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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period Of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Total equity before NCI
Total equity before NCI
Cumulative Effect, Period Of Adoption, Adjustment
Total equity before NCI
Cumulative Effect, Period of Adoption, Adjusted Balance
Common shares
Common shares
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional paid in capital
Additional paid in capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated other comprehensive income/(loss)
Accumulated other comprehensive income/(loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Cumulative Effect, Period Of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Non-controlling interest
Non-controlling interest
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance, shares at Dec. 31, 2018             10,000,000                    
Beginning balance at Dec. 31, 2018 $ 3,035     $ 2,883         $ 3,491   $ (7)   $ (611)     $ 152  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss from continuing operations (718)     (717)                 (717)     (1)  
Profit /(loss) from discontinued operations (502)     (502)                          
Other comprehensive loss from continuing operations (1)     (1)             (1)            
Other comprehensive loss from discontinued operations (5)     (5)             (5)            
Fair Value adjustment AOD Redeemable NCI (21)     (21)                 (21)        
Share-based compensation charge $ 5     5         5                
Ending balance, shares at Dec. 31, 2019 100,234,973           10,000,000 10,000,000                  
Ending balance at Dec. 31, 2019 $ 1,793 $ (143) $ 1,650 1,642 $ (143) $ 1,499     3,496 $ 3,496 (13) $ (13) (1,851) $ (143) $ (1,994) 151 $ 151
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Accounting Standards Update [Extensible List] Accounting Standards Update 2016-13 [Member]                                
Net loss from continuing operations $ (4,447)     (4,444)                 (4,444)     (3)  
Profit /(loss) from discontinued operations (215)     (215)                 (215)        
Other comprehensive loss from continuing operations (2)     (2)             (2)            
Other comprehensive loss from discontinued operations (11)     (11)             (11)            
Fair Value adjustment AOD Redeemable NCI 25     25                 25        
Share buyback of Heirs Holding shares in Seadrill Nigeria Operations (11)     0                       (11)  
Deconsolidation of VIE (137)     0                       (137)  
Share-based compensation charge 9     9         9                
Cash settlement for cancellation of share scheme $ (1)     (1)         (1)                
Ending balance, shares at Dec. 31, 2020 100,384,435           10,000,000                    
Ending balance at Dec. 31, 2020 $ (3,140)     (3,140)         3,504   (26)   (6,628)     0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net loss from continuing operations (592)     (592)                 (592)        
Profit /(loss) from discontinued operations 5     5                 5        
Other comprehensive loss from discontinued operations $ 11     11             11            
Ending balance, shares at Dec. 31, 2021 100,384,435           10,000,000                    
Ending balance at Dec. 31, 2021 $ (3,716)     $ (3,716)         $ 3,504   $ (15)   $ (7,215)     $ 0