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Debt (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Debt

(In $ millions)		As at June 30, 2018				As at December 31, 2017
Credit facilities:
$2,000 facility (North Atlantic Drilling) (1)			880				897
$400 facility (1)			130				133
$440 facility (1)			60				62
$1,450 facility (1)			311				318
$360 facility (Asia Offshore Drilling)			210				210
$300 facility (1)			140				142
$1,750 facility (Sevan Drilling) (1)			835				856
$450 facility (1)			255				261
$1,500 facility (1)			1,095				1,112
$1,350 facility (1)			913				931
$950 facility (1)			549				558
$450 facility (2015) (1)			98				101
Total credit facilities			5,476				5,581
Loans contained within VIEs:
$375 facility			237				251
$390 facility			215				226
$475 facility			285				309
Total loans contained within VIEs			737				786
Unsecured bonds:
NOK1,800 bond (2)			231				231
$1,000 bond (2)			843				843
$500 bond (2)			479				479
NOK1,500 bond (NADL) (2)			182				182
$ 600 bond (NADL) (2)			413				413
SEK 1,500 bond (2)			186				186
Total unsecured bonds			2,334				2,334
Total debt principal			8,547				8,701
Less: Debt balance held as subject to compromise			(7,600	)			(7,705	)
Total debt not subject to compromise			947				996
Less: current portion of debt principal			(91	)			(511	)
Long-term portion of debt principal			856				485

⁽¹⁾ Denotes impaired secured credit facilities that were reclassified to “Liabilities subject to compromise” on September 12, 2017

⁽²⁾ Denotes unsecured bonds that were reclassified to “Liabilities subject to compromise” on September 12, 2017

Schedule of Debt Issuance Costs Against Current and Long-Term Debt

Outstanding debt as at June 30, 2018
(In $ millions)		Principal outstanding				Less: Debt Issuance Costs				Total Debt
Debt due within one year			91				(1	)			90
Long-term debt			856				—				856
Debt held as subject to compromise			7,600				—				7,600
Total			8,547				(1	)			8,546

Outstanding debt as at December 31, 2017
(In $ millions)		Principal outstanding				Less: Debt Issuance Costs				Total Debt
Debt due within one year			511				(2	)			509
Long-term debt			485				—				485
Debt held as subject to compromise			7,705				—				7,705
Total			8,701				(2	)			8,699

Outstanding Debt

The outstanding debt as at June 30, 2018 is repayable as follows:

(In $ millions)		Year ended June 30,
2019			91
2020			57
2021			68
2022			70
2023			523
2024 and thereafter			138
Total debt principal			947

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