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Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt |
Long-term Debt | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31, | ​ | September 30, | ​
​ |  | 2023 |  | 2022 |  | 2022 | ​
Secured Credit Agreement: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revolving Credit Facility: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revolving Loans | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​
Term Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Term Loan A | ​ | ​ | 1,427 | ​ | ​ | 1,426 | ​ | ​ | 1,444 | ​
Senior Notes: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
5.875%, due 2023 | ​ | ​ | ​ | ​ | ​ | 249 | ​ | ​ | 249 | ​
3.125%, due 2024 (€725 million) | ​ | ​ | 60 | ​ | ​ | 731 | ​ | ​ | 674 | ​
6.375%, due 2025 | ​ | ​ | 298 | ​ | ​ | 298 | ​ | ​ | 298 | ​
5.375%, due 2025 | ​ | ​ | 17 | ​ | ​ | 299 | ​ | ​ | 299 | ​
2.875%, due 2025 (€500 million) | ​ | ​ | 527 | ​ | ​ | 529 | ​ | ​ | 487 | ​
6.625%, due 2027 | ​ | ​ | 608 | ​ | ​ | 607 | ​ | ​ | 606 | ​
6.250%, due 2028 (€600 million) | ​ | ​ | 627 | ​ | ​ | ​ | ​ | ​ | ​ | ​
4.750%, due 2030 | ​ | ​ | 396 | ​ | ​ | 396 | ​ | ​ | 396 | ​
7.250%, due 2031 | ​ | ​ | 681 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases | ​ | ​ | 164 | ​ | ​ | 132 | ​ | ​ | 103 | ​
Other | ​ |  | 2 | ​ | ​ | 4 | ​ | ​ | 4 | ​
Total long-term debt | ​ |  | 4,807 | ​ |  | 4,671 | ​ | ​ | 4,560 | ​
Less amounts due within one year | ​ |  | 53 | ​ | ​ | 300 | ​ | ​ | 280 | ​
Long-term debt | ​ | $ | 4,754 | ​ | $ | 4,371 | ​ | $ | 4,280 | ​
Fair values of the Company's significant fixed rate debt obligations |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Principal | ​ | Indicated Market | ​ | ​ | ​
​ |  | Amount |  | Price |  | Fair Value | ​
Senior Notes: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
3.125%, due 2024 (€725 million) | ​ | $ | 62 | ​ | $ | 98.37 | ​ | $ | 61 | ​
6.375%, due 2025 | ​ | ​ | 300 | ​ | ​ | 99.60 | ​ | ​ | 299 | ​
5.375%, due 2025 | ​ | ​ | 17 | ​ | ​ | 99.15 | ​ | ​ | 17 | ​
2.875%, due 2025 (€500 million) | ​ | ​ | 529 | ​ | ​ | 97.52 | ​ | ​ | 516 | ​
6.625%, due 2027 | ​ | ​ | 612 | ​ | ​ | 97.86 | ​ | ​ | 599 | ​
6.250%, due 2028 (€600 million) | ​ | ​ | 635 | ​ | ​ | 102.11 | ​ | ​ | 648 | ​
4.750%, due 2030 | ​ | ​ | 400 | ​ | ​ | 87.28 | ​ | ​ | 349 | ​
7.250%, due 2031 | ​ | ​ | 690 | ​ | ​ | 97.95 | ​ | ​ | 676 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

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