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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following:

 

     December 31,
2014
    December 31,
2013
 

Funding program loans from European Investment Bank:

    

0.25% due 2014, floating interest rate at Libor + 0.017%

     —          20   

0.26% due 2015, floating interest rate at Libor + 0.026%

     9        19   

0.28% due 2016, floating interest rate at Libor + 0.052%

     39        58   

0.73% due 2016, floating interest rate at Libor + 0.477%

     52        77   

0.61% due 2016, floating interest rate at Libor + 0.373%

     57        86   

1.43% due 2020, floating interest rate at Libor + 1.199%

     75        87   

1.29% due 2020, floating interest rate at Libor + 1.056%

     165        193   

1.00% due 2020, floating interest rate at Euribor + 0.917%

     91        121   

0.85% due 2021, floating interest rate at Libor + 0.525%

     210        240   

0.90% due 2021, floating interest rate at Libor + 0.572%

     202        231   

Dual tranche senior unsecured convertible bonds

    

Zero-coupon, due 2019 (Tranche A)

     539        —     

1.0% due 2021 (Tranche B)

     349        —     

Other funding program loans:

    

0.43% (weighted average), due 2014-2023, fixed interest rate

     6        5   

Other long-term loans:

    

1.95% (weighted average), due 2017, fixed interest rate

     6        10   

0.67% (weighted average), due 2018, fixed interest rate

     1        2   

0.87% (weighted average), due 2020, fixed interest rate

     3        3   

Capital leases:

    

6.65% (weighted average), due 2015-2017, fixed interest rate

     1        1   
  

 

 

   

 

 

 

Total long-term debt

     1,805        1,153   

Less current portion

     (202     (225
  

 

 

   

 

 

 

Total long-term debt, less current portion

     1,603        928   
  

 

 

   

 

 

 

 

Long-Term Debt Denominated by Currencies

Long-term debt is denominated in the following currencies:

 

     December 31,
2014
     December 31,
2013
 

U.S. dollar

     1,698         1,012   

Euro

     107         141   
  

 

 

    

 

 

 

Total

     1,805         1,153   
  

 

 

    

 

 

 

Total Long-Term Debt Outstanding Maturities

Aggregate future maturities of total long-term debt (including current portion) at redemption value are as follows:

 

     December 31,
2014
 

2015

     202   

2016

     193   

2017

     117   

2018

     116   

2019

     715   

Thereafter

     574   
  

 

 

 

Total

     1,917