Goodwill and Intangible Assets, net

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Goodwill

	Engineered Materials	Acetyl Chain	Total
	(In $ millions)
As of December 31, 2024(1)	5,025	362	5,387
Exchange rate changes	17	9	26
As of March 31, 2025(1)	5,042	371	5,413

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(1)Includes accumulated impairment losses of $1.5 billion in the Engineered Materials segment as of March 31, 2025 and December 31, 2024.

Intangible Assets, Net

Finite-lived intangible assets are as follows:

	Licenses	Customer- Related Intangible Assets	Developed Technology	Covenants Not to Compete and Other	Total
	(In $ millions)
Gross Asset Value
As of December 31, 2024	40	2,406	587	55	3,088
Exchange rate changes	—	53	9	—	62
As of March 31, 2025	40	2,459	596	55	3,150
Accumulated Amortization
As of December 31, 2024	(37)	(728)	(134)	(43)	(942)
Amortization	—	(30)	(10)	—	(40)
Exchange rate changes	—	(18)	(2)	—	(20)
As of March 31, 2025	(37)	(776)	(146)	(43)	(1,002)
Net book value	3	1,683	450	12	2,148

Indefinite-lived intangible assets are as follows:

	Trademarks and Trade Names
	(In $ millions)
As of December 31, 2024	1,495
Exchange rate changes	27
As of March 31, 2025	1,522

During the three months ended March 31, 2025, the Company did not renew or extend any intangible assets.

Estimated amortization expense for the succeeding five fiscal years is as follows:

	(In $ millions)
2026	163
2027	163
2028	163
2029	158
2030	155