Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Information

Segment information for the three and six months ended June 30, 2017 and 2016 is set forth below (in millions):

	Three months ended June 30,						Six months ended June 30,
	2017			2016			2017			2016
Deepwater:
Revenues	$	122.7		$	341.4		$	283.4		$	563.9
Operating expenses:
Direct operating costs (excluding items below)	38.7			56.0			83.3			123.0
Depreciation and amortization	28.4			29.9			56.7			57.2
Selling, general and administrative	—			—			—			—
Other operating items	—			—			—			0.3
Income from operations	$	55.6		$	255.5		$	143.4		$	383.4
Jack-ups:
Revenues	$	197.5		$	270.4		$	411.1		$	548.1
Operating expenses:
Direct operating costs (excluding items below)	128.8			151.5			254.2			289.3
Depreciation and amortization	72.4			71.1			142.5			139.5
Selling, general and administrative	—			—			—			—
Other operating items	3.2			1.8			6.6			3.7
Income (loss) from operations	$	(6.9	)	$	46.0		$	7.8		115.6
Unallocated costs and other:
Revenues	$	—		$	—		$	—		$	—
Operating expenses:
Direct operating costs (excluding items below)	—			—			—			—
Depreciation and amortization	0.7			(0.9		)	1.4			2.3
Selling, general and administrative	22.0			26.1			46.0			53.0
Other operating items	(0.1		)	0.1			(0.1		)	0.1
Loss from operations	$	(22.6	)	$	(25.3	)	$	(47.3	)	$	(55.4	)
Consolidated:
Revenues	$	320.2		$	611.8		$	694.5		$	1,112.0
Operating expenses:
Direct operating costs (excluding items below)	167.5			207.5			337.5			412.3
Depreciation and amortization	101.5			100.1			200.6			199.0
Selling, general and administrative	22.0			26.1			46.0			53.0
Other operating items	3.1			1.9			6.5			4.1
Income from operations	$	26.1		$	276.2		$	103.9		$	443.6