Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Information

Segment information for the three and nine months ended September 30, 2016 and 2015 is set forth below (in millions):

	Three months ended September 30,						Nine months ended September 30,
	2016			2015			2016			2015
Deepwater:
Revenues	$	135.1		$	220.9		$	699.0		$	529.7
Operating expenses:
Direct operating costs (excluding items below)	52.4			77.8			175.4			207.3
Depreciation and amortization	28.8			27.6			86.0			66.4
Selling, general and administrative	—			—			—			—
Other operating items	0.1			—			0.4			—
Income from operations	$	53.8		$	115.5		$	437.2		$	256.0
Jack-ups:
Revenues	$	244.3		$	324.5		$	792.4		$	1,071.5
Operating expenses:
Direct operating costs (excluding items below)	133.6			169.8			422.9			550.0
Depreciation and amortization	71.5			73.2			211.0			213.2
Selling, general and administrative	—			—			—			—
Other operating items	33.6			333.5			37.3			338.5
Income (loss) from operations	$	5.6		$	(252.0	)	$	121.2		(30.2		)
Unallocated costs and other:
Revenues	$	—		$	—		$	—		$	—
Operating expenses:
Direct operating costs (excluding items below)	—			—			—			—
Depreciation and amortization	1.9			3.3			4.2			9.6
Selling, general and administrative	23.5			29.7			76.5			88.4
Other operating items	0.4			1.1			0.5			0.9
Loss from operations	$	(25.8	)	$	(34.1	)	$	(81.2	)	$	(98.9	)
Consolidated:
Revenues	$	379.4		$	545.4		$	1,491.4		$	1,601.2
Operating expenses:
Direct operating costs (excluding items below)	186.0			247.6			598.3			757.3
Depreciation and amortization	102.2			104.1			301.2			289.2
Selling, general and administrative	23.5			29.7			76.5			88.4
Other operating items	34.1			334.6			38.2			339.4
Income (loss) from operations	$	33.6		$	(170.6	)	$	477.2		$	126.9