Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 198

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 198
---
 179,346 Fair value of plan assets38,272 163,844 43,245 172,793 The following table provides information related to those plans in which the PBO exceeded the fair value of the plan assets at December 31, 2024 and 2023. The PBO is the actuarially computed present value of earned benefits based on service to date and includes the estimated effect of any future salary increases. Employees and alternate payees have no longer accrued future benefits under the plans since December 31, 2016. December 31, 2024December 31, 2023 Non-USUSNon-USUSProjected benefit obligation$— $166,837 $— $179,346 Fair value of plan assets— 163,844 — 172,793 The PBO for the unfunded excess benefit plan was $0.7 million at December 31, 2024, as compared to $0.8 million at December 31, 2023, and is included under “US” in the above tables.The following table provides information related to those plans in which the accumulated benefit obligation (“ABO”) exceeded the fair value of plan assets at December 31, 2024 and 2023. The ABO is the actuarially computed present value of earned benefits based on service to date, but differs from the PBO in that it is based on current salary levels. Employees and alternate payees have no longer accrued future benefits under the plans since December 31, 2016. December 31, 2024December 31, 2023 Non-USUSNon-USUSAccumulated benefit obligation$— $166,837 $— $179,346 Fair value of plan assets— 163,844 — 172,793 

94

NOBLE CORPORATION plc AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unless otherwise indicated, dollar and share amounts in tables are in thousands) 

The ABO for the unfunded excess benefit plan was $0.7 million at December 31, 2024, as compared to $0.8 million at December 31, 2023, and is included under “US” in the above tables.Defined Benefit Plans—Key AssumptionsThe key assumptions for the plans are summarized below:December 31, 2024December 31, 2023 Non