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Debt (Tables)

3 Months Ended

Mar. 31, 2015

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):

		March 31, 2015			December 31, 2014
4.95% Senior Notes due November 2015 (a)		$	896		$	898
5.05% Senior Notes due December 2016 (a)		1,000			999
2.5% Senior Notes due October 2017 (a)		749			748
Eksportfinans Loans due January 2018		288			369
6.00% Senior Notes due March 2018 (a)		1,004			1,001
7.375% Senior Notes due April 2018 (a)		247			247
6.50% Senior Notes due November 2020 (a)		921			911
6.375% Senior Notes due December 2021 (a)		1,199			1,199
3.8% Senior Notes due October 2022 (a)		746			745
7.45% Notes due April 2027 (a)		97			97
8% Debentures due April 2027 (a)		57			57
7% Notes due June 2028		309			309
Capital lease contract due August 2029		609			615
7.5% Notes due April 2031 (a)		599			598
6.80% Senior Notes due March 2038 (a)		999			999
7.35% Senior Notes due December 2041 (a)		300			300
Total debt		10,020			10,092
Less debt due within one year
4.95% Senior Notes due November 2015 (a)		896			898
Eksportfinans Loans due January 2018		106			114
Capital lease contract due August 2029		22			21
Total debt due within one year		1,024			1,033
Total long-term debt		$	8,996		$	9,059

(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.  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.

Scheduled maturities of debt

At March 31, 2015, the scheduled maturities of our debt were as follows (in millions):

Twelve months ending March 31,
2016		$	1,022
2017		1,131
2018		1,858
2019		277
2020		33
Thereafter		5,675
Total debt, excluding unamortized discounts, premiums and fair value adjustments		9,996
Total unamortized discounts, premiums and fair value adjustments, net		24
Total debt		$	10,020

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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.

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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

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