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v3.23.1

Supplemental Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Supplemental Financial Information [Abstract] |
Accounts Receivable, Net | Accounts receivable, net, consisted of the following (in millions):
| March 31, 2023 |  | December 31, 2022
Trade | $ | 339.6 |  |  | $ | 345.7 |
Income tax receivables | 47.9 |  |  | 93.6 |
Other | 20.6 |  |  | 24.6 |
| 408.1 |  |  | 463.9 |
Allowance for doubtful accounts | (14.7) |  |  | (14.8) |
| $ | 393.4 |  |  | $ | 449.1 |
Other Current Assets | Other current assets consisted of the following (in millions):
| March 31, 2023 |  | December 31, 2022
Deferred costs | $ | 63.4 |  |  | $ | 59.1 |
Prepaid taxes | 47.3 |  |  | 44.6 |
Prepaid expenses | 17.6 |  |  | 17.5 |
Other | 29.8 |  |  | 27.4 |
| $ | 158.1 |  |  | $ | 148.6 |
Schedule of Accrued Liabilities | Accrued liabilities and other consisted of the following (in millions):
| March 31, 2023 |  | December 31, 2022
Deferred revenue | $ | 65.8 |  |  | $ | 78.0 |
Personnel costs | 60.6 |  |  | 55.8 |
Income and other taxes payable | 53.5 |  |  | 41.4 |
Accrued claims | 25.6 |  |  | 27.2 |
Accrued interest | 18.9 |  |  | 7.6 |
Lease liabilities | 8.8 |  |  | 9.4 |
Other | 34.5 |  |  | 28.5 |
| $ | 267.7 |  |  | $ | 247.9 |
Other Liabilities | Other liabilities consisted of the following (in millions):
| March 31, 2023 |  | December 31, 2022
Unrecognized tax benefits (inclusive of interest and penalties) | $ | 230.1 |  |  | $ | 275.0 |
Pension and other post-retirement benefits | 158.7 |  |  | 159.8 |
Other | 75.8 |  |  | 80.8 |
| $ | 464.6 |  |  | $ | 515.6 |
Schedule of Other Nonoperating Income, by Component | Other, net consisted of the following (in millions):
| Three Months Ended March 31, |  |  |  |  |  |  |
| 2023 |  | 2022 |  |  |  |  |
Net foreign currency exchange gains | $ | 0.5 |  |  | $ | 4.7 |  |  |  |  |  |  |  |
Net periodic pension income | 0.1 |  |  | 4.0 |  |  |  |  |  |  |  |
Net gain on sale of property | 0.1 |  |  | 2.5 |  |  |  |  |  |  |  |
Other expense | (0.1) |  |  | (1.2) |  |  |  |  |  |  |  |
| $ | 0.6 |  |  | $ | 10.0 |  |  |  |  |  |  |  |
Schedule of Revenue by Major Customers by Reporting Segments | Consolidated revenues with customers that individually contributed 10% or more of revenue were as follows:
| Three Months Ended March 31, 2023 |  | Three Months Ended March 31, 2022 |  |  |
| Floaters |  | Jackups |  | Other |  | Total |  | Floaters |  | Jackups |  | Other |  | Total |  |  |
Eni S.p.A | 7 | % |  | 7 | % |  | — | % |  | 14 | % |  | 4 | % |  | 6 | % |  | — | % |  | 10 | % |  |  |
BP plc | 2 | % |  | 5 | % |  | 6 | % |  | 13 | % |  | 7 | % |  | 2 | % |  | 7 | % |  | 16 | % |  |  |
Shell plc | 5 | % |  | 2 | % |  | — | % |  | 7 | % |  | 7 | % |  | 4 | % |  | — | % |  | 11 | % |  |  |
Other customers (1) | 36 | % |  | 25 | % |  | 5 | % |  | 66 | % |  | 13 | % |  | 45 | % |  | 5 | % |  | 63 | % |  |  |
| 50 | % |  | 39 | % |  | 11 | % |  | 100 | % |  | 31 | % |  | 57 | % |  | 12 | % |  | 100 | % |  |  |
(1) Other customers includes customers that individually contributed to less than 10% of our total revenues.
Revenue from External Customers by Geographic Areas | Consolidated revenues for locations that individually had 10% or more of revenue were as follows (in millions):
| Three Months Ended March 31, 2023 |  | Three Months Ended March 31, 2022 |  |  |
| Floaters |  | Jackups |  | Other |  | Total |  | Floaters |  | Jackups |  | Other |  | Total |  |  |
U.S. Gulf of Mexico | $ | 41.7 |  |  | $ | 8.2 |  |  | $ | 26.1 |  |  | $ | 76.0 |  |  | $ | 20.6 |  |  | $ | 6.7 |  |  | $ | 23.3 |  |  | $ | 50.6 |  |  |  |
United Kingdom | — |  |  | 53.5 |  |  | — |  |  | 53.5 |  |  | — |  |  | 65.6 |  |  | — |  |  | 65.6 |  |  |  |
Australia | 37.7 |  |  | 12.9 |  |  | — |  |  | 50.6 |  |  | 12.0 |  |  | 0.1 |  |  | — |  |  | 12.1 |  |  |  |
Saudi Arabia | — |  |  | 19.9 |  |  | 19.4 |  |  | 39.3 |  |  | — |  |  | 23.5 |  |  | 14.6 |  |  | 38.1 |  |  |  |
Other countries (1) | 135.4 |  |  | 75.3 |  |  | — |  |  | 210.7 |  |  | 67.1 |  |  | 84.8 |  |  | 0.1 |  |  | 152.0 |  |  |  |
| $ | 214.8 |  |  | $ | 169.8 |  |  | $ | 45.5 |  |  | $ | 430.1 |  |  | $ | 99.7 |  |  | $ | 180.7 |  |  | $ | 38.0 |  |  | $ | 318.4 |  |  |  |
(1) Other countries includes locations that individually contributed to less than 10% of total revenues.

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