026 Notes we entered into 10-year fixed-to-fixed cross-currency swaps which have the effect of economically converting the June 2026 Notes to euro-denominated debt at a fixed rate of 5.140%. See Note 15 for additional information.

Schedule of Term A Facility and Revolving Facility Margin Arrangements [Table Text Block]

Advances under the Term A Facility and the Revolving Facility bear interest at a floating rate based on, at our option, the base rate or Eurodollar rate (each as described in the credit agreement) plus a margin as set forth below:

	Margin
Total Net Leverage Ratio	Base Rate		Eurodollar Rate
Less than or equal to 1.00:1.00	0.25	%	1.25	%
Greater than 1.00:1.00 but less than or equal to 2.00:1.00	0.50	%	1.50	%
Greater than 2.00:1.00	0.75	%	1.75	%

Schedule of Revolving Facility Commitment Fee Arrangements [Table Text Block]

Commitment fees are applied based on the average daily unused portion of the available amounts under the Revolving Facility as set forth below:

Total Net Leverage Ratio	Commitment Fee
Less than or equal to 1.00:1.00	0.250	%
Greater than 1.00:1.00 but less than or equal to 2.00:1.00	0.375	%
Greater than 2.00:1.00	0.500	%