Shareholders' Equity Shareholders' Equity

3 Months Ended

Mar. 31, 2019

Shareholders' Equity and Share-based Payments [Text Block]

Shareholders' Equity

Activity in our various shareholders' equity accounts for the three-month periods ended March 31, 2019 and 2018 were as follows (in millions):



	Shares	Par Value		Additional Paid-in Capital			Retained Earnings			AOCI		Treasury Shares			Non-controlling Interest
BALANCE, December 31, 2018	115.2	$	46.2	$	7,225.0		$	874.2		$	18.2	$	(72.2	)	$	(2.6	)
Net loss	—	—		—			(190.4		)	—		—			2.4
Dividends paid ($0.04 per share)	—	—		—			(4.5		)	—		—			—
Shares issued under share-based compensation plans, net	—	—		(.1		)	—			—		.1			—
Repurchase of shares	—	—		—			—			—		(2.8		)	—
Share-based compensation cost	—	—		5.3			—			—		—			—
Net other comprehensive income	—	—		—			—			1.5		—			—
BALANCE, March 31, 2019	115.2	$	46.2	$	7,230.2		$	679.3		$	19.7	$	(74.9	)	$	(0.2	)



	Shares	Par Value		Additional Paid-in Capital			Retained Earnings			AOCI			Treasury Shares			Non-controlling Interest
BALANCE, December 31, 2017	111.8	$	44.8	$	7,195.0		$	1,532.7		$	28.6		$	(69.0	)	$	(2.1	)
Net loss	—	—		—			(140.1		)	—			—			(.4		)
Dividends paid ($0.04 per share)	—	—		—			(4.4		)	—			—			—
Cumulative-effect due to ASU 2018-02	—	—		—			(.8		)	.8			—			—
Shares issued under share-based compensation plans, net	—	—		(.1		)	—			—			.1			—
Repurchase of shares	—	—		—			—			—			(1.1		)	—
Share-based compensation cost	—	—		7.5			—			—			—			—
Net other comprehensive loss	—	—		—			—			(.4		)	—			—
BALANCE, March 31, 2018	111.8	$	44.8	$	7,202.4		$	1,387.4		$	29.0		$	(70.0	)	$	(2.5	)

In connection with the Rowan Transaction, on April 11, 2019, we issued 88.3 million Class A Ordinary shares with an aggregate value of $1.4 billion. See "Note 3 - Rowan Transaction" for additional information.

Additionally, on April 11, 2019, we effected a four-for-one reverse stock split. See "Note 14 - Subsequent Events" for additional information.