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Debt (Tables)

9 Months Ended

Sep. 30, 2025

The table below sets out our debt agreements as of September 30, 2025 and December 31, 2024:



(In $ millions)	September 30, 2025	December 31, 2024
Secured debt:
$575 million secured bond	575	575


Total secured debt	575	575
Unsecured bond:
Unsecured senior convertible bond	50	50
Total unsecured bond	50	50
Total principal debt	625	625
Debt premium:
Premium on bond issuance	1	1


Total debt premium	1	1
Less: bond issuance costs	(14)	(16)
Total debt	612	610

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details