XML 66 R52.htm IDEA: XBRL DOCUMENT v3.19.1
Debt (Details)
$ / shares in Units, € in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
USD ($)
item
agreement
$ / shares
Jun. 30, 2018
USD ($)
Mar. 31, 2019
EUR (€)
item
Dec. 31, 2018
USD ($)
Dec. 31, 2018
EUR (€)
Mar. 31, 2018
USD ($)
Mar. 31, 2018
EUR (€)
Debt Instrument              
Total long-term debt $ 5,854     $ 5,214   $ 5,651  
Less amounts due within one year 34     33   11  
Long-term debt $ 5,820     5,181   5,640  
Number financial maintenance covenants | agreement 1            
Leverage Ratio | item 4.5   4.5        
Short-term loans and long-term debt due within one year $ 91     160   194  
Maximum              
Debt Instrument              
Maximum Leverage Ratio may increase | item 0.5            
Maximum Borrowing Capacity $ 1,910            
Prior Agreement              
Debt Instrument              
Interest charges for write-off of finance fees   $ 11          
Secured Credit Agreement              
Debt Instrument              
Unused Credit $ 434            
Weighted average interest rate (as a percent) 3.88%   3.88%        
Secured Credit Agreement | Minimum              
Debt Instrument              
Interest rate margin, Eurocurrency Rate loans (as a percent) 1.00%   1.00%        
Interest rate margin, Base Rate loans (as a percent) 0.00%            
Secured Credit Agreement | Maximum              
Debt Instrument              
Interest rate margin, Eurocurrency Rate loans (as a percent) 1.50%   1.50%        
Interest rate margin, Base Rate loans (as a percent) 0.50%            
Revolving Loans              
Debt Instrument              
Total long-term debt $ 553            
Revolving Loans | Prior Agreement              
Debt Instrument              
Total long-term debt           462  
Term Loan A              
Debt Instrument              
Total long-term debt 897     897      
Face Value 910            
Net proceeds, after deducting debt issuance costs 897            
Term Loan A | Prior Agreement              
Debt Instrument              
Total long-term debt           1,149  
Other secured debt              
Debt Instrument              
Total long-term debt 504     404      
Senior Notes 6.75%, due 2020 (500 million EUR)              
Debt Instrument              
Total long-term debt $ 560   € 500 570 € 500 613 € 500
Interest rate, stated percentage 6.75%   6.75%        
Fair values of fixed rate debt obligations              
Principal Amount $ 562            
Indicated Market Price (in dollars per share) | $ / shares $ 109.50            
Fair Value $ 615            
Senior Notes 4.875%, due 2021 (330 million EUR)              
Debt Instrument              
Total long-term debt $ 369   € 330 376 330 404 330
Interest rate, stated percentage 4.875%   4.875%        
Fair values of fixed rate debt obligations              
Principal Amount $ 371            
Indicated Market Price (in dollars per share) | $ / shares $ 109.09            
Fair Value $ 405            
Senior Notes 5.00%, due 2022              
Debt Instrument              
Total long-term debt $ 497     497   496  
Interest rate, stated percentage 5.00%   5.00%        
Fair values of fixed rate debt obligations              
Principal Amount $ 500            
Indicated Market Price (in dollars per share) | $ / shares $ 102.64            
Fair Value $ 513            
Senior Notes 4.00%, due 2023              
Debt Instrument              
Total long-term debt $ 307     306   305  
Interest rate, stated percentage 4.00%   4.00%        
Fair values of fixed rate debt obligations              
Principal Amount $ 310            
Indicated Market Price (in dollars per share) | $ / shares $ 105.36            
Fair Value $ 327            
Senior Notes 5.875%, due 2023              
Debt Instrument              
Total long-term debt $ 688     688   686  
Interest rate, stated percentage 5.875%   5.875%        
Fair values of fixed rate debt obligations              
Principal Amount $ 700            
Indicated Market Price (in dollars per share) | $ / shares $ 104.88            
Fair Value $ 734            
Senior Notes 3.125%, due 2024 (725 million EUR)              
Debt Instrument              
Total long-term debt $ 824   € 725 825 € 725 872 € 725
Interest rate, stated percentage 3.125%   3.125%        
Fair values of fixed rate debt obligations              
Principal Amount $ 814            
Indicated Market Price (in dollars per share) | $ / shares $ 98.51            
Fair Value $ 802            
Senior Notes 6.375%, due 2025              
Debt Instrument              
Total long-term debt $ 296     295   295  
Interest rate, stated percentage 6.375%   6.375%        
Fair values of fixed rate debt obligations              
Principal Amount $ 300            
Indicated Market Price (in dollars per share) | $ / shares $ 105.88            
Fair Value $ 318            
Senior Notes, 5.375% due 2025              
Debt Instrument              
Total long-term debt $ 298     297   297  
Interest rate, stated percentage 5.375%   5.375%        
Fair values of fixed rate debt obligations              
Principal Amount $ 300            
Indicated Market Price (in dollars per share) | $ / shares $ 101.97            
Fair Value $ 306            
Finance leases              
Debt Instrument              
Total long-term debt 43     45   53  
Other              
Debt Instrument              
Total long-term debt 18     $ 14   $ 19  
Revolving Credit Facility              
Debt Instrument              
Total long-term debt $ 300            
Additional default interest rate per annum applied to all obligations owed under the Agreement 2.00%            
Revolving Credit Facility | Minimum              
Debt Instrument              
Facility fee payable (as a percent) 0.20%            
Revolving Credit Facility | Maximum              
Debt Instrument              
Facility fee payable (as a percent) 0.30%            
Multicurrency Revolving Credit Facility              
Debt Instrument              
Total long-term debt $ 700