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Debt (Tables)
 3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The Company's outstanding debt was as follows:
 
March 31, 2017
 
December 31, 2016
 
Principal
 
Carrying
 
Principal
 
Carrying
 
outstanding
 
amount
 
outstanding
 
amount
Short-term debt
$
37

 
$
37

 
$
33

 
$
33

 

 

 
 
 
 
Long-term debt

 

 
 
 
 
Senior secured borrowings:

 

 
 
 
 
Revolving credit facilities
$
354

 
$
354

 
$
—

 
$
—

Term loan facilities

 


 
 
 
 
U.S. dollar at LIBOR + 1.75% due 2018
654

 
650

 
654

 
649

€58 Euro at EURIBOR + 1.75% due 2018
62

 
62

 
61

 
61

Farm credit facility at LIBOR + 2.00% due 2019
351

 
347

 
351

 
347

Senior notes and debentures:

 

 
 
 
 
€650 at 4.0% due 2022
694

 
686

 
684

 
676

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

 
991

 
1,000

 
991

€600 at 2.625% due 2024
641

 
634

 
631

 
623

€600 at 3.375% due 2025
641

 
632

 
631

 
622

U.S. dollar at 4.25% due 2026
400

 
393

 
400

 
393

U.S. dollar at 7.375% due 2026
350

 
347

 
350

 
347

U.S. dollar at 7.50% due 2096
45

 
45

 
45

 
45

Other indebtedness in various currencies
122

 
122

 
124

 
124

Total long-term debt
5,314

 
5,263


4,931


4,878

Less current maturities
(58
)
 
(57
)
 
(162
)
 
(161
)
Total long-term debt, less current maturities
$
5,256


$
5,206


$
4,769


$
4,717