
	Successor		Predecessor
	June 30, 2021		December 31, 2020
Trade	$	280.3	$	260.1
Income tax receivable	162.1		190.6
Other	10.0		14.7
	452.4		465.4
Allowance for doubtful accounts	(16.3)		(16.2)
	$	436.1	$	449.2


	Successor		Predecessor
	June 30, 2021		December 31, 2020
Prepaid taxes	$	44.4	$	32.9
Prepaid expenses	29.1		43.4
Deferred costs	20.2		17.4
Materials and supplies	—		279.4
Other	26.0		13.4
	$	119.7	$	386.5


	Successor		Predecessor
	June 30, 2021		December 31, 2020
Tax receivables	$	65.8	$	66.8
Deferred tax assets	42.7		21.9
Right-of-use assets	32.4		35.8
Supplemental executive retirement plan assets	—		22.6

Other	25.6		29.1
	$	166.5	$	176.2


	Successor		Predecessor
	June 30, 2021		December 31, 2020
Personnel costs	$	75.2	$	95.6
Income and other taxes payable	51.5		50.8

Deferred revenue	35.2		57.6
Lease liabilities	15.1		15.7


Other	35.7		30.7
	$	212.7	$	250.4


	Successor		Predecessor
	June 30, 2021		December 31, 2020
Unrecognized tax benefits (inclusive of interest and penalties)	$	298.8	$	286.1
Pension and other post-retirement benefits	182.8		296.6





Intangible liabilities	—		50.4
Customer payable	—		35.5
Other	88.2		93.8
	$	569.8	$	762.4


	Successor		Predecessor
	June 30, 2021		December 31, 2020
Currency translation adjustment	$	(.2)	$	6.5
Derivative instruments	—		5.6
Pension and other post-retirement benefits	—		(98.2)
Other	—		(1.8)
	$	(.2)	$	(87.9)

Our restricted cash of $53.1 million at June 30, 2021 consists primarily of approximately $37.4 million for the collateral on letters of credit and approximately $11.4 million in escrow for payment of professional fees related to the reorganization. See" Note 14 - Contingencies" for more information regarding our letters of credit.

We are exposed to credit risk relating to our receivables from customers and our cash and cash equivalents. We mitigate our credit risk relating to receivables from customers, which consist primarily of major international, government-owned and independent oil and gas companies, by performing ongoing credit evaluations. We also maintain reserves for potential credit losses, which generally have been within our expectations. We mitigate our credit risk relating to cash and investments by focusing on diversification and quality of instruments.


	Successor		Predecessor
	Two Months Ended June 30, 2021		One Month Ended April 30, 2021		Three Months Ended June 30, 2020
BP(1)	9	%	11	%	11	%

Total(2)	—	%	—	%	5	%
Woodside Energy(3)	—	%	—	%	12	%
Other	91	%	89	%	72	%
	100	%	100	%	100	%


	Successor		Predecessor
	Two Months Ended June 30, 2021		Four Months Ended April 30, 2021		Six Months Ended June 30, 2020
BP(1)	9	%	14	%	9	%

Total(2)	—	%	—	%	11	%
Woodside Energy(3)	—	%	—	%	7	%
Other	91	%	86	%	73	%
	100	%	100	%	100	%

(1)During the two months ended June 30, 2021, 25% of the revenues were attributable to our Jackups segment, and the remaining were attributable to our managed rigs. During one month and four months ended April 30, 2021, 7% and 37% of the revenue provided by BP were attributable to our Floaters segment respectively, 28% and 17% of the revenue were attributable to our Jackup segment respectively, and the remaining were attributable to our managed rigs.

During the three months ended June 30, 2020, 17% of the revenues provided by BP were attributable to our Jackups segment, 39% of the revenues were attributable to our Floaters segment and the remaining were attributable to our managed rigs. During the six months ended June 30, 2020, 20% of the revenue provided by BP were attributable to our Jackup segment, 27% of the revenue were attributable to our Floater segment and the remaining were attributable to our managed rigs.

(2)During the three and six months ended June 30, 2020, 56% and 82% of revenues provided by Total were attributable to the Floaters segment and the remaining were attributable to the Jackups segment.

(3)During the three and six months ended June 30, 2020, all the revenue provided by Woodside Energy were attributable to our Floaters segment.


	Successor		Predecessor
	Two Months Ended June 30, 2021		One Month Ended April 30, 2021		Three Months Ended June 30, 2020
United Kingdom(1)	$	41.1	$	19.6	$	52.8
Norway(1)	40.5		19.3		46.5
U.S. Gulf of Mexico(2)	30.9		17.6		66.6
Saudi Arabia(3)	25.2		12.0		57.3
Mexico(4)	18.9		6.1		22.7

Australia(5)	17.8		0.9		72.3
Other	28.4		14.8		70.6
	$	202.8	$	90.3	$	388.8


	Successor		Predecessor
	Two Months Ended June 30, 2021		Four Months Ended April 30, 2021		Six Months Ended June 30, 2020
United Kingdom(1)	$	41.1	$	75.7	$	105.3
Norway(1)	40.5		73.3		87.5
U.S. Gulf of Mexico(2)	30.9		74.4		145.3
Saudi Arabia(3)	25.2		53.6		141.2
Mexico(4)	18.9		44.3		38.7

Australia(5)	17.8		1.0		98.3
Other	28.4		75.1		229.1
	$	202.8	$	397.4	$	845.4

(1)During the two months ended June 30, 2021, one month and four months ended April 30, 2021 and three and six months ended June 30, 2020, all revenues earned in the United Kingdom and Norway were attributable to our Jackups segment.

(2)During the two months ended June 30, 2021, 56% of the revenues earned in U.S. Gulf of Mexico were attributable to our Floaters segment. During the one month and four months ended April 30, 2021, 62% and 64% of the revenue earned in U.S. Gulf of Mexico were attributable to our Floaters segment respectively. The remaining revenues were attributable to our managed rigs.

During the three months ended June 30, 2020, 66% of the revenues earned in U.S. Gulf of Mexico were attributable to our Floaters segment, 6% were attributable to our Jackups segment and the remaining revenues were attributable to our managed rigs. During the six months ended June 30, 2020, 61% of the revenues earned in U.S. Gulf of Mexico were attributable to our Floaters segment, 12% were attributable to our Jackups segment and the remaining revenues were attributable to our managed rigs

(3)During the two months ended June 30, 2021, 57% of the revenues earned in Saudi Arabia were attributable to our Jackups segment. During the one month and four months ended April 30, 2021, 55% and 57% of the revenues earned in Saudi Arabia were attributable to our Jackups segment respectively. During the three and six months ended June 30, 2020, 62% and 57% of the revenues earned in Saudi Arabia were attributable to our Jackups segment. The remaining revenues were attributable to our Other segment and

(4)During the two months ended June 30, 2021, 41% and 59% of the revenues earned in Mexico were attributable to our Floaters and Jackups segment respectively. During the one month and four months ended April 30, 2021, 4% and 49% of the revenues earned Mexico were attributable to our Floaters segment, respectively, and 96% and 51% of the revenue earned in Mexico were attributable to our Jackups segment respectively. During the three and six months ended June 30, 2020, 35% and 58% revenue earned in Mexico were attributable to our Floaters segment respectively, 65% and 42% revenue earned in Mexico were attributable to our Jackups segment respectively.