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Supplemental Financial Information (Tables)
 3 Months Ended
Mar. 31, 2022
Supplemental Financial Information [Abstract]  
Accounts Receivable, Net
Accounts receivable, net, consisted of the following (in millions):
March 31,
2022		December 31,
2021
Trade$288.2 $296.8 
Income tax receivable150.9 151.1 
Other16.5 12.7 
 455.6 460.6 
Allowance for doubtful accounts(16.3)(16.4)
 $439.3 $444.2 
Other Current Assets
Other current assets consisted of the following (in millions):
March 31,
2022		December 31,
2021
Prepaid taxes$42.8 $44.4 
Deferred costs31.8 26.9 
Prepaid expenses21.4 23.1 
Other29.7 23.4 
 $125.7 $117.8 
Other Assets, Net
Other assets consisted of the following (in millions):
March 31,
2022		December 31,
2021
Tax receivables$65.6 $64.8 
Deferred tax assets60.8 59.7 
Right-of-use assets22.1 20.5 
Other38.1 31.0 
$186.6 $176.0 
Schedule of Accrued Liabilities
Accrued liabilities and other consisted of the following (in millions):
March 31,
2022		December 31,
2021
Personnel costs$58.2 $64.6 
Deferred revenue56.3 45.8 
Income and other taxes payable48.6 45.7 
Accrued interest18.9 7.6 
Lease liabilities9.7 10.0 
Other20.4 22.5 
 $212.1 $196.2 
Other Liabilities
Other liabilities consisted of the following (in millions):
March 31,
2022		December 31,
2021
Unrecognized tax benefits (inclusive of interest and penalties)$285.2 $320.2 
Pension and other post-retirement benefits199.2 204.0 
Other60.4 56.9 
 $544.8 $581.1 
Accumulated other comprehensive income
Accumulated other comprehensive income (loss) consisted of the following (in millions):
March 31,
2022		December 31,
2021
Pension and other post-retirement benefits$(9.1)$(9.1)
Currency translation adjustment(0.3)— 
$(9.4)$(9.1)
Schedule of Other Nonoperating Income, by Component
Other, net, consisted of the following (in millions):
SuccessorPredecessor
Three Months Ended March 31, 2022Three Months Ended March 31, 2021
Net foreign currency exchange gains$4.7 $16.6 
Net periodic pension income, excluding service cost4.0 4.0 
Net gain on sale of property2.5 1.4 
Other income (expense)(0.2)0.5 
$11.0 $22.5 
Schedule of Revenue by Major Customers by Reporting Segments
Consolidated revenues with customers that individually contributed 10% or more of revenue were as follows:
SuccessorPredecessor
Three Months Ended March 31, 2022Three 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 %
Other63 %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.
Revenue from External Customers by Geographic Areas Consolidated revenues for locations that individually had 10% or more of revenue are as follows (in millions):
SuccessorPredecessor
Three Months Ended March 31, 2022Three 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 
Other117.7 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.