XML 50 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Chapter 11 Proceeding and Ability to Continue as a Going Concern - Debtor-in-Possession Condensed Balance Sheet (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS        
    Cash and cash equivalents $ 291,700,000 $ 325,800,000 $ 184,900,000 $ 97,200,000
Accounts receivable, net 449,800,000 449,200,000    
    Other current assets 383,500,000 397,900,000    
Total current assets 1,125,000,000.0 1,172,900,000    
PROPERTY AND EQUIPMENT, AT COST 12,125,900,000 13,209,300,000    
    Less accumulated depreciation 2,042,000,000.0 2,248,800,000    
       Property and equipment, net 10,083,900,000 10,960,500,000 12,157,200,000  
LONG-TERM NOTES RECEIVABLE FROM ARO 442,700,000 442,700,000    
INVESTMENT IN ARO 122,800,000 120,900,000    
OTHER ASSETS 172,500,000 176,200,000    
Total assets 11,946,900,000 12,873,200,000    
CURRENT LIABILITIES        
Accounts payable - trade 176,800,000 176,400,000    
Accrued liabilities and other 290,600,000 250,400,000    
Total current liabilities 467,400,000 426,800,000    
OTHER LIABILITIES 704,600,000 762,400,000    
Total liabilities not subject to compromise 1,172,000,000.0 1,189,200,000    
Liabilities subject to compromise 7,313,700,000 7,313,700,000 $ 7,313,700,000  
Total debtors' equity 3,461,200,000 4,370,300,000    
Total liabilities and shareholders' equity 11,946,900,000 12,873,200,000    
Valaris, PLC And Certain Subsidiaries Party To The Bankruptcy Cases        
CURRENT ASSETS        
    Cash and cash equivalents 186,200,000 228,900,000    
Accounts receivable, net 389,100,000 382,500,000    
Accounts receivable from non-debtor subsidiaries 2,804,700,000 2,812,000,000.0    
    Other current assets 360,600,000 377,400,000    
Total current assets 3,740,600,000 3,800,800,000    
PROPERTY AND EQUIPMENT, AT COST 11,172,800,000 12,256,100,000    
    Less accumulated depreciation 1,758,800,000 1,973,800,000    
       Property and equipment, net 9,414,000,000.0 10,282,300,000    
LONG-TERM NOTES RECEIVABLE FROM ARO 442,700,000 442,700,000    
LONG-TERM NOTES RECEIVABLE FROM NON-DEBTOR SUBSIDIARIES 2,205,300,000 2,205,300,000    
INVESTMENT IN ARO 122,800,000 120,900,000    
INVESTMENTS IN NON-DEBTOR SUBSIDIARIES 573,400,000 585,900,000    
OTHER ASSETS 151,900,000 158,200,000    
Total assets 16,650,700,000 17,596,100,000    
CURRENT LIABILITIES        
Accounts payable - trade 152,100,000 149,400,000    
Accrued liabilities and other 235,400,000 196,200,000    
Total current liabilities 387,500,000 345,600,000    
LONG-TERM NOTES PAYABLE TO NON-DEBTOR SUBSIDIARIES 2,548,600,000 2,548,600,000    
OTHER LIABILITIES 531,300,000 602,300,000    
Total liabilities not subject to compromise 3,467,400,000 3,496,500,000    
Liabilities subject to compromise 7,313,700,000 7,313,700,000    
Total debtors' equity 5,869,600,000 6,785,900,000    
Total liabilities and shareholders' equity $ 16,650,700,000 $ 17,596,100,000