XML 37 R29.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Operating Segments, Geographic Analysis and Major Customers | 12 Months Ended
--- | ---
Dec. 31, 2019
Operating Segments, Geographic Analysis and Major Customers |
Operating Segments, Geographic Analysis and Major Customers | Note 22—Operating Segments, Geographic Analysis and Major Customers Operating segments—We operate in a single, global market for the provision of contract drilling services to our customers. The location of our rigs and the allocation of our resources to build or upgrade rigs are determined by the activities and needs of our customers. Geographic analysis—Operating revenues, presented by country in which they were earned, were as follows (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31, |
​ |  | 2019 |  | 2018 |  | 2017 |
Operating revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. |  | $ | 1,264 | ​ | $ | 1,496 | ​ | $ | 1,527 | ​
Norway | ​ | ​ | 775 | ​ | ​ | 651 | ​ | ​ | 83 | ​
Brazil | ​ | ​ | 125 | ​ | ​ | 110 | ​ | ​ | 335 | ​
Other countries (a) | ​ | ​ | 924 | ​ | ​ | 761 | ​ | ​ | 1,028 | ​
Total operating revenues |  | $ | 3,088 | ​ | $ | 3,018 | ​ | $ | 2,973 | ​
| (a) | Other countries represents the aggregate value for countries in which we operate that individually had operating revenues representing less than 10 percent of consolidated operating revenues earned. |
Long-lived assets, presented by country in which they were located, were as follows (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ |  | 2019 (a) |  | 2018 |
Long-lived assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. |  | $ | 6,259 | ​ | $ | 6,257 | ​
Norway | ​ | ​ | 3,203 | ​ | ​ | 3,260 | ​
Greece | ​ | ​ | 2,760 | ​ | ​ | 1,103 | ​
Other countries (b) | ​ | ​ | 7,194 | ​ | ​ | 9,788 | ​
Total long-lived assets |  | $ | 19,416 | ​ | $ | 20,408 | ​
| (a) | The aggregate carrying amount includes the combined total of our property and equipment and our right-of-use assets. |
| (b) | Other countries represents the aggregate value for countries in which we operate that individually had long-lived assets representing less than 10 percent of consolidated long-lived assets. |
Since the majority of our assets are mobile, the geographic locations of such assets at the end of the periods are not necessarily indicative of the geographic distribution of the operating revenues generated by such assets during the periods presented. Our international operations are subject to certain political and other uncertainties, including risks of war and civil disturbances or other market disrupting events, expropriation of equipment, repatriation of income or capital, taxation policies, and the general hazards associated with certain areas in which we operate. Although we are organized under the laws of Switzerland, we have minimal assets in Switzerland, and we do not conduct any operations or have operating revenues in Switzerland. Major customers—For the year ended December 31, 2019, Royal Dutch Shell plc (together with its affiliates, “Shell”), Equinor ASA (together with its affiliates, “Equinor”) and Chevron Corporation (together with its affiliates, “Chevron”) accounted for approximately 26 percent, 21 percent and 17 percent, respectively, of our consolidated operating revenues. For the year ended December 31, 2018, Shell, Chevron and Equinor accounted for approximately 26 percent, 21 percent, and 18 percent, respectively, of our consolidated operating revenues. For the year ended December 31, 2017, Chevron, Shell and Petróleo Brasileiro S.A. accounted for approximately 29 percent, 17 percent and 14 percent, respectively, of our consolidated operating revenues.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration