Feb. 20 (Bloomberg) -- Transocean Ltd. said the company doesn’t plan to propose a dividend at the annual shareholder meeting.

The company is also taking a charge on a “substantial” portion of the goodwill associated with its contract drilling services reporting unit. The total goodwill associated with the unit was about $8 billion, the company said.

To contact the editor responsible for this story: Matthias Wabl at mwabl@bloomberg.net