context
stringlengths 21
24.6k
| category
stringclasses 2
values | entity
stringlengths 1
12
| entity_type
stringclasses 5
values | query
stringlengths 97
3.31k
| answer
stringlengths 12
168
|
|---|---|---|---|---|---|
Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $ 632.9 million, $ 644.9 million and $ 663.1 million during 2024, 2023 and 2022, respectively. | text | 632.9 | monetaryItemType | text: <entity> 632.9 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $ 632.9 million, $ 644.9 million and $ 663.1 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $ 632.9 million, $ 644.9 million and $ 663.1 million during 2024, 2023 and 2022, respectively. | text | 644.9 | monetaryItemType | text: <entity> 644.9 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $ 632.9 million, $ 644.9 million and $ 663.1 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $ 632.9 million, $ 644.9 million and $ 663.1 million during 2024, 2023 and 2022, respectively. | text | 663.1 | monetaryItemType | text: <entity> 663.1 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense included in depreciation and amortization expense in our consolidated statements of income (loss) totaled $ 632.9 million, $ 644.9 million and $ 663.1 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $ 199.2 million, $ 228.2 million and $ 202.5 million during 2024, 2023 and 2022, respectively. | text | 199.2 | monetaryItemType | text: <entity> 199.2 </entity> <entity type> monetaryItemType </entity type> <context> Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $ 199.2 million, $ 228.2 million and $ 202.5 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:CostOfPropertyRepairsAndMaintenance |
Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $ 199.2 million, $ 228.2 million and $ 202.5 million during 2024, 2023 and 2022, respectively. | text | 228.2 | monetaryItemType | text: <entity> 228.2 </entity> <entity type> monetaryItemType </entity type> <context> Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $ 199.2 million, $ 228.2 million and $ 202.5 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:CostOfPropertyRepairsAndMaintenance |
Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $ 199.2 million, $ 228.2 million and $ 202.5 million during 2024, 2023 and 2022, respectively. | text | 202.5 | monetaryItemType | text: <entity> 202.5 </entity> <entity type> monetaryItemType </entity type> <context> Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $ 199.2 million, $ 228.2 million and $ 202.5 million during 2024, 2023 and 2022, respectively. </context> | us-gaap:CostOfPropertyRepairsAndMaintenance |
As of December 31, 2024, approximately 33 % and 26 % of our net accounts receivable balance was related to our operations in Saudi Arabia and Mexico, respectively. Management considers this credit risk to be limited due to the financial resources of our primary customer in each of these countries. Nabors’ receivables from its primary customer in Mexico are not in dispute and Nabors has not historically had any material write-offs due to uncollectible accounts receivable relating to this customer. | text | 33 | percentItemType | text: <entity> 33 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, approximately 33 % and 26 % of our net accounts receivable balance was related to our operations in Saudi Arabia and Mexico, respectively. Management considers this credit risk to be limited due to the financial resources of our primary customer in each of these countries. Nabors’ receivables from its primary customer in Mexico are not in dispute and Nabors has not historically had any material write-offs due to uncollectible accounts receivable relating to this customer. </context> | us-gaap:ConcentrationRiskPercentage1 |
As of December 31, 2024, approximately 33 % and 26 % of our net accounts receivable balance was related to our operations in Saudi Arabia and Mexico, respectively. Management considers this credit risk to be limited due to the financial resources of our primary customer in each of these countries. Nabors’ receivables from its primary customer in Mexico are not in dispute and Nabors has not historically had any material write-offs due to uncollectible accounts receivable relating to this customer. | text | 26 | percentItemType | text: <entity> 26 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, approximately 33 % and 26 % of our net accounts receivable balance was related to our operations in Saudi Arabia and Mexico, respectively. Management considers this credit risk to be limited due to the financial resources of our primary customer in each of these countries. Nabors’ receivables from its primary customer in Mexico are not in dispute and Nabors has not historically had any material write-offs due to uncollectible accounts receivable relating to this customer. </context> | us-gaap:ConcentrationRiskPercentage1 |
Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. | text | 7.50 | percentItemType | text: <entity> 7.50 </entity> <entity type> percentItemType </entity type> <context> Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. | text | 8.875 | percentItemType | text: <entity> 8.875 </entity> <entity type> percentItemType </entity type> <context> Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. | text | 7.375 | percentItemType | text: <entity> 7.375 </entity> <entity type> percentItemType </entity type> <context> Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. | text | 9.125 | percentItemType | text: <entity> 9.125 </entity> <entity type> percentItemType </entity type> <context> Our financial instruments that are potentially sensitive to changes in interest rates include our floating rate debt instruments comprised of the 2024 Credit Agreement and our fixed rate debt securities comprised of our 1.75 % senior exchangeable notes, 7.50 % and 8.875 % senior guaranteed notes and 7.375 % and 9.125 % senior priority guaranteed notes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 474.1 | monetaryItemType | text: <entity> 474.1 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 5.75 | percentItemType | text: <entity> 5.75 </entity> <entity type> percentItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 487.0 | monetaryItemType | text: <entity> 487.0 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentUnamortizedPremium |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 11.5 | monetaryItemType | text: <entity> 11.5 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:InterestPayableCurrentAndNoncurrent |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 555.9 | monetaryItemType | text: <entity> 555.9 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentRepurchasedFaceAmount |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 7.25 | percentItemType | text: <entity> 7.25 </entity> <entity type> percentItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 568.3 | monetaryItemType | text: <entity> 568.3 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentRepurchaseAmount |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 10.1 | monetaryItemType | text: <entity> 10.1 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentUnamortizedPremium |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 2.4 | monetaryItemType | text: <entity> 2.4 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:InterestPayableCurrentAndNoncurrent |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 14.9 | monetaryItemType | text: <entity> 14.9 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:GainLossOnRepurchaseOfDebtInstrument |
During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. | text | 0.75 | percentItemType | text: <entity> 0.75 </entity> <entity type> percentItemType </entity type> <context> During 2024, we fully redeemed the $ 474.1 million remaining balance of the 5.75 % senior notes due February 2025 for approximately $ 487.0 million in cash, including principal, premium of $ 1.4 million and $ 11.5 million in accrued and unpaid interest. We also fully redeemed the $ 555.9 million remaining balance of the 7.25 % senior guaranteed notes due January 2026 for approximately $ 568.3 million in cash, including principal, premium of $ 10.1 million and $ 2.4 million in accrued and unpaid interest. In connection with the redemptions, we recognized a $ 14.9 million loss for the year ended December 31, 2024, which is included in Other, net in our condensed consolidated statement of income (loss). In addition, the remaining balance of the 0.75 % senior exchangeable notes due January 2024 were fully redeemed. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On July 22, 2024, Nabors issued $ 550.0 million in aggregate principal amount of 8.875 % senior guaranteed notes, which are fully and unconditionally guaranteed by Nabors and certain of Nabors’ indirect wholly-owned subsidiaries. Interest on the notes is payable on February 15 and August 15 of each year. The notes have a maturity date of August 15, 2031. | text | 550.0 | monetaryItemType | text: <entity> 550.0 </entity> <entity type> monetaryItemType </entity type> <context> On July 22, 2024, Nabors issued $ 550.0 million in aggregate principal amount of 8.875 % senior guaranteed notes, which are fully and unconditionally guaranteed by Nabors and certain of Nabors’ indirect wholly-owned subsidiaries. Interest on the notes is payable on February 15 and August 15 of each year. The notes have a maturity date of August 15, 2031. </context> | us-gaap:DebtInstrumentCarryingAmount |
