Rowan Companies 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'ROWAN COMPANIES PLC	'
Entity Central Index Key	'0000085408	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	124,538,858
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'
Cash and cash equivalents	$707,729	$1,092,844
Receivables - trade and other	510,194	344,546
Prepaid expenses and other current assets	40,873	45,538
Deferred tax assets - net	41,899	22,137
Assets of discontinued operations	0	23,813
Total current assets	1,300,695	1,528,878
PROPERTY, PLANT AND EQUIPMENT:	'	'
Drilling equipment	8,103,048	7,040,451
Construction in progress	1,287,158	1,009,380
Other property and equipment	150,385	147,884
Property, plant and equipment - gross	9,540,591	8,197,715
Less accumulated depreciation and amortization	2,032,020	1,811,960
Property, plant and equipment - net	7,508,571	6,385,755
Other assets	19,514	61,128
TOTAL ASSETS	8,828,780	7,975,761
CURRENT LIABILITIES:	'	'
Accounts payable - trade	100,453	123,976
Deferred revenues	31,803	54,515
Accrued pension and other postemployment benefits	5,310	49,659
Accrued compensation and related employee costs	74,834	59,096
Accrued income taxes	3,973	8,374
Accrued interest	35,578	27,841
Other current liabilities	10,141	11,001
Liabilities of discontinued operations	0	20,122
Total current liabilities	262,092	354,584
Long-term debt	2,807,540	2,008,700
Other liabilities	238,232	289,061
Deferred income taxes - net	410,925	429,655
Commitments and contingent liabilities (Note 4)	0	0
SHAREHOLDERS' EQUITY:	'	'
Class A Ordinary Shares, $0.125 par value, 124,828,807 and 124,778,407 shares issued at September 30, 2014, and December 31, 2013, respectively	15,604	15,597
Additional paid-in capital	1,430,612	1,407,031
Retained earnings	3,806,453	3,619,540
Cost of 300,689 and 542,475 treasury shares at September 30, 2014, and December 31, 2013, respectively	-7,227	-5,962
Accumulated other comprehensive loss	-135,451	-142,445
Total shareholders' equity	5,109,991	4,893,761
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$8,828,780	$7,975,761

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
SHAREHOLDERS' EQUITY:	'	'
Treasury shares (in shares)	300,689	542,475
Common Class A [Member]	'	'
SHAREHOLDERS' EQUITY:	'	'
Common stock, par value (in dollars per share)	0.125	0.125
Common stock, shares issued (in shares)	124,828,807	124,778,407

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES	$467,692	$382,808	$1,268,172	$1,185,929
COSTS AND EXPENSES:	'	'	'	'
Direct operating costs (excluding items below)	246,907	211,827	711,854	637,340
Depreciation and amortization	81,503	69,274	230,054	200,421
Selling, general and administrative	33,040	33,263	92,057	95,957
Loss (gain) on disposals of property and equipment	58	-65	1,720	-18,979
Litigation settlement	0	0	-20,875	0
Material charges and other operating expenses	0	0	8,300	0
Total costs and expenses	361,508	314,299	1,023,110	914,739
INCOME (LOSS) FROM OPERATIONS	106,184	68,509	245,062	271,190
OTHER INCOME (EXPENSE):	'	'	'	'
Interest expense, net of interest capitalized	-25,656	-17,111	-74,308	-53,377
Interest income	372	417	1,721	1,144
Other - net	269	-368	-627	-1,605
Total other income (expense) - net	-25,015	-17,062	-73,214	-53,838
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	81,169	51,447	171,848	217,352
(Benefit) provision for income taxes	-38,428	-453	-36,165	14,474
NET INCOME FROM CONTINUING OPERATIONS	119,597	51,900	208,013	202,878
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	0	0	4,023	0
NET INCOME	$119,597	$51,900	$212,036	$202,878
INCOME PER SHARE - BASIC:	'	'	'	'
Income from continuing operations (in dollars per share)	$0.96	$0.42	$1.68	$1.64
Discontinued operations (in dollars per share)	$0	$0	$0.03	$0
Net income (in dollars per share)	$0.96	$0.42	$1.71	$1.64
INCOME PER SHARE - DILUTED:	'	'	'	'
Income from continuing operations (in dollars per share)	$0.96	$0.42	$1.67	$1.63
Discontinued operations (in dollars per share)	$0	$0	$0.03	$0
Net income (in dollars per share)	$0.96	$0.42	$1.70	$1.63
CASH DIVIDENDS DECLARED PER SHARE (in dollars per share)	$0.10	$0	$0.20	$0

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
NET INCOME	$119,597	$51,900	$212,036	$202,878
Pension and other postemployment benefit adjustments, net of income taxes of $1,313 and $1,993 for the three months ended September 30, 2014 and 2013, and $3,899 and $5,915 for the nine months ended September 30, 2014 and 2013, respectively:	'	'	'	'
Amortization of net loss	3,190	4,500	9,470	13,359
Amortization of prior service credit	-737	-799	-2,189	-2,373
Total other comprehensive income	2,453	3,701	7,281	10,986
COMPREHENSIVE INCOME	$122,050	$55,601	$219,317	$213,864

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pension and other postretirement benefit adjustments, income tax expense (benefit)	$1,313	$1,993	$3,899	$5,915

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CASH PROVIDED BY OPERATIONS:	'	'
Net income	$212,036	$202,878
Adjustments to reconcile net income to net cash provided by operations:	'	'
Depreciation and amortization	230,054	200,421
Deferred income taxes	-42,678	-9,928
Provision for pension and other postemployement benefits	18,715	22,810
Share-based compensation expense	23,904	27,319
Gain on disposals of property, plant and equipment	-193	-18,979
Other postemployment benefit claims paid	-3,129	-2,759
Contributions to pension plans	-54,251	-18,609
Asset Impairment Charges	8,300	0
Changes in current assets and liabilities:	'	'
Receivables - trade and other	-165,648	-49,233
Prepaid expenses and other current assets	4,708	-137
Accounts payable	-23,162	16,032
Accrued income taxes	-4,401	-18,653
Deferred revenues	-22,712	15,360
Other current liabilities	18,198	-24,118
Net changes in other noncurrent assets and liabilities	481	49,628
Net cash provided by operations	200,222	392,032
CASH USED IN INVESTING ACTIVITIES:	'	'
Capital expenditures	-1,367,414	-455,164
Proceeds from disposals of property, plant and equipment	9,767	42,295
Net cash used in investing activities	-1,357,647	-412,869
CASH PROVIDED BY FINANCING ACTIVITIES:	'	'
Proceeds from borrowings	793,380	0
Payments of Dividends	-25,123	0
Debt issue costs	-687	0
Excess tax benefits from share-based compensation	15	977
Proceeds from exercise of share options	4,725	2,911
Proceeds from (Payments for) Other Financing Activities	0	1,820
Net cash provided by financing activities	772,310	5,708
DECREASE IN CASH AND CASH EQUIVALENTS	-385,115	-15,129
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,092,844	1,024,008
CASH AND CASH EQUIVALENTS, END OF PERIOD	$707,729	$1,008,879

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (USD $)	Total	Class A ordinary shares/ Common stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Treasury shares [Member]	Accumulated other comprehensive income (loss) [Member]
In Thousands, unless otherwise specified
Balance at Dec. 31, 2012	$4,531,724	$15,593	$1,372,135	$3,366,964	($1,886)	($221,082)
Balance (in shares) at Dec. 31, 2012	'	124,211	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net shares issued (acquired) under share-based compensation plans	-1,718	4	2,331	0	-4,053	0
Net shares issued (acquired) under share-based compensation plans (in shares)	'	26	'	'	'	'
Share-based compensation	20,918	0	20,918	0	0	0
Excess tax benefit (shortfall) from share-based compensation plans	977	0	977	0	0	0
Retirement benefit adjustments, net of taxes	10,986	0	0	0	0	10,986
Other	1,820	0	1,820	0	0	0
Net income	202,878	0	0	202,878	0	0
Balance at Sep. 30, 2013	4,767,585	15,597	1,398,181	3,569,842	-5,939	-210,096
Balance (in shares) at Sep. 30, 2013	'	124,237	'	'	'	'
Balance at Dec. 31, 2013	4,893,761	15,597	1,407,031	3,619,540	-5,962	-142,445
Balance (in shares) at Dec. 31, 2013	'	124,237	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net shares issued (acquired) under share-based compensation plans	308	7	1,566	0	-1,265	0
Net shares issued (acquired) under share-based compensation plans (in shares)	'	291	'	'	'	'
Share-based compensation	22,000	0	22,000	0	0	0
Excess tax benefit (shortfall) from share-based compensation plans	15	0	15	0	0	0
Retirement benefit adjustments, net of taxes	7,281	0	0	0	0	7,281
Dividends, Cash	-25,123	0	0	-25,123	0	0
Other	-287	0	0	0	0	-287
Net income	212,036	0	0	212,036	0	0
Balance at Sep. 30, 2014	$5,109,991	$15,604	$1,430,612	$3,806,453	($7,227)	($135,451)
Balance (in shares) at Sep. 30, 2014	'	124,528	'	'	'	'

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Retirement benefit adjustments, taxes	$3,899	$5,915

Basis_of_Presentation_and_Natu

Basis of Presentation and Nature of Operations	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation and Nature of Operations	'
	Basis of Presentation and Nature of Operations
	The financial statements included in this Form 10-Q are presented in United States (U.S.) dollars and include the accounts of Rowan Companies plc ("Rowan plc") and its subsidiaries, all of which are wholly owned.  Intercompany balances and transactions are eliminated in consolidation.  Unless the context otherwise requires, the terms “Company,” “we,” “us” and “our” are used to refer to Rowan plc and its consolidated subsidiaries.
	The financial statements included in this Form 10-Q have been prepared without audit in accordance with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information and the rules and regulations of the Securities and Exchange Commission.  Certain information and notes have been condensed or omitted as permitted by those rules and regulations.  Management believes the accompanying financial statements contain all adjustments, which are of a normal recurring nature unless otherwise noted, necessary for a fair statement of the results for the interim periods presented.  The Company’s results of operations and cash flows for the interim periods are not necessarily indicative of results to be expected for the full year.  These financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	We are a global provider of offshore oil and gas contract drilling services utilizing a fleet of 30 self-elevating mobile offshore “jack-up” drilling units and four ultra-deepwater drillships, two of which are currently under construction.  Historically, our primary focus has been on high-specification and premium jack-up rigs, which our customers use for exploratory and development drilling and associated drilling services.  In 2009, we began executing a new strategic plan that included divesting non-core assets and investing in ultra-deepwater assets, with a goal of balancing earnings from jack-ups and deepwater rigs over the long term. In 2011 and 2012, we entered into contracts for the construction of four ultra-deepwater drillships. In January 2014, we took delivery of the first of these drillships, the Rowan Renaissance, which commenced drilling operations under a three-year contract offshore West Africa in April 2014. The Rowan Resolute was delivered in late July 2014 and commenced operations under a three-year contract in the United States Gulf of Mexico (US GOM) on October 16, 2014. The Rowan Reliance is scheduled for delivery in mid November 2014 and expected to commence operations under a three-year contract in the US GOM in late February 2015. The Rowan Relentless is scheduled for delivery in late March 2015 and expected to commence operations under a two-year contract in the US GOM in the third quarter of 2015.
	The Company conducts offshore drilling operations in various markets throughout the world including the United Kingdom (U.K.) and Norwegian sectors of the North Sea, the Middle East, the US GOM, Southeast Asia, West and North Africa and Trinidad.
	The financial information as of December 31, 2013, presented in this report does not constitute the Company's statutory accounts for that year within the meaning of the U.K. Companies Act 2006 (the "Companies Act").  Statutory accounts as required by the Companies Act for the year ended December 31, 2013, have been delivered to the Registrar of Companies in the U.K. The auditors reported on those accounts; their report was unqualified, did not draw attention to any matters by way of emphasis and did not contain a statement under Sections 498(2) or (3) of the Companies Act.
	New Accounting Standards – In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, which sets forth a global standard for revenue recognition and replaces most existing industry-specific guidance. We will be required to adopt the new standard in annual and interim reports for periods beginning January 1, 2017. We are currently evaluating the potential effect of the new guidance.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	A reconciliation of basic and diluted shares follows (in thousands):
		Three months ended September 30,		Nine months ended September 30,
		2014	2013	2014	2013
	Average common shares outstanding - basic	124,256	123,635	124,011	123,468
	Effect of dilutive securities - share-based compensation	794	966	835	915
	Average common shares - diluted	125,050	124,601	124,846	124,383
	There were no adjustments to net income required for purposes of computing diluted earnings per share.
	Share options and appreciation rights granted under share-based compensation plans are antidilutive and excluded from diluted earnings per share when their exercise or strike price exceeds the average market price during the period.  The following table sets forth antidilutive shares excluded from diluted earnings per share.  Such securities could potentially dilute earnings per share in the future (in thousands):
		Three months ended September 30,		Nine months ended September 30,
		2014	2013	2014	2013
	Share appreciation rights	1,050	978	1,050	1,012
	Employee and director share options	42	53	42	53
	Total potentially dilutive shares	1,092	1,031	1,092	1,065

Pension_and_Other_Postemployme

Pension and Other Postemployment Benefits	9 Months Ended
	Sep. 30, 2014
Pension and Other Postretirement Benefit Expense [Abstract]	'
Pension and Other Postemployment Benefits	'
	Pension and Other Postemployment Benefits
	The Company provides defined-benefit pension, health care and life insurance benefits upon retirement for certain full-time employees.
	Recognized net periodic pension cost included the following components (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Service cost	$	3,701		$	3,102		$	10,981		$	8,833
	Interest cost	8,272			7,558			24,547			22,253
	Expected return on plan assets	(10,479		)	(9,658		)	(31,094		)	(28,686		)
	Amortization of net loss	4,947			7,171			14,684			20,797
	Amortization of prior service credit	(1,134		)	(1,194		)	(3,366		)	(3,543		)
	Total net pension cost	$	5,307		$	6,979		$	15,752		$	19,654
	Recognized other postemployment benefit cost included the following components (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Service cost	$	272		$	365		$	809		$	1,072
	Interest cost	774			757			2,297			2,194
	Amortization of net loss	(40		)	—			(119		)	—
	Amortization of prior service credit	(8		)	(37		)	(24		)	(110		)
	Total other postemployment benefit cost	$	998		$	1,085		$	2,963		$	3,156
	During the nine months ended September 30, 2014, the Company contributed $57.4 million to its pension and other postemployment benefit plans and expects to make additional contributions to such plans totaling approximately $1.3 million for the remainder of 2014.

