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Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
OPERATING REVENUES $ 2,053.2 $ 1,705.4 $ 1,843.0
OPERATING EXPENSES      
Cost of Goods and Services Sold 1,806.0 1,319.4 1,189.5
Loss on impairment 104.0 40.3 182.9
Depreciation 609.7 478.9 444.8
General and administrative 188.9 102.7 157.8
Total operating expenses 2,708.6 1,941.3 1,975.0
EQUITY IN EARNINGS OF ARO (12.6) 0.0 0.0
OPERATING LOSS (668.0) (235.9) (132.0)
OTHER INCOME (EXPENSE)      
Interest income 28.1 14.5 25.8
Interest expense, net (428.3) (282.7) (224.2)
Other, net 1,004.4 (34.8) 134.4
Other income (expense), net 604.2 (303.0) (64.0)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (63.8) (538.9) (196.0)
PROVISION FOR INCOME TAXES      
Current income tax expense 104.5 33.0 54.2
Deferred income tax expense (benefit) 23.9 56.6 55.0
Total provision for income taxes 128.4 89.6 109.2
LOSS FROM CONTINUING OPERATIONS (192.2) (628.5) (305.2)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET 0.0 (8.1) 1.0
NET LOSS (192.2) (636.6) (304.2)
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (5.8) (3.1) 0.5
NET LOSS ATTRIBUTABLE TO VALARIS $ (198.0) $ (639.7) $ (303.7)
LOSS PER SHARE - BASIC AND DILUTED      
Continuing operations $ (1.14) $ (5.82) $ (3.66)
Discontinued operations 0 (0.08) 0
Total earnings per share - basic $ (1.14) $ (5.90) $ (3.66)
WEIGHTED-AVERAGE SHARES OUTSTANDING      
Basic and Diluted 173.4 108.5 83.1