2023 Q4 Form 20-F Financial Statement
#000162828024013209 Filed on March 27, 2024
Income Statement
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
Revenue | $220.6M | $771.6M | $443.8M |
YoY Change | 48.45% | 73.86% | 80.92% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $109.3M | $404.4M | $301.7M |
YoY Change | 15.78% | 34.04% | 40.2% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $30.80M | $117.4M | $116.5M |
YoY Change | 8.83% | 0.77% | -2.59% |
% of Gross Profit | |||
Operating Expenses | $140.1M | $521.8M | $549.9M |
YoY Change | 14.18% | -5.11% | 64.25% |
Operating Profit | $250.4M | -$101.9M | |
YoY Change | -345.73% | 15.4% | |
Interest Expense | -$57.10M | -$167.4M | $131.3M |
YoY Change | 51.86% | -227.49% | -264.95% |
% of Operating Profit | -66.85% | ||
Other Income/Expense, Net | -$4.500M | -$26.90M | -$46.90M |
YoY Change | -56.73% | -42.64% | 146.84% |
Pretax Income | $19.10M | $56.10M | -$274.4M |
YoY Change | -203.24% | -120.44% | 49.7% |
Income Tax | -$9.300M | $34.00M | $18.40M |
% Of Pretax Income | -48.69% | 60.61% | |
Net Earnings | $28.40M | $22.10M | -$292.8M |
YoY Change | -233.33% | -107.55% | 51.71% |
Net Earnings / Revenue | 12.87% | 2.86% | -65.98% |
Basic Earnings Per Share | $0.09 | -$1.64 | |
Diluted Earnings Per Share | $0.10 | $0.09 | -$1.64 |
COMMON SHARES | |||
Basic Shares Outstanding | 252.6M shares | 244.3M shares | 178.4M shares |
Diluted Shares Outstanding | 248.2M shares | 178.4M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $102.5M | $102.5M | $108.0M |
YoY Change | -5.09% | -5.09% | 209.46% |
Cash & Equivalents | $102.5M | $102.5M | $108.0M |
Short-Term Investments | |||
Other Short-Term Assets | $82.50M | $82.50M | $55.60M |
YoY Change | 224.8% | 48.38% | 80.52% |
Inventory | |||
Prepaid Expenses | $11.00M | ||
Receivables | $129.9M | $129.9M | $100.4M |
Other Receivables | $95.00M | $95.00M | $85.90M |
Total Short-Term Assets | $409.9M | $409.9M | $349.9M |
YoY Change | 17.15% | 17.15% | 98.58% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.587B | $2.587B | $2.598B |
YoY Change | 66238.46% | -0.42% | -9.51% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $15.70M | $15.70M | $20.60M |
YoY Change | -23.79% | -23.79% | 6.19% |
Other Assets | $67.30M | $67.30M | $32.60M |
YoY Change | 152.06% | 106.44% | 150.77% |
Total Long-Term Assets | $2.670B | $2.670B | $2.652B |
YoY Change | 0.69% | 0.69% | -8.69% |
TOTAL ASSETS | |||
Total Short-Term Assets | $409.9M | $409.9M | $349.9M |
Total Long-Term Assets | $2.670B | $2.670B | $2.652B |
Total Assets | $3.080B | $3.080B | $3.002B |
YoY Change | 2.61% | 2.61% | -2.55% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $35.50M | $35.50M | $47.70M |
YoY Change | -25.58% | -25.58% | 37.46% |
Accrued Expenses | $119.3M | $119.3M | $193.8M |
YoY Change | 47.65% | -38.44% | 148.78% |
Deferred Revenue | $59.50M | ||
YoY Change | 3.84% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $82.90M | $82.90M | $445.9M |
YoY Change | -81.41% | -81.41% | |
Total Short-Term Liabilities | $360.4M | $360.4M | $745.6M |
YoY Change | -51.66% | -51.66% | 532.4% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.619B | $1.619B | $1.191B |
YoY Change | 35.91% | 35.91% | -37.83% |
Other Long-Term Liabilities | $116.9M | $116.9M | $167.2M |
YoY Change | 717.48% | -30.08% | 6.77% |
Total Long-Term Liabilities | $1.736B | $1.736B | $1.358B |
YoY Change | 27.78% | 27.78% | -34.46% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $360.4M | $360.4M | $745.6M |
Total Long-Term Liabilities | $1.736B | $1.736B | $1.358B |
Total Liabilities | $2.096B | $2.096B | $2.104B |
YoY Change | -0.37% | -0.37% | -3.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.359B | ||
YoY Change | -1.6% | ||
Common Stock | $363.7M | ||
YoY Change | -84.11% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $8.900M | ||
YoY Change | -9.18% | ||
Treasury Stock Shares | |||
Shareholders Equity | $984.0M | $984.0M | $897.8M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.080B | $3.080B | $3.002B |
YoY Change | 2.61% | 2.61% | -2.55% |
Cashflow Statement
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $28.40M | $22.10M | -$292.8M |
YoY Change | -233.33% | -107.55% | 51.71% |
Depreciation, Depletion And Amortization | $30.80M | $117.4M | $116.5M |
YoY Change | 8.83% | 0.77% | -2.59% |
Cash From Operating Activities | -$79.60M | -$50.90M | $62.50M |
YoY Change | -202.71% | -181.44% | -206.11% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $35.50M | $114.0M | $83.30M |
YoY Change | -10.13% | 36.85% | -540.74% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $9.800M | $700.0K |
YoY Change | 1300.0% | -98.83% | |
Cash From Investing Activities | -$35.50M | -$104.2M | -$82.60M |
YoY Change | -10.13% | 26.15% | -301.96% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $48.00M | $58.30M | $298.1M |
YoY Change | -80.44% | 565.4% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 123.2M | 139.2M | $92.60M |
YoY Change | -159.95% | 50.32% | 106.7% |
NET CHANGE | |||
Cash From Operating Activities | -79.60M | -50.90M | $62.50M |
Cash From Investing Activities | -35.50M | -104.2M | -$82.60M |
Cash From Financing Activities | 123.2M | 139.2M | $92.60M |
Net Change In Cash | 8.100M | -15.90M | $72.50M |
YoY Change | -104.84% | -121.93% | 170.52% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$79.60M | -$50.90M | $62.50M |
Capital Expenditures | $35.50M | $114.0M | $83.30M |
Free Cash Flow | -$115.1M | -$164.9M | -$20.80M |
YoY Change | -402.89% | 692.79% | -48.0% |
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Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023 | dei |
Auditor Firm
AuditorFirmId
|
1128 | |
CY2023 | dei |
Auditor Name
AuditorName
|
PricewaterhouseCoopers LLP | |
CY2023 | dei |
Auditor Location
AuditorLocation
|
Watford, United Kingdom | |
CY2023 | borr |
Dayrate Revenue
DayrateRevenue
|
642000000.0 | usd |
CY2022 | borr |
Dayrate Revenue
DayrateRevenue
|
358700000 | usd |
CY2021 | borr |
Dayrate Revenue
DayrateRevenue
|
205800000 | usd |
CY2023 | borr |
Related Party Revenue
RelatedPartyRevenue
|
129600000 | usd |
CY2022 | borr |
Related Party Revenue
RelatedPartyRevenue
|
85100000 | usd |
CY2021 | borr |
Related Party Revenue
RelatedPartyRevenue
|
39500000 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
771600000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
443800000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
245300000 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
600000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
4200000 | usd |
CY2023 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
359300000 | usd |
CY2022 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
264900000 | usd |
CY2021 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
180500000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
117400000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
116500000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
119600000 | usd |
CY2023 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2022 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
131700000 | usd |
CY2021 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
45100000 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
36800000 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
34700000 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
521800000 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
549900000 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
334800000 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
250400000 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-101900000 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-88300000 | usd |
CY2023 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
0 | usd |
CY2022 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
2000000.0 | usd |
CY2021 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
3600000 | usd |
CY2023 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4900000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16100000 | usd |
CY2023 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
4900000 | usd |
CY2022 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5400000 | usd |
CY2021 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
177200000 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
139200000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
99400000 | usd |
CY2023 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-26900000 | usd |
CY2022 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-41900000 | usd |
CY2021 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-15300000 | usd |
