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Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Summary of Outstanding Debt

	2018								2017
	Principal				Carrying				Principal				Carrying
	outstanding				amount				outstanding				amount
Short-term debt	$	89			$	89			$	62			$	62
Long-term debt
Senior secured borrowings:
Revolving credit facilities	—				—				122				122
Term loan facilities
U.S. dollar at LIBOR plus 1.75% due 2022	815				810				741				735
U.S. dollar at LIBOR plus 2.00% due 2025	887				864				—				—
Euro at EURIBOR plus 1.75% due 20221	301				301				324				324
Euro at EURIBOR plus 2.375% due 20252	855				846				—				—
Senior notes and debentures:
€650 at 4.0% due 2022	745				740				781				774
U. S. dollar at 4.50% due 2023	1,000				993				1,000				992
€335 at 2.25% due 2023	384				380				—				—
€600 at 2.625% due 2024	688				682				720				713
€600 at 3.375% due 2025	688				681				720				711
U.S. dollar at 4.25% due 2026	400				394				400				393
U.S. dollar at 4.75% due 2026	875				863				—				—
U.S. dollar at 7.375% due 2026	350				348				350				347
€500 at 2.875% due 2026	573				566				—				—
U.S. dollar at 7.50% due 2096	40				40				40				40
Other indebtedness in various currencies:
Fixed rate with rates in 2018 from 4.0% to 7.5% due through 2036	62				62				96				96
Variable rate with average rates in 2018 of 4.3% due through 2022	4				4				5				5
Capital lease obligations	29				29				29				29
Total long-term debt	8,696				8,603				5,328				5,281
Less: current maturities	(86		)		(86		)		(64		)		(64		)
Total long-term debt, less current maturities	$	8,610			$	8,517			$	5,264			$	5,217

(1) €263 and €270 at December 31, 2018 and 2017

(2) €746 at December 31, 2018

Schedule of Weighted Average Interest Rates

The weighted average interest rates were as follows:

	2018			2017			2016
Short-term debt	1.4	%		1.4	%		2.7	%
Revolving credit facilities	3.2	%		3.3	%		3.8	%

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Schedule of weighted average interest rates [Table Text Block]

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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.

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