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FINANCE COSTS, NET | 12 Months Ended
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Dec. 31, 2021
Finance costs [Abstract] |
FINANCE COSTS, NET | 14 n Finance Costs, Net
For the years ended December 31 | 2021 | 2020
Interest expense 1 | $357 |  | $342 |
Amortization of debt issue costs | 1 |  | 2 |
Amortization of premium | (1) |  | (1) |
Interest on lease liabilities | 5 |  | 5 |
Loss (gain) on interest rate hedges | 3 |  | (5) |
Interest capitalized 2 | (16) |  | (24) |
Accretion | 48 |  | 41 |
Loss on debt extinguishment | — |  | 15 |
Finance income | (42) |  | (28) |
Total | $355 |  | $347 |
1 Interest in the consolidated statements of cash flow is presented on a cash basis. In 2021, cash interest paid was $303 million (2020: $295 million). 2For the year ended December 31, 2021, the general capitalization rate was 6.00% (2020: 5.90%).

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- Definition Finance costs + References No definition available. + Details
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- Definition The disclosure of finance income (cost). [Refer: Finance income (cost)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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