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Restricted Cash
 6 Months Ended
Jun. 30, 2023
Restricted Cash [Abstract]  
Restricted Cash Restricted Cash
Restricted cash is comprised of the following:

June 30, 2023December 31, 2022
(In $ millions)

Restricted cash relating to the issuance of guarantees— 10.1 
Restricted cash relating to other— 0.4 
Total restricted cash— 10.5 
Less: amounts included in current restricted cash— (2.5)
Non-current restricted cash— 8.0 
In April 2023, we entered into a facility with DNB Bank ASA to provide guarantees and letters of credit of up to $25.0 million collateralized by the rigs that secure the $175.0 million facility, enabling the Company to free up the restricted cash previously collateralized for guarantees and recognized as restricted cash.