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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivatives At Fair Value
Derivatives recorded at fair value on our consolidated balance sheet as of December 31, 2019, consisted of the following (in millions):
 Derivative AssetsDerivative Liabilities
 20192019
Derivatives Designated as Hedging Instruments  
Foreign currency forward contracts - current(1)
$4.2 $.7 
Foreign currency forward contracts - non-current(2)
.8 — 
 5.0 .7 
Derivatives not Designated as Hedging Instruments  
Foreign currency forward contracts - current(1)
1.3 .2 
Total$6.3 $.9 

(1)Derivative assets and liabilities that have maturity dates equal to or less than 12 months from the respective balance sheet date were included in other current assets and accrued liabilities and other, respectively, on our consolidated balance sheet.

(2)Derivative assets and liabilities that have maturity dates greater than 12 months from the respective balance sheet date were included in other assets and other liabilities, respectively, on our consolidated balance sheet.
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 consolidated statements of operations and comprehensive loss for each of the years in the three-year period ended December 31, 2020 were as follows (in millions):
Gain (Loss) Recognized in Other Comprehensive
Income ("OCI")
on Derivatives
  (Effective Portion)  
(Gain) Loss Reclassified from
 AOCI into Income
(Effective Portion)(1)
Gain (Loss) Recognized
in Income on
Derivatives (Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)(2)
202020192018202020192018202020192018
Interest rate lock contracts(3) 
$— $— $— $— $1.9 $.2 $— $— $— 
Foreign currency forward contracts(4)
(5.4)1.6 (9.7)(11.6)6.4 (1.2)— — (1.9)
Total$(5.4)$1.6 $(9.7)$(11.6)$8.3 $(1.0)$— $— $(1.9)
 
(1)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)Gains and losses recognized in income for amounts excluded from effectiveness testing were included in other, net, in our 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.

(3)Losses on interest rate lock derivatives reclassified from AOCI into income were included in interest expense, net, in our consolidated statements of operations.
(4)During the year ended December 31, 2020, $2.0 million of losses were reclassified from AOCI into contract drilling expense and $13.6 million of gains were reclassified from AOCI into depreciation expense in our consolidated statement of operations. During the year ended December 31, 2019, $7.3 million of losses were reclassified from AOCI into contract drilling expense and $0.9 million of gains were reclassified from AOCI into depreciation expense in our consolidated statement of operations. During the year ended December 31, 2018, $400,000 of gains were reclassified from AOCI into contract drilling expense and $800,000 of gains were reclassified from AOCI into depreciation expense in our consolidated statement of operations.