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Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The components of lease expense are as follows:
Year Ended December 31,Statement of Operations Classification
20222021
(In $ millions)
Lease Cost
Operating lease cost66 40 Cost of sales / Selling, general and administrative expenses
Short-term lease cost19 18 Cost of sales / Selling, general and administrative expenses
Variable lease cost15 12 Cost of sales / Selling, general and administrative expenses
Finance lease cost
Amortization of leased assets19 19 Cost of sales
Interest on lease liabilities11 13 Interest expense
Sublease income2 — Other income (expense), net
Total net lease cost132 102 
Supplemental consolidated balance sheet information related to leases is as follows:
As of December 31,Balance Sheet Classification
20222021
(In $ millions)
Leases
Assets
Operating lease assets413 236 Operating lease ROU assets
Finance lease assets176 131 Property, plant and equipment, net
Total leased assets589 367 
Liabilities
Current
Operating83 37 Current Other liabilities
Finance25 25 Short-term borrowings and current installments of long-term debt
Noncurrent
Operating364 200 Operating lease liabilities
Finance147 148 Long-term debt
Total lease liabilities619 410 
As of December 31,
20222021
Weighted-Average Remaining Lease Term (years)
Operating leases9.012.8
Finance leases8.38.9
Weighted-Average Discount Rate
Operating leases3.0 %2.0 %
Finance leases6.4 %6.9 %
Supplemental consolidated cash flow information related to leases is as follows:
Year Ended December 31,
20222021
(In $ millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases52 37 
Operating cash flows from finance leases11 13 
Financing cash flows from finance leases25 29 
ROU assets obtained in exchange for finance lease liabilities (Note 20)
28 — 
ROU assets obtained in exchange for operating lease liabilities93 52 
Maturities of lease liabilities are as follows:
As of December 31, 2022
Operating LeasesFinance Leases
(In $ millions)
202397 34 
202487 31 
202574 27 
202660 26 
202730 22 
Later years162 91 
Total lease payments510 231 
Less amounts representing interest(63)(59)
Total lease obligations447 172 
Leases Leases
The components of lease expense are as follows:
Year Ended December 31,Statement of Operations Classification
20222021
(In $ millions)
Lease Cost
Operating lease cost66 40 Cost of sales / Selling, general and administrative expenses
Short-term lease cost19 18 Cost of sales / Selling, general and administrative expenses
Variable lease cost15 12 Cost of sales / Selling, general and administrative expenses
Finance lease cost
Amortization of leased assets19 19 Cost of sales
Interest on lease liabilities11 13 Interest expense
Sublease income2 — Other income (expense), net
Total net lease cost132 102 
Supplemental consolidated balance sheet information related to leases is as follows:
As of December 31,Balance Sheet Classification
20222021
(In $ millions)
Leases
Assets
Operating lease assets413 236 Operating lease ROU assets
Finance lease assets176 131 Property, plant and equipment, net
Total leased assets589 367 
Liabilities
Current
Operating83 37 Current Other liabilities
Finance25 25 Short-term borrowings and current installments of long-term debt
Noncurrent
Operating364 200 Operating lease liabilities
Finance147 148 Long-term debt
Total lease liabilities619 410 
As of December 31,
20222021
Weighted-Average Remaining Lease Term (years)
Operating leases9.012.8
Finance leases8.38.9
Weighted-Average Discount Rate
Operating leases3.0 %2.0 %
Finance leases6.4 %6.9 %
Supplemental consolidated cash flow information related to leases is as follows:
Year Ended December 31,
20222021
(In $ millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases52 37 
Operating cash flows from finance leases11 13 
Financing cash flows from finance leases25 29 
ROU assets obtained in exchange for finance lease liabilities (Note 20)
28 — 
ROU assets obtained in exchange for operating lease liabilities93 52 
Maturities of lease liabilities are as follows:
As of December 31, 2022
Operating LeasesFinance Leases
(In $ millions)
202397 34 
202487 31 
202574 27 
202660 26 
202730 22 
Later years162 91 
Total lease payments510 231 
Less amounts representing interest(63)(59)
Total lease obligations447 172