2.2.0.7 false Discontinued Operations 11101 - Disclosure - Discontinued Operations true false false false 1 USD false false Unit12 Standard http://www.xbrl.org/2003/instance pure xbrli 0 Unit1 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit13 Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Discontinued Operations 0 esv_DiscontinuedOperationsAbstract esv false na duration Discontinued Operations false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Discontinued Operations false 3 Discontinued Operations 1 us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <div style="width: 800px;"> <div style="text-indent: 0pt; display: block;"> <div style="text-indent: 0pt; display: block;"> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 11pt; font-weight: bold;" class="_mt">Note 11 - Discontinued Operations</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt">    ENSCO 60</font></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="letter-spacing: 5pt;" class="_mt">   </font> In September 2010, we executed a Memorandum of Agreement (the "MOA") to sell ENSCO 60 for $<font class="_mt">26.0</font> million. The MOA requires the sale to close in the near-term and the buyer to pay us a non-refundable deposit of $<font class="_mt">2.6</font> million. </font></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="letter-spacing: 5pt;" class="_mt">   </font> Based on the facts and circumstances and our conclusion that it was probable the sale of the rig would occur within one year, we classified ENSCO 60 as held-for-sale as of September 30, 2010.  The rig's aggregate net book value and inventory totaled $<font class="_mt">20.9</font> million as of June 30, 2010.  ENSCO 60 operating results were reclassified as discontinued operations in our condensed consolidated statements of income for the three-month and six-month periods ended June 30, 2010 and 2009 and previously were included within our North and South America operating segment.</font></div></div></div> <div style="text-indent: 0pt; display: block;"> <div style="text-indent: 0pt; display: block;"> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div></div></div> <div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"> <div><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt">    Rig Sales</font></font></div></div> <div style="text-indent: 0pt; display: block;"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"> </div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-style: normal; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> In April 2010, we sold jackup rig ENSCO 57 for $<font class="_mt">47.1</font> million, of which a deposit of $<font class="_mt">4.7</font> million was received in December 2009. We recognized a pre-tax gain of $<font class="_mt">17.9</font> million in connection with the disposal of ENSCO 57, which was included in gain on disposal of discontinued operations, net, in our condensed consolidated statements of income for the three-month and six-month periods ended June 30, 2010. The rig's net book value and inventory and other assets on the date of sale totaled $<font class="_mt">29.2</font> million. ENSCO 57 operating results were reclassified as discontinued operations in our condensed consolidated statements of income for the three-month and six-month periods ended June 30, 2010 and 2009 <font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt">and previously were included within our Asia Pacific operating segment.</font></font></font></font></font></font></div></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"> <div style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> In March 2010, we sold jackup rigs ENSCO 50 and ENSCO 51 for an aggregate $<font class="_mt">94.7</font> million, of which a deposit of $<font class="_mt">4.7</font> million was received in December 2009. We recognized an aggregate pre-tax gain of $<font class="_mt">33.9</font> million in connection with the disposals of ENSCO 50 and ENSCO 51, which was included in gain on disposal of discontinued operations, net, in our condensed consolidated statement of income for the six-month period ended June 30, 2010.  The two rigs' aggregate net book value and inventory and other assets on the date of sale totaled $<font class="_mt">60.8</font> million. ENSCO 50 and ENSCO 51 operating results were reclassified as discontinued operations in our condensed consolidated statements of income for the three-month and six-month periods ended June 30, 2010 and 2009 <font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt">and previously were included within our Asia Pacific operating segment.</font></font></font></font></font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> <div><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt">    <font style="font-style: italic; font-family: Times New Roman; font-size: 11pt;" class="_mt">ENSCO 69</font></font></font></font></font></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> From May 2007 to June 2009, ENSCO 69 was contracted to Petrosucre, a subsidiary of Petróleos de Venezuela S.A., the national oil company of Venezuela.  In January 2009, we suspended drilling operations on ENSCO 69 after Petrosucre failed to satisfy its contractual obligations and meet commitments relative to the payment of past due invoices. Petrosucre then took over complete control of ENSCO 69 drilling operations utilizing Petrosucre employees and a portion of the Venezuelan rig crews we had utilized.</font></font></font></font></font></div> <div style="text-indent: 0pt; display: block;"> <div style="text-align: justify; text-indent: 0pt; display: block;"> </div> <div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> On June 4, 2009, after Petrosucre's failure to satisfy its contractual payment obligations, failure to reach a mutually acceptable agreement with us and denial of our request to demobilize ENSCO 69 from Venezuela, Petrosucre advised that it would not return the rig and would continue to operate it without our consent. Petrosucre further advised that it would release ENSCO 69 after a six-month period, subject to a mutually agreed accord addressing the resolution of all remaining obligations under the ENSCO 69 drilling contract. On June 6, 2009, we terminated our contract with Petrosucre and removed all remaining Ensco employees from the rig.</font></font></font></font></font></div></div></div></div></div> <div><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"> </font> </div> <div style="text-align: justify;"> <div style="text-indent: 0pt; display: block;"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt" size="3"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> Due to Petrosucre's failure to satisfy its contractual obligations and meet payment commitments, and in consideration of the Venezuelan government's nationalization of assets owned by other international oil and gas companies and oilfield service companies, we concluded it was remote that ENSCO 69 would be returned to us by Petrosucre and operated again by Ensco. Therefore, we recorded the disposal of ENSCO 69 during the second quarter of 2009 and reclassified its operating results as discontinued operations.</font></font></font></font></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> In November 2009, we executed an agreement with Petrosucre to mitigate our losses and resolve issues relative to outstanding amounts owed by Petrosucre for drilling operations performed by Ensco through the date of termination of the drilling contract in June 2009 (the "agreement").  The agreement also required Petrosucre to compensate us for its use of the rig, and we recognized $<font class="_mt">5.5</font> million and $<font class="_mt">12.4</font> million of pre-tax income for the three-month and six-month periods ended June 30, 2010 associated with collections under the agreement.  Although the agreement obligates Petrosucre to make additional payments for its use of the rig through June 30, 2010, the associated income was not recognized in our condensed consolidated statements of income, as collectability was not reasonably assured.</font></font></font></font></font></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"> </font> </div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="letter-spacing: 5pt;" class="_mt">   </font> On August 24, 2010, possession of ENSCO 69 was returned to Ensco. Due to the return of ENSCO 69 from Petrosucre and our ability to significantly influence the future operations of the rig and to incur significant future cash flows related to those operations until the pending insurance claim is resolved and possibly thereafter, ENSCO 69 operating results were reclassified as continuing operations for the three-month and six-month periods ended June 30, 2010 and 2009.