Intangible assets, net (Tables)

12 Months Ended

Dec. 31, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net at December 31 were:

in $ millions	2024	2023
Marketing-related	337	310
Customer-related (i)	1,394	1,260
Contract-based	110	101
Software costs	126	–
IT projects in progress	63	–
Total intangible assets, gross	2,030	1,671
Accumulated amortization	(819)	(630)
Total intangible assets, net	1,211	1,041

(i)    The customer-related intangible assets relate predominantly to non-contractual customer relationships.

Schedule of Future Amortization Expense

The estimated amortization for intangible assets for the five years subsequent to December 31, 2024, and thereafter is as follows:

in $ millions	2025	2026	2027	2028	2029	2030 and thereafter
Amortization	207	112	116	104	85	587