Commitments_and_Contingent_Lia

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingent Liabilities	'
	Commitments and Contingent Liabilities
	The following table presents the status of the Company’s ultra-deepwater drillship construction program as of September 30, 2014.  Amounts include capitalized interest and an estimate for project contingencies (in millions):
		Actual/scheduled delivery date	Total estimated project costs		Total costs incurred through September 30, 2014		Projected costs for the remainder of 2014		Projected costs in 2015		Total future costs
	Rowan Resolute	Jul-14	$	723	$	682	$	41	$	—	$	41
	Rowan Reliance	Nov-14	742		277		458		7		465
	Rowan Relentless	Mar-15	755		232		38		485		523
			$	2,220	$	1,191	$	537	$	492	$	1,029
	The Company expects to incur an additional approximately $77 million of capital expenditures for the remainder of 2014 for mobilization, commissioning, riser gas-handling equipment, software certifications and drillship fleet spares to support its deepwater operations.
	The Company periodically employs letters of credit in the normal course of its business, and had outstanding letters of credit of approximately $25.6 million at September 30, 2014.
	Uncertain tax positions – In 2009, the Company recognized certain tax benefits as a result of applying the facts of a third-party tax case to the Company’s situation.  That case provided a more favorable tax treatment for certain foreign contracts entered into in prior years.  Our position was challenged by the U.S. Internal Revenue Service.  We appealed their findings and reached a settlement agreement in the third quarter of 2014 with respect to three of the four years under review. As a result of the agreement, we recognized a current income tax receivable at September 30, 2014, in the amount of $35 million, reduced long-term receivables by approximately $47 million and reduced other long-term liabilities by approximately $58 million, resulting in a net benefit to income taxes of approximately $46 million. We collected the current receivable in the fourth quarter of 2014. A remaining year continues to be under examination. We plan to vigorously defend our position.
	We are involved in various other legal proceedings incidental to our business and are vigorously defending our position in all such matters.  Management believes that there are no known contingencies, claims or lawsuits, other than those described above, that could have a material effect on the Company's financial position, results of operations or cash flows.

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-Based Compensation	'
	Share-Based Compensation
	On March 5, 2014, the Company granted restricted share units under its long-term incentive plan with a grant-date fair value aggregating $21.3 million.  The aggregate fair value, net of estimated forfeitures, was $20.2 million, which will be recognized as compensation expense over a weighted-average period of 2.7 years from the grant date.
	Additionally, on March 5, 2014, the Company granted to certain members of management performance units (P-Units) that have a target value of $100 per unit.  The amount ultimately earned with respect to the P-Units will depend on the Company’s total shareholder return (TSR) ranking compared to a group of peer companies over a three-year period ending December 31, 2016, and could range from zero to $200 per unit depending on performance.  Twenty-five percent of the P-Units’ value is determined by the Company’s relative TSR ranking for each one-year period ended December 31, 2014, 2015, and 2016, respectively, and 25% of the P-Units’ value is determined by the relative TSR ranking for the three-year period ending December 31, 2016.  Vesting of awards and any payment with respect to the P-Units would not occur until the third anniversary following the grant date and would be settled in cash.
	The grant-date fair value of the P-Units was estimated to be $8.5 million.  Fair value was estimated using a Monte Carlo simulation model, which considers the probabilities of the Company’s TSR ranking at the end of each performance period, and the amount of the payout at each rank to determine the probability-weighted expected payout.  The Company uses liability accounting to account for the P-Units.  Compensation is recognized on a straight-line basis over a maximum period of three years from the grant date and is adjusted for changes in fair value through the vesting date.  In the event there is no payout of the P-Units for any 25% tranche as the result of a failure to meet the performance thresholds, any previously recognized expense relating to that tranche would be reversed at the end of the tranche’s performance period.
	At September 30, 2014, the Company had approximately $37.4 million of estimated unrecognized share-based compensation, which is expected to be recognized as compensation expense over a remaining weighted-average period of 1.9 years.

Other_Financial_Statement_Disc

Other Financial Statement Disclosures	9 Months Ended
	Sep. 30, 2014
Other Financial Statement Disclosures [Abstract]	'
Other Financial Statement Disclosures	'
	Other Financial Statement Disclosures
	Accounts Receivable – The following table sets forth the components of Receivables - trade and other (in thousands):
		September 30, 2014			December 31, 2013
	Trade	$	433,997		$	323,679
	Income tax	62,590			6,759
	Other	13,607			14,108
	Total receivables - trade and other	$	510,194		$	344,546
	During the third quarter of 2014, we reached a settlement agreement with the U.S. Internal Revenue Service in connection with U.S. tax return issues of certain prior year periods. As a result of the agreement, we recognized an income tax receivable at September 30, 2014, in the amount of $35 million, which we collected in the fourth quarter of 2014. The remainder of the increase in tax receivables is primarily attributable to $29 million for overpayment of 2013 U.S. federal income taxes.
	Assets of Discontinued Operations – In February 2014, the Company sold a land rig it retained in the 2011 sale of its manufacturing operations. The net carrying value was $4.1 million, consisting of a $24.2 million asset previously classified as assets of discontinued operations, less $20.1 million of deferred revenues previously classified as liabilities of discontinued operations. The Company received $6.0 million in cash resulting in a $4.0 million gain, net of tax effects. The gain is classified as discontinued operations in the condensed consolidated statement of income for the nine months ended September 30, 2014.
	Long-term Debt – On January 15, 2014, Rowan plc, as guarantor, and its 100%-owned subsidiary, Rowan Companies, Inc. ("RCI"), as issuer, completed the issuance and sale in a public offering of $400 million aggregate principal amount of 4.75% Senior Notes due 2024 at a price to the public of 99.898% of the principal amount (the "2024 Notes"), and $400 million aggregate principal amount of 5.85% Senior Notes due 2044 at a price to the public of 99.972% of the principal amount (the "2044 Notes," and together, the "notes").  Net proceeds of the offering were approximately $792 million, which the Company intends to use in its rig construction program and for general corporate purposes.
	Interest on the notes is payable on January 15 and July 15 of each year, beginning on July 15, 2014. No principal payments are due with respect to the 2024 Notes or the 2044 Notes until their final maturity date of January 15, 2024 and 2044, respectively.
	The notes are redeemable in whole or in part at any time at a price equal to 100% of the principal amount plus a make-whole premium and accrued and unpaid interest to the redemption date for redemptions prior to October 15, 2023, with respect to the 2024 Notes, and prior to July 15, 2043, with respect to the 2044 Notes. On or after such dates, the notes may be redeemed at a price of 100% plus accrued and unpaid interest to the redemption date.
	The notes are fully and unconditionally guaranteed on a senior and unsecured basis by Rowan plc.
	On January 23, 2014, the Company amended and restated its credit agreement to increase the borrowing capacity under the revolving credit facility from $750 million to $1.0 billion, among other things. There were no amounts drawn under the revolving credit facility at September 30, 2014.
	Fair Values of Financial Instruments – Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  The fair value hierarchy prescribed by US GAAP requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  The three levels of inputs that may be used to measure fair value are:
	•	Level 1 – Quoted prices for identical instruments in active markets,
	•	Level 2 – Quoted market prices for similar instruments in active markets; quoted prices for identical instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets and
	•	Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable, such as those used in pricing models or discounted cash flow methodologies, for example.
	A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
	Certain of our assets and liabilities are required to be measured at fair value on a recurring basis. Assets and liabilities measured at fair value are summarized below (in thousands):
					Estimated fair value measurements
		Carrying value			Quoted prices in active markets (Level 1)			Significant other observable inputs (Level 2)			Significant other unobservable inputs (Level 3)
	September 30, 2014:
	Assets - cash equivalents	$	663,297		$	663,297		$	—		$	—
	December 31, 2013:
	Assets - cash equivalents	$	1,063,500		$	1,063,500		$	—		$	—
	Trade receivables and trade payables, which are also required to be measured at fair value, have carrying values that approximate their fair values due to their short maturities.
	Those financial instruments not required to be measured at fair value consist of the Company’s publicly traded debt securities.  Fair values of the Company’s debt securities were provided by one to two brokers who make a market in our debt securities and were measured using a market-approach valuation technique.  Fair value was determined by adding a spread based on actual trades for that security (or a trader quote where actual trades were unavailable) to the applicable benchmark Treasury security with a comparable maturity, in order to derive a current yield.  The yield is then used to determine a price given the individual security’s coupon rate and maturity.  Such inputs are considered “significant other observable inputs,” which are categorized as Level 2 inputs in the fair value hierarchy.  Estimated fair values and related carrying values of our long-term debt securities are shown below (in thousands):
		September 30, 2014						December 31, 2013
		Fair value			Carrying value			Fair value			Carrying value
	5% Senior Notes, due 2017	$	431,153		$	399,173		$	433,879		$	398,961
	7.875% Senior Notes, due 2019	603,258			498,418			603,177			498,171
	4.875% Senior Notes, due 2022	731,136			712,035			711,816			713,208
	4.75% Senior Notes, due 2024	406,284			399,621			—			—
	5.4% Senior Notes, due 2042	378,314			398,402			368,602			398,360
	5.85% Senior Notes, due 2044	400,405			399,891			—			—
		$	2,950,550		$	2,807,540		$	2,117,474		$	2,008,700
	Shareholders' Equity – The Company had accumulated other comprehensive losses (AOCL) totaling $135.5 million and $210.1 million at September 30, 2014 and 2013, respectively, which were solely attributable to pension and other postemployment benefits (OPEB).  The following sets forth the significant amounts reclassified out of each component of AOCL. The amounts reclassified are included in the computation of net periodic pension costs. (See Note 3 – Pension and Other Postemployment Benefits.) Amounts in parentheses indicate debits to income (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Amortization of pension and OPEB items:
	Actuarial gains (losses)	$	(4,909	)	$	(6,924	)	$	(14,570	)	$	(20,553	)
	Prior service costs	1,142			1,230			3,390			3,652
	Total before tax	(3,767		)	(5,694		)	(11,180		)	(16,901		)
	Tax (expense) benefit	1,314			1,993			3,899			5,915
	Total reclassifications for the period, net of tax	$	(2,453	)	$	(3,701	)	$	(7,281	)	$	(10,986	)
	On April 25, 2014, the Board of Directors declared a quarterly cash dividend of $0.10 per share, paid on May 20, 2014, to shareholders of record at the close of business on May 5, 2014.
	On July 31, 2014, the Board of Directors declared a quarterly cash dividend of $0.10 per share, paid on August 26, 2014, to shareholders of record at the close of business on August 11, 2014.
	On October 30, 2014, the Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on November 25, 2014, to shareholders of record at the close of business on November 11, 2014.
	During the third quarter of 2014, we completed a capital reduction under U.K. law (the “Capital Reduction”), which increased the Company's distributable reserves and will provide the Company with greater flexibility to increase shareholder return in the form of dividends and share repurchases. The Capital Reduction was authorized by our Board of Directors and approved by our shareholders at a general meeting on August 15, 2014. The Capital Reduction was achieved through the issuance and cancellation of $2.0 billion of newly created Class C shares (the “Capital Reduction Shares”) pursuant to a customary, court approved process in the U.K.
	The Capital Reduction Shares had no substantive economic rights, provided no voting rights and otherwise provided extremely limited rights (e.g., no right to receive any dividends or other distributions). Once the Capital Reduction Shares were cancelled on September 17, 2014, $2.0 billion of the shareholders’ equity of Rowan Companies plc (the parent company of the Rowan group of companies) that could not be distributed under U.K. law may now be used for dividends, future distributions or share repurchases as determined by our Board of Directors, subject to compliance with applicable rules and limitations under U.K. law.
	The Capital Reduction did not involve any distribution or repayment of capital, nor did it have an impact on the underlying net assets of the Company. There was no net impact on our shareholders’ equity for the three-month period ended September 30, 2014 (or any period) as a result of the Capital Reduction.
	Supplemental Cash Flow Information – Accrued capital expenditures, which are excluded from capital expenditures in the Condensed Consolidated Statements of Cash Flows until settlement, totaled $48.9 million and $37.2 million at September 30, 2014 and 2013, respectively.  Interest capitalized in connection with rig construction projects totaled $15.5 million and $46.0 million in the three and nine months ended September 30, 2014, as compared to $12.9 million and $35.1 million, respectively, in the comparable period of the prior year.
	Income Taxes – In accordance with US GAAP for interim reporting, the Company estimates its full-year effective tax rate and applies this rate to its year-to-date pretax income.  In addition, the Company separately calculates the tax impact of unusual items, if any. We provide for income taxes based upon the tax laws and rates in effect in the countries in which we conduct operations. The amounts of our provisions are impacted by such laws and rates and the availability of deductions, credits and other benefits in each of the various jurisdictions. Our overall effective tax rate may therefore vary considerably from quarter to quarter and from year to year based on the actual or projected location of operations and other factors.
	In the three and nine months ended September 30, 2014, our effective tax rates were -47.4% and -21.1%, respectively, compared to -0.9% and 6.7%, respectively, for the comparable periods of 2013. The negative effective rates for 2014 are primarily the result of a settlement agreement reached with the U.S. Internal Revenue Service in the third quarter of 2014 in connection with U.S. tax return issues of certain prior-year periods (see Note 4, "Uncertain tax positions").
	The Company has not provided deferred income taxes on undistributed earnings of its non-U.K. subsidiaries, including non-U.S. subsidiaries of RCI.  It is the Company’s policy and intention to permanently reinvest the earnings of non-U.S. subsidiaries of RCI outside the U.S.  Generally, earnings of non-U.K. subsidiaries that are not subsidiaries of RCI can be distributed to the Company without imposition of either U.K. or local country tax.
	Litigation Settlement – In the first quarter of 2014, the Company settled its litigation with the owners and operators of a tanker that collided with the EXL I in May 2012 and received $20.9 million in cash as compensation for damages incurred in 2012 for repair costs to and loss of use of the rig. Such amount was recognized as a component of operating income in the nine months ended September 30, 2014.
	Material Charges and Other Operating Expenses – Material charges for the first nine months of 2014 included an $8.3 million noncash impairment charge for the carrying value of the Company's sole aircraft, which was used to support operations. The asset had a carrying value of $12.7 million prior to the write-down. The amount of the impairment was based on actual sales prices for similar equipment obtained from a third-party dealer of such equipment. Quoted prices in active markets for similar equipment is considered a Level 2 input in the fair value hierarchy.