CY2023 | borr |
Finance Income Cost
FinanceIncomeCost
|
-199200000 | usd |
CY2022 | borr |
Finance Income Cost
FinanceIncomeCost
|
-175700000 | usd |
CY2021 | borr |
Finance Income Cost
FinanceIncomeCost
|
-114700000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
56100000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-274400000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-183300000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34000000.0 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18400000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9700000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22100000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-292800000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-193000000.0 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.64 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.43 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
178404637 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
134726336 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
248150614 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
178404637 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
134726336 | shares |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
22100000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-292800000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-193000000.0 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
22100000 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-292800000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-193000000.0 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-193000000.0 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-193000000.0 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
108000000.0 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
2500000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
9600000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
38400000 | usd |
CY2022Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
57400000 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
25400000 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
409900000 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
349900000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
8000000.0 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3900000 | usd |
CY2023Q4 | borr |
New Buildings
NewBuildings
|
5400000 | usd |
CY2022Q4 | borr |
New Buildings
NewBuildings
|
3500000 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2589100000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
20600000 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
26700000 | usd |
CY2022Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
2651800000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
3001700000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
47700000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
80800000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
77700000 | usd |
CY2022Q4 | us-gaap |
Debt Current
DebtCurrent
|
445900000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
57300000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
36200000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
745600000 | usd |
CY2022Q4 | borr |
Accrued Interest Payable Non Current
AccruedInterestPayableNonCurrent
|
29700000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1191100000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
68700000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
14300000 | usd |
CY2022Q4 | borr |
Onerous Contract Obligation Noncurrent
OnerousContractObligationNoncurrent
|
54500000 | usd |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1358300000 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
2103900000 | usd |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
255000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
252582036 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
228948087 | shares |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
23000000.0 | usd |
CY2023Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
8900000 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
9800000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
337200000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2265600000 | usd |
CY2023Q4 | borr |
Contributed Surplus
ContributedSurplus
|
1988100000 | usd |
CY2022Q4 | borr |
Contributed Surplus
ContributedSurplus
|
0 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1358900000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1381000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
984000000.0 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
897800000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3080100000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3001700000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
22100000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-292800000 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-193000000.0 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5600000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2600000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
900000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
117400000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
116500000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
119600000 | usd |
CY2023 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2022 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
131700000 | usd |
CY2021 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2023 | borr |
Amortization Of Deferred Mobilization And Contract Preparation Costs
AmortizationOfDeferredMobilizationAndContractPreparationCosts
|
44600000 | usd |
CY2022 | borr |
Amortization Of Deferred Mobilization And Contract Preparation Costs
AmortizationOfDeferredMobilizationAndContractPreparationCosts
|
36700000 | usd |
CY2021 | borr |
Amortization Of Deferred Mobilization And Contract Preparation Costs
AmortizationOfDeferredMobilizationAndContractPreparationCosts
|
12600000 | usd |
CY2023 | borr |
Amortization Of Deferred Mobilization Demobilization And Other Revenue
AmortizationOfDeferredMobilizationDemobilizationAndOtherRevenue
|
61900000 | usd |
CY2022 | borr |
Amortization Of Deferred Mobilization Demobilization And Other Revenue
AmortizationOfDeferredMobilizationDemobilizationAndOtherRevenue
|
22100000 | usd |
CY2021 | borr |
Amortization Of Deferred Mobilization Demobilization And Other Revenue
AmortizationOfDeferredMobilizationDemobilizationAndOtherRevenue
|
5900000 | usd |
CY2023 | borr |
Gain Loss On Disposition Of Property Plant Equipment And Other Non Operating Income
GainLossOnDispositionOfPropertyPlantEquipmentAndOtherNonOperatingIncome
|
600000 | usd |
CY2022 | borr |
Gain Loss On Disposition Of Property Plant Equipment And Other Non Operating Income
GainLossOnDispositionOfPropertyPlantEquipmentAndOtherNonOperatingIncome
|
4200000 | usd |
CY2021 | borr |
Gain Loss On Disposition Of Property Plant Equipment And Other Non Operating Income
GainLossOnDispositionOfPropertyPlantEquipmentAndOtherNonOperatingIncome
|
4800000 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1000000.0 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd |
CY2023 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
21300000 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
7900000 | usd |
CY2021 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
6500000 | usd |
CY2023 | borr |
Non Cash Portion Of Bank Commitment Guarantee And Other Fees
NonCashPortionOfBankCommitmentGuaranteeAndOtherFees
|
-2900000 | usd |
CY2022 | borr |
Non Cash Portion Of Bank Commitment Guarantee And Other Fees
NonCashPortionOfBankCommitmentGuaranteeAndOtherFees
|
15700000 | usd |
CY2021 | borr |
Non Cash Portion Of Bank Commitment Guarantee And Other Fees
NonCashPortionOfBankCommitmentGuaranteeAndOtherFees
|
0 | usd |
CY2023 | borr |
Effective Interest Rate Adjustments Debt Instrument
EffectiveInterestRateAdjustmentsDebtInstrument
|
-19700000 | usd |
CY2022 | borr |
Effective Interest Rate Adjustments Debt Instrument
EffectiveInterestRateAdjustmentsDebtInstrument
|
2800000 | usd |
CY2021 | borr |
Effective Interest Rate Adjustments Debt Instrument
EffectiveInterestRateAdjustmentsDebtInstrument
|
3700000 | usd |
CY2023 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4900000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16100000 | usd |
CY2023 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-16500000 | usd |
CY2022 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-2100000 | usd |
