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FINANCE COSTS, NET | 12 Months Ended
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Dec. 31, 2023
Finance costs [Abstract] |
Finance Costs, Net | Finance Costs, Net
For the years ended December 31 | 2023 | 2022
Interest expense 1 | $387 |  | $366 |
Amortization of debt issue costs | 1 |  | 1 |
Interest on lease liabilities | 5 |  | 4 |
Loss on interest rate hedges | 1 |  | 1 |
Interest capitalized 2 | (42) |  | (29) |
Accretion | 87 |  | 66 |
Gain on debt extinguishment | — |  | (14) |
Finance income | (269) |  | (94) |
Total | $170 |  | $301 |
1 Interest in the consolidated statements of cash flow is presented on a cash basis. In 2023, cash interest paid was $300 million (2022: $305 million). 2For the year ended December 31, 2023, the general capitalization rate was 6.60% (2022: 6.20%).

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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 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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