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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)
 



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".