Goodwill and Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

	Engineered Materials	Acetyl Chain	Total
	(In $ millions)
As of December 31, 2022	6,775	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

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(1)Related to goodwill reclassified to assets held for sale (Note 3).

(2)There were no accumulated impairment losses as of June 30, 2023.

Schedule of Finite-Lived Intangible Assets

Finite-lived intangible assets are as follows:

	Licenses	Customer- Related Intangible Assets	Developed Technology	Covenants Not to Compete and Other	Total
	(In $ millions)
Gross Asset Value
As of December 31, 2022	42	2,455	601	55	3,153
Transfer(1)	—	(58)	(1)	—	(59)
Exchange rate changes	(2)	9	(6)	—	1
As of June 30, 2023	40	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 changes	2	(7)	(1)	—	(6)
As of June 30, 2023	(37)	(579)	(70)	(40)	(726)
Net book value	3	1,827	524	15	2,369

______________________________

(1)Related to finite-lived intangible assets reclassified to assets held for sale (Note 3).

Schedule of Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets are as follows:

	Trademarks and Trade Names
	(In $ millions)
As of December 31, 2022	1,648
Transfer(1)	(14)
Exchange rate changes	4
As of June 30, 2023	1,638

______________________________

(1)Related to indefinite-lived intangible assets reclassified to assets held for sale (Note 3).

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for the succeeding five fiscal years is as follows:

	(In $ millions)
2024	160
2025	160
2026	160
2027	160
2028	160