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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenues $ 583.9 $ 458.5 $ 989.8 $ 875.5
OPERATING EXPENSES        
Contract drilling (exclusive of depreciation) 500.3 344.3 832.9 669.5
Asset Impairment Charges 2.5 0.0 2.5 0.0
Depreciation expense 157.9 120.7 282.9 235.9
General and administrative 81.2 26.1 110.8 54.0
Total operating expenses 741.9 491.1 1,229.1 959.4
Income (Loss) from Equity Method Investments (0.6) 0.0 (0.6) 0.0
OPERATING LOSS (157.4) (32.6) (238.7) (83.9)
OTHER INCOME (EXPENSE)        
Interest income 11.9 3.9 15.4 6.9
Interest expense, net (118.3) (75.7) (199.3) (141.3)
Other, net 703.7 (13.0) 706.0 (21.1)
Other income (expense), net 597.3 (84.8) 522.1 (155.5)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 439.9 (117.4) 283.4 (239.4)
PROVISION FOR INCOME TAXES        
Current income tax expense 21.2 20.1 46.8 27.2
Deferred income tax expense 11.4 4.6 17.3 15.9
Total provision for income taxes 32.6 24.7 64.1 43.1
INCOME (LOSS) FROM CONTINUING OPERATIONS 407.3 (142.1) 219.3 (282.5)
LOSS FROM DISCONTINUED OPERATIONS, NET 0.0 (8.0) 0.0 (8.1)
NET INCOME (LOSS) 407.3 (150.1) 219.3 (290.6)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (1.8) (0.9) (4.2) (0.5)
NET INCOME (LOSS) ATTRIBUTABLE TO VALARIS $ 405.5 $ (151.0) $ 215.1 $ (291.1)
EARNINGS (LOSS) PER SHARE - BASIC AND DILUTED        
Continuing operations (in dollars per share) $ 2.09 $ (1.31) $ 1.40 $ (2.61)
Discontinued operations (in dollars per share) 0 (0.08) 0 (0.08)
(Loss) earnings per share - basic and diluted (in dollars per share) $ 2.09 $ (1.39) $ 1.40 $ (2.69)
WEIGHTED-AVERAGE SHARES OUTSTANDING        
Basic and Diluted (in shares) 188.6 108.5 148.9 108.5