v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases is as follows:
(In $ millions)June 30, 2025December 31, 2024
Operating leases right-of-use assets0.9 1.2 
Current operating lease liabilities0.3 0.4 
Non-current operating lease liabilities0.6 0.8 
Components of Lease Cost
Components of lease expenses are comprised of the following:
(In $ millions)Three months ended June 30, 2025Three months ended June 30, 2024Six months ended June 30, 2025Six months ended June 30, 2024
Rig operating and maintenance expenses
4.0 3.3 8.3 6.3 
General and administrative expenses0.6 0.5 1.2 1.0 
Operating lease expense4.6 3.8 9.5 7.3 
Schedule of Future Minimum Revenues to be Received Under Operating Leases
The minimum future revenues to be received under the Company's operating leases on its jack-up rigs as of June 30, 2025, are as follows:
(In $ millions)June 30, 2025
202555.2 
202648.0 
202724.4 
20286.5 
Total minimum contractual future revenues134.1