Guarantees_of_Registered_Secur

Guarantees of Registered Securities	9 Months Ended
	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]	'
Guarantees of Registered Securities	'
	Guarantees of Registered Securities
	Rowan plc and its 100%-owned subsidiary, RCI, have entered into agreements providing for, among other things, the full, unconditional and irrevocable guarantee by Rowan plc of the prompt payment when due of any amount owed to the holders of RCI's 5% Senior Notes due 2017, 7.875% Senior Notes due 2019, 4.875% Senior Notes due 2022, 4.75% Senior Notes due 2024, 5.4% Senior Notes due 2042, and 5.85% Senior Notes due 2044 (the "Senior Notes").
	The condensed consolidating financial information that follows is presented on the equity method of accounting in accordance with Rule 3-10 of Regulation S-X in connection with Rowan plc's guarantee of the Senior Notes and reflects the corporate ownership structure as of September 30, 2014, and customary allocations and intercompany charges. Financial information for the three and nine months ended September 30, 2013, has been recast to reflect changes to the corporate ownership structure that occurred in the first and third quarters of 2014 and is presented as though the structure at September 30, 2014, was in place at January 1, 2013.
	During the quarter ended March 31, 2014, we identified certain immaterial misclassifications in our guarantor financial information at December 31, 2013, and prior periods primarily relating to the allocation of noncurrent income tax liabilities and deferred tax assets and liabilities between RCI and the non-guarantor subsidiaries. These errors had no impact on our consolidated financial statements. We have revised the consolidating balance sheet at December 31, 2013, and the consolidating income statements for the three and nine months ended September 30, 2013, presented herein, to conform to the current period presentation. A summary of the changes at December 31, 2013, follows (in thousands):
		RCI (Issuer)			Non-guarantor subsidiaries
	Condensed Consolidating Balance Sheets
	December 31, 2013:
	Other current assets:
	As reported	$	45,031		$	22,355
	As corrected	43,611			23,775
	Due from affiliates:
	As reported	$	1,439,112		$	579,501
	As corrected	1,436,736			542,331
	Accrued liabilities:
	As reported	$	101,478		$	54,493
	As corrected	99,102			56,869
	Due to affiliates:
	As reported	$	575,184		$	1,421,553
	As corrected	546,690			1,410,501
	Other liabilities (noncurrent):
	As reported	$	194,966		$	85,960
	As corrected	235,779			45,147
	Deferred income taxes (noncurrent liability):
	As reported	$	126,681		$	302,974
	As corrected	115,376			314,279
	Retained earnings:
	As reported	$	4,795,441		$	5,908,071
	As corrected	4,793,007			5,910,505
	Rowan Companies plc and Subsidiaries
	Condensed Consolidating Balance Sheets
	September 30, 2014
	(in thousands)
	(unaudited)
		Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
	CURRENT ASSETS:
	Cash and cash equivalents	$	90,014		$	62,574		$	555,141		$	—		$	707,729
	Receivables - trade and other	129			62,502			447,563			—			510,194
	Other current assets	636			70,605			11,531			—			82,772
	Total current assets	90,779			195,681			1,014,235			—			1,300,695
	Property, plant and equipment - gross	—			674,959			8,865,632			—			9,540,591
	Less accumulated depreciation and amortization	—			305,457			1,726,563			—			2,032,020
	Property, plant  and equipment - net	—			369,502			7,139,069			—			7,508,571
	Investments in subsidiaries	5,027,024			6,123,393			—			(11,150,417		)	—
	Due from affiliates	941			1,276,950			138,071			(1,415,962		)	—
	Other assets	—			18,877			637			—			19,514
		$	5,118,744		$	7,984,403		$	8,292,012		$	(12,566,379	)	$	8,828,780
	CURRENT LIABILITIES:
	Accounts payable - trade	$	409		$	9,607		$	90,437		$	—		$	100,453
	Deferred revenues	—			—			31,803			—			31,803
	Accrued liabilities	283			62,448			67,105			—			129,836
	Total current liabilities	692			72,055			189,345			—			262,092
	Long-term debt	—			2,807,540			—			—			2,807,540
	Due to affiliates	2,045			137,332			1,276,585			(1,415,962		)	—
	Other liabilities	6,016			188,855			43,361			—			238,232
	Deferred income taxes - net	—			477,456			374,066			(440,597		)	410,925
	Shareholders' equity	5,109,991			4,301,165			6,408,655			(10,709,820		)	5,109,991
		$	5,118,744		$	7,984,403		$	8,292,012		$	(12,566,379	)	$	8,828,780
	Rowan Companies plc and Subsidiaries
	Condensed Consolidating Balance Sheets
	December 31, 2013
	(in thousands)
		Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
	CURRENT ASSETS:
Cash and cash equivalents	$	64,292		$	92,116		$	936,436		$	—		$	1,092,844
Receivables - trade and other	58			7,877			336,611			—			344,546
Other current assets	289			43,613			23,773			—			67,675
Assets of discontinued operations	—			23,813			—			—			23,813
Total current assets	64,639			167,419			1,296,820			—			1,528,878
Property, plant and equipment - gross	—			593,606			7,604,109			—			8,197,715
Less accumulated depreciation and amortization	—			243,666			1,568,294			—			1,811,960
Property, plant  and equipment - net	—			349,940			6,035,815			—			6,385,755
Investments in subsidiaries	4,860,492			5,657,926			—			(10,518,418		)	—
Due from affiliates	136			1,384,573			506,455			(1,891,164		)	—
Other assets	—			60,343			785			—			61,128
	$	4,925,267		$	7,620,201		$	7,839,875		$	(12,409,582	)	$	7,975,761
CURRENT LIABILITIES:
Accounts payable - trade	$	1,359		$	13,409		$	109,208		$	—		$	123,976
Deferred revenues	—			—			54,515			—			54,515
Accrued liabilities	—			105,421			50,550			—			155,971
Liabilities of discontinued operations	—			20,122			—			—			20,122
Total current liabilities	1,359			138,952			214,273			—			354,584
Long-term debt	—			2,008,700			—			—			2,008,700
Due to affiliates	22,012			502,139			1,367,013			(1,891,164		)	—
Other liabilities	8,135			239,287			41,639			—			289,061
Deferred income taxes - net	—			421,622			423,216			(415,183		)	429,655
Shareholders' equity	4,893,761			4,309,501			5,793,734			(10,103,235		)	4,893,761
	$	4,925,267		$	7,620,201		$	7,839,875		$	(12,409,582	)	$	7,975,761
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Three months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	17,437		$	468,013		$	(17,758	)	$	467,692
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			(2,247		)	266,104			(16,950		)	246,907
Depreciation and amortization	—			3,439			78,213			(149		)	81,503
Selling, general and administrative	6,020			319			27,360			(659		)	33,040
Loss (gain) on disposals of  property and equipment	—			74			(16		)	—			58
Litigation settlement	—			—			—			—			—
Material charges and other operating expenses	—			—			—			—			—
Total costs and expenses	6,020			1,585			371,661			(17,758		)	361,508
INCOME (LOSS) FROM OPERATIONS	(6,020		)	15,852			96,352			—			106,184
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(25,657		)	(713		)	714			(25,656		)
Interest income	71			746			269			(714		)	372
Other - net	9,798			(9,793		)	264			—			269
Total other income (expense) - net	9,869			(34,704		)	(180		)	—			(25,015		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	3,849			(18,852		)	96,172			—			81,169
(Benefit) provision for income taxes	—			(27,095		)	252			(11,585		)	(38,428		)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	3,849			8,243			95,920			11,585			119,597
DISCONTINUED OPERATIONS, NET OF TAX	—			—			—			—			—
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	115,748			34,944			—			(150,692		)	—
NET INCOME	$	119,597		$	43,187		$	95,920		$	(139,107	)	$	119,597
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Three months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	33,381		$	380,307		$	(30,880	)	$	382,808
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			8,462			234,245			(30,880		)	211,827
Depreciation and amortization	—			6,868			62,406			—			69,274
Selling, general and administrative	6,363			1,434			25,466			—			33,263
Loss (gain) on disposals of  property and equipment	—			2			(67		)	—			(65		)
Total costs and expenses	6,363			16,766			322,050			(30,880		)	314,299
INCOME (LOSS) FROM OPERATIONS	(6,363		)	16,615			58,257			—			68,509
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(17,111		)	(38		)	38			(17,111		)
Interest income	59			122			274			(38		)	417
Loss on debt extinguishment	—			—			—			—			—
Other - net	2,496			(2,690		)	(174		)	—			(368		)
Total other income (expense) - net	2,555			(19,679		)	62			—			(17,062		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(3,808		)	(3,064		)	58,319			—			51,447
(Benefit) provision for income taxes	—			(3,826		)	(1,652		)	5,025			(453		)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(3,808		)	762			59,971			(5,025		)	51,900
DISCONTINUED OPERATIONS, NET OF TAX	—			—			—			—			—
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	55,708			15,898			—			(71,606		)	—
NET INCOME	$	51,900		$	16,660		$	59,971		$	(76,631	)	$	51,900
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Nine months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	46,854		$	1,269,101		$	(47,783	)	$	1,268,172
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			7,243			749,886			(45,275		)	711,854
Depreciation and amortization	—			13,152			217,403			(501		)	230,054
Selling, general and administrative	17,563			3,650			72,851			(2,007		)	92,057
Loss (gain) on disposals of  property and equipment	—			402			1,318			—			1,720
Litigation settlement	—			—			(20,875		)	—			(20,875		)
Material charges and other operating expenses	—			—			8,300			—			8,300
Total costs and expenses	17,563			24,447			1,028,883			(47,783		)	1,023,110
INCOME (LOSS) FROM OPERATIONS	(17,563		)	22,407			240,218			—			245,062
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(74,309		)	(1,304		)	1,305			(74,308		)
Interest income	274			1,746			1,006			(1,305		)	1,721
Other - net	16,798			(16,782		)	(643		)	—			(627		)
Total other income (expense) - net	17,072			(89,345		)	(941		)	—			(73,214		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(491		)	(66,938		)	239,277			—			171,848
(Benefit) provision for income taxes	—			(48,367		)	37,618			(25,416		)	(36,165		)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(491		)	(18,571		)	201,659			25,416			208,013
DISCONTINUED OPERATIONS, NET OF TAX	—			4,023			—			—			4,023
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	212,527			52,525			—			(265,052		)	—
NET INCOME	$	212,036		$	37,977		$	201,659		$	(239,636	)	$	212,036
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Nine months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	93,017		$	1,179,913		$	(87,001	)	$	1,185,929
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			25,771			698,570			(87,001		)	637,340
Depreciation and amortization	—			32,144			168,277			—			200,421
Selling, general and administrative	22,462			3,885			69,610			—			95,957
Loss (gain) on disposals of  property and equipment	—			231			(19,210		)	—			(18,979		)
Total costs and expenses	22,462			62,031			917,247			(87,001		)	914,739
INCOME (LOSS) FROM OPERATIONS	(22,462		)	30,986			262,666			—			271,190
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(53,377		)	(106		)	106			(53,377		)
Interest income	153			358			739			(106		)	1,144
Other - net	7,497			(7,460		)	(1,642		)	—			(1,605		)
Total other income (expense) - net	7,650			(60,479		)	(1,009		)	—			(53,838		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(14,812		)	(29,493		)	261,657			—			217,352
(Benefit) provision for income taxes	—			(9,112		)	34,644			(11,058		)	14,474
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(14,812		)	(20,381		)	227,013			11,058			202,878
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	217,690			100,268			—			(317,958		)	—
NET INCOME	$	202,878		$	79,887		$	227,013		$	(306,900	)	$	202,878
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Three months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	119,597		$	43,187		$	95,920		$	(139,107	)	$	119,597
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	3,190			3,190			—			(3,190		)	3,190
Amortization of prior service credit	(737		)	(737		)	—			737			(737		)
Total other comprehensive income	2,453			2,453			—			(2,453		)	2,453
COMPREHENSIVE INCOME	$	122,050		$	45,640		$	95,920		$	(141,560	)	$	122,050
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Three months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	51,900		$	16,660		$	59,971		$	(76,631	)	$	51,900
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	4,500			4,500			—			(4,500		)	4,500
Amortization of prior service credit	(799		)	(799		)	—			799			(799		)
Total other comprehensive income	3,701			3,701			—			(3,701		)	3,701
COMPREHENSIVE INCOME	$	55,601		$	20,361		$	59,971		$	(80,332	)	$	55,601
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Nine months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	212,036		$	37,977		$	201,659		$	(239,636	)	$	212,036
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	9,470			9,470			—			(9,470		)	9,470
Amortization of prior service credit	(2,189		)	(2,189		)	—			2,189			(2,189		)
Total other comprehensive income	7,281			7,281			—			(7,281		)	7,281
COMPREHENSIVE INCOME	$	219,317		$	45,258		$	201,659		$	(246,917	)	$	219,317
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Nine months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	202,878		$	79,887		$	227,013		$	(306,900	)	$	202,878
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	13,359			13,359			—			(13,359		)	13,359
Amortization of prior service credit	(2,373		)	(2,373		)	—			2,373			(2,373		)
Total other comprehensive income	10,986			10,986			—			(10,986		)	10,986
COMPREHENSIVE INCOME	$	213,864		$	90,873		$	227,013		$	(317,886	)	$	213,864
Rowan Companies plc and Subsidiaries
Consolidating Statements of Cash Flows
Nine months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	66,891		$	294,344		$	432,075		$	(593,088	)	$	200,222
INVESTING ACTIVITIES:
Property,  plant  and  equipment  additions	—			(15,995		)	(1,351,419		)	—			(1,367,414		)
Proceeds  from  disposals  of  property,  plant  and  equipment	—			6,955			2,812			—			9,767
Investments in consolidated subsidiaries	—			(105,261		)	—			105,261			—
Net  cash  used  in  investing  activities	—			(114,301		)	(1,348,607		)	105,261			(1,357,647		)
FINANCING ACTIVITIES:
Advances (to) from affiliates	(20,771		)	(927,293		)	532,376			415,688			—
Contributions from parent	—			—			105,261			(105,261		)	—
Proceeds from borrowings	—			793,380			—			—			793,380
Debt issue costs	—			(687		)	—			—			(687		)
Dividends paid	(25,123		)	(75,000		)	(102,400		)	177,400			(25,123		)
Excess tax benefits from share-based compensation	—			15			—			—			15
Proceeds  from exercise of share options	4,725			—			—			—			4,725
Net  cash  provided  by  (used  in)   financing  activities	(41,169		)	(209,585		)	535,237			487,827			772,310
INCREASE (DECREASE) IN  CASH  AND   CASH  EQUIVALENTS	25,722			(29,542		)	(381,295		)	—			(385,115		)
CASH  AND  CASH  EQUIVALENTS,   BEGINNING  OF  PERIOD	64,292			92,116			936,436			—			1,092,844
CASH  AND  CASH  EQUIVALENTS,   END  OF  PERIOD	$	90,014		$	62,574		$	555,141		$	—		$	707,729
Rowan Companies plc and Subsidiaries
Consolidating Statements of Cash Flows
Nine months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(12,478	)	$	12,237		$	392,273		$	—		$	392,032
INVESTING ACTIVITIES:
Property,  plant  and  equipment  additions	—			(39,413		)	(415,751		)	—			(455,164		)
Proceeds  from  disposals  of  property,   plant  and  equipment	—			2,230			40,065			—			42,295
Investments in consolidated subsidiaries	(100		)	(170,107		)	—			170,207			—
Net  cash  used  in  investing  activities	(100		)	(207,290		)	(375,686		)	170,207			(412,869		)
FINANCING ACTIVITIES:
Advances (to) from affiliates	12,704			243,820			(256,524		)	—			—
Contributions from parent	—			—			170,207			(170,207		)	—
Excess tax benefits from share-based compensation	—			977			—			—			977
Proceeds from exercise of share options	2,911			—			—			—			2,911
Other	1,820			—			—			—			1,820
Net  cash  provided  by (used in)  financing  activities	17,435			244,797			(86,317		)	(170,207		)	5,708
INCREASE (DECREASE) IN  CASH  AND   CASH  EQUIVALENTS	4,857			49,744			(69,730		)	—			(15,129		)
CASH  AND  CASH  EQUIVALENTS,   BEGINNING  OF  PERIOD	58,628			228,085			737,295			—			1,024,008
CASH  AND  CASH  EQUIVALENTS,   END  OF  PERIOD	$	63,485		$	277,829		$	667,565		$	—		$	1,008,879

