XML 67 R50.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Quarterly Results (Unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Quarterly Results (Unaudited) |
Schedule of Quarterly Financial Data (Unaudited) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended |
​ |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
​ | ​ | (In millions, except per share data) |
2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating revenues |  | $ | 754 | ​ | $ | 758 | ​ | $ | 784 | ​ | $ | 792 | ​
Operating loss (a) | ​ | ​ | (13) | ​ | ​ | (27) | ​ | ​ | (607) | ​ | ​ | (74) | ​
Net loss (a) | ​ | ​ | (171) | ​ | ​ | (206) | ​ | ​ | (825) | ​ | ​ | (55) | ​
Net loss attributable to controlling interest (a) | ​ | ​ | (171) | ​ | ​ | (208) | ​ | ​ | (825) | ​ | ​ | (51) | ​
Per share loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic |  | $ | (0.28) | ​ | $ | (0.34) | ​ | $ | (1.35) | ​ | $ | (0.08) | ​
Diluted |  | $ | (0.28) | ​ | $ | (0.34) | ​ | $ | (1.35) | ​ | $ | (0.08) | ​
Weighted-average shares outstanding | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | 611 | ​ | ​ | 612 | ​ | ​ | 613 | ​ | ​ | 613 | ​
Diluted | ​ | ​ | 611 | ​ | ​ | 612 | ​ | ​ | 613 | ​ | ​ | 613 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2018 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating revenues |  | $ | 664 | ​ | $ | 790 | ​ | $ | 816 | ​ | $ | 748 | ​
Operating loss (b) | ​ | ​ | (4) | ​ | ​ | (917) | ​ | ​ | (305) | ​ | ​ | (25) | ​
Net loss (b) | ​ | ​ | (212) | ​ | ​ | (1,139) | ​ | ​ | (409) | ​ | ​ | (243) | ​
Net loss attributable to controlling interest (b) | ​ | ​ | (210) | ​ | ​ | (1,135) | ​ | ​ | (409) | ​ | ​ | (242) | ​
Per share loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic |  | $ | (0.48) | ​ | $ | (2.46) | ​ | $ | (0.88) | ​ | $ | (0.48) | ​
Diluted |  | $ | (0.48) | ​ | $ | (2.46) | ​ | $ | (0.88) | ​ | $ | (0.48) | ​
Weighted-average shares outstanding | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | 438 | ​ | ​ | 462 | ​ | ​ | 463 | ​ | ​ | 506 | ​
Diluted | ​ | ​ | 438 | ​ | ​ | 462 | ​ | ​ | 463 | ​ | ​ | 506 | ​
(a) | Third quarter included an aggregate loss of $583 million, primarily associated with the impairment of certain drilling units and other equipment classified as assets held for sale and $26 million associated with the impairment of certain right-of-use assets and leasehold improvements related to our leases. First quarter, second quarter, third quarter and fourth quarter included an aggregate loss of $41 million associated with the retirement of debt. First quarter and second quarter included a bargain purchase gain of $11 million associated with the Ocean Rig acquisition. Fourth quarter included a gain of $132 million associated with the termination of construction contracts for two ultra-deepwater drillships.
(b) | First quarter, third quarter and fourth quarter included an aggregate loss of $24 million associated with Songa and Ocean Rig acquisition costs. Fourth quarter included a bargain purchase gain of $10 million associated with the Ocean Rig acquisition. Second quarter included a loss of $462 million associated with the impairment of our goodwill. Second quarter, third quarter and fourth quarter included an aggregate loss of $999 million associated with the impairment of certain drilling units classified as assets held for sale.

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

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration