Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt

Long-term debt

	March 31,		December 31,		March 31,
	2019		2018		2018
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	553	$	—	$	—
Term Loans:
Term Loan A		897		897
Previous Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans						462
Term Loans:
Term Loan A						1,149
Other secured debt		504		404
Senior Notes:
6.75%, due 2020 (€500 million)		560		570		613
4.875%, due 2021 (€330 million)		369		376		404
5.00%, due 2022		497		497		496
4.00%, due 2023		307		306		305
5.875%, due 2023		688		688		686
3.125%, due 2024 (€725 million)		824		825		872
6.375%, due 2025		296		295		295
5.375%, due 2025		298		297		297
Finance Leases		43		45		53
Other		18		14		19
Total long-term debt		5,854		5,214		5,651
Less amounts due within one year		34		33		11
Long-term debt	$	5,820	$	5,181	$	5,640

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

	Principal		Indicated
	Amount		Market Price		Fair Value
Senior Notes:
6.75%, due 2020 (€500 million)	$	562	$	109.50	$	615
4.875%, due 2021 (€330 million)		371		109.09		405
5.00%, due 2022		500		102.64		513
5.875%, due 2023		700		104.88		734
4.00%, due 2023		310		105.36		327
3.125%, due 2024 (€725 million)		814		98.51		802
6.375%, due 2025		300		105.88		318
5.375%, due 2025		300		101.97		306