Risk management and financial instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest rate swap and cross currency interest rate swap agreements

Our interest rate swap agreements as of December 31, 2019, were as follows:



Maturity date	Outstanding principal as of December 31, 2019		Receive rate	Pay rate
	(In US$ millions)
February 21, 2021	2,735.8		3 month LIBOR	2.45% to 2.52%	(1) (2)
Total outstanding principal	$	2,735.8

(1) The outstanding principal of these amortizing swaps falls with each capital repayment of the underlying loans.

(2) The Company has a LIBOR floor of 1% whereby the Company receives 1% when LIBOR is below 1%.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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