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Investments in Affiliates
 12 Months Ended
Dec. 31, 2025
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Investments in Affiliates Investments in Affiliates
Entities in which the Company has an investment accounted for under the equity method of accounting or equity investments without readily determinable fair values are considered affiliates; any transactions or balances with such companies are considered affiliate transactions.
Equity Method
In September 2023, the Company formed a food ingredients joint venture with Mitsui under the name Nutrinova. The Company accounted for its interest in the joint venture as an equity method investment (Note 4).
The Company has ownership interests in 14 equity method investments ranging from 22% to 50% as of December 31, 2025.
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,
20252024202520242023202520242023
(In $ millions)
Engineered Materials(1)
914 893 114 182 88 (125)(149)(145)
Other Activities63 56 13 14 14 (14)(11)(12)
Total977 949 127 196 102 (139)(160)(157)
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(1)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 is recorded in current Other liabilities (Note 10) in the consolidated balance sheets as of December 31, 2025 and 2024.
Equity Investments Without Readily Determinable Fair Values
The Company has ownership interests in 4 equity investments without readily determinable fair values ranging from 8% to 31% as of December 31, 2025.
Equity investments without readily determinable fair values by business segment are as follows:
Carrying
Value as of
December 31,
Dividend Income
Year Ended December 31,
20252024202520242023
(In $ millions)
Acetyl Chain165 165 121 127 125 
Other Activities5 5 1 1 1 
Total170 170 122 128 126 
Transactions with Affiliates
The Company owns manufacturing facilities at the InfraServ location in Frankfurt am Main-Hoechst, Germany and has contractual agreements with its InfraServ equity affiliates and certain other equity affiliates and investees accounted for at cost less impairment losses, adjusted for observable price changes for an identical or similar investment of the same issuer. These contractual agreements primarily relate to energy purchases, site services and purchases of product for consumption and resale.
Transactions and balances with affiliates are as follows:
Year Ended December 31,
202520242023
(In $ millions)
Purchases432 452 490 
Sales and other credits86 89 212 
As of December 31,
20252024
(In $ millions)
Trade receivables6 11 
Non-trade receivables27 30 
Current notes receivables50 65 
Total due from affiliates83 106 
Short-term borrowings(1)
47 37 
Trade payables46 25 
Current Other liabilities37 34 
Total due to affiliates130 96 
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(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.