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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract] |
Note 10 - Property, Plant and Equipment | Note 10 - Property, Plant and Equipment A. Composition
| Land and buildings | Technical equipment and machinery | Dikes and evaporating ponds | Plants under construction (1) | Other | Right of use asset | Total
| $ millions
Cost |  |  |  |  |  |  |
Balance as of January 1, 2021 | 880 | 7,419 | 1,441 | 778 | 1,003 | 496 | 12,017
Additions in respect of business combinations | 85 | 20 | - | 9 | 2 | 9 | 125
Additions | 193 | 382 | 51 | (99) | 78 | 37 | 642
Disposals | (2) | (44) | (1) | - | (6) | (20) | (73)
Exit from consolidation | (9) | (21) | - | - | (1) | (2) | (33)
Translation differences | (40) | (92) | (26) | (24) | (3) | (2) | (187)
Balance as of December 31, 2021 | 1,107 | 7,664 | 1,465 | 664 | 1,073 | 518 | 12,491
Accumulated depreciation |  |  |  |  |  |  |
Balance as of January 1, 2021 | 491 | 4,300 | 763 | - | 817 | 96 | 6,467
Depreciation | 30 | 227 | 55 | - | 71 | 71 | 454
Reversal of impairment | - | (6) | - | - | - | - | (6)
Disposals | (5) | (34) | - | - | (4) | (19) | (62)
Exit from consolidation | (3) | (19) | - | - | - | - | (22)
Translation differences | (11) | (58) | (21) | - | (3) | (1) | (94)
Balance as of December 31, 2021 | 502 | 4,410 | 797 | - | 881 | 147 | 6,737
Depreciated balance as of December 31, 2021 | 605 | 3,254 | 668 | 664 | 192 | 371 | 5,754
(1) The additions are presented net of items for which construction has been completed and accordingly were reclassified to other categories in the “property, plant and equipment” section.
| Land and buildings | Technical equipment and machinery | Dikes and evaporating ponds | Plants under construction (1) | Other | Right of use asset | Total
| $ millions
Cost |  |  |  |  |  |  |
Balance as of January 1, 2020 | 804 | 6,865 | 1,392 | 765 | 945 | 423 | 11,194
Additions | 63 | 467 | 21 | (24) | 68 | 80 | 675
Disposals | (7) | (34) | - | - | (7) | (21) | (69)
Exit from consolidation | (14) | (5) | - | - | (6) | (1) | (26)
Translation differences | 34 | 126 | 28 | 37 | 3 | 15 | 243
Balance as of December 31, 2020 | 880 | 7,419 | 1,441 | 778 | 1,003 | 496 | 12,017
Accumulated depreciation |  |  |  |  |  |  |
Balance as of January 1, 2020 | 445 | 3,950 | 666 | - | 760 | 42 | 5,863
Depreciation | 35 | 246 | 47 | - | 66 | 67 | 461
Disposals | (6) | (31) | - | - | (7) | (15) | (59)
Impairment | - | 58 | 27 | - | - | - | 85
Exit from consolidation | (2) | (4) | - | - | (4) | - | (10)
Translation differences | 19 | 81 | 23 | - | 2 | 2 | 127
Balance as of December 31, 2020 | 491 | 4,300 | 763 | - | 817 | 96 | 6,467
Depreciated balance as of December 31, 2020 | 389 | 3,119 | 678 | 778 | 186 | 400 | 5,550
(1) The additions are presented net of items for which construction has been completed and accordingly were reclassified to other categories in the “property, plant and equipment” section. B. Additional information (1) In accordance with the Company’s policy regarding the periodic examination of the estimated useful life of Property, Plant and Equipment, in 2021, the Company conducted an examination of the estimated remaining useful life of Property, Plant and Equipment at its facilities in Israel, which was based on the Company’s experience, level of maintenance and operation of the facilities over the years. According to the examination, it was found that following the increase in maintenance activity and the implementation of operational excellence processes, the life expectancy of certain Property, Plant and Equipment is higher than their previously estimated remaining useful life. Based on the assessment, the estimated useful life of the said assets was extended by 5-10 years, as of January 2021. The impact of this update is a reduction in depreciation expenses, of $51 million in earnings and a balance of $18 million as a change in inventory value. (2) In December 2021, the Company entered into an agreement with a third party for the sale of an asset located in the industrial area of Ashdod, Israel, for a consideration of about $16.5 million. As a result, the Company recognized a capital gain of $16 million as "other income" in its Statement of Income.

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