XML 48 R34.htm IDEA: XBRL DOCUMENT v3.23.2
Benefit Obligations (Tables)
6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs Recognized
The components of net periodic benefit cost are as follows:
Three Months Ended June 30, Six Months Ended June 30,
2023202220232022
Pension
Benefits
Post-retirement
Benefits
Pension
Benefits
Post-retirement
Benefits
Pension
Benefits
Post-retirement
Benefits
Pension
Benefits
Post-retirement
Benefits
(In $ millions)
Service cost— — — — 
Interest cost34 16 66 33 
Expected return on plan assets
(33)— (42)— (66)— (83)— 
Total(22)(43)
Schedule of Company Commitments to Fund Benefit Obligations
Benefit obligation funding is as follows:
As of
June 30,
2023
Total
Expected
2023
(In $ millions)
Cash contributions to defined benefit pension plans13 27 
Benefit payments to nonqualified pension plans18 
Benefit payments to other postretirement benefit plans
Schedule of Defined Benefit Plans Disclosures
Pension and postretirement benefit plan balances recognized in the unaudited consolidated balance sheets consist of the following:
As of June 30, 2023As of December 31, 2022
Pension
Benefits
Post-retirement
Benefits
Pension
Benefits
Post-retirement
Benefits
(In $ millions)
Noncurrent Other assets164 — 160 — 
Current Other liabilities(21)(3)(21)(3)
Benefit obligations(366)(35)(372)(35)
Net amount recognized(223)(38)(233)(38)