Annual report pursuant to Section 13 and 15(d)

Note 14 - Debt (Tables)

v3.24.0.1
Note 14 - Debt (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Debt [Table Text Block]
   

December 31,

 
   

2023

   

2022

 

Senior credit facilities:

               

Revolving facility

  $     $ 55  

Amounts outstanding under A/R programs

    169       166  

Senior notes

    1,471       1,455  

Variable interest entities

    26       35  

Other

    22       26  

Total debt

  $ 1,688     $ 1,737  

Total current portion of debt

  $ 12     $ 66  

Long-term portion of debt

    1,676       1,671  

Total debt

  $ 1,688     $ 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

 

2023 Revolving Credit Facility

  $ 1,200     $

(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     $ 110

(3)

Applicable rate plus 0.90%

EU A/R Program

 

July 2024

  100     53  

Applicable rate plus 1.30%

       

(or approximately $111)

   

(or approximately $59)

   
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 (€299 carrying value ($332))

  $ 1  

2029 Senior Notes

 

February 2029

    4.50 %  

$750 ($742 carrying value)

    8  

2031 Senior Notes

 

June 2031

    2.95 %  

$400 ($397 carrying value)

    3  
Schedule of Maturities of Long-Term Debt [Table Text Block]

Year ending December 31,

       

2024

  $ 12  

2025

    344  

2026

    10  

2027

    172  

2028

    3  

Thereafter

    1,147  
    $ 1,688