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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating revenues                        
Contract drilling revenues                   $ 3,705 $ 6,802 $ 8,963
Other revenues                   456 584 222
Total operating revenues $ 974 $ 906 $ 940 $ 1,341 $ 1,851 $ 1,608 $ 1,884 $ 2,043   4,161 7,386 9,185
Costs and expenses                        
Operating and maintenance                   1,875 2,955 5,100
Depreciation                   893 963 1,129
General and administrative                   172 192 234
Total costs and expenses                   2,940 4,110 6,463
Loss on impairment                   (93) (1,875) (4,043)
Gain (loss) on disposal of assets, net                   4 (36) (26)
Operating income (loss) 316 229 163 424 742 457 493 (327)   1,132 1,365 (1,347)
Other income (expense), net                        
Interest income                   20 22 20
Interest expense, net of amounts capitalized                   (409) (432) (483)
Gain (loss) on retirement of debt   110 38           $ 23 148 23 (13)
Other, net                   43 37 35
Total other income (expense), net                   (198) (350) (441)
Income (loss) from continuing operations before income tax expense                   934 1,015 (1,788)
Income tax expense                   107 120 92
Income (loss) from continuing operations 257 236 92 242 622 392 340 (459)   827 895 (1,880)
Income (loss) from discontinued operations, net of tax                     2 (20)
Net income (loss) 257 236 93 241 622 395 341 (461)   827 897 (1,900)
Net income (loss) attributable to noncontrolling interest                   49 32 (61)
Net income (loss) attributable to controlling interest $ 243 $ 218 $ 82 $ 235 $ 616 $ 386 $ 335 $ (472)   $ 778 $ 865 $ (1,839)
Earnings (loss) per share-basic                        
Earnings (loss) from continuing operations (in dollars per share)                   $ 2.08 $ 2.36 $ (5.02)
Earnings (loss) from discontinued operations (in dollars per share)                       (0.06)
Earnings (loss) per share (in dollars per share) $ 0.64 $ 0.59 $ 0.22 $ 0.64 $ 1.68 $ 1.06 $ 0.91 $ (1.30)   2.08 2.36 (5.08)
Earnings (loss) per share-diluted                        
Earnings (loss) from continuing operations (in dollars per share)                   2.08 2.36 (5.02)
Earnings (loss) from discontinued operations (in dollars per share)                       (0.06)
Earnings (loss) per share (in dollars per share) $ 0.64 $ 0.59 $ 0.22 $ 0.64 $ 1.68 $ 1.06 $ 0.91 $ (1.30)   $ 2.08 $ 2.36 $ (5.08)
Weighted-average shares outstanding                        
Basic (in shares) 371 365 365 364 364 364 363 363   367 363 362
Diluted (in shares) 371 365 365 364 364 364 363 363   367 363 362