v3.26.1
Benefit Obligations
 6 Months Ended
Jun. 30, 2026
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,
2026202520262025
Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits
(In $ millions)
Service cost2 — 3 — 5 — 7 — 
Interest cost28 1 31 — 55 1 60 1 
Expected return on plan assets(33)— (32)— (65)— (64)— 
Amortization of prior service cost (credit)(1)— — — (1)— — — 
Total(4)1 2 — (6)1 3 1 
Benefit obligation funding is as follows:
As of
June 30,
2026
Total
Expected
2026
(In $ millions)
Cash contributions to defined benefit pension plans15 33 
Benefit payments to nonqualified pension plans9 17 
Benefit payments to other postretirement benefit plans2 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, 2026As of December 31, 2025
Pension
Benefits		Post-retirement
Benefits		Pension
Benefits		Post-retirement
Benefits
(In $ millions)
Noncurrent Other assets169 — 159 — 
Current Other liabilities(22)(4)(22)(3)
Benefit obligations(285)(33)(307)(32)
Net amount recognized(138)(37)(170)(35)