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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
The components of lease expense are as follows:
Year Ended December 31,Statement of Operations Classification
202420232022
(In $ millions)
Lease Cost
Operating lease cost99 99 66 Cost of sales / Selling, general and administrative expenses
Short-term lease cost18 19 19 Cost of sales / Selling, general and administrative expenses
Variable lease cost17 13 15 Cost of sales / Selling, general and administrative expenses
Finance lease cost
Amortization of leased assets20 21 19 Cost of sales
Interest on lease liabilities8 10 11 Interest expense
Sublease income— — 2 Other income (expense), net
Total net lease cost162 162 132 
Supplemental consolidated balance sheet information related to leases is as follows:
As of December 31,Balance Sheet Classification
20242023
(In $ millions)
Leases
Assets
Operating lease assets388 422 Operating lease ROU assets
Finance lease assets119 154 Property, plant and equipment, net
Total leased assets507 576 
Liabilities
Current
Operating79 89 Current Other liabilities
Finance23 24 Short-term borrowings and current installments of long-term debt
Noncurrent
Operating294 325 Operating lease liabilities
Finance122 124 Long-term debt
Total lease liabilities518 562 
As of December 31,
20242023
Weighted-Average Remaining Lease Term (years)
Operating leases8.48.6
Finance leases7.77.8
Weighted-Average Discount Rate
Operating leases3.3 %3.5 %
Finance leases5.6 %6.2 %
Supplemental consolidated cash flow information related to leases is as follows:
Year Ended December 31,
202420232022
(In $ millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases90 92 52 
Operating cash flows from finance leases8 10 11 
Financing cash flows from finance leases24 24 25 
ROU assets obtained in exchange for finance lease liabilities (Note 20)
27 2 28 
ROU assets obtained in exchange for operating lease liabilities70 58 93 
Maturities of lease liabilities are as follows:
As of December 31, 2024
Operating LeasesFinance Leases
(In $ millions)
202590 30 
202674 27 
202749 23 
202841 20 
202939 19 
Later years131 71 
Total lease payments424 190 
Less amounts representing interest(51)(45)
Total lease obligations373 145 
Leases Leases
The components of lease expense are as follows:
Year Ended December 31,Statement of Operations Classification
202420232022
(In $ millions)
Lease Cost
Operating lease cost99 99 66 Cost of sales / Selling, general and administrative expenses
Short-term lease cost18 19 19 Cost of sales / Selling, general and administrative expenses
Variable lease cost17 13 15 Cost of sales / Selling, general and administrative expenses
Finance lease cost
Amortization of leased assets20 21 19 Cost of sales
Interest on lease liabilities8 10 11 Interest expense
Sublease income— — 2 Other income (expense), net
Total net lease cost162 162 132 
Supplemental consolidated balance sheet information related to leases is as follows:
As of December 31,Balance Sheet Classification
20242023
(In $ millions)
Leases
Assets
Operating lease assets388 422 Operating lease ROU assets
Finance lease assets119 154 Property, plant and equipment, net
Total leased assets507 576 
Liabilities
Current
Operating79 89 Current Other liabilities
Finance23 24 Short-term borrowings and current installments of long-term debt
Noncurrent
Operating294 325 Operating lease liabilities
Finance122 124 Long-term debt
Total lease liabilities518 562 
As of December 31,
20242023
Weighted-Average Remaining Lease Term (years)
Operating leases8.48.6
Finance leases7.77.8
Weighted-Average Discount Rate
Operating leases3.3 %3.5 %
Finance leases5.6 %6.2 %
Supplemental consolidated cash flow information related to leases is as follows:
Year Ended December 31,
202420232022
(In $ millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases90 92 52 
Operating cash flows from finance leases8 10 11 
Financing cash flows from finance leases24 24 25 
ROU assets obtained in exchange for finance lease liabilities (Note 20)
27 2 28 
ROU assets obtained in exchange for operating lease liabilities70 58 93 
Maturities of lease liabilities are as follows:
As of December 31, 2024
Operating LeasesFinance Leases
(In $ millions)
202590 30 
202674 27 
202749 23 
202841 20 
202939 19 
Later years131 71 
Total lease payments424 190 
Less amounts representing interest(51)(45)
Total lease obligations373 145