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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following:

 

     December 31,
2017
     December 31,
2016
 

Funding program loans from European Investment Bank:

     

2.56% due 2020, floating interest rate at Libor + 1.199%

     38        50  

2.56% due 2020, floating interest rate at Libor + 1.056%

     83        110  

0.59% due 2020, floating interest rate at Euribor + 0.917%

     45        53  

2.09% due 2021, floating interest rate at Libor + 0.525%

     120        150  

2.22% due 2021, floating interest rate at Libor + 0.572%

     115        144  

Dual tranche senior unsecured convertible bonds

     

Zero-coupon, due 2019 (Tranche A)

     —          564  

1.0% due 2021 (Tranche B)

     —          362  

Zero-coupon, due 2022 (Tranche A)

     662        —    

0.25% due 2024 (Tranche B)

     616        —    

Other funding program loans:

     

0.31% (weighted average), due 2018-2023, fixed interest rate

     20        14  

Other long-term loans:

     

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

     —          1  

0.41% (weighted average), due 2018, fixed interest rate

     1        1  

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

     1        2  
  

 

 

    

 

 

 

Total long-term debt

     1,701        1,451  

Less current portion

     (118      (117
  

 

 

    

 

 

 

Total long-term debt, less current portion

     1,583        1,334  
  

 

 

    

 

 

 

 

Long-Term Debt Denominated by Currencies

Long-term debt is denominated in the following currencies:

 

     December 31,
2017
     December 31,
2016
 

U.S. dollar

     1,634        1,380  

Euro

     67        71  
  

 

 

    

 

 

 

Total

     1,701        1,451  
  

 

 

    

 

 

 

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,
2017
 

2018

     118  

2019

     118  

2020

     118  

2021

     62  

2022

     753  

Thereafter

     753  
  

 

 

 

Total

     1,922