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Debt (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following is a summary of debt outstanding, net of unamortized issuance costs and discounts, as of June 30, 2016 and December 31, 2015, respectively:
 
June 30,
2016
 
December 31,
2015
 
 
 
 
 
(in millions)
Accounts receivable factoring
$
36

 
$

3.15%, senior notes, due 2020 (net of $4 and $4 unamortized issuance costs and $1 and $1 discount, respectively)
645

 
645

5.00%, senior notes, due 2023 (net of $8 and $9 unamortized issuance costs, respectively)
792

 
791

4.15%, senior notes, due 2024 (net of $4 and $5 unamortized issuance costs and $2 and $2 discount, respectively)
694

 
693

1.50%, Euro-denominated senior notes, due 2025 (net of $5 and $5 unamortized issuance costs and $3 and $3 discount, respectively)
767

 
757

4.25%, senior notes, due 2026 (net of $4 and $4 unamortized issuance costs, respectively)
646

 
646

Tranche A Term Loan, due 2018 (net of $1 and $1 unamortized issuance costs, respectively)
399

 
399

Capital leases and other
87

 
77

Total debt
4,066

 
4,008

Less: current portion
(97
)
 
(52
)
Long-term debt
$
3,969

 
$
3,956

Schedule of Interest Rates
Applicable Rates under the Credit Agreement on the specified dates are set forth below:
 
June 30, 2016
 
December 31, 2015
 
LIBOR plus
 
ABR plus
 
LIBOR plus
 
ABR plus
Revolving Credit Facility
1.00
%
 
0.00
%
 
1.00
%
 
0.00
%
Tranche A Term Loan
1.00
%
 
0.00
%
 
1.00
%
 
0.00
%
Schedule of Line of Credit Facilities
As of June 30, 2016, the Issuer selected the one-month LIBOR interest rate option on the Tranche A Term Loan, and the rate effective as of June 30, 2016, as detailed in the table below, was based on the Issuer's current credit rating and the Applicable Rate for the Credit Agreement:
 
 
 
Borrowings as of
 
 
 
 
 
June 30, 2016
 
Rate effective as of
 
Applicable Rate
 
(in millions)
 
June 30, 2016
Tranche A Term Loan
LIBOR plus 1.00%
 
$
400

 
1.50
%