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Financing Arrangements and Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2017
Financing Arrangements and Derivative Financial Instruments [Abstract] |
Notes Payable and Overdrafts, Long Term Debt and Capital Leases Due Within One Year | The following table presents amounts due within one year:
| September 30, |  | December 31,
(In millions) | 2017 |  | 2016
Notes payable and overdrafts | $ | 276 |  |  | $ | 245 |
Weighted average interest rate | 5.98 | % |  | 6.18 | %
Chinese credit facilities | $ | 125 |  |  | $ | 146 |
Other domestic and foreign debt (including capital leases) | 253 |  |  | 290 |
Long term debt and capital leases due within one year | $ | 378 |  |  | $ | 436 |
Weighted average interest rate | 6.98 | % |  | 9.39 | %
Total obligations due within one year | $ | 654 |  |  | $ | 681 |
Long Term Debt and Capital Leases, Net | The following table presents long term debt and capital leases, net of unamortized discounts, and interest rates:
| September 30, 2017 |  | December 31, 2016
|  |  | Interest |  |  |  | Interest
(In millions) | Amount |  | Rate |  | Amount |  | Rate
Notes: |  |  |  |  |  |  |
8.75% due 2020 | $ | 275 |  |  |  |  | $ | 273 |  |  |
7% due 2022 | — |  |  |  |  | 700 |  |  |
5.125% due 2023 | 1,000 |  |  |  |  | 1,000 |  |  |
3.75% Euro Notes due 2023 | 296 |  |  |  |  | 264 |  |  |
5% due 2026 | 900 |  |  |  |  | 900 |  |  |
4.875% due 2027 | 700 |  |  |  |  | — |  |  |
7% due 2028 | 150 |  |  |  |  | 150 |  |  |
Credit Facilities: |  |  |  |  |  |  |
$2.0 billion first lien revolving credit facility due 2021 | 375 |  |  | 2.45 | % |  | 85 |  |  | 1.98 | %
Second lien term loan facility due 2019 | 399 |  |  | 3.24 | % |  | 399 |  |  | 3.75 | %
€550 million revolving credit facility due 2020 | 390 |  |  | 1.75 | % |  | — |  |  | — |
Pan-European accounts receivable facility | 241 |  |  | 0.89 | % |  | 198 |  |  | 0.98 | %
Chinese credit facilities | 247 |  |  | 4.81 | % |  | 315 |  |  | 4.68 | %
Other foreign and domestic debt(1) | 1,145 |  |  | 6.08 | % |  | 951 |  |  | 9.14 | %
| 6,118 |  |  |  |  | 5,235 |  |  |
Unamortized deferred financing fees | (43 | ) |  |  |  | (42 | ) |  |
| 6,075 |  |  |  |  | 5,193 |  |  |
Capital lease obligations | 40 |  |  |  |  | 41 |  |  |
| 6,115 |  |  |  |  | 5,234 |  |  |
Less portion due within one year | (378 | ) |  |  |  | (436 | ) |  |
| $ | 5,737 |  |  |  |  | $ | 4,798 |  |  |
(1) | Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions and domestic debt related to our Global and Americas Headquarters.
Fair Values for Foreign Currency Contracts Not Designated as Hedging Instruments | The following table presents the fair values for foreign currency contracts not designated as hedging instruments:
| September 30, |  | December 31,
(In millions) | 2017 |  | 2016
Fair Values — Current asset (liability): |  |  |
Accounts receivable | $ | 6 |  |  | $ | 30 |
Other current liabilities | (8 | ) |  | (18 | )
Fair Values for Foreign Currency Contracts Designated as Cash Flow Hedging Instruments | The following table presents fair values for foreign currency contracts designated as cash flow hedging instruments:
| September 30, |  | December 31,
(In millions) | 2017 |  | 2016
Fair Values — Current asset (liability): |  |  |
Accounts receivable | $ | — |  |  | $ | 9 |
Other current liabilities | (10 | ) |  | — |
Fair Values — Long term asset (liability): |  |  |
Other assets | $ | — |  |  | $ | 2 |
Other long term liabilities | (2 | ) |  | — |
Information Related to Foreign Currency Contracts Designated as Cash Flow Hedging Instruments | The following table presents information related to foreign currency contracts designated as cash flow hedging instruments (before tax and minority):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
(In millions) (Income) Expense | 2017 |  | 2016 |  | 2017 |  | 2016
Amounts deferred to Accumulated Other Comprehensive Loss ("AOCL") | $ | 7 |  |  | $ | 1 |  |  | $ | 28 |  |  | $ | 1 |
Amount of deferred (gain) loss reclassified from AOCL into CGS | 1 |  |  | — |  |  | (3 | ) |  | (6 | )
Amounts excluded from effectiveness testing | (1 | ) |  | (1 | ) |  | (2 | ) |  | (1 | )

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- Definition Notes payable and overdrafts long term debt and capital leases due with in one year and short term financing arrangements. + References No definition available. + Details
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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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