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Debt (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The following table summarizes the Company’s debt:
|  | December 31, 2018 |  | December 31, 2017
(In millions) |  | Principal Balance |  | Carrying Value |  | Principal Balance |  | Carrying Value
ABL facility |  | $ | — |  |  | $ | — |  |  | $ | 100 |  |  | $ | 100 |
Term loan facility |  | 1,503 |  |  | 1,474 |  |  | 1,494 |  |  | 1,456 |
6.125% Senior Notes due 2023 |  | 535 |  |  | 529 |  |  | 535 |  |  | 528 |
6.50% Senior Notes due 2022 |  | 1,200 |  |  | 1,190 |  |  | 1,600 |  |  | 1,583 |
6.70% Senior Debentures due 2034 |  | 300 |  |  | 205 |  |  | 300 |  |  | 203 |
Trade securitization program |  | 283 |  |  | 281 |  |  | 303 |  |  | 299 |
Unsecured credit facility |  | 250 |  |  | 246 |  |  | — |  |  | — |
Asset financing and other |  | 55 |  |  | 55 |  |  | 104 |  |  | 105 |
Capital leases for equipment |  | 289 |  |  | 289 |  |  | 248 |  |  | 248 |
Total debt |  | 4,415 |  |  | 4,269 |  |  | 4,684 |  |  | 4,522 |
Short-term borrowings and current maturities of long-term debt |  | 371 |  |  | 367 |  |  | 104 |  |  | 104 |
Long-term debt |  | $ | 4,044 |  |  | $ | 3,902 |  |  | $ | 4,580 |  |  | $ | 4,418 |
Schedule of Maturities of Long-term Debt | The following table outlines the Company’s principal payment obligations on debt (excluding capital leases) for the next five years and thereafter:
(In millions) |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter
Principal payments on debt |  | $ | 322 |  |  | $ | 259 |  |  | $ | 3 |  |  | $ | 1,201 |  |  | $ | 536 |  |  | $ | 1,805 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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