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Goodwill and Intangible Assets, net | 3 Months Ended
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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 |  |
______________________________ (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 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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