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Reconciliation of Basic and Diluted Earnings per Share	'
	A reconciliation of basic and diluted shares follows (in thousands):
		Three months ended September 30,		Nine months ended September 30,
		2014	2013	2014	2013
	Average common shares outstanding - basic	124,256	123,635	124,011	123,468
	Effect of dilutive securities - share-based compensation	794	966	835	915
	Average common shares - diluted	125,050	124,601	124,846	124,383
Antidilutive Securities Excluded From Earnings per Share	'
	Share options and appreciation rights granted under share-based compensation plans are antidilutive and excluded from diluted earnings per share when their exercise or strike price exceeds the average market price during the period.  The following table sets forth antidilutive shares excluded from diluted earnings per share.  Such securities could potentially dilute earnings per share in the future (in thousands):
		Three months ended September 30,		Nine months ended September 30,
		2014	2013	2014	2013
	Share appreciation rights	1,050	978	1,050	1,012
	Employee and director share options	42	53	42	53
	Total potentially dilutive shares	1,092	1,031	1,092	1,065

Pension_and_Other_Postemployme1

Pension and Other Postemployment Benefits (Tables)	9 Months Ended
	Sep. 30, 2014
Pension and Other Postretirement Benefit Expense [Abstract]	'
Summary of Net Periodic Pension and Other Postemployment Benefit Costs	'
	Recognized net periodic pension cost included the following components (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Service cost	$	3,701		$	3,102		$	10,981		$	8,833
	Interest cost	8,272			7,558			24,547			22,253
	Expected return on plan assets	(10,479		)	(9,658		)	(31,094		)	(28,686		)
	Amortization of net loss	4,947			7,171			14,684			20,797
	Amortization of prior service credit	(1,134		)	(1,194		)	(3,366		)	(3,543		)
	Total net pension cost	$	5,307		$	6,979		$	15,752		$	19,654
	Recognized other postemployment benefit cost included the following components (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Service cost	$	272		$	365		$	809		$	1,072
	Interest cost	774			757			2,297			2,194
	Amortization of net loss	(40		)	—			(119		)	—
	Amortization of prior service credit	(8		)	(37		)	(24		)	(110		)
	Total other postemployment benefit cost	$	998		$	1,085		$	2,963		$	3,156

Commitments_and_Contingent_Lia1

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Status of Company's Rigs under Construction	'
	The following table presents the status of the Company’s ultra-deepwater drillship construction program as of September 30, 2014.  Amounts include capitalized interest and an estimate for project contingencies (in millions):
		Actual/scheduled delivery date	Total estimated project costs		Total costs incurred through September 30, 2014		Projected costs for the remainder of 2014		Projected costs in 2015		Total future costs
	Rowan Resolute	Jul-14	$	723	$	682	$	41	$	—	$	41
	Rowan Reliance	Nov-14	742		277		458		7		465
	Rowan Relentless	Mar-15	755		232		38		485		523
			$	2,220	$	1,191	$	537	$	492	$	1,029

Other_Financial_Statement_Disc1

Other Financial Statement Disclosures (Tables)	9 Months Ended
	Sep. 30, 2014
Other Financial Statement Disclosures [Abstract]	'
Components of Receivables - trade and other	'
	The following table sets forth the components of Receivables - trade and other (in thousands):
		September 30, 2014			December 31, 2013
	Trade	$	433,997		$	323,679
	Income tax	62,590			6,759
	Other	13,607			14,108
	Total receivables - trade and other	$	510,194		$	344,546
Assets and Liabilities Measured at Fair Value on a Recurring Basis	'
	Certain of our assets and liabilities are required to be measured at fair value on a recurring basis. Assets and liabilities measured at fair value are summarized below (in thousands):
					Estimated fair value measurements
		Carrying value			Quoted prices in active markets (Level 1)			Significant other observable inputs (Level 2)			Significant other unobservable inputs (Level 3)
	September 30, 2014:
	Assets - cash equivalents	$	663,297		$	663,297		$	—		$	—
	December 31, 2013:
	Assets - cash equivalents	$	1,063,500		$	1,063,500		$	—		$	—
Estimated Fair Values and Related Carrying Values of Long-term Debt Securities	'
	Estimated fair values and related carrying values of our long-term debt securities are shown below (in thousands):
		September 30, 2014						December 31, 2013
		Fair value			Carrying value			Fair value			Carrying value
	5% Senior Notes, due 2017	$	431,153		$	399,173		$	433,879		$	398,961
	7.875% Senior Notes, due 2019	603,258			498,418			603,177			498,171
	4.875% Senior Notes, due 2022	731,136			712,035			711,816			713,208
	4.75% Senior Notes, due 2024	406,284			399,621			—			—
	5.4% Senior Notes, due 2042	378,314			398,402			368,602			398,360
	5.85% Senior Notes, due 2044	400,405			399,891			—			—
		$	2,950,550		$	2,807,540		$	2,117,474		$	2,008,700
Schedule of Amounts Reclassified Out of Each Component of AOCL	'
	The following sets forth the significant amounts reclassified out of each component of AOCL. The amounts reclassified are included in the computation of net periodic pension costs. (See Note 3 – Pension and Other Postemployment Benefits.) Amounts in parentheses indicate debits to income (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Amortization of pension and OPEB items:
	Actuarial gains (losses)	$	(4,909	)	$	(6,924	)	$	(14,570	)	$	(20,553	)
	Prior service costs	1,142			1,230			3,390			3,652
	Total before tax	(3,767		)	(5,694		)	(11,180		)	(16,901		)
	Tax (expense) benefit	1,314			1,993			3,899			5,915
	Total reclassifications for the period, net of tax	$	(2,453	)	$	(3,701	)	$	(7,281	)	$	(10,986	)

