XML 44 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1

Segment information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Results

Segment results are evaluated on the basis of operating income, and the information given below is based on information used for internal management reporting.

Total operating revenue

(In $ millions)		Six Months Ended June 30,
		2018				2017
Floaters			482				744
Jack-ups			193				360
Other			37				42
Total operating revenue			712				1,146

Depreciation and amortization

(In $ millions)		Six Months Ended June 30,
		2018				2017
Floaters			298				301
Jack-ups			93				105
Total			391				406

Operating loss - Net loss

(In $ millions)		Six Months Ended June 30,
		2018				2017
Floaters			(446	)			95
Jack-ups			(167	)			(115	)
Other			—				3
Operating loss			(613	)			(17	)
Unallocated items:
Total financial items and other			14				(96	)
Income taxes			(36	)			12
Net loss			(635	)			(101	)

Drilling units and Newbuildings - Total assets

(In $ millions)		June 30, 2018				December 31, 2017
Floaters			9,411				9,956
Jack-ups			3,369				3,508
Total drilling units and newbuildings			12,780				13,464
Unallocated items:
Assets held for sale			—				126
Investments in associated companies			1,615				1,473
Marketable securities			121				124
Cash and restricted cash			1,218				1,359
Other assets			1,311				1,436
Total assets			17,045				17,982

Drilling units and Newbuildings - Capital expenditures

(In $ millions)		Six Months Ended June 30,
		2018				2017
Floaters			93				54
Jack-ups			24				12
Total			117				66

Summary of Geographic Segment Data

The following information presents our revenues and fixed assets by geographic area:

Revenues

(In US$ millions)		Six Months Ended June 30,
		2018				2017
Brazil			188				197
Nigeria			105				110
Angola			100				249
Norway			82				115
Saudi Arabia			79				80
United States			30				187
Others (1)			128				208
Total			712				1,146

⁽¹⁾  Other countries represent countries in which we operate that individually had revenues representing less than 10% of total revenues earned for any of the periods presented.

Summary of Major Customers

We had the following customers with contract revenues greater than 10% in any of the periods presented:

(In US$ millions)		Six Months Ended June 30,
		2018				2017
Petroleo Brasileiro S.A (“Petrobras”)			27	%			17	%
Total S.A Group (“Total”)			20	%			22	%
Saudi Aramco			12	%			8	%
Exxon Mobil Corp (“Exxon”)			11	%			7	%
LLOG			5	%			18	%

Summary of Geographic Segment Data

Fixed assets – drilling units ⁽¹⁾

(In US$ millions)		As at June 30, 2018				As at December 31, 2017
Brazil			2,405				1,816
Norway			2,331				2,258
Malaysia			1,445				1,809
Spain			1,344				2,016
United States			1,239				1,266
Other (2)			3,767				4,051
Total			12,531				13,216

⁽¹⁾  The fixed assets referred to in the table above exclude assets under construction. The countries in this table represent the location of the drilling unit at the end of the reporting period and are not necessarily indicative of the geographic distribution of the revenues or operating profits generated by the assets during the period. In most cases these locations are different to the country in which the Company that owns the drilling unit is registered.

⁽²⁾  “Other countries” represent countries in which we operate that individually had fixed assets representing less than 10% of total fixed assets for any of the periods presented.

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph b
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration