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Segment Information
 9 Months Ended
Sep. 30, 2015
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 the three-month and nine-month periods ended 2015 and 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.

Three Months Ended September 30, 2015
 
Floaters
 
Jackups
 
Other
 
Operating Segments Total
 
Reconciling Items
 
Consolidated Total
Revenues
$
646.4

 
$
325.8

 
$
40.0

 
$
1,012.2

 
$
—

 
$
1,012.2

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Contract drilling (exclusive of depreciation)
242.4

 
160.0

 
31.1

 
433.5

 
—

 
433.5

Depreciation
95.7

 
44.8

 
—

 
140.5

 
4.7

 
145.2

Loss on impairment
—

 
2.4

 
—

 
2.4

 
—

 
2.4

General and administrative
—

 
—

 
—

 
—

 
28.4

 
28.4

Operating income (loss)
$
308.3

 
$
118.6

 
$
8.9

 
$
435.8

 
$
(33.1
)
 
$
402.7

Property and equipment, net
$
10,260.5

 
$
3,194.6

 
$
—

 
$
13,455.1

 
$
73.8

 
$
13,528.9


Three Months Ended September 30, 2014
 
Floaters
 
Jackups
 
Other
 
Operating Segments Total
 
Reconciling Items
 
Consolidated Total
Revenues
$
703.5

 
$
481.0

 
$
16.9

 
$
1,201.4

 
$
—

 
$
1,201.4

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Contract drilling (exclusive of depreciation)
291.3

 
197.9

 
11.0

 
500.2

 
—

 
500.2

Depreciation
87.9

 
45.3

 
—

 
133.2

 
2.0

 
135.2

General and administrative
—

 
—

 
—

 
—

 
29.3

 
29.3

Operating income (loss)
$
324.3

 
$
237.8

 
$
5.9

 
$
568.0

 
$
(31.3
)
 
$
536.7

Property and equipment, net
$
9,836.2

 
$
3,215.3

 
$
—

 
$
13,051.5

 
$
76.1

 
$
13,127.6


Nine Months Ended September 30, 2015
 
Floaters
 
Jackups
 
Other
 
Operating Segments Total
 
Reconciling Items
 
Consolidated Total
Revenues
$
1,975.7

 
$
1,138.2

 
$
121.2

 
$
3,235.1

 
$
—

 
$
3,235.1

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Contract drilling (exclusive of depreciation)
813.6

 
544.2

 
96.6

 
1,454.4

 
—

 
1,454.4

Depreciation
283.1

 
129.9

 
—

 
413.0

 
9.8

 
422.8

Loss on impairment
—

 
2.4

 
—

 
2.4

 
—

 
2.4

General and administrative


 


 
—

 
—

 
88.2

 
88.2

Operating income (loss)
$
879.0

 
$
461.7

 
$
24.6

 
$
1,365.3

 
$
(98.0
)
 
$
1,267.3

Property and equipment, net
$
10,260.5

 
$
3,194.6

 
$
—

 
$
13,455.1

 
$
73.8

 
$
13,528.9


Nine Months Ended September 30, 2014
 
Floaters
 
Jackups
 
Other
 
Operating Segments Total
 
Reconciling Items
 
Consolidated Total
Revenues
$
2,034.6

 
$
1,320.1

 
$
50.0

 
$
3,404.7

 
$
—

 
$
3,404.7

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Contract drilling (exclusive of depreciation)
907.8

 
621.1

 
34.0

 
1,562.9

 
—

 
1,562.9

Depreciation
266.9

 
125.6

 
—

 
392.5

 
6.0

 
398.5

Loss on impairment
703.5

 
—

 
—

 
703.5

 
—

 
703.5

General and administrative
—

 
—

 
—

 
—

 
103.6

 
103.6

Operating income (loss)
$
156.4

 
$
573.4

 
$
16.0

 
$
745.8

 
$
(109.6
)
 
$
636.2

Property and equipment, net
$
9,836.2

 
$
3,215.3

 
$
—

 
$
13,051.5

 
$
76.1

 
$
13,127.6



Information about Geographic Areas    

As of September 30, 2015, the geographic distribution of our drilling rigs by reportable segment was as follows:
 
Floaters
 
Jackups
 
Total(1)
North & South America (excluding Brazil)
9
 
7
 
16
Middle East & Africa
3
 
11
 
14
Europe & Mediterranean
2
 
11
 
13
Asia & Pacific Rim
4
 
7
 
11
Brazil
4
 
—
 
4
Asia & Pacific Rim (under construction)
1
 
1
 
2
Middle East & Africa (under construction)
—
 
2
 
2
Held for sale
4
 
3
 
7
Total
27
 
42
 
69

(1) 
We provide management services on five rigs owned by third-parties not included in the table above.