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Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill
Engineered
Materials
Acetyl
Chain
Total
(In $ millions)
As of December 31, 2022
6,775 367 7,142 
Acquisitions (Note 4)
(107)— (107)
Dispositions (Note 4)
(80)— (80)
Exchange rate changes14 22 
As of December 31, 2023(1)
6,602 375 6,977 
Impairment losses(1,517)— (1,517)
Exchange rate changes(60)(13)(73)
As of December 31, 2024(1)
5,025 362 5,387 
______________________________
(1)Includes accumulated impairment losses of $1.5 billion in the Engineered Materials segment as of December 31, 2024. There were no accumulated impairment losses as of December 31, 2023.
Schedule of Finite-Lived Intangible Assets, Net
Finite-lived intangible assets are as follows:
LicensesCustomer-
Related
Intangible
Assets
Developed
Technology
Covenants
Not to
Compete
and Other
Total
(In $ millions)
Gross Asset Value
As of December 31, 202242 2,455 601 55 3,153 
Disposition (Note 4)
— (60)(1)— (61)
Exchange rate changes(1)42 — 42 
As of December 31, 202341 2,437 601 55 3,134 
Exchange rate changes(1)(31)(14)— (46)
As of December 31, 202440 2,406 587 55 3,088 
Accumulated Amortization
As of December 31, 2022(39)(567)(50)(40)(696)
Amortization— (120)(43)(1)(164)
Disposition (Note 4)
— 59 — 60 
Exchange rate changes(11)(3)(1)(14)
As of December 31, 2023(38)(639)(95)(42)(814)
Amortization— (116)(42)(1)(159)
Exchange rate changes27 — 31 
As of December 31, 2024(37)(728)(134)(43)(942)
Net book value1,678 453 12 2,146 
Schedule of Indefinite-Lived Intangible Assets, Net
Indefinite-lived intangible assets are as follows:
Trademarks
and Trade Names
(In $ millions)
As of December 31, 20221,648 
Dispositions (Note 4)
(14)
Exchange rate changes21 
As of December 31, 20231,655 
Impairment losses(117)
Exchange rate changes(43)
As of December 31, 20241,495 
Schedule of Estimated Amortization Expense
Estimated amortization expense for the succeeding five fiscal years is as follows:
 (In $ millions)
2025162 
2026162 
2027162 
2028162 
2029157