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Investments in Affiliates
 12 Months Ended
Dec. 31, 2024
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Investments in Affiliates Investments in Affiliates
Entities in which the Company has an investment accounted for under the equity method of accounting or equity investments without readily determinable fair values are considered affiliates; any transactions or balances with such companies are considered affiliate transactions.
Equity Method
In September 2023, the Company formed a food ingredients joint venture with Mitsui under the name Nutrinova. The Company accounted for its interest in the joint venture as an equity method investment. See Note 4 for additional information.
As a part of the M&M Acquisition, the Company acquired certain equity method investments and ownership interests.
The Company has ownership interests in 14 equity method investments ranging from 22% to 50% at December 31, 2024.
Equity method investments by business segment are as follows:
Carrying
Value as of
December 31,		Share of
Earnings (Loss)
Year Ended
December 31,		Dividends and
Other Distributions Year Ended
December 31,
20242023202420232022202420232022
(In $ millions)
Engineered Materials(1)
893 898 182 88 209 (149)(145)(204)
Other Activities56 56 14 14 11 (11)(12)(13)
Total949 954 196 102 220 (160)(157)(217)
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(1)Engineered Materials includes an equity method investment with losses in excess of its carrying amount due to the Company's guarantee of various debt obligations under agreements with third parties related to an equity affiliate (Note 19). This equity method investment was recorded in Current Other liabilities (Note 10) as of December 31, 2024 and 2023.
Equity Investments Without Readily Determinable Fair Values
The Company has ownership interests in 4 equity investments without readily determinable fair values ranging from 8% to 31% at December 31, 2024.
Equity investments without readily determinable fair values by business segment are as follows:
Carrying
Value
as of
December 31,		Dividend
Income for the
Year Ended
December 31,
20242023202420232022
(In $ millions)
Engineered Materials
Acetyl Chain165 165 127 125 132 
Other Activities5 5 1 1 1 
Total170 170 128 126 133 
Transactions with Affiliates
The Company owns manufacturing facilities at the InfraServ location in Frankfurt am Main-Hoechst, Germany and has contractual agreements with its InfraServ equity affiliates and certain other equity affiliates and investees accounted for at cost less impairment, adjusted for observable price changes for an identical or similar investment of the same issuer. These contractual agreements primarily relate to energy purchases, site services and purchases of product for consumption and resale.
Transactions and balances with affiliates are as follows:
Year Ended December 31,
202420232022
(In $ millions)
Purchases452 490 590 
Sales and other credits89 212 72 
As of December 31,
20242023
(In $ millions)
Trade receivables11 7 
Non-trade receivables30 40 
Current notes receivables65 57 
Total due from affiliates106 104 
Short-term borrowings(1)
37 23 
Trade payables25 52 
Current Other liabilities34 34 
Total due to affiliates96 109 
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(1)The Company has agreements with certain affiliates whereby excess affiliate cash is lent to and managed by the Company at variable interest rates governed by those agreements.