Guarantees_of_Registered_Secur1

Guarantees of Registered Securities (Tables)	9 Months Ended
	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]	'
Guarantor Financial Statements	'
	reflects the corporate ownership structure as of September 30, 2014, and customary allocations and intercompany charges. Financial information for the three and nine months ended September 30, 2013, has been recast to reflect changes to the corporate ownership structure that occurred in the first and third quarters of 2014 and is presented as though the structure at September 30, 2014, was in place at January 1, 2013.
	During the quarter ended March 31, 2014, we identified certain immaterial misclassifications in our guarantor financial information at December 31, 2013, and prior periods primarily relating to the allocation of noncurrent income tax liabilities and deferred tax assets and liabilities between RCI and the non-guarantor subsidiaries. These errors had no impact on our consolidated financial statements. We have revised the consolidating balance sheet at December 31, 2013, and the consolidating income statements for the three and nine months ended September 30, 2013, presented herein, to conform to the current period presentation. A summary of the changes at December 31, 2013, follows (in thousands):
		RCI (Issuer)			Non-guarantor subsidiaries
	Condensed Consolidating Balance Sheets
	December 31, 2013:
	Other current assets:
	As reported	$	45,031		$	22,355
	As corrected	43,611			23,775
	Due from affiliates:
	As reported	$	1,439,112		$	579,501
	As corrected	1,436,736			542,331
	Accrued liabilities:
	As reported	$	101,478		$	54,493
	As corrected	99,102			56,869
	Due to affiliates:
	As reported	$	575,184		$	1,421,553
	As corrected	546,690			1,410,501
	Other liabilities (noncurrent):
	As reported	$	194,966		$	85,960
	As corrected	235,779			45,147
	Deferred income taxes (noncurrent liability):
	As reported	$	126,681		$	302,974
	As corrected	115,376			314,279
	Retained earnings:
	As reported	$	4,795,441		$	5,908,071
	As corrected	4,793,007			5,910,505
	Rowan Companies plc and Subsidiaries
	Condensed Consolidating Balance Sheets
	September 30, 2014
	(in thousands)
	(unaudited)
		Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
	CURRENT ASSETS:
	Cash and cash equivalents	$	90,014		$	62,574		$	555,141		$	—		$	707,729
	Receivables - trade and other	129			62,502			447,563			—			510,194
	Other current assets	636			70,605			11,531			—			82,772
	Total current assets	90,779			195,681			1,014,235			—			1,300,695
	Property, plant and equipment - gross	—			674,959			8,865,632			—			9,540,591
	Less accumulated depreciation and amortization	—			305,457			1,726,563			—			2,032,020
	Property, plant  and equipment - net	—			369,502			7,139,069			—			7,508,571
	Investments in subsidiaries	5,027,024			6,123,393			—			(11,150,417		)	—
	Due from affiliates	941			1,276,950			138,071			(1,415,962		)	—
	Other assets	—			18,877			637			—			19,514
		$	5,118,744		$	7,984,403		$	8,292,012		$	(12,566,379	)	$	8,828,780
	CURRENT LIABILITIES:
	Accounts payable - trade	$	409		$	9,607		$	90,437		$	—		$	100,453
	Deferred revenues	—			—			31,803			—			31,803
	Accrued liabilities	283			62,448			67,105			—			129,836
	Total current liabilities	692			72,055			189,345			—			262,092
	Long-term debt	—			2,807,540			—			—			2,807,540
	Due to affiliates	2,045			137,332			1,276,585			(1,415,962		)	—
	Other liabilities	6,016			188,855			43,361			—			238,232
	Deferred income taxes - net	—			477,456			374,066			(440,597		)	410,925
	Shareholders' equity	5,109,991			4,301,165			6,408,655			(10,709,820		)	5,109,991
		$	5,118,744		$	7,984,403		$	8,292,012		$	(12,566,379	)	$	8,828,780
	Rowan Companies plc and Subsidiaries
	Condensed Consolidating Balance Sheets
	December 31, 2013
	(in thousands)
		Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
	CURRENT ASSETS:
	Cash and cash equivalents	$	64,292		$	92,116		$	936,436		$	—		$	1,092,844
	Receivables - trade and other	58			7,877			336,611			—			344,546
Other current assets	289			43,613			23,773			—			67,675
Assets of discontinued operations	—			23,813			—			—			23,813
Total current assets	64,639			167,419			1,296,820			—			1,528,878
Property, plant and equipment - gross	—			593,606			7,604,109			—			8,197,715
Less accumulated depreciation and amortization	—			243,666			1,568,294			—			1,811,960
Property, plant  and equipment - net	—			349,940			6,035,815			—			6,385,755
Investments in subsidiaries	4,860,492			5,657,926			—			(10,518,418		)	—
Due from affiliates	136			1,384,573			506,455			(1,891,164		)	—
Other assets	—			60,343			785			—			61,128
	$	4,925,267		$	7,620,201		$	7,839,875		$	(12,409,582	)	$	7,975,761
CURRENT LIABILITIES:
Accounts payable - trade	$	1,359		$	13,409		$	109,208		$	—		$	123,976
Deferred revenues	—			—			54,515			—			54,515
Accrued liabilities	—			105,421			50,550			—			155,971
Liabilities of discontinued operations	—			20,122			—			—			20,122
Total current liabilities	1,359			138,952			214,273			—			354,584
Long-term debt	—			2,008,700			—			—			2,008,700
Due to affiliates	22,012			502,139			1,367,013			(1,891,164		)	—
Other liabilities	8,135			239,287			41,639			—			289,061
Deferred income taxes - net	—			421,622			423,216			(415,183		)	429,655
Shareholders' equity	4,893,761			4,309,501			5,793,734			(10,103,235		)	4,893,761
	$	4,925,267		$	7,620,201		$	7,839,875		$	(12,409,582	)	$	7,975,761
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Three months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	17,437		$	468,013		$	(17,758	)	$	467,692
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			(2,247		)	266,104			(16,950		)	246,907
Depreciation and amortization	—			3,439			78,213			(149		)	81,503
Selling, general and administrative	6,020			319			27,360			(659		)	33,040
Loss (gain) on disposals of  property and equipment	—			74			(16		)	—			58
Litigation settlement	—			—			—			—			—
Material charges and other operating expenses	—			—			—			—			—
Total costs and expenses	6,020			1,585			371,661			(17,758		)	361,508
INCOME (LOSS) FROM OPERATIONS	(6,020		)	15,852			96,352			—			106,184
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(25,657		)	(713		)	714			(25,656		)
Interest income	71			746			269			(714		)	372
Other - net	9,798			(9,793		)	264			—			269
Total other income (expense) - net	9,869			(34,704		)	(180		)	—			(25,015		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	3,849			(18,852		)	96,172			—			81,169
(Benefit) provision for income taxes	—			(27,095		)	252			(11,585		)	(38,428		)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	3,849			8,243			95,920			11,585			119,597
DISCONTINUED OPERATIONS, NET OF TAX	—			—			—			—			—
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	115,748			34,944			—			(150,692		)	—
NET INCOME	$	119,597		$	43,187		$	95,920		$	(139,107	)	$	119,597
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Three months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	33,381		$	380,307		$	(30,880	)	$	382,808
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			8,462			234,245			(30,880		)	211,827
Depreciation and amortization	—			6,868			62,406			—			69,274
Selling, general and administrative	6,363			1,434			25,466			—			33,263
Loss (gain) on disposals of  property and equipment	—			2			(67		)	—			(65		)
Total costs and expenses	6,363			16,766			322,050			(30,880		)	314,299
INCOME (LOSS) FROM OPERATIONS	(6,363		)	16,615			58,257			—			68,509
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(17,111		)	(38		)	38			(17,111		)
Interest income	59			122			274			(38		)	417
Loss on debt extinguishment	—			—			—			—			—
Other - net	2,496			(2,690		)	(174		)	—			(368		)
Total other income (expense) - net	2,555			(19,679		)	62			—			(17,062		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(3,808		)	(3,064		)	58,319			—			51,447
(Benefit) provision for income taxes	—			(3,826		)	(1,652		)	5,025			(453		)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(3,808		)	762			59,971			(5,025		)	51,900
DISCONTINUED OPERATIONS, NET OF TAX	—			—			—			—			—
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	55,708			15,898			—			(71,606		)	—
NET INCOME	$	51,900		$	16,660		$	59,971		$	(76,631	)	$	51,900
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Nine months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	46,854		$	1,269,101		$	(47,783	)	$	1,268,172
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			7,243			749,886			(45,275		)	711,854
Depreciation and amortization	—			13,152			217,403			(501		)	230,054
Selling, general and administrative	17,563			3,650			72,851			(2,007		)	92,057
Loss (gain) on disposals of  property and equipment	—			402			1,318			—			1,720
Litigation settlement	—			—			(20,875		)	—			(20,875		)
Material charges and other operating expenses	—			—			8,300			—			8,300
Total costs and expenses	17,563			24,447			1,028,883			(47,783		)	1,023,110
INCOME (LOSS) FROM OPERATIONS	(17,563		)	22,407			240,218			—			245,062
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(74,309		)	(1,304		)	1,305			(74,308		)
Interest income	274			1,746			1,006			(1,305		)	1,721
Other - net	16,798			(16,782		)	(643		)	—			(627		)
Total other income (expense) - net	17,072			(89,345		)	(941		)	—			(73,214		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(491		)	(66,938		)	239,277			—			171,848
(Benefit) provision for income taxes	—			(48,367		)	37,618			(25,416		)	(36,165		)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(491		)	(18,571		)	201,659			25,416			208,013
DISCONTINUED OPERATIONS, NET OF TAX	—			4,023			—			—			4,023
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	212,527			52,525			—			(265,052		)	—
NET INCOME	$	212,036		$	37,977		$	201,659		$	(239,636	)	$	212,036
Rowan Companies plc and Subsidiaries
Condensed Consolidating Income Statements
Nine months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
REVENUES	$	—		$	93,017		$	1,179,913		$	(87,001	)	$	1,185,929
COSTS AND EXPENSES:
Direct operating costs (excluding items below)	—			25,771			698,570			(87,001		)	637,340
Depreciation and amortization	—			32,144			168,277			—			200,421
Selling, general and administrative	22,462			3,885			69,610			—			95,957
Loss (gain) on disposals of  property and equipment	—			231			(19,210		)	—			(18,979		)
Total costs and expenses	22,462			62,031			917,247			(87,001		)	914,739
INCOME (LOSS) FROM OPERATIONS	(22,462		)	30,986			262,666			—			271,190
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	—			(53,377		)	(106		)	106			(53,377		)
Interest income	153			358			739			(106		)	1,144
Other - net	7,497			(7,460		)	(1,642		)	—			(1,605		)
Total other income (expense) - net	7,650			(60,479		)	(1,009		)	—			(53,838		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(14,812		)	(29,493		)	261,657			—			217,352
(Benefit) provision for income taxes	—			(9,112		)	34,644			(11,058		)	14,474
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(14,812		)	(20,381		)	227,013			11,058			202,878
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	217,690			100,268			—			(317,958		)	—
NET INCOME	$	202,878		$	79,887		$	227,013		$	(306,900	)	$	202,878
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Three months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	119,597		$	43,187		$	95,920		$	(139,107	)	$	119,597
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	3,190			3,190			—			(3,190		)	3,190
Amortization of prior service credit	(737		)	(737		)	—			737			(737		)
Total other comprehensive income	2,453			2,453			—			(2,453		)	2,453
COMPREHENSIVE INCOME	$	122,050		$	45,640		$	95,920		$	(141,560	)	$	122,050
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Three months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	51,900		$	16,660		$	59,971		$	(76,631	)	$	51,900
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	4,500			4,500			—			(4,500		)	4,500
Amortization of prior service credit	(799		)	(799		)	—			799			(799		)
Total other comprehensive income	3,701			3,701			—			(3,701		)	3,701
COMPREHENSIVE INCOME	$	55,601		$	20,361		$	59,971		$	(80,332	)	$	55,601
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Nine months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	212,036		$	37,977		$	201,659		$	(239,636	)	$	212,036
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	9,470			9,470			—			(9,470		)	9,470
Amortization of prior service credit	(2,189		)	(2,189		)	—			2,189			(2,189		)
Total other comprehensive income	7,281			7,281			—			(7,281		)	7,281
COMPREHENSIVE INCOME	$	219,317		$	45,258		$	201,659		$	(246,917	)	$	219,317
Rowan Companies plc and Subsidiaries
Statements of Comprehensive Income
Nine months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET INCOME	$	202,878		$	79,887		$	227,013		$	(306,900	)	$	202,878
OTHER COMPREHENSIVE INCOME:
Pension and other postemployment benefit adjustments, net of income taxes
Amortization of net loss	13,359			13,359			—			(13,359		)	13,359
Amortization of prior service credit	(2,373		)	(2,373		)	—			2,373			(2,373		)
Total other comprehensive income	10,986			10,986			—			(10,986		)	10,986
COMPREHENSIVE INCOME	$	213,864		$	90,873		$	227,013		$	(317,886	)	$	213,864
Rowan Companies plc and Subsidiaries
Consolidating Statements of Cash Flows
Nine months ended September 30, 2014
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	66,891		$	294,344		$	432,075		$	(593,088	)	$	200,222
INVESTING ACTIVITIES:
Property,  plant  and  equipment  additions	—			(15,995		)	(1,351,419		)	—			(1,367,414		)
Proceeds  from  disposals  of  property,  plant  and  equipment	—			6,955			2,812			—			9,767
Investments in consolidated subsidiaries	—			(105,261		)	—			105,261			—
Net  cash  used  in  investing  activities	—			(114,301		)	(1,348,607		)	105,261			(1,357,647		)
FINANCING ACTIVITIES:
Advances (to) from affiliates	(20,771		)	(927,293		)	532,376			415,688			—
Contributions from parent	—			—			105,261			(105,261		)	—
Proceeds from borrowings	—			793,380			—			—			793,380
Debt issue costs	—			(687		)	—			—			(687		)
Dividends paid	(25,123		)	(75,000		)	(102,400		)	177,400			(25,123		)
Excess tax benefits from share-based compensation	—			15			—			—			15
Proceeds  from exercise of share options	4,725			—			—			—			4,725
Net  cash  provided  by  (used  in)   financing  activities	(41,169		)	(209,585		)	535,237			487,827			772,310
INCREASE (DECREASE) IN  CASH  AND   CASH  EQUIVALENTS	25,722			(29,542		)	(381,295		)	—			(385,115		)
CASH  AND  CASH  EQUIVALENTS,   BEGINNING  OF  PERIOD	64,292			92,116			936,436			—			1,092,844
CASH  AND  CASH  EQUIVALENTS,   END  OF  PERIOD	$	90,014		$	62,574		$	555,141		$	—		$	707,729
Rowan Companies plc and Subsidiaries
Consolidating Statements of Cash Flows
Nine months ended September 30, 2013
(in thousands)
(unaudited)
	Rowan plc (Parent)			RCI (Issuer)			Non-guarantor subsidiaries			Consolidating adjustments			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	(12,478	)	$	12,237		$	392,273		$	—		$	392,032
INVESTING ACTIVITIES:
Property,  plant  and  equipment  additions	—			(39,413		)	(415,751		)	—			(455,164		)
Proceeds  from  disposals  of  property,   plant  and  equipment	—			2,230			40,065			—			42,295
Investments in consolidated subsidiaries	(100		)	(170,107		)	—			170,207			—
Net  cash  used  in  investing  activities	(100		)	(207,290		)	(375,686		)	170,207			(412,869		)
FINANCING ACTIVITIES:
Advances (to) from affiliates	12,704			243,820			(256,524		)	—			—
Contributions from parent	—			—			170,207			(170,207		)	—
Excess tax benefits from share-based compensation	—			977			—			—			977
Proceeds from exercise of share options	2,911			—			—			—			2,911
Other	1,820			—			—			—			1,820
Net  cash  provided  by (used in)  financing  activities	17,435			244,797			(86,317		)	(170,207		)	5,708
INCREASE (DECREASE) IN  CASH  AND   CASH  EQUIVALENTS	4,857			49,744			(69,730		)	—			(15,129		)
CASH  AND  CASH  EQUIVALENTS,   BEGINNING  OF  PERIOD	58,628			228,085			737,295			—			1,024,008
CASH  AND  CASH  EQUIVALENTS,   END  OF  PERIOD	$	63,485		$	277,829		$	667,565		$	—		$	1,008,879
Schedule of Prior Period Adjustments	'
	A summary of the changes at December 31, 2013, follows (in thousands):
		RCI (Issuer)			Non-guarantor subsidiaries
	Condensed Consolidating Balance Sheets
	December 31, 2013:
	Other current assets:
	As reported	$	45,031		$	22,355
	As corrected	43,611			23,775
	Due from affiliates:
	As reported	$	1,439,112		$	579,501
	As corrected	1,436,736			542,331
	Accrued liabilities:
	As reported	$	101,478		$	54,493
	As corrected	99,102			56,869
	Due to affiliates:
	As reported	$	575,184		$	1,421,553
	As corrected	546,690			1,410,501
	Other liabilities (noncurrent):
	As reported	$	194,966		$	85,960
	As corrected	235,779			45,147
	Deferred income taxes (noncurrent liability):
	As reported	$	126,681		$	302,974
	As corrected	115,376			314,279
	Retained earnings:
	As reported	$	4,795,441		$	5,908,071
	As corrected	4,793,007			5,910,505

