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Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
 
2016
 
2015
 
Principal
 
Carrying
 
Principal
 
Carrying
 
outstanding
 
amount
 
outstanding
 
amount
Short-term debt
$
33

 
$
33

 
$
54

 
$
54

 
 
 
 
 
 
 
 
Long-term debt
 
 
 
 
 
 
 
Senior secured borrowings:
 
 
 
 
 
 
 
Revolving credit facilities


 


 


 


Term loan facilities
 
 
 
 
 
 
 
U.S. dollar at LIBOR plus 1.75% due 2018
654

 
649

 
831

 
821

Euro at EURIBOR plus 1.75% due 20181
61

 
61

 
723

 
714

Farm credit facility at LIBOR plus 2.00% due 2019
351

 
347

 
355

 
350

Senior notes and debentures:
 
 


 
 
 
 
U.S. dollar at 6.25% due 2021
—

 
—

 
700

 
694

€650 at 4.0% due 2022
684

 
676

 
706

 
697

U. S. dollar at 4.50% due 2023
1,000

 
991

 
1,000

 
989

€600 at 2.625% due 2024
631

 
623

 
—

 
—

€600 at 3.375% due 2025
631

 
622

 
652

 
642

U.S. dollar at 4.25% due 2026
400

 
393

 
—

 
—

U.S. dollar at 7.375% due 2026
350

 
347

 
350

 
346

U.S. dollar at 7.50% due 2096
45

 
45

 
45

 
45

Other indebtedness in various currencies
 
 
 
 
 
 
 
Fixed rate with rates in 2016 from 3.94% to 8.5% due through 2036
122

 
122

 
146

 
146

Variable rate with average rates in 2016 of 2.15% due through 2018
2

 
2

 
20

 
20

Total long-term debt
4,931

 
4,878

 
5,528

 
5,464

Less: current maturities
(162
)
 
(161
)
 
(211
)
 
(209
)
Total long-term debt, less current maturities
$
4,769

 
$
4,717

 
$
5,317

 
$
5,255



(1) €58 and €665 at December 31, 2016 and 2015.
Schedule of Weighted Average Interest Rates
The weighted average interest rates were as follows: 
 
2016

 
2015

 
2014

Short-term debt
2.7
%
 
3.0
%
 
2.7
%
Revolving credit facilities
3.8
%
 
4.4
%
 
4.4
%