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Segment Information | 12 Months Ended
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Dec. 31, 2014
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
Segment Information | SEGMENT INFORMATION Our business consists of three operating segments: (1) Floaters, which includes our drillships and semisubmersible rigs, (2) Jackups and (3) Other, which consists of management services on rigs owned by third-parties. Our two reportable segments, Floaters and Jackups, provide one service, contract drilling. Segment information for each of the years in the three-year period ended December 31, 2014 is presented below (in millions). General and administrative expense and depreciation expense incurred by our corporate office are not allocated to our operating segments for purposes of measuring segment operating income and were included in "Reconciling Items." We measure segment assets as property and equipment. Prior year information has been reclassified to conform to the current year presentation. Year Ended December 31, 2014
| Floaters |  | Jackups |  | Other |  | Operating Segments Total |  | Reconciling Items |  | Consolidated Total
Revenues | $ | 2,697.6 |  |  | $ | 1,774.6 |  |  | $ | 92.3 |  |  | $ | 4,564.5 |  |  | $ | — |  |  | $ | 4,564.5 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 1,201.2 |  |  | 807.4 |  |  | 68.3 |  |  | 2,076.9 |  |  | — |  |  | 2,076.9 |
Loss on impairment | 3,982.3 |  |  | 236.4 |  |  | — |  |  | 4,218.7 |  |  | — |  |  | 4,218.7 |
Depreciation | 358.1 |  |  | 171.2 |  |  | — |  |  | 529.3 |  |  | 8.6 |  |  | 537.9 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 131.9 |  |  | 131.9 |
Operating (loss) income | $ | (2,844.0 | ) |  | $ | 559.6 |  |  | $ | 24.0 |  |  | $ | (2,260.4 | ) |  | $ | (140.5 | ) |  | $ | (2,400.9 | )
Property and equipment, net | $ | 9,462.3 |  |  | $ | 2,995.3 |  |  | $ | — |  |  | $ | 12,457.6 |  |  | $ | 77.2 |  |  | $ | 12,534.8 |
Capital expenditures | $ | 856.2 |  |  | $ | 667.7 |  |  | $ | — |  |  | $ | 1,523.9 |  |  | $ | 44.9 |  |  | $ | 1,568.8 |
Year Ended December 31, 2013
| Floaters |  | Jackups |  | Other |  | Operating Segments Total |  | Reconciling Items |  | Consolidated Total
Revenues | $ | 2,659.6 |  |  | $ | 1,588.7 |  |  | $ | 75.1 |  |  | $ | 4,323.4 |  |  | $ | — |  |  | $ | 4,323.4 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 1,126.0 |  |  | 762.6 |  |  | 58.5 |  |  | 1,947.1 |  |  | — |  |  | 1,947.1 |
Depreciation | 342.2 |  |  | 147.5 |  |  | — |  |  | 489.7 |  |  | 6.5 |  |  | 496.2 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 146.8 |  |  | 146.8 |
Operating income (loss) | $ | 1,191.4 |  |  | $ | 678.6 |  |  | $ | 16.6 |  |  | $ | 1,886.6 |  |  | $ | (153.3 | ) |  | $ | 1,733.3 |
Property and equipment, net | $ | 11,303.4 |  |  | $ | 2,961.6 |  |  | $ | — |  |  | $ | 14,265.0 |  |  | $ | 46.0 |  |  | $ | 14,311.0 |
Capital expenditures | $ | 1,028.6 |  |  | $ | 708.3 |  |  | $ | — |  |  | $ | 1,736.9 |  |  | $ | 26.6 |  |  | $ | 1,763.5 |
Year Ended December 31, 2012
| Floaters |  | Jackups |  | Other |  | Operating Segments Total |  | Reconciling Items |  | Consolidated Total
Revenues | $ | 2,149.1 |  |  | $ | 1,406.9 |  |  | $ | 82.8 |  |  | $ | 3,638.8 |  |  | $ | — |  |  | $ | 3,638.8 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 894.5 |  |  | 687.2 |  |  | 61.1 |  |  | 1,642.8 |  |  | — |  |  | 1,642.8 |
