6 unchanged sentences
See “ Management’s Report on Internal Control Over Financial Reporting ” and “Report of Independent Registered Public Accounting Firm ,” included in Item 8 of this annual report.
+Added: Other matters —In July 2022, we deployed a new global Enterprise Resource Planning (“ERP”) and Enterprise Performance Management (“EPM”) system, designed to optimize and standardize processes in treasury, accounting, financial planning, supply chain management, asset management and information technology.
+Added: Although we are updating our internal controls that have been affected by the ERP and EPM deployment, we do not believe it has had an adverse effect on our internal control over financial reporting.
Other Information
30 unchanged sentences
Reserves and allowances deducted from asset accounts:
+Added: Allowance for credit losses
Allowance for excess materials and supplies
10 unchanged sentences
Valuation allowance on deferred tax assets
−Removed: (a) Amount related to materials and supplies on rigs and related assets sold or classified as held for sale.
−Removed: (b) Amount related to adjustments to other deferred tax assets with valuation allowances.
−Removed: (c) Amount related to an adjustment to the allowance for credit losses with a corresponding entry to accumulated deficit associated with our adoption of the accounting standards update that requires an entity to estimate an expected lifetime credit loss on financial assets ranging from short-term trade accounts receivable to long-term financings without retrospective application.
+Added: (a) Amount related to an adjustment to the allowance for credit losses with a corresponding entry to accumulated deficit associated with our adoption of the accounting standards update that requires an entity to estimate an expected lifetime credit loss on financial assets ranging from short-term trade accounts receivable to long-term financings without retrospective application.
+Added: (b) Amount related to materials and supplies on rigs and related assets sold or classified as held for sale.
+Added: (c) Amount related to adjustments to other deferred tax assets with valuation allowances.
The following exhibits are filed or furnished herewith, as indicated, or incorporated by reference to the location indicated:
−Removed: Equity Distribution Agreement, dated as of June 14, 2021, by and between Transocean Ltd.
−Removed: and Jefferies LLC
−Removed: Exhibit 1.1 to Transocean Ltd.’s Current Report on Form 8-K (Commission File No.
−Removed: 001-38373) filed on June 15, 2021
−Removed: Agreement and Plan of Merger, dated September 3, 2018, by and among Transocean Ltd., Transocean Oceanus Holdings Limited, Transocean Oceanus Limited and Ocean Rig UDW Inc.
+Added: Articles of Association of Transocean Ltd.
Exhibit 3.1 to Transocean Ltd.’s Current Report on Form 8-K (Commission File No.
001-38373) filed on September 13, 2022
−Removed: Articles of Association of Transocean Ltd.
−Removed: Exhibit 3.1 to Transocean Ltd.’s Quarterly Report on Form 10-Q (Commission File No.
−Removed: 001-38373) for the quarter ended September 30, 2021 filed on November 2, 2021
Organizational Regulations of Transocean Ltd., amended, effective as of April 7, 2021
168 unchanged sentences
001-38373) filed on December 1, 2020.
+Added: Indenture, dated as of September 30, 2022, by and among Transocean Inc., the Guarantors and Truist Bank, as trustee
+Added: Exhibit 4.1 to Transocean Ltd.’s Current Report on Form 8-K (Commission File No.
+Added: 001-38373) filed on September 30, 2022
+Added: Warrant Agreement, dated as of September 30, 2022, by and among Transocean Inc., Transocean Ltd.
+Added: and Computershare Inc.
+Added: and Computershare Trust Company, N.A., as warrant agent
+Added: Exhibit 4.2 to Transocean Ltd.’s Current Report on Form 8-K (Commission File No.
+Added: 001-3873) filed on September 30, 2022
+Added: Fifth Amendment to Credit Agreement, dated July 27, 2022, among Transocean Inc., the lenders and issuing banks parties thereto, Citibank, N.A., as administrative agent, and for the limited purposes set forth therein, Transocean Ltd.
+Added: and certain of Transocean Inc.’s subsidiaries
+Added: Exhibit 10.1 to Transocean Ltd.’s Current Report on Form 8-K (Commission File No.
+Added: 001-38373) filed on August 1, 2022
Amended and Restated 2015 Transocean Ltd.
10 unchanged sentences
001-38373) for the quarter ended June 30, 2021 filed on August 3, 2021
−Removed: Form of Voting and Support Agreement, by and among Transocean Ltd.
−Removed: and certain shareholders of Ocean Rig UDW Inc.
−Removed: Exhibit 10.1 to Transocean Ltd.’s Current Report on Form 8-K (Commission File No.
−Removed: 001-38373) filed on September 4, 2018
−Removed: Form of Voting and Support Agreement, by and among Ocean Rig UDW Inc.
−Removed: and certain shareholders of Transocean Ltd.
−Removed: Exhibit 10.2 to Transocean Ltd.’s Current Report on Form 8-K (Commission File No.
−Removed: 001-38373) filed on September 4, 2018.
Long-Term Incentive Plan of Transocean Ltd.
45 unchanged sentences
Exhibit 10.2 to Transocean I nc.
−Removed: ’s Annual Report on Form 10-Q (Commission File No.
+Added: ’s Quarterly Report on Form 10-Q (Commission File No.
333-75899) for the quarter ended June 30, 2008
75 unchanged sentences
Exhibit 10.1 to Transocean Ltd.’s Quarterly Report on Form 10-Q (Commission File No.
−Removed: 000-53533) for the quarterly period ended June 30, 2010
+Added: 000-53533) for the quarter ended June 30, 2010
Executive Severance Benefit Policy
89 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.