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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 388,800,000 $ 583,900,000 $ 845,400,000 $ 989,800,000
OPERATING EXPENSES        
Contract Drilling 370,700,000 500,300,000 846,700,000 832,900,000
Asset Impairment Charges 838,000,000.0 2,500,000 3,646,200,000 2,500,000
Depreciation expense 131,500,000 157,900,000 296,000,000.0 282,900,000
General and administrative 62,600,000 81,200,000 116,000,000.0 110,800,000
Total operating expenses 1,402,800,000 741,900,000 4,904,900,000 1,229,100,000
Equity in earnings of ARO 5,200,000 (600,000) 11,500,000 (600,000)
OPERATING LOSS (1,019,200,000) (157,400,000) (4,071,000,000.0) (238,700,000)
OTHER INCOME (EXPENSE)        
Interest income 5,700,000 11,900,000 10,500,000 15,400,000
Interest expense, net (116,200,000) (118,300,000) (229,400,000) (199,300,000)
Other, net 5,100,000 703,700,000 5,600,000 706,000,000.0
Other income (expense), net (105,400,000) 597,300,000 (213,300,000) 522,100,000
INCOME (LOSS) BEFORE INCOME TAXES (1,124,600,000) 439,900,000 (4,284,300,000) 283,400,000
PROVISION FOR INCOME TAXES        
Current income tax expense 13,800,000 21,200,000 (58,700,000) 46,800,000
Deferred income tax expense (benefit) (29,600,000) 11,400,000 (109,100,000) 17,300,000
Total provision for income taxes (15,800,000) 32,600,000 (167,800,000) 64,100,000
NET INCOME (LOSS) (1,108,800,000) 407,300,000 (4,116,500,000) 219,300,000
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1,400,000 (1,800,000) 2,800,000 (4,200,000)
NET INCOME (LOSS) ATTRIBUTABLE TO VALARIS $ (1,107,400,000) $ 405,500,000 $ (4,113,700,000) $ 215,100,000
EARNINGS (LOSS) PER SHARE - BASIC AND DILUTED        
Continuing operations (in dollars per share) $ (5.58) $ 2.09 $ (20.75) $ 1.40
WEIGHTED-AVERAGE SHARES OUTSTANDING        
Basic and Diluted (in shares) 198.6 188.6 198.3 148.9