Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Reconciliation of Changes in Projected Benefit Obligations for our Non - U.S. and U.S. Plans

A reconciliation of the changes in projected benefit obligations (“PBO”) for our non-U.S. and U.S. plans is as follows:

	Year Ended December 31,
	2015						2014
	Non-U.S.			U.S.			Non-U.S.			U.S.
Benefit obligation at beginning of year	$	72,553		$	238,072		$	161,591		$	223,938
Service cost		3,344			8,596			4,777			8,901
Interest cost		2,546			9,198			4,650			10,546
Actuarial loss (gain)		(2,778	)		(21,631	)		6,145			51,524
Plan amendments		—			—			1,595			—
Benefits paid		(2,971	)		(5,845	)		(2,819	)		(4,262	)
Settlement		—			—			—			(34,397	)
Curtailment		—			—			—			(18,178	)
Plan participants’ contributions		363			—			266			—
Foreign exchange rate changes		(3,685	)		—			(7,071	)		—
Spin-off adjustment		—			—			(96,581	)		—
Benefit obligation at end of year	$	69,372		$	228,390		$	72,553		$	238,072

Reconciliation of Changes in Fair Value of Plan Assets

A reconciliation of the changes in fair value of plan assets is as follows:

	Year Ended December 31,
	2015						2014
	Non-U.S.			U.S.			Non-U.S.			U.S.
Fair value of plan assets at beginning of year	$	77,714		$	172,119		$	174,257		$	201,011
Actual return on plan assets		2,270			1,125			6,717			7,750
Employer contributions		2,182			548			6,863			2,017
Benefits and expenses paid		(2,971	)		(5,845	)		(2,819	)		(4,262	)
Settlement		—			—			—			(34,397	)
Plan participants’ contributions		363			—			266			—
Foreign exchange rate changes		(3,703	)		—			(11,068	)		—
Spin-off adjustment		—			—			(96,502	)		—
Fair value of plan assets at end of year	$	75,855		$	167,947		$	77,714		$	172,119

Funded Status of Plans

The funded status of the plans is as follows:

	Year Ended December 31,
	2015					2014
	Non-U.S.		U.S.			Non-U.S.		U.S.
Funded status	$	6,483	$	(60,443	)	$	5,161	$	(65,953	)

Amounts Recognized in Consolidated Balance Sheets

Amounts recognized in the Consolidated Balance Sheets consist of:

	Year Ended December 31,
	2015						2014
	Non-U.S.			U.S.			Non-U.S.			U.S.
Other assets (noncurrent)	$	9,121		$	1,134		$	7,725		$	—
Other liabilities (current)		—			(3,441	)		—			(3,037	)
Other liabilities (noncurrent)		(2,638	)		(58,136	)		(2,564	)		(62,916	)
Net amount recognized	$	6,483		$	(60,443	)	$	5,161		$	(65,953	)

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in AOCL consist of:

	Year Ended December 31,
	2015						2014
	Non-U.S.			U.S.			Non-U.S.			U.S.
Net actuarial loss	$	10,017		$	57,937		$	11,793		$	73,705
Prior service cost		1,378			326			1,531			468
Deferred income tax asset		(2,347	)		(20,392	)		(3,096	)		(25,961	)
Accumulated other comprehensive loss	$	9,048		$	37,871		$	10,228		$	48,212

Pension Costs

Pension cost includes the following components:

	Year Ended December 31,
	2015						2014						2013
	Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.
Service Cost	$	3,344		$	8,596		$	4,777		$	8,901		$	5,496		$	10,724
Interest Cost		2,546			9,198			4,650			10,546			5,085			9,049
Return on plan assets		(3,673	)		(13,146	)		(6,117	)		(15,499	)		(5,836	)		(13,102	)
Amortization of prior service cost		104			142			46			196			—			227
Recognized net actuarial loss		315			6,158			769			2,857			1,670			7,639
Curtailment expense		—			—			—			241			—			—
Settlement expense		—			—			—			9,872			—			—
Net pension expense	$	2,636		$	10,948		$	4,125		$	17,114		$	6,415		$	14,537

Disaggregated Plan Information

Disaggregated information regarding our non-U.S. and U.S. plans is summarized below:

	Year Ended December 31,
	2015				2014
	Non-U.S.		U.S.		Non-U.S.		U.S.
Projected benefit obligation	$	69,372	$	228,390	$	72,553	$	238,072
Accumulated benefit obligation		65,136		199,928		68,902		202,716
Fair value of plan assets		75,855		167,947		77,714		172,119

Plans in which PBO Exceeded Fair Value

The following table provides information related to those plans in which the PBO exceeded the fair value of the plan assets at December 31, 2015 and 2014. 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.

