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v3.23.3

Supplemental Financial Information (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2023
Supplemental Financial Information [Abstract] |  |
Accounts Receivable, Net |  | Accounts receivable, net, consisted of the following (in millions):
| September 30, 2023 |  | December 31, 2022
Trade | $ | 435.5 |  |  | $ | 345.7 |
Income tax receivables | 50.9 |  |  | 93.6 |
Other | 21.7 |  |  | 24.6 |
| 508.1 |  |  | 463.9 |
Allowance for doubtful accounts | (15.7) |  |  | (14.8) |
| $ | 492.4 |  |  | $ | 449.1 |
Other Current Assets |  | Other current assets consisted of the following (in millions):
| September 30, 2023 |  | December 31, 2022
Deferred costs | $ | 78.9 |  |  | $ | 59.1 |
Prepaid taxes | 48.4 |  |  | 44.6 |
Prepaid expenses | 23.9 |  |  | 17.5 |
Other | 27.5 |  |  | 27.4 |
| $ | 178.7 |  |  | $ | 148.6 |
Schedule of Accrued Liabilities |  | Accrued liabilities and other consisted of the following (in millions):
| September 30, 2023 |  | December 31, 2022
Current contract liabilities (deferred revenues) | $ | 103.4 |  |  | $ | 78.0 |
Personnel costs | 65.2 |  |  | 55.8 |
Income and other taxes payable | 54.8 |  |  | 41.4 |
Accrued interest | 41.6 |  |  | 7.6 |
Accrued claims | 24.6 |  |  | 27.2 |
Lease liabilities | 17.0 |  |  | 9.4 |
Other | 40.0 |  |  | 28.5 |
| $ | 346.6 |  |  | $ | 247.9 |
Other Liabilities |  | Other liabilities consisted of the following (in millions):
| September 30, 2023 |  | December 31, 2022
Unrecognized tax benefits (inclusive of interest and penalties) | $ | 234.5 |  |  | $ | 275.0 |
Pension and other post-retirement benefits | 155.3 |  |  | 159.8 |
Noncurrent contract liabilities (deferred revenues) | 43.3 |  |  | 41.0 |
Other | 49.4 |  |  | 39.8 |
| $ | 482.5 |  |  | $ | 515.6 |
Schedule of Other Nonoperating Income, by Component | Other, net consisted of the following (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net foreign currency exchange gains | $ | 3.6 |  |  | $ | 9.8 |  |  | $ | 3.4 |  |  | $ | 25.2 |
Net periodic pension income | 0.1 |  |  | 4.0 |  |  | 0.3 |  |  | 12.1 |
Loss on debt extinguishment | — |  |  | — |  |  | (29.2) |  |  | — |
Net gain on sale of property | — |  |  | 0.1 |  |  | 27.9 |  |  | 137.7 |
Other income (expense) | 0.2 |  |  | (0.2) |  |  | 1.3 |  |  | (2.3) |
| $ | 3.9 |  |  | $ | 13.7 |  |  | $ | 3.7 |  |  | $ | 172.7 |
Schedule of Revenue by Major Customers by Reporting Segments |  | Consolidated revenues with customers that individually contributed 10% or more of revenue in either of the three or nine months ended September 30, 2023, and 2022 were as follows:
| Three Months Ended September 30, 2023 |  | Three Months Ended September 30, 2022
| Floaters |  | Jackups |  | Other |  | Total |  | Floaters |  | Jackups |  | Other |  | Total
BP plc ("BP") | — | % |  | 5 | % |  | 6 | % |  | 11 | % |  | 5 | % |  | 3 | % |  | 6 | % |  | 14 | %
Eni S.p.A ("Eni") | 1 | % |  | 4 | % |  | — | % |  | 5 | % |  | — | % |  | 4 | % |  | — | % |  | 4 | %
