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Debt (Tables) | 9 Months Ended
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Sep. 30, 2016
Debt |
Debt, net of unamortized discounts, premiums and fair value adjustments | Debt, net of debt‑related balances, including unamortized discounts, premiums, issue costs and fair value adjustments, was comprised of the following (in millions):
|  | September 30, |  | December 31, |
|  | 2016 |  | 2015 |
5.05% Senior Notes due December 2016 (a) |  | $ | 938 |  | $ | 973 |
2.5% Senior Notes due October 2017 (a) |  |  | 504 |  |  | 568 |
Eksportfinans Loans due January 2018 |  |  | 133 |  |  | 216 |
6.00% Senior Notes due March 2018 (a) |  |  | 759 |  |  | 789 |
7.375% Senior Notes due April 2018 (a) |  |  | 211 |  |  | 236 |
6.50% Senior Notes due November 2020 (a) |  |  | 525 |  |  | 911 |
6.375% Senior Notes due December 2021 (a) |  |  | 551 |  |  | 1,143 |
3.8% Senior Notes due October 2022 (a) |  |  | 534 |  |  | 726 |
9.00% Senior Notes due July 2023 (b) |  |  | 1,210 |  |  | — |
7.45% Notes due April 2027 (a) |  |  | 85 |  |  | 94 |
8% Debentures due April 2027 (a) |  |  | 57 |  |  | 57 |
7% Notes due June 2028 |  |  | 308 |  |  | 309 |
Capital lease contract due August 2029 |  |  | 572 |  |  | 591 |
7.5% Notes due April 2031 (a) |  |  | 585 |  |  | 589 |
6.80% Senior Notes due March 2038 (a) |  |  | 991 |  |  | 991 |
7.35% Senior Notes due December 2041 (a) |  |  | 297 |  |  | 297 |
Total debt |  |  | 8,260 |  |  | 8,490 |
Less debt due within one year |  |  |  |  |  |  |
5.05% Senior Notes due December 2016 (a) |  |  | 938 |  |  | 973 |
Eksportfinans Loans due January 2018 |  |  | 106 |  |  | 97 |
Capital lease contract due August 2029 |  |  | 25 |  |  | 23 |
Total debt due within one year |  |  | 1,069 |  |  | 1,093 |
Total long-term debt |  | $ | 7,191 |  | $ | 7,397 |
| (a) |  | Transocean Inc., a 100 percent owned subsidiary of Transocean Ltd., is the issuer of the notes and debentures. Transocean Ltd. has provided a full and unconditional guarantee of the notes and debentures and borrowings under the Five‑Year Revolving Credit Facility. Transocean Ltd. has no independent assets or operations, and following the completion of certain restructuring transactions during the nine months ended September 30, 2016, its only other subsidiary not owned indirectly through Transocean Inc. was minor. Transocean Inc. has no independent assets and operations, other than those related to its investments in non‑guarantor operating companies and balances primarily pertaining to its cash and cash equivalents and debt. 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 15—Subsequent Events.
| (b) |  | Transocean Inc. is the issuer of the unregistered notes. Transocean Ltd. and certain wholly owned subsidiaries of Transocean Inc. (the “Subsidiary Guarantors”) have provided a full and unconditional guarantee of the notes. Such notes rank equal in right of payment to all of our existing and future unsecured unsubordinated obligations and rank structurally senior to the extent of the value of the assets of the Subsidiary Guarantors.

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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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