CY2021 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-500000 | usd |
CY2023 | borr |
Increase Decrease In Due From To Related Parties
IncreaseDecreaseInDueFromToRelatedParties
|
29400000 | usd |
CY2022 | borr |
Increase Decrease In Due From To Related Parties
IncreaseDecreaseInDueFromToRelatedParties
|
17000000.0 | usd |
CY2021 | borr |
Increase Decrease In Due From To Related Parties
IncreaseDecreaseInDueFromToRelatedParties
|
13700000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
2100000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
89800000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
10300000 | usd |
CY2023 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-66100000 | usd |
CY2022 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-35800000 | usd |
CY2021 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
29000000.0 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
107700000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
139200000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
24100000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
44900000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
173200000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
16600000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-50700000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
62500000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-58900000 | usd |
CY2023 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
1500000 | usd |
CY2022 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
1800000 | usd |
CY2021 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
100000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
700000 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2700000 | usd |
CY2023 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
9800000 | usd |
CY2023 | borr |
Addition To Newbuild Jackup Rigs
AdditionToNewbuildJackupRigs
|
1300000 | usd |
CY2022 | borr |
Addition To Newbuild Jackup Rigs
AdditionToNewbuildJackupRigs
|
0 | usd |
CY2021 | borr |
Addition To Newbuild Jackup Rigs
AdditionToNewbuildJackupRigs
|
0 | usd |
CY2023 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
111200000 | usd |
CY2022 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
81500000 | usd |
CY2021 | us-gaap |
Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
|
18800000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-104200000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-82600000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
40900000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
58100000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
298100000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
44800000 | usd |
CY2023 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1800600000 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
355500000 | usd |
CY2021 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | usd |
CY2023 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
1881500000 | usd |
CY2022 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
150000000.0 | usd |
CY2021 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
0 | usd |
CY2023 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
800000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2021 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
CY2023 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
800000 | usd |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
139000000.0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
92600000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
44800000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-15900000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
72500000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
26800000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
118500000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
46000000.0 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19200000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
102600000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
118500000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
46000000.0 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
83900000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
83900000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
57200000 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
38200000 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
16200000 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
16200000 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-800000 | usd |
CY2023 | borr |
Non Cash Offset In Respect Of Jack Up Drilling Rigs Debt
NonCashOffsetInRespectOfJackUpDrillingRigsDebt
|
0 | usd |
CY2022 | borr |
Non Cash Offset In Respect Of Jack Up Drilling Rigs Debt
NonCashOffsetInRespectOfJackUpDrillingRigsDebt
|
87000000.0 | usd |
CY2021 | borr |
Non Cash Offset In Respect Of Jack Up Drilling Rigs Debt
NonCashOffsetInRespectOfJackUpDrillingRigsDebt
|
0 | usd |
CY2023 | borr |
Non Cash Offset In Respect Of Jack Up Drilling Rigs Accrued Interest
NonCashOffsetInRespectOfJackUpDrillingRigsAccruedInterest
|
0 | usd |
CY2022 | borr |
Non Cash Offset In Respect Of Jack Up Drilling Rigs Accrued Interest
NonCashOffsetInRespectOfJackUpDrillingRigsAccruedInterest
|
33000000.0 | usd |
CY2021 | borr |
Stock Issued During Period Value New Issues Including Including Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodValueNewIssuesIncludingIncludingSharesSubsequentlyRepurchasedIntoTreasury
|
46000000.0 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
900000 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-193000000.0 | usd |
CY2022 | borr |
Stock Issued During Period Value New Issues Including Including Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodValueNewIssuesIncludingIncludingSharesSubsequentlyRepurchasedIntoTreasury
|
313800000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
15700000 | usd |
CY2022 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
0 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-292800000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
897800000 | usd |
CY2023 | borr |
Stock Issued During Period Value New Issues Including Including Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodValueNewIssuesIncludingIncludingSharesSubsequentlyRepurchasedIntoTreasury
|
61300000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
1700000 | usd |
CY2023 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
800000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Ownshare Lending Arrangement Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts
|
10900000 | usd |
CY2023 | borr |
Adjustments To Additional Paid In Capital Transfer To Contributed Surplus
AdjustmentsToAdditionalPaidInCapitalTransferToContributedSurplus
|
0 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6300000 | usd |
CY2023 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
11900000 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
22100000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
984000000.0 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1 - General</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Borr Drilling Limited was incorporated in Bermuda on August 8, 2016. We are listed on the Oslo Stock Exchange and on the New York Stock Exchange under the ticker “BORR”. Borr Drilling Limited is an international offshore drilling contractor providing services to the oil and gas industry. Our primary business is the ownership, contracting and operation of modern jack-up drilling rigs for operations in shallow-water areas (i.e., in water depths of approximately 400 feet), including the provisi</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">on of related equipment and work crews to conduct drilling of oil and gas wells and workover operations for exploration and production customers. As of December 31, 2023, we had 22 premium jack-up rigs and had agreed to purchase two additional premium jack-up rigs under construction, which are scheduled for delivery in 2024.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As used herein, and unless otherwise required by the context, the terms “Company”, “Borr”, “we,” “Group”, “our” and words of similar nature refer to Borr Drilling Limited and its consolidated companies. The use herein of such terms as “group”, “organization”, “we”, “us”, “our” and “its”, or references to specific entities, is not intended to be a precise description of corporate relationships.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Going concern</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements have been prepared on a going concern basis. