XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.20.4

Other liabilities | 12 Months Ended
--- | ---
Dec. 31, 2020
Payables and Accruals [Abstract] |
Other liabilities | Other liabilities As at December 31, 2020 and December 31, 2019, other liabilities included the following:
(In $ millions) | December 31, 2020 |  | December 31, 2019
Taxes payable | 29 |  |  | 33 |
Contract liabilities | 31 |  |  | 29 |
Unfavorable drilling contracts | 7 |  |  | 8 |
Employee withheld taxes, social security and vacation payments | 47 |  |  | 51 |
Accrued interest expense | 38 |  |  | 40 |
Accrued expenses | 110 |  |  | 137 |
Lease liabilities | 68 |  |  | 36 |
Uncertain tax positions | 79 |  |  | 83 |
Other liabilities | 27 |  |  | 33 |
Total Other Liabilities | 436 |  |  | 450 |
Other liabilities are presented in our Consolidated Balance Sheet as follows:
(In $ millions) | December 31, 2020 |  | December 31, 2019
Other current liabilities | 316 |  |  | 322 |
Other non-current liabilities | 120 |  |  | 128 |
Total Other Liabilities | 436 |  |  | 450 |
Unfavorable contracts The gross carrying amounts and accumulated amortization included in 'Other current liabilities' and 'Other non-current liabilities' for unfavorable contracts in the Consolidated Balance Sheets as follows:
|  | December 31, 2020 |  | December 31, 2019
(In $ millions) |  | Gross Carrying Amount | Accumulated amortization | Net carrying amount |  | Gross Carrying Amount | Accumulated amortization | Net carrying amount
Unfavorable contracts |  |  |  |  |  |  |  |
Balance at beginning of period |  | (66) |  | 58 |  | (8) |  |  | (66) |  | 39 |  | (27) |
Amortization of unfavorable contracts |  | — |  | 1 |  | 1 |  |  | — |  | 19 |  | 19 |
Balance at end of period |  | (66) |  | 59 |  | (7) |  |  | (66) |  | 58 |  | (8) |
The amortization is recognized in the Consolidated Statement of Operations under "Amortization of intangibles". The weighted average remaining amortization period for the unfavorable contracts is 6 years, 9 months. The table below shows the amounts relating to unfavorable contracts that is expected to be amortized over the following periods:
(In $ millions) | Period ended December 31,
| 2021 | 2022 | 2023 | 2024 | 2025 and thereafter | Total
Amortization of unfavorable contracts | 1 | 1 | 1 | 1 | 3 | 7

X
- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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