Goodwill and Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

	Engineered Materials	Acetyl Chain	Total
	(In $ millions)
As of December 31, 2023	6,602	375	6,977
Exchange rate changes	(46)	(5)	(51)
As of March 31, 2024(1)	6,556	370	6,926

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(1)There were no accumulated impairment losses as of March 31, 2024.

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, 2023	41	2,437	601	55	3,134
Exchange rate changes	(1)	(28)	—	—	(29)
As of March 31, 2024	40	2,409	601	55	3,105
Accumulated Amortization
As of December 31, 2023	(38)	(639)	(95)	(42)	(814)
Amortization	—	(30)	(11)	—	(41)
Exchange rate changes	—	9	2	1	12
As of March 31, 2024	(38)	(660)	(104)	(41)	(843)
Net book value	2	1,749	497	14	2,262

Schedule of Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets are as follows:

	Trademarks and Trade Names
	(In $ millions)
As of December 31, 2023	1,655
Exchange rate changes	(15)
As of March 31, 2024	1,640

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

	(In $ millions)
2025	161
2026	160
2027	160
2028	160
2029	155