XML 11 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 809 $ 1,255
Restricted cash 409 104
Marketable securities 121 124
Accounts receivable, net 272 295
Short-term amounts due from related parties 181 217
Other current assets 247 257
Total current assets 2,039 2,252
Non-current assets    
Investment in associated companies 1,615 1,473
Newbuildings 249 248
Drilling units 12,531 13,216
Deferred tax assets 8 10
Equipment 35 29
Long-term amounts due from related parties 565 547
Assets held for sale   126
Other non-current assets 3 81
Total non-current assets 15,006 15,730
Total assets 17,045 17,982
Current liabilities    
Debt due within one year 90 509
Trade accounts payable 96 72
Short-term amounts due to related parties 4 10
Other current liabilities 229 268
Total current liabilities 419 859
Liabilities subject to compromise 9,050 9,191
Non-current liabilities    
Long-term debt 856 485
Long-term debt due to related parties 294 314
Deferred tax liabilities 105 107
Other non-current liabilities 57 67
Total non-current liabilities 1,312 973
Commitments and contingencies (see Note 25)
Redeemable non-controlling interest 25  
Equity    
Common shares of par value US$2.00 per share: 800,000,000 shares authorized 504,518,940 outstanding at June 30, 2018 (December 31, 2017, 504,518,940) 1,008 1,008
Additional paid in capital 3,316 3,313
Contributed surplus 1,956 1,956
Accumulated other comprehensive income 41 58
Retained (loss) earnings (146) 225
Total shareholders' equity 6,175 6,560
Non-controlling interest 64 399
Total equity 6,239 6,959
Total liabilities, redeemable non-controlling interest and equity $ 17,045 $ 17,982