Depreciation | 283.3 |  |  | 151.6 |  |  | — |  |  | 434.9 |  |  | 8.9 |  |  | 443.8 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 148.9 |  |  | 148.9 |
Operating income (loss) | $ | 971.3 |  |  | $ | 568.1 |  |  | $ | 21.7 |  |  | $ | 1,561.1 |  |  | $ | (157.8 | ) |  | $ | 1,403.3 |
Property and equipment, net | $ | 10,727.6 |  |  | $ | 2,389.8 |  |  | $ | — |  |  | $ | 13,117.4 |  |  | $ | 28.2 |  |  | $ | 13,145.6 |
Capital expenditures | $ | 1,519.4 |  |  | $ | 191.1 |  |  | $ | — |  |  | $ | 1,710.5 |  |  | $ | 2.7 |  |  | $ | 1,713.2 |
Information about Geographic Areas As of December 31, 2014, our Floaters segment consisted of seven drillships, 13 dynamically positioned semisubmersible rigs and five moored semisubmersible rigs deployed in various locations throughout North and South America, Middle East and Africa, Asia Pacific, Europe and the Mediterranean and Brazil. Additionally, our Floaters segment included three ultra-deepwater drillships under construction in South Korea. Our Jackups segment consisted of 42 jackup rigs, of which 38 were deployed in various locations throughout North and South America, Middle East and Africa, Asia Pacific and Europe and the Mediterranean and four of which were under construction in Singapore and the United Arab Emirates. As of December 31, 2014, the geographic distribution of our drilling rigs by operating segment was as follows:
| Floaters(1) |  | Jackups(1) |  | Total(2)
North & South America (excluding Brazil) | 9 |  | 8 |  | 17
Middle East & Africa | 4 |  | 11 |  | 15
Europe & the Mediterranean | 4 |  | 11 |  | 15
Asia & Pacific Rim | 4 |  | 8 |  | 12
Asia & Pacific Rim (under construction) | 3 |  | 2 |  | 5
Brazil | 4 |  | — |  | 4
Middle East & Africa (under construction) | — |  | 2 |  | 2
Total | 28 |  | 42 |  | 70
(1) | The five floaters and two jackups classified as "held for sale" as of December 31, 2014 are included in the table above.
(2) | We provide management services on six rigs owned by third-parties not included in the table above.
For purposes of our geographic disclosure, we attribute revenues to the geographic location where such revenues are earned and assets to the geographic location of the drilling rig as of the end of the applicable year. For new construction projects, assets are attributed to the location of future operation if known or to the location of construction if the ultimate location of operation is undetermined. Information by country for those countries that account for more than 10% of total revenues or 10% of our long-lived assets was as follows (in millions):
| Revenues |  | Long-lived Assets
| 2014 |  | 2013 |  | 2012 |  | 2014 |  | 2013 |  | 2012
United States | $ | 1,712.4 |  |  | $ | 1,687.2 |  |  | $ | 1,265.5 |  |  | $ | 5,240.4 |  |  | $ | 4,617.8 |  |  | $ | 4,525.9 |
Angola | 607.9 |  |  | 365.9 |  |  | 190.0 |  |  | 1,913.5 |  |  | 2,543.7 |  |  | 2,147.2 |
Brazil | 459.1 |  |  | 683.7 |  |  | 776.3 |  |  | 1,459.0 |  |  | 2,447.5 |  |  | 2,911.3 |
Other countries | 1,785.1 |  |  | 1,586.6 |  |  | 1,407.0 |  |  | 3,921.9 |  |  | 4,702.0 |  |  | 3,561.2 |
Total | $ | 4,564.5 |  |  | $ | 4,323.4 |  |  | $ | 3,638.8 |  |  | $ | 12,534.8 |  |  | $ | 14,311.0 |  |  | $ | 13,145.6 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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