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FINANCE COSTS, NET (Tables)
 12 Months Ended
Dec. 31, 2024
Finance costs [Abstract]  
Schedule of finance costs, net
For the years ended December 31 2024 2023
Interest expense1
 $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 capitalized2
 (33) (42)
Accretion 89  87 
Finance income (281) (269)
Total $232  $170 
1Interest 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%).