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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating revenues    
Contract revenues $ 335 $ 392
Management contract revenues [1] 88 178
Total operating revenues 452 598
Operating expenses    
Management contract expenses [1] (115) (208)
Depreciation (83) (182)
Selling, general and administrative expenses (36) (37)
Total operating expenses (566) (748)
Other operating items    
Loss on impairment of long-lived assets (152) (1,230)
Gain on sale of assets 11 0
Other operating income [1] 3 8
Total other operating items (138) (1,222)
Operating loss (252) (1,372)
Financial and other non-operating items    
Interest income [1] 12 20
Interest expense (112) (200)
Loss on impairment of investments 0 (47)
Share in results from associated companies (net of tax) 2 (66)
Gain/(loss) on derivative financial instruments 5 (1)
Foreign exchange gain/(loss) 9 (24)
Impairment of convertible bond from related party [1] 0 (29)
Unrealized gain/(loss) on marketable securities 5 (6)
Other financial items [1] (33) (21)
Reorganization Items (230) 0
Total financial and other non-operating items, net (342) (374)
Loss before income taxes (594) (1,746)
Income tax expense (11) (2)
Net loss (605) (1,748)
Net loss attributable to the shareholder (605) (1,745)
Net loss attributable to the non-controlling interest 0 (2)
Net loss attributable to the redeemable non-controlling interest $ 0 $ (1)
Basic loss per share (in dollars per share) $ (6.03) $ (17.40)
Diluted loss per share (in dollars per share) $ (6.03) $ (17.40)
Reimbursable revenues/ expenses    
Operating revenues    
Revenues $ 17 $ 19
Operating expenses    
Expenses (16) (17)
Other revenues    
Operating revenues    
Revenues [1] 12 9
Vessel and rig    
Operating expenses    
Expenses $ (316) $ (304)
[1] Includes transactions with related parties. Refer to Note 28 – Related party transactions.