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Investments in Affiliates (Tables)
12 Months Ended
Dec. 31, 2024
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Schedule of Equity Method Investments
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)
____________________________
(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.
Schedule of Equity Securities without Readily Determinable Fair Value
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 Activities
Total170 170 128 126 133 
Schedule of Transactions with Affiliates
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 
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 
______________________________
(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.