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Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2019

Supplemental Financial Information [Abstract]

Accounts Receivable, Net

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

	March 31, 2019				December 31, 2018
Trade	$	274.8			$	301.7
Other	42.2				46.4
	317.0				348.1
Allowance for doubtful accounts	(3.3		)		(3.4		)
	$	313.7			$	344.7

Other Current Assets

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

	March 31, 2019				December 31, 2018
Materials and supplies	$	263.8			$	268.1
Prepaid taxes	35.0				35.0
Deferred costs	28.2				23.5
Prepaid expenses	9.7				15.2
Other	18.1				19.1
	$	354.8			$	360.9

Other Assets, Net

Other assets consisted of the following (in millions):

	March 31, 2019				December 31, 2018
Right-of-use assets	$	47.9			$	—
Supplemental executive retirement plan assets	29.3				27.2
Deferred tax assets	27.8				29.4
Deferred costs	19.1				21.5
Other	18.1				19.7
	$	142.2			$	97.8

Accrued Liabilities And Other

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

	March 31, 2019				December 31, 2018
Accrued interest	$	78.0			$	100.6
Personnel costs	61.9				82.5
Deferred revenue	55.9				56.9
Income and other taxes payable	50.3				36.9
Lease liabilities	17.9				—
Accrued rig holding costs	15.9				14.3
Derivative liabilities	7.2				10.9
Other	15.6				15.9
	$	302.7			$	318.0

Other Liabilities

Other liabilities consisted of the following (in millions):

	March 31, 2019				December 31, 2018
Unrecognized tax benefits (inclusive of interest and penalties)	$	173.1			$	177.0
Deferred tax liabilities	75.5				70.7
Intangible liabilities	52.7				53.5
Lease liabilities	41.1				—
Supplemental executive retirement plan liabilities	30.3				28.1
Personnel costs	27.8				25.1
Deferred revenue	17.8				20.5
Deferred rent	—				11.7
Other	9.0				9.4
	$	427.3			$	396.0

Accumulated other comprehensive income

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

	March 31, 2019				December 31, 2018
Derivative instruments	$	14.2			$	12.6
Currency translation adjustment	7.3				7.3
Other	(1.8		)		(1.7		)
	$	19.7			$	18.2

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

Consolidated revenues by customer for the quarters ended March 31, 2019 and 2018 were as follows:

	March 31, 2019			March 31, 2018
Total(1)	18	%		14	%
Saudi Aramco(2)	13	%		10	%
BP (3)	5	%		12	%
Petrobras(4)	5	%		12	%
Other	59	%		52	%
	100	%		100	%

⁽¹⁾  During the quarters ended March 31, 2019 and 2018, all revenues were attributable to our floaters segment.

⁽²⁾  During the quarters ended March 31, 2019 and 2018, all revenues were attributable to our jackups segment.

⁽³⁾  During the quarter ended March 31, 2019, 27% of the revenues were attributable to our jackups segment while 73% of the revenues were attributable to our managed rigs. During the quarter ended March 31, 2018, 61% of the revenues provided by BP were attributable to our floaters segment, 10% of the revenues were attributable to our jackups segment and the remainder was attributable to our managed rigs.

⁽⁴⁾  During the quarters ended March 31, 2019 and 2018, all revenues were attributable to our floaters segment.

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

Consolidated revenues by region for the quarters ended March 31, 2019 and 2018 were as follows:

	March 31, 2019				March 31, 2018
Angola(1)	$	70.6			$	61.1
Australia(2)	67.3				52.2
U.S. Gulf of Mexico(3)	54.7				53.6
Saudi Arabia(4)	53.4				43.2
United Kingdom(4)	43.4				46.6
Brazil(5)	22.0				50.3
Other	94.5				110.0
	$	405.9			$	417.0

⁽¹⁾ During the quarters ended March 31, 2019 and 2018, 86% and 98% 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, 2019 and 2018, 94% and 100% of the revenues earned, respectively, were attributable to our floaters segment. The remaining revenues were attributable our jackups segment.

⁽³⁾ During the quarters ended March 31, 2019 and 2018, 25% and 38% of the revenues earned, respectively, were attributable to our floaters segment, 45% and 34% of revenues earned, respectively, were attributable to our jackups segment and the remainder was attributable to our managed rigs.

⁽⁴⁾     During the quarters ended March 31, 2019 and 2018, all revenues were attributable to our jackups segment.

⁽⁵⁾     During the quarters ended March 31, 2019 and 2018, all revenues were attributable to our floaters segment.

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