v3.25.2
Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt  
Long-term Debt

June 30,

December 31,

June 30,

    

2025

    

2024

    

2024

Secured Credit Agreement:

Revolving Credit Facility:

Revolving Loans

$

205

$

$

Term Loans:

Term Loan A

1,339

1,338

1,392

Senior Notes:

3.125%, due 2024 (€58 million at June 30, 2024)

62

5.375%, due 2025

17

17

2.875%, due 2025 (€176 million at December 31, 2024 and June 30, 2024)

183

188

6.625%, due 2027

610

609

609

6.250%, due 2028 (€600 million)

699

619

635

5.250%, due 2029 (€500 million)

580

514

527

4.750%, due 2030

397

397

397

7.250%, due 2031

683

683

682

7.375%, due 2032

296

296

296

Finance leases

186

195

189

Other

 

8

8

1

Total long-term debt

 

5,003

 

4,859

4,995

Less amounts due within one year

 

105

306

347

Long-term debt

$

4,898

$

4,553

$

4,648

Fair values of the Company's significant fixed rate debt obligations

Principal

Indicated Market

    

Amount

    

Price

    

Fair Value

Senior Notes:

6.625%, due 2027

$

612

100.26

$

614

6.250%, due 2028 (€600 million)

704

103.40

728

5.250%, due 2029 (€500 million)

587

103.06

605

4.750%, due 2030

400

96.09

384

7.250%, due 2031

690

102.68

708

7.375%, due 2032

300

102.19

307