On July 22, 2024, Nabors issued $ 550.0 million in aggregate principal amount of 8.875 % senior guaranteed notes, which are fully and unconditionally guaranteed by Nabors and certain of Nabors’ indirect wholly-owned subsidiaries. Interest on the notes is payable on February 15 and August 15 of each year. The notes have a maturity date of August 15, 2031. | text | 8.875 | percentItemType | text: <entity> 8.875 </entity> <entity type> percentItemType </entity type> <context> On July 22, 2024, Nabors issued $ 550.0 million in aggregate principal amount of 8.875 % senior guaranteed notes, which are fully and unconditionally guaranteed by Nabors and certain of Nabors’ indirect wholly-owned subsidiaries. Interest on the notes is payable on February 15 and August 15 of each year. The notes have a maturity date of August 15, 2031. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In February 2023, Nabors Delaware issued $ 250.0 million in aggregate principal amount of 1.75 % senior exchangeable notes due 2029, which are fully and unconditionally guaranteed by Nabors. The notes bear interest at a rate of 1.75 % per year payable semiannually on June 15 and December 15 of each year, beginning on December 15, 2023. As of December 31, 2024, there was $ 250.0 million in aggregate principal amount that remained outstanding. | text | 250.0 | monetaryItemType | text: <entity> 250.0 </entity> <entity type> monetaryItemType </entity type> <context> In February 2023, Nabors Delaware issued $ 250.0 million in aggregate principal amount of 1.75 % senior exchangeable notes due 2029, which are fully and unconditionally guaranteed by Nabors. The notes bear interest at a rate of 1.75 % per year payable semiannually on June 15 and December 15 of each year, beginning on December 15, 2023. As of December 31, 2024, there was $ 250.0 million in aggregate principal amount that remained outstanding. </context> | us-gaap:DebtInstrumentFaceAmount |
In February 2023, Nabors Delaware issued $ 250.0 million in aggregate principal amount of 1.75 % senior exchangeable notes due 2029, which are fully and unconditionally guaranteed by Nabors. The notes bear interest at a rate of 1.75 % per year payable semiannually on June 15 and December 15 of each year, beginning on December 15, 2023. As of December 31, 2024, there was $ 250.0 million in aggregate principal amount that remained outstanding. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> In February 2023, Nabors Delaware issued $ 250.0 million in aggregate principal amount of 1.75 % senior exchangeable notes due 2029, which are fully and unconditionally guaranteed by Nabors. The notes bear interest at a rate of 1.75 % per year payable semiannually on June 15 and December 15 of each year, beginning on December 15, 2023. As of December 31, 2024, there was $ 250.0 million in aggregate principal amount that remained outstanding. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In February 2023, Nabors Delaware issued $ 250.0 million in aggregate principal amount of 1.75 % senior exchangeable notes due 2029, which are fully and unconditionally guaranteed by Nabors. The notes bear interest at a rate of 1.75 % per year payable semiannually on June 15 and December 15 of each year, beginning on December 15, 2023. As of December 31, 2024, there was $ 250.0 million in aggregate principal amount that remained outstanding. | text | 250.0 | monetaryItemType | text: <entity> 250.0 </entity> <entity type> monetaryItemType </entity type> <context> In February 2023, Nabors Delaware issued $ 250.0 million in aggregate principal amount of 1.75 % senior exchangeable notes due 2029, which are fully and unconditionally guaranteed by Nabors. The notes bear interest at a rate of 1.75 % per year payable semiannually on June 15 and December 15 of each year, beginning on December 15, 2023. As of December 31, 2024, there was $ 250.0 million in aggregate principal amount that remained outstanding. </context> | us-gaap:DebtInstrumentCarryingAmount |
The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. | text | 212.51 | perShareItemType | text: <entity> 212.51 </entity> <entity type> perShareItemType </entity type> <context> The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. | text | 130 | percentItemType | text: <entity> 130 </entity> <entity type> percentItemType </entity type> <context> The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. </context> | us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger |
The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. | text | 20 | integerItemType | text: <entity> 20 </entity> <entity type> integerItemType </entity type> <context> The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. </context> | us-gaap:DebtInstrumentConvertibleThresholdTradingDays |
The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. | text | 30 | integerItemType | text: <entity> 30 </entity> <entity type> integerItemType </entity type> <context> The 1.75 % exchangeable notes are exchangeable, only under certain conditions, at an exchange rate of 4.7056 common shares of Nabors per $1,000 principal amount of exchangeable notes (equivalent to an exchange price of approximately $ 212.51 per common share). Upon any exchange, Nabors will settle its exchange obligation in cash, common shares of Nabors, or a combination of cash and common shares, at our election. The 1.75 % exchangeable notes are redeemable, in whole or in part, at our option at any time on or after June 15, 2026 only if the last reported sale price per common shares exceeds 130 % of the exchange price on (1) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading days immediately before the date of the related redemption notice; and (2) the trading day immediately before we send such notice, at a cash redemption price equal to 100 % of the principal amount to be redeemed plus accrued and unpaid interest. If a “fundamental change” (as defined in the Indenture) occurs, subject to certain conditions, holders may require us to repurchase for cash any or all of their 1.75 % exchangeable notes at a repurchase price equal to 100 % of the principal amount of the 1.75 % exchangeable notes to be repurchased, plus accrued and unpaid interest. Based on our assessment of the features of the 1.75 % exchangeable notes, it was determined that there are features that need to be assessed for bifurcation as a derivative. As part of the assessment, the features were either not required to be bifurcated based on accounting guidance or would have no value if bifurcated. </context> | us-gaap:DebtInstrumentConvertibleThresholdConsecutiveTradingDays1 |
The Company is required to maintain an interest coverage ratio (EBITDA/interest expense) of 2.75 :1.00, and a minimum guarantor value, requiring the guarantors (other than the Company) and their subsidiaries to own at least 90 % of the consolidated property, plant and equipment of the Company. The facility matures on the earlier of (a) June 17, 2029 and (b) to the extent 10% or more of the respective principal amount of any of the 7.375 % Senior Priority Guaranteed Notes due May 2027 or 7.50 % Senior Guaranteed Notes due January 2028 or 50% or more of the principal amount of the 1.75 % Senior Exchangeable Notes due June 2029 remains outstanding on the date that is 90 days prior to the applicable maturity date for such indebtedness, then such 90 th day. | text | 7.375 | percentItemType | text: <entity> 7.375 </entity> <entity type> percentItemType </entity type> <context> The Company is required to maintain an interest coverage ratio (EBITDA/interest expense) of 2.75 :1.00, and a minimum guarantor value, requiring the guarantors (other than the Company) and their subsidiaries to own at least 90 % of the consolidated property, plant and equipment of the Company. The facility matures on the earlier of (a) June 17, 2029 and (b) to the extent 10% or more of the respective principal amount of any of the 7.375 % Senior Priority Guaranteed Notes due May 2027 or 7.50 % Senior Guaranteed Notes due January 2028 or 50% or more of the principal amount of the 1.75 % Senior Exchangeable Notes due June 2029 remains outstanding on the date that is 90 days prior to the applicable maturity date for such indebtedness, then such 90 th day. