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Other current and non-current liabilities (Tables)

9 Months Ended

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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Amounts Relating To Unfavorable Contracts That Is Expected To Be Amortized

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Movement in Unfavorable Drilling Contracts

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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.

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