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Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivatives At Fair Value
Derivatives recorded at fair value on our condensed consolidated balance sheets consisted of the following (in millions):
 Derivative AssetsDerivative Liabilities
September 30,
2019
December 31,
2018
September 30,
2019
December 31,
2018
Derivatives Designated as Hedging Instruments   
Foreign currency forward contracts - current(1)
$—  $.2  $7.0  $8.3  
Foreign currency forward contracts - non-current(2)
—  —  .4  .4  
 $—  $.2  $7.4  $8.7  
Derivatives Not Designated as Hedging Instruments   
Foreign currency forward contracts - current(1)
$.3  $.4  $.8  $2.6  
Total$.3  $.6  $8.2  $11.3  
 
(1)Derivative assets and liabilities that have maturity dates equal to or less than twelve months from the respective balance sheet date were included in other current assets and accrued liabilities and other, respectively, on our condensed consolidated balance sheets.

(2)Derivative assets and liabilities that have maturity dates greater than twelve months from the respective balance sheet date were included in other assets and other liabilities, respectively, on our condensed consolidated balance sheets.
Gains And Losses On Derivatives Designated As Cash Flow Hedges
Gains and losses, net of tax, on derivatives designated as cash flow hedges included in our condensed consolidated statements of operations and comprehensive income (loss) were as follows (in millions):

Three Months Ended September 30, 2019 and 2018
Gain (Loss) Recognized in Other Comprehensive Income (Loss) ("OCI") (Effective Portion)  
(Gain) Loss Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)(1)
Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)(2)
201920182019201820192018
Interest rate lock contracts(3)
$—  $—  $1.7  $(.1) $—  $—  
Foreign currency forward contracts(4)
(5.7) (1.9) 3.2  (.6) —  (.3) 
Total$(5.7) $(1.9) $4.9  $(.7) $—  $(.3) 

Nine Months Ended September 30, 2019 and 2018
Gain (Loss) Recognized in Other Comprehensive Income (Loss) ("OCI") (Effective Portion)  
(Gain) Loss Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)(1)
Loss Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)(2)
 201920182019201820192018
Interest rate lock contracts(3)
$—  $—  $1.8  $(.2) $—  $—  
Foreign currency forward contracts(5)
(7.3) (7.6) 6.5  2.4  —  (1.5) 
Total$(7.3) $(7.6) $8.3  $2.2  $—  $(1.5) 

(1)Changes in the fair value of cash flow hedge derivatives are recorded in AOCI.  Amounts recorded in AOCI associated with cash flow hedges are subsequently reclassified into contract drilling, depreciation or interest expense as earnings are affected by the underlying hedged forecasted transaction.

(2)Gains and losses recognized in income for ineffectiveness and amounts excluded from effectiveness testing were included in other, net, in our condensed consolidated statements of operations. As a result of our adoption of Update 2017-12 on January 1, 2019, ineffectiveness is no longer separately measured and recognized. See additional information in Note 1.

(3)Losses on interest rate lock derivatives reclassified from AOCI into income (effective portion) were included in interest expense, net, in our condensed consolidated statements of operations.

(4)During the three-month period ended September 30, 2019, $3.4 million of losses were reclassified from AOCI into contract drilling expense and $0.2 million of gains were reclassified from AOCI into depreciation expense in our condensed consolidated statement of operations. During the three-month period ended September 30, 2018, $0.8 million of losses were reclassified from AOCI into contract drilling expense and $0.2 million of gains were reclassified from AOCI into depreciation expense in our condensed consolidated statement of operations.
(5)During the nine-month period ended September 30, 2019, $7.1 million of losses were reclassified from AOCI into contract drilling expense and $0.6 million of gains were reclassified from AOCI into depreciation expense in our condensed consolidated statement of operations. During the nine-month period ended September 30, 2018, $1.8 million of gains were reclassified from AOCI into contract drilling expense and $0.6 million of gains were reclassified from AOCI into depreciation expense in our condensed consolidated statement of operations.