Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Debt (Tables)

v3.23.3
Note 7 - Debt (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Schedule of Debt [Table Text Block]
   

September 30,

   

December 31,

 
   

2023

   

2022

 

Senior Credit Facilities:

               

Revolving facility

  $     $ 55  

Amounts outstanding under A/R programs

    101       166  

Senior notes

    1,454       1,455  

Variable interest entities

    28       35  

Other

    23       26  

Total debt

  $ 1,606     $ 1,737  

Current portion of debt

  $ 113     $ 66  

Long-term portion of debt

    1,493       1,671  

Total debt

  $ 1,606     $ 1,737  
Schedule of Line of Credit Facilities [Table Text Block]
                     

Unamortized

                         
                     

discounts and

                         
   

Committed

   

Principal

     

debt issuance

     

Carrying

               

Facility

 

amount

   

outstanding

     

costs

     

value

     

Interest rate(2)

 

Maturity

 

2022 Revolving Credit Facility

  $ 1,200     $  

(1)

  $  

(1)

  $  

(1)

 

Term Secured Overnight Financing Rate (“SOFR”) plus 1.525%

    May 2027  
Schedule of Accounts Receivable Programs [Table Text Block]
       

Maximum funding

   

Amount

     

Facility

 

Maturity

 

availability(1)

   

outstanding

   

Interest rate(2)

U.S. A/R Program

 

July 2024

  $ 150     $ 38  

(3)

Applicable rate plus 0.90%

EU A/R Program

 

July 2024

  100     60    

Applicable rate plus 1.30%

        (or approximately $105)     (or approximately $63)      
Schedule of Notes Outstanding [Table Text Block]
                   

Unamortized

 
                   

premiums,

 
                   

discounts

 
                   

and debt

 

Notes

 

Maturity

 

Interest rate

   

Amount outstanding

 

issuance costs

 

2025 Senior Notes

 

April 2025

    4.25 %  

€300 (€300 carrying value ($316))

  $  

2029 Senior Notes

 

February 2029

    4.50 %  

$750 ($741 carrying value)

    9  

2031 Senior Notes

 

June 2031

    2.95 %  

$400 ($397 carrying value)

    3