XML 97 R85.htm IDEA: XBRL DOCUMENT v3.20.4
Previous Chapter 11 Proceedings - Schedule of Key terms of the Plan of Reorganization (Details) - shares
Dec. 31, 2020
Dec. 31, 2019
Jun. 05, 2019
Dec. 31, 2018
Jul. 02, 2018
Fresh-Start Adjustment [Line Items]          
Number of shares 100,384,435 100,234,973   100,000,000 100,000,000
Prior to dilution by the shares reserved under the Employee Incentive Plan         100.00%
Fully diluted         90.00%
Number of shares authorized (in shares)         11,111,111
Total, fully diluted (in shares) 138,880,000 138,880,000 138,880,000   111,111,111
Fully diluted, reserved for Employee Incentive Plan         10.00%
Total fully diluted         100.00%
Commitment Parties (in exchange for cash paid pursuant to the Investment Agreement) and Equity Rights Offering Subscribers          
Fresh-Start Adjustment [Line Items]          
Number of shares         23,750,000
Prior to dilution by Primary Structuring Fee and the shares reserved under the Employee Incentive Plan         25.00%
Prior to dilution by the shares reserved under the Employee Incentive Plan         23.75%
Fully diluted         21.38%
Recipients of Senior Secured Notes (including Commitment Parties and Notes Rights Offering Subscribers)          
Fresh-Start Adjustment [Line Items]          
Number of shares         54,625,000
Prior to dilution by Primary Structuring Fee and the shares reserved under the Employee Incentive Plan         57.50%
Prior to dilution by the shares reserved under the Employee Incentive Plan         54.63%
Fully diluted         49.16%
Holders of General Unsecured Claims          
Fresh-Start Adjustment [Line Items]          
Number of shares         14,250,000
Prior to dilution by Primary Structuring Fee and the shares reserved under the Employee Incentive Plan         15.00%
Prior to dilution by the shares reserved under the Employee Incentive Plan         14.25%
Fully diluted         12.82%
Former Holders of Old Seadrill Limited Equity and Seadrill Limited 510(b) Claimants          
Fresh-Start Adjustment [Line Items]          
Number of shares         1,900,000
Prior to dilution by Primary Structuring Fee and the shares reserved under the Employee Incentive Plan         2.00%
Prior to dilution by the shares reserved under the Employee Incentive Plan         1.90%
Fully diluted         1.71%
Fees to Select Commitment Parties          
Fresh-Start Adjustment [Line Items]          
Number of shares         475,000
Prior to dilution by Primary Structuring Fee and the shares reserved under the Employee Incentive Plan         0.50%
Prior to dilution by the shares reserved under the Employee Incentive Plan         0.47%
Fully diluted         0.43%
All creditors, excluding Primary Structuring Fee          
Fresh-Start Adjustment [Line Items]          
Number of shares         95,000,000
Prior to dilution by Primary Structuring Fee and the shares reserved under the Employee Incentive Plan         100.00%
Prior to dilution by the shares reserved under the Employee Incentive Plan         95.00%
Fully diluted         85.50%
Hemen (on account of Primary Structuring Fee)          
Fresh-Start Adjustment [Line Items]          
Number of shares         5,000,000
Prior to dilution by the shares reserved under the Employee Incentive Plan         5.00%
Fully diluted         4.50%