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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2023
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 (2) | Total
| $ millions
Cost |  |  |  |  |  |  |
Balance as of January 1, 2023 | 1,086 | 7,865 | 1,834 | 518 | 1,144 | 533 | 12,980
Additions | 35 | 455 | 179 | (3) | 78 | 94 | 838
Disposals | (4) | (98) | - | (2) | (4) | (51) | (159)
Translation differences | 23 | 58 | 12 | 10 | 1 | 3 | 107
Balance as of December 31, 2023 | 1,140 | 8,280 | 2,025 | 523 | 1,219 | 579 | 13,766
Accumulated depreciation |  |  |  |  |  |  |
Balance as of January 1, 2023 | 512 | 4,545 | 829 | - | 936 | 189 | 7,011
Depreciation | 27 | 254 | 46 | - | 84 | 83 | 494
Disposals | (1) | (68) | - | - | (3) | (49) | (121)
Translation differences | 6 | 34 | 10 | - | 1 | 2 | 53
Balance as of December 31, 2023 | 544 | 4,765 | 885 | - | 1,018 | 225 | 7,437
Depreciated balance as of December 31, 2023 | 596 | 3,515 | 1,140 | 523 | 201 | 354 | 6,329
(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. (2) The total additions were recorded against lease liabilities (IFRS 16).
| Land and buildings | Technical equipment and machinery (3) | Dikes and evaporating ponds (3) | Plants under construction (1) | Other | Right of use asset (2) | Total
| $ millions
Cost |  |  |  |  |  |  |
Balance as of January 1, 2022 | 1,107 | 7,664 | 1,465 | 664 | 1,073 | 518 | 12,491
Additions | 30 | 358 | 388 | (128) | 77 | 64 | 789
Disposals | (15) | (27) | - | - | - | (27) | (69)
Translation differences | (36) | (130) | (19) | (18) | (6) | (22) | (231)
Balance as of December 31, 2022 | 1,086 | 7,865 | 1,834 | 518 | 1,144 | 533 | 12,980
Accumulated depreciation |  |  |  |  |  |  |
Balance as of January 1, 2022 | 502 | 4,410 | 797 | - | 881 | 147 | 6,737
Depreciation | 35 | 243 | 47 | - | 59 | 74 | 458
Disposals | (7) | (25) | - | - | - | (27) | (59)
Translation differences | (18) | (83) | (15) | - | (4) | (5) | (125)
Balance as of December 31, 2022 | 512 | 4,545 | 829 | - | 936 | 189 | 7,011
Depreciated balance as of December 31, 2022 | 574 | 3,320 | 1,005 | 518 | 208 | 344 | 5,969
| (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.
| (2) | The total additions were recorded against lease liabilities (IFRS 16).
| (3) | The Company conducted an evaluation of the expected remaining useful life of Property, Plant and Equipment at its facilities in Israel. This evaluation was based on the Company's accumulated experience, ongoing maintenance practices and operational history of these facilities. The findings of this assessment, which was concluded in the third quarter, revealed that, due to the increasing adoption of new technologies and the implementation of operational excellence processes, the expected lifespan of certain Property, Plant, and Equipment exceeded their previously estimated useful life. As a result, the estimated useful life of the said assets was extended by 2‑5 years, effective from January 2023. The impact of this adjustment in 2023, is a reduction in depreciation expenses, of which $16 million was reflected in operating results, and $3 million was recorded as part of changes in inventory value.

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- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2023-03-23 + Details
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