XML 120 R20.htm IDEA: XBRL DOCUMENT v3.22.1

Expected Credit Losses

12 Months Ended

Dec. 31, 2021

Credit Loss [Abstract]

Expected Credit Losses

Note 12 - Expected Credit Losses

The table below sets forth the allowance for expected credit losses:

(In $ millions)			Trade Receivables			Other Current Assets			Total
Upon adoption of ASU 2016-13 - Measurement of credit losses, as at January 1, 2020			1.0			1.9			2.9
Provision for expected credit losses			1.2			—			1.2
Recoveries collected / reversals of provision			(1.0)			—			(1.0)
Balance as at December 31, 2020			1.2			1.9			3.1
Provision for expected credit losses			0.3			—			0.3
Recoveries collected / reversals of provision			(0.7)			—			(0.7)
Write-off charged against allowance			—			(1.9)			(1.9)
Balance as at December 31, 2021			0.8			—			0.8

New provisions and recoveries of previous provisions are recorded in "Rig operating and maintenance expenses" in the Consolidated Statements of Operations, as and when they occur.

X

- Definition

The entire disclosure for allowance for credit losses.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-URI http://asc.fasb.org/topic&trid=2196771

+ Details

Name:	us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CreditLossAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration