TRADE PAYABLES AND OTHER (Tables)

6 Months Ended

Jun. 30, 2025

Payables and Accruals [Abstract]

Schedule of current and noncurrent liabilities


						At June 30, 2025												At December 31, 2024
(in millions of U.S. dollar)						Non-current						Current						Non-current						Current
Trade payables						—						1,294						—						959

Employees' entitlements						—						245						—						204

Contract liabilities and other liabilities to customers						31						73						33						65
Operating lease liabilities						103						21						95						17
Other payables						35						84						28						64
Total other						169						423						156						350
Total trade payables and other						169						1,717						156						1,309

Summary of movement in contract with customer, contract liability

Revenue related to contract liabilities and other liabilities to customers for the six months ended June 30, 2025 and 2024 are presented in the table below:


						Six months ended June 30,
(in millions of U.S. dollar)						2025						2024
Contract liabilities and other liabilities to customers at January 1,						98						100
Revenue deferred to contract liabilities						20						31
Revenue recognized from contract liabilities						(22)						(36)
Effect of changes in foreign currency rates and other changes						8						(4)
Contract liabilities and other liabilities to customers at June 30,						104						91