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Rowan Transaction Rowan Transaction (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The provisional amounts for assets acquired and liabilities assumed are based on preliminary estimates of their fair values as of the Transaction Date and are as follows (in millions):
| Estimated Fair Value
Assets: |
Cash and cash equivalents | $ | 928.9 |
Accounts receivable(1) | 199.1 |
Other current assets | 200.0 |
Long-term notes receivable from ARO | 454.5 |
Investment in ARO | 152.3 |
Property and equipment | 2,755.3 |
Other assets | 184.4 |
Liabilities: |  |
Accounts payable and accrued liabilities | 252.1 |
Current portion of long-term debt | 181.2 |
Long-term debt | 1,910.9 |
Other liabilities | 372.0 |
Net assets acquired | 2,158.3 |
Less: Transaction consideration | (1,404.6 | )
Bargain purchase gain | $ | 753.7 |
(1) | Gross contractual amounts receivable totaled $201.1 million as of the Transaction Date.
Business Acquisition, Pro Forma Information [Table Text Block] | The pro forma results do not include any potential synergies or non-recurring charges that may result directly from the Rowan Transaction.
(in millions, except per share amounts) | Three Months Ended March 31,
| 2019(1) |  | 2018
Revenues | $ | 580.4 |  |  | $ | 628.2 |
Net loss | $ | (271.6 | ) |  | $ | (191.4 | )
Earnings per share - basic and diluted | $ | (1.38 | ) |  | $ | (0.97 | )
(1) | Pro forma net income and earnings per share were adjusted to exclude an aggregate $9.4 million of transaction-related and integration costs incurred during the three-month period ended March 31, 2019.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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