

	June 30, 2022		December 31, 2021
Trade	$	391.2	$	296.8
Income tax receivable	146.9		151.1
Other	23.2		12.7
	561.3		460.6
Allowance for doubtful accounts	(16.7)		(16.4)
	$	544.6	$	444.2



	June 30, 2022		December 31, 2021
Deferred costs	$	57.9	$	26.9
Prepaid taxes	47.4		44.4
Prepaid expenses	27.1		23.1

Other	26.6		23.4
	$	159.0	$	117.8



	June 30, 2022		December 31, 2021
Tax receivables	$	63.0	$	64.8
Deferred tax assets	52.2		59.7
Right-of-use assets	23.0		20.5


Other	45.9		31.0
	$	184.1	$	176.0



	June 30, 2022		December 31, 2021
Deferred revenue	$	63.5	$	45.8
Income and other taxes payable	55.1		45.7

Personnel costs	53.2		47.3
Accrued claims	41.2		17.3
Lease liabilities	8.5		10.0
Accrued interest	7.6		7.6

Other	31.0		22.5
	$	260.1	$	196.2



	June 30, 2022		December 31, 2021
Unrecognized tax benefits (inclusive of interest and penalties)	$	274.2	$	320.2
Pension and other post-retirement benefits	194.5		204.0








Other	58.9		56.9
	$	527.6	$	581.1


	Successor				Predecessor
	Three Months Ended June 30, 2022		Two Months Ended June 30, 2021		One Month Ended April 30, 2021
Net gain (loss) on sale of property	$	135.1	$	(0.1)	$	4.6
Net foreign currency exchange gains (losses)	10.7		3.1		(3.2)
Net periodic pension income	4.1		2.4		1.4

Other income (expense)	(0.2)		0.2		0.6
	$	149.7	$	5.6	$	3.4


	Successor				Predecessor
	Six Months Ended June 30, 2022		Two Months Ended June 30, 2021		Four Months Ended April 30, 2021
Net gain (loss) on sale of property	$	137.6	$	(0.1)	$	6.0
Net foreign currency exchange gains	15.4		3.1		13.4
Net periodic pension income	8.1		2.4		5.4

Other income (expense)	(0.4)		0.2		1.1
	$	160.7	$	5.6	$	25.9

Our restricted cash of $23.8 million and $35.9 million at June 30, 2022 and December 31, 2021, respectively, consists primarily of $20.6 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 June 30, 2022		Two Months Ended June 30, 2021		One Month Ended April 30, 2021
Equinor ASA ("Equinor")(1)	17	%	6	%	7	%
BP plc ("BP")(2)	13	%	9	%	11	%


Other	70	%	85	%	82	%
	100	%	100	%	100	%


	Successor				Predecessor
	Six Months Ended June 30, 2022		Two Months Ended June 30, 2021		Four Months Ended April 30, 2021
Equinor(1)	12	%	6	%	6	%
BP(2)	14	%	9	%	14	%


Other	74	%	85	%	80	%
	100	%	100	%	100	%

(1)During the three months ended June 30, 2022 (Successor), 72% of the revenues provided by Equinor were attributable to our Floaters segment and 28% of the revenues were attributable to our Jackups segment.

During the six months ended June 30, 2022 (Successor), 57% of the revenues provided by Equinor were attributable to our Floaters segment and 43% of the revenues were attributable to our Jackups segment.

During the two months ended June 30, 2021 (Successor) and one month and four months ended April 30, 2021 (Predecessor), 100% of the revenues provided by Equinor were attributable to our Jackups segment.

(2)During the three months ended June 30, 2022 (Successor), 35% of the revenues provided by BP were attributable to our Floaters segment, 19% of the revenues were attributable to our Jackups segment and the remaining were attributable to our managed rigs.

During the six months ended June 30, 2022 (Successor), 39% of the revenues provided by BP were attributable to our Floaters segment, 16% of the revenues were attributable to our Jackups segment and the remaining were attributable to our managed rigs.

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

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 June 30, 2022		Two Months Ended June 30, 2021		One Month Ended April 30, 2021
U.S. Gulf of Mexico(1)	$	125.8	$	30.9	$	17.6
United Kingdom(2)	63.1		41.1		19.6
Saudi Arabia(3)	35.1		25.2		12.0
Norway(2)	28.1		40.5		19.3
Mexico(4)	20.6		18.9		6.1


Other	140.6		46.2		15.7
	$	413.3	$	202.8	$	90.3


	Successor				Predecessor
	Six Months Ended June 30, 2022		Two Months Ended June 30, 2021		Four Months Ended April 30, 2021
U.S. Gulf of Mexico(1)	$	176.4	$	30.9	$	74.4
United Kingdom(2)	128.7		41.1		75.7
Saudi Arabia(3)	73.2		25.2		53.6
Norway(2)	52.4		40.5		73.3
Mexico(4)	42.7		18.9		44.3


Other	258.3		46.2		76.1
	$	731.7	$	202.8	$	397.4

(1)During the three months ended June 30, 2022 (Successor), 77% and 4% 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 six months ended June 30, 2022 (Successor), 66% and 7% of the revenues earned in U.S. Gulf of Mexico were attributable to our Floaters segment and Jackups segment, respectively. The remaining revenues were primarily attributable to our managed rigs.

During the two months ended June 30, 2021 (Successor), 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 (Predecessor), 62% and 64%, respectively, of the revenues earned in U.S. Gulf of Mexico were attributable to our Floaters segment. The remaining revenues were attributable to our managed rigs.

(2)During the three and six months ended June 30, 2022 (Successor), two months ended June 30, 2021 (Successor) and one month and four months ended April 30, 2021 (Predecessor), revenues earned in the United Kingdom and Norway were attributable to our Jackups segment.

(3)During the three and six months ended June 30, 2022 (Successor), 57% and 59%, respectively, 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 two months ended June 30, 2021 (Successor), 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 (Predecessor), 55% and 57%, respectively, of the revenues earned in Saudi Arabia were attributable to our Jackups segment.

(4)During the three and six months ended June 30, 2022 (Successor), 84% and 89%, respectively, of the revenues earned in Mexico were attributable to our Jackups segment, and the remaining revenues were attributable to our Floaters segment.

During the two months ended June 30, 2021 (Successor), 41% and 59% of the revenues earned in Mexico were attributable to our Floaters segment and Jackups segment, respectively. During the one month and four months ended April 30, 2021 (Predecessor), 4% and 49%, respectively, of the revenues earned in Mexico were attributable to our Floaters segment, and 96% and 51%, respectively, of the revenues earned in Mexico were attributable to our Jackups segment.