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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following:

 

     December 31,
2018
     December 31,
2017
 

Funding program loans from European Investment Bank:

     

3.57% due 2020, floating interest rate at Libor + 1.099%

     25        38  

3.69% due 2020, floating interest rate at Libor + 1.056%

     55        83  

0.50% due 2020, floating interest rate at Euribor + 0.817%

     29        45  

3.30% due 2021, floating interest rate at Libor + 0.525%

     90        120  

3.46% due 2021, floating interest rate at Libor + 0.572%

     86        115  

0.32% due 2028, floating interest rate at Euribor + 0.589%

     292        —    

Dual tranche senior unsecured convertible bonds

     

Zero-coupon, due 2022 (Tranche A)

     681        662  

0.25% due 2024 (Tranche B)

     635        616  

Other funding program loans:

     

0.31% (weighted average), due 2018-2023, fixed interest rate

     16        20  

Other long-term loans:

     

0.41% (weighted average), due 2018, fixed interest rate

     —          1  

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

     1        1  
  

 

 

    

 

 

 

Total long-term debt

     1,910        1,701  

Less current portion

     (146      (118
  

 

 

    

 

 

 

Total long-term debt, less current portion

     1,764        1,583  
  

 

 

    

 

 

 

Long-Term Debt Denominated by Currencies

Long-term debt is denominated in the following currencies:

 

     December 31,
2018
     December 31,
2017
 

U.S. dollar

     1,572        1,634  

Euro

     338        67  
  

 

 

    

 

 

 

Total

     1,910        1,701  
  

 

 

    

 

 

 

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,
2018
 

2019

     146  

2020

     146  

2021

     91  

2022

2023

    

783

32

 

 

Thereafter

     896  
  

 

 

 

Total

     2,094