v3.25.2
Debt (Details)
$ / shares in Units, € in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
agreement
$ / shares
Jun. 30, 2025
EUR (€)
Mar. 31, 2025
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Jun. 30, 2024
EUR (€)
May 31, 2024
USD ($)
May 31, 2024
EUR (€)
Aug. 30, 2022
USD ($)
Mar. 25, 2022
USD ($)
Debt Instrument                      
Total long-term debt $ 4,995 $ 5,003     $ 4,859            
Less amounts due within one year 347 105     306            
Long-term debt 4,648 4,898     4,553            
Additional interest charges for note repurchase premiums and write-off of unamortized finance fees 2                    
Maximum Borrowing Capacity                     $ 2,800
Secured Credit Agreement                      
Debt Instrument                      
Unused Credit   $ 1,040                  
Number of financial maintenance covenants | agreement   1                  
Additional default interest rate per annum applied to all obligations owed under the Agreement   2.00%                  
Secured Credit Agreement | Minimum                      
Debt Instrument                      
Interest rate margin, Term SOFR loans and Euro currency rate loans   1.00% 1.00%                
Interest rate margin, Base Rate loans (as a percent)   0.00%                  
Facility fee payable (as a percent)   0.20%                  
Secured Credit Agreement | Maximum                      
Debt Instrument                      
Interest rate margin, Term SOFR loans and Euro currency rate loans   2.25% 2.25%                
Interest rate margin, Base Rate loans (as a percent)   1.25%                  
Leverage Ratio   2.5                  
Facility fee payable (as a percent)   0.35%                  
Revolving Loans                      
Debt Instrument                      
Total long-term debt   $ 205                  
Revolving Loans                      
Debt Instrument                      
Weighted average interest rate (as a percent)   6.08% 6.08%                
Term Loan A                      
Debt Instrument                      
Total long-term debt 1,392 $ 1,339     1,338            
Maximum Borrowing Capacity   $ 1,450                  
3.125%, due 2024 (€58 million at June 30, 2024)                      
Debt Instrument                      
Total long-term debt 62           € 58.0        
Interest rate, stated percentage   3.125% 3.125%                
Senior Notes 6.375%, due 2025                      
Debt Instrument                      
Total long-term debt               $ 300      
Interest rate, stated percentage               6.375% 6.375%    
Senior Notes, 5.375% due 2025                      
Debt Instrument                      
Total long-term debt 17       17            
Interest rate, stated percentage   5.375% 5.375%                
2.875%, due 2025 (€176 million at December 31, 2024 and June 30, 2024)                      
Debt Instrument                      
Total long-term debt 188       183 € 176.0 € 176.0   € 323.4    
Interest rate, stated percentage   2.875% 2.875% 2.875%       2.875% 2.875%    
Senior Notes 6.625%, due 2027                      
Debt Instrument                      
Total long-term debt 609 $ 610 € 600.0   609            
Interest rate, stated percentage   6.625% 6.625%                
Fair values of fixed rate debt obligations                      
Principal Amount   $ 612                  
Indicated Market Price (in dollars per share) | $ / shares   $ 100.26                  
Fair Value   $ 614                  
Senior Notes 6.250%, due 2028 (€600 million)                      
Debt Instrument                      
Total long-term debt 635 $ 699 € 600.0   619            
Interest rate, stated percentage   6.25% 6.25%                
Fair values of fixed rate debt obligations                      
Principal Amount   $ 704                  
Indicated Market Price (in dollars per share) | $ / shares   $ 103.4                  
Fair Value   $ 728                  
Senior Notes 5.250%, due 2029 (€500 million)                      
Debt Instrument                      
Total long-term debt 527 $ 580 € 500.0   514            
Interest rate, stated percentage   5.25% 5.25%         5.25% 5.25%    
Face value | €                 € 500.0    
Fair values of fixed rate debt obligations                      
Principal Amount   $ 587                  
Indicated Market Price (in dollars per share) | $ / shares   $ 103.06                  
Fair Value   $ 605                  
Senior Notes 4.750%, due 2030                      
Debt Instrument                      
Total long-term debt 397 $ 397     397            
Interest rate, stated percentage   4.75% 4.75%                
Fair values of fixed rate debt obligations                      
Principal Amount   $ 400                  
Indicated Market Price (in dollars per share) | $ / shares   $ 96.09                  
Fair Value   $ 384                  
Senior Notes 7.250% due 2031                      
Debt Instrument                      
Total long-term debt 682 $ 683     683            
Interest rate, stated percentage   7.25% 7.25%                
Fair values of fixed rate debt obligations                      
Principal Amount   $ 690                  
Indicated Market Price (in dollars per share) | $ / shares   $ 102.68                  
Fair Value   $ 708                  
Senior Notes 7.375% due 2032                      
Debt Instrument                      
Total long-term debt 296 $ 296     296            
Interest rate, stated percentage   7.375% 7.375%         7.375% 7.375%    
Face value               $ 300      
Fair values of fixed rate debt obligations                      
Principal Amount   $ 300                  
Indicated Market Price (in dollars per share) | $ / shares   $ 102.19                  
Fair Value   $ 307                  
Finance leases                      
Debt Instrument                      
Total long-term debt 189 186     195            
Other debt                      
Debt Instrument                      
Total long-term debt $ 1 8     $ 8            
Revolving Credit Facility                      
Debt Instrument                      
Maximum Borrowing Capacity   300                  
Delayed draw term loan facility                      
Debt Instrument                      
Maximum Borrowing Capacity                     $ 600
Term loans in aggregate                      
Debt Instrument                      
Maximum Borrowing Capacity                   $ 500  
Multicurrency Revolving Credit Facility                      
Debt Instrument                      
Maximum Borrowing Capacity   $ 950