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Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Debt - Accounts Receivable Programs (Details)

v3.21.2
Note 8 - Debt - Accounts Receivable Programs (Details)
� in Millions, $ in Millions
 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2021
EUR (�)
Dec. 31, 2020
USD ($)
Amount outstanding $ 1,583 Ìý $ 2,121
US A/R Program [Member] Ìý Ìý Ìý
Maturity Jul. 31, 2024 Ìý Ìý
Maximum funding availability [1] $ 150 Ìý Ìý
Amount outstanding [2] $ 0 Ìý Ìý
US A/R Program [Member] | London Interbank Offered Rate (LIBOR) [Member] Ìý Ìý Ìý
Interest rate [3] 0.90% Ìý Ìý
EU A/R Program [Member] Ìý Ìý Ìý
Maturity Jul. 31, 2024 Ìý Ìý
Maximum funding availability [1] $ 117 â‚� 100 Ìý
Amount outstanding | â‚� Ìý â‚� 0 Ìý
EU A/R Program [Member] | USD LIBOR or EURIBOR [Member] Ìý Ìý Ìý
Interest rate [3] 1.30% Ìý Ìý
[1] The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements.
[2] As of September 30, 2021, we had approximately $7 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.
[3] The applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. The applicable rate for our EU A/R Program is either USD LIBOR or EURIBOR.