v2.4.0.8
Discontinued Operations (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Jun. 30, 2012
Customer relationships
Jun. 30, 2012
Trade name intangible asset
Jun. 30, 2013
Sell of Standard Jackup and swamp barge market sectors
Dec. 31, 2012
Sell of Standard Jackup and swamp barge market sectors
Jun. 30, 2013
Shelf Drilling Holdings, Ltd
Nov. 30, 2012
Shelf Drilling Holdings, Ltd
Jun. 30, 2013
Shelf Drilling Holdings, Ltd
Jun. 30, 2013
Shelf Drilling Holdings, Ltd
Jun. 30, 2013
Shelf Drilling Holdings, Ltd
drillingunit
Dec. 31, 2012
Shelf Drilling Holdings, Ltd
Nov. 30, 2012
Shelf Drilling Holdings, Ltd
drillingunit
Jun. 30, 2013
Shelf Drilling Holdings, Ltd
Minimum
Jun. 30, 2013
Shelf Drilling Holdings, Ltd
Maximum
Jun. 30, 2013
Standard Jackups D.R. Stewart, Interocean III and GSF Adriatic VIII and related equipment
Jun. 30, 2013
Standard Jackups D.R. Stewart, Interocean III and GSF Adriatic VIII and related equipment
Jun. 30, 2012
Challenger Minerals
Apr. 30, 2012
Challenger Minerals Inc.
May 31, 2012
Challenger Minerals (North Sea)
Jun. 30, 2012
Challenger Minerals (North Sea)
Jun. 30, 2012
Challenger Minerals (North Sea)
Jun. 30, 2012
GSF Adriatic II and GSF Rig 136
Jun. 30, 2012
GSF Adriatic II and GSF Rig 136
Jun. 30, 2012
Standard Jackups, GSF Adriatic II, GSF Rig 136, Roger W. Mowell, Transocean Nordic and Transocean Shelf Explorer
Jun. 30, 2012
Standard Jackups, GSF Adriatic II, GSF Rig 136, Roger W. Mowell, Transocean Nordic and Transocean Shelf Explorer
Summarized results of discontinued operations                                                          
Operating revenues $ 229 $ 248 $ 469 $ 478                                                  
Operating and maintenance expense (233) (255) (482) (478)                                                  
Depreciation and amortization expense   (65)   (135)                                                  
Loss on impairment of assets in discontinued operations, net   (12)   (105)                                 (4)         (12) (29)    
Gain on disposal of assets in discontinued operations, net 3 72 18 71                                       10 10        
Income (loss) from discontinued operations before income tax expense (1) (12) 5 (169)                                                  
Income tax benefit (expense) (9) 12 (15) 33                                                  
Income (loss) from discontinued operations, net of tax (10)   (10) (136)                                                  
Assets                                                          
Rigs and related equipment, net 59   59   104                                                
Materials and supplies, net 68   68   71     4 8                                        
Other related assets 7   7   4                                                
Assets held for sale 134   134   179                                                
Liabilities                                                          
Deferred revenue 57   57   32                                                
Other liabilities         3                                                
Other current liabilities 57   57   35                                                
Summarized results of Discontinued Operations                                                          
Aggregate carrying amounts of assets associated with disposal group               63 112         64 63                            
Impairment loss per diluted share from discontinued operations, net of tax                                         $ 0.01         $ 0.03 $ 0.08    
Long live assets impairment loss, tax effect                                       0           0 0 0 0
Number of Drilling Units Sold                               38                          
Period for which Standard Jackups are agreed to be operated under operating agreements                                 9 months 27 months                      
Number of Standard Jackups (in drilling units)                           24                              
Expected transition services offering period                                   18 months                      
Term of letters of credit                                   3 years                      
Maximum financial support                           125                              
Letters of credit issued under committed and uncommitted credit lines                           102 113 113                          
Maximum additional financial support, excluding parent guarantees                           65                              
Proceeds from disposal of assets, net 3 1 4 8             568                 63               145 179
Non-cash proceeds from sale of assets                     196                                    
Proceeds from disposal of discontinued operations non-cash estimated fair value                     194                                    
Cash proceeds received from the sale of preference shares 185   185             185                                      
Recognized loss on sale of preference shares                       10 10                                
Recognized loss on sale of preference shares per diluted share (in dollars per share)                       $ 0.03 $ 0.03                                
Aggregate gain (loss) on disposal of assets, net (2) (7) (9) (10)                               15               64 64
Aggregate gains on sale of assets per diluted share                                       $ 0.04               $ 0.18 $ 0.18
Aggregate gain (loss) on disposal of assets, tax effect                                       0               0 0
Recognized aggregate net gains (losses) on disposal of unrelated assets                                     3 3               (2) (3)
Impairment loss on indefinite-lived intangible asset           31 39                                            
Loss on impairment of assets held for sale net of tax           20 25                                            
Loss on impairment of assets per diluted share           $ 0.06 $ 0.07                                            
Loss on impairment of assets held for sale                                         6                
Proceeds from disposal of discontinued operations, net   $ 160 $ 63 $ 194                                   $ 7 $ 10