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Benefit Obligations (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Contributions to Defined Contribution Plans
The amount of costs recognized for the Company's defined contribution plans are as follows:
Year Ended December 31,
202420232022
(In $ millions)
Defined contribution plans79 83 62 
Schedule of Company's Pension and Post Retirement Benefit Plans
Summarized information on the Company's pension and postretirement benefit plans is as follows:
Pension Benefits
As of December 31,		Postretirement Benefits
As of December 31,
2024202320242023
(In $ millions)
Change in Projected Benefit Obligation
Projected benefit obligation as of beginning of period2,923 2,858 40 38 
Service cost13 11 1 — 
Interest cost125 132 1 2 
Net actuarial (gain) loss(1)
(31)144 (1)2 
Divestiture(2)
— (4)— — 
Settlements(9)(16)— — 
Benefits paid(227)(226)(4)(3)
Curtailments(7)— (2)— 
Special termination benefits1 — — — 
Exchange rate changes(50)24 (1)1 
Projected benefit obligation as of end of period2,738 2,923 34 40 
Change in Plan Assets
Fair value of plan assets as of beginning of period2,652 2,625 — — 
Actual return on plan assets66 213 — — 
Employer contributions50 46 4 3 
Divestiture(2)
— (2)— — 
Settlements(9)(16)— — 
Benefits paid(3)
(227)(226)(4)(3)
Exchange rate changes(39)12 — — 
Fair value of plan assets as of end of period2,493 2,652 — — 
Funded status as of end of period(245)(271)(34)(40)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
Noncurrent Other assets135 166 — — 
Current Other liabilities(22)(22)(3)(3)
Benefit obligations(358)(415)(31)(37)
Net amount recognized(245)(271)(34)(40)
Amounts Recognized in Accumulated Other Comprehensive Income Consist of:
Net actuarial (gain) loss(4)
28 24 — — 
Prior service (benefit) cost— — (1)(1)
Net amount recognized28 24 (1)(1)
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(1)Primarily relates to changes in discount rates.
(2)Represents plan obligations and assets contributed to the Nutrinova joint venture (Note 4).
(3)Includes benefit payments to nonqualified pension plans of $19 million and $20 million as of December 31, 2024 and 2023, respectively.
(4)Relates to the pension plans of the Company's equity method investments.
Schedule of Percentage of US and International Projected Benefit Obligation
The percentage of U.S. and international projected benefit obligation at the end of the period is as follows:
Pension Benefits
As of December 31,		Postretirement Benefits
As of December 31,
2024202320242023
(In percentages)
U.S. plans71 71 38 37 
International plans29 29 62 63 
Total100 100 100 100 
Schedule of Percentage of US and International Fair Value of Plan Assets
The percentage of U.S. and international fair value of plan assets at the end of the period is as follows:
Pension Benefits
As of December 31,
20242023
(In percentages)
U.S. plans74 75 
International plans26 25 
Total100 100 
Schedule of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
Pension plans with projected benefit obligations in excess of plan assets are as follows:
As of December 31,
20242023
(In $ millions)
Projected benefit obligation711 788 
Fair value of plan assets332 352 
Other postretirement plans with accumulated postretirement benefit obligations in excess of plan assets are as follows:
As of December 31,
20242023
(In $ millions)
Accumulated postretirement benefit obligation34 40 
Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Pension plans with accumulated benefit obligations in excess of plan assets are as follows:
As of December 31,
20242023
(In $ millions)
Accumulated benefit obligation691 738 
Fair value of plan assets332 329 
Other postretirement plans with accumulated postretirement benefit obligations in excess of plan assets are as follows:
As of December 31,
20242023
(In $ millions)
Accumulated postretirement benefit obligation34 40 
Schedule of Accumulated Benefit Obligation for All Defined Benefit Pension Plans
The accumulated benefit obligation for all defined benefit pension plans is as follows:
As of December 31,
20242023
(In $ millions)
Accumulated benefit obligation2,706 2,882 
Schedule of Net Periodic Benefit Costs
The components of net periodic benefit cost are as follows:
Pension Benefits
Year Ended December 31,		Postretirement Benefits
Year Ended December 31,
202420232022202420232022
(In $ millions)
Service cost13 11 12 1 — 1 
Interest cost125 132 67 1 2 1 
Expected return on plan assets(135)(132)(166)— — — 
Recognized actuarial (gain) loss38 63 91 (1)3 (10)
Curtailment (gain) loss(7)— — (2)— — 
Settlement (gain) loss— 1 — — — — 
Special termination benefit1 — — — — — 
Total35 75 4 (1)5 (8)
Schedule of Nonqualified Pension Plans Funded with Nonqualified Trusts
The Company maintains nonqualified pension plans funded with nonqualified trusts for certain U.S. employees as follows:
As of December 31,
20242023
(In $ millions)
Nonqualified Trust Assets
Marketable securities6 5 
Noncurrent Other assets, consisting of insurance contracts18 21 
Nonqualified Pension Obligations
Current Other liabilities18 18 
Benefit obligations136 149 
