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Other current and non-current liabilities (Tables) | 9 Months Ended
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Sep. 30, 2025
Payables and Accruals [Abstract] |
Schedule of Accounts Payable and Accrued Liabilities | As of September 30, 2025 and December 31, 2024, other current liabilities included the following:
(In $ millions) |  | September 30, 2025 |  | December 31, 2024
Accrued expenses |  | 190 |  |  | 183 |
Contract liabilities |  | 67 |  |  | 63 |
Employee withheld taxes, social security and vacation payments |  | 55 |  |  | 64 |
Taxes payable |  | 28 |  |  | 20 |
Accrued interest expense |  | 8 |  |  | 21 |
Unfavorable drilling contracts |  | 5 |  |  | 19 |
Other liabilities |  | 14 |  |  | 13 |
Total other current liabilities |  | 367 |  |  | 383 |
As of September 30, 2025 and December 31, 2024, other non-current liabilities included the following:
(In $ millions) |  | September 30, 2025 |  | December 31, 2024
Uncertain tax positions |  | 61 |  |  | 55 |
Contract liabilities |  | 44 |  |  | 48 |
Lease liabilities |  | 17 |  |  | 8 |
Unfavorable drilling contracts |  | — |  |  | 3 |
Other liabilities |  | 15 |  |  | 2 |
Total other non-current liabilities |  | 137 |  |  | 116 |
Movement in Unfavorable Drilling Contracts | The following table summarizes the movement in unfavorable drilling contracts for the nine months ended September 30, 2025:
(In $ millions) |  |  |  |  |  | Carrying amount
As of January 1, 2025 |  |  |  |  |  | 22 |
Amortization |  |  |  |  |  | (6) |
As of March 31, 2025 |  |  |  |  |  | 16 |
Amortization |  |  |  |  |  | (6) |
As of June 30, 2025 |  |  |  |  |  | 10 |
Amortization |  |  |  |  |  | (5) |
As of September 30, 2025 |  |  |  |  |  | 5 |
Amounts Relating To Unfavorable Contracts That Is Expected To Be Amortized | The table below shows the amounts relating to unfavorable contracts that is expected to be amortized over the following periods:
| Period ended December 31,
(In $ millions) | Remainder of 2025 | 2026 |  |  | Total
Amortization of unfavorable contracts | 2 |  | 3 |  |  |  | 5 |

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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