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Drupal 6 and 7 have two functions to get a list of languages, locale_language_list() and language_list(). Drupal 8 merges these two to offer one simplified API. The signatures for these two functions in Drupal 7:
function locale_language_list($field = 'name', $all = FALSE) function language_list($field = 'langcode')
Because the $field argument was rarely used and caused misunderstanding even in core at places which used the API, Drupal 8 removes that argument. The $all argument got moved to the language_list() function and was renamed to $only_enabled and defaults to FALSE (all languages are returned by default). So in short, the old behavior of the list of languages returned by language_list() is the same, but it can now be limited to enabled only as well. The new signature is therefore as follows:
function language_list($only_enabled = FALSE)
The function returns a list of objects in all cases.