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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues $ 551.3 $ 430.9 $ 1,541.1 $ 1,306.4
OPERATING EXPENSES        
Contract drilling (exclusive of depreciation) 496.5 327.1 1,329.4 996.6
Loss on impairment 88.2 0.0 90.7 0.0
Depreciation 163.0 120.6 445.9 356.5
General and administrative 36.1 25.1 146.9 79.1
Total operating expenses 783.8 472.8 2,012.9 1,432.2
EQUITY IN EARNINGS OF ARO (3.7) 0.0 (3.1) 0.0
OPERATING LOSS (236.2) (41.9) (474.9) (125.8)
OTHER INCOME (EXPENSE)        
Interest income 6.7 3.6 22.1 10.5
Interest expense, net (113.9) (72.2) (313.2) (213.5)
Other, net 147.4 (9.1) 853.4 (30.2)
Other income (expense), net 40.2 (77.7) 562.3 (233.2)
LOSS BEFORE INCOME TAXES (196.0) (119.6) 87.4 (359.0)
PROVISION FOR INCOME TAXES        
Current income tax expense (benefit) 22.6 (5.7) 69.4 21.5
Deferred income tax expense (benefit) (21.1) 29.0 (3.8) 44.9
Total provision for income taxes 1.5 23.3 65.6 66.4
LOSS FROM CONTINUING OPERATIONS     21.8 (425.4)
LOSS FROM DISCONTINUED OPERATIONS, NET     0.0 (8.1)
NET LOSS (197.5) (142.9) 21.8 (433.5)
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0.4 (2.1) (3.8) (2.6)
NET LOSS ATTRIBUTABLE TO VALARIS $ (197.1) $ (145.0) $ 18.0 $ (436.1)
LOSS PER SHARE - BASIC AND DILUTED        
Continuing operations (in dollars per share)     $ 0.10 $ (3.94)
Discontinued operations (in dollars per share)     0 (0.08)
Basic and diluted (in dollars per share) $ (1.00) $ (1.34) $ 0.10 $ (4.02)
WEIGHTED-AVERAGE SHARES OUTSTANDING        
Basic and Diluted (in shares) 197.6 108.6 165.2 108.5