Supplementary cash flow information

The table below summarizes the non-cash investing and financing activities relating to the periods presented:



	Successor		Predecessor
(In $ millions)	Year ended December 31, 2019	Period from July 2, 2018 through December 31, 2018	Period from January 1, 2018 through July 1, 2018	Year ended December 31, 2017
Non-cash investing activities
Sale of rigs and equipment ⁽¹⁾	—	—	—	103
Proceeds from repayment of short-term loan from related parties due to Seadrill Partners insulation from Seadrill Limited ⁽²⁾	—	—	—	109
Derecognition of Sevan Developer newbuild asset ⁽³⁾	—	—	—	620
Derecognition of Sevan Developer construction obligation ⁽³⁾	—	—	—	(526	)

Non-cash financing activities
Repayment of debt following sale of rigs and equipment ⁽¹⁾	—	—	—	(103	)
Repayment of debt following insulation of Seadrill Partners from Seadrill Limited ⁽³⁾	—	—	—	(109	)
Dividend to non-controlling interests in VIEs ⁽⁴⁾	—	—	—	(14	)


⁽¹⁾	During the year ended December 31, 2017 (Predecessor), we completed the sale of the West Triton, West Resolute and West Mischief to Shelf Drilling, receiving cash consideration of $122 million. This comprised sales value of $225 million offset by $103 million of debt repayments. Refer to Note 9 - Other operating items for further information.


⁽²⁾	During the year ended December 31, 2017 (Predecessor), Seadrill Partners amended certain credit facilities to insulate itself from Seadrill Limited. This resulted in a $109 million repayment in respect to the $440 million secured debt facility. Refer to Note 31 - Related party transactions for further information on related party transactions.

⁽³⁾

During the year ended December 31, 2017 (Predecessor), Sevan and Cosco agreed to defer the Sevan Developer delivery period until June 30, 2020. The contract amendment included a contract termination clause for Cosco and therefore it was deemed that Sevan had lost control of the asset and therefore derecognized the newbuild asset, which was held at $620 million, construction obligation held at $526 million, and accrued interest and other liabilities held at $19 million, resulting in a net loss on disposal of $75 million. Refer to Note 9 – Other operating items for further information.


⁽⁴⁾	During the years ended December 31, 2017, the Ship Finance VIEs declared dividends payable to Ship Finance. Refer to Note 35 - Variable interest entities for further information.