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v3.23.1

Note 10 - Financing Agreements (Tables) | 3 Months Ended
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Mar. 31, 2023
Notes Tables |
Schedule of Debt [Table Text Block] |
| Interest Rate |  |  | March 31, 2023 |  |  | December 31, 2022 |
Senior Notes due April 15, 2025 | 5.750% | * |  | $ | 400 |  |  | $ | 400 |
Senior Notes due November 15, 2027 | 5.375% |  |  |  | 400 |  |  |  | 400 |
Senior Notes due June 15, 2028 | 5.625% |  |  |  | 400 |  |  |  | 400 |
Senior Euro Notes due July 15, 2029 | 3.000% |  |  |  | 352 |  |  |  | 348 |
Senior Notes due September 1, 2030 | 4.250% |  |  |  | 400 |  |  |  | 400 |
Senior Notes due February 15, 2032 | 4.500% |  |  |  | 350 |  |  |  | 350 |
Other indebtedness |  |  |  |  | 79 |  |  |  | 80 |
Debt issuance costs |  |  |  |  | (21 | ) |  |  | (22 | )
|  |  |  |  | 2,360 |  |  |  | 2,356 |
Less: Current portion of long-term debt |  |  |  |  | 32 |  |  |  | 8 |
Long-term debt, less debt issuance costs |  |  |  | $ | 2,328 |  |  | $ | 2,348 |
Debt Instrument Redemption [Table Text Block] |
|  | Redemption Price |
|  | April |  |  | November |  |  | June |  |  | July |  |  | September |  |  | February |
Year |  | 2025 Notes |  |  | 2027 Notes |  |  | 2028 Notes |  |  | 2029 Notes |  |  | 2030 Notes |  |  | 2032 Notes |
2023 |  |  | 100.000 | % |  |  | 101.344 | % |  |  | 102.813 | % |  |  |  |  |  |  |  |  |  |  |  |
2024 |  |  | 100.000 | % |  |  | 100.000 | % |  |  | 101.406 | % |  |  | 101.500 | % |  |  |  |  |  |  |  |
2025 |  |  |  |  |  |  | 100.000 | % |  |  | 100.000 | % |  |  | 100.750 | % |  |  |  |  |  |  |  |
2026 |  |  |  |  |  |  | 100.000 | % |  |  | 100.000 | % |  |  | 100.000 | % |  |  | 102.125 | % |  |  |  |
2027 |  |  |  |  |  |  |  |  |  |  | 100.000 | % |  |  | 100.000 | % |  |  | 101.417 | % |  |  | 102.250 | %
2028 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 100.000 | % |  |  | 100.708 | % |  |  | 101.500 | %
2029 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 100.000 | % |  |  | 100.750 | %
2030 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 100.000 | %
2031 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 100.000 | %
Schedule of Long-Term Debt Instruments [Table Text Block] |
|  | Margin |
Total Net Leverage Ratio |  | Base Rate |  |  | SOFR Rate |
Less than or equal to 1.00:1.00 |  |  | 0.25 | % |  |  | 1.25 | %
Greater than 1.00:1.00 but less than or equal to 2.00:1.00 |  |  | 0.50 | % |  |  | 1.50 | %
Greater than 2.00:1.00 |  |  | 0.75 | % |  |  | 1.75 | %
Schedule of Line of Credit Facilities [Table Text Block] |
Total Net Leverage Ratio |  | Commitment Fee |
Less than or equal to 1.00:1.00 |  |  | 0.250 | %
Greater than 1.00:1.00 but less than or equal to 2.00:1.00 |  |  | 0.375 | %
Greater than 2.00:1.00 |  |  | 0.500 | %

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