XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Supplemental Balance Sheet and Income Statement Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Supplemental Balance Sheet, Income Statement and Cash Flow Information |
Schedule of accrued liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2024 |  | 2023
​ | ​ | (In thousands)
Accrued compensation | ​ | $ | 58,662 | ​ | $ | 58,769
Deferred revenue | ​ |  | 28,877 | ​ | ​ | 29,233
Other taxes payable | ​ |  | 32,217 | ​ | ​ | 41,322
Workers’ compensation liabilities | ​ |  | 6,588 | ​ |  | 6,588
Interest payable | ​ |  | 57,174 | ​ |  | 57,607
Litigation reserves | ​ |  | 20,599 | ​ |  | 19,924
Other accrued liabilities | ​ |  | 15,595 | ​ |  | 16,797
​ | ​ | $ | 219,712 | ​ | $ | 230,240
Schedule of investment income (loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2024 |  | 2023
​ | ​ | (In thousands)
Interest and dividend income | ​ | $ | 10,192 | ​ | $ | 9,514
Gains (losses) on marketable securities | ​ |  | 9 | ​ |  | 352
​ | ​ | $ | 10,201 | ​ | $ | 9,866
Schedule of other, net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | March 31,
​ | ​ |  | 2024 |  | 2023
​ | ​ | ​ | (In thousands)
Losses on sales, disposals and involuntary conversions of long-lived assets | ​ | ​ | $ | 4,603 | ​ | $ | 336
Energy transition initiatives | ​ | ​ | ​ | 308 | ​ | ​ | 7,100
Warrant and derivative valuation | ​ | ​ | ​ | (5,679) | ​ | ​ | (34,314)
Litigation expenses and reserves | ​ | ​ | ​ | 2,550 | ​ | ​ | 2,603
Foreign currency transaction losses | ​ | ​ | ​ | 11,394 | ​ | ​ | 6,454
Loss (gain) on debt buyback | ​ | ​ | ​ | 2,576 | ​ | ​ | (24,856)
Other losses (gains) | ​ | ​ | ​ | 356 | ​ | ​ | 302
​ | ​ | ​ | $ | 16,108 | ​ | $ | (42,375)
Schedule of changes in accumulated other comprehensive income (loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | Gains | ​ | Defined | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | (losses) on | ​ | benefit | ​ | Foreign | ​ | ​ | ​
​ | ​ | cash flow | ​ | pension plan | ​ | currency | ​ | ​ | ​
​ |  | hedges |  | items |  | items |  | Total
​ | ​ | (In thousands (1) )
As of January 1, 2023 | ​ | $ | 2 | ​ | $ | (3,767) | ​ | $ | (7,273) | ​ | $ | (11,038)
Other comprehensive income (loss) before reclassifications | ​ |  | — | ​ | ​ | — | ​ |  | 58 | ​ | ​ | 58
Amounts reclassified from accumulated other comprehensive income (loss) | ​ |  | — | ​ | ​ | 40 | ​ | ​ | — | ​ | ​ | 40
Net other comprehensive income (loss) | ​ |  | — | ​ |  | 40 | ​ |  | 58 | ​ |  | 98
As of March 31, 2023 | ​ | $ | 2 | ​ | $ | (3,727) | ​ | $ | (7,215) | ​ | $ | (10,940)
(1) | All amounts are net of tax.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | Gains | ​ | Defined | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | (losses) on | ​ | benefit | ​ | Foreign | ​ | ​ | ​
​ | ​ | cash flow | ​ | pension plan | ​ | currency | ​ | ​ | ​
​ |  | hedges |  | items |  | items |  | Total
​ | ​ | (In thousands (1) )
As of January 1, 2024 | ​ | $ | 2 | ​ | $ | (3,606) | ​ | $ | (7,228) | ​ | $ | (10,832)
Other comprehensive income (loss) before reclassifications | ​ |  | — | ​ |  | — | ​ |  | (134) | ​ |  | (134)
Amounts reclassified from accumulated other comprehensive income (loss) | ​ |  | — | ​ |  | 41 | ​ |  | — | ​ |  | 41
Net other comprehensive income (loss) | ​ |  | — | ​ |  | 41 | ​ |  | (134) | ​ |  | (93)
As of March 31, 2024 | ​ | $ | 2 | ​ | $ | (3,565) | ​ | $ | (7,362) | ​ | $ | (10,925)
(1) | All amounts are net of tax.
Schedule of line items that were reclassified to net income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | March 31,
​ | ​ |  | 2024 |  | 2023
​ | (In thousands)
General and administrative expenses | ​ | ​ | $ | 53 | ​ | $ | 52
Total income (loss) before income tax | ​ | ​ |  | (53) | ​ |  | (52)
Tax expense (benefit) | ​ | ​ | ​ | (12) | ​ | ​ | (12)
Reclassification adjustment for (gains)/ losses included in net income (loss) | ​ | ​ | $ | (41) | ​ | $ | (40)
​

X
- Definition Tabular disclosure of losses (gains) on sales retirements and impairments of long lived assets and other expense income net. + References No definition available. + Details
Name: | nbr_LossesGainsOnSalesRetirementsAndImpairmentsOfLongLivedAssetsAndOtherExpenseIncomeNetTableTextBlock
Namespace Prefix: | nbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | nbr_SupplementalBalanceSheetAndIncomeStatementInformationAbstract
Namespace Prefix: | nbr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration