At the end of 2015, Seadrill had $10.98 billion in total interest-bearing debt and $9.94 billion in net debt. By the end of the third quarter, total interest-bearing debt was down to $10.20 billion and net debt had fallen to $8.95 billion. One big move that helped the balance sheet was the $195 million sale of the company's SapuraKencana Petroleum stake early in the year and other smaller debt-reduction deals like converting $50 million in debt to equity over the summer. But it's always good to see debt in decline, particularly during a rough stretch like this one.