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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 428 $ 526
Restricted cash 147 132
Accounts receivable, net 122 125
Amounts due from related parties, net 50 85
Other current assets 200 194
Total current assets 947 1,062
Non-current assets    
Investments in associated companies 248 248
Drilling units 1,927 2,120
Restricted cash 69 65
Deferred tax assets 8 9
Equipment 16 19
Amounts due from related parties, net 410 392
Other non-current assets 32 46
Total non-current assets 2,710 2,899
Total assets 3,657 3,961
Current liabilities    
Debt due within one year 546 6,177
Trade accounts payable 57 45
Amounts due to related parties - current 0 7
Other current liabilities 275 316
Total current liabilities 878 6,545
Liabilities subject to compromise 6,406  
Non-current liabilities    
Long-term debt due to related parties 0 426
Deferred tax liabilities 8 10
Other non-current liabilities 105 120
Total non-current liabilities 113 556
Commitment and contingencies (See note 29)
Equity    
Common shares of par value US$0.10 per share: US$0.10 per share: 138,880,000 shares authorized and 100,384,435 issued at June 30, 2021 and December 31, 2020 10 10
Additional paid-in capital 3,504 3,504
Accumulated other comprehensive loss (21) (26)
Retained loss (7,233) (6,628)
Total shareholders’ equity (3,740) (3,140)
Non-controlling interest 0 0
Total deficit (3,740) (3,140)
Total liabilities and equity $ 3,657 $ 3,961