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Segment Information
 12 Months Ended
Dec. 31, 2016
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, 2016 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.

Year Ended December 31, 2016
 
Floaters
 
Jackups
 
Other
 
Operating Segments Total
 
Reconciling Items
 
Consolidated Total
Revenues
$
1,771.1

 
$
929.5

 
$
75.8

 
$
2,776.4

 
$
—

 
$
2,776.4

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
  Contract drilling
  (exclusive of depreciation)
725.0

 
516.8

 
59.2

 
1,301.0

 
—

 
1,301.0

  Depreciation
304.1

 
123.7

 
—

 
427.8

 
17.5

 
445.3

  General and administrative
—

 
—

 
—

 
—

 
100.8

 
100.8

Operating income
$
742.0

 
$
289.0

 
$
16.6

 
$
1,047.6

 
$
(118.3
)
 
$
929.3

Property and equipment, net
$
8,300.4

 
$
2,561.0

 
$
—

 
$
10,861.4

 
$
57.9

 
$
10,919.3

Capital expenditures
$
110.3

 
$
206.2

 
$
—

 
$
316.5

 
$
5.7

 
$
322.2


Year Ended December 31, 2015
 
Floaters
 
Jackups
 
Other
 
Operating Segments Total
 
Reconciling Items
 
Consolidated Total
Revenues
$
2,466.0

 
$
1,445.6

 
$
151.8

 
$
4,063.4

 
$
—

 
$
4,063.4

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
  Contract drilling
  (exclusive of depreciation)
1,052.8

 
693.5

 
123.3

 
1,869.6

 
—

 
1,869.6

  Loss on impairment
1,778.4

 
968.0

 


 
2,746.4

 
—

 
2,746.4

  Depreciation
382.4

 
175.7

 
—

 
558.1

 
14.4

 
572.5

  General and administrative
—

 
—

 
—

 
—

 
118.4

 
118.4

Operating (loss) income
$
(747.6
)
 
$
(391.6
)
 
$
28.5

 
$
(1,110.7
)
 
$
(132.8
)
 
$
(1,243.5
)
Property and equipment, net
$
8,535.6

 
$
2,481.2

 
$
—

 
$
11,016.8

 
$
71.0

 
$
11,087.8

Capital expenditures
$
1,176.6

 
$
434.7

 
$
—

 
$
1,611.3

 
$
8.2

 
$
1,619.5


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
$
855.5

 
$
666.3

 
$
—

 
$
1,521.8

 
$
44.9

 
$
1,566.7


 
Information about Geographic Areas
 
As of December 31, 2016, our Floaters segment consisted of seven drillships, nine dynamically positioned semisubmersible rigs and three moored semisubmersible rigs deployed in various locations. Additionally, our Floaters segment included one ultra-deepwater drillship under construction in South Korea and one dynamically positioned semisubmersible rig held-for-sale.  Our Jackups segment consisted of 38 jackup rigs, of which 36 were deployed in various locations, one was under construction in Singapore and one was classified as held-for-sale.  
 
As of December 31, 2016, the geographic distribution of our drilling rigs by operating segment was as follows:
 
Floaters

 
Jackups

 
Total

North & South America
8
 
7
 
15
Europe & the Mediterranean
6
 
11
 
17
Middle East & Africa
1
 
11
 
12
Asia & Pacific Rim
4
 
7
 
11
Asia & Pacific Rim (under construction)
1
 
1
 
2
Held-For-Sale
1
 
1
 
2
Total
21
 
38
 
59


We provide management services on two rigs owned by third-parties not included in the table above. 

For purposes of our long-lived asset geographic disclosure, we attribute 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 our long-lived assets was as follows (in millions):
 
 
Long-lived Assets
 
 
2016
 
2015
 
2014
United States
 
$
2,898.3

 
$
4,731.8

 
$
5,240.4

Spain
 
2,334.5

 
757.0

 
—

Singapore
 
1,388.4

 
832.9

 
126.7

Angola
 
821.7

 
1,471.1

 
1,913.5

United Kingdom
 
409.0

 
462.4

 
982.0

Brazil
 
187.4

 
210.8

 
1,459.0

Other countries
 
2,880.0

 
2,621.8

 
2,813.2

Total
 
$
10,919.3

 
$
11,087.8

 
$
12,534.8