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Investments in Affiliates (Tables)
12 Months Ended
Dec. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Schedule of Equity Method Investments
Equity method investments and ownership interests by business segment are as follows:
Ownership
as of
December 31,
Carrying
Value as of
December 31,
Share of
Earnings (Loss)
Year Ended
December 31,
Dividends and
Other Distributions Year Ended
December 31,
2021202020212020202120202019202120202019
(In percentages)(In $ millions)
Engineered Materials
Ibn Sina25 25 179 172 61 37 68 (50)(29)(69)
InfraServ GmbH & Co. Hoechst KG(1)(2)
31 31 121 124 24 18 14 (18)(18)(17)
Fortron Industries LLC50 50 145 136 17 12 18 (8)(9)(7)
Korea Engineering Plastics Co., Ltd.50 50 150 153 31 19 27 (22)(23)(28)
Polyplastics Co., Ltd.— — — — — 34 44 — (58)(39)
Other Activities(2)
InfraServ GmbH & Co. Gendorf KG30 30 43 47 11 11 (11)(7)(5)
YNCORIS GmbH & Co. KG(3)
22 22 15 17 (3)(3)(3)
Total653 649 146 134 182 (112)(147)(168)
______________________________
(1)InfraServ GmbH & Co. Hoechst KG is owned primarily by an entity included in the Company's Engineered Materials segment. The Company's Acetyl Chain segment also holds an ownership percentage.
(2)InfraServ real estate service companies ("InfraServ Entities") own and operate sites in Frankfurt am Main-Hoechst, Gendorf and Knapsack, Germany. The InfraServ Entities were created to own land and property and to provide various technical and administrative services at these manufacturing locations.
(3)Formerly known as InfraServ GmbH & Co. Knapsack KG.
Schedule of summarized balance sheet information for Ibn Sina (National Methanol) [Table Text Block]
Because financial information for Ibn Sina is not available to the Company on a timely basis, the Company's proportional share is reported on a one quarter lag. Accordingly, summarized financial information for Ibn Sina is as follows:
As of September 30,
20212020
(In $ millions)
Current assets283 244 
Noncurrent assets806 817 
Current liabilities196 201 
Noncurrent liabilities324 372 
Schedule of Summarized Income Statement Financial Information for Ibn Sina (National Methanol) [Table Text Block]
Twelve Months Ended
September 30,
202120202019
(In $ millions)
Revenues734 625 726 
Gross profit272 187 299 
Net income207 118 227 
Schedule of equity securities without readily determinable fair value
Equity investments without readily determinable fair values and ownership interests by business segment are as follows:
Ownership
as of
December 31,
Carrying
Value
as of
December 31,
Dividend
Income for the
Year Ended
December 31,
2021202020212020202120202019
(In percentages)(In $ millions)
Acetate Tow
Kunming Cellulose Fibers Co. Ltd.30 30 14 14 13 11 11 
Nantong Cellulose Fibers Co. Ltd.31 31 121 121 106 91 79 
Zhuhai Cellulose Fibers Co. Ltd.30 30 30 30 27 24 22 
Other Activities
InfraServ GmbH & Co. Wiesbaden KG— 
Total170 171 147 126 113 
Schedule of Transactions with Affiliates
Transactions and balances with affiliates are as follows:
Year Ended December 31,
202120202019
(In $ millions)
Purchases334 249 291 
Sales and other credits74 42 102 
Interest expense— — 
Schedule of Balances with Affiliates
As of December 31,
20212020
(In $ millions)
Non-trade receivables32 22 
Total due from affiliates32 22 
Short-term borrowings(1)
64 58 
Trade payables71 38 
Current Other liabilities12 
Total due to affiliates147 105 
______________________________
(1)The Company has agreements with certain affiliates whereby excess affiliate cash is lent to and managed by the Company at variable interest rates governed by those agreements.