Basis_of_Presentation_and_Natu1

Basis of Presentation and Nature of Operations (Details)	9 Months Ended
	Sep. 30, 2014
	drilling_unit
Gas and Oil Acreage [Line Items]	'
Number of fleet of self-elevating mobile offshore jack-up drilling units	30
Number of ultra-deepwater drill ships under construction	2
Rowan Renaissance [Member]	'
Gas and Oil Acreage [Line Items]	'
Ultra-deepwater drill ships expected to be completed, contract term after delivery	'3 years
Rowan Resolute [Member]	'
Gas and Oil Acreage [Line Items]	'
Ultra-deepwater drill ships expected to be completed, contract term after delivery	'3 years
Rowan Reliance [Member]	'
Gas and Oil Acreage [Line Items]	'
Ultra-deepwater drill ships expected to be completed, contract term after delivery	'3 years
Rowan Relentless [Member]	'
Gas and Oil Acreage [Line Items]	'
Ultra-deepwater drill ships expected to be completed, contract term after delivery	'2 years

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Average common shares outstanding - basic (in shares)	124,256	123,635	124,011	123,468
Effect of dilutive securities - share-based compensation (in shares)	794	966	835	915
Average common shares - diluted (in shares)	125,050	124,601	124,846	124,383
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Total potentially dilutive shares	1,092	1,031	1,092	1,065
Share appreciation rights [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Total potentially dilutive shares	1,050	978	1,050	1,012
Employee and director share options [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Total potentially dilutive shares	42	53	42	53

Pension_and_Other_Postemployme2

Pension and Other Postemployment Benefits (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Contribution to pension and other postemployment benefit plans	'	'	$57,400,000	'
Future contributions to pension and other postemployment benefit plans	'	'	1,300,000	'
Defined Benefit Pension [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	3,701,000	3,102,000	10,981,000	8,833,000
Interest cost	8,272,000	7,558,000	24,547,000	22,253,000
Expected return on plan assets	-10,479,000	-9,658,000	-31,094,000	-28,686,000
Amortization of net loss	4,947,000	7,171,000	14,684,000	20,797,000
Amortization of prior service credit	-1,134,000	-1,194,000	-3,366,000	-3,543,000
Total net pension cost and other postemployment benefit cost	5,307,000	6,979,000	15,752,000	19,654,000
Other Postemployment Benefit [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	272,000	365,000	809,000	1,072,000
Interest cost	774,000	757,000	2,297,000	2,194,000
Amortization of net loss	-40,000	0	-119,000	0
Amortization of prior service credit	-8,000	-37,000	-24,000	-110,000
Total net pension cost and other postemployment benefit cost	$998,000	$1,085,000	$2,963,000	$3,156,000

Commitments_and_Contingent_Lia2

Commitments and Contingent Liabilities (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014
Status of company's rigs under construction [Abstract]	'	'
Total estimated project costs	'	$2,220
Total costs incurred through September 30, 2014	'	1,191
Projected costs for the remainder of 2014	'	537
Projected costs in 2015	'	492
Total future costs	'	1,029
Capital expenditures for the remainder of 2014	77	77
Outstanding letters of credit	25.6	25.6
Tax benefits recognized from settlement	46	'
Rowan Resolute [Member]	'	'
Status of company's rigs under construction [Abstract]	'	'
Total estimated project costs	'	723
Total costs incurred through September 30, 2014	'	682
Projected costs for the remainder of 2014	'	41
Projected costs in 2015	'	0
Total future costs	'	41
Rowan Reliance [Member]	'	'
Status of company's rigs under construction [Abstract]	'	'
Total estimated project costs	'	742
Total costs incurred through September 30, 2014	'	277
Projected costs for the remainder of 2014	'	458
Projected costs in 2015	'	7
Total future costs	'	465
Rowan Relentless [Member]	'	'
Status of company's rigs under construction [Abstract]	'	'
Total estimated project costs	'	755
Total costs incurred through September 30, 2014	'	232
Projected costs for the remainder of 2014	'	38
Projected costs in 2015	'	485
Total future costs	'	523
Current Income Tax Receivable [Member]	'	'
Status of company's rigs under construction [Abstract]	'	'
Tax benefits recognized from settlement	35	'
Long-Term Receivables [Member]	'	'
Status of company's rigs under construction [Abstract]	'	'
Tax benefits recognized from settlement	-47	'
Other Long-term Liabilities [Member]	'	'
Status of company's rigs under construction [Abstract]	'	'
Tax benefits recognized from settlement	$58	'

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	0 Months Ended	9 Months Ended
	Mar. 05, 2014	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Unrecognized compensation cost related to nonvested share-based compensation arrangements	'	$37,400,000
Compensation expense over a remaining weighted-average period	'	'1 year 10 months 24 days
Restricted Stock Units and Stock Appreciation Rights [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Fair value of restricted stock granted	21,300,000	'
Aggregate grant date fair value, net of estimated forfeitures	20,200,000	'
Requisite service period	'2 years 8 months 12 days	'
Performance Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Target value of p-units granted during the period (in dollars per unit)	$100	'
Awards vesting period	'3 years	'
Total shareholder return, Minimum payout (in dollars per unit)	0	'
Total shareholder return, Maximum payout (in dollars per unit)	200	'
Vesting percentage based on relative total shareholder return ranking on annual basis	'	25.00%
Vesting percentage of performance units periodically (in hundredths)	'	25.00%
Grant date fair value of P-Units	'	$8,500,000
Performance measurement period	'	'3 years
Vesting percentage of performance units (in hundredths)	'	25.00%

Other_Financial_Statement_Disc2

Other Financial Statement Disclosures (Components of Receivables) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other Financial Statement Disclosures [Abstract]	'	'
Trade	$433,997	$323,679
Income tax	62,590	6,759
Other	13,607	14,108
Total receivables - trade and other	$510,194	$344,546

Other_Financial_Statement_Disc3

Other Financial Statement Disclosures (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (Recurring basis [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets - cash equivalents	$663,297	$1,063,500
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets - cash equivalents	0	0
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets - cash equivalents	0	0
Carrying value [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets - cash equivalents	$663,297	$1,063,500

Other_Financial_Statement_Disc4

Other Financial Statement Disclosures (Estimated Fair Values and Related Carrying Values of Long-term Debt Securities) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair value [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	$2,950,550	$2,117,474
Fair value [Member] | Senior Notes due 2017 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	431,153	433,879
Fair value [Member] | Senior Notes Due 2019 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	603,258	603,177
Fair value [Member] | Senior Notes due 2022 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	731,136	711,816
Fair value [Member] | Senior Notes due 2024 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	406,284	0
Fair value [Member] | Senior Notes Due 2042 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	378,314	368,602
Fair value [Member] | Senior Notes due 2044 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	400,405	0
Carrying value [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	2,807,540	2,008,700
Carrying value [Member] | Senior Notes due 2017 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	399,173	398,961
Carrying value [Member] | Senior Notes Due 2019 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	498,418	498,171
Carrying value [Member] | Senior Notes due 2022 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	712,035	713,208
Carrying value [Member] | Senior Notes due 2024 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	399,621	0
Carrying value [Member] | Senior Notes Due 2042 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	398,402	398,360
Carrying value [Member] | Senior Notes due 2044 [Member]	'	'
Fair values of Financial Instruments [Abstract]	'	'
Notes notes	$399,891	$0

Other_Financial_Statement_Disc5

Other Financial Statement Disclosures (Narrative) (Details) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

Jul. 31, 2014

Apr. 25, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Jan. 23, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Jan. 15, 2014

Jan. 15, 2014

Jan. 15, 2014

Feb. 28, 2014

Mar. 31, 2014

Oct. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Accumulated Other Comprehensive Income (Loss) [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Minimum [Member]

Maximum [Member]

Subsidiary Issuer [Member]

Senior Notes due 2024 [Member]

Senior Notes due 2044 [Member]

Rowan land rig [Member]

Air Transportation Equipment [Member]

Subsequent Event [Member]

Common Class C [Member]

Current Income Tax Receivable [Member]

broker

broker

Subsidiary Issuer [Member]

Subsidiary Issuer [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Tax benefits recognized from settlement

'

'

$46,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$35,000,000

Increase in tax receivable attributable to overpayment of 2014 U.S. federal income taxes

'

'

29,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets of Discontinued Operations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net carrying value of disposed rig

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24,200,000

'

'

'

'

Assets of discontinued operations

'

'

0

'

0

'

'

23,813,000

'

'

'

'

'

'

'

4,100,000

'

'

'

'

Deferred revenues classified as liabilities of discontinued operations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,100,000

'

'

'

'

Proceeds from sale of rig

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,000,000

'

'

'

'

Gain (loss) on disposals of property and equipment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,000,000

'

'

'

'

Long-term Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Subsidiary ownership percentage by parent

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

Principal amount of offering

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000,000

400,000,000

'

'

'

'

'

Stated interest rate percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

4.75%

5.85%

'

'

'

'

'

Debt instrument, issue amount as percentage of principal

'

'

'

'

'

'

'

'

'

'

'

'

'

99.90%

99.97%

'

'

'

'

'

Proceeds from issuance of debt

'

'

'

'

'

'

'

'

'

'

'

'

792,000,000

'

'

'

'

'

'

'

Redemption price, percentage of principal amount

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowing capacity

'

'

'

'

'

'

1,000,000,000

750,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Fair Values of Financial Instruments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of brokers who provided fair value of debt securities

'

'

'

'

'

'

'

'

'

'

1

2

'

'

'

'

'

'

'

'

Shareholders' Equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accumulated other comprehensive losses (AOCL)

'

'

135,451,000

'

135,451,000

'

'

142,445,000

135,500,000

210,100,000

'

'

'

'

'

'

'

'

'

'

Amortization of pension and postemployment benefit cost

'

'

2,453,000

3,701,000

7,281,000

10,986,000

'

'

7,281,000

10,986,000

'

'

'

'

'

'

'

'

'

'

Dividends declared (in dollars per share)

$0.10

$0.10

$0.10

$0

$0.20

$0

'

'

'

'

'

'

'

'

'

'

'

$0.10

'

'

Cancellation of shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,000,000,000

'

Supplemental Cash Flow Information [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued capital expenditures

'

'

'

'

48,900,000

37,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest capitalized in connection with rig construction projects

'

'

15,500,000

12,900,000

46,000,000

35,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income Taxes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Effective tax rate

'

'

-47.40%

-0.90%

-21.10%

6.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Litigation Settlement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from litigation settlements

'

'

'

'

20,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset Impairment Charges

'

'

'

'

8,300,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property, plant and equipment

'

'

$7,508,571,000

'

$7,508,571,000

'

'

$6,385,755,000

'

'

'

'

'

'

'

'

$12,700,000

'

'

'

Other_Financial_Statement_Disc6

Other Financial Statement Disclosure (Defined Benefit Plans) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other Financial Statement Disclosures [Abstract]	'	'	'	'
Actuarial gains (losses)	($4,909)	($6,924)	($14,570)	($20,553)
Prior service costs	1,142	1,230	3,390	3,652
Total before tax	-3,767	-5,694	-11,180	-16,901
Tax (expense) benefit	1,314	1,993	3,899	5,915
Total reclassifications for the period, net of tax	($2,453)	($3,701)	($7,281)	($10,986)

Guarantees_of_Registered_Secur2

Guarantees of Registered Securities (Narrative) (Details) (RCI (Issuer) [Member])	3 Months Ended
	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]	'
Subsidiary ownership percentage by parent	100.00%
Senior Notes due 2017 [Member] | Unsecured debt [Member]	'
Condensed Financial Statements, Captions [Line Items]	'
Stated interest rate percentage	5.00%
Senior Notes due 2019 [Member] | Unsecured debt [Member]	'
Condensed Financial Statements, Captions [Line Items]	'
Stated interest rate percentage	7.88%
Senior Notes due 2022 [Member] | Unsecured debt [Member]	'
Condensed Financial Statements, Captions [Line Items]	'
Stated interest rate percentage	4.88%
Senior Notes due 2024 [Member] | Unsecured debt [Member]	'
Condensed Financial Statements, Captions [Line Items]	'
Stated interest rate percentage	4.75%
Senior Notes due 2042 [Member] | Unsecured debt [Member]	'
Condensed Financial Statements, Captions [Line Items]	'
Stated interest rate percentage	5.40%
Senior Notes due 2044 [Member] | Unsecured debt [Member]	'
Condensed Financial Statements, Captions [Line Items]	'
Stated interest rate percentage	5.85%

Guarantees_of_Registered_Secur3

Guarantees of Registered Securities (Prior Period Adjustments) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Condensed Consolidating Balance Sheets	'	'
Other current assets	$82,772	$67,675
Due from affiliates	0	0
Accrued liabilities	129,836	155,971
Due to affiliates	0	0
Other liabilities (noncurrent)	238,232	289,061
Deferred income taxes - net	410,925	429,655
Retained earnings	3,806,453	3,619,540
RCI (Issuer) [Member]	'	'
Condensed Consolidating Balance Sheets	'	'
Other current assets	70,605	43,613
Due from affiliates	1,276,950	1,384,573
Accrued liabilities	62,448	105,421
Due to affiliates	137,332	502,139
Other liabilities (noncurrent)	188,855	239,287
Deferred income taxes - net	477,456	421,622
RCI (Issuer) [Member] | As reported [Member]	'	'
Condensed Consolidating Balance Sheets	'	'
Other current assets	'	45,031
Due from affiliates	'	1,439,112
Accrued liabilities	'	101,478
Due to affiliates	'	575,184
Other liabilities (noncurrent)	'	194,966
Deferred income taxes - net	'	126,681
Retained earnings	'	4,795,441
RCI (Issuer) [Member] | As corrected [Member]	'	'
Condensed Consolidating Balance Sheets	'	'
Other current assets	'	43,611
Due from affiliates	'	1,436,736
Accrued liabilities	'	99,102
Due to affiliates	'	546,690
Other liabilities (noncurrent)	'	235,779
Deferred income taxes - net	'	115,376
Retained earnings	'	4,793,007
Other non-guarantor subsidiaries [Member]	'	'
Condensed Consolidating Balance Sheets	'	'
Other current assets	11,531	23,773
Due from affiliates	138,071	506,455
Accrued liabilities	67,105	50,550
Due to affiliates	1,276,585	1,367,013
Other liabilities (noncurrent)	43,361	41,639
Deferred income taxes - net	374,066	423,216
Other non-guarantor subsidiaries [Member] | As reported [Member]	'	'
Condensed Consolidating Balance Sheets	'	'
Other current assets	'	22,355
Due from affiliates	'	579,501
Accrued liabilities	'	54,493
Due to affiliates	'	1,421,553
Other liabilities (noncurrent)	'	85,960
Deferred income taxes - net	'	302,974
Retained earnings	'	5,908,071
Other non-guarantor subsidiaries [Member] | As corrected [Member]	'	'
Condensed Consolidating Balance Sheets	'	'
Other current assets	'	23,775
Due from affiliates	'	542,331
Accrued liabilities	'	56,869
Due to affiliates	'	1,410,501
Other liabilities (noncurrent)	'	45,147
Deferred income taxes - net	'	314,279
Retained earnings	'	$5,910,505

