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Supplemental Financial Information (Tables)

3 Months Ended

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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