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In our previous reports, except for the period ending September 30, 2023, we had disclosed a substantial doubt over our ability to continue as a going concern due to us incurring significant losses since inception and our potential dependence on additional financing in order to meet our existing capital expenditure commitments, working capital requirements and our debt obligations expected in the next 12 months.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">With the execution of our comprehensive refinancing in October and November 2023, which included the issuance of our $1.54 billion Notes, new $180.0 million Super Senior Credit Facility (comprised of a $150 million Revolving Credit Facility ("RCF") and a $30.0 million Guarantee Facility), $50.0 million equity raise, and issuance of additional $200.0 million under the same terms and conditions as the $1.025 billion 2028 Notes in March 2024, we believe that our cash flow from operations, together with the $150 million undrawn under our RCF and our cash and cash equivalents, will meet our anticipated capital expenditure commitments, working capital requirements, our debt obligations and allow us to meet our debt covenants, for the next 12 months following the date of issue of the financial statements.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The financial statements included in this report have been prepared on a going concern basis of accounting, which presumes that we will be able to realize our assets and discharge our liabilities in the normal course of business as they come due. Financial information in this report does not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that would be necessary if we were unable to realize our assets and settle our liabilities as a going concern in the normal course of operations. Such adjustments could be material.</span></div> | |
CY2023Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
50000000 | usd |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.05 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with U.S. GAAP requires that management make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In assessing the recoverability of our jack-up rigs' carrying amounts, we make assumptions regarding estimated future cash flows, estimates in respect of residual or scrap values, utilization, dayrates, operating and maintenance expenses and capital expenditures.</span></div> | |
CY2022 | borr |
Operating Income Loss Including Income Loss From Equity Method Investments
OperatingIncomeLossIncludingIncomeLossFromEquityMethodInvestments
|
-100700000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
3001700000 | usd |
CY2021 | borr |
Dayrate Revenue
DayrateRevenue
|
205800000 | usd |
CY2021 | borr |
Related Party Revenue
RelatedPartyRevenue
|
39500000 | usd |
CY2021 | borr |
Intersegment Revenue
IntersegmentRevenue
|
0 | usd |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1200000 | usd |
CY2021 | borr |
Operating And Maintenance Expense Rigs
OperatingAndMaintenanceExpenseRigs
|
180500000 | usd |
CY2021 | borr |
Expenses From Contract With Customer
ExpensesFromContractWithCustomer
|
0 | usd |
CY2021 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
119600000 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
34700000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16100000 | usd |
CY2021Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2023 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2021 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment |
CY2023 | borr |
Dayrate Revenue
DayrateRevenue
|
642000000.0 | usd |
CY2023 | borr |
Related Party Revenue
RelatedPartyRevenue
|
129600000 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
600000 | usd |
CY2023 | borr |
Operating And Maintenance Expense Rigs
OperatingAndMaintenanceExpenseRigs
|
359300000 | usd |
CY2023 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
117400000 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
45100000 | usd |
CY2023 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4900000 | usd |
CY2023 | borr |
Operating Income Loss Including Income Loss From Equity Method Investments
OperatingIncomeLossIncludingIncomeLossFromEquityMethodInvestments
|
255300000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
3080100000 | usd |
CY2022 | borr |
Dayrate Revenue
DayrateRevenue
|
358700000 | usd |
CY2022 | borr |
Related Party Revenue
RelatedPartyRevenue
|
85100000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
4200000 | usd |
CY2022 | borr |
Operating And Maintenance Expense Rigs
OperatingAndMaintenanceExpenseRigs
|
264900000 | usd |
CY2022 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
116500000 | usd |
CY2022 | borr |
Impairment Of Non Current Assets
ImpairmentOfNonCurrentAssets
|
131700000 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
36800000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | usd |
CY2021 | borr |
Operating Income Loss Including Income Loss From Equity Method Investments
OperatingIncomeLossIncludingIncomeLossFromEquityMethodInvestments
|
-72200000 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
3080300000 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
771600000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
443800000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
245300000 | usd |
CY2023Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
73700000 | usd |
CY2022Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
57400000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
73700000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
57400000 | usd |
CY2023Q4 | borr |
Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
|
2300000 | usd |
CY2022Q4 | borr |
Unbilled Receivables Non Current
UnbilledReceivablesNonCurrent
|
3800000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
2300000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
|
3800000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
76000000.0 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
61200000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
59500000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
57300000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
59500000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
57300000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
56600000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
68700000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
56600000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
68700000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
116100000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
126000000.0 | usd |
CY2023Q4 | borr |
Liquidated Damages Costs Current
LiquidatedDamagesCostsCurrent
|
1200000 | usd |
CY2022Q4 | borr |
Liquidated Damages Costs Current
LiquidatedDamagesCostsCurrent
|
900000 | usd |
CY2023Q4 | borr |
Number Of Contracts With Delayed Start Date
NumberOfContractsWithDelayedStartDate
|
2 | contract |
CY2023Q4 | borr |
Liquidated Damages Costs Noncurrent
LiquidatedDamagesCostsNoncurrent
|
800000 | usd |
CY2022Q4 | borr |
Liquidated Damages Costs Noncurrent
LiquidatedDamagesCostsNoncurrent
|
2300000 | usd |
CY2023Q4 | borr |
Number Of Contracts With Delayed Start Date
NumberOfContractsWithDelayedStartDate
|
2 | contract |
CY2021Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
20200000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
6400000 | usd |
CY2022 | borr |
Contract With Customer Asset Performance Obligation Satisfied During Reporting Period
ContractWithCustomerAssetPerformanceObligationSatisfiedDuringReportingPeriod
|
55100000 | usd |
CY2022 | borr |
Amortization Of Revenue Contract Liability
AmortizationOfRevenueContractLiability
|
22100000 | usd |
CY2022 | borr |
Unbilled Demobilization Revenue Contract Asset
UnbilledDemobilizationRevenueContractAsset
|
2200000 | usd |
CY2022 | borr |
Unbilled Variable Rate Revenue Contract Asset
UnbilledVariableRateRevenueContractAsset
|
3900000 | usd |
CY2022 | borr |
Contract With Customer Liabilities Performance Obligation Satisfied Over Time
ContractWithCustomerLiabilitiesPerformanceObligationSatisfiedOverTime
|
2200000 | usd |
CY2022 | borr |
Cash Received Contract Liability
CashReceivedContractLiability
|
139500000 | usd |
CY2022 | borr |
Cash Received Contract Asset
CashReceivedContractAsset
|
20200000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
61200000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
126000000.0 | usd |
CY2023 | borr |
Contract With Customer Asset Performance Obligation Satisfied During Reporting Period
ContractWithCustomerAssetPerformanceObligationSatisfiedDuringReportingPeriod
|
62600000 | usd |
CY2023 | borr |
Amortization Of Revenue Contract Liability
AmortizationOfRevenueContractLiability
|
61900000 | usd |
CY2023 | borr |
Unbilled Demobilization Revenue Contract Asset
UnbilledDemobilizationRevenueContractAsset
|
400000 | usd |
CY2023 | borr |
Unbilled Variable Rate Revenue Contract Asset
UnbilledVariableRateRevenueContractAsset
|
11900000 | usd |
CY2023 | borr |
Contract With Customer Liabilities Performance Obligation Satisfied Over Time
ContractWithCustomerLiabilitiesPerformanceObligationSatisfiedOverTime
|
400000 | usd |
CY2023 | borr |
Cash Received Contract Liability
CashReceivedContractLiability
|
51600000 | usd |
CY2023 | borr |
Cash Received Contract Asset
CashReceivedContractAsset
|
60100000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
76000000.0 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
116100000 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
771600000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
443800000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
245300000 | usd |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
652300000 | usd |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
445100000 | usd |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
118000000.0 | usd |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
93400000 | usd |
CY2023Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
39400000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
38400000 | usd |
CY2023Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
42600000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
17100000 | usd |
CY2023Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
82000000.0 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
55500000 | usd |
CY2023 | borr |
Increase Decrease In Deferred Contract Cost
IncreaseDecreaseInDeferredContractCost
|
26500000 | usd |
CY2023 | borr |
Capitalized Contract Cost Additional Cost Capitalized
CapitalizedContractCostAdditionalCostCapitalized
|
71100000 | usd |
CY2023 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
44600000 | usd |
CY2022 | borr |
Increase Decrease In Deferred Contract Cost
IncreaseDecreaseInDeferredContractCost
|
33900000 | usd |
CY2022 | borr |
Capitalized Contract Cost Additional Cost Capitalized
CapitalizedContractCostAdditionalCostCapitalized
|
70600000 | usd |
CY2022 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
36700000 | usd |
CY2023 | borr |
Proceeds From Sale Of Property Plant And Equipment Including Non Cash Portion
ProceedsFromSaleOfPropertyPlantAndEquipmentIncludingNonCashPortion
|
600000 | usd |
CY2023 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
0.0 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
600000 | usd |
CY2022 | borr |
Proceeds From Sale Of Property Plant And Equipment Including Non Cash Portion
ProceedsFromSaleOfPropertyPlantAndEquipmentIncludingNonCashPortion
|
131500000 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
127300000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
4200000 | usd |
CY2021 | borr |
Proceeds From Sale Of Property Plant And Equipment Including Non Cash Portion
ProceedsFromSaleOfPropertyPlantAndEquipmentIncludingNonCashPortion
|
5700000 | usd |
CY2021 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
4500000 | usd |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1200000 | usd |
CY2021Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
19400000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
20600000 | usd |
CY2023 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
9800000 | usd |
CY2023 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4900000 | usd |
CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
15700000 | usd |
CY2023 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
157400000 | usd |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
125400000 | usd |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
92900000 | usd |
CY2023 | borr |
Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
|
19400000 | usd |
CY2022 | borr |
Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
|
7800000 | usd |
CY2021 | borr |
Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
|
0 | usd |
CY2023 | borr |
Amortization Of Deferred Charges Excluding Portion Reported As Loss On Debt Extinguishment
AmortizationOfDeferredChargesExcludingPortionReportedAsLossOnDebtExtinguishment
|
10300000 | usd |
CY2022 | borr |
Amortization Of Deferred Charges Excluding Portion Reported As Loss On Debt Extinguishment
AmortizationOfDeferredChargesExcludingPortionReportedAsLossOnDebtExtinguishment
|
7900000 | usd |
CY2021 | borr |
Amortization Of Deferred Charges Excluding Portion Reported As Loss On Debt Extinguishment
AmortizationOfDeferredChargesExcludingPortionReportedAsLossOnDebtExtinguishment
|
6500000 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1000000.0 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd |
CY2023 | borr |
Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
|
10900000 | usd |
CY2022 | borr |
Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
|
1900000 | usd |
CY2021 | borr |
Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
|
0 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
177200000 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
139200000 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
99400000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-92200000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-44100000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-68100000 | usd |
CY2023 | borr |
Yard Cost Cover Expense
YardCostCoverExpense
|
22100000 | usd |
CY2022 | borr |
Yard Cost Cover Expense
YardCostCoverExpense
|
28200000 | usd |
CY2021 | borr |
Yard Cost Cover Expense
YardCostCoverExpense
|
12800000 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2800000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-900000 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2800000 | usd |
CY2023 | borr |
Bank Commitment Guarantee And Other Fees
BankCommitmentGuaranteeAndOtherFees
|
2300000 | usd |
CY2022 | borr |
Bank Commitment Guarantee And Other Fees
BankCommitmentGuaranteeAndOtherFees
|
12700000 | usd |
CY2021 | borr |
Bank Commitment Guarantee And Other Fees
BankCommitmentGuaranteeAndOtherFees
|
4200000 | usd |
CY2023 | borr |
Other Miscellaneous Financial Income Expense
OtherMiscellaneousFinancialIncomeExpense
|
300000 | usd |
CY2022 | borr |
Other Miscellaneous Financial Income Expense
OtherMiscellaneousFinancialIncomeExpense
|
-100000 | usd |
CY2021 | borr |
Other Miscellaneous Financial Income Expense
OtherMiscellaneousFinancialIncomeExpense
|
4500000 | usd |
CY2023 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-26900000 | usd |
CY2022 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-41900000 | usd |
CY2021 | borr |
Other Financial Income Expense
OtherFinancialIncomeExpense
|
-15300000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
10700000 | usd |
CY2023Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
0 | usd |
CY2022 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
7900000 | usd |
CY2021 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
6500000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
148300000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-230300000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-115200000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
56100000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-274400000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-183300000 | usd |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
50500000 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
20500000 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
10200000 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-16500000 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2100000 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-500000 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34000000.0 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18400000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9700000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.6061 | |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
56100000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