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The Company is required to maintain an interest coverage ratio (EBITDA/interest expense) of 2.75 :1.00, and a minimum guarantor value, requiring the guarantors (other than the Company) and their subsidiaries to own at least 90 % of the consolidated property, plant and equipment of the Company. The facility matures on the earlier of (a) June 17, 2029 and (b) to the extent 10% or more of the respective principal amount of any of the 7.375 % Senior Priority Guaranteed Notes due May 2027 or 7.50 % Senior Guaranteed Notes due January 2028 or 50% or more of the principal amount of the 1.75 % Senior Exchangeable Notes due June 2029 remains outstanding on the date that is 90 days prior to the applicable maturity date for such indebtedness, then such 90 th day. | text | 7.50 | percentItemType | text: <entity> 7.50 </entity> <entity type> percentItemType </entity type> <context> The Company is required to maintain an interest coverage ratio (EBITDA/interest expense) of 2.75 :1.00, and a minimum guarantor value, requiring the guarantors (other than the Company) and their subsidiaries to own at least 90 % of the consolidated property, plant and equipment of the Company. The facility matures on the earlier of (a) June 17, 2029 and (b) to the extent 10% or more of the respective principal amount of any of the 7.375 % Senior Priority Guaranteed Notes due May 2027 or 7.50 % Senior Guaranteed Notes due January 2028 or 50% or more of the principal amount of the 1.75 % Senior Exchangeable Notes due June 2029 remains outstanding on the date that is 90 days prior to the applicable maturity date for such indebtedness, then such 90 th day. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The Company is required to maintain an interest coverage ratio (EBITDA/interest expense) of 2.75 :1.00, and a minimum guarantor value, requiring the guarantors (other than the Company) and their subsidiaries to own at least 90 % of the consolidated property, plant and equipment of the Company. The facility matures on the earlier of (a) June 17, 2029 and (b) to the extent 10% or more of the respective principal amount of any of the 7.375 % Senior Priority Guaranteed Notes due May 2027 or 7.50 % Senior Guaranteed Notes due January 2028 or 50% or more of the principal amount of the 1.75 % Senior Exchangeable Notes due June 2029 remains outstanding on the date that is 90 days prior to the applicable maturity date for such indebtedness, then such 90 th day. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> The Company is required to maintain an interest coverage ratio (EBITDA/interest expense) of 2.75 :1.00, and a minimum guarantor value, requiring the guarantors (other than the Company) and their subsidiaries to own at least 90 % of the consolidated property, plant and equipment of the Company. The facility matures on the earlier of (a) June 17, 2029 and (b) to the extent 10% or more of the respective principal amount of any of the 7.375 % Senior Priority Guaranteed Notes due May 2027 or 7.50 % Senior Guaranteed Notes due January 2028 or 50% or more of the principal amount of the 1.75 % Senior Exchangeable Notes due June 2029 remains outstanding on the date that is 90 days prior to the applicable maturity date for such indebtedness, then such 90 th day. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
As of December 31, 2024, we had no borrowings and $ 51.6 million of letters of credit outstanding under our 2024 Credit Agreement. The weighted average interest rate on borrowings under the 2024 Credit Agreement at December 31, 2024 was 8.04 %. In order to make any future borrowings under the 2024 Credit Agreement, Nabors and certain of its wholly owned subsidiaries are subject to compliance with the conditions and covenants contained therein, including compliance with applicable financial ratios. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had no borrowings and $ 51.6 million of letters of credit outstanding under our 2024 Credit Agreement. The weighted average interest rate on borrowings under the 2024 Credit Agreement at December 31, 2024 was 8.04 %. In order to make any future borrowings under the 2024 Credit Agreement, Nabors and certain of its wholly owned subsidiaries are subject to compliance with the conditions and covenants contained therein, including compliance with applicable financial ratios. </context> | us-gaap:LineOfCredit |
As of December 31, 2024, we had no borrowings and $ 51.6 million of letters of credit outstanding under our 2024 Credit Agreement. The weighted average interest rate on borrowings under the 2024 Credit Agreement at December 31, 2024 was 8.04 %. In order to make any future borrowings under the 2024 Credit Agreement, Nabors and certain of its wholly owned subsidiaries are subject to compliance with the conditions and covenants contained therein, including compliance with applicable financial ratios. | text | 51.6 | monetaryItemType | text: <entity> 51.6 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had no borrowings and $ 51.6 million of letters of credit outstanding under our 2024 Credit Agreement. The weighted average interest rate on borrowings under the 2024 Credit Agreement at December 31, 2024 was 8.04 %. In order to make any future borrowings under the 2024 Credit Agreement, Nabors and certain of its wholly owned subsidiaries are subject to compliance with the conditions and covenants contained therein, including compliance with applicable financial ratios. </context> | us-gaap:LettersOfCreditOutstandingAmount |
As of December 31, 2024, we had no borrowings and $ 51.6 million of letters of credit outstanding under our 2024 Credit Agreement. The weighted average interest rate on borrowings under the 2024 Credit Agreement at December 31, 2024 was 8.04 %. In order to make any future borrowings under the 2024 Credit Agreement, Nabors and certain of its wholly owned subsidiaries are subject to compliance with the conditions and covenants contained therein, including compliance with applicable financial ratios. | text | 8.04 | percentItemType | text: <entity> 8.04 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, we had no borrowings and $ 51.6 million of letters of credit outstanding under our 2024 Credit Agreement. The weighted average interest rate on borrowings under the 2024 Credit Agreement at December 31, 2024 was 8.04 %. In order to make any future borrowings under the 2024 Credit Agreement, Nabors and certain of its wholly owned subsidiaries are subject to compliance with the conditions and covenants contained therein, including compliance with applicable financial ratios. </context> | us-gaap:DebtWeightedAverageInterestRate |
Our worldwide income tax expense for 2024 was $ 56.9 million compared to $ 79.2 million for 2023. The decrease in tax expense was primarily attributable to tax expense of $ 11.8 million in 2023 related to an audit settlement as well as changes in the amount and the geographic mix of our pre-tax earnings (losses) in the jurisdictions in which we operate. | text | 56.9 | monetaryItemType | text: <entity> 56.9 </entity> <entity type> monetaryItemType </entity type> <context> Our worldwide income tax expense for 2024 was $ 56.9 million compared to $ 79.2 million for 2023. The decrease in tax expense was primarily attributable to tax expense of $ 11.8 million in 2023 related to an audit settlement as well as changes in the amount and the geographic mix of our pre-tax earnings (losses) in the jurisdictions in which we operate. </context> | us-gaap:IncomeTaxExpenseBenefit |
Our worldwide income tax expense for 2024 was $ 56.9 million compared to $ 79.2 million for 2023. The decrease in tax expense was primarily attributable to tax expense of $ 11.8 million in 2023 related to an audit settlement as well as changes in the amount and the geographic mix of our pre-tax earnings (losses) in the jurisdictions in which we operate. | text | 79.2 | monetaryItemType | text: <entity> 79.2 </entity> <entity type> monetaryItemType </entity type> <context> Our worldwide income tax expense for 2024 was $ 56.9 million compared to $ 79.2 million for 2023. The decrease in tax expense was primarily attributable to tax expense of $ 11.8 million in 2023 related to an audit settlement as well as changes in the amount and the geographic mix of our pre-tax earnings (losses) in the jurisdictions in which we operate. </context> | us-gaap:IncomeTaxExpenseBenefit |
Our worldwide income tax expense for 2024 was $ 56.9 million compared to $ 79.2 million for 2023. The decrease in tax expense was primarily attributable to tax expense of $ 11.8 million in 2023 related to an audit settlement as well as changes in the amount and the geographic mix of our pre-tax earnings (losses) in the jurisdictions in which we operate. | text | 11.8 | monetaryItemType | text: <entity> 11.8 </entity> <entity type> monetaryItemType </entity type> <context> Our worldwide income tax expense for 2024 was $ 56.9 million compared to $ 79.2 million for 2023. The decrease in tax expense was primarily attributable to tax expense of $ 11.8 million in 2023 related to an audit settlement as well as changes in the amount and the geographic mix of our pre-tax earnings (losses) in the jurisdictions in which we operate. </context> | us-gaap:IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority |
As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. | text | 599.5 | monetaryItemType | text: <entity> 599.5 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. </context> | us-gaap:OperatingLossCarryforwards |
As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. | text | 792.4 | monetaryItemType | text: <entity> 792.4 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. </context> | us-gaap:OperatingLossCarryforwards |
As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. | text | 16.3 | monetaryItemType | text: <entity> 16.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. </context> | us-gaap:OperatingLossCarryforwards |
As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. | text | 7.9 | monetaryItemType | text: <entity> 7.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration |
As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. | text | 3.8 | monetaryItemType | text: <entity> 3.8 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we had federal, state, and foreign net operating loss (“NOL”) carryforwards of approximately $ 599.5 million, $ 792.4 million and $ 16.3 billion, respectively. Of those amounts, $ 7.9 billion will expire between 2025 and 2045 if not utilized. We provide a valuation allowance against NOL carryforwards in various tax jurisdictions based on our consideration of existing temporary differences and expected future earning levels in those jurisdictions. A valuation allowance of approximately $ 3.8 billion as of December 31, 2024 has been recognized related to certain NOL carryforwards as we believe it is more likely than not that the benefit of these NOL carryforwards will not be realized. </context> | us-gaap:OperatingLossCarryforwardsValuationAllowance |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 23.3 | monetaryItemType | text: <entity> 23.3 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 8.2 | monetaryItemType | text: <entity> 8.2 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 11.1 | monetaryItemType | text: <entity> 11.1 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 17.0 | monetaryItemType | text: <entity> 17.0 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 2.9 | monetaryItemType | text: <entity> 2.9 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 6.0 | monetaryItemType | text: <entity> 6.0 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 2.6 | monetaryItemType | text: <entity> 2.6 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 10.0 | monetaryItemType | text: <entity> 10.0 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities |
If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> If the unrecognized tax benefits of $ 23.3 million are realized, this would favorably impact the worldwide effective tax rate. As of December 31, 2024, 2023 and 2022, we had approximately $ 8.2 million, $ 11.1 million and $ 17.0 million, respectively, of interest and penalties related to uncertain tax positions. During 2024, 2023 and 2022, we accrued and recognized estimated interest and penalties related to uncertain tax positions of approximately $( 2.9 ) million, $( 6.0 ) million and $ 2.6 million, respectively. During the first quarter of 2024, we settled tax audits for which we had accrued an uncertain tax position of $ 10.0 million and interest and penalties of $ 1.8 million. Upon settlement, we reversed the uncertain tax position accrual and related interest and penalties. We include potential interest and penalties related to uncertain tax positions within our global operations in the income tax expense (benefit) line item in our consolidated statements of income (loss). </context> | us-gaap:IncomeTaxExaminationPenaltiesAndInterestAccrued |
Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. | text | 32.0 | sharesItemType | text: <entity> 32.0 </entity> <entity type> sharesItemType </entity type> <context> Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. </context> | us-gaap:CommonStockSharesAuthorized |
Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. | text | 0.05 | perShareItemType | text: <entity> 0.05 </entity> <entity type> perShareItemType </entity type> <context> Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. </context> | us-gaap:CommonStockParOrStatedValuePerShare |
Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. | text | 25.0 | sharesItemType | text: <entity> 25.0 </entity> <entity type> sharesItemType </entity type> <context> Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. </context> | us-gaap:PreferredStockSharesAuthorized |
Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. | text | 0.001 | perShareItemType | text: <entity> 0.001 </entity> <entity type> perShareItemType </entity type> <context> Our authorized share capital consists of 57.0 million shares of which 32.0 million are common shares, par value $ 0.05 per share, and 25.0 million are preferred shares, par value $ 0.001 per share. The preferred shares are issuable in one or more classes or series, full, limited or no voting rights, designations, preferences, special rights, qualifications, limitations and restrictions, as may be determined by the Board. </context> | us-gaap:PreferredStockParOrStatedValuePerShare |
On May 27, 2021, the Board declared a distribution of warrants to purchase its common shares (the “Warrants”) to holders of the Company’s common shares. Holders of Nabors common shares received two -fifths of a warrant per common share held as of the record date (rounded down for any fractional warrant). Nabors issued approximately 3.2 million Warrants on June 11, 2021 to shareholders of record as of June 4, 2021. As of December 31, 2024, 2.5 million Warrants remain outstanding and 1.1 million common shares have been issued in settlement of exercises of Warrants. | text | 2.5 | sharesItemType | text: <entity> 2.5 </entity> <entity type> sharesItemType </entity type> <context> On May 27, 2021, the Board declared a distribution of warrants to purchase its common shares (the “Warrants”) to holders of the Company’s common shares. Holders of Nabors common shares received two -fifths of a warrant per common share held as of the record date (rounded down for any fractional warrant). Nabors issued approximately 3.2 million Warrants on June 11, 2021 to shareholders of record as of June 4, 2021. As of December 31, 2024, 2.5 million Warrants remain outstanding and 1.1 million common shares have been issued in settlement of exercises of Warrants. </context> | us-gaap:ClassOfWarrantOrRightOutstanding |
Each Warrant represents the right to purchase one common share at an initial exercise price of $ 166.66667 per Warrant, subject to certain adjustments (the “Exercise Price”). Payment of the exercise price may be in cash at this time. The Exercise Price and the number of common shares issuable upon exercise are subject to anti-dilution adjustments, including for share dividends, splits, subdivisions, spin-offs, consolidations, reclassifications, combinations, noncash distributions, cash dividends (other than regular quarterly cash dividends not exceeding a permitted threshold amount), certain pro rata shares repurchases, and similar transactions, including certain issuances of common shares (or securities exercisable or convertible into or exchangeable for common shares) at a price (or having a conversion price) that is less than 95 % of the market price of the common shares. The Warrants expire on June 11, 2026, but the expiration date may be accelerated at any time by the Company upon 20 -days’ prior notice. The Warrants are traded on the over-the-counter market. | text | one | sharesItemType | text: <entity> one </entity> <entity type> sharesItemType </entity type> <context> Each Warrant represents the right to purchase one common share at an initial exercise price of $ 166.66667 per Warrant, subject to certain adjustments (the “Exercise Price”). Payment of the exercise price may be in cash at this time. The Exercise Price and the number of common shares issuable upon exercise are subject to anti-dilution adjustments, including for share dividends, splits, subdivisions, spin-offs, consolidations, reclassifications, combinations, noncash distributions, cash dividends (other than regular quarterly cash dividends not exceeding a permitted threshold amount), certain pro rata shares repurchases, and similar transactions, including certain issuances of common shares (or securities exercisable or convertible into or exchangeable for common shares) at a price (or having a conversion price) that is less than 95 % of the market price of the common shares. The Warrants expire on June 11, 2026, but the expiration date may be accelerated at any time by the Company upon 20 -days’ prior notice. The Warrants are traded on the over-the-counter market. </context> | us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight |
