Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 75

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 75
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 Luxembourg and Switzerland. Such tax benefits were offset by tax expenses related to recurring quarterly accruals of $214.3 million mostly in Guyana, Luxembourg, Switzerland, and the United States.On July 4, 2025, the “One Big Beautiful Bill Act” (the “OBBBA”) was signed into law. The legislation includes significant changes to the US tax code affecting both current and deferred income taxes. Key provisions include the reinstatement of 100% bonus depreciation, modifications to the Section 163(j) interest deduction limitation, and other changes to US taxation of profits derived from foreign operations. The Company believes that the OBBBA should not have a material impact on its consolidated financial statements.

Note 9 — Employee Benefit PlansPension costs (gain) include the following components:Three Months Ended September 30,20252024Non-USUSNon-USUSInterest cost$567 $2,260 $608 $2,188 Return on plan assets(491)(2,147)(665)(2,311)Recognized net actuarial (gain) loss55 (11)28 — Net pension benefit cost (gain)$131 $102 $(29)$(123)Nine Months Ended September 30,20252024Non-USUSNon-USUSInterest cost$1,693 $6,779 1,642 6,563 Return on plan assets(1,465)(6,440)(1,796)(6,932)Recognized net actuarial (gain) loss163 (33)77 — Net pension benefit cost (gain)$391 $306 $(77)$(369)During the three and nine months ended September 30, 2025, we made a contribution to our pension plans of $2.6 million. During the three and nine months ended September 30, 2024, we made no contributions to our pension plans. Effective December 31, 2016, employees and alternate payees accrue no future benefits under the US plans and, as such, Noble recognized no service costs with the plans for the three and nine months ended September 30, 2025 and 2024.

Note 10 — Commitments and ContingenciesTax MattersAudit claims of approximately $356.4 million at September 30, 2025, attributable to income and other business taxes remain outstanding and are under continued objection by Noble. Such audit claims are mostly attributable to Brazil and remain under continued