1.0125 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.0720 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.0664 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.0339 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.0067 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.0160 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.2941 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.1462 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0018 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0026 | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.6061 | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0671 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0530 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17600000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17700000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
14700000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
45000000.0 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
20600000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
17900000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
52900000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
80600000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
33600000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
77100000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
19300000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3500000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
700000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
19300000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
2800000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
11300000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
6200000 | usd |
CY2023 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
300000 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
0 | usd |
CY2023 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
9500000 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
0 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
2100000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
6200000 | usd |
CY2023 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
1100000 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
5100000 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
3200000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
11300000 | usd |
CY2023 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
1100000 | usd |
CY2022 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
500000 | usd |
CY2021 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
400000 | usd |
CY2023 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
9500000 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
3200000 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
3200000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
11300000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
11300000 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.64 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.43 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.64 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.43 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
264080391 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
137218175 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
244270405 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
178404637 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
134726336 | shares |
CY2023 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3880209 | shares |
CY2022 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2021 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
248150614 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
178404637 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
134726336 | shares |
CY2023Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
7.2971 | |
CY2023Q4 | borr |
Restricted Cash Relating To The Issuance Of Guarantees
RestrictedCashRelatingToTheIssuanceOfGuarantees
|
0 | usd |
CY2022Q4 | borr |
Restricted Cash Relating To The Issuance Of Guarantees
RestrictedCashRelatingToTheIssuanceOfGuarantees
|
10100000 | usd |
CY2023Q4 | borr |
Restricted Cash Relating To Others
RestrictedCashRelatingToOthers
|
100000 | usd |
CY2022Q4 | borr |
Restricted Cash Relating To Others
RestrictedCashRelatingToOthers
|
400000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
100000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
10500000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
100000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
2500000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
8000000.0 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
4500000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
800000 | usd |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
200000 | usd |
CY2022 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
700000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
300000 | usd |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
600000 | usd |
CY2023 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
900000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2023Q4 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
16500000 | usd |
CY2022Q4 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
9400000 | usd |
CY2023Q4 | borr |
Client Rechargeable Current
ClientRechargeableCurrent
|
5300000 | usd |
CY2022Q4 | borr |
Client Rechargeable Current
ClientRechargeableCurrent
|
4600000 | usd |
CY2023Q4 | borr |
Receivable For Taxes Other Than Income Taxes Current
ReceivableForTaxesOtherThanIncomeTaxesCurrent
|
4700000 | usd |
CY2022Q4 | borr |
Receivable For Taxes Other Than Income Taxes Current
ReceivableForTaxesOtherThanIncomeTaxesCurrent
|
5200000 | usd |
CY2023Q4 | borr |
Deferred Financing Fee Current
DeferredFinancingFeeCurrent
|
500000 | usd |
CY2022Q4 | borr |
Deferred Financing Fee Current
DeferredFinancingFeeCurrent
|
0 | usd |
CY2023Q4 | borr |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
500000 | usd |
CY2022Q4 | borr |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
500000 | usd |
CY2023Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
0 | usd |
CY2022Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1100000 | usd |
CY2022Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
4600000 | usd |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
32000000.0 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
25400000 | usd |
CY2022Q4 | borr |
New Buildings
NewBuildings
|
3500000 | usd |
CY2021Q4 | borr |
New Buildings
NewBuildings
|
135500000 | usd |
CY2023 | borr |
New Buildings Additions
NewBuildingsAdditions
|
1900000 | usd |
CY2022 | borr |
New Buildings Additions
NewBuildingsAdditions
|
0 | usd |
CY2023 | borr |
New Buildings Disposals
NewBuildingsDisposals
|
0 | usd |
CY2022 | borr |
New Buildings Disposals
NewBuildingsDisposals
|
7600000 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
124400000 | usd |
CY2023Q4 | borr |
New Buildings
NewBuildings
|
5400000 | usd |
CY2022Q4 | borr |
New Buildings
NewBuildings
|
3500000 | usd |
CY2022Q2 | borr |
Number Of Newbuild Jack Up Rigs For Sale Per Letter Of Intent Agreement
NumberOfNewbuildJackUpRigsForSalePerLetterOfIntentAgreement
|
3 | rig |
CY2022Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2589100000 | usd |
CY2021Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2730800000 | usd |
CY2023 | borr |
Jack Up Drilling Rigs Additions
JackUpDrillingRigsAdditions
|
104700000 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Additions
JackUpDrillingRigsAdditions
|
100200000 | usd |
CY2023 | borr |
Jack Up Drilling Rigs Depreciation And Amortization
JackUpDrillingRigsDepreciationAndAmortization
|
115500000 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Depreciation And Amortization
JackUpDrillingRigsDepreciationAndAmortization
|
114900000 | usd |
CY2023 | borr |
Jack Up Drilling Rigs Disposals
JackUpDrillingRigsDisposals
|
0 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Disposals
JackUpDrillingRigsDisposals
|
119700000 | usd |
CY2023 | borr |
Jack Up Drilling Rigs Impairment
JackUpDrillingRigsImpairment
|
0 | usd |
CY2022 | borr |
Jack Up Drilling Rigs Impairment
JackUpDrillingRigsImpairment
|
7300000 | usd |
CY2023Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2578300000 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs
JackUpDrillingRigs
|
2589100000 | usd |
CY2023Q4 | borr |
Accumulated Depreciation Depletion And Amortization Jack Up Rigs
AccumulatedDepreciationDepletionAndAmortizationJackUpRigs
|
598100000 | usd |
CY2022Q4 | borr |
Accumulated Depreciation Depletion And Amortization Jack Up Rigs
AccumulatedDepreciationDepletionAndAmortizationJackUpRigs
|
482600000 | usd |
CY2023 | borr |
Property Plant And Equipment Depreciation