Guarantees_of_Registered_Secur4

Guarantees of Registered Securities (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
CURRENT ASSETS:	'	'	'	'	'
Cash and cash equivalents	$707,729	$1,008,879	$707,729	$1,008,879	'
Receivables - trade and other	510,194	'	510,194	'	344,546
Other current assets	82,772	'	82,772	'	67,675
Assets of discontinued operations	0	'	0	'	23,813
Total current assets	1,300,695	'	1,300,695	'	1,528,878
Property, plant and equipment - gross	9,540,591	'	9,540,591	'	8,197,715
Less accumulated depreciation and amortization	2,032,020	'	2,032,020	'	1,811,960
Property, plant and equipment - net	7,508,571	'	7,508,571	'	6,385,755
Investments in subsidiaries	0	'	0	'	0
Due from affiliates	0	'	0	'	0
Other assets	19,514	'	19,514	'	61,128
TOTAL ASSETS	8,828,780	'	8,828,780	'	7,975,761
CURRENT LIABILITIES:	'	'	'	'	'
Accounts payable - trade	100,453	'	100,453	'	123,976
Deferred revenues	31,803	'	31,803	'	54,515
Accrued liabilities	129,836	'	129,836	'	155,971
Liabilities of discontinued operations	0	'	0	'	20,122
Total current liabilities	262,092	'	262,092	'	354,584
Long-term debt	2,807,540	'	2,807,540	'	2,008,700
Due to affiliates	0	'	0	'	0
Other liabilities	238,232	'	238,232	'	289,061
Deferred income taxes - net	410,925	'	410,925	'	429,655
Shareholders' equity	5,109,991	'	5,109,991	'	4,893,761
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	8,828,780	'	8,828,780	'	7,975,761
Consolidating Income Statements	'	'	'	'	'
REVENUES	467,692	382,808	1,268,172	1,185,929	'
COSTS AND EXPENSES:	'	'	'	'	'
Direct operating costs (excluding items below)	246,907	211,827	711,854	637,340	'
Depreciation and amortization	81,503	69,274	230,054	200,421	'
Selling, general and administrative	33,040	33,263	92,057	95,957	'
Loss (gain) on disposals of property and equipment	58	-65	1,720	-18,979	'
Litigation settlement	0	0	-20,875	0	'
Material charges and other operating expenses	0	0	8,300	0	'
Total costs and expenses	361,508	314,299	1,023,110	914,739	'
INCOME (LOSS) FROM OPERATIONS	106,184	68,509	245,062	271,190	'
OTHER INCOME (EXPENSE):	'	'	'	'	'
Interest expense, net of interest capitalized	-25,656	-17,111	-74,308	-53,377	'
Interest income	372	417	1,721	1,144	'
Loss on extinguishment of debt	'	0	'	'	'
Other - net	269	-368	-627	-1,605	'
Total other income (expense) - net	-25,015	-17,062	-73,214	-53,838	'
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	81,169	51,447	171,848	217,352	'
(Benefit) provision for income taxes	-38,428	-453	-36,165	14,474	'
NET INCOME FROM CONTINUING OPERATIONS	119,597	51,900	208,013	202,878	'
DISCONTINUED OPERATIONS, NET OF TAX	0	0	4,023	'	'
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	0	0	0	0	'
Net income	119,597	51,900	212,036	202,878	'
Statement of Comprehensive Income [Abstract]	'	'	'	'	'
Net income	119,597	51,900	212,036	202,878	'
Pension and other postemployment benefit adjustments, net of income taxes	'	'	'	'	'
Amortization of net loss	3,190	4,500	9,470	13,359	'
Amortization of prior service credit	-737	-799	-2,189	-2,373	'
OTHER COMPREHENSIVE INCOME	2,453	3,701	7,281	10,986	'
COMPREHENSIVE INCOME	122,050	55,601	219,317	213,864	'
Consolidated Statement of Cash Flows [Abstract]	'	'	'	'	'
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	'	'	200,222	392,032	'
INVESTING ACTIVITIES:	'	'	'	'	'
Property, plant and equipment additions	'	'	-1,367,414	-455,164	'
Proceeds from disposals of property, plant and equipment	'	'	9,767	42,295	'
Investments in consolidated subsidiaries	'	'	0	0	'
Net cash used in investing activities	'	'	-1,357,647	-412,869	'
FINANCING ACTIVITIES:	'	'	'	'	'
Advances (to) from affiliates	'	'	0	0	'
Contributions from parent	'	'	0	0	'
Proceeds from borrowings	'	'	793,380	0	'
Debt issue costs	'	'	-687	0	'
Dividends paid	'	'	-25,123	0	'
Excess tax benefits from share-based compensation	'	'	15	977	'
Proceeds from exercise of share options	'	'	4,725	2,911	'
Proceeds from (Payments for) Other Financing Activities	'	'	0	1,820	'
Net cash provided by financing activities	'	'	772,310	5,708	'
DECREASE IN CASH AND CASH EQUIVALENTS	'	'	-385,115	-15,129	'
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	'	'	1,092,844	1,024,008	'
CASH AND CASH EQUIVALENTS, END OF PERIOD	707,729	1,008,879	707,729	1,008,879	'
Rowan Companies plc (Parent) [Member]	'	'	'	'	'
CURRENT ASSETS:	'	'	'	'	'
Cash and cash equivalents	90,014	63,485	90,014	63,485	'
Receivables - trade and other	129	'	129	'	58
Other current assets	636	'	636	'	289
Assets of discontinued operations	'	'	'	'	0
Total current assets	90,779	'	90,779	'	64,639
Property, plant and equipment - gross	0	'	0	'	0
Less accumulated depreciation and amortization	0	'	0	'	0
Property, plant and equipment - net	0	'	0	'	0
Investments in subsidiaries	5,027,024	'	5,027,024	'	4,860,492
Due from affiliates	941	'	941	'	136
Other assets	0	'	0	'	0
TOTAL ASSETS	5,118,744	'	5,118,744	'	4,925,267
CURRENT LIABILITIES:	'	'	'	'	'
Accounts payable - trade	409	'	409	'	1,359
Deferred revenues	0	'	0	'	0
Accrued liabilities	283	'	283	'	0
Liabilities of discontinued operations	'	'	'	'	0
Total current liabilities	692	'	692	'	1,359
Long-term debt	0	'	0	'	0
Due to affiliates	2,045	'	2,045	'	22,012
Other liabilities	6,016	'	6,016	'	8,135
Deferred income taxes - net	0	'	0	'	0
Shareholders' equity	5,109,991	'	5,109,991	'	4,893,761
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	5,118,744	'	5,118,744	'	4,925,267
Consolidating Income Statements	'	'	'	'	'
REVENUES	0	0	0	0	'
COSTS AND EXPENSES:	'	'	'	'	'
Direct operating costs (excluding items below)	0	0	0	0	'
Depreciation and amortization	0	0	0	0	'
Selling, general and administrative	6,020	6,363	17,563	22,462	'
Loss (gain) on disposals of property and equipment	0	0	0	0	'
Litigation settlement	0	'	0	'	'
Material charges and other operating expenses	0	'	0	'	'
Total costs and expenses	6,020	6,363	17,563	22,462	'
INCOME (LOSS) FROM OPERATIONS	-6,020	-6,363	-17,563	-22,462	'
OTHER INCOME (EXPENSE):	'	'	'	'	'
Interest expense, net of interest capitalized	0	0	0	0	'
Interest income	71	59	274	153	'
Loss on extinguishment of debt	'	0	'	'	'
Other - net	9,798	2,496	16,798	7,497	'
Total other income (expense) - net	9,869	2,555	17,072	7,650	'
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	3,849	-3,808	-491	-14,812	'
(Benefit) provision for income taxes	0	0	0	0	'
NET INCOME FROM CONTINUING OPERATIONS	3,849	-3,808	-491	-14,812	'
DISCONTINUED OPERATIONS, NET OF TAX	0	0	0	'	'
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	115,748	55,708	212,527	217,690	'
Net income	119,597	51,900	212,036	202,878	'
Statement of Comprehensive Income [Abstract]	'	'	'	'	'
Net income	119,597	51,900	212,036	202,878	'
Pension and other postemployment benefit adjustments, net of income taxes	'	'	'	'	'
Amortization of net loss	3,190	4,500	9,470	13,359	'
Amortization of prior service credit	-737	-799	-2,189	-2,373	'
OTHER COMPREHENSIVE INCOME	2,453	3,701	7,281	10,986	'
COMPREHENSIVE INCOME	122,050	55,601	219,317	213,864	'
Consolidated Statement of Cash Flows [Abstract]	'	'	'	'	'
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	'	'	66,891	-12,478	'
INVESTING ACTIVITIES:	'	'	'	'	'
Property, plant and equipment additions	'	'	0	0	'
Proceeds from disposals of property, plant and equipment	'	'	0	0	'
Investments in consolidated subsidiaries	'	'	0	-100	'
Net cash used in investing activities	'	'	0	-100	'
FINANCING ACTIVITIES:	'	'	'	'	'
Advances (to) from affiliates	'	'	-20,771	12,704	'
Contributions from parent	'	'	0	0	'
Proceeds from borrowings	'	'	0	'	'
Debt issue costs	'	'	0	'	'
Dividends paid	'	'	-25,123	'	'
Excess tax benefits from share-based compensation	'	'	0	0	'
Proceeds from exercise of share options	'	'	4,725	2,911	'
Proceeds from (Payments for) Other Financing Activities	'	'	'	1,820	'
Net cash provided by financing activities	'	'	-41,169	17,435	'
DECREASE IN CASH AND CASH EQUIVALENTS	'	'	25,722	4,857	'
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	'	'	64,292	58,628	'
CASH AND CASH EQUIVALENTS, END OF PERIOD	90,014	63,485	90,014	63,485	'
RCI (Issuer) [Member]	'	'	'	'	'
CURRENT ASSETS:	'	'	'	'	'
Cash and cash equivalents	62,574	277,829	62,574	277,829	'
Receivables - trade and other	62,502	'	62,502	'	7,877
Other current assets	70,605	'	70,605	'	43,613
Assets of discontinued operations	'	'	'	'	23,813
Total current assets	195,681	'	195,681	'	167,419
Property, plant and equipment - gross	674,959	'	674,959	'	593,606
Less accumulated depreciation and amortization	305,457	'	305,457	'	243,666
Property, plant and equipment - net	369,502	'	369,502	'	349,940
Investments in subsidiaries	6,123,393	'	6,123,393	'	5,657,926
Due from affiliates	1,276,950	'	1,276,950	'	1,384,573
Other assets	18,877	'	18,877	'	60,343
TOTAL ASSETS	7,984,403	'	7,984,403	'	7,620,201
CURRENT LIABILITIES:	'	'	'	'	'
Accounts payable - trade	9,607	'	9,607	'	13,409
Deferred revenues	0	'	0	'	0
Accrued liabilities	62,448	'	62,448	'	105,421
Liabilities of discontinued operations	'	'	'	'	20,122
Total current liabilities	72,055	'	72,055	'	138,952
Long-term debt	2,807,540	'	2,807,540	'	2,008,700
Due to affiliates	137,332	'	137,332	'	502,139
Other liabilities	188,855	'	188,855	'	239,287
Deferred income taxes - net	477,456	'	477,456	'	421,622
Shareholders' equity	4,301,165	'	4,301,165	'	4,309,501
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	7,984,403	'	7,984,403	'	7,620,201
Consolidating Income Statements	'	'	'	'	'
REVENUES	17,437	33,381	46,854	93,017	'
COSTS AND EXPENSES:	'	'	'	'	'
Direct operating costs (excluding items below)	-2,247	8,462	7,243	25,771	'
Depreciation and amortization	3,439	6,868	13,152	32,144	'
Selling, general and administrative	319	1,434	3,650	3,885	'
Loss (gain) on disposals of property and equipment	74	2	402	231	'
Litigation settlement	0	'	0	'	'
Material charges and other operating expenses	0	'	0	'	'
Total costs and expenses	1,585	16,766	24,447	62,031	'
INCOME (LOSS) FROM OPERATIONS	15,852	16,615	22,407	30,986	'
OTHER INCOME (EXPENSE):	'	'	'	'	'
Interest expense, net of interest capitalized	-25,657	-17,111	-74,309	-53,377	'
Interest income	746	122	1,746	358	'
Loss on extinguishment of debt	'	0	'	'	'
Other - net	-9,793	-2,690	-16,782	-7,460	'
Total other income (expense) - net	-34,704	-19,679	-89,345	-60,479	'
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	-18,852	-3,064	-66,938	-29,493	'
(Benefit) provision for income taxes	-27,095	-3,826	-48,367	-9,112	'
NET INCOME FROM CONTINUING OPERATIONS	8,243	762	-18,571	-20,381	'
DISCONTINUED OPERATIONS, NET OF TAX	0	0	4,023	'	'
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	34,944	15,898	52,525	100,268	'
Net income	43,187	16,660	37,977	79,887	'
Statement of Comprehensive Income [Abstract]	'	'	'	'	'
Net income	43,187	16,660	37,977	79,887	'
Pension and other postemployment benefit adjustments, net of income taxes	'	'	'	'	'
Amortization of net loss	3,190	4,500	9,470	13,359	'
Amortization of prior service credit	-737	-799	-2,189	-2,373	'
OTHER COMPREHENSIVE INCOME	2,453	3,701	7,281	10,986	'
COMPREHENSIVE INCOME	45,640	20,361	45,258	90,873	'
Consolidated Statement of Cash Flows [Abstract]	'	'	'	'	'
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	'	'	294,344	12,237	'
INVESTING ACTIVITIES:	'	'	'	'	'
Property, plant and equipment additions	'	'	-15,995	-39,413	'
Proceeds from disposals of property, plant and equipment	'	'	6,955	2,230	'
Investments in consolidated subsidiaries	'	'	-105,261	-170,107	'
Net cash used in investing activities	'	'	-114,301	-207,290	'
FINANCING ACTIVITIES:	'	'	'	'	'
Advances (to) from affiliates	'	'	-927,293	243,820	'
Contributions from parent	'	'	0	0	'
Proceeds from borrowings	'	'	793,380	'	'
Debt issue costs	'	'	-687	'	'
Dividends paid	'	'	-75,000	'	'
Excess tax benefits from share-based compensation	'	'	15	977	'
Proceeds from exercise of share options	'	'	0	0	'
Proceeds from (Payments for) Other Financing Activities	'	'	'	0	'
Net cash provided by financing activities	'	'	-209,585	244,797	'
DECREASE IN CASH AND CASH EQUIVALENTS	'	'	-29,542	49,744	'
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	'	'	92,116	228,085	'
CASH AND CASH EQUIVALENTS, END OF PERIOD	62,574	277,829	62,574	277,829	'
Other non-guarantor subsidiaries [Member]	'	'	'	'	'
CURRENT ASSETS:	'	'	'	'	'
Cash and cash equivalents	555,141	667,565	555,141	667,565	'
Receivables - trade and other	447,563	'	447,563	'	336,611
Other current assets	11,531	'	11,531	'	23,773
Assets of discontinued operations	'	'	'	'	0
Total current assets	1,014,235	'	1,014,235	'	1,296,820
Property, plant and equipment - gross	8,865,632	'	8,865,632	'	7,604,109
Less accumulated depreciation and amortization	1,726,563	'	1,726,563	'	1,568,294
Property, plant and equipment - net	7,139,069	'	7,139,069	'	6,035,815
Investments in subsidiaries	0	'	0	'	0
Due from affiliates	138,071	'	138,071	'	506,455
Other assets	637	'	637	'	785
TOTAL ASSETS	8,292,012	'	8,292,012	'	7,839,875
CURRENT LIABILITIES:	'	'	'	'	'
Accounts payable - trade	90,437	'	90,437	'	109,208
Deferred revenues	31,803	'	31,803	'	54,515
Accrued liabilities	67,105	'	67,105	'	50,550
Liabilities of discontinued operations	'	'	'	'	0
Total current liabilities	189,345	'	189,345	'	214,273
Long-term debt	0	'	0	'	0
Due to affiliates	1,276,585	'	1,276,585	'	1,367,013
Other liabilities	43,361	'	43,361	'	41,639
Deferred income taxes - net	374,066	'	374,066	'	423,216
Shareholders' equity	6,408,655	'	6,408,655	'	5,793,734
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	8,292,012	'	8,292,012	'	7,839,875
Consolidating Income Statements	'	'	'	'	'
REVENUES	468,013	380,307	1,269,101	1,179,913	'
COSTS AND EXPENSES:	'	'	'	'	'
Direct operating costs (excluding items below)	266,104	234,245	749,886	698,570	'
Depreciation and amortization	78,213	62,406	217,403	168,277	'
Selling, general and administrative	27,360	25,466	72,851	69,610	'
Loss (gain) on disposals of property and equipment	-16	-67	1,318	-19,210	'
Litigation settlement	0	'	-20,875	'	'
Material charges and other operating expenses	0	'	8,300	'	'
Total costs and expenses	371,661	322,050	1,028,883	917,247	'
INCOME (LOSS) FROM OPERATIONS	96,352	58,257	240,218	262,666	'
OTHER INCOME (EXPENSE):	'	'	'	'	'
Interest expense, net of interest capitalized	-713	-38	-1,304	-106	'
Interest income	269	274	1,006	739	'
Loss on extinguishment of debt	'	0	'	'	'
Other - net	264	-174	-643	-1,642	'
Total other income (expense) - net	-180	62	-941	-1,009	'
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	96,172	58,319	239,277	261,657	'
(Benefit) provision for income taxes	252	-1,652	37,618	34,644	'
NET INCOME FROM CONTINUING OPERATIONS	95,920	59,971	201,659	227,013	'
DISCONTINUED OPERATIONS, NET OF TAX	0	0	0	'	'
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	0	0	0	0	'
Net income	95,920	59,971	201,659	227,013	'
Statement of Comprehensive Income [Abstract]	'	'	'	'	'
Net income	95,920	59,971	201,659	227,013	'
Pension and other postemployment benefit adjustments, net of income taxes	'	'	'	'	'
Amortization of net loss	0	0	0	0	'
Amortization of prior service credit	0	0	0	0	'
OTHER COMPREHENSIVE INCOME	0	0	0	0	'
COMPREHENSIVE INCOME	95,920	59,971	201,659	227,013	'
Consolidated Statement of Cash Flows [Abstract]	'	'	'	'	'
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	'	'	432,075	392,273	'
INVESTING ACTIVITIES:	'	'	'	'	'
Property, plant and equipment additions	'	'	-1,351,419	-415,751	'
Proceeds from disposals of property, plant and equipment	'	'	2,812	40,065	'
Investments in consolidated subsidiaries	'	'	0	0	'
Net cash used in investing activities	'	'	-1,348,607	-375,686	'
FINANCING ACTIVITIES:	'	'	'	'	'
Advances (to) from affiliates	'	'	532,376	-256,524	'
Contributions from parent	'	'	105,261	170,207	'
Proceeds from borrowings	'	'	0	'	'
Debt issue costs	'	'	0	'	'
Dividends paid	'	'	-102,400	'	'
Excess tax benefits from share-based compensation	'	'	0	0	'
Proceeds from exercise of share options	'	'	0	0	'
Proceeds from (Payments for) Other Financing Activities	'	'	'	0	'
Net cash provided by financing activities	'	'	535,237	-86,317	'
DECREASE IN CASH AND CASH EQUIVALENTS	'	'	-381,295	-69,730	'
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	'	'	936,436	737,295	'
CASH AND CASH EQUIVALENTS, END OF PERIOD	555,141	667,565	555,141	667,565	'
Consolidating adjustments [Member]	'	'	'	'	'
CURRENT ASSETS:	'	'	'	'	'
Cash and cash equivalents	0	0	0	0	'
Receivables - trade and other	0	'	0	'	0
Other current assets	0	'	0	'	0
Assets of discontinued operations	'	'	'	'	0
Total current assets	0	'	0	'	0
Property, plant and equipment - gross	0	'	0	'	0
Less accumulated depreciation and amortization	0	'	0	'	0
Property, plant and equipment - net	0	'	0	'	0
Investments in subsidiaries	-11,150,417	'	-11,150,417	'	-10,518,418
Due from affiliates	-1,415,962	'	-1,415,962	'	-1,891,164
Other assets	0	'	0	'	0
TOTAL ASSETS	-12,566,379	'	-12,566,379	'	-12,409,582
CURRENT LIABILITIES:	'	'	'	'	'
Accounts payable - trade	0	'	0	'	0
Deferred revenues	0	'	0	'	0
Accrued liabilities	0	'	0	'	0
Liabilities of discontinued operations	'	'	'	'	0
Total current liabilities	0	'	0	'	0
Long-term debt	0	'	0	'	0
Due to affiliates	-1,415,962	'	-1,415,962	'	-1,891,164
Other liabilities	0	'	0	'	0
Deferred income taxes - net	-440,597	'	-440,597	'	-415,183
Shareholders' equity	-10,709,820	'	-10,709,820	'	-10,103,235
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	-12,566,379	'	-12,566,379	'	-12,409,582
Consolidating Income Statements	'	'	'	'	'
REVENUES	-17,758	-30,880	-47,783	-87,001	'
COSTS AND EXPENSES:	'	'	'	'	'
Direct operating costs (excluding items below)	-16,950	-30,880	-45,275	-87,001	'
Depreciation and amortization	-149	0	-501	0	'
Selling, general and administrative	-659	0	-2,007	0	'
Loss (gain) on disposals of property and equipment	0	0	0	0	'
Litigation settlement	0	'	0	'	'
Material charges and other operating expenses	0	'	0	'	'
Total costs and expenses	-17,758	-30,880	-47,783	-87,001	'
INCOME (LOSS) FROM OPERATIONS	0	0	0	0	'
OTHER INCOME (EXPENSE):	'	'	'	'	'
Interest expense, net of interest capitalized	714	38	1,305	106	'
Interest income	-714	-38	-1,305	-106	'
Loss on extinguishment of debt	'	0	'	'	'
Other - net	0	0	0	0	'
Total other income (expense) - net	0	0	0	0	'
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	0	0	0	0	'
(Benefit) provision for income taxes	-11,585	5,025	-25,416	-11,058	'
NET INCOME FROM CONTINUING OPERATIONS	11,585	-5,025	25,416	11,058	'
DISCONTINUED OPERATIONS, NET OF TAX	0	0	0	'	'
EQUITY IN EARNINGS OF SUBSIDIARIES, NET OF TAX	-150,692	-71,606	-265,052	-317,958	'
Net income	-139,107	-76,631	-239,636	-306,900	'
Statement of Comprehensive Income [Abstract]	'	'	'	'	'
Net income	-139,107	-76,631	-239,636	-306,900	'
Pension and other postemployment benefit adjustments, net of income taxes	'	'	'	'	'
Amortization of net loss	-3,190	-4,500	-9,470	-13,359	'
Amortization of prior service credit	737	799	2,189	2,373	'
OTHER COMPREHENSIVE INCOME	-2,453	-3,701	-7,281	-10,986	'
COMPREHENSIVE INCOME	-141,560	-80,332	-246,917	-317,886	'
Consolidated Statement of Cash Flows [Abstract]	'	'	'	'	'
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	'	'	-593,088	0	'
INVESTING ACTIVITIES:	'	'	'	'	'
Property, plant and equipment additions	'	'	0	0	'
Proceeds from disposals of property, plant and equipment	'	'	0	0	'
Investments in consolidated subsidiaries	'	'	105,261	170,207	'
Net cash used in investing activities	'	'	105,261	170,207	'
FINANCING ACTIVITIES:	'	'	'	'	'
Advances (to) from affiliates	'	'	415,688	0	'
Contributions from parent	'	'	-105,261	-170,207	'
Proceeds from borrowings	'	'	0	'	'
Debt issue costs	'	'	0	'	'
Dividends paid	'	'	177,400	'	'
Excess tax benefits from share-based compensation	'	'	0	0	'
Proceeds from exercise of share options	'	'	0	0	'
Proceeds from (Payments for) Other Financing Activities	'	'	'	0	'
Net cash provided by financing activities	'	'	487,827	-170,207	'
DECREASE IN CASH AND CASH EQUIVALENTS	'	'	0	0	'
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	'	'	0	0	'
CASH AND CASH EQUIVALENTS, END OF PERIOD	$0	$0	$0	$0	'