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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 1,214.1 $ 1,332.1
Receivables - trade and other 202.8 212.8
Prepaid expenses and other current assets 15.3 15.5
Total current assets 1,432.2 1,560.4
PROPERTY AND EQUIPMENT:    
Drilling equipment 8,792.3 8,697.8
Other property and equipment 137.1 136.1
Property and equipment - gross 8,929.4 8,833.9
Less accumulated depreciation and amortization 2,375.4 2,281.2
Property and equipment - net 6,554.0 6,552.7
Investment in unconsolidated subsidiary 29.6 30.9
Due from Joint Ventures, Noncurrent 270.0 270.2
Other assets 42.2 44.1
TOTAL ASSETS 8,328.0 8,458.3
CURRENT LIABILITIES:    
Accounts payable - trade 93.4 97.2
Deferred revenues 4.4 1.1
Accrued liabilities 139.7 159.1
Total current liabilities 237.5 257.4
Long-term debt 2,510.5 2,510.3
Other liabilities 286.0 293.6
Deferred income taxes - net 10.8 10.9
Commitments and contingent liabilities
SHAREHOLDERS' EQUITY:    
Class A Ordinary Shares, $0.125 par value; 128.1 and 128.1 shares issued, respectively; 126.9 and 126.3 shares outstanding, respectively 16.0 16.0
Additional paid-in capital 1,488.3 1,488.6
Retained earnings 4,048.5 4,109.7
Cost of 1.2 and 1.8 treasury shares, respectively (7.9) (9.3)
Accumulated other comprehensive loss (261.7) (218.9)
Total shareholders' equity 5,283.2 5,386.1
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 8,328.0 $ 8,458.3