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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

			2024												2023
			Principal						Carrying						Principal						Carrying
			outstanding						amount						outstanding						amount
Short-term debt			$	66					$	66					$	16					$	16
Long-term debt
Senior secured borrowings:
Revolving credit facilities			—						—						—						—
Term loan facilities
U.S. dollar due 2027			1,175						1,171						1,575						1,569
Euro due 20271			538						538						589						589
Senior notes and debentures:
€600 at 2.625% due 2024			—						—						663						662
€600 at 3.375% due 2025			—						—						663						662
U.S. dollar at 4.25% due 2026			400						399						400						398
U.S. dollar at 4.75% due 2026			875						873						875						871
U.S. dollar at 7.375% due 2026			350						350						350						350
€500 at 2.875% due 2026			518						517						552						550
€500 at 5.00% due 2028			518						513						552						544
€500 at 4.75% due 2029			518						513						552						544
€600 at 4.50% due 2030			621						611						—						—
U.S. dollar at 5.25% due 2030			500						495						500						494
U.S. dollar at 7.50% due 2096			40						40						40						40
Other indebtedness in various currencies:
Fixed rate with rates in 2024 from 2.8% to 7.6% due through 2027			108						108						169						169
Variable rate with an average rate in 2024 of 3.6% due 2026			10						10						16						16
Total long-term debt			6,171						6,138						7,496						7,458
Less: current maturities			(80)						(80)						(759)						(759)
Total long-term debt, less current maturities			$	6,091					$	6,058					$	6,737					$	6,699

(1) €520 at December 31, 2024 and €533 at December 31, 2023

Schedule of Weighted Average Interest Rates

The weighted average interest rates were as follows:

			2024						2023						2022
Short-term debt			4.3		%				13.2		%				3.8		%
Revolving credit facilities			4.7		%				4.5		%				2.5		%

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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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