Each Warrant represents the right to purchase one common share at an initial exercise price of $ 166.66667 per Warrant, subject to certain adjustments (the “Exercise Price”). Payment of the exercise price may be in cash at this time. The Exercise Price and the number of common shares issuable upon exercise are subject to anti-dilution adjustments, including for share dividends, splits, subdivisions, spin-offs, consolidations, reclassifications, combinations, noncash distributions, cash dividends (other than regular quarterly cash dividends not exceeding a permitted threshold amount), certain pro rata shares repurchases, and similar transactions, including certain issuances of common shares (or securities exercisable or convertible into or exchangeable for common shares) at a price (or having a conversion price) that is less than 95 % of the market price of the common shares. The Warrants expire on June 11, 2026, but the expiration date may be accelerated at any time by the Company upon 20 -days’ prior notice. The Warrants are traded on the over-the-counter market. | text | 166.66667 | perShareItemType | text: <entity> 166.66667 </entity> <entity type> perShareItemType </entity type> <context> Each Warrant represents the right to purchase one common share at an initial exercise price of $ 166.66667 per Warrant, subject to certain adjustments (the “Exercise Price”). Payment of the exercise price may be in cash at this time. The Exercise Price and the number of common shares issuable upon exercise are subject to anti-dilution adjustments, including for share dividends, splits, subdivisions, spin-offs, consolidations, reclassifications, combinations, noncash distributions, cash dividends (other than regular quarterly cash dividends not exceeding a permitted threshold amount), certain pro rata shares repurchases, and similar transactions, including certain issuances of common shares (or securities exercisable or convertible into or exchangeable for common shares) at a price (or having a conversion price) that is less than 95 % of the market price of the common shares. The Warrants expire on June 11, 2026, but the expiration date may be accelerated at any time by the Company upon 20 -days’ prior notice. The Warrants are traded on the over-the-counter market. </context> | us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 |
The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. | text | 9.0 | monetaryItemType | text: <entity> 9.0 </entity> <entity type> monetaryItemType </entity type> <context> The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. </context> | us-gaap:WarrantsAndRightsOutstanding |
The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. | text | 25.9 | monetaryItemType | text: <entity> 25.9 </entity> <entity type> monetaryItemType </entity type> <context> The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. </context> | us-gaap:WarrantsAndRightsOutstanding |
The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. | text | 16.9 | monetaryItemType | text: <entity> 16.9 </entity> <entity type> monetaryItemType </entity type> <context> The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. </context> | us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet |
The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. | text | 54.7 | monetaryItemType | text: <entity> 54.7 </entity> <entity type> monetaryItemType </entity type> <context> The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. </context> | us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet |
The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. | text | 99.2 | monetaryItemType | text: <entity> 99.2 </entity> <entity type> monetaryItemType </entity type> <context> The Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the Warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. On December 31, 2024 and 2023, the fair value of the Warrants was approximately $ 9.0 million and $ 25.9 million, respectively. During the years ended December 31, 2024, 2023 and 2022, approximately $ 16.9 million of gain, $ 54.7 million of gain and $ 99.2 million of loss has been recognized for the change in the liability and included in Other, net in our consolidated statements of income (loss), respectively. </context> | us-gaap:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet |
During 2017, Nabors and Saudi Aramco each contributed $ 20 million in cash for the purpose of capitalizing the joint venture upon formation. In addition, since inception Nabors and Saudi Aramco have each contributed a combination of drilling rigs, drilling rig equipment and other assets, including cash, each with a value of approximately $ 394 million to the joint venture. The contributions were received in exchange for redeemable ownership interests that accrue interest annually, have a twenty-five year maturity and are required to be converted to authorized capital should certain events occur, including the accumulation of specified losses. In the accompanying condensed consolidated balance sheet, Nabors has reported Saudi Aramco’s share of authorized capital as a component of noncontrolling interest | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> During 2017, Nabors and Saudi Aramco each contributed $ 20 million in cash for the purpose of capitalizing the joint venture upon formation. In addition, since inception Nabors and Saudi Aramco have each contributed a combination of drilling rigs, drilling rig equipment and other assets, including cash, each with a value of approximately $ 394 million to the joint venture. The contributions were received in exchange for redeemable ownership interests that accrue interest annually, have a twenty-five year maturity and are required to be converted to authorized capital should certain events occur, including the accumulation of specified losses. In the accompanying condensed consolidated balance sheet, Nabors has reported Saudi Aramco’s share of authorized capital as a component of noncontrolling interest </context> | us-gaap:PaymentsToAcquireInterestInJointVenture |
in equity and Saudi Aramco’s share of the redeemable ownership interests as redeemable noncontrolling interest in subsidiary, classified as mezzanine equity. As of December 31, 2024 and December 31, 2023, the amount included in redeemable noncontrolling interest was $ 453.3 million and $ 423.6 million, respectively. The accrued interest on the redeemable ownership interest is a non-cash financing activity and is reported as an increase in the redeemable noncontrolling interest in subsidiary line in our condensed consolidated balance sheet. The assets and liabilities included in the condensed balance sheet below are (a) assets that can either be used to settle obligations of the VIE or be made available in the future to the equity owners through dividends, distributions or in exchange of the redeemable ownership interests (upon mutual agreement of the owners) or (b) liabilities for which creditors do not have recourse to other assets of Nabors. | text | 453.3 | monetaryItemType | text: <entity> 453.3 </entity> <entity type> monetaryItemType </entity type> <context> in equity and Saudi Aramco’s share of the redeemable ownership interests as redeemable noncontrolling interest in subsidiary, classified as mezzanine equity. As of December 31, 2024 and December 31, 2023, the amount included in redeemable noncontrolling interest was $ 453.3 million and $ 423.6 million, respectively. The accrued interest on the redeemable ownership interest is a non-cash financing activity and is reported as an increase in the redeemable noncontrolling interest in subsidiary line in our condensed consolidated balance sheet. The assets and liabilities included in the condensed balance sheet below are (a) assets that can either be used to settle obligations of the VIE or be made available in the future to the equity owners through dividends, distributions or in exchange of the redeemable ownership interests (upon mutual agreement of the owners) or (b) liabilities for which creditors do not have recourse to other assets of Nabors. </context> | us-gaap:RedeemableNoncontrollingInterestEquityCarryingAmount |
in equity and Saudi Aramco’s share of the redeemable ownership interests as redeemable noncontrolling interest in subsidiary, classified as mezzanine equity. As of December 31, 2024 and December 31, 2023, the amount included in redeemable noncontrolling interest was $ 453.3 million and $ 423.6 million, respectively. The accrued interest on the redeemable ownership interest is a non-cash financing activity and is reported as an increase in the redeemable noncontrolling interest in subsidiary line in our condensed consolidated balance sheet. The assets and liabilities included in the condensed balance sheet below are (a) assets that can either be used to settle obligations of the VIE or be made available in the future to the equity owners through dividends, distributions or in exchange of the redeemable ownership interests (upon mutual agreement of the owners) or (b) liabilities for which creditors do not have recourse to other assets of Nabors. | text | 423.6 | monetaryItemType | text: <entity> 423.6 </entity> <entity type> monetaryItemType </entity type> <context> in equity and Saudi Aramco’s share of the redeemable ownership interests as redeemable noncontrolling interest in subsidiary, classified as mezzanine equity. As of December 31, 2024 and December 31, 2023, the amount included in redeemable noncontrolling interest was $ 453.3 million and $ 423.6 million, respectively. The accrued interest on the redeemable ownership interest is a non-cash financing activity and is reported as an increase in the redeemable noncontrolling interest in subsidiary line in our condensed consolidated balance sheet. The assets and liabilities included in the condensed balance sheet below are (a) assets that can either be used to settle obligations of the VIE or be made available in the future to the equity owners through dividends, distributions or in exchange of the redeemable ownership interests (upon mutual agreement of the owners) or (b) liabilities for which creditors do not have recourse to other assets of Nabors. </context> | us-gaap:RedeemableNoncontrollingInterestEquityCarryingAmount |
