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Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2016

Supplemental Financial Information [Abstract]

Accounts Receivable, Net

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

	September 30, 2016				December 31, 2015
Trade	$	355.7			$	595.0
Other	21.5				16.3
	377.2				611.3
Allowance for doubtful accounts	(25.1		)		(29.3		)
	$	352.1			$	582.0

Other Current Assets

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

	September 30, 2016				December 31, 2015
Inventory	$	231.3			$	235.3
Prepaid taxes	51.2				73.5
Deferred costs	34.9				52.1
Prepaid expenses	11.7				20.5
Assets held-for-sale	2.4				5.5
Other	14.7				14.9
	$	346.2			$	401.8

Other Assets, Net

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

	September 30, 2016				December 31, 2015
Deferred tax assets	$	67.5			$	94.8
Deferred costs	38.9				55.8
Prepaid taxes on intercompany transfers of property	33.4				37.1
Supplemental executive retirement plan assets	28.3				33.1
Other	8.8				16.8
	$	176.9			$	237.6

Accrued Liabilities And Other

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

	September 30, 2016				December 31, 2015
Deferred revenue	$	135.1			$	197.2
Personnel costs	116.1				161.6
Accrued interest	70.2				88.4
Taxes	65.0				70.8
Derivative liabilities	10.7				21.6
Other	11.0				11.3
	$	408.1			$	550.9

Other Liabilities

Other liabilities consisted of the following (in millions):

	September 30, 2016				December 31, 2015
Unrecognized tax benefits (inclusive of interest and penalties)	$	154.0			$	149.7
Deferred revenue	139.2				218.6
Supplemental executive retirement plan liabilities	29.4				34.4
Personnel costs	11.3				17.7
Deferred tax liabilities	9.3				4.4
Other	10.9				24.4
	$	354.1			$	449.2

Accumulated other comprehensive income

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

	September 30, 2016				December 31, 2015
Derivative instruments	$	16.1			$	6.6
Currency translation adjustment	7.6				7.8
Other	(2.2		)		(1.9		)
	$	21.5			$	12.5

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

Consolidated revenues by customer for the three-month and nine-month periods ended September 30, 2016 and 2015 were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Total(1)	23	%		7	%		16	%		8	%
BP (2)(3)	13	%		27	%		12	%		18	%
Petrobras(1)	9	%		16	%		11	%		14	%
ConocoPhillips(4)	2	%		6	%		12	%		4	%
Other	53	%		44	%		49	%		56	%
	100	%		100	%		100	%		100	%

⁽¹⁾  During the three-month and nine-month periods ended September 30, 2016 and 2015, all revenues were attributable to our Floater segment.

⁽²⁾  During the three-month periods ended September 30, 2016 and 2015, 73% and 86% of the revenues provided by BP, respectively, were attributable to our Floaters segment. During the nine-month periods ended September 30, 2016 and 2015, 75% and 84% of the revenues provided by BP, respectively, were attributable to our Floaters segment.

⁽³⁾  During the three-month and nine-month periods ended September 30, 2015, excluding the impact of ENSCO DS-4 lump-sum termination payments of $110.6 million, revenues from BP represented 18% and 15%, respectively.

⁽⁴⁾  During the nine-month period ended September 30, 2016, excluding the impact of the ENSCO DS-9 lump-sum termination payment of $185.0 million, revenues from ConocoPhillips represented 3% of our consolidated revenues.

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

Consolidated revenues by region for the three-month and nine-month periods ended September 30, 2016 and 2015 were as follows (in millions):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2016				2015				2016				2015
Angola(1)	$	142.7			$	136.6			$	411.3			$	488.3
United Kingdom(2)	60.5				91.5				204.0				316.4
Brazil(3)	48.6				112.9				251.3				351.3
U.S. Gulf of Mexico(4)	33.6				363.0				498.3				972.8
Other	262.8				308.2				906.9				1,106.3
	$	548.2			$	1,012.2			$	2,271.8			$	3,235.1

⁽¹⁾  During the three-month periods ended September 30, 2016 and 2015, 87% of the revenues earned in Angola were attributable to our Floaters segment. During the nine-month period ended September 30, 2016 and 2015, 87% and 90% of the revenues earned in Angola, respectively, were attributable to our Floaters segment.

⁽²⁾  During the three-month and nine-month periods ended September 30, 2016 and 2015, all revenues were attributable to our Jackups segment.

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