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Benefit Obligations
3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Benefit Obligations Benefit Obligations
The components of net periodic benefit cost are as follows:
Three Months Ended March 31,
20252024
Pension
Benefits
Post-retirement
Benefits
Pension
Benefits
Post-retirement
Benefits
(In $ millions)
Service cost— — 
Interest cost29 31 
Expected return on plan assets
(32)— (34)— 
Total— 
Benefit obligation funding is as follows:
As of
March 31,
2025
Total
Expected
2025
(In $ millions)
Cash contributions to defined benefit pension plans30 
Benefit payments to nonqualified pension plans18 
Benefit payments to other postretirement benefit plans
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 March 31, 2025As of December 31, 2024
Pension
Benefits
Post-retirement
Benefits
Pension
Benefits
Post-retirement
Benefits
(In $ millions)
Noncurrent Other assets142 — 135 — 
Current Other liabilities(22)(4)(22)(3)
Benefit obligations(359)(33)(358)(31)
Net amount recognized(239)(37)(245)(34)