XML 65 R49.htm IDEA: XBRL DOCUMENT v3.6.0.2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following:

 

     December 31,
2016
     December 31,
2015
 

Funding program loans from European Investment Bank:

     

0.38% due 2016, floating interest rate at Libor + 0.052%

     —          19  

1.10% due 2016, floating interest rate at Libor + 0.477%

     —          26  

1.01% due 2016, floating interest rate at Libor + 0.373%

     —          29  

2.08% due 2020, floating interest rate at Libor + 1.199%

     50        63  

2.00% due 2020, floating interest rate at Libor + 1.056%

     110        138  

0.60% due 2020, floating interest rate at Euribor + 0.917%

     53        68  

1.79% due 2021, floating interest rate at Libor + 0.525%

     150        180  

1.86% due 2021, floating interest rate at Libor + 0.572%

     144        173  

Dual tranche senior unsecured convertible bonds

     

Zero-coupon, due 2019 (Tranche A)

     564        550  

1.0% due 2021 (Tranche B)

     362        354  

Other funding program loans:

     

0.32% (weighted average), due 2017-2023, fixed interest rate

     14        4  

Other long-term loans:

     

1.95% (weighted average), due 2017, fixed interest rate

     1        4  

0.82% (weighted average), due 2018, fixed interest rate

     1        1  

0.87% (weighted average), due 2020, fixed interest rate

     2        2  

Capital leases:

     

20.80% (weighted average), due 2020, fixed interest rate

     0        1  

Total long-term debt

     1,451        1,612  
  

 

 

    

 

 

 

Less current portion

     (117      (191
  

 

 

    

 

 

 

Total long-term debt, less current portion

     1,334        1,421  
  

 

 

    

 

 

 
Long-Term Debt Denominated by Currencies

Long-term debt is denominated in the following currencies:

 

     December 31,
2016
     December 31,
2015
 

U.S. dollar

     1,380        1,533  

Euro

     71        79  
  

 

 

    

 

 

 

Total

     1,451        1,612  
  

 

 

    

 

 

 
Total Long-Term Debt Outstanding Maturities

Aggregate future maturities of total long-term debt (including current portion) at redemption value are as follows:

 

     December 31,  
     2016  

2017

     117  

2018

     115  

2019

     714  

2020

     114  

2021

     461  

Thereafter

     4  
  

 

 

 

Total

     1,525