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Pension and other postretirement benefits (Tables)
3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The components of net periodic benefit cost recognized in the Condensed Consolidated Statements of Income for the Pension and Other Postretirement Benefit (OPEB) Plans were:
U.S.Non-U.S.
Three months endedThree months ended
March 31March 31
in $ millions2025202420252024
Service cost– – 10 10 
Interest cost20 21 
Expected return on assets(5)(5)(23)(22)
Amortization of:
Past service credit– – (3)(3)
Actuarial loss– 
Settlement gain (i)– – – (3)
Net periodic benefit cost (ii) (iii)
(i)     Settlement gain of $3 million for the three months ended March 31, 2024 relates to pension plans divested as part of the sale of the Company's Lime operations in Europe and is included in (loss) gain on divestitures and investments, within Other nonoperating (expense) income, net.
(ii) Includes net periodic benefit cost of $1 million and $1 million related to OPEB plans for the three months ended March 31, 2025 and March 31, 2024, respectively.
(iii) Service cost is included within Cost of revenues and Selling, general and administrative expenses while all other cost components are recorded within Other nonoperating (expense) income, net.