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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 20241	505				504				301				301
Euro at EURIBOR plus 2.375% due 20252	—				—				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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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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