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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
OPERATING REVENUES $ 307.1 $ 456.6
OPERATING EXPENSES    
Contract drilling (exclusive of depreciation) 252.2 476.0
Loss on impairment 756.5 2,808.2
Depreciation expense 122.1 164.5
General and administrative 24.3 53.4
Total operating expenses 1,155.1 3,502.1
Equity in losses (earnings) of ARO (1.9) 6.3
OPERATING LOSS (846.1) (3,051.8)
OTHER INCOME (EXPENSE)    
Interest income 2.6 4.8
Interest expense, net (1.3) (113.2)
Reorganization items, net (52.2) 0.0
Other, net 21.1 0.5
OTHER INCOME (EXPENSE), NET (29.8) (107.9)
LOSS BEFORE INCOME TAXES (875.9) (3,159.7)
PROVISION (BENEFIT) FOR INCOME TAXES    
Current income tax expense 30.8 (72.5)
Deferred income tax expense (benefit) 0.9 (79.5)
Total provision for income taxes 31.7 (152.0)
Net loss (907.6) (3,007.7)
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (2.4) 1.4
NET LOSS ATTRIBUTABLE TO VALARIS $ (910.0) $ (3,006.3)
LOSS PER SHARE - BASIC AND DILUTED    
Continuing operations (in dollars per share) $ (4.56) $ (15.19)
WEIGHTED-AVERAGE SHARES OUTSTANDING    
Basic and Diluted (in shares) 199.6 197.9