PropertyPlantAndEquipmentDepreciation
|
1900000 | usd |
CY2022 | borr |
Property Plant And Equipment Depreciation
PropertyPlantAndEquipmentDepreciation
|
1600000 | usd |
CY2021 | borr |
Property Plant And Equipment Depreciation
PropertyPlantAndEquipmentDepreciation
|
2000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7100000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5200000 | usd |
CY2023 | borr |
Number Of Jack Up Rigs With Impairment Indication
NumberOfJackUpRigsWithImpairmentIndication
|
7 | rig |
CY2023 | borr |
Reasonably Possible Decrease In Day Rates And Utilization
ReasonablyPossibleDecreaseInDayRatesAndUtilization
|
0.10 | |
CY2018 | borr |
Number Of Onerous Leases
NumberOfOnerousLeases
|
2 | lease |
CY2023Q4 | borr |
Operating Lease Right Of Use Asset Current And Non Current
OperatingLeaseRightOfUseAssetCurrentAndNonCurrent
|
1600000 | usd |
CY2022Q4 | borr |
Operating Lease Right Of Use Asset Current And Non Current
OperatingLeaseRightOfUseAssetCurrentAndNonCurrent
|
2200000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
500000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
500000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1100000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1700000 | usd |
CY2023Q4 | borr |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
500000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1100000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y2M12D | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.066 | |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
12500000 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
7900000 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
12500000 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
7900000 | usd |
CY2023 | us-gaap |
Sublease Income
SubleaseIncome
|
0 | usd |
CY2022 | us-gaap |
Sublease Income
SubleaseIncome
|
300000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
600000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
600000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
300000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
300000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
300000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
0 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
2100000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
500000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1600000 | usd |
CY2023Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
42600000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
17100000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
19300000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
3500000 | usd |
CY2023Q4 | borr |
Deferred Financing Fee Noncurrent
DeferredFinancingFeeNoncurrent
|
1700000 | usd |
CY2022Q4 | borr |
Deferred Financing Fee Noncurrent
DeferredFinancingFeeNoncurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1100000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1700000 | usd |
CY2023Q4 | borr |
Liquidated Damages Costs Noncurrent
LiquidatedDamagesCostsNoncurrent
|
800000 | usd |
CY2022Q4 | borr |
Liquidated Damages Costs Noncurrent
LiquidatedDamagesCostsNoncurrent
|
2300000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
300000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
200000 | usd |
CY2023Q4 | us-gaap |
Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
|
400000 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
67300000 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
26700000 | usd |
CY2023Q4 | borr |
Number Of Rigs To Be Billed Upon Completion
NumberOfRigsToBeBilledUponCompletion
|
2 | rig |
CY2023Q4 | borr |
Number Of Contracts With Delayed Start Date
NumberOfContractsWithDelayedStartDate
|
2 | contract |
CY2023Q4 | borr |
Accrued Goods And Services Received Not Invoiced Current
AccruedGoodsAndServicesReceivedNotInvoicedCurrent
|
19700000 | usd |
CY2022Q4 | borr |
Accrued Goods And Services Received Not Invoiced Current
AccruedGoodsAndServicesReceivedNotInvoicedCurrent
|
22200000 | usd |
CY2023Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
12300000 | usd |
CY2022Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
8600000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
45000000.0 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
50000000.0 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
77000000.0 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
80800000 | usd |
CY2023Q4 | borr |
Other Taxes Payable Current
OtherTaxesPayableCurrent
|
19700000 | usd |
CY2022Q4 | borr |
Other Taxes Payable Current
OtherTaxesPayableCurrent
|
11400000 | usd |
CY2023Q4 | borr |
Value Added Tax Payable Current
ValueAddedTaxPayableCurrent
|
17500000 | usd |
CY2022Q4 | borr |
Value Added Tax Payable Current
ValueAddedTaxPayableCurrent
|
22700000 | usd |
CY2023Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
11900000 | usd |
CY2022Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
6700000 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
800000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
200000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
500000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
500000 | usd |
CY2023Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
6100000 | usd |
CY2022Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
1400000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
63200000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
36200000 | usd |
CY2023Q4 | borr |
Current Loans Payable Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
CurrentLoansPayableOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
100000000.0 | usd |
CY2022Q4 | borr |
Current Loans Payable Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
CurrentLoansPayableOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
450000000.0 | usd |
CY2023Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
10300000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
4900000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
6800000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Debt Current
DebtCurrent
|
82900000 | usd |
CY2022Q4 | us-gaap |
Debt Current
DebtCurrent
|
445900000 | usd |
CY2023Q4 | borr |
Long Term Debt Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
LongTermDebtOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
1690000000 | usd |
CY2022Q4 | borr |
Long Term Debt Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
LongTermDebtOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
1132800000 | usd |
CY2023Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
40500000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
6400000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
|
30700000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1191100000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
|
0 | usd |
CY2023Q4 | borr |
Debt Instrument Interest Rate Effective Adjustment Increase Decrease
DebtInstrumentInterestRateEffectiveAdjustmentIncreaseDecrease
|
0 | usd |
CY2022Q4 | borr |
Debt Instrument Interest Rate Effective Adjustment Increase Decrease
DebtInstrumentInterestRateEffectiveAdjustmentIncreaseDecrease
|
19800000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1618800000 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
294800000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
410302 | shares |
CY2023 | borr |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageGrantDateFairValue
|
0.47 | |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2022 | borr |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageGrantDateFairValue
|
0 | |
CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
100000000.0 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
100000000.0 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
100000000.0 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
100000000.0 | usd |
CY2023Q4 | borr |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
1390000000 | usd |
CY2023Q4 | borr |
Total Debt Outstanding Prior To Backend Fees Effective Interest Rate Adjustments And Deferred Finance Charges
TotalDebtOutstandingPriorToBackendFeesEffectiveInterestRateAdjustmentsAndDeferredFinanceCharges
|
1790000000 | usd |
CY2022Q3 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
274900000 | usd |
borr |
Number Of Rigs Deliveries Deferred
NumberOfRigsDeliveriesDeferred
|
2 | rig | |
CY2023Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
50000000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
50000000 | usd |
CY2023 | borr |
Number Of Jack Up Rigs Completed
NumberOfJackUpRigsCompleted
|
22 | rig |
CY2023Q4 | borr |
