XML 20 R1.htm IDEA: XBRL DOCUMENT v3.20.1
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2019
Mar. 31, 2020
Jun. 28, 2019
Cover [Abstract]      
Document Type 10-K/A    
Amendment Flag true    
Amendment Description McDermott International, Inc. (“McDermott,” “we,” “us” or “our”) is filing this Amendment No. 1 on Form 10-K/A (this “Amendment”) to amend our annual report on Form 10-K for the year ended December 31, 2019, originally filed with the Securities and Exchange Commission (“SEC”) on February 28, 2020 (the “Original Filing” or “our Form 10-K”), solely for the purpose of including the information required by Part III of Form 10-K because we do not intend to file a definitive proxy statement for a 2020 Annual Meeting of Stockholders before the date that is 120 days after our fiscal year end. In accordance with Rule 12b-15 under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), Part III, Items 10 through 14 of the Original Filing are hereby amended and restated in their entirety, and Part IV, Item 15 of the Original Filing is hereby amended and restated in its entirety, with the only changes being the addition of new certifications by our principal executive officer and principal financial officer filed herewith. This Amendment does not amend or otherwise update any other information in the Original Filing. Accordingly, this Amendment should be read in conjunction with the Original Filing and with our filings with the SEC subsequent to the Original Filing. Bankruptcy Proceedings under Chapter 11 As previously disclosed, on January 21, 2020, McDermott and certain of its subsidiaries (together with McDermott, the “Debtors”) filed voluntary petitions under Chapter 11 (“Chapter 11”) of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to pursue a Joint Prepackaged Chapter 11 Plan of Reorganization. The Chapter 11 Cases are being jointly administered under the caption In re McDermott International, Inc., et al., No. 20-30336. On March 12, 2020, the Bankruptcy Court entered the Order Approving the Debtors’ Disclosure Statement and Confirming the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (Technical Modifications) of McDermott International, Inc. and its Debtor Affiliates [Docket No. 665] (the “Confirmation Order”), which approved and confirmed the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization (Technical Modifications) of McDermott International, Inc. and Its Debtor Affiliates [Docket No. 651] (the “Plan of Reorganization”). The Debtors expect that the effective date of the Plan of Reorganization will occur as soon as all conditions precedent to the Plan of Reorganization have been satisfied (the “Effective Date”). Although the Debtors are expecting the occurrence of the Effective Date as soon as reasonably practicable, the Debtors can make no assurance as to when, or ultimately if, the Plan of Reorganization will become effective. It is also possible that amendments could be made to the Plan of Reorganization prior to the Effective Date.    
Document Period End Date Dec. 31, 2019    
Document Fiscal Year Focus 2019    
Document Fiscal Period Focus FY    
Trading Symbol MDRIQ    
Entity Registrant Name McDERMOTT INTERNATIONAL, INC.    
Entity Central Index Key 0000708819    
Current Fiscal Year End Date --12-31    
Entity Well-known Seasoned Issuer No    
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Entity Common Stock, Shares Outstanding   193,081,224  
Entity Public Float     $ 1.8
Entity File Number 001-08430    
Entity Tax Identification Number 72-0593134    
Entity Address, Address Line One 757 N. Eldridge Parkway    
Entity Address, City or Town HOUSTON    
Entity Address, State or Province TX    
Entity Address, Postal Zip Code 77079    
City Area Code (281)    
Local Phone Number 870-5000    
Entity Incorporation, State or Country Code R1    
Document Annual Report true    
Document Transition Report false    
Title of 12(b) Security Common Stock, $1.00 par value    
Documents Incorporated by Reference The following documents (or parts thereof) are incorporated by reference into the following parts of this Form
10-K:
none.