CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011		Dec. 31, 2010
Current Assets:
Cash and cash equivalents	$ 570,854		$ 403,463
Restricted cash and cash equivalents	21,962		197,861
Investments	109,522		209,463
Accounts receivable-trade, net	445,808		323,497
Accounts receivable-other	53,386		28,447
Contracts in progress	287,390		65,853
Deferred income taxes	11,931		10,323
Assets held for sale	3,197		10,161
Other current assets	33,135		36,570
Total Current Assets	1,537,185		1,285,638
Property, Plant and Equipment	1,958,877		1,720,040
Less accumulated depreciation	(857,012)		(804,471)
Net Property, Plant and Equipment	1,101,865	[1]	915,569	[1]
Assets Held for Sale	55,571		77,150
Investments	29,484		75,742
Goodwill	41,202		41,202
Investments in Unconsolidated Affiliates	42,659		45,016
Other Assets	184,848		158,371
Total assets	2,992,814		2,598,688
Current Liabilities:
Notes payable and current maturities of long-term debt	8,941		8,547
Accounts payable	315,514		252,974
Accrued liabilities	309,515		286,831
Advance billings on contracts	320,438		250,053
Deferred income taxes	13,187		12,849
Income taxes payable	54,181		32,851
Liabilities associated with assets held for sale			20,902
Total Current Liabilities	1,021,776		865,007
Long-Term Debt	84,794		46,748
Self-Insurance	23,585		35,655
Pension Liability	21,295		52,831
Other Liabilities	107,652		86,180
Commitments and Contingencies
Stockholders' Equity:
Common stock, par value $1.00 per share, authorized 400,000,000 shares; issued 242,416,424 and 240,791,473 shares at December 31, 2011 and December 31, 2010, respectively	242,416		240,791
Capital in excess of par value	1,375,976		1,357,316
Retained earnings	239,103		100,373
Treasury stock, at cost, 7,359,983 and 6,906,262 shares at December 31, 2011 and December 31, 2010, respectively	(95,827)		(85,735)
Accumulated other comprehensive loss	(102,030)		(163,717)
Stockholders' Equity-McDermott International, Inc.	1,659,638		1,449,028
Noncontrolling Interests	74,074		63,239
Total Equity	1,733,712		1,512,267
Total Liabilities and Equity	$ 2,992,814		$ 2,598,688

[1] Our marine vessels are included in the country in which they were located as of year-end.