XML 44 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1

Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2017

Supplemental Financial Information [Abstract]

Accounts Receivable, Net

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

	March 31, 2017				December 31, 2016
Trade	$	322.7			$	358.4
Other	22.9				24.5
	345.6				382.9
Allowance for doubtful accounts	(21.5		)		(21.9		)
	$	324.1			$	361.0

Other Current Assets

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

	March 31, 2017				December 31, 2016
Inventory	$	220.9			$	225.2
Prepaid taxes	38.1				30.7
Deferred costs	29.7				32.4
Prepaid expenses	7.9				7.9
Other	15.6				19.8
	$	312.2			$	316.0

Other Assets, Net

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

	March 31, 2017				December 31, 2016
Deferred tax assets	$	67.6			$	69.3
Deferred costs	32.5				35.7
Supplemental executive retirement plan assets	28.5				27.7
Prepaid taxes on intercompany transfers of property	—				33.0
Other	9.4				10.2
	$	138.0			$	175.9

Accrued Liabilities And Other

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

	March 31, 2017				December 31, 2016
Deferred revenue	$	109.8			$	116.7
Personnel costs	93.3				124.0
Taxes	44.0				40.7
Accrued interest	78.2				71.7
Derivative liabilities	6.7				12.7
Other	11.2				10.8
	$	343.2			$	376.6

Other Liabilities

Other liabilities consisted of the following (in millions):

	March 31, 2017				December 31, 2016
Unrecognized tax benefits (inclusive of interest and penalties)	$	134.7			$	142.9
Deferred revenue	97.1				120.9
Supplemental executive retirement plan liabilities	29.6				28.9
Personnel costs	13.3				13.5
Other	19.8				16.3
	$	294.5			$	322.5

Accumulated other comprehensive income

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

	March 31, 2017				December 31, 2016
Derivative instruments	$	17.6			$	13.6
Currency translation adjustment	7.6				7.6
Other	(1.7		)		(2.2		)
	$	23.5			$	19.0

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

Consolidated revenues by customer for the quarters ended March 31, 2017 and 2016 were as follows:

	March 31, 2017			March 31, 2016
Total(1)	22	%		15	%
BP (2)	14	%		14	%
Petrobras(1)	10	%		16	%
Other	54	%		55	%
	100	%		100	%

⁽¹⁾  During the quarters ended March 31, 2017 and 2016, all revenues were provided by our Floaters segment.

⁽²⁾  During the quarters ended March 31, 2017 and 2016, 79% and 76% of the revenues provided by BP, respectively, were attributable to our Floaters segment and no revenue was attributable to our Jackups segment.

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

Consolidated revenues by region for the quarters ended March 31, 2017 and 2016 were as follows:

	March 31, 2017				March 31, 2016
Angola(1)	$	121.7			$	136.2
Australia(2)	54.6				62.5
Brazil(3)	47.8				121.0
U.S. Gulf of Mexico(4)	44.3				160.2
United Kingdom(5)	31.2				73.8
Other	171.5				260.3
	$	471.1			$	814.0

⁽¹⁾ During the quarters ended March 31, 2017 and 2016, 86% and 87% of the revenues earned in Angola, respectively, were attributable to our Floaters segment.

⁽²⁾ During the quarters ended March 31, 2017 and 2016, 78% and 100% of the revenues earned in Australia, respectively, were attributable to our Floaters segment.

⁽³⁾     During the quarters ended March 31, 2017 and 2016, all revenues were provided by our Floaters segment.

⁽⁴⁾ During the quarters ended March 31, 2017 and 2016, 37% and 84% of the revenues earned, respectively, were attributable to our Floaters segment and 30% and 6% of revenues earned, respectively, were attributable to our Jackups segment.

⁽⁵⁾     During the quarters ended March 31, 2017 and 2016, all revenues were provided by our Jackups segment.

X

- Definition

Supplemental Financial Information [Abstract]

+ References

No definition available.

+ Details

Name:	esv_SupplementalFinancialInformationAbstract
Namespace Prefix:	esv_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period.

+ References

No definition available.

+ Details

Name:	us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as noncurrent at the end of the reporting period.

+ References

No definition available.

+ Details

Name:	us-gaap_AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureNoncurrentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration