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v3.23.2

Long-term Corporate Debt and Borrowing Arrangements (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions | 6 Months Ended |
--- | --- | ---
Jun. 30, 2023 | Dec. 31, 2022
Debt Instrument [Line Items] |  |
Other | $ 33 | $ 18
Deferred financing fees | (40) | (44)
Total | 4,702 | 4,671
Less: Short-term debt and current portion of long-term debt | 34 | 27
Long-term debt | $ 4,668 | 4,644
SOFR | Line of Credit | Revolving Credit Facility |  |
Debt Instrument [Line Items] |  |
Basis spread on variable rate | 1.75% |
4.125% euro-denominated Senior Notes | Senior Notes |  |
Debt Instrument [Line Items] |  |
Debt instrument stated interest percentage | 4.125% |
Long-term debt | $ 327 | 321
4.500% euro-denominated Senior Notes | Senior Notes |  |
Debt Instrument [Line Items] |  |
Debt instrument stated interest percentage | 4.50% |
Long-term debt | $ 273 | 268
4.750% euro-denominated Senior Notes | Senior Notes |  |
Debt Instrument [Line Items] |  |
Debt instrument stated interest percentage | 4.75% |
Long-term debt | $ 382 | 375
5.750% Senior Notes | Senior Notes |  |
Debt Instrument [Line Items] |  |
Debt instrument stated interest percentage | 5.75% |
Long-term debt | $ 734 | 732
4.750% Senior Notes | Senior Notes |  |
Debt Instrument [Line Items] |  |
Debt instrument stated interest percentage | 4.75% |
Long-term debt | $ 500 | 500
5.375% Senior Notes | Senior Notes |  |
Debt Instrument [Line Items] |  |
Debt instrument stated interest percentage | 5.375% |
Long-term debt | $ 600 | 600
Floating Rate Term Loan | Loans Payable |  |
Debt Instrument [Line Items] |  |
Long-term debt | $ 1,170 | 1,176
Aggregate interest rate | 6.97% |
Floating Rate Term Loan | Interest rate swaps | Loans Payable |  |
Debt Instrument [Line Items] |  |
Amount of hedged item | $ 700 |
Aggregate rate | 4.72% |
Floating Rate Term Loan | SOFR | Loans Payable |  |
Debt Instrument [Line Items] |  |
Basis spread on variable rate | 1.75% |
Floating Rate Term Loan | Loans Payable |  |
Debt Instrument [Line Items] |  |
Long-term debt | $ 723 | $ 725
Aggregate interest rate | 8.70% |
Floating Rate Term Loan | Interest rate swaps | Loans Payable |  |
Debt Instrument [Line Items] |  |
Basis spread on variable rate | 3.50% |

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