

	March 31, 2022		December 31, 2021
Trade	$	288.2	$	296.8
Income tax receivable	150.9		151.1
Other	16.5		12.7
	455.6		460.6
Allowance for doubtful accounts	(16.3)		(16.4)
	$	439.3	$	444.2



	March 31, 2022		December 31, 2021
Prepaid taxes	$	42.8	$	44.4
Deferred costs	31.8		26.9
Prepaid expenses	21.4		23.1

Other	29.7		23.4
	$	125.7	$	117.8



	March 31, 2022		December 31, 2021
Tax receivables	$	65.6	$	64.8
Deferred tax assets	60.8		59.7
Right-of-use assets	22.1		20.5


Other	38.1		31.0
	$	186.6	$	176.0



	March 31, 2022		December 31, 2021
Personnel costs	$	58.2	$	64.6
Deferred revenue	56.3		45.8
Income and other taxes payable	48.6		45.7

Accrued interest	18.9		7.6
Lease liabilities	9.7		10.0

Other	20.4		22.5
	$	212.1	$	196.2



	March 31, 2022		December 31, 2021
Unrecognized tax benefits (inclusive of interest and penalties)	$	285.2	$	320.2
Pension and other post-retirement benefits	199.2		204.0







Other	60.4		56.9
	$	544.8	$	581.1



	March 31, 2022		December 31, 2021
Pension and other post-retirement benefits	$	(9.1)	$	(9.1)
Currency translation adjustment	(0.3)		—


	$	(9.4)	$	(9.1)


	Successor		Predecessor
	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
Net foreign currency exchange gains	$	4.7	$	16.6
Net periodic pension income, excluding service cost	4.0		4.0

Net gain on sale of property	2.5		1.4
Other income (expense)	(0.2)		0.5
	$	11.0	$	22.5

Our restricted cash of $30.0 million and $35.9 million at March 31, 2022 and December 31, 2021, respectively, consists primarily of $27.1 million and $31.1 million of collateral on letters of credit for each respective period. See "Note 11 - Contingencies" for more information regarding our letters of credit.

We are exposed to credit risk relating to our receivables from customers, our cash and cash equivalents and, at times, investments. 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
	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
BP plc ("BP")(1)	16	%	15	%
Shell plc ("Shell")(2)	11	%	9	%
Eni S.p.A ("Eni")(3)	10	%	7	%
Other	63	%	69	%
	100	%	100	%

(1)During the three months ended March 31, 2022 (Successor), 43% of the revenues provided by BP were attributable to our Floaters segment, 13% of the revenues were attributable to our Jackups segment and the remaining were attributable to our managed rigs.

During the three months ended March 31, 2021 (Predecessor), 43% of the revenues provided by BP were attributable to our Floaters segment, 15% of the revenues were attributable to our Jackups segment and the remaining were attributable to our managed rigs.

(2) During the three months ended March 31, 2022 (Successor), 67% of the revenues provided by Shell were attributable to our Floaters segment and 33% of the revenues were attributable to our Jackups segment.

During the three months ended March 31, 2021 (Predecessor), 62% of the revenues provided by Shell were attributable to our Floaters segment and 38% of the revenues were attributable to our Jackups segment.

(3) During the three months ended March 31, 2022 (Successor), 58% of the revenues provided by Eni were attributable to our Jackups segment and 42% of the revenues were attributable to our Floaters segment.

During the three months ended March 31, 2021 (Predecessor), 69% of the revenues provided by Eni were attributable to our Floaters segment and 31% of the revenues were attributable to our Jackups segment.

For purposes of our geographic disclosure, we attribute revenues to the geographic location where such revenues are earned. Consolidated revenues for locations that individually had 10% or more of revenue are as follows (in millions):


	Successor		Predecessor
	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021
United Kingdom(1)	$	65.6	$	56.1
U.S. Gulf of Mexico(2)	50.6		56.8
Saudi Arabia(3)	38.1		41.6
Norway(1)	24.3		54.0
Mexico(4)	22.1		38.2


Other	117.7		60.4
	$	318.4	$	307.1

(1)During the three months ended March 31, 2022 (Successor) and 2021 (Predecessor), revenues earned in the United Kingdom and Norway were attributable to our Jackups segment.

(2)During the three months ended March 31, 2022 (Successor), 41% and 13% of the revenues earned in U.S. Gulf of Mexico were attributable to our Floaters segment and Jackups segment respectively. The remaining revenues were attributable to our managed rigs.

During the three months ended March 31, 2021 (Predecessor), 65% of the revenues earned in U.S. Gulf of Mexico were attributable to our Floaters segment and the remaining revenues were primarily attributable to our managed rigs.

(3)During the three months ended March 31, 2022 (Successor), 62% of the revenues earned in Saudi Arabia were attributable to our Jackups segment. The remaining revenues were attributable to our Other segment and relates primarily to our rigs leased to ARO.

During the three months ended March 31, 2021 (Predecessor), 57% of the revenues earned in Saudi Arabia were attributable to our Jackups segment. The remaining revenues were attributable to our Other segment and relates primarily to our rigs leased to ARO.

(4)During the three months ended March 31, 2022 (Successor), 93% of the revenues earned in Mexico were attributable to our Jackups segment and the remaining revenues were attributable to our Floaters segment.

During the three months ended March 31, 2021 (Predecessor), 56% of the revenues earned in Mexico were attributable to our Floaters segment and the remaining revenues were attributable to our Jackups segment.