Debt, net of unamortized discounts, premiums and fair value adjustments, was comprised of the following (in millions):

	June 30, 2013						December 31, 2012
	Transocean Ltd. and subsidiaries		Consolidated variable interest entities		Consolidated total		Transocean Ltd. and subsidiaries		Consolidated variable interest entities		Consolidated total
5% Notes due February 2013	$	—	$	—	$	—	$	250	$	—	$	250
5.25% Senior Notes due March 2013 (a)		—		—		—		502		—		502
TPDI Credit Facilities due March 2015		—		—		—		403		—		403
4.95% Senior Notes due November 2015 (a)		1,115		—		1,115		1,118		—		1,118
Callable Bonds due February 2016		—		—		—		282		—		282
5.05% Senior Notes due December 2016 (a)		999		—		999		999		—		999
2.5% Senior Notes due October 2017 (a)		748		—		748		748		—		748
ADDCL Credit Facilities due December 2017		—		178		178		—		191		191
Eksportfinans Loans due January 2018		661		—		661		797		—		797
6.00% Senior Notes due March 2018 (a)		998		—		998		998		—		998
7.375% Senior Notes due April 2018 (a)		247		—		247		247		—		247
6.50% Senior Notes due November 2020 (a)		900		—		900		899		—		899
6.375% Senior Notes due December 2021 (a)		1,199		—		1,199		1,199		—		1,199
3.8% Senior Notes due October 2022 (a)		745		—		745		745		—		745
7.45% Notes due April 2027 (a)		97		—		97		97		—		97
8% Debentures due April 2027 (a)		57		—		57		57		—		57
7% Notes due June 2028		311		—		311		311		—		311
Capital lease contract due August 2029		647		—		647		657		—		657
7.5% Notes due April 2031 (a)		598		—		598		598		—		598
1.50% Series C Convertible Senior Notes due December 2037 (a)		—		—		—		62		—		62
6.80% Senior Notes due March 2038 (a)		999		—		999		999		—		999
7.35% Senior Notes due December 2041 (a)		300		—		300		300		—		300
Total debt		10,621		178		10,799		12,268		191		12,459
Less debt due within one year
5% Notes due February 2013		—		—		—		250		—		250
5.25% Senior Notes due March 2013 (a)		—		—		—		502		—		502
TPDI Credit Facilities due March 2015		—		—		—		70		—		70
Callable Bonds due February 2016		—		—		—		282		—		282
ADDCL Credit Facilities due December 2017		—		30		30		—		28		28
Eksportfinans Loans due January 2018		140		—		140		153		—		153
Capital lease contract due August 2029		21		—		21		20		—		20
1.50% Series C Convertible Senior Notes due December 2037 (a)		—		—		—		62		—		62
Total debt due within one year		161		30		191		1,339		28		1,367
Total long-term debt	$	10,460	$	148	$	10,608	$	10,929	$	163	$	11,092

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(a)

Transocean Inc., a 100 percent owned subsidiary of Transocean Ltd., is the issuer of certain notes and debentures, which have been guaranteed by Transocean Ltd. Transocean Ltd. has also guaranteed borrowings under the Five-Year Revolving Credit Facility and the Three-Year Secured Revolving Credit Facility. Transocean Ltd. and Transocean Inc. are not subject to any significant restrictions on their ability to obtain funds from their consolidated subsidiaries by dividends, loans or return of capital distributions. See Note 17—Condensed Consolidating Financial Information.