Schedule of Expense Related to Nonqualified Pension Plans Included in Net Periodic Benefit Cost, Excluding Returns on Assets
(Income) expense relating to the nonqualified pension plans included in net periodic benefit cost, excluding returns on the assets held by the nonqualified trusts, is as follows:
Year Ended December 31,
202420232022
(In $ millions)
Total6 16 (34)
Schedule of Principal Weighted Average Assumptions Used to Determine Benefit Obligations and Benefit Cost
The principal weighted average assumptions used to determine benefit obligation are as follows:
Pension Benefits
As of December 31,		Postretirement Benefits
As of December 31,
2024202320242023
(In percentages)
Discount Rate Obligations
U.S. plans5.6 5.1 5.5 5.1 
International plans3.1 3.1 4.4 4.1 
Combined4.8 4.5 4.8 4.5 
Rate of Compensation Increase
U.S. plansN/AN/A
International plans3.1 2.8 
Combined3.1 2.8 
The principal weighted average assumptions used to determine net periodic benefit cost are as follows:
Pension Benefits
Year Ended December 31,		Postretirement Benefits
Year Ended December 31,
202420232022202420232022
(In percentages)
Discount Rate Obligations
U.S. plans5.1 5.5 2.8 5.1 5.4 2.7 
International plans3.1 3.4 1.4 4.1 4.7 2.4 
Combined4.5 4.9 2.5 4.5 5.1 2.5 
Discount Rate Service Cost
U.S. plansN/AN/AN/A5.7 5.9 3.5 
International plans2.9 3.5 1.5 3.7 4.4 2.1 
Combined2.9 3.5 1.5 3.7 4.5 2.1 
Discount Rate Interest Cost
U.S. plans5.1 5.4 2.2 5.1 5.3 2.0 
International plans3.0 3.4 1.2 4.1 4.7 2.1 
Combined4.5 4.8 2.0 4.4 5.0 2.1 
Expected Return on Plan Assets
U.S. plans5.5 5.5 5.5 
International plans4.8 4.4 4.9 
Combined5.3 5.2 5.4 
Rate of Compensation Increase
U.S. plansN/AN/AN/A
International plans2.8 2.8 2.5 
Combined2.8 2.8 2.5 
Interest Crediting Rate
U.S. plans4.1 4.3 1.9 
International plans1.4 1.0 1.0 
Combined4.0 4.3 1.9 
Schedule of Health Care Cost Trend Rates
The Company's health care cost trend assumptions for U.S. postretirement medical plan's net periodic benefit cost are as follows:
As of December 31,
202420232022
(In percentages, except year)
Health care cost trend rate assumed for next year7.0 7.3 7.5 
Health care cost trend ultimate rate5.0 5.0 5.0 
Health care cost trend ultimate rate year203220322032
Schedule of Weighted Average Target Asset Allocations
The weighted average target asset allocations for the Company's pension plans in 2024 are as follows:
U.S.
Plans		International
Plans
(In percentages)
Bonds - domestic to plans84 38 
Equities - domestic to plans8 19 
Equities - international to plans8 8 
Other— 35 
Total100 100 
Schedule of Fair Values of Pension Plan Assets
Fair Value Measurement
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Total
As of December 31,
202420232024202320242023
(In $ millions)
Assets
Cash and cash equivalents12 7 — — 12 7 
Derivatives
Swaps— — 13 60 13 60 
Equity securities
U.S. companies26 21 — — 26 21 
International companies126 148 — — 126 148 
Fixed income
Corporate debt— — 624 686 624 686 
Treasuries, other debt47 87 1,008 1,013 1,055 1,100 
Mortgage backed securities— — 14 13 14 13 
Insurance contracts— — 109 104 109 104 
Other3 3 21 19 24 22 
Total investments, at fair value(1)
214 266 1,789 1,895 2,003 2,161 
Liabilities
Derivatives
Swaps— — 13 60 13 60 
Total liabilities— — 13 60 13 60 
Total net assets(2)
214 266 1,776 1,835 1,990 2,101 
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(1)Certain investments that are measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. Total investments, at fair value, for the year ended December 31, 2024 excludes investments in pooled-type investments, registered investment companies and short-term investment funds with fair values of $431 million, $34 million and $35 million, respectively. Total investments, at fair value, for the year ended December 31, 2023 excludes investments in pooled-type investments, registered investment companies and short-term investment funds with fair values of $460 million, $43 million and $31 million, respectively.
(2)Total net assets excludes non-financial plan receivables and payables of $20 million and $17 million, respectively, as of December 31, 2024 and $22 million and $5 million, respectively, as of December 31, 2023. Non-financial items include due to/from broker, interest receivables and accrued expenses.
Schedule of Company Commitments to Fund Benefit Obligations
Benefit obligation funding is as follows:
Total
Expected
2025
(In $ millions)
Cash contributions to defined benefit pension plans30 
Benefit payments to nonqualified pension plans18 
Benefit payments to other postretirement benefit plans3 
Schedule of Pension Benefits Expected to be Paid from the Plans or From the Company's Assets
Pension and postretirement benefits expected to be paid are as follows:
Pension
Benefit
Payments(1)
Company Portion
of Postretirement
Benefit Cost(2)
(In $ millions)
2025235 3 
2026233 3 
2027227 3 
2028225 2 
2029225 2 
2030-20341,017 10 
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(1)Payments are expected to be made primarily from plan assets.
(2)Payments are expected to be made primarily from Company assets.