v2.4.0.6
Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2011
Derivative Instruments [Abstract]  
Schedule Of Derivatives At Fair Value
 
           Derivative Assets         
              Derivative Liabilities     
 
 March 31,
     2011    
 December 31,
        2010       
      March 31,
            2011     
      December 31,
               2010         
         
Derivatives Designated as Hedging Instruments
        
Foreign currency forward contracts - current(1)
$13.3          
$16.8          
$ .1        
$.6          
Foreign currency forward contracts - non-current(2)
 .2          
 .1          
 .3        
.1          
   13.5           16.9             .4         .7          
         
Derivatives Not Designated as Hedging Instruments
        
Foreign currency forward contracts – current(1)   .1           
 .2          
  .0         --          
    .1           
 .2          
   .0         --          
Total $13.6           
$17.1          
 $ .4         $.7          
 
(1)
  
Derivative assets and liabilities that have maturity dates equal to or less than twelve months from the respective balance sheet date were included in other current assets and accrued liabilities and other, respectively, on our condensed consolidated balance sheets.
 
(2)
  
Derivative assets and liabilities that have maturity dates greater than twelve months from the respective balance sheet date were included in other assets, net, and other liabilities, respectively, on our condensed consolidated balance sheets.
Schedule Of Gains And Losses On Derivatives Designated As Cash Flow Hedges
 
Gain (Loss)
Recognized in
Other Comprehensive
Income ("OCI")
     (Effective Portion)    
  
(Loss) Gain
Reclassified from
Accumulated Other
Comprehensive Income
 ("AOCI") into Income
       (Effective Portion)   
  
(Loss) Gain
Recognized in Income on
Derivatives (Ineffective
 Portion and Amount
Excluded from
Effectiveness Testing)(1)
   
  2011  
  
  2010  
  
  2011     
  
    2010
  
2011        
  
2010
                         
Interest rate lock contracts(2)
  
$  --       
  
$     --   
 
$(.1)     
  
$(.1)     
  
$  --            
  
$ --       
Foreign currency forward contracts(3)
  
2.9      
  
(1.4)   
  
 .9      
  
1.4      
  
(.4)           
  
.0       
Total
  
$ 2.9      
  
$(1.4)   
  
$ .8      
  
$1.3      
  
$(.4)           
  
$.0       
 
(1)
  
Gains and losses recognized in income for ineffectiveness and amounts excluded from effectiveness testing were included in other income, net, in our condensed consolidated statements of income.
 
(2)
  
Gains and losses on derivatives reclassified from AOCI into income (effective portion) were included in other income, net, in our condensed consolidated statements of income.
 
(3)
  
Gains and losses on derivatives reclassified from AOCI into income (effective portion) were included in contract drilling expense in our condensed consolidated statements of income.
Estimated Net Gains Associated With Derivative Instruments, Net Of Tax That Will Be Reclassified To Earnings Within Twelve Months
   
Net unrealized gains to be reclassified to contract drilling expense
  
$1.8
    
Net realized losses to be reclassified to other income, net
  
(.3
)
  
Net gains to be reclassified to earnings
  
$1.5