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Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2018

Supplemental Financial Information [Abstract]

Accounts Receivable, Net

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

	March 31, 2018				December 31, 2017
Trade	$	303.1			$	335.4
Other	23.9				33.6
	327.0				369.0
Allowance for doubtful accounts	(22.9		)		(23.6		)
	$	304.1			$	345.4

Other Current Assets

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

	March 31, 2018				December 31, 2017
Inventory	$	281.9			$	278.8
Prepaid taxes	47.3				43.5
Deferred costs	38.8				29.7
Prepaid expenses	14.2				14.2
Derivative asset	7.1				6.8
Assets held-for-sale	5.2				1.5
Other	15.7				6.7
	$	410.2			$	381.2

Other Assets, Net

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

	March 31, 2018				December 31, 2017
Deferred costs	$	30.9			$	37.4
Supplemental executive retirement plan assets	30.1				30.9
Deferred tax assets	28.1				38.8
Intangible assets	14.2				15.7
Other	16.9				17.4
	$	120.2			$	140.2

Accrued Liabilities And Other

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

	March 31, 2018				December 31, 2017
Personnel costs	$	95.2			$	112.0
Deferred revenue	78.0				71.9
Accrued interest	75.0				83.1
Taxes	58.2				46.4
Other	15.4				12.5
	$	321.8			$	325.9

Other Liabilities

Other liabilities consisted of the following (in millions):

	March 31, 2018				December 31, 2017
Unrecognized tax benefits (inclusive of interest and penalties)	$	182.6			$	178.0
Intangible liabilities	59.1				59.6
Deferred revenue	42.1				51.2
Supplemental executive retirement plan liabilities	31.1				32.0
Deferred tax liabilities	18.6				18.5
Personnel costs	18.4				18.1
Deferred rent	15.7				17.1
Other	14.4				12.2
	$	382.0			$	386.7

Accumulated other comprehensive income

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

	March 31, 2018				December 31, 2017
Derivative instruments	$	23.0			$	22.5
Currency translation adjustment	7.8				7.8
Other	(1.8		)		(1.7		)
	$	29.0			$	28.6

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

Consolidated revenues by customer for the quarters ended March 31, 2018 and 2017 were as follows:

	March 31, 2018			March 31, 2017
Total(1)	14	%		22	%
BP (2)	12	%		14	%
Petrobras(1)	12	%		10	%
Saudi Aramco(3)	10	%		9	%
Other	52	%		45	%
	100	%		100	%

⁽¹⁾  During the quarters ended March 31, 2018 and 2017, all revenues were attributable to our Floaters segment.

⁽²⁾  During the quarter ended March 31, 2018, 61% of the revenues provided by BP were attributable to our Floaters segment while 10% of the revenues were attributable to our Jackups segment. During the quarter ended March 31, 2017, 79% of the revenues provided by BP were attributable to our Floaters segment.

⁽³⁾  During the quarters ended March 31, 2018 and 2017, all revenues were 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, 2018 and 2017 were as follows:

	March 31, 2018				March 31, 2017
Angola(1)	$	61.1			$	121.7
U.S. Gulf of Mexico(2)	53.6				44.3
Australia(3)	52.2				54.6
Brazil(4)	50.3				47.8
United Kingdom(5)	46.6				31.2
Saudi Arabia(5)	43.2				41.3
Egypt(4)	31.0				53.2
Other	79.0				77.0
	$	417.0			$	471.1

⁽¹⁾ During the quarters ended March 31, 2018 and 2017, 98% and 86% of the revenues earned, respectively, were attributable to our Floaters segment. The remaining revenues were attributable to our Jackups segment.

⁽²⁾ During the quarters ended March 31, 2018 and 2017, 38% and 37% of the revenues earned, respectively, were attributable to our Floaters segment and 34% and 30% of revenues earned, respectively, were attributable to our Jackups segment.

⁽³⁾ During the quarters ended March 31, 2018 and 2017, 100% and 78% of the revenues earned, respectively, were attributable to our Floaters segment. The remaining revenues were attributable our Jackups segment.

⁽⁴⁾     During the quarters ended March 31, 2018 and 2017, all revenues were attributable to our Floaters segment.

⁽⁵⁾     During the quarters ended March 31, 2018 and 2017, all revenues were attributable to our Jackups segment.

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