XML 85 R67.htm IDEA: XBRL DOCUMENT v3.20.4
Debt (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Nov. 16, 2020
Sep. 11, 2020
Jan. 17, 2020
Dec. 31, 2019
May 24, 2019
Feb. 01, 2019
Oct. 25, 2018
Jul. 31, 2018
Principal amount                  
Total installments of debt $ 7,376       $ 9,361        
Debt due within one year 449       581        
Long-term debt 6,927       8,780        
Carrying amount                  
Total debt 7,807       9,261        
Debt due within one year 505       568        
Long-term debt $ 7,302       8,693        
Transocean Inc                  
Carrying amount                  
Percentage ownership interest in Transocean Inc. by Transocean Ltd. 100.00%                
6.50% Senior Notes due November 2020                  
Principal amount                  
Total installments of debt         206        
Debt due within one year         206        
Carrying amount                  
Total debt         206        
Debt due within one year         206        
Debt instrument interest rate stated percentage 6.50% 6.50%              
6.375% Senior Notes due December 2021                  
Principal amount                  
Total installments of debt $ 38       222        
Carrying amount                  
Total debt 38       221        
Debt due within one year $ 38                
Debt instrument interest rate stated percentage 6.375%                
5.52% Senior Secured Notes due May 2022                  
Principal amount                  
Total installments of debt $ 111       200        
Debt due within one year 93       88        
Carrying amount                  
Total debt 111       198        
Debt due within one year $ 92       87        
Debt instrument interest rate stated percentage 5.52%                
3.80% Senior Notes due October 2022                  
Principal amount                  
Total installments of debt $ 27       190        
Carrying amount                  
Total debt $ 27       189        
Debt instrument interest rate stated percentage 3.80%                
0.50% Exchangeable Senior Bonds due January 2023                  
Principal amount                  
Total installments of debt $ 463       863        
Carrying amount                  
Total debt $ 462       862        
Debt instrument interest rate stated percentage 0.50%                
5.375% Senior Secured Notes due May 2023                  
Principal amount                  
Total installments of debt $ 364       525        
Debt due within one year 47       16        
Carrying amount                  
Total debt 360       518        
Debt due within one year $ 46       14        
Debt instrument interest rate stated percentage 5.375%         5.375%      
9.00% Senior Notes due July 2023                  
Principal amount                  
Total installments of debt         714        
Carrying amount                  
Total debt         701        
Debt instrument interest rate stated percentage 9.00%                
5.875% Senior Secured Notes due January 2024                  
Principal amount                  
Total installments of debt $ 585       667        
Debt due within one year 83       83        
Carrying amount                  
Total debt 577       656        
Debt due within one year $ 80       79        
Debt instrument interest rate stated percentage 5.875%               5.875%
7.75% Senior Secured Notes due October 2024                  
Principal amount                  
Total installments of debt $ 360       420        
Debt due within one year 60       60        
Carrying amount                  
Total debt 354       412        
Debt due within one year $ 58       58        
Debt instrument interest rate stated percentage 7.75%                
6.25% Senior Secured Notes due December 2024                  
Principal amount                  
Total installments of debt $ 375       437        
Debt due within one year 62       62        
Carrying amount                  
Total debt 369       430        
Debt due within one year $ 60       60        
Debt instrument interest rate stated percentage 6.25%                
6.125% Senior Secured Notes due August 2025                  
Principal amount                  
Total installments of debt $ 468       534        
Debt due within one year 66       66        
Carrying amount                  
Total debt 461       525        
Debt due within one year $ 64       64        
Debt instrument interest rate stated percentage 6.125%               6.125%
7.25% Senior Notes due November 2025                  
Principal amount                  
Total installments of debt $ 411       750        
Carrying amount                  
Total debt $ 405       737        
Debt instrument interest rate stated percentage 7.25%             7.25%  
7.50% Senior Notes due January 2026                  
Principal amount                  
Total installments of debt $ 569       750        
Carrying amount                  
Total debt $ 565       743        
Debt instrument interest rate stated percentage 7.50%                
2.50% Senior Guaranteed Exchangeable Bonds due January 2027                  
Principal amount                  
Total installments of debt $ 238                
Carrying amount                  
Total debt 277                
Debt due within one year $ 6                
Debt instrument interest rate stated percentage 2.50%                
11.50% Senior Guaranteed Notes due January 2027                  
Principal amount                  
Total installments of debt $ 687                
Carrying amount                  
Total debt 1,139                
Debt due within one year $ 61                
Debt instrument interest rate stated percentage 11.50%   11.50%            
6.875% Senior Secured Notes due February 2027                  
Principal amount                  
Total installments of debt $ 550       550        
Carrying amount                  
Total debt $ 542       541        
Debt instrument interest rate stated percentage 6.875%           6.875%    
8.00% Senior Notes due February 2027                  
Principal amount                  
Total installments of debt $ 612                
Carrying amount                  
Total debt $ 606                
Debt instrument interest rate stated percentage 8.00%     8.00%          
7.45% Notes due April 2027                  
Principal amount                  
Total installments of debt $ 52       88        
Carrying amount                  
Total debt $ 51       86        
Debt instrument interest rate stated percentage 7.45%                
8.00% Debentures due April 2027                  
Principal amount                  
Total installments of debt $ 22       57        
Carrying amount                  
Total debt $ 22       57        
Debt instrument interest rate stated percentage 8.00%                
7.00% Notes due June 2028                  
Principal amount                  
Total installments of debt $ 261       300        
Carrying amount                  
Total debt $ 266       306        
Debt instrument interest rate stated percentage 7.00%                
7.50% Notes due April 2031                  
Principal amount                  
Total installments of debt $ 396       588        
Carrying amount                  
Total debt $ 394       585        
Debt instrument interest rate stated percentage 7.50%                
6.80% Senior Notes due March 2038                  
Principal amount                  
Total installments of debt $ 610       1,000        
Carrying amount                  
Total debt $ 605       991        
Debt instrument interest rate stated percentage 6.80%                
7.35% Senior Notes due December 2041                  
Principal amount                  
Total installments of debt $ 177       300        
Carrying amount                  
Total debt $ 176       $ 297        
Debt instrument interest rate stated percentage 7.35%