v3.26.1
Goodwill and Intangible Assets, net
6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill
Engineered
Materials
Acetyl ChainTotal
(In $ millions)
As of December 31, 2025(1)
3,782 389 4,171 
Transfer(2)
— 
Exchange rate changes(15)(7)(22)
As of June 30, 2026(1)
3,769 382 4,151 
______________________________
(1)Includes accumulated impairment losses of $2.7 billion in the Engineered Materials segment.
(2)Related to the sale of the Micromax® business (Note 3).
Intangible Assets, Net
Finite-lived intangible assets are as follows:
LicensesCustomer-
Related
Intangible
Assets
Developed
Technology
Covenants
Not to
Compete
and Other
Total
(In $ millions)
Gross Asset Value
As of December 31, 202541 2,431 563 54 3,089 
Exchange rate changes(22)(7)(27)
As of June 30, 202642 2,409 556 55 3,062 
Accumulated Amortization
As of December 31, 2025(39)(887)(170)(44)(1,140)
Amortization— (59)(20)— (79)
Exchange rate changes(1)13 — 14 
As of June 30, 2026(40)(933)(188)(44)(1,205)
Net book value1,476 368 11 1,857 
Indefinite-lived intangible assets are as follows:
Trademarks
and Trade Names
(In $ millions)
As of December 31, 20251,235 
Exchange rate changes(17)
As of June 30, 20261,218 
During the six months ended June 30, 2026, the Company did not renew or extend any intangible assets.
Estimated amortization expense for the succeeding five fiscal years is as follows:
(In $ millions)
2027157 
2028157 
2029152 
2030149 
2031147