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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Funding program loans from European

   Investment Bank:

 

 

 

 

 

 

 

 

3.05% due 2020, floating interest rate at

   Libor + 1.099%

 

 

13

 

 

 

25

 

2.84% due 2020, floating interest rate at

   Libor + 0.956%

 

 

28

 

 

 

55

 

0.41% due 2020, floating interest rate at

   Euribor + 0.817%

 

 

14

 

 

 

29

 

2.46% due 2021, floating interest rate at

   Libor + 0.525%

 

 

60

 

 

 

90

 

2.48% due 2021, floating interest rate at

   Libor + 0.572%

 

 

58

 

 

 

86

 

0.24% due 2028, floating interest rate at

   Euribor + 0.589%

 

 

258

 

 

 

292

 

0.21% due 2029, floating interest rate at

   Euribor + 0.564%

 

 

275

 

 

 

 

Dual tranche senior unsecured convertible

   bonds

 

 

 

 

 

 

 

 

Zero-coupon, due 2022 (Tranche A)

 

 

700

 

 

 

681

 

0.25% due 2024 (Tranche B)

 

 

654

 

 

 

635

 

Other funding program loans:

 

 

 

 

 

 

 

 

0.31% (weighted average), due 2020-2023,

   fixed interest rate

 

 

12

 

 

 

16

 

Other long-term loans:

 

 

 

 

 

 

 

 

0.87% (weighted average), due 2020,

   fixed interest rate

 

 

 

 

 

1

 

Total long-term debt

 

 

2,072

 

 

 

1,910

 

Less current portion

 

 

(173

)

 

 

(146

)

Total long-term debt, less current portion

 

 

1,899

 

 

 

1,764

 

Long-Term Debt Denominated by Currencies

Long-term debt is denominated in the following currencies:

 

 

 

December 31,

2019

 

 

December 31,

2018

 

U.S. dollar

 

 

1,513

 

 

 

1,572

 

Euro

 

 

559

 

 

 

338

 

Total

 

 

2,072

 

 

 

1,910

 

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,

 

 

 

2019

 

2020

 

 

173

 

2021

 

 

118

 

2022

 

 

809

 

2023

 

 

59

 

2024

 

 

807

 

Thereafter

 

 

252

 

Total

 

 

2,218