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FINANCE COSTS, NET
 12 Months Ended
Dec. 31, 2022
Finance costs [Abstract]  
Finance Costs, Net Finance Costs, Net
For the years ended December 31 2022 2021
Interest expense1
 $366  $357 
Amortization of debt issue costs 1  1 
Amortization of premium —  (1)
Interest on lease liabilities 4  5 
Loss on interest rate hedges 1  3 
Interest capitalized2
 (29) (16)
Accretion 66  48 
Gain on debt extinguishment (14) — 
Finance income (94) (42)
Total $301  $355 
1Interest in the consolidated statements of cash flow is presented on a cash basis. In 2022, cash interest paid was $305 million (2021: $303 million).
2For the year ended December 31, 2022, the general capitalization rate was 6.20% (2021: 6.00%).