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Restricted cash

6 Months Ended

Jun. 30, 2019

Restricted Cash and Investments [Abstract]

Restricted cash

Restricted cash

Restricted cash as at June 30, 2019 (Successor) and December 31, 2018 (Successor) was as follows:



		Successor			Successor
(In $ millions)		As at June 30, 2019			As at December 31, 2018
Accounts pledged as collateral for senior secured notes ⁽¹⁾		—			328
Accounts pledged as collateral for performance bonds and similar guarantees		103			101
Demand deposit pledged as collateral for tax related guarantee ⁽²⁾		86			—
Other		29			32
Total restricted cash		218			461


⁽¹⁾	The balance of this account was used to repurchase senior secured notes on April 10, 2019 (see note 15 - Debt for further details).


⁽²⁾	We placed a total of $86 million of collateral with BTG Bank under a letter of credit agreement. This related to long-running tax disputes which are currently being litigated through the Brazilian courts.

Restricted cash is presented in our Consolidated Balance Sheet as follows:



		Successor			Successor
(In $ millions)		As at June 30, 2019			As at December 31, 2018
Current restricted cash		132			461
Non-current restricted cash		86			—
Total restricted cash		218			461