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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 327 $ 420
Short-term investments and deposits 115 172
Trade receivables 1,260 1,376
Inventories 1,626 1,703
Prepaid expenses and other receivables 258 363
Total current assets 3,586 4,034
Non-current assets    
Deferred tax assets 143 152
Property, plant and equipment 6,462 6,329
Intangible assets 869 873
Other non-current assets 261 239
Total non-current assets 7,735 7,593
Total assets 11,321 11,627
Current liabilities    
Short-term debt 384 858
Trade payables 1,002 912
Provisions 63 85
Other payables 879 783
Total current liabilities 2,328 2,638
Non-current liabilities    
Long-term debt and debentures 1,909 1,829
Deferred tax liabilities 481 489
Long-term employee liabilities 331 354
Long-term provisions and accruals 230 224
Other 55 56
Total non-current liabilities 3,006 2,952
Total liabilities 5,334 5,590
Equity    
Total shareholders’ equity 5,724 [1],[2] 5,768
Non-controlling interests 263 269
Total equity 5,987 6,037
Total liabilities and equity $ 11,321 $ 11,627
[1] The EBITDA calculation for the financial covenants, which amounted to $1,412 million in 2024, is according to the agreements with the financial institutions.
[2] The examination of compliance with the financial covenants is based on the Company's consolidated financial statements. As of December 31, 2024, the Company complies with all of its financial covenants.