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Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Notes to Consolidated Financial Statements [Abstract]  
Schedule of intangible assets - composition
  A.
Composition
 
 
Goodwill
Concessions and mining rights
Trademarks
Technology / patents
Customer relationships
Computer
application
Others
Total
 
$ millions
 
Cost
                
Balance as of January 1, 2023
526
210
84
108
194
142
69
1,333
Additions
-
1
-
8
-
24
2
35
Disposals
-
-
-
-
-
(1)
-
(1)
Translation differences
23
-
2
3
6
1
2
37
Balance as of December 31, 2023
549
211
86
119
200
166
73
1,404
Amortization
      
 
        
Balance as of January 1, 2023
19
85
34
60
144
82
57
481
Amortization for the year
-
6
2
5
12
12
5
42
Translation differences
-
-
1
1
4
1
1
8
Balance as of December 31, 2023
19
91
37
66
160
95
63
531
       
-
        
Amortized Balance as of December 31 ,2023
530
120
49
53
40
71
10
873

 

 
 
Goodwill
Concessions and mining rights
Trademarks
Technology / patents
Customer relationships
Computer
application
Others
Total
 
$ millions
 
Cost
                
Balance as of January 1, 2022
522
215
88
97
203
124
70
1,319
Additions
-
2
-
9
-
20
2
33
Adjustment to PPA (1)
5
-
-
6
(6)
-
-
5
Translation differences
(1)
(7)
(4)
(4)
(3)
(2)
(3)
(24)
Balance as of December 31, 2022
526
210
84
108
194
142
69
1,333
Amortization
      
 
        
Balance as of January 1, 2022
20
80
34
58
131
74
55
452
Amortization for the year
-
6
2
5
15
9
3
40
Translation differences
(1)
(1)
(2)
(3)
(2)
(1)
(1)
(11)
Balance as of December 31, 2022
19
85
34
60
144
82
57
481
       
-
        
Amortized Balance as of December 31 ,2022
507
125
50
48
50
60
12
852
 
  (1)
In July 2022, the Company completed the ADS’s Purchase Price Allocation (PPA).
     
Schedule of total book value of intangible assets having defined and indefinite useful lives
  B.
Total book value of intangible assets having defined useful lives and those having indefinite useful lives are as follows:
 
 
As of December 31
 
2023
2022
 
$ millions
$ millions
 
Intangible assets having a defined useful life
311
313
Intangible assets having an indefinite useful life
562
539
 
873
852