Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 189

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 189
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 for income taxes based on the laws and rates in effect in the countries in which operations are conducted, or in which we, or our subsidiaries, have a taxable presence for income tax purposes.

88

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

The components of the net deferred taxes are as follows: December 31, 2024December 31, 2023Deferred tax assets  United States:  Net operating loss carry forwards$65,686 $2,338 Excess of net tax basis over remaining book basis14,418 18,527 Disallowed interest deduction carryforwards66,632 — Tax credits carryover2,606 — Deferred pension plan amounts1,065 356 Accrued expenses not currently deductible21,208 6,613 Unfavorable contract value936 — Other3,066 — Non-United States: Net operating loss carry forwards1,683,210 1,407,964 Excess of net tax basis over remaining book basis456,302 305,840 Tax credits carryover341 15,274 Transition attribute959,985 956,187 Disallowed interest deduction carryforwards30,427 30,982 Unfavorable contract value1,858 3,081 Accrued expenses not currently deductible8,701 — Other1,952 1,669 Deferred tax assets3,318,393 2,748,831 Less: valuation allowance(2,964,740)(2,512,571)Net deferred tax assets$353,653 $236,260 Deferred tax liabilities  United States:  Excess of net book basis over remaining tax basis$— $— Favorable contract value— — Deferred revenue(7,218)(11,423)Other(3,019)(1,809)Non-United States: Excess of net book basis over remaining tax basis— (10,137)Favorable contract value— (1,573)Other(4,255)(4,495)Deferred tax liabilities(14,492)(29,437)Net deferred tax assets (liabilities)$339,161 $206,823 Income (loss) before income taxes consists of the following:Year EndedYear