Supplemental Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

Supplemental Financial Information [Abstract]

Accounts receivable, net, as of December 31, 2018 and 2017 consisted of the following (in millions):



	2018			2017
Trade⁽¹⁾	$	301.7		$	335.4
Other	46.4			33.6
	348.1			369.0
Allowance for doubtful accounts ⁽¹⁾	(3.4		)	(23.6		)
	$	344.7		$	345.4

⁽¹⁾ The decline in trade receivables and allowance for doubtful accounts is primarily due to the settlement with Petrobras described in "Note 12 - Commitments and Contingencies".

Other Current Assets

Other current assets as of December 31, 2018 and 2017 consisted of the following (in millions):



	2018		2017
Inventory	$	268.1	$	278.8
Prepaid taxes	35.0		43.5
Deferred costs	23.5		29.7
Prepaid expenses	15.2		14.2
Other	19.1		15.0
	$	360.9	$	381.2

Other Assets, Net

Other assets as of December 31, 2018 and 2017 consisted of the following (in millions):



	2018		2017
Deferred tax assets	$	29.4	$	38.8
Supplemental executive retirement plan assets	27.2		30.9
Deferred costs	21.5		37.4
Intangible assets	2.5		15.7
Other	17.2		17.4
	$	97.8	$	140.2

Accrued Liabilities And Other

Accrued liabilities and other as of December 31, 2018 and 2017 consisted of the following (in millions):



	2018		2017
Accrued interest	$	100.6	$	83.1
Personnel costs	82.5		112.0
Deferred revenue	56.9		71.9
Income and other taxes payable	36.9		46.4
Derivative liabilities	10.9		.4
Other	30.2		12.1
	$	318.0	$	325.9

Other Liabilities

Other liabilities as of December 31, 2018 and 2017 consisted of the following (in millions):



	2018		2017
Unrecognized tax benefits (inclusive of interest and penalties)	$	177.0	$	178.0
Deferred tax liabilities	70.7		18.5
Intangible liabilities	53.5		59.6
Supplemental executive retirement plan liabilities	28.1		32.0
Personnel costs	25.1		18.1
Deferred revenue	20.5		51.2
Deferred rent	11.7		17.1
Other	9.4		12.2
	$	396.0	$	386.7

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated other comprehensive income as of December 31, 2018 and 2017 consisted of the following (in millions):



	2018			2017
Derivative instruments	$	12.6		$	22.5
Currency translation adjustment	7.3			7.8
Other	(1.7		)	(1.7		)
	$	18.2		$	28.6

Repair And Maintenance Expense Related To Continuing Operations

Repair and maintenance expense related to continuing operations for each of the years in the three-year period ended December 31, 2018 was as follows (in millions):



	2018		2017		2016
Repair and maintenance expense	$	198.4	$	188.7	$	151.1

Schedule of Cash Flows Information

Net cash provided by (used in) operating activities of continuing operations attributable to the net change in operating assets and liabilities for each of the years in the three-year period ended December 31, 2018 was as follows (in millions):



	2018			2017			2016
(Increase) decrease in accounts receivable	$	(6.2	)	$	83.2		$	222.4
(Increase) decrease in other assets	(2.8		)	(14.0		)	44.0
Decrease in liabilities	(9.0		)	(3.8		)	(125.8		)
	$	(18.0	)	$	65.4		$	140.6

Cash Paid For Interest And Income Taxes

Cash paid for interest and income taxes for each of the years in the three-year period ended December 31, 2018 was as follows (in millions):



	2018		2017		2016
Interest, net of amounts capitalized	$	232.6	$	199.8	$	264.8
Income taxes	58.4		62.8		56.4

Revenue from External Customers by Products and Services [Table Text Block]

Consolidated revenues by customer for the years ended December 31, 2018, 2017 and 2016 were as follows:



	2018		2017		2016
Total⁽¹⁾	15	%	22	%	13	%
Saudi Aramco⁽²⁾	11	%	9	%	6	%
Petrobras⁽¹⁾	8	%	11	%	9	%
BP ⁽³⁾	7	%	15	%	12	%
Other	59	%	43	%	60	%
	100	%	100	%	100	%


⁽¹⁾	For the years ended December 31, 2018, 2017 and 2016, all Total and Petrobras revenues were attributable to the Floater segment.


⁽²⁾	For the years ended December 31, 2018, 2017 and 2016, all Saudi Aramco revenues were attributable to the Jackup segment.

⁽³⁾

For the year ended December 31, 2018, 27%, 53% and 20% of BP revenues were attributable to our Floater, Other and Jackup segments, respectively. For the year ended December 31, 2017, 78% of BP revenues were attributable to our Floater segment and the remaining revenues were attributable to our Other segment. For the year ended December 31, 2016, 76%, 17% and 7% of BP revenues were attributable to our Floater, Other and Jackup segments, respectively.

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

Consolidated revenues by region, including the United Kingdom, our country of domicile, for the years ended December 31, 2018, 2017 and 2016 were as follows (in millions):



	2018		2017		2016
Angola⁽¹⁾	$	285.7	$	445.7	$	552.1
Australia⁽²⁾	283.9		206.7		222.8
U.S. Gulf of Mexico⁽³⁾	214.7		149.8		531.7
United Kingdom⁽⁴⁾	192.6		164.6		246.2
Saudi Arabia⁽⁴⁾	182.2		171.8		210.6
Brazil⁽⁵⁾	139.6		196.2		298.0
Egypt⁽⁵⁾	31.2		214.8		141.2
Other	375.5		293.4		573.8
	$	1,705.4	$	1,843.0	$	2,776.4


⁽¹⁾	For the years ended December 31, 2018, 2017 and 2016, 86%, 88% and 87% of revenues earned in Angola, respectively, were attributable to our Floaters segment with the remaining revenues attributable to our Jackup segment.


⁽²⁾	For the years ended December 31, 2018, 2017 and 2016, 92%, 87% and 95% of revenues earned in Australia, respectively, were attributable to our Floaters segment with the remaining revenues attributable to our Jackup segment.


⁽³⁾	For the years ended December 31, 2018, 2017 and 2016, 30%, 29% and 82% of revenues earned in the U.S. Gulf of Mexico, respectively, were attributable to our Floaters segment, 42%, 31% and 7% of revenues were attributable to our Jackup segment, respectively, and the remaining revenues were attributable to our Other segment, respectively.


⁽⁴⁾	For the years ended December 31, 2018, 2017 and 2016, all revenues were attributable to our Jackup segment.


⁽⁵⁾	For the years ended December 31, 2018, 2017 and 2016, all revenues were attributable to our Floater segment.