Intangible assets, net (Tables)

12 Months Ended

Dec. 31, 2025

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net as of December 31 were:

in $ millions	2025	2024
Marketing-related	349	337
Customer-related (i)	1,493	1,394
Contract-based (ii)	969	110
Software costs	202	126
IT projects in progress	79	63
Total intangible assets, gross	3,092	2,030
Accumulated amortization	(1,044)	(819)
Total intangible assets, net	2,048	1,211

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

(ii)    Contract-based intangible assets of $789 million related to supply agreements arose on the acquisition of Eco Material in September 2025.

Schedule of Future Amortization Expense

The estimated amortization for intangible assets for the five years subsequent to December 31, 2025, and thereafter is as follows:

in $ millions	2026	2027	2028	2029	2030	2031 and thereafter
Amortization	218	176	156	139	117	1,242