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Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt

Long-term Debt

​

​	​	​	​	​	​	​	​	​	​	​
​	​	September 30,		​	December 31,		​	September 30,		​
​		2019			2018			2018		​
Secured Credit Agreement:	​	​	​	​	​	​	​	​	​	​
Revolving Credit Facility:	​	​	​	​	​	​	​	​	​	​
Revolving Loans	​	$	265	​	$	—	​	$	—	​
Term Loans:	​	​	​	​	​	​	​	​	​	​
Term Loan A	​	​	1,496	​	​	​	​	​	​	​
Previous Secured Credit Agreement:	​	​	​	​	​	​	​	​	​	​
Revolving Credit Facility:	​	​	​	​	​	​	​	​	​	​
Revolving Loans	​	​	​	​	​	​	​	​	335	​
Term Loans:	​	​	​	​	​	​	​	​	​	​
Term Loan A	​	​	​	​	​	897	​	​	908	​
Other secured debt	​	​	454	​	​	404	​	​	329	​
Senior Notes:	​	​	​	​	​	​	​	​	​	​
6.75%, due 2020 (€250 million at September 30, 2019 and €500 million at December 31, 2018 and September 30, 2018)	​		273	​	​	570	​	​	580	​
4.875%, due 2021 (€330 million)	​		360	​	​	376	​	​	382	​
5.00%, due 2022	​	​	498	​	​	497	​	​	497	​
4.00%, due 2023	​	​	307	​	​	306	​	​	306	​
5.875%, due 2023	​	​	690	​	​	688	​	​	687	​
3.125%, due 2024 (€725 million)	​	​	818	​	​	825	​	​	828	​
6.375%, due 2025	​	​	296	​	​	295	​	​	295	​
5.375%, due 2025	​	​	298	​	​	297	​	​	297	​
Finance leases	​	​	43	​	​	45	​	​	48	​
Other	​		16	​	​	14	​	​	16	​
Total long-term debt	​		5,814	​		5,214	​	​	5,508	​
Less amounts due within one year	​		302	​	​	33	​	​	21	​
Long-term debt	​	$	5,512	​	$	5,181	​	$	5,487	​

Fair values of the Company's significant fixed rate debt obligations

Fair values at September 30, 2019 of the Company’s significant fixed rate debt obligations are as follows:

​	​	​	​	​	​	​	​	​	​	​
​	​	Principal		​	Indicated		​	​
​		Amount			Market Price			Fair Value
Senior Notes:	​	​	​	​	​	​	​	​	​	​
6.75%, due 2020 (€250 million)	​	$	273		$	106.20	​	$	290	​
4.875%, due 2021 (€330 million)	​		361		​	106.99	​	​	386	​
5.00%, due 2022	​		500		​	103.38	​	​	517	​
5.875%, due 2023	​	​	700	​	​	106.66	​	​	747	​
4.00%, due 2023	​	​	310	​	​	100.79	​	​	312	​
3.125%, due 2024 (€725 million)	​	​	793	​	​	105.41	​	​	836	​
6.375%, due 2025	​	​	300	​	​	106.93	​	​	321	​
5.375%, due 2025	​	​	300	​	​	103.84	​	​	312	​

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Tabular disclosure of fair values of significant fixed rate obligations as on the balance sheet date.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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