SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND ALLOWANCES

12 Months Ended

Dec. 31, 2016

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II
ROWAN COMPANIES PLC AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS AND ALLOWANCES
FOR THE THREE YEARS ENDED DECEMBER 31, 2016
			Additions
	Balance at									Balance at
	Beginning		Charged to							End of
Description	of Period		Expense, Net			Adjustments		Deductions		Period
	(In millions)
Year Ended December 31, 2016:
Valuation allowance of deferred tax assets	$	128.3	$	761.5		$	—	$	—	$	889.8
Year Ended December 31, 2015:
Valuation allowance of deferred tax assets	$	22.3	$	106.0		$	—	$	—	$	128.3
Year Ended December 31, 2014:
Valuation allowance of deferred tax assets	$	25.9	$	(3.6	)	$	—	$	—	$	22.3

For the year ended December 31, 2016, management assessed negative and positive evidence and determined the need to establish a valuation allowance against the Luxembourg deferred tax assets of $747 million as discussed in Note 12 of Notes to Consolidated Financial Statements in Part II, Item 8 of this Form 10-K.

For the December 31, 2015, an additional valuation allowance of $62 million on the U.S. 2014 and prior years’ deferred tax assets and an additional valuation allowance of $43 million on the U.S. 2015 deferred tax assets has been recorded in 2015 to recognize only the portion of the deferred tax assets that is more likely to be realized.