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Newbuildings
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Newbuildings
Newbuildings
Changes in drilling units for the periods presented in this report were as follows:
(In $ millions)



Opening balance as at January 1, 2018 (Predecessor)

248

Additions

1

Closing balance as at July 1, 2018 (Predecessor)

249

Fresh Start adjustments

(249
)
 
 
 
 
 
 
Balance as at July 2, 2018, December 31, 2018 and December 31, 2019 (Successor)
 
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On emergence from Chapter 11, the carrying values of our newbuilds were adjusted to fair value. The loss was recognized in the Consolidated Statement of Operations under the heading "Reorganization items".