Benefit Obligations

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Benefit Obligations

Benefit Obligations

The components of net periodic benefit cost are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	Pension Benefits	Post-retirement Benefits	Pension Benefits	Post-retirement Benefits	Pension Benefits	Post-retirement Benefits	Pension Benefits	Post-retirement Benefits
	(In $ millions)
Service cost	3	1	3	—	10	1	10	1
Interest cost	17	—	13	1	50	1	40	1
Expected return on plan assets	(42)	—	(51)	—	(125)	—	(154)	—
Total	(22)	1	(35)	1	(65)	2	(104)	2

Benefit obligation funding is as follows:

	As of September 30, 2022	Total Expected 2022
	(In $ millions)
Cash contributions to defined benefit pension plans	17	24
Benefit payments to nonqualified pension plans	15	19
Benefit payments to other postretirement benefit plans	2	4

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:

	As of September 30, 2022		As of December 31, 2021
	Pension Benefits	Post-retirement Benefits	Pension Benefits	Post-retirement Benefits
	(In $ millions)
Noncurrent Other assets	288	—	221	—
Current Other liabilities	(22)	(4)	(22)	(4)
Benefit obligations	(439)	(45)	(504)	(47)
Net amount recognized	(173)	(49)	(305)	(51)