Shareholders' Equity | 9 Months Ended |
|---|---|
Sep. 30, 2011 | |
| Shareholders' Equity [Abstract] | |
| Shareholders' Equity | Note 8 - Shareholders' Equity
In connection with the Merger, each outstanding share of Pride's common stock was exchanged for the right to receive $15.60 in cash and 0.4778 Ensco ADSs. The Merger resulted in the issuance of 85.8 million Ensco ADSs each with a par value of $0.10 and a total market value of $4.6 billion based on the closing price of $53.32 on May 31, 2011. This resulted in increases to additional paid-in capital and Class A ordinary shares of $4.6 billion and $8.6 million, respectively. As of September 30, 2011 and December 31, 2010, our additional paid-in capital balance totaled $5.2 billion and $637.1 million, respectively, and our Class A ordinary shares balance totaled $23.6 million and $15.0 million, respectively. |