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Segment Information (Tables)

12 Months Ended

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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