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INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
(in millions of U.S. dollar)
Technology
Computer
Software
Customer
relationships
Work in
Progress
Other
Total
Intangible
Assets
At December 31, 2024
Gross carrying value
97
97
45
4
4
247
Less accumulated amortization
(47)
(83)
(18)
—
(2)
(150)
Net balance at December 31, 2024
50
14
27
4
2
97
At December 31, 2023
Gross carrying value
97
97
45
3
4
246
Less accumulated amortization
(42)
(82)
(17)
—
(1)
(142)
Net balance, at December 31, 2023
55
15
28
3
3
104
Amortization expense related to Intangible assets is shown in the table below:
At December 31,
(in millions of U.S. dollar)
2024
2023
2022
Amortization expense related to intangible assets
(13)
(14)
(15)
Schedule of Estimated Future Amortization Estimated total amortization expense related to intangible assets for the next five years is as follows:
(in millions of US Dollars)
At December 31,
2024
Year ending
2025
(13)
2026
(11)
2027
(9)
2028
(9)
2029
(8)