Asset retirement obligations

6 Months Ended

Jun. 30, 2025

Asset retirement obligation costs related to accretion of the Company’s liabilities and depreciation of the

related assets were as follows:


	For the three months ended June 30,		For the six months ended June 30,
(In millions)	2025	2024	2025	2024
Accretion	$4	$3	$7	$7
Depreciation	6	5	11	9
Total costs	$10	$8	$18	$16

As of June 30, 2025 and December 31, 2024, the current portion of the Company’s liability for asset

retirement obligations, which is included within Other current liabilities on the condensed consolidated balance

sheets, was $34 million and $27 million, respectively, and the noncurrent portion of the Company’s liability for asset

retirement obligations, which is included in Other noncurrent liabilities on the condensed consolidated balance

sheets, was $239 million and $242 million, respectively. The following is a reconciliation of asset retirement

obligations:


(In millions)		2025
Balance as of January 1		$269
Accretion expense		7
Liabilities incurred and acquired		2
Liabilities settled		(7)
Foreign currency translation adjustment		2
Balance as of June 30		$273