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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income (loss) $ (4,788.5) $ 21.8
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Debtor in Possession financing fees and payments on Backstop Agreement 43.8 0.0
Loss on impairment 3,646.2 90.7
Write-off of unamortized debt discounts, premiums and issuance costs 447.9 0.0
Depreciation expense 418.4 445.9
Deferred income tax benefit (103.6) (3.8)
Debt discounts and other 36.8 18.1
Share-based compensation expense 17.8 28.7
Amortization, net 14.4 (18.1)
Equity in earnings of ARO 7.6 3.1
(Gain on) adjustment to bargain purchase 6.3 (659.8)
Gain on extinguishment of debt (3.1) (194.1)
Other 2.4 (4.7)
Changes in operating assets and liabilities (131.8) (147.3)
Contributions to pension plans and other post-retirement benefits 11.0 8.0
Net cash used in operating activities (396.4) (427.5)
INVESTING ACTIVITIES    
Additions to property and equipment 82.9 174.2
Net proceeds from disposition of assets 44.2 4.9
Maturities of short-term investments 0.0 474.0
Rowan cash acquired 0.0 931.9
Purchases of short-term investments 0.0 (145.0)
Net cash provided by (used in) investing activities (38.7) 1,091.6
FINANCING ACTIVITIES    
Borrowings on credit facility 596.0 175.0
Repayments of credit facility borrowings 15.0 34.4
Payments for Debtor-in-possession financing fees and backstop agreement 43.8 0.0
Reduction of long-term borrowings 9.7 928.1
Purchase of noncontrolling interests (7.2) 0.0
Debt solicitation fees 0.0 9.4
Cash dividends paid 0.0 4.5
Other (1.9) (7.7)
Net cash provided by (used in) financing activities 518.4 (809.1)
Effect of exchange rate changes on cash and cash equivalents (0.1) (0.6)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 83.2 (145.6)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 97.2 275.1
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 180.4 $ 129.5