Onerous Rig Construction Contracts Acquired
OnerousRigConstructionContractsAcquired
|
54500000 | usd |
CY2022Q4 | borr |
Onerous Rig Construction Contracts Acquired
OnerousRigConstructionContractsAcquired
|
54500000 | usd |
CY2023Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
319800000 | usd |
CY2022Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
294800000 | usd |
CY2023Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
319800000 | usd |
CY2023Q4 | borr |
Delivery Instalments Next Twelve Months
DeliveryInstalmentsNextTwelveMonths
|
319800000 | usd |
CY2023Q4 | borr |
Delivery Installments One To Three Years
DeliveryInstallmentsOneToThreeYears
|
0 | usd |
CY2023Q4 | borr |
Jack Up Drilling Rigs Delivery Installment
JackUpDrillingRigsDeliveryInstallment
|
319800000 | usd |
CY2023Q4 | us-gaap |
Other Commitment
OtherCommitment
|
29000000.0 | usd |
CY2022Q4 | us-gaap |
Other Commitment
OtherCommitment
|
9700000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
2578300000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
2396200000 | usd |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4600000 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2100000 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
100000 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
9445006 | shares |
CY2022Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
1.19 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5670000 | shares |
CY2021Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
0.64 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
885000 | shares |
CY2020Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
1.91 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
2100000 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.63 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
4000000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.00 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
5150000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.51 | |
CY2021 | borr |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageGrantDateFairValue
|
0 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
217506 | shares |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
0.88 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
11250 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
2.68 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
105500 | shares |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
1.24 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
227500 | shares |
CY2023 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageGrantDateFairValue
|
2.29 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
213744 | shares |
CY2022 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageGrantDateFairValue
|
1.78 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
259500 | shares |
CY2021 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageGrantDateFairValue
|
3.19 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
10689698 | shares |
CY2023Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
1.48 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
9445006 | shares |
CY2022Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
1.19 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5670000 | shares |
CY2021Q4 | borr |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
|
0.64 | |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
|
800000 | usd |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
|
400000 | usd |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
|
600000 | usd |
CY2018Q1 | borr |
Number Of Defined Benefit Pension Plans Acquired
NumberOfDefinedBenefitPensionPlansAcquired
|
2 | pensionplan |
CY2023 | borr |
Number Of Non Us Noncontributory Defined Benefit Pension Plans Sponsored
NumberOfNonUSNoncontributoryDefinedBenefitPensionPlansSponsored
|
2 | pensionplan |
CY2023 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
2200000 | usd |
CY2022 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
2400000 | usd |
CY2021 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1300000 | usd |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
255000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
180000000 | shares |
CY2022Q3 | borr |
Stock Authorized During Period Shares
StockAuthorizedDuringPeriodShares
|
40000000 | shares |
CY2022Q3 | borr |
Stock Authorized During Period Shares
StockAuthorizedDuringPeriodShares
|
35000000 | shares |
CY2023Q1 | borr |
Stock Authorized During Period Shares
StockAuthorizedDuringPeriodShares
|
60000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
315000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
255000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
137218175 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
8816793 | shares |
CY2022 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
92046404 | shares |
CY2023 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
26000000 | shares |
CY2022 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
0 | shares |
CY2023 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
0 | shares |
CY2022 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
981 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
264080391 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
264080391 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
229263598 | shares |
CY2023Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
11498355 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
315511 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
252582036 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
228948087 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
8816793 | shares |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
59800000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
92046404 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
313800000 | usd |
CY2023Q1 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
15000000 | shares |
CY2023Q1 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
10000000 | shares |
CY2023Q3 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
1000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2022Q3 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
981 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
315511 | shares |
CY2021Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
406333 | shares |
CY2023 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
26000000 | shares |
CY2022 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
0 | shares |
CY2023 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
125000 | shares |
CY2022 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
CY2023Q4 | us-gaap |
Ownshare Lending Arrangement Shares Outstanding
OwnshareLendingArrangementSharesOutstanding
|
14443270 | shares |
CY2022Q4 | us-gaap |
Ownshare Lending Arrangement Shares Outstanding
OwnshareLendingArrangementSharesOutstanding
|
0 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
410302 | shares |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2022 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
90822 | shares |
CY2023Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
11498355 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
315511 | shares |
CY2023Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
100000000 | usd |
CY2023Q4 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
125000 | shares |
CY2023Q4 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
800000 | usd |
CY2023Q4 | us-gaap |
Ownshare Lending Arrangement Shares Outstanding
OwnshareLendingArrangementSharesOutstanding
|
14443270 | shares |
CY2023Q3 | borr |
Stock Issued During Period Shares Subsequently Repurchased Into Treasury
StockIssuedDuringPeriodSharesSubsequentlyRepurchasedIntoTreasury
|
1000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2023 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
410302 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
410302 | shares |
CY2022 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
90822 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
300000 | usd |
CY2022 | borr |
Stock Issued During Period Book Value Issued For Services
StockIssuedDuringPeriodBookValueIssuedForServices
|
3900000 | usd |
CY2022 | borr |
Gain Loss On Issuance Of Treasury Shares Recognised As A Reduction In Additional Paid In Capital
GainLossOnIssuanceOfTreasurySharesRecognisedAsAReductionInAdditionalPaidInCapital
|
-3600000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
2290578712 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
290578712 | usd |