v3.25.2
Benefit Obligations
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Benefit Obligations Benefit Obligations
The components of net periodic benefit cost are as follows:
Three Months Ended June 30, Six Months Ended June 30,
2025202420252024
Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits
(In $ millions)
Service cost3 — 4 — 7 — 7 — 
Interest cost31 — 32 — 60 1 63 1 
Expected return on plan assets(32)— (34)— (64)— (68)— 
Total2 — 2 — 3 1 2 1 
Benefit obligation funding is as follows:
As of
June 30,
2025
Total
Expected
2025
(In $ millions)
Cash contributions to defined benefit pension plans14 30 
Benefit payments to nonqualified pension plans9 18 
Benefit payments to other postretirement benefit plans4 3 
The Company's estimates of its U.S. defined benefit pension plan contributions reflect the provisions of the Pension Protection Act of 2006.
Pension and postretirement benefit plan balances recognized in the unaudited consolidated balance sheets consist of the following:
As of June 30, 2025As of December 31, 2024
Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits
(In $ millions)
Noncurrent Other assets149 — 135 — 
Current Other liabilities(22)(4)(22)(3)
Benefit obligations(373)(33)(358)(31)
Net amount recognized(246)(37)(245)(34)