Debt (Tables)

3 Months Ended

Mar. 31, 2021

The Company's outstanding debt was as follows:


	March 31, 2021				December 31, 2020
	Principal		Carrying		Principal		Carrying
	outstanding		amount		outstanding		amount
Short-term debt	$	80	$	80	$	121	$	121

Long-term debt
Senior secured borrowings:
Revolving credit facilities	26		26		—		—
Term loan facilities
U.S. dollar at LIBOR + 1.2% due 2024	1,022		1,017		1,029		1,023

Euro at EURIBOR + 1.2% due 20241	368		368		387		387

Senior notes and debentures:
€650 at 4.0% due 2022	762		760		794		791
U. S. dollar at 4.50% due 2023	1,000		997		1,000		997
€335at 2.25% due 2023	393		391		409		407
€550 at 0.75% due 2023	645		642		671		666
€600 at 2.625% due 2024	704		700		733		729
€600 at 3.375% due 2025	704		699		733		728
U.S. dollar at 4.25% due 2026	400		396		400		396
U.S. dollar at 4.75% due 2026	875		865		875		865
U.S. dollar at 7.375% due 2026	350		348		350		348
€500 at 2.875% due 2026	586		580		610		603
U.S. dollar at 7.50% due 2096	40		40		40		40
Other indebtedness in various currencies	128		128		110		110

Total long-term debt	8,003		7,957		8,141		8,090
Less current maturities	(82)		(82)		(67)		(67)
Total long-term debt, less current maturities	$	7,921	$	7,875	$	8,074	$	8,023

(1) €314 and €317 at March 31, 2021 and December 31, 2020

- Definition

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.

+ References

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+ Details