v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Other Intangible Assets  
Schedule of gross carrying amounts of goodwill and accumulated impairment

The gross carrying amounts of goodwill and accumulated impairment associated with our contract drilling services reporting unit were as follows (in millions):

 

 

 

Year ended December 31, 2013

 

Year ended December 31, 2012

 

 

 

Gross
carrying
amount

 

Accumulated
impairment

 

Net
carrying
amount

 

Gross
carrying
amount

 

Accumulated
impairment

 

Net
carrying
amount

 

Balance, beginning of period

 

$

10,799

 

$

(7,812

)

$

2,987

 

$

10,911

 

$

(7,694

)

$

3,217

 

Impairment associated with continuing operations

 

 

 

 

 

(118

)

(118

)

Reclassified balance associated with discontinued operations (a)

 

 

 

 

(112

)

 

(112

)

Balance, end of period

 

$

10,799

 

$

(7,812

)

$

2,987

 

$

10,799

 

$

(7,812

)

$

2,987

 

 

(a)         As a result of our decision to discontinue operations associated with the standard jackups and swamp barge asset groups, components of our contract drilling services operating segment, we allocated $112 million of goodwill attributable to such operations, which was subsequently impaired.  See Note 7—Discontinued Operations.

Schedule of carrying amounts of definite-lived intangible asset and intangible liabilities and accumulated amortization and impairment

The gross carrying amounts of our drilling contract intangibles and drilling management customer relationships, both of which we consider to be definite-lived intangible assets and intangible liabilities, and accumulated amortization and impairment were as follows (in millions):

 

 

 

Year ended December 31, 2013

 

Year ended December 31, 2012

 

 

 

Gross
carrying
amount

 

Accumulated
amortization
and impairment

 

Net
carrying
amount

 

Gross
carrying
amount

 

Accumulated
amortization
and impairment

 

Net
carrying
amount

 

Drilling contract intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

9

 

(9

)

 

$

191

 

$

(191

)

$

 

Amortization

 

 

 

 

 

 

 

Reclassified balance associated with discontinued operations (a)

 

 

 

 

(182

)

182

 

 

Balance, end of period

 

9

 

(9

)

 

9

 

(9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

60

 

(60

)

 

148

 

(94

)

54

 

Amortization

 

 

 

 

 

(1

)

(1

)

Impairment associated with continuing operations

 

 

 

 

 

(22

)

(22

)

Reclassified balance associated with discontinued operations (b)

 

 

 

 

(88

)

57

 

(31

)

Balance, end of period

 

60

 

(60

)

 

60

 

(60

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total definite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

69

 

(69

)

 

339

 

(285

)

54

 

Amortization

 

 

 

 

 

(1

)

(1

)

Impairment associated with continuing operations

 

 

 

 

 

(22

)

(22

)

Reclassified balance associated with discontinued operations (b)

 

 

 

 

(270

)

239

 

(31

)

Balance, end of period

 

$

69

 

(69

)

 

$

69

 

$

(69

)

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drilling contract intangible liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

1,410

 

$

(1,351

)

$

59

 

$

1,494

 

$

(1,393

)

$

101

 

Amortization

 

 

(15

)

(15

)

 

(42

)

(42

)

Reclassified balance associated with discontinued operations (a)

 

 

 

 

(84

)

84

 

 

Balance, end of period

 

$

1,410

 

$

(1,366

)

$

44

 

$

1,410

 

$

(1,351

)

$

59

 

 

(a)         As a result of our decision to discontinue operations associated with the standard jackup and swamp barge asset groups, we reclassified the balances attributable to such operations.  See Note 7—Discontinued Operations.

(b)        As a result of our decision to discontinue the U.S. operations of our drilling management services operating segment, we reclassified the balances attributable to such operations.  See Note 7—Discontinued Operations.

Schedule of estimated future amortization of drilling contract intangible liabilities

At December 31, 2013, the estimated future amortization of our drilling contract intangible liabilities was as follows (in millions):

 

 

 

Drilling
contract
intangible
liabilities

 

Years ending December 31,

 

 

 

 

2014

 

$

15

 

2015

 

15

 

2016

 

14

 

Total intangible liabilities

 

$

44