Nabors and certain current and former key employees, including Mr. Petrello, entered into split-dollar life insurance agreements, pursuant to which we pay a portion of the premiums under life insurance policies with respect to these individuals and, in some instances, members of their families. These agreements provide that we are reimbursed for the premium payments upon the occurrence of specified events, including the death of an insured individual. Any recovery of premiums paid by Nabors could be limited to the cash surrender value of the policies under certain circumstances. As such, the values of these policies are recorded at their respective cash surrender values in our consolidated balance sheets. We have made premium payments to date totaling $ 6.6 million related to these policies. The cash surrender value of these policies of approximately $ 4.7 million and $ 4.9 million is included in other long-term assets in our consolidated balance sheets as of December 31, 2024 and 2023. | text | 6.6 | monetaryItemType | text: <entity> 6.6 </entity> <entity type> monetaryItemType </entity type> <context> Nabors and certain current and former key employees, including Mr. Petrello, entered into split-dollar life insurance agreements, pursuant to which we pay a portion of the premiums under life insurance policies with respect to these individuals and, in some instances, members of their families. These agreements provide that we are reimbursed for the premium payments upon the occurrence of specified events, including the death of an insured individual. Any recovery of premiums paid by Nabors could be limited to the cash surrender value of the policies under certain circumstances. As such, the values of these policies are recorded at their respective cash surrender values in our consolidated balance sheets. We have made premium payments to date totaling $ 6.6 million related to these policies. The cash surrender value of these policies of approximately $ 4.7 million and $ 4.9 million is included in other long-term assets in our consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:PaymentToAcquireLifeInsurancePolicyOperatingActivities |
Nabors and certain current and former key employees, including Mr. Petrello, entered into split-dollar life insurance agreements, pursuant to which we pay a portion of the premiums under life insurance policies with respect to these individuals and, in some instances, members of their families. These agreements provide that we are reimbursed for the premium payments upon the occurrence of specified events, including the death of an insured individual. Any recovery of premiums paid by Nabors could be limited to the cash surrender value of the policies under certain circumstances. As such, the values of these policies are recorded at their respective cash surrender values in our consolidated balance sheets. We have made premium payments to date totaling $ 6.6 million related to these policies. The cash surrender value of these policies of approximately $ 4.7 million and $ 4.9 million is included in other long-term assets in our consolidated balance sheets as of December 31, 2024 and 2023. | text | 4.7 | monetaryItemType | text: <entity> 4.7 </entity> <entity type> monetaryItemType </entity type> <context> Nabors and certain current and former key employees, including Mr. Petrello, entered into split-dollar life insurance agreements, pursuant to which we pay a portion of the premiums under life insurance policies with respect to these individuals and, in some instances, members of their families. These agreements provide that we are reimbursed for the premium payments upon the occurrence of specified events, including the death of an insured individual. Any recovery of premiums paid by Nabors could be limited to the cash surrender value of the policies under certain circumstances. As such, the values of these policies are recorded at their respective cash surrender values in our consolidated balance sheets. We have made premium payments to date totaling $ 6.6 million related to these policies. The cash surrender value of these policies of approximately $ 4.7 million and $ 4.9 million is included in other long-term assets in our consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:CashSurrenderValueOfLifeInsurance |
Nabors and certain current and former key employees, including Mr. Petrello, entered into split-dollar life insurance agreements, pursuant to which we pay a portion of the premiums under life insurance policies with respect to these individuals and, in some instances, members of their families. These agreements provide that we are reimbursed for the premium payments upon the occurrence of specified events, including the death of an insured individual. Any recovery of premiums paid by Nabors could be limited to the cash surrender value of the policies under certain circumstances. As such, the values of these policies are recorded at their respective cash surrender values in our consolidated balance sheets. We have made premium payments to date totaling $ 6.6 million related to these policies. The cash surrender value of these policies of approximately $ 4.7 million and $ 4.9 million is included in other long-term assets in our consolidated balance sheets as of December 31, 2024 and 2023. | text | 4.9 | monetaryItemType | text: <entity> 4.9 </entity> <entity type> monetaryItemType </entity type> <context> Nabors and certain current and former key employees, including Mr. Petrello, entered into split-dollar life insurance agreements, pursuant to which we pay a portion of the premiums under life insurance policies with respect to these individuals and, in some instances, members of their families. These agreements provide that we are reimbursed for the premium payments upon the occurrence of specified events, including the death of an insured individual. Any recovery of premiums paid by Nabors could be limited to the cash surrender value of the policies under certain circumstances. As such, the values of these policies are recorded at their respective cash surrender values in our consolidated balance sheets. We have made premium payments to date totaling $ 6.6 million related to these policies. The cash surrender value of these policies of approximately $ 4.7 million and $ 4.9 million is included in other long-term assets in our consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:CashSurrenderValueOfLifeInsurance |
In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. | text | 881.8 | monetaryItemType | text: <entity> 881.8 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. </context> | us-gaap:RevenueNotFromContractWithCustomer |
In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. | text | 782.7 | monetaryItemType | text: <entity> 782.7 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. </context> | us-gaap:RevenueNotFromContractWithCustomer |
In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. | text | 682.7 | monetaryItemType | text: <entity> 682.7 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. </context> | us-gaap:RevenueNotFromContractWithCustomer |
In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. | text | 115.9 | monetaryItemType | text: <entity> 115.9 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. </context> | us-gaap:AccountsReceivableGross |
In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. | text | 92.7 | monetaryItemType | text: <entity> 92.7 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of business, we enter into various rig leases, rig transportation and related oilfield services agreements with our unconsolidated affiliates at market prices. Historically, these transactions primarily related to our former equity method investment in Nabors Arabia. During 2017, our joint venture with Saudi Aramco, SANAD, began operations. As such, we have included transactions with Saudi Aramco effective as of the commencement of operations of SANAD. See Note 12—Joint Ventures. Revenues from business transactions with these affiliated entities totaled $ 881.8 million, $ 782.7 million and $ 682.7 million for 2024, 2023 and 2022, respectively. Additionally, we had accounts receivable from these affiliated entities of $ 115.9 million and $ 92.7 million as of December 31, 2024 and 2023. </context> | us-gaap:AccountsReceivableGross |
