v2.4.0.8

Debt (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt |
Debt, net of unamortized discounts, premiums and fair value adjustments | Debt, net of unamortized discounts, premiums and fair value adjustments, was comprised of the following (in millions):
|  | December 31, 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) |  | 1,113 |  | — |  | 1,113 |  | 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 |  | — |  | 163 |  | 163 |  | — |  | 191 |  | 191 |
Eksportfinans Loans due January 2018 |  | 591 |  | — |  | 591 |  | 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 |  | 637 |  | — |  | 637 |  | 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 |  | 10,539 |  | 163 |  | 10,702 |  | 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 |  | — |  | 163 |  | 163 |  | — |  | 28 |  | 28 |
Eksportfinans Loans due January 2018 |  | 140 |  | — |  | 140 |  | 153 |  | — |  | 153 |
Capital lease contract due August 2029 |  | 20 |  | — |  | 20 |  | 20 |  | — |  | 20 |
1.50% Series C Convertible Senior Notes due December 2037 (a) |  | — |  | — |  | — |  | 62 |  | — |  | 62 |
Total debt due within one year |  | 160 |  | 163 |  | 323 |  | 1,339 |  | 28 |  | 1,367 |
Total long-term debt |  | $ | 10,379 |  | $ | — |  | $ | 10,379 |  | $ | 10,929 |  | $ | 163 |  | $ | 11,092 |
(a) Transocean Inc., a 100 percent owned subsidiary of Transocean Ltd., is the issuer of the 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 24—Condensed Consolidating Financial Information.
Scheduled maturities of debt | At December 31, 2013, the scheduled maturities of our debt were as follows (in millions):
|  | Transocean Ltd. and subsidiaries |  | Consolidated variable interest entities |  | Consolidated total |
Years ending December 31, |  |  |  |  |  |  |
2014 |  | $ | 160 |  | $ | 163 |  | $ | 323 |
2015 |  | 1,263 |  | — |  | 1,263 |
2016 |  | 1,165 |  | — |  | 1,165 |
2017 |  | 917 |  | — |  | 917 |
2018 |  | 1,311 |  | — |  | 1,311 |
Thereafter |  | 5,719 |  | — |  | 5,719 |
Total debt, excluding unamortized discounts, premiums and fair value adjustments |  | 10,535 |  | 163 |  | 10,698 |
Total unamortized discounts, premiums and fair value adjustments, net |  | 4 |  | — |  | 4 |
Total debt |  | $ | 10,539 |  | $ | 163 |  | $ | 10,702 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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