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Financial Instruments (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Aug. 04, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | --- | --- | --- | ---
Fair Value | Fair Value, Inputs, Level 1 |  |  |  |  |
Assets |  |  |  |  |
Cash and cash equivalents | $ 34.9 |  | $ 19.2 |  |
Restricted cash | 3.3 |  | 0.0 |  |
Trade receivables | 28.5 |  | 22.9 |  |
Tax retentions receivable | 1.9 |  | 10.5 |  |
Other current assets (excluding deferred costs) | 14.1 |  | 14.9 |  |
Due from related parties | 48.6 |  | 34.9 |  |
Non-current restricted cash | 7.8 |  | 0.0 |  |
Liabilities |  |  |  |  |
Trading payables | 34.7 |  | 20.4 |  |
Accruals expenses and other current liabilities | 83.2 |  | 75.6 |  |
Fair Value | Fair Value, Inputs, Level 2 |  |  |  |  |
Liabilities |  |  |  |  |
Long-term debt | 1,728.6 |  | 1,609.8 |  |
Fair Value | Fair Value, Inputs, Level 3 |  |  |  |  |
Liabilities |  |  |  |  |
Guarantees issued to equity method investments | 0.0 |  | 5.9 |  |
Fair Value | Fair Value, Inputs, Level 3 | Balder | Cold Stacked Rig |  |  |  |  |
Liabilities |  |  |  |  |
Jack-up drilling rigs |  |  | 4.5 |  |
Carrying Value |  |  |  |  |
Assets |  |  |  |  |
Cash and cash equivalents | 34.9 |  | 19.2 |  |
Restricted cash | 3.3 |  | 0.0 |  |
Trade receivables | 28.5 |  | 22.9 |  |
Tax retentions receivable | 1.9 |  | 10.5 |  |
Other current assets (excluding deferred costs) | 14.1 |  | 14.9 |  |
Due from related parties | 48.6 |  | 34.9 |  |
Non-current restricted cash | 7.8 |  | 0.0 |  |
Liabilities |  |  |  |  |
Trading payables | 34.7 |  | 20.4 |  |
Accruals expenses and other current liabilities | 83.2 |  | 75.6 |  |
Long-term debt | 1,915.9 |  | 1,906.2 |  |
Guarantees issued to equity method investments | 0.0 |  | 5.9 |  |
Restricted cash | 11.1 |  | 0.0 |  |
Non-current restricted cash | 7.8 |  | 0.0 | $ 0.0 | $ 0.0
Jack-up drilling rigs | $ 2,730.8 |  | $ 2,824.6 | $ 2,683.3 |
Opex |  |  |  |  |
Liabilities |  |  |  |  |
Ownership percentage sold |  | 49.00% |  |  |
Convertible Bonds |  |  |  |  |
Liabilities |  |  |  |  |
Debt instrument, interest rate | 3.875% |  |  |  |

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