v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues        
Contract drilling revenues $ 2,321 $ 2,174 $ 4,466 $ 4,188
Other revenues 76 155 128 251
Total operating revenues 2,397 2,329 4,594 4,439
Costs and expenses        
Operating and maintenance 1,393 2,105 2,768 3,347
Depreciation 286 280 561 565
General and administrative 77 79 144 148
Total costs and expenses 1,756 2,464 3,473 4,060
Loss on impairment (37)   (37) (140)
Loss on disposal of assets, net (2) (7) (9) (10)
Operating income (loss) 602 (142) 1,075 229
Other income (expense), net        
Interest income 11 13 28 28
Interest expense, net of amounts capitalized (146) (183) (303) (363)
Other, net (16) (6) (17) (24)
Total other income (expense), net (151) (176) (292) (359)
Income (loss) from continuing operations before income tax expense 451 (318) 783 (130)
Income tax (benefit) expense 130 (15) 149 19
Income (loss) from continuing operations 321 (303) 634 (149)
Loss from discontinued operations, net of tax (10)   (10) (136)
Net income (loss) 311 (303) 624 (285)
Net income (loss) attributable to noncontrolling interest 4 1 (4) 9
Net income (loss) attributable to controlling interest $ 307 $ (304) $ 628 $ (294)
Earnings (loss) per share-basic        
Earnings (loss) from continuing operations (in dollars per share) $ 0.87 $ (0.86) $ 1.76 $ (0.45)
Loss from discontinued operations (in dollars per share) $ (0.03)   $ (0.03) $ (0.39)
Earnings (loss) per share (in dollars per share) $ 0.84 $ (0.86) $ 1.73 $ (0.84)
Earnings (loss) per share-diluted        
Earnings (loss) from continuing operations (in dollars per share) $ 0.87 $ (0.86) $ 1.76 $ (0.45)
Loss from discontinued operations (in dollars per share) $ (0.03)   $ (0.03) $ (0.39)
Earnings (loss) per share (in dollars per share) $ 0.84 $ (0.86) $ 1.73 $ (0.84)
Weighted-average shares outstanding        
Basic (in shares) 360 353 360 352
Diluted (in shares) 360 353 360 352