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Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Summary of Outstanding Debt |
| 2020 |  | 2019
| Principal |  | Carrying |  | Principal |  | Carrying
| outstanding |  | amount |  | outstanding |  | amount
Short-term debt | $ | 121 |  |  | $ | 121 |  |  | $ | 75 |  |  | $ | 75 |
Long-term debt |  |  |  |  |  |  |
Senior secured borrowings: |  |  |  |  |  |  |
Term loan facilities |  |  |  |  |  |  |
U.S. dollar at LIBOR plus 1.5% due 2024 | 1,029 |  |  | 1,023 |  |  | 1,100 |  |  | 1,094 |
Euro at EURIBOR plus 1.5% due 2024 1 | 387 |  |  | 387 |  |  | 505 |  |  | 504 |
Senior notes and debentures: |  |  |  |  |  |  |
€650 at 4.0% due 2022 | 794 |  |  | 791 |  |  | 729 |  |  | 725 |
U. S. dollar at 4.50% due 2023 | 1,000 |  |  | 997 |  |  | 1,000 |  |  | 995 |
€335 at 2.25% due 2023 | 409 |  |  | 407 |  |  | 376 |  |  | 372 |
€550 at 0.75% due 2023 | 671 |  |  | 666 |  |  | 617 |  |  | 610 |
€600 at 2.625% due 2024 | 733 |  |  | 729 |  |  | 673 |  |  | 668 |
€600 at 3.375% due 2025 | 733 |  |  | 728 |  |  | 673 |  |  | 667 |
U.S. dollar at 4.25% due 2026 | 400 |  |  | 396 |  |  | 400 |  |  | 395 |
U.S. dollar at 4.75% due 2026 | 875 |  |  | 865 |  |  | 875 |  |  | 863 |
U.S. dollar at 7.375% due 2026 | 350 |  |  | 348 |  |  | 350 |  |  | 348 |
€500 at 2.875% due 2026 | 610 |  |  | 603 |  |  | 561 |  |  | 554 |
U.S. dollar at 7.50% due 2096 | 40 |  |  | 40 |  |  | 40 |  |  | 40 |
Other indebtedness in various currencies: |  |  |  |  |  |  |
Fixed rate with rates in 2020 from 3.9% to 7.8% due through 2026 | 97 |  |  | 97 |  |  | 39 |  |  | 39 |
Variable rate with average rates in 2020 from 2.3% to 2.7% due through 2027 | 13 |  |  | 13 |  |  | 6 |  |  | 6 |
Total long-term debt | 8,141 |  |  | 8,090 |  |  | 7,944 |  |  | 7,880 |
Less: current maturities | (67) |  |  | (67) |  |  | (62) |  |  | (62) |
Total long-term debt, less current maturities | $ | 8,074 |  |  | $ | 8,023 |  |  | $ | 7,882 |  |  | $ | 7,818 |
(1) €317 and €450 at December 31, 2020 and 2019
Schedule of Weighted Average Interest Rates | The weighted average interest rates were as follows:
| 2020 |  | 2019 |  | 2018
Short-term debt | 1.9 | % |  | 2.6 | % |  | 1.0 | %
Revolving credit facilities | 2.8 | % |  | 3.8 | % |  | 3.2 | %

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