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Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt

Long-term Debt

​

​	​	​	​	​	​	​	​	​	​	​
​	​	June 30,		​	December 31,		​	June 30,		​
​		2021			2020			2020		​
Secured Credit Agreement:	​	​	​	​	​	​	​	​	​	​
Revolving Credit Facility:	​	​	​	​	​	​	​	​	​	​
Revolving Loans	​	$	83	​	$	—	​	$	823	​
Term Loans:	​	​	​	​	​	​	​	​	​	​
Term Loan A	​	​	1,068	​	​	1,067	​	​	1,477	​
Other secured debt	​	​	​	​	​	99	​	​	225	​
Senior Notes:	​	​	​	​	​	​	​	​	​	​
5.00%, due 2022	​	​	​	​	​	​	​	​	81	​
4.00%, due 2023	​	​	308	​	​	307	​	​	307	​
5.875%, due 2023	​	​	693	​	​	692	​	​	690	​
3.125%, due 2024 (€725 million)	​	​	878	​	​	914	​	​	835	​
6.375%, due 2025	​	​	297	​	​	296	​	​	296	​
5.375%, due 2025	​	​	298	​	​	298	​	​	297	​
2.875%, due 2025 (€500 million)	​	​	589	​	​	607	​	​	554	​
6.625%, due 2027	​	​	692	​	​	692	​	​	691	​
Finance leases	​	​	105	​	​	108	​	​	88	​
Other	​		6	​	​	7	​	​	12	​
Total long-term debt	​		5,017	​		5,087	​	​	6,376	​
Less amounts due within one year	​		40	​	​	142	​	​	273	​
Long-term debt	​	$	4,977	​	$	4,945	​	$	6,103	​

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

​	​	​	​	​	​	​	​	​	​	​
​	​	Principal		​	Indicated Market		​	​
​		Amount			Price Per $			Fair Value
Senior Notes:	​	​	​	​	​	​	​	​	​	​
5.875%, due 2023	​	$	700	​	$	107.86	​	$	755	​
4.00%, due 2023	​	​	310	​	​	103.22	​	​	320	​
3.125%, due 2024 (€725 million)	​	​	863	​	​	103.78	​	​	896	​
6.375%, due 2025	​	​	300	​	​	111.60	​	​	335	​
5.375%, due 2025	​	​	300	​	​	106.80	​	​	320	​
2.875%, due 2025 (€500 million)	​	​	595	​	​	101.60	​	​	605	​
6.625%, due 2027	​	​	700	​	​	109.09	​	​	764	​

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