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FINANCE COSTS, NET | 12 Months Ended
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Dec. 31, 2024
Finance costs [Abstract] |
Finance Costs, Net | n Finance Costs, Net
For the years ended December 31 | 2024 | 2023
Interest expense 1 | $452 |  | $387 |
Amortization of debt issue costs | 1 |  | 1 |
Amortization of premium | (1) |  | — |
Interest on lease liabilities | 4 |  | 5 |
Loss on interest rate hedges | 1 |  | 1 |
Interest capitalized 2 | (33) |  | (42) |
Accretion | 89 |  | 87 |
Finance income | (281) |  | (269) |
Total | $232 |  | $170 |
1 Interest in the consolidated statements of cash flow is presented on a cash basis. In 2024, cash interest paid was $380 million (2023: $300 million). 2For the year ended December 31, 2024, the general capitalization rate was 6.40% (2023: 6.60%).

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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 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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