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Acquisition Of Pride International, Inc. (Tables) | 9 Months Ended
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Sep. 30, 2011
Acquisition Of Pride International, Inc. [Abstract] |
Schedule Of Business Acquisitions, Components Of The Merger Consideration |
Share consideration paid: |  |  |
179.7 million outstanding shares of Pride common stock converted to 85.8 million of Ensco ADSs using the exchange ratio of 0.4778 and valued at $53.32 per share |  | $4,577.5 |
Cash and other consideration paid: |  |  |
179.7 million outstanding shares of Pride common stock at $15.60 per share |  | 2,803.0 |
Estimated fair value of 2.5 million vested Pride employee stock options assumed by Ensco |  | 35.4 |
Merger consideration |  | $7,415.9 |
Schedule Of Business Acquisition, Provisional Amounts Recorded For Assets Acquired And Liabilities Assumed |
| Amounts Recognized as of Merger Date | Measurement Period Adjustments(1) | Estimated Fair Value
Assets: |  |  |
Cash and cash equivalents | $ 147.0 | $ -- | $ 147.0
Accounts receivable(2) | 371.3 | -- | 371.3
Other current assets | 150.9 | -- | 150.9
Property and equipment | 6,758.8 | -- | 6,758.8
Other assets | 343.7 | -- | 343.7
Liabilities: |  |  |
Accounts payable and accrued liabilities and other | 539.8 | 2.1 | 541.9
Debt | 2,436.0 | -- | 2,436.0
Deferred income tax liabilities | 19.0 | -- | 19.0
Other liabilities | 319.8 | (1.0) | 318.8
Net assets acquired | 4,457.1 | (1.1) | 4,456.0
Less merger consideration | 7,415.9 | -- | 7,415.9
Goodwill | $2,958.8 | $ 1.1 | $2,959.9
(1) | The measurement period adjustments reflect changes in the estimated fair values of certain liabilities, including contingencies and income taxes. The measurement period adjustments were recorded to reflect new information obtained about facts and circumstances existing as of the Merger Date and did not result from intervening events subsequent to the Merger Date. These adjustments did not have a material impact on the Company's previously reported results of operations or financial position subsequent to the Merger Date and, therefore, the Company has not retrospectively adjusted its consolidated financial statements.
(2) | Gross contractual amounts receivable totaled $394.7 million as of the Merger Date.
Schedule Of Goodwill Recognized |
Deepwater |  |  |  |  | $2,486.1
Midwater |  |  |  |  | 473.8
Jackup |  |  |  |  | --
Total |  |  |  |  | $2,959.9
Business Acquisition, Pro Forma Information |
(In millions, except per share amounts) |  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2011(1) |  | 2010 |  | 2011 |  | 2010
Revenues |  | $898.0 |  |  | $791.9 |  |  | $2,531.2 |  |  | $2,410.0 |
Net income |  | 189.4 |  |  | 172.8 |  |  | 401.6 |  |  | 629.8 |
Earnings per share - basic |  | 0.81 |  |  | 0.75 |  |  | 1.73 |  |  | 2.73 |
Earnings per share - diluted |  | 0.81 |  |  | 0.75 |  |  | 1.73 |  |  | 2.73 |
(1) | Our actual results and our pro forma results differ for the quarter ended September 30, 2011 due to the fact the pro forma results assume the acquisition of Pride occurred on January 1, 2010, resulting in differing amortization periods associated with acquired drilling contract intangible assets and liabilities.

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- Definition Tabular disclosure of the equity interest issued or issuable in a business acquisition (or series of individually immaterial business acquisitions) planned, initiated, or completed during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 99-12 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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