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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Business Segments
Engineered
Materials
Acetyl ChainOther
Activities
EliminationsConsolidated
(In $ millions)
Year Ended December 31, 2023
Net sales6,149 4,884 (1)— (93)10,940 
Other (charges) gains, net (Note 24)
(56)(4)(8)— (68)
Operating profit (loss)
1,083 (2)1,109 (505)— 1,687 
Equity in net earnings (loss) of affiliates
83 13 — 102 

Depreciation and amortization
462 217 27 — 706 
Capital expenditures237 207 98 — 542 (3)
As of December 31, 2023
Goodwill and intangible assets, net10,525 427 — — 10,952 
Total assets17,930 5,538 3,129 — 26,597 
Year Ended December 31, 2022
Net sales4,024 5,743 (1)— (94)9,673 
Other (charges) gains, net (Note 24)
(7)— (1)— (8)
Operating profit (loss)
429 1,447 (498)— 1,378 
Equity in net earnings (loss) of affiliates
202 11 — 220 
Depreciation and amortization
226 213 23 — 462 
Capital expenditures178 352 53 — 583 (3)
As of December 31, 2022
Goodwill and intangible assets, net
10,826 421 — — 11,247 
Total assets20,611 5,471190 — 26,272 
Year Ended December 31, 2021
Net sales2,718 5,894 (1)— (75)8,537 
Other (charges) gains, net (Note 24)
(4)— 
Operating profit (loss)
411 1,875 (340)— 1,946 
Equity in net earnings (loss) of affiliates
126 13 — 146 
Depreciation and amortization
144 210 17 — 371 
Capital expenditures154 311 25 — 490 (3)
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(1)Includes intersegment sales of $93 million, $94 million and $75 million for the years ended December 31, 2023, 2022 and 2021, respectively.
(2)Includes a $515 million gain related to the formation of the Nutrinova joint venture included in Gain (loss) on disposition of businesses and assets, net in the consolidated statements of operations (Note 4).
(3)Includes a decrease in accrued capital expenditures of $26 million, an increase in accrued capital expenditures of $40 million and an increase in accrued capital expenditures of $23 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Schedule of Geographical Segments
The Net sales to external customers based on geographic location are as follows:
Year Ended December 31,
202320222021
(In $ millions)
Belgium499 251 268 
Brazil140 122 92 
Canada146 120 98 
China1,952 1,525 1,621 
France84 31 28 
Germany2,468 2,934 2,675 
India150 55 34 
Italy77 — 
Japan312 87 15 
Mexico361 359 330 
Singapore1,146 1,209 1,202 
South Korea154 68 
Spain58 11 — 
Switzerland223 165 140 
United Kingdom86 13 — 
U.S.2,821 2,562 2,004 
Other263 154 22 
Total10,940 9,673 8,537 
Property, plant and equipment, net based on the geographic location of the Company's facilities is as follows:
As of December 31,
20232022
(In $ millions)
Belgium112 113 
Canada121 128 
China568 688 
Germany843 937 
Italy74 64 
Japan43 52 
Mexico44 52 
Netherlands48 52 
Singapore82 99 
South Korea64 79 
Switzerland58 73 
United Kingdom118 118 
U.S.3,286 3,032 
Other123 97 
Total5,584 5,584