Equinor ASA ("Equinor") | 3 | % |  | — | % |  | — | % |  | 3 | % |  | — | % |  | 6 | % |  | — | % |  | 6 | %
Other customers | 49 | % |  | 28 | % |  | 4 | % |  | 81 | % |  | 41 | % |  | 32 | % |  | 3 | % |  | 76 | %
| 53 | % |  | 37 | % |  | 10 | % |  | 100 | % |  | 46 | % |  | 45 | % |  | 9 | % |  | 100 | %
| Nine Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2022
| Floaters |  | Jackups |  | Other |  | Total |  | Floaters |  | Jackups |  | Other |  | Total
BP | 1 | % |  | 5 | % |  | 6 | % |  | 12 | % |  | 5 | % |  | 3 | % |  | 6 | % |  | 14 | %
Eni | 5 | % |  | 6 | % |  | — | % |  | 11 | % |  | — | % |  | 6 | % |  | — | % |  | 6 | %
Equinor | 1 | % |  | — | % |  | — | % |  | 1 | % |  | 4 | % |  | 6 | % |  | — | % |  | 10 | %
Other customers | 46 | % |  | 26 | % |  | 4 | % |  | 76 | % |  | 33 | % |  | 33 | % |  | 4 | % |  | 70 | %
| 53 | % |  | 37 | % |  | 10 | % |  | 100 | % |  | 42 | % |  | 48 | % |  | 10 | % |  | 100 | %
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 September 30, 2023 |  | Three Months Ended September 30, 2022
| Floaters |  | Jackups |  | Other |  | Total |  | Floaters |  | Jackups |  | Other |  | Total
U.S. Gulf of Mexico | $ | 65.3 |  |  | $ | 8.5 |  |  | $ | 26.2 |  |  | $ | 100.0 |  |  | $ | 62.8 |  |  | $ | 6.7 |  |  | $ | 25.7 |  |  | $ | 95.2 |
United Kingdom | — |  |  | 71.0 |  |  | — |  |  | 71.0 |  |  | — |  |  | 71.4 |  |  | — |  |  | 71.4 |
Angola | 62.8 |  |  | — |  |  | — |  |  | 62.8 |  |  | 23.2 |  |  | — |  |  | — |  |  | 23.2 |
Australia | 40.2 |  |  | 6.8 |  |  | — |  |  | 47.0 |  |  | 40.2 |  |  | 11.6 |  |  | — |  |  | 51.8 |
Brazil | 46.4 |  |  | — |  |  | — |  |  | 46.4 |  |  | 33.4 |  |  | — |  |  | — |  |  | 33.4 |
Other countries | 28.6 |  |  | 79.6 |  |  | 19.7 |  |  | 127.9 |  |  | 42.1 |  |  | 106.2 |  |  | 13.9 |  |  | 162.2 |
| $ | 243.3 |  |  | $ | 165.9 |  |  | $ | 45.9 |  |  | $ | 455.1 |  |  | $ | 201.7 |  |  | $ | 195.9 |  |  | $ | 39.6 |  |  | $ | 437.2 |
| Nine Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2022 |  |  |
| Floaters |  | Jackups |  | Other |  | Total |  | Floaters |  | Jackups |  | Other |  | Total |  |  |
U.S. Gulf of Mexico | $ | 152.3 |  |  | $ | 22.5 |  |  | $ | 78.5 |  |  | $ | 253.3 |  |  | $ | 179.3 |  |  | $ | 19.0 |  |  | $ | 73.3 |  |  | $ | 271.6 |  |  |  |
United Kingdom | — |  |  | 192.6 |  |  | — |  |  | 192.6 |  |  | — |  |  | 200.1 |  |  | — |  |  | 200.1 |  |  |  |
Angola | 160.1 |  |  | — |  |  | — |  |  | 160.1 |  |  | 52.3 |  |  | — |  |  | — |  |  | 52.3 |  |  |  |
Australia | 118.0 |  |  | 30.3 |  |  | — |  |  | 148.3 |  |  | 72.7 |  |  | 18.2 |  |  | — |  |  | 90.9 |  |  |  |
Brazil | 117.4 |  |  | — |  |  | — |  |  | 117.4 |  |  | 75.5 |  |  | — |  |  | — |  |  | 75.5 |  |  |  |
Other countries | 137.7 |  |  | 234.9 |  |  | 56.1 |  |  | 428.7 |  |  | 109.7 |  |  | 325.1 |  |  | 43.7 |  |  | 478.5 |  |  |  |
| $ | 685.5 |  |  | $ | 480.3 |  |  | $ | 134.6 |  |  | $ | 1,300.4 |  |  | $ | 489.5 |  |  | $ | 562.4 |  |  | $ | 117.0 |  |  | $ | 1,168.9 |  |  |  |

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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