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font></font></font></font></font></font></font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="letter-spacing: 5pt;" class="_mt">   </font> There can be</font> no assurances relative to the recovery of outstanding contract entitlements, insurance recovery and related pending litigation or the imposition of customs duties in relation to the rig's recent presence in Venezuela.  See "Note 12 - Contingencies" for additional information on insurance and legal remedies related to ENSCO 69.</font></font></font></font></font></div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> The following table summarizes our income from discontinued operations for the three-month and six-month periods ended June 30, 2010 and 2009 (in millions):</font></font></font></font></font></div> <div style="text-indent: 0pt; display: block;"> </div></div> <div> <div> <table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="98%"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom" rowspan="2" width="51%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="bottom" width="24%" colspan="4"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">   Three Months Ended</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> <font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt">           June 30,            </font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td> <td valign="bottom" width="22%" colspan="4"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">        Six Months Ended</font></div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">      </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">    <font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt">         June 30,           </font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td></tr> <tr><td valign="bottom" width="11%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">   <font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt">2010</font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td> <td valign="bottom" width="14%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">   <font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt">2009</font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td> <td valign="bottom" width="13%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">   <font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt">2010</font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td> <td valign="bottom" width="9%" colspan="2"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">   </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">     <font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt">2009</font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td></tr> <tr><td valign="middle" width="49%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="3%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="8%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="3%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="10%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="4%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="10%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="3%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="9%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="middle" width="1%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="bottom" width="49%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Revenues</font></div></td> <td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="bottom" width="8%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$   -</font></div></td> <td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td> <td valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$14.2</font></div></td> <td valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$12.5</font></div></td> <td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$43.5</font></div></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td></tr> <tr bgcolor="white"><td style="border-bottom: darkgray 2px solid;" valign="bottom" width="49%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Operating expenses</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="8%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">3.3</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">13.1</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">14.0</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">29.1</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td></tr> <tr bgcolor="#cceeff"><td valign="bottom" width="49%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Operating income (loss) before income taxes</font></div></td> <td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="bottom" width="8%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(3.3</font></div></td> <td valign="bottom" width="3%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">)</font></div></td> <td valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">1.1</font></div></td> <td valign="bottom" width="4%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td> <td valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(1.5</font></div></td> <td valign="bottom" width="3%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">)</font></div></td> <td valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">14.4</font></div></td> <td valign="bottom" width="1%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td></tr> <tr bgcolor="white"><td valign="bottom" width="49%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Income tax (benefit) expense</font></div></td> <td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td valign="bottom" width="8%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(3.6</font></div></td> <td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">) </font></td> <td valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(1.5</font></div></td> <td valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">) </font></td> <td valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(2.2</font></div></td> <td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">) </font></td> <td valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">.8</font></div></td> <td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr> <tr bgcolor="#cceeff"><td style="border-bottom: darkgray 2px solid;" valign="bottom" width="49%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Gain on disposal of discontinued operations, net</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="8%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">5.7</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">-</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="4%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">34.9</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">-</font></div></td> <td style="border-bottom: darkgray 2px solid;" valign="bottom" width="1%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td></tr> <tr bgcolor="white"><td style="border-bottom: darkgray 3px double;" valign="bottom" width="49%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Income from discontinued operations</font></div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">  </font></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="8%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$ 6.0</font></div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$ 2.6</font></div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="4%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="10%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$35.6</font></div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="9%" align="right"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$13.6 </font></div></td> <td style="border-bottom: darkgray 3px double;" valign="bottom" width="1%" align="left"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font> </div></td></tr></table></div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"> </font> </div> <div style="text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt">   </font> Debt and interest expense are not allocated to our discontinued operations.</font></font></font></div></div></div> </div> Note 11 - Discontinued Operations       ENSCO 60       In September 2010, we executed a Memorandum of false false false us-types:textBlockItemType textblock Disclosure includes the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain or loss recognized in the income statement and the income statement caption that includes that gain or loss, amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 false 1 2 false UnKnown UnKnown UnKnown false true