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Segment Information
 12 Months Ended
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