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Debt (Tables)
 6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The Company's outstanding debt was as follows:
 
June 30, 2017
 
December 31, 2016
 
Principal
 
Carrying
 
Principal
 
Carrying
 
outstanding
 
amount
 
outstanding
 
amount
Short-term debt
$
39

 
$
39

 
$
33

 
$
33

 

 

 
 
 
 
Long-term debt

 

 
 
 
 
Senior secured borrowings:

 

 
 
 
 
Revolving credit facilities
$
274

 
$
274

 
$
—

 
$
—

Term loan facilities

 


 
 
 
 
U.S. dollar at LIBOR + 1.75% due 2022
745

 
738

 
654

 
649

Euro at EURIBOR + 1.75% due 20221
312

 
312

 
61

 
61

Farm credit facility at LIBOR + 2.00% due 2019
—

 
—

 
351

 
347

Senior notes and debentures:

 

 
 
 
 
€650 at 4.0% due 2022
742

 
735

 
684

 
676

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

 
991

 
1,000

 
991

€600 at 2.625% due 2024
685

 
678

 
631

 
623

€600 at 3.375% due 2025
685

 
676

 
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
117

 
117

 
124

 
124

Capital lease obligations
14

 
14

 
—

 
—

Total long-term debt
5,369

 
5,320


4,931


4,878

Less current maturities
(58
)
 
(58
)
 
(162
)
 
(161
)
Total long-term debt, less current maturities
$
5,311


$
5,262


$
4,769


$
4,717



(1) €273 and €58 at June 30, 2017 and December 31, 2016.