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FINANCE COSTS, NET
 12 Months Ended
Dec. 31, 2023
Finance costs [Abstract]  
Finance Costs, Net Finance Costs, Net
For the years ended December 31 2023 2022
Interest expense1
 $387  $366 
Amortization of debt issue costs 1  1 
Interest on lease liabilities 5  4 
Loss on interest rate hedges 1  1 
Interest capitalized2
 (42) (29)
Accretion 87  66 
Gain on debt extinguishment —  (14)
Finance income (269) (94)
Total $170  $301 
1Interest 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%).