Supplementary cash flow information

6 Months Ended

Jun. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Note 26 – Supplementary cash flow information

The table below summarizes the non-cash investing and financing activities relating to the periods presented:


	Six Months Ended June 30,
(In $ millions)	2018		2017
*Non-cash investing activities*
Sale of rigs and equipment ⁽¹⁾		—		74
*Non-cash financing activities*
Repayment of debt following sale of rigs and equipment ⁽¹⁾		—		(74	)
Dividend to non-controlling interests in VIEs ⁽²⁾		—		(14	)

⁽¹⁾

During the period ended June 30, 2017, we completed the sale of the West Triton and West Resolute to Shelf Drilling, receiving cash consideration of $76 million. This comprised sales value of $150 million, offset by $74 million of principal debt repayments paid on behalf of us by Shelf Drilling.

⁽²⁾	During the period ended June 30, 2017 the Ship Finance VIEs that we consolidate declared dividends payable totaling $14 million to Ship Finance. Refer to Note 23 “Variable Interest Entities” for more details.