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Interest expense | 12 Months Ended
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Dec. 31, 2024
Borrowing costs [abstract] |
Interest expense | Interest expense
For the year ended December 31 | 2024 | 2023
Interest expense on long-term debt | (1,623) |  | (1,391) |
Interest expense on other debt | (233) |  | (219) |
Capitalized interest | 143 |  | 135 |
Total interest expense | (1,713) |  | (1,475) |
Included in interest expense on long-term debt is interest on lease liabilities of $218 million and $193 million for 2024 and 2023, respectively. Capitalized interest was calculated using an average rate of 4.50% and 4.31% for 2024 and 2023, respectively, which represents the weighted average interest rate on our outstanding long-term debt.

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- Definition The disclosure of interest expense. [Refer: Interest expense] + 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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