v3.25.2
Other Non-Current Assets
 6 Months Ended
Jun. 30, 2025
Other Assets, Noncurrent Disclosure [Abstract]  
Other Non-Current Assets
Note 14 - Other Non-Current Assets
Other long-term assets are comprised of the following:

June 30, 2025December 31, 2024
(In $ millions)


Deferred mobilization and contract preparation costs (1)
37.2 39.5 
Deferred tax asset24.6 18.6 
Deferred demobilization revenue (2)
10.4 1.5 
Blended rate revenue, non-current (3)
1.8 — 
Deferred financing fee1.0 1.2 
Right-of-use lease asset, non-current (4)
0.6 0.8 
Customer retention (5)
0.6 — 
Prepayments— 0.9 
Total 76.2 62.5 
(1) Non-current deferred mobilization and contract preparation costs relate to the non-current portion of contract mobilization and preparation costs for three of our jack-up rigs (see Note 5 - Contracts with Customers).
(2) Non-current deferred demobilization revenue relates to demobilization revenue for two of our jack-up rigs, which will be billed upon contract completion.
(3) Non-current blended rate revenue related to the non-current portion of one of our contracts.
(4) The right-of-use lease asset pertains to our offices.