Materials and supplies are carried at average cost less an allowance for obsolescence. The allowance for obsolescence was $73 million and $70 million at December 31, 2011 and 2010, respectively.
Source: Transocean Ltd., Annual Report
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
Transocean Ltd., Statement of Financial Position, Inventory
USD $ in millions
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
|---|---|---|---|---|---|---|
 |
Materials and supplies, net | |
|
|
|
|
Source: Based on data from Transocean Ltd. Annual Reports
| Item | Description | The company |
|---|---|---|
| Materials and supplies, net | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | Transocean Ltd.'s materials and supplies, net increased from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012