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Debt (Tables)

9 Months Ended

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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