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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
Schedule Of Segment Reporting Information | Year Ended December 31, 2020
| Floaters |  | Jackups |  | ARO |  | Other |  | Reconciling Items |  | Consolidated Total
Revenues | $ | 505.8 |  |  | $ | 765.3 |  |  | $ | 549.4 |  |  | $ | 156.1 |  |  | $ | (549.4) |  |  | $ | 1,427.2 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 633.9 |  |  | 733.3 |  |  | 388.2 |  |  | 91.4 |  |  | (388.2) |  |  | 1,458.6 |
Loss on impairment | 3,386.2 |  |  | 254.3 |  |  | — |  |  | 5.7 |  |  | — |  |  | 3,646.2 |
Depreciation | 262.8 |  |  | 217.2 |  |  | 54.8 |  |  | 44.8 |  |  | (38.8) |  |  | 540.8 |
General and administrative | — |  |  | — |  |  | 24.2 |  |  | — |  |  | 190.4 |  |  | 214.6 |
Other operating income | 118.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 118.1 |
Equity in losses of ARO | — |  |  | — |  |  | — |  |  | — |  |  | (7.8) |  |  | (7.8) |
Operating income (loss) | $ | (3,659.0) |  |  | $ | (439.5) |  |  | $ | 82.2 |  |  | $ | 14.2 |  |  | $ | (320.6) |  |  | $ | (4,322.7) |
Property and equipment, net | $ | 6,413.4 |  |  | $ | 3,912.6 |  |  | $ | 736.2 |  |  | $ | 577.9 |  |  | $ | (679.6) |  |  | $ | 10,960.5 |
Capital expenditures | $ | 25.1 |  |  | $ | 58.9 |  |  | $ | 136.1 |  |  | $ | — |  |  | $ | (126.3) |  |  | $ | 93.8 |
Year Ended December 31, 2019
| Floaters |  | Jackups |  | ARO |  | Other |  | Reconciling Items |  | Consolidated Total
Revenues | $ | 1,014.4 |  |  | $ | 834.6 |  |  | $ | 410.5 |  |  | $ | 204.2 |  |  | $ | (410.5) |  |  | $ | 2,053.2 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 898.6 |  |  | 788.9 |  |  | 280.2 |  |  | 118.5 |  |  | (280.2) |  |  | 1,806.0 |
Loss on impairment | 88.2 |  |  | 10.2 |  |  | — |  |  | — |  |  | 5.6 |  |  | 104.0 |
Depreciation | 362.3 |  |  | 203.3 |  |  | 40.3 |  |  | 25.5 |  |  | (21.7) |  |  | 609.7 |
General and administrative | — |  |  | — |  |  | 27.1 |  |  | — |  |  | 161.8 |  |  | 188.9 |
Equity in losses of ARO | — |  |  | — |  |  | — |  |  | — |  |  | (12.6) |  |  | (12.6) |
Operating income (loss) | $ | (334.7) |  |  | $ | (167.8) |  |  | $ | 62.9 |  |  | $ | 60.2 |  |  | $ | (288.6) |  |  | $ | (668.0) |
Property and equipment, net | $ | 10,073.1 |  |  | $ | 4,322.7 |  |  | $ | 650.7 |  |  | $ | 620.9 |  |  | $ | (570.5) |  |  | $ | 15,096.9 |
Capital expenditures | $ | 31.4 |  |  | $ | 184.6 |  |  | $ | 27.5 |  |  | $ | — |  |  | $ | (16.5) |  |  | $ | 227.0 |
Year Ended December 31, 2018
| Floaters |  | Jackups |  | ARO |  | Other |  | Reconciling Items |  | Consolidated Total
Revenues | $ | 1,013.5 |  |  | $ | 630.9 |  |  | $ | — |  |  | $ | 61.0 |  |  | $ | — |  |  | $ | 1,705.4 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 737.4 |  |  | 526.5 |  |  | — |  |  | 55.5 |  |  | — |  |  | 1,319.4 |
Loss on impairment | — |  |  | 40.3 |  |  | — |  |  | — |  |  | — |  |  | 40.3 |
Depreciation | 311.8 |  |  | 153.3 |  |  | — |  |  | — |  |  | 13.8 |  |  | 478.9 |
General and administrative | — |  |  | — |  |  | — |  |  | — |  |  | 102.7 |  |  | 102.7 |
Operating income (loss) | $ | (35.7) |  |  | $ | (89.2) |  |  | $ | — |  |  | $ | 5.5 |  |  | $ | (116.5) |  |  | $ | (235.9) |
Property and equipment, net | $ | 9,465.6 |  |  | $ | 3,114.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 36.5 |  |  | $ | 12,616.2 |
Capital expenditures | $ | 105.5 |  |  | $ | 317.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 3.5 |  |  | $ | 426.7 |
Schedule Of Geographic Distribution Of Rigs By Segment | As of December 31, 2020, the geographic distribution of our and ARO's drilling rigs was as follows:
| Floaters |  | Jackups |  | Other |  | Total Valaris |  | ARO
North & South America | 5 |  | 6 |  | — |  | 11 |  | —
Europe & the Mediterranean | 7 |  | 16 |  | — |  | 23 |  | —
Middle East & Africa | 2 |  | 8 |  | 9 |  | 19 |  | 7
Asia & Pacific Rim | 2 |  | 6 |  | — |  | 8 |  | —
Total | 16 |  | 36 |  | 9 |  | 61 |  | 7
Schedule Of Revenues And Long-Lived Assets By Geographical Segment | Information by country for those countries that account for more than 10% of our long-lived assets as well as the United Kingdom, our country of domicile, was as follows (in millions):
| Long-lived Assets
| 2020 |  | 2019 |  | 2018
United Kingdom | $ | 2,584.0 |  |  | $ | 1,210.5 |  |  | $ | 1,185.2 |
Spain | 2,122.6 |  |  | 3,012.4 |  |  | 2,306.6 |
United States | 1,811.9 |  |  | 2,972.4 |  |  | 2,270.0 |
Saudi Arabia | 1,183.7 |  |  | 1,259.3 |  |  | 668.6 |
Nigeria | 766.2 |  |  | 788.4 |  |  | 1,368.2 |
Other countries(1) | 2,527.9 |  |  | 5,912.0 |  |  | 4,817.6 |
Total | $ | 10,996.3 |  |  | $ | 15,155.0 |  |  | $ | 12,616.2 |
(1)Other countries includes countries where individually we had long-lived assets representing less than 10% of total long-lived assets

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