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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,220.0 $ 1,255.5
Receivables - trade and other 244.1 301.3
Prepaid expenses and other current assets 24.5 23.5
Total current assets 1,488.6 1,580.3
PROPERTY AND EQUIPMENT:    
Drilling equipment 8,985.6 8,965.3
Other property and equipment 140.4 135.5
Property and equipment - gross 9,126.0 9,100.8
Less accumulated depreciation and amortization 2,310.1 2,040.8
Property and equipment - net 6,815.9 7,060.0
Investment in unconsolidated subsidiary 25.0 0.0
Other assets 43.7 35.3
TOTAL ASSETS 8,373.2 8,675.6
CURRENT LIABILITIES:    
Current portion of long-term debt 0.0 126.8
Accounts payable - trade 71.4 94.3
Deferred revenues 43.8 103.9
Accrued liabilities 141.4 158.8
Total current liabilities 256.6 483.8
Long-term debt, less current portion 2,510.2 2,553.4
Other liabilities 292.5 338.8
Deferred income taxes - net 19.2 185.7
Commitments and contingent liabilities
SHAREHOLDERS' EQUITY:    
Class A Ordinary Shares, $0.125 par value, 128.1 and 128.0 shares issued, respectively; and 126.2 and 125.5 shares outstanding, respectively 16.0 16.0
Additional paid-in capital 1,484.6 1,471.7
Retained earnings 3,997.7 3,830.4
Cost of 1.9 and 2.5 treasury shares, respectively (9.3) (7.2)
Accumulated other comprehensive loss (194.3) (197.0)
Total shareholders' equity 5,294.7 5,113.9
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 8,373.2 $ 8,675.6