v3.24.0.1
Interest Expense
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Interest Expense

Note 5. Interest Expense

Interest expense includes interest and the amortization of deferred financing fees and debt discounts, less amounts capitalized, as follows:

 

 

 

 

 

 

 

 

 

(In millions)

 

2023

 

 

2022

 

 

2021

 

Interest expense before capitalization

 

$

559

 

 

$

470

 

 

$

403

 

Capitalized interest

 

 

(27

)

 

 

(19

)

 

 

(16

)

 

$

532

 

 

$

451

 

 

$

387

 

 

Cash payments for interest, net of amounts capitalized, were $514 million, $437 million and $316 million in 2023, 2022 and 2021, respectively.