8. Debt

The following table summarizes the long-term debt of the Company:

	March 31,		December 31,		March 31,
	2014		2013		2013
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	150	$	—	$	126
Term Loans:
Term Loan A					53
Term Loan B	405		405		525
Term Loan C (81 million CAD at March 31, 2014)	74		76		100
Term Loan D (€85 million at March 31, 2014)	116		117		158
Senior Notes:
3.00%, Exchangeable, due 2015	621		617		647
7.375%, due 2016	594		593		591
6.75%, due 2020 (€500 million)	688		690		641
4.875%, due 2021 (€330 million)	454		455		423
Senior Debentures:
7.80%, due 2018	250		250		250
Other	60		58		92
Total long-term debt	3,412		3,261		3,606
Less amounts due within one year	41		16		56
Long-term debt	$	3,371	$	3,245	$	3,550

On May 19, 2011, the Company’s subsidiary borrowers entered into the Secured Credit Agreement (the “Agreement”). At March 31, 2014, the Agreement included a $900 million revolving credit facility, a $405 million term loan, a 81 million Canadian dollar term loan, and a €85 million term loan, each of which has a final maturity date of May 19, 2016. At March 31, 2014, the Company’s subsidiary borrowers had unused credit of $660 million available under the Agreement.

The weighted average interest rate on borrowings outstanding under the Agreement at March 31, 2014 was 2.02%.

During March 2013, the Company issued senior notes with a face value of €330 million due March 31, 2021. The notes bear interest at 4.875% and are guaranteed by substantially all of the Company’s domestic subsidiaries. The net proceeds, after deducting debt issuance costs, totaled approximately $418 million.

During March 2013, the Company discharged, in accordance with the indenture, all €300 million of the 6.875% senior notes due 2017. The Company recorded $11 million of additional interest charges for note repurchase premiums and the related write-off of unamortized finance fees.

The Company has a €215 million European accounts receivable securitization program, which extends through September 2016, subject to periodic renewal of backup credit lines. Information related to the Company’s accounts receivable securitization program is as follows:

	March 31,			December 31,			March 31,
	2014			2013			2013

Balance (included in short-term loans)	$	253		$	276		$	241

Weighted average interest rate	1.53		%	1.41		%	1.38		%

The carrying amounts reported for the accounts receivable securitization program, and certain long-term debt obligations subject to frequently redetermined interest rates, approximate fair value. Fair values for the Company’s significant fixed rate debt obligations are based on published market quotations, and are classified as Level 1 in the fair value hierarchy.

Fair values at March 31, 2014 of the Company’s significant fixed rate debt obligations are as follows:

			Indicated
	Principal		Market	Fair
	Amount		Price	Value
Senior Notes:
3.00%, Exchangeable, due 2015	$	644	103.51	$	667
7.375%, due 2016	600		111.00	666
6.75%, due 2020 (€500 million)	688		118.33	814
4.875%, due 2021 (€330 million)	454		107.39	488
Senior Debentures:
7.80%, due 2018	250		117.00	293