v3.23.1
Newbuildings (Tables)
12 Months Ended
Dec. 31, 2022
New buildings [Abstract]  
Carrying Value of Newbuildings
The table below sets forth the carrying value of our newbuildings:

 For the Years Ended December 31,
(In $ millions)20222021
Balance as of January 1,135.5 135.5 
Disposals(7.6)— 
Impairment(124.4)— 
Total newbuildings3.5 135.5 
The calculation of the impairment charge recognized during the year ended December 31, 2022 is as follows:

(In $ millions)
Three newbuildings considered in the LOI carrying value
132.0 
Estimated cost to complete and respective onerous provision, net 312.4 
Total444.4 
Potential sale price320.0 
Impairment charge(124.4)
Carrying Value 7.6