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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt

Long-term Debt

​

​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
​		2021			2020
Secured Credit Agreement:	​	​	​	​	​	​	​
Revolving Credit Facility:	​	​	​	​	​	​	​
Revolving Loans	​	$	—	​	$	—	​
Term Loans:	​	​	​	​	​	​	​
Term Loan A	​	​	923	​		1,067	​
Other secured debt	​	​	​	​	​	99	​
Senior Notes:	​	​	​	​	​	​	​
4.00%, due 2023	​	​	​	​	​	307	​
5.875%, due 2023	​	​	695	​	​	692	​
3.125%, due 2024 (€725 million)	​	​	826	​	​	914	​
6.375%, due 2025	​	​	297	​	​	296	​
5.375%, due 2025	​	​	298	​	​	298	​
2.875%, due 2025 (€500 million)	​	​	561	​	​	607	​
6.625%, due 2027	​	​	693	​	​	692	​
4.75% due 2030	​	​	395	​	​	​	​
Finance leases	​	​	98	​	​	108	​
Other	​		5	​		7	​
Total long-term debt	​		4,791	​		5,087	​
Less amounts due within one year	​		38	​		142	​
Long-term debt	​	$	4,753	​	$	4,945	​

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

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​		​	​		​	​		​
​		Principal Amount			Indicated Market Price			Fair Value		​
Senior Notes:	​	​	​	​	​	​	​	​	​	​
5.875%, due 2023	​	$	700		$	104.99	​	$	735	​
3.125%, due 2024 (€725 million)	​		821		​	102.97	​		845	​
6.375%, due 2025	​	​	300	​	​	108.07	​	​	324	​
5.375%, due 2025	​	​	300	​	​	104.39	​	​	313	​
2.875%, due 2025 (€500 million)	​	​	566	​	​	101.11	​	​	572	​
6.625%, due 2027	​	​	700	​	​	105.97	​	​	742	​
4.750% due 2030	​	​	400	​	​	101.53	​	​	406	​

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