XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues        
Contract drilling revenues $ 705 $ 915 $ 1,443 $ 2,026
Other revenues 46 25 93 255
Total operating revenues 751 940 1,536 2,281
Costs and expenses        
Operating and maintenance 333 497 676 1,152
Depreciation 219 225 451 442
General and administrative 35 41 74 84
Total costs and expenses 587 763 1,201 1,678
Loss on impairment (113) (12) (113) (15)
Loss on disposal of assets, net (1,595) (2) (1,593) (1)
Operating income (loss) (1,544) 163 (1,371) 587
Other income (expense), net        
Interest income 7 4 13 10
Interest expense, net of amounts capitalized (129) (98) (256) (187)
Gain (loss) on retirement of debt (48) 38 (48) 38
Other, net (2) 3 1 2
Total other income (expense), net (172) (53) (290) (137)
Income (loss) from continuing operations before income tax expense (1,716) 110 (1,661) 450
Income tax expense (benefit) (37) 18 (77) 116
Income (loss) from continuing operations (1,679) 92 (1,584) 334
Income from discontinued operations, net of tax   1    
Net income (loss) (1,679) 93 (1,584) 334
Net income attributable to noncontrolling interest 11 11 15 17
Net income (loss) attributable to controlling interest $ (1,690) $ 82 $ (1,599) $ 317
Earnings (loss) per share-basic        
Earnings (loss) from continuing operations (in dollars per share) $ (4.32) $ 0.22 $ (4.09) $ 0.86
Earnings (loss) per share (in dollars per share) (4.32) 0.22 (4.09) 0.86
Earnings (loss) per share-diluted        
Earnings (loss) from continuing operations (in dollars per share) (4.32) 0.22 (4.09) 0.86
Earnings (loss) per share (in dollars per share) $ (4.32) $ 0.22 $ (4.09) $ 0.86
Weighted-average shares outstanding        
Basic (in shares) 391 365 391 365
Diluted (in shares) 391 365 391 365