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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following:

 

     December 31,
2015
     December 31,
2014
 

Funding program loans from European Investment Bank:

     

0.30% due 2015, floating interest rate at Libor + 0.026%

     —           9   

0.38% due 2016, floating interest rate at Libor + 0.052%

     19         39   

1.08% due 2016, floating interest rate at Libor + 0.477%

     26         52   

0.71% due 2016, floating interest rate at Libor + 0.373%

     29         57   

1.52% due 2020, floating interest rate at Libor + 1.199%

     63         75   

1.51% due 2020, floating interest rate at Libor + 1.056%

     138         165   

0.86% due 2020, floating interest rate at Euribor + 0.917%

     68         91   

1.06% due 2021, floating interest rate at Libor + 0.525%

     180         210   

1.22% due 2021, floating interest rate at Libor + 0.572%

     173         202   

Dual tranche senior unsecured convertible bonds

     

Zero-coupon, due 2019 (Tranche A)

     550         537   

1.0% due 2021 (Tranche B)

     354         347   

Other funding program loans:

     

0.41% (weighted average), due 2015-2023, fixed interest rate

     4         6   

Other long-term loans:

     

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

     4         6   

0.75% (weighted average), due 2018, fixed interest rate

     1         1   

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

     2         3   

Capital leases:

     

6.04% (weighted average), due 2015-2017, fixed interest rate

     1         1   
  

 

 

    

 

 

 

Total long-term debt

     1,612         1,801   

Less current portion

     (191      (202
  

 

 

    

 

 

 

Total long-term debt, less current portion

     1,421         1,599   
  

 

 

    

 

 

 
Long-Term Debt Denominated by Currencies

Long-term debt is denominated in the following currencies:

 

     December 31,
2015
     December 31,
2014
 

U.S. dollar

     1,533         1,694   

Euro

     79         107   
  

 

 

    

 

 

 

Total

     1,612         1,801   
  

 

 

    

 

 

 
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,
2015
 

2016

     191   

2017

     116   

2018

     114   

2019

     713   

2020

     113   

Thereafter

     460   
  

 

 

 

Total

     1,707