In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. | text | 7.9 | monetaryItemType | text: <entity> 7.9 </entity> <entity type> monetaryItemType </entity type> <context> In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. </context> | us-gaap:OperatingCostsAndExpenses |
In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. | text | 13.2 | monetaryItemType | text: <entity> 13.2 </entity> <entity type> monetaryItemType </entity type> <context> In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. </context> | us-gaap:OperatingCostsAndExpenses |
In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. | text | 11.4 | monetaryItemType | text: <entity> 11.4 </entity> <entity type> monetaryItemType </entity type> <context> In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. </context> | us-gaap:OperatingCostsAndExpenses |
In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. | text | 1.8 | monetaryItemType | text: <entity> 1.8 </entity> <entity type> monetaryItemType </entity type> <context> In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. </context> | us-gaap:AccountsPayableCurrentAndNoncurrent |
In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> In addition, Mr. Crane, one of our independent directors, is Chairman and Chief Executive Officer of Crane Capital Group Inc. (“CCG”), an investment company that indirectly owns a majority interest in several operating companies, some of which have provided services to us in the ordinary course of business, including international logistics and electricity. During 2024, 2023 and 2022, we incurred costs for these services of $ 7.9 million, $ 13.2 million and $ 11.4 million, respectively. We had accounts payable to these CCG-related companies of $ 1.8 million and $ 2.0 million as of December 31, 2024 and 2023. </context> | us-gaap:AccountsPayableCurrentAndNoncurrent |
Nabors and its subsidiaries occupy various facilities and lease certain equipment under various lease agreements. Rental expense relating to operating leases with terms greater than 30 days amounted to $ 15.7 million, $ 17.2 million and $ 15.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 19—Leases for more information on the minimum rental commitments under non-cancelable operating leases. | text | 15.7 | monetaryItemType | text: <entity> 15.7 </entity> <entity type> monetaryItemType </entity type> <context> Nabors and its subsidiaries occupy various facilities and lease certain equipment under various lease agreements. Rental expense relating to operating leases with terms greater than 30 days amounted to $ 15.7 million, $ 17.2 million and $ 15.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 19—Leases for more information on the minimum rental commitments under non-cancelable operating leases. </context> | us-gaap:OperatingLeaseExpense |
Nabors and its subsidiaries occupy various facilities and lease certain equipment under various lease agreements. Rental expense relating to operating leases with terms greater than 30 days amounted to $ 15.7 million, $ 17.2 million and $ 15.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 19—Leases for more information on the minimum rental commitments under non-cancelable operating leases. | text | 17.2 | monetaryItemType | text: <entity> 17.2 </entity> <entity type> monetaryItemType </entity type> <context> Nabors and its subsidiaries occupy various facilities and lease certain equipment under various lease agreements. Rental expense relating to operating leases with terms greater than 30 days amounted to $ 15.7 million, $ 17.2 million and $ 15.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 19—Leases for more information on the minimum rental commitments under non-cancelable operating leases. </context> | us-gaap:OperatingLeaseExpense |
Nabors and its subsidiaries occupy various facilities and lease certain equipment under various lease agreements. Rental expense relating to operating leases with terms greater than 30 days amounted to $ 15.7 million, $ 17.2 million and $ 15.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 19—Leases for more information on the minimum rental commitments under non-cancelable operating leases. | text | 15.0 | monetaryItemType | text: <entity> 15.0 </entity> <entity type> monetaryItemType </entity type> <context> Nabors and its subsidiaries occupy various facilities and lease certain equipment under various lease agreements. Rental expense relating to operating leases with terms greater than 30 days amounted to $ 15.7 million, $ 17.2 million and $ 15.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. See Note 19—Leases for more information on the minimum rental commitments under non-cancelable operating leases. </context> | us-gaap:OperatingLeaseExpense |
In March 2011, the Court of Ouargla entered a judgment of approximately $ 20.8 million (at December 31, 2024 exchange rates) against us relating to alleged violations of Algeria’s foreign currency exchange controls, which require that goods and services provided locally be invoiced and paid in local currency. The case relates to certain foreign currency payments made to us by CEPSA, a Spanish operator, for wells drilled in 2006. Approximately $ 7.5 million of the total contract amount was paid offshore in foreign currency, and approximately $ 3.2 million was paid in local currency. The judgment includes fines and penalties of approximately four times the amount at issue. We have appealed the ruling based on our understanding that the law in question applies only to resident entities incorporated under Algerian law. An intermediate court of appeals upheld the lower court’s ruling, and we appealed the matter to the Supreme Court. On September 25, 2014, the Supreme Court overturned the verdict against us, and the case was reheard by the Ouargla Court of Appeals on March 22, 2015 in light of the Supreme Court’s opinion. On March 29, 2015, the Ouargla Court of Appeals reinstated the initial judgment against us. We appealed this decision again to the Supreme Court, which again overturned the appeals court’s decision. The case was moved back to the court of appeals, which, once again, reinstated the verdict, failing to abide by the Supreme Court’s ruling. Accordingly, we are appealing once more to the Supreme Court to try to get a final ruling on the matter. While our payments were consistent with our historical operations in the country, and, we believe, those of other multinational corporations there, as well as interpretations of the law by the Central Bank of Algeria, the ultimate resolution of this matter could result in a loss of up to $ 12.8 million in excess of amounts accrued. | text | 20.8 | monetaryItemType | text: <entity> 20.8 </entity> <entity type> monetaryItemType </entity type> <context> In March 2011, the Court of Ouargla entered a judgment of approximately $ 20.8 million (at December 31, 2024 exchange rates) against us relating to alleged violations of Algeria’s foreign currency exchange controls, which require that goods and services provided locally be invoiced and paid in local currency. The case relates to certain foreign currency payments made to us by CEPSA, a Spanish operator, for wells drilled in 2006. Approximately $ 7.5 million of the total contract amount was paid offshore in foreign currency, and approximately $ 3.2 million was paid in local currency. The judgment includes fines and penalties of approximately four times the amount at issue. We have appealed the ruling based on our understanding that the law in question applies only to resident entities incorporated under Algerian law. An intermediate court of appeals upheld the lower court’s ruling, and we appealed the matter to the Supreme Court. On September 25, 2014, the Supreme Court overturned the verdict against us, and the case was reheard by the Ouargla Court of Appeals on March 22, 2015 in light of the Supreme Court’s opinion. On March 29, 2015, the Ouargla Court of Appeals reinstated the initial judgment against us. We appealed this decision again to the Supreme Court, which again overturned the appeals court’s decision. The case was moved back to the court of appeals, which, once again, reinstated the verdict, failing to abide by the Supreme Court’s ruling. Accordingly, we are appealing once more to the Supreme Court to try to get a final ruling on the matter. While our payments were consistent with our historical operations in the country, and, we believe, those of other multinational corporations there, as well as interpretations of the law by the Central Bank of Algeria, the ultimate resolution of this matter could result in a loss of up to $ 12.8 million in excess of amounts accrued. </context> | us-gaap:LitigationSettlementAmountAwardedToOtherParty |
