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Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2016

Supplemental Financial Information [Abstract]

Accounts Receivable, Net

Accounts receivable, net, consisted of the following (in millions):

	March 31, 2016				December 31, 2015
Trade	$	590.6			$	595.0
Other	15.5				16.3
	606.1				611.3
Allowance for doubtful accounts	(32.1		)		(29.3		)
	$	574.0			$	582.0

Other Current Assets

Other current assets consisted of the following (in millions):

	March 31, 2016				December 31, 2015
Inventory	$	235.4			$	235.3
Deferred costs	49.7				52.1
Prepaid taxes	49.2				73.5
Prepaid expenses	12.3				20.5
Assets held-for-sale	5.4				5.5
Other	17.8				14.9
	$	369.8			$	401.8

Other Assets, Net

Other assets, net, consisted of the following (in millions):

	March 31, 2016				December 31, 2015
Deferred tax assets	$	61.6			$	94.8
Deferred costs	48.4				55.8
Prepaid taxes on intercompany transfers of property	34.2				37.1
Supplemental executive retirement plan assets	32.7				33.1
Other	13.2				16.8
	$	190.1			$	237.6

Accrued Liabilities And Other

Accrued liabilities and other consisted of the following (in millions):

	March 31, 2016				December 31, 2015
Deferred revenue	$	189.1			$	197.2
Personnel costs	107.7				161.6
Taxes	71.5				70.8
Accrued interest	32.1				88.4
Derivative liabilities	10.9				21.6
Other	13.1				11.3
	$	424.4			$	550.9

Other Liabilities

Other liabilities consisted of the following (in millions):

	March 31, 2016				December 31, 2015
Deferred revenue	$	177.4			$	218.6
Unrecognized tax benefits (inclusive of interest and penalties)	157.2				149.7
Supplemental executive retirement plan liabilities	33.8				34.4
Personnel costs	11.5				17.7
Deferred income taxes	9.9				4.4
Intangible liabilities	5.8				12.6
Other	9.6				11.8
	$	405.2			$	449.2

Accumulated other comprehensive income

Accumulated other comprehensive income consisted of the following (in millions):

	March 31, 2016				December 31, 2015
Currency Translation Adjustment	$	7.7			$	7.8
Derivative Instruments	16.0				6.6
Other	(1.9		)		(1.9		)
	$	21.8			$	12.5

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Consolidated revenues by customer for the quarters ended March 31, 2016 and 2015 were as follows:

	March 31, 2016			March 31, 2015
Petrobras(1)	16	%		11	%
Total(1)	15	%		8	%
BP (2)	14	%		13	%
Other	55	%		68	%
	100	%		100	%

⁽¹⁾  During the quarters ended March 31, 2016 and 2015, all revenues were provided by our Floaters segment.

Revenue from External Customers by Geographic Areas [Table Text Block]

Consolidated revenues by region for the quarters ended March 31, 2016 and 2015 were as follows:

	March 31, 2016				March 31, 2015
U.S. Gulf of Mexico(1)	$	160.2			$	338.8
Angola(2)	136.2				169.3
Brazil(3)	121.0				122.7
United Kingdom(4)	73.8				120.6
Other	322.8				412.5
	$	814.0			$	1,163.9

⁽¹⁾  During the quarters ended March 31, 2016 and 2015, 84% of the revenues earned in the U.S. Gulf of Mexico were attributable to our Floaters segment.

⁽²⁾  During the quarters ended March 31, 2016 and 2015, 87% and 90% of the revenues earned in Angola, respectively, were attributable to our Floaters segment.

⁽³⁾  During the quarters ended March 31, 2016 and 2015, all revenues were provided by our Floaters segment.

⁽⁴⁾  During the quarters ended March 31, 2016 and 2015, all revenues were provided by our Jackups segment.

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