	Year Ended December 31,
	2015				2014
	Non-U.S.		U.S.		Non-U.S.		U.S.
Projected benefit obligation	$	4,317	$	202,566	$	3,157	$	238,072
Fair value of plan assets		1,679		140,988		592		172,119

Plans in which Accumulated Benefit Obligation Exceeded Fair Value of Plan Assets

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, 2015 and 2014. 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.

	Year Ended December 31,
	2015				2014
	Non-U.S.		U.S.		Non-U.S.		U.S.
Accumulated benefit obligation	$	1,853	$	174,105	$	1,355	$	202,716
Fair value of plan assets		1,679		140,988		592		172,119

Defined Benefit Plans Key Assumptions

The key assumptions for the plans are summarized below:

	Year Ended December 31,
	2015		2014
	Non-U.S.	U.S.	Non-U.S.	U.S.
Weighted-average assumptions used to determine    benefit obligations:
Discount Rate	2.93%-3.90%	3.09%-4.48%	2.60%-3.70%	3.00%-4.10%
Rate of compensation increase	3.60%-4.20%	2.00%-5.00%	3.60%-4.10%	5.00%

	Year Ended December 31,
	2015		2014		2013
	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.
Weighted-average assumptions used to    determine periodic benefit cost:
Discount Rate	2.60%-3.70%	2.98%-4.38%	2.70%-4.70%	3.90%-5.10%	2.50%-4.50%	3.10%-4.20%
Expected long-term return on assets	1.60%-4.90%	7.50%	2.30%-6.00%	7.80%	2.30%-5.70%	7.80%
Rate of compensation increase	3.60%-4.10%	2.00%-5.00%	3.60%-4.50%	5.00%	3.60%-4.10%	5.00%

Schedule of Activity Related to Investments

third-party consultants employed by Noble. The following table details the activity related to these investments during the year.

	Market
	Value
Balance as of December 31, 2014	$	592
Assets purchased		1,982
Assets sold/benefits paid		(350	)
Return on plan assets		(356	)
Loss on exchange rate		(189	)
Balance as of December 31, 2015	$	1,679

Estimated Benefit Payments

The following table summarizes our estimated benefit payments at December 31, 2015:

			Payments by Period
	Total		2016		2017		2018		2019		2020		Thereafter
Estimated benefit payments
Non U.S. plans	$	28,225	$	2,344	$	2,436	$	2,533	$	2,635	$	2,742	$	15,535
U.S. plans		118,727		8,970		7,096		8,077		9,028		9,958		75,598
Total estimated benefit payments	$	146,952	$	11,314	$	9,532	$	10,610	$	11,663	$	12,700	$	91,133

Non-U.S. Plans [Member]

Actual Fair Values of Defined Benefit Plans

The actual fair values of Non-U.S. pension plans as of December 31, 2015 and 2014 are as follows:

			December 31, 2015
			Estimated Fair Value
			Measurements
			Quoted		Significant
			Prices in		Other		Significant
			Active		Observable		Unobservable
	Carrying		Markets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	893	$	893	$	—	$	—
Equity securities:
International companies		56,926		56,926		—		—
Fixed income securities:
Corporate bonds		16,357		—		16,357		—
Other		1,679		—		—		1,679
Total	$	75,855	$	57,819	$	16,357	$	1,679

			December 31, 2014
			Estimated Fair Value
			Measurements
			Quoted		Significant
			Prices in		Other		Significant
			Active		Observable		Unobservable
	Carrying		Markets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	87	$	87	$	—	$	—
Equity securities:
International companies		53,261		53,261		—		—
Fixed income securities:
Corporate bonds		23,774		—		23,774		—
Other		592		—		—		592
Total	$	77,714	$	53,348	$	23,774	$	592

U.S. Plans [Member]

Actual Fair Values of Defined Benefit Plans

The actual fair values of U.S. pension plan assets as of December 31, 2015 and 2014 are as follows:

			December 31, 2015
			Estimated Fair Value
			Measurements
			Quoted		Significant
			Prices in		Other		Significant
			Active		Observable		Unobservable
	Carrying		Markets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	2,097	$	—	$	2,097	$	—
Equity securities:
United States		77,611		77,611		—		—
International		33,517		33,517		—		—
Fixed income securities:
Corporate bonds		54,722		54,722		—		—
Total	$	167,947	$	165,850	$	2,097	$	—

			December 31, 2014
			Estimated Fair Value
			Measurements
			Quoted		Significant
			Prices in		Other		Significant
			Active		Observable		Unobservable
	Carrying		Markets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	5,998	$	—	$	5,998	$	—
Equity securities:
United States		80,823		80,823		—		—
International		33,392		33,392		—		—
Fixed income securities:
Corporate bonds		51,906		51,906		—		—
Total	$	172,119	$	166,121	$	5,998	$	—