| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net (loss)/income | NaN | -77 | NaN | NaN |
| Net loss | 60 | NaN | -11 | -56 |
| Depreciation and amortization | 71 | 69 | 58 | 111 |
| Gain on disposals | NaN | NaN | 0 | 0 |
| Gain on disposals of assets | NaN | 1 | NaN | NaN |
| Equity in earnings of equity method investment (net of tax) | 4 | -13 | -11 | 14 |
| Loss on impairment of long-lived assets | NaN | 22 | NaN | NaN |
| Deferred tax expense | 17 | 3 | 5 | 14 |
| Unrealized gain on foreign exchange | -2 | NaN | 0 | 2 |
| Amortization of bond issuance costs | 1 | 1 | 0 | 2 |
| Share based compensation expense | 1 | 6 | 5 | 9 |
| Change in allowance for credit losses | NaN | 0 | NaN | NaN |
| Other | 0 | 4 | 0 | -27 |
| Additions to long-term maintenance | 38 | 46 | 69 | 98 |
| Accounts receivable, net | 52 | -17 | -13 | 7 |
| Trade accounts payable | 11 | -11 | 5 | -41 |
| Prepaid expenses | -2 | -6 | 0 | -1 |
| Deferred revenue | -10 | -7 | 0 | -1 |
| Deferred contract costs | 35 | -4 | -15 | -26 |
| Related party receivables | 7 | 0 | NaN | 0 |
| Other assets | 12 | 6 | -1 | 4 |
| Other liabilities | 40 | -98 | -5 | 17 |
| Net cash used in operating activities | -22 | -40 | 28 | -16 |
| Proceeds from disposal of assets | NaN | NaN | 0 | 0 |
| Additions to drilling units and equipment | 13 | 23 | 19 | 68 |
| Proceeds from disposal of assets | NaN | 1 | NaN | NaN |
| Proceeds from sales of tender-assist units | NaN | 0 | NaN | NaN |
| Net proceeds on disposal of business and cash impact from deconsolidation | NaN | 0 | NaN | NaN |
| Other | 0 | 0 | 0 | 4 |
| Net cash used in investing activities | -13 | -22 | -19 | -72 |
| Taxes withheld on employee stock transactions | 1 | 3 | NaN | NaN |
| Shares repurchased | NaN | 0 | 0 | 0 |
| Proceeds from debt | NaN | 0 | NaN | NaN |
| Repayments of secured credit facilities | NaN | 0 | NaN | NaN |
| Share issuance costs | NaN | 0 | NaN | NaN |
| Debt issuance costs | NaN | 0 | NaN | NaN |
| Net cash used in financing activities | -1 | -3 | 0 | 0 |
| Effect of exchange rate changes on cash and cash equivalents | NaN | 4 | NaN | NaN |
| Effect of exchange rate changes on cash | -2 | NaN | 0 | 2 |
| Net decrease in cash and cash equivalents, including restricted cash | -36 | -63 | 9 | -86 |
| Cash and cash equivalents, including restricted cash, at beginning of the year | NaN | 428 | NaN | NaN |
| Cash and cash equivalents, including restricted cash, at beginning of the period | 365 | NaN | 505 | NaN |
| Cash and cash equivalents, including restricted cash, at the end of year | NaN | 365 | NaN | NaN |
| Cash and cash equivalents, including restricted cash, at the end of period | 329 | NaN | 428 | NaN |
Seadrill Ltd (SDRL)
Seadrill Ltd (SDRL)