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Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Debt Disclosure [Abstract] |
Summary of Outstanding Debt |
| 2019 |  | 2018
| Principal |  | Carrying |  | Principal |  | Carrying
| outstanding |  | amount |  | outstanding |  | amount
Short-term debt | $ | 75 |  |  | $ | 75 |  |  | $ | 89 |  |  | $ | 89 |
Long-term debt |  |  |  |  |  |  |
Senior secured borrowings: |  |  |  |  |  |  |
Term loan facilities |  |  |  |  |  |  |
U.S. dollar at LIBOR plus 1.5% due 2024 | 1,100 |  |  | 1,094 |  |  | 815 |  |  | 810 |
U.S. dollar at LIBOR plus 2.00% due 2025 | — |  |  | — |  |  | 887 |  |  | 864 |
Euro at EURIBOR plus 1.5% due 2024 1 | 505 |  |  | 504 |  |  | 301 |  |  | 301 |
Euro at EURIBOR plus 2.375% due 2025 2 | — |  |  | — |  |  | 855 |  |  | 846 |
Senior notes and debentures: |  |  |  |  |  |  |  |
€650 at 4.0% due 2022 | 729 |  |  | 725 |  |  | 745 |  |  | 740 |
U. S. dollar at 4.50% due 2023 | 1,000 |  |  | 995 |  |  | 1,000 |  |  | 993 |
€335 at 2.25% due 2023 | 376 |  |  | 372 |  |  | 384 |  |  | 380 |
€550 at 0.75% due 2023 | 617 |  |  | 610 |  |  | — |  |  | — |
€600 at 2.625% due 2024 | 673 |  |  | 668 |  |  | 688 |  |  | 682 |
€600 at 3.375% due 2025 | 673 |  |  | 667 |  |  | 688 |  |  | 681 |
U.S. dollar at 4.25% due 2026 | 400 |  |  | 395 |  |  | 400 |  |  | 394 |
U.S. dollar at 4.75% due 2026 | 875 |  |  | 863 |  |  | 875 |  |  | 863 |
U.S. dollar at 7.375% due 2026 | 350 |  |  | 348 |  |  | 350 |  |  | 348 |
€500 at 2.875% due 2026 | 561 |  |  | 554 |  |  | 573 |  |  | 566 |
U.S. dollar at 7.50% due 2096 | 40 |  |  | 40 |  |  | 40 |  |  | 40 |
Other indebtedness in various currencies: |  |  |  |  |  |  |
Fixed rate with rates in 2019 from 4.0% to 7.5% due through 2036 | 39 |  |  | 39 |  |  | 62 |  |  | 62 |
Variable rate with average rates in 2019 from 2.6% to 4.3% due through 2025 | 6 |  |  | 6 |  |  | 4 |  |  | 4 |
Total long-term debt | 7,944 |  |  | 7,880 |  |  | 8,667 |  |  | 8,574 |
Less: current maturities | (62 | ) |  | (62 | ) |  | (81 | ) |  | (81 | )
Total long-term debt, less current maturities | $ | 7,882 |  |  | $ | 7,818 |  |  | $ | 8,586 |  |  | $ | 8,493 |
(1) €450 and €263 at December 31, 2019 and 2018 (2) €746 at December 31, 2018
Schedule of Weighted Average Interest Rates | The weighted average interest rates were as follows:
| 2019 |  |  | 2018 |  |  | 2017 |
Short-term debt | 2.6 | % |  | 1.0 | % |  | 1.4 | %
Revolving credit facilities | 3.8 | % |  | 3.2 | % |  | 3.3 | %

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