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Goodwill and Intangible Assets, net
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill
Engineered
Materials		Acetyl ChainTotal
(In $ millions)
As of December 31, 20226,775 367 7,142 
Acquisitions (Note 3)
8 — 8 
Transfer(1)
(80)— (80)
Exchange rate changes(11)4 (7)
As of June 30, 2023(2)
6,692 371 7,063 
______________________________
(1)Related to goodwill reclassified to assets held for sale (Note 3).
(2)There were no accumulated impairment losses as of June 30, 2023.
Intangible Assets, Net
Finite-lived intangible assets are as follows:
LicensesCustomer-
Related
Intangible
Assets		Developed
Technology		Covenants
Not to
Compete
and Other		Total
(In $ millions)
Gross Asset Value
As of December 31, 202242 2,455 601 55 3,153 
Transfer(1)
— (58)(1)— (59)
Exchange rate changes(2)9 (6)— 1 
As of June 30, 202340 2,406 594 55 3,095 
Accumulated Amortization
As of December 31, 2022(39)(567)(50)(40)(696)
Amortization— (63)(20)— (83)
Transfer(1)
— 58 1 — 59 
Exchange rate changes2 (7)(1)— (6)
As of June 30, 2023(37)(579)(70)(40)(726)
Net book value3 1,827 524 15 2,369 
______________________________
(1)Related to finite-lived intangible assets reclassified to assets held for sale (Note 3).
Indefinite-lived intangible assets are as follows:
Trademarks
and Trade Names
(In $ millions)
As of December 31, 20221,648 
Transfer(1)
(14)
Exchange rate changes4 
As of June 30, 20231,638 
______________________________
(1)Related to indefinite-lived intangible assets reclassified to assets held for sale (Note 3).
During the six months ended June 30, 2023, the Company did not renew or extend any intangible assets.
Estimated amortization expense for the succeeding five fiscal years is as follows:
(In $ millions)
2024160 
2025160 
2026160 
2027160 
2028160