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Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of of Outstanding Debt

			March 31, 2024												December 31, 2023
			Principal						Carrying						Principal						Carrying
			outstanding						amount						outstanding						amount
Short-term debt			$	87					$	87					$	16					$	16
Long-term debt
Senior secured borrowings:
Revolving credit facilities			—						—						—						—
Term loan facilities
U.S. dollar due 2027			1,575						1,570						1,575						1,569
Euro due 20271			572						572						589						589
Senior notes and debentures:
€600 at 2.625% due 2024			647						647						663						662
€600 at 3.375% due 2025			647						646						663						662
U.S. dollar at 4.25% due 2026			400						398						400						398
U.S. dollar at 4.75% due 2026			875						871						875						871
U.S. dollar at 7.375% due 2026			350						350						350						350
€500 at 2.875% due 2026			539						537						552						550
€500 at 5.00% due 2028			539						532						552						544
€500 at 4.75% due 2029			539						533						552						544
U.S. dollar at 5.25% due 2030			500						494						500						494
U.S. dollar at 7.50% due 2096			40						40						40						40
Other indebtedness in various currencies			176						176						185						185
Total long-term debt			7,399						7,366						7,496						7,458
Less current maturities			(743)						(743)						(759)						(759)
Total long-term debt, less current maturities			$	6,656					$	6,623					$	6,737					$	6,699

(1) €530 and €533 at March 31, 2024 and December 31, 2023

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- 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.

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