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Pension and Other Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

The components of net periodic pension and retiree medical cost were as follows (in millions):

			Successor															Predecessor
			Three Months Ended September 30, 2021															Three Months Ended September 30, 2020
Service cost (1)			$	—														$	.7
Interest cost (2)			5.8															6.6
Expected return on plan assets(2)			(9.5)															(9.6)
Net periodic pension and retiree medical cost (income)			$	(3.7)														$	(2.3)

			Successor									Predecessor
			Five Months Ended September 30, 2021									Four Months Ended April 30, 2021						Nine Months Ended September 30, 2020
Service cost (1)			$	—								$	—					$	2.0
Interest cost (2)			9.6									6.6						19.5
Expected return on plan assets(2)			(15.7)									(12.1)						(28.6)
Amortization of net loss (2)			—									.1						—
Net periodic pension and retiree medical cost (income)			$	(6.1)								$	(5.4)					$	(7.1)

(1)Included in contract drilling and general and administrative expense in our Condensed Consolidated Statements of Operations.

(2)Included in other, net, in our Condensed Consolidated Statements of Operations.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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