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Other liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

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

Schedule of gross carrying amounts and accumulated amortization of intangible liabilities

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)

Schedule of expected amortization of unfavorable contracts

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

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Schedule Of Unfavorable Contracts, Future Amortization Expense

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Schedule of Finite-Lived Intangible Liabilities [Table Text Block]

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Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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