| Schedule of Disaggregation of Revenue by Rig Types |
The following table provides information about contract drilling services revenue by rig types: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Floaters | | $ | 563,389 | | | $ | 630,154 | | | 1,734,871 | | | 2,007,925 | | Jackups | | 120,261 | | | 127,251 | | | 370,776 | | | 393,985 | | Total | | $ | 683,650 | | | $ | 757,405 | | | $ | 2,105,647 | | | $ | 2,401,910 | |
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| Schedule of Contract Assets and Contract Liabilities |
The following table provides information about contract assets and contract liabilities from contracts with customers: | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | Current customer contract assets | | $ | 11,284 | | | $ | 29,525 | | Noncurrent customer contract assets | | 15,428 | | | 1,112 | | Total customer contract assets | | 26,712 | | | 30,637 | | | | | | | Current deferred revenue | | (46,923) | | | (64,400) | | Noncurrent deferred revenue | | (49,776) | | | (32,718) | | Total deferred revenue | | $ | (96,699) | | | $ | (97,118) | |
Significant changes in the remaining performance obligation contract assets and contract liabilities balances for the nine months ended September 30, 2026 and 2025, are as follows: | | | | | | | | | | | | | | | | | Contract Assets | | Contract Liabilities | Net balance at December 31, 2025 | | $ | 30,637 | | | $ | (97,118) | | | | | | | Additions to deferred costs | | 29,570 | | | — | | Additions to deferred revenue | | — | | | (57,459) | | Amortization of deferred costs | | (33,495) | | | — | | Amortization of deferred revenue | | — | | | 57,878 | | Total | | (3,925) | | | 419 | | | | | | | Net balance at September 30, 2026 | | $ | 26,712 | | | $ | (96,699) | | | | | | | Net balance at December 31, 2024 | | $ | 37,091 | | | $ | (101,945) | | | | | | | Additions to deferred costs | | 25,409 | | | — | | Additions to deferred revenue | | — | | | (92,321) | | Amortization of deferred costs | | (29,790) | | | — | | Amortization of deferred revenue | | — | | | 100,633 | | Total | | (4,381) | | | 8,312 | | | | | | | Net balance at September 30, 2025 | | $ | 32,710 | | | $ | (93,633) | |
| | | | | | | | | | | | | | | | | Unfavorable contracts | | Favorable contracts | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2024 | | $ | (8,580) | | | $ | 214 | | | | | | | Amortization | | 8,580 | | | (214) | | Balance at September 30, 2025 | | $ | — | | | $ | — | |
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