Diluted earnings (losses) per share is computed using the weighted-average number of common and common equivalent shares outstanding during the periods utilizing the two-class method for stock options and unvested restricted shares and the if-converted method for the 1.75 % senior exchangeable notes due June 2029 as the instrument contains a provision for share settlement. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> Diluted earnings (losses) per share is computed using the weighted-average number of common and common equivalent shares outstanding during the periods utilizing the two-class method for stock options and unvested restricted shares and the if-converted method for the 1.75 % senior exchangeable notes due June 2029 as the instrument contains a provision for share settlement. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Additionally for the years ended December 31, 2024 and 2023, we excluded 1.2 million common shares from the computation of diluted shares related to the conversion of the 1.75 % senior exchangeable notes due June 2029, because their effect would be anti-dilutive under the if-converted method, respectively. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> Additionally for the years ended December 31, 2024 and 2023, we excluded 1.2 million common shares from the computation of diluted shares related to the conversion of the 1.75 % senior exchangeable notes due June 2029, because their effect would be anti-dilutive under the if-converted method, respectively. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our business consists of four reportable segments: U.S. Drilling, International Drilling, Drilling Solutions and Rig Technologies. Our reportable segments include operating segments that have been aggregated based on the nature of the products and services provided. The accounting policies of the segments are the same as those described in Note 2—Summary of Significant Accounting Policies. Inter-segment sales are recorded at cost or cost plus a profit margin. Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and the differences in the products and services we provide. The reportable segments results are reviewed regularly by the chief operating decision maker (“CODM”), who is our Chairman and Chief Executive Officer, in deciding how to allocate resources and assess performance. Our CODM evaluates the segments’ operating performance based on adjusted operating income (loss), defined as net income (loss) before income taxes, interest expense, earnings (losses) from unconsolidated affiliates, investment income (loss), and other, net. | text | four | integerItemType | text: <entity> four </entity> <entity type> integerItemType </entity type> <context> Our business consists of four reportable segments: U.S. Drilling, International Drilling, Drilling Solutions and Rig Technologies. Our reportable segments include operating segments that have been aggregated based on the nature of the products and services provided. The accounting policies of the segments are the same as those described in Note 2—Summary of Significant Accounting Policies. Inter-segment sales are recorded at cost or cost plus a profit margin. Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and the differences in the products and services we provide. The reportable segments results are reviewed regularly by the chief operating decision maker (“CODM”), who is our Chairman and Chief Executive Officer, in deciding how to allocate resources and assess performance. Our CODM evaluates the segments’ operating performance based on adjusted operating income (loss), defined as net income (loss) before income taxes, interest expense, earnings (losses) from unconsolidated affiliates, investment income (loss), and other, net. </context> | us-gaap:NumberOfReportableSegments |
During the years ended December 31, 2024, 2023 and 2022, $ 927.7 million, $ 821.1 million and $ 712.8 million of our consolidated operating revenue was from Saudi Arabia. No other individual country outside of the U.S. was material to our consolidated operating revenue during any of the three periods presented. | text | 927.7 | monetaryItemType | text: <entity> 927.7 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, $ 927.7 million, $ 821.1 million and $ 712.8 million of our consolidated operating revenue was from Saudi Arabia. No other individual country outside of the U.S. was material to our consolidated operating revenue during any of the three periods presented. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
During the years ended December 31, 2024, 2023 and 2022, $ 927.7 million, $ 821.1 million and $ 712.8 million of our consolidated operating revenue was from Saudi Arabia. No other individual country outside of the U.S. was material to our consolidated operating revenue during any of the three periods presented. | text | 821.1 | monetaryItemType | text: <entity> 821.1 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, $ 927.7 million, $ 821.1 million and $ 712.8 million of our consolidated operating revenue was from Saudi Arabia. No other individual country outside of the U.S. was material to our consolidated operating revenue during any of the three periods presented. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
During the years ended December 31, 2024, 2023 and 2022, $ 927.7 million, $ 821.1 million and $ 712.8 million of our consolidated operating revenue was from Saudi Arabia. No other individual country outside of the U.S. was material to our consolidated operating revenue during any of the three periods presented. | text | 712.8 | monetaryItemType | text: <entity> 712.8 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, $ 927.7 million, $ 821.1 million and $ 712.8 million of our consolidated operating revenue was from Saudi Arabia. No other individual country outside of the U.S. was material to our consolidated operating revenue during any of the three periods presented. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
One customer accounted for approximately 31 %, 26 % and 26 % of our consolidated operating revenues during the years ended December 31, 2024, 2023 and 2022, respectively, and is included primarily in our International Drilling reportable segment. | text | 31 | percentItemType | text: <entity> 31 </entity> <entity type> percentItemType </entity type> <context> One customer accounted for approximately 31 %, 26 % and 26 % of our consolidated operating revenues during the years ended December 31, 2024, 2023 and 2022, respectively, and is included primarily in our International Drilling reportable segment. </context> | us-gaap:ConcentrationRiskPercentage1 |
One customer accounted for approximately 31 %, 26 % and 26 % of our consolidated operating revenues during the years ended December 31, 2024, 2023 and 2022, respectively, and is included primarily in our International Drilling reportable segment. | text | 26 | percentItemType | text: <entity> 26 </entity> <entity type> percentItemType </entity type> <context> One customer accounted for approximately 31 %, 26 % and 26 % of our consolidated operating revenues during the years ended December 31, 2024, 2023 and 2022, respectively, and is included primarily in our International Drilling reportable segment. </context> | us-gaap:ConcentrationRiskPercentage1 |
Approximately 69 % of the contract liability balance at the beginning of the period was recognized as revenue during 2024 and 18 % is expected to be recognized in 2025 . The remaining 13 % of the contract liability balance at the beginning of the period is expected to be recognized as revenue during 2026 or thereafter. | text | 18 | percentItemType | text: <entity> 18 </entity> <entity type> percentItemType </entity type> <context> Approximately 69 % of the contract liability balance at the beginning of the period was recognized as revenue during 2024 and 18 % is expected to be recognized in 2025 . The remaining 13 % of the contract liability balance at the beginning of the period is expected to be recognized as revenue during 2026 or thereafter. </context> | us-gaap:RevenueRemainingPerformanceObligationPercentage |
Approximately 69 % of the contract liability balance at the beginning of the period was recognized as revenue during 2024 and 18 % is expected to be recognized in 2025 . The remaining 13 % of the contract liability balance at the beginning of the period is expected to be recognized as revenue during 2026 or thereafter. | text | 13 | percentItemType | text: <entity> 13 </entity> <entity type> percentItemType </entity type> <context> Approximately 69 % of the contract liability balance at the beginning of the period was recognized as revenue during 2024 and 18 % is expected to be recognized in 2025 . The remaining 13 % of the contract liability balance at the beginning of the period is expected to be recognized as revenue during 2026 or thereafter. </context> | us-gaap:RevenueRemainingPerformanceObligationPercentage |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.