v3.23.1
Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments
The Company has the following delivery installment commitments:
 As at December 31, 2022As at December 31, 2021
(In $ millions)Delivery installmentBack-end feeDelivery installmentBack-end fee
Delivery installments for jack-up drilling rigs294.8 — 621.0 9.0 
Maturity of Commitments
The following table sets forth when our delivery installment commitments fall due as of December 31, 2022:
(In $ millions)Less than 1 year1-3 yearsTotal
Delivery installments for jack-up rigs— 294.8 294.8 
Other Commercial Commitments
The Company has the following guarantee commitments:
As of December 31,
(In $ millions)20222021
Surety bonds, bank guarantees and performance bonds(1)
9.7 20.8 
Total9.7 20.8 
(1) At December 31, 2022 and December 31, 2021, bank guarantees of $10.1 million and $10.0 million, respectively, are supported by restricted cash (see Note 12 - Restricted Cash).
As of December 31, 2022, the expiry dates of these obligations are as follows:

(In $ millions)Less than 1 year1-3 yearsTotal
Surety bonds, bank guarantees and performance bonds2.0 7.7 9.7 
Total2.0 7.7 9.7 
Assets Pledged as Collateral
Assets pledged as collateral

As of December 31,
(In $ millions)20222021
Book value of jackup rigs pledged as collateral for long-term debt facilities 2,396.2 2,730.8