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Noncontrolling Interest Noncontrolling Interest

6 Months Ended

Jun. 30, 2019

Noncontrolling Interest [Abstract]

Noncontrolling Interest Disclosure [Text Block]

Third parties hold a noncontrolling ownership interest in certain of our non-U.S. subsidiaries. Noncontrolling interests are classified as equity on our condensed consolidated balance sheets, and net income attributable to noncontrolling interests is presented separately in our condensed consolidated statements of operations.

Loss from continuing operations attributable to Valaris for the three-month and six-month periods ended June 30, 2019 and 2018 was as follows (in millions):

	Three Months Ended June 30,								Six Months Ended June 30,
	2019				2018				2019				2018
Income (loss) from continuing operations	$	407.3			$	(142.1	)		$	219.3			$	(282.5	)
Income from continuing operations attributable to noncontrolling interests	(1.8		)		(.9		)		(4.2		)		(0.5		)
Income (loss) from continuing operations attributable to Valaris	$	405.5			$	(143.0	)		$	215.1			$	(283.0	)

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- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

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- References

No definition available.

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