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Other Assets (Tables)
 6 Months Ended
Jun. 30, 2021
Other Assets [Abstract]  
Schedule of other assets
As at June 30, 2021 and December 31, 2020, other assets included the following:
(In $ millions)As at June 30, 2021As at December 31, 2020
Prepaid Expenses (1)
67 67 
Right of use asset (2)
39 57 
Taxes receivable34 32 
Reimbursable amounts due from customers (3)
18 11 
Deferred contract costs15 14 
Marketable Securities (4)
13 8 
Favorable drilling and management services contracts10 10 
Insurance receivable6 4 
Other assets (5)
30 37 
Total other assets232 240 
(1)Includes retainers paid, but not yet utilized, for legal and advisory fees relating to the Chapter 11 process.
(2)Refer to Note 22 - "Leases" for further information.
(3)Includes related party balances, net of expected credit loss allowance from Northern Ocean. For further information refer to Note 28 – "Related party transactions".
(4)Refer to Note 14 - "Marketable securities" for further information.
(5)Includes $15 million D&O insurance relating to tail back claims in the Chapter 11 process.
Other assets were presented in our Consolidated Balance Sheet as follows:
(In $ millions)As at June 30, 2021As at December 31, 2020
Other current assets200 194 
Other non-current assets32 46 
Total other assets232 240