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Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
As of December 31,
20242023
(In $ millions)
Land240 260 
Land improvements91 85 
Buildings and building improvements1,059 1,082 
Machinery and equipment7,745 7,157 
Construction in progress700 1,080 
Gross asset value9,835 9,664 
Accumulated depreciation(4,562)(4,080)
Net book value5,273 5,584 
Assets under finance leases, net, included in the amounts above were $119 million and $154 million as of December 31, 2024 and 2023, respectively.
Capitalized interest costs and depreciation expense are as follows:
Year Ended December 31,
202420232022
(In $ millions)
Capitalized interest30 37 18 
Depreciation expense640 540 399 
During 2024, 2023 and 2022, certain long-lived assets were impaired (Note 24).