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Debt | 3 Months Ended
--- | ---
Mar. 31, 2018
Debt Disclosure [Abstract] |
Debt | Debt The Company's outstanding debt was as follows:
| March 31, 2018 |  | December 31, 2017
| Principal |  | Carrying |  | Principal |  | Carrying
| outstanding |  | amount |  | outstanding |  | amount
Short-term debt | $ | 32 |  |  | $ | 32 |  |  | $ | 62 |  |  | $ | 62 |
Long-term debt |  |  |  |  |  |  |
Senior secured borrowings: |  |  |  |  |  |  |
Revolving credit facilities | $ | 749 |  |  | $ | 749 |  |  | $ | 122 |  |  | $ | 122 |
Term loan facilities |  |  |  |  |  |  |  |
U.S. dollar at LIBOR + 1.50% due 2022 | 736 |  |  | 730 |  |  | 741 |  |  | 735 |
Euro at EURIBOR + 1.50% due 2022 1 | 330 |  |  | 330 |  |  | 324 |  |  | 324 |
Senior notes and debentures: |  |  |  |  |  |  |
€650 at 4.0% due 2022 | 801 |  |  | 795 |  |  | 781 |  |  | 774 |
U. S. dollar at 4.50% due 2023 | 1,000 |  |  | 992 |  |  | 1,000 |  |  | 992 |
€335 at 2.250% due 2023 | 413 |  |  | 407 |  |  | — |  |  | — |
€600 at 2.625% due 2024 | 739 |  |  | 732 |  |  | 720 |  |  | 713 |
€600 at 3.375% due 2025 | 739 |  |  | 730 |  |  | 720 |  |  | 711 |
U.S. dollar at 4.25% due 2026 | 400 |  |  | 393 |  |  | 400 |  |  | 393 |
U.S. dollar at 4.75% due 2026 | 875 |  |  | 863 |  |  | — |  |  | — |
U.S. dollar at 7.375% due 2026 | 350 |  |  | 347 |  |  | 350 |  |  | 347 |
€500 at 2.875% due 2026 | 616 |  |  | 608 |  |  | — |  |  | — |
U.S. dollar at 7.50% due 2096 | 40 |  |  | 40 |  |  | 40 |  |  | 40 |
Other indebtedness in various currencies | 94 |  |  | 94 |  |  | 101 |  |  | 101 |
Capital lease obligations | 29 |  |  | 29 |  |  | 29 |  |  | 29 |
Total long-term debt | 7,911 |  |  | 7,839 |  |  | 5,328 |  |  | 5,281 |
Less current maturities | (61 | ) |  | (61 | ) |  | (64 | ) |  | (64 | )
Total long-term debt, less current maturities | $ | 7,850 |  |  | $ | 7,778 |  |  | $ | 5,264 |  |  | $ | 5,217 |
(1) €268 and €270 at March 31, 2018 and December 31, 2017. The estimated fair value of the Company’s long-term borrowings, using a market approach incorporating Level 2 inputs such as quoted market prices for the same or similar issues, was $7,993 at March 31, 2018 and $5,562 at December 31, 2017. In January 2018, the Company amended its revolving credit agreements, effective as of April 2018, to provide capacity of $1,650 under the revolving credit facility upon completion of the Signode acquisition and extend the timetable for compliance with total leverage ratios. In January 2018, the Company issued $875 principal amount of 4.750% senior unsecured notes due 2026. The notes were issued at par by Crown Americas LLC, a subsidiary of the Company, and are unconditionally guaranteed by the Company and certain of its subsidiaries. In January 2018, the Company also issued €500 ($616 at March 31, 2018) principal amount of 2.875% senior unsecured notes due 2026 and €335 ($413 at March 31, 2018) principal amount of 2.250% senior unsecured notes due 2023. The notes were issued at par by Crown European Holdings S.A., a subsidiary of the Company and are unconditionally guaranteed by the Company and certain of its subsidiaries. In April 2018, the Company borrowed $100 Term A loans and $1,150 Term B loans under its U.S. dollar term loan facility and €750 ($924 at March 31, 2018) additional Term B loans under its European term loan facility. The Term B loans mature on April 3, 2025 and interest rates are based on LIBOR or EURIBOR plus a margin of 1.00% up to 2.375%.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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