Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 291.7	$ 325.8
Accounts receivable, net	449.8	449.2
Other current assets	383.5	397.9
Total current assets	1,125.0	1,172.9
PROPERTY AND EQUIPMENT, AT COST	12,125.9	13,209.3
Less accumulated depreciation	2,042.0	2,248.8
Property and equipment, net	10,083.9	10,960.5
LONG-TERM NOTES RECEIVABLE FROM ARO	442.7	442.7
INVESTMENT IN ARO	122.8	120.9
OTHER ASSETS	172.5	176.2
Total assets	11,946.9	12,873.2
CURRENT LIABILITIES
Accounts payable - trade	176.8	176.4
Accrued liabilities and other	290.6	250.4
Total current liabilities	467.4	426.8
OTHER LIABILITIES	704.6	762.4
Total liabilities not subject to compromise	1,172.0	1,189.2
Liabilities Subject to Compromise	7,313.7	7,313.7
Commitments and Contingencies
VALARIS SHAREHOLDERS' EQUITY
Additional paid-in capital	8,643.5	8,639.9
Retained deficit	(5,093.8)	(4,183.8)
Accumulated other comprehensive loss	(93.2)	(87.9)
Treasury shares, at cost	(76.0)	(76.2)
Total Valaris shareholders' equity	3,463.1	4,374.6
NONCONTROLLING INTERESTS	(1.9)	(4.3)
Total equity	3,461.2	4,370.3
Total liabilities and shareholders' equity	11,946.9	12,873.2
Class A ordinary shares, U.S.
VALARIS SHAREHOLDERS' EQUITY
Common shares, value	82.5	82.5
Common Class B, Par Value In GBP [Member]
VALARIS SHAREHOLDERS' EQUITY
Common shares, value	$ 0.1	$ 0.1

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.14)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682