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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
OPERATING REVENUES $ 285.3 $ 551.3 $ 1,130.7 $ 1,541.1
OPERATING EXPENSES        
Contract drilling (exclusive of depreciation) 307.2 496.5 1,153.9 1,329.4
Loss on impairment 0.0 88.2 3,646.2 90.7
Depreciation expense 122.4 163.0 418.4 445.9
General and administrative 72.1 36.1 188.1 146.9
Total operating expenses 501.7 783.8 5,406.6 2,012.9
OTHER OPERATING INCOME 118.1 0.0 118.1 0.0
Equity in earnings of ARO (3.9) 3.7 7.6 3.1
OPERATING LOSS (94.4) (236.2) (4,165.4) (474.9)
OTHER INCOME (EXPENSE)        
Interest income 4.7 6.7 15.2 22.1
Interest expense, net (59.8) (113.9) (289.2) (313.2)
Reorganization items, net (497.5) 0.0 (497.5) 0.0
Other, net (3.1) 147.4 2.5 853.4
OTHER INCOME (EXPENSE), NET (555.7) 40.2 (769.0) 562.3
LOSS BEFORE INCOME TAXES (650.1) (196.0) (4,934.4) 87.4
PROVISION (BENEFIT) FOR INCOME TAXES        
Current income tax expense 16.4 22.6 (42.3) 69.4
Deferred income tax expense (benefit) 5.5 (21.1) (103.6) (3.8)
Total provision for income taxes 21.9 1.5 (145.9) 65.6
Net income (loss) (672.0) (197.5) (4,788.5) 21.8
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1.1 0.4 3.9 (3.8)
NET LOSS ATTRIBUTABLE TO VALARIS $ (670.9) $ (197.1) $ (4,784.6) $ 18.0
LOSS PER SHARE - BASIC AND DILUTED        
Continuing operations (in dollars per share) $ (3.36) $ (1.00) $ (24.09) $ 0.10
WEIGHTED-AVERAGE SHARES OUTSTANDING        
Basic and Diluted (in shares) 199.4 197.6 198.6 165.2