Company: RIG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001451505-25-000018
Chunk: 8

Company: Transocean Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 15E
Chunk 8
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Item 15.Exhibits and Financial Statement Schedules

(a)Index to Financial Statements, Financial Statement Schedules and Exhibits

(1) Index to Financial Statements

9​​​Included in Part II of this report:​Page​Management’s Report on Internal Control Over Financial Reporting​37​Reports of Independent Registered Public Accounting Firm (PCAOB ID 00042)​38​Consolidated Statements of Operations​41​Consolidated Statements of Comprehensive Loss​42​Consolidated Balance Sheets​43​Consolidated Statements of Equity​44​Consolidated Statements of Cash Flows​45​Notes to Consolidated Financial Statements​46​

Financial statements of unconsolidated subsidiaries are not presented herein because such subsidiaries do not meet the significance test.

(2) Financial Statement Schedules

Transocean Ltd. and SubsidiariesSchedule II—Valuation and Qualifying Accounts(in millions)​​​​​​​​​​​​​​​​​​​Years ended December 31, ​   ​   2024​  2023​  2022 Allowance for credit losses​​​​​​​​​​​​​​Balance, beginning of period​​​$ 2​​$ 2​​$ 2​Additions: charged to cost and expenses​​​​ —​​​ —​​​ —​Additions: charged to other accounts​​​​ —​​​ —​​​ —​Deductions​​​​ —​​​ —​​​ —​Balance, end of period​​​$ 2​​$ 2​​$ 2​​​​​​​​​​​​​​​​Allowance for excess materials and supplies​​​​​​​​​​​​​​Balance, beginning of period​​​$ 198​​$ 199​​$ 183​Additions: charged to cost and expenses​​​​ 7​​​ 6​​​ 16​Additions: charged to other accounts​​​​ —​​​ —​​​ —​Deductions​(a)​​ (27)​​​ (7)​​​ —​Balance, end of period​​​$ 178​​$ 198​​$ 199​​​​​​​​​​​​​​​​Valuation allowance on deferred tax assets​​​​​​​​​​​​​​Balance, beginning of period​​​$ 1,884​​$ 1,910​​$ 1,820​Additions: charged to cost and expenses​​​​ 208​​​ —​​​ 79​Add