NET INVESTMENT IN LEASE |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Finance Lease Abstract | ||||||||||||||||||||||||||||||||||||||||||||||||
| NET INVESTMENT IN LEASE |
During the six months ended June 30, 2026 and 2025, Transocean recognized interest income on lease receivable of $5,990 and $16,201, respectively.
On May 15, 2026, the lessee exercised its option to purchase the underlying property. As a result, the finance lease was terminated and the related net investment in the lease was derecognized. The Company recognized a gain on the early derecognition of the net investment in the finance lease of $94,078.
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