Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 199

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 199
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-USUSNon-USUSWeighted-average assumptions used to determine benefit obligations:Discount Rate5.50%5.50% - 5.63%4.80%4.95% - 5.04%Rate of compensation increaseN/AN/AN/AN/AYear EndedYear EndedYear Ended December 31, 2024December 31, 2023December 31, 2022 Non-USNon-USNon-USWeighted-average assumptions used to determine periodic benefit cost:Discount Rate5.50%5.00%1.80%Expected long-term return on assets4.80%4.60%1.20%Rate of compensation increaseN/AN/AN/A Year EndedYear EndedYear Ended December 31, 2024December 31, 2023December 31, 2022 USUSUSWeighted-average assumptions used to determine periodic benefit cost:Discount Rate4.95% - 5.04%5.17% - 5.27%2.63% - 2.89%Expected long-term return on assets5.00% - 5.60%5.00% - 5.80%5.00% - 5.80%Rate of compensation increaseN/AN/AN/AThe discount rates used to calculate the net present value of future benefit obligations for our US plans is based on the average of current rates earned on long-term bonds that receive a Moody’s rating of “Aa” or better. We have determined that the timing and amount of expected cash outflows on our plans reasonably match this index. For our non-US plan, the discount rate used to calculate the net present value of future benefit obligations is determined by using a yield curve of high quality bond portfolios with an average maturity approximating that of the liabilities.In developing the expected long-term rate of return on assets, we considered the current level of expected returns on risk free investments (primarily government bonds), the historical level of risk premium associated with the other asset classes in which the portfolio is invested and the expectations for future returns of each asset class. The expected return for each asset class was then weighted based on the target asset allocation to develop the expected long-term rate of return on assets for the portfolio. To assist us with this analysis, we employ third-party consultants for our US and non-US plans that use a portfolio return model.Defined Benefit Plans—Plan AssetsNon-US Plan. As of December 31, 2024,