Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt

Long-term Debt

	September 30,		December 31,		September 30,
	2014		2013		2013
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	60	$	—	$	—
Term Loans:
Term Loan B	405		405		450
Term Loan C (81 million CAD at September 30, 2014)	73		76		79
Term Loan D (€85 million at September 30, 2014)	108		117		133
Senior Notes:
3.00%, Exchangeable, due 2015	616		617		612
7.375%, due 2016	595		593		592
6.75%, due 2020 (€500 million)	635		690		675
4.875%, due 2021 (€330 million)	419		455		446
Payable to OI Inc.	250		250		250
Other	80		58		79
Total long-term debt	3,241		3,261		3,316
Less amounts due within one year	807		16		18
Long-term debt	$	2,434	$	3,245	$	3,298

Information related to accounts receivable securitization program

	September 30,			December 31,			September 30,
	2014			2013			2013
Balance (included in short-term loans)	$	242		$	276		$	287
Weighted average interest rate	0.57		%	1.41		%	1.23		%

Fair values at June 30, 2014 of the entity's significant fixed rate debt obligations

			Indicated
	Principal		Market		Fair
	Amount		Price		Value
Senior Notes:
3.00%, Exchangeable, due 2015	$	629	$	101.00	$	635
7.375%, due 2016	600		107.50		645
6.75%, due 2020 (€500 million)	635		117.05		743
4.875%, due 2021 (€330 million)	419		107.62		451