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Derivative Instruments (Gains And Losses On Derivatives Designated As Cash Flow Hedges) (Details) - USD ($)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Derivative [Line Items]

Net change in derivative fair value

$ 2,700,000

$ (5,700,000)

$ (5,400,000)

$ (7,300,000)

Interest Rate Lock Contracts

Derivative [Line Items]

Gain (Loss) Recognized in Other Comprehensive Income ("OCI") (Effective Portion)

^[1]

0

0

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)

1,700,000

0

^[1],[2]

1,800,000

^[1],[2]

Foreign Exchange Forward

Derivative [Line Items]

Gain (Loss) Recognized in Other Comprehensive Income ("OCI") (Effective Portion)

(7,300,000)

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)

^[2]

(11,500,000)

6,500,000

Foreign Exchange Forward | Contract Drilling

Derivative [Line Items]

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)

500,000

(3,400,000)

(2,000,000.0)

(7,100,000)

Foreign Exchange Forward | Depreciation Expense

Derivative [Line Items]

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)

200,000

13,500,000

600,000

Cash Flow Hedges

Derivative [Line Items]

Net change in derivative fair value

2,700,000

Gain (Loss) Recognized in Other Comprehensive Income ("OCI") (Effective Portion)

2,700,000

(5,700,000)

(5,400,000)

(7,300,000)

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)

(500,000)

4,900,000

$ (11,500,000)

^[2]

$ 8,300,000

^[2]

Cash Flow Hedges | Foreign Exchange Forward

Derivative [Line Items]

Gain (Loss) Recognized in Other Comprehensive Income ("OCI") (Effective Portion)

(5,700,000)

Gain (Loss) Reclassified from Accumulated Other Comprehensive Income ("AOCI") into Income (Effective Portion)

^[2]

$ (500,000)

$ 3,200,000

[1]

During the nine months ended September 30, 2020, $2.0 million of losses were reclassified from AOCI into contract drilling expense and $13.5 million of gains were reclassified from AOCI into depreciation expense in our condensed consolidated statement of operations. During the nine months 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.

[2]

Changes in the fair value of cash flow hedges 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)Losses on interest rate lock derivatives reclassified from AOCI into income were included in interest expense, net, in our condensed consolidated statements of operations.

X

- Definition

The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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Amount before tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

+ References

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+ References

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