XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.21.2

Shareholders Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Shareholders' Equity [Abstract] |
Schedule Of Activity In Our Various Shareholders Equity [Table Text Block] | Activity in our various shareholders' equity accounts for the two months ended June 30, 2021 (Successor), one month and four months ended April 30, 2021 (Predecessor), and three and six months ended June 30, 2020 (Predecessor) were as follows (in millions, except per share amounts):
| Shares |  | Par Value |  | Additional Paid-in Capital |  | Warrants |  | Retained Earnings (Deficit) |  | AOCI |  | Treasury Shares |  | Non-controlling Interest
BALANCE, December 31, 2020 (Predecessor) | 206.1 |  |  | $ | 82.6 |  |  | $ | 8,639.9 |  |  | $ | — |  |  | $ | (4,183.8) |  |  | $ | (87.9) |  |  | $ | (76.2) |  |  | $ | (4.3) |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | (910.0) |  |  | — |  |  | — |  |  | 2.4 |
Shares issued under share-based compensation plans, net | — |  |  | — |  |  | (.2) |  |  | — |  |  | — |  |  | — |  |  | .2 |  |  | — |
Net changes in pension and other postretirement benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | .1 |  |  | — |  |  | — |
Share-based compensation cost | — |  |  | — |  |  | 3.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5.4) |  |  | — |  |  | — |
BALANCE, March 31, 2021 (Predecessor) | 206.1 |  |  | $ | 82.6 |  |  | $ | 8,643.5 |  |  | $ | — |  |  | $ | (5,093.8) |  |  | $ | (93.2) |  |  | $ | (76.0) |  |  | $ | (1.9) |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | (3,557.0) |  |  | — |  |  | — |  |  | .8 |
Shares issued under share-based compensation plans, net | — |  |  | — |  |  | (.5) |  |  | — |  |  | — |  |  | — |  |  | .5 |  |  | — |
Share-based compensation cost | — |  |  | — |  |  | 1.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (.2) |  |  | — |  |  | — |
Cancellation of Predecessor equity | (206.1) |  |  | (82.6) |  |  | (8,644.0) |  |  | — |  |  | 8,650.8 |  |  | 93.4 |  |  | 75.5 |  |  | — |
Issuance of Successor Common Shares and Warrants | 75.0 |  |  | 0.8 |  |  | 1,078.7 |  |  | 16.4 |  |  | — |  |  | — |  |  | — |  |  | — |
BALANCE, April 30, 2021 (Predecessor) | 75.0 |  |  | $ | 0.8 |  |  | $ | 1,078.7 |  |  | $ | 16.4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1.1) |
BALANCE, May 1, 2021 (Successor) | 75.0 |  |  | $ | 0.8 |  |  | $ | 1,078.7 |  |  | $ | 16.4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1.1) |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | (6.2) |  |  | — |  |  | — |  |  | $ | 2.1 |
Net other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.2) |  |  | — |  |  | $ | — |
BALANCE, June 30, 2021 (Successor) | 75.0 |  |  | $ | 0.8 |  |  | $ | 1,078.7 |  |  | $ | 16.4 |  |  | $ | (6.2) |  |  | $ | (0.2) |  |  | $ | — |  |  | $ | 1.0 |
| Shares |  | Par Value |  | Additional Paid-in Capital |  | Retained Earnings (Deficit) |  | AOCI |  | Treasury Shares |  | Non-controlling Interest
BALANCE, December 31, 2019 (Predecessor) | 205.9 |  |  | $ | 82.5 |  |  | $ | 8,627.8 |  |  | $ | 671.7 |  |  | $ | 6.2 |  |  | $ | (77.3) |  |  | $ | (1.3) |
Net loss | — |  |  | — |  |  | — |  |  | (3,006.3) |  |  | — |  |  | — |  |  | (1.4) |
Shares issued under share-based compensation plans, net | — |  |  | — |  |  | (.7) |  |  | — |  |  | — |  |  | .9 |  |  | — |
Repurchase of shares | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (.9) |  |  | — |
Share-based compensation cost | — |  |  | — |  |  | 7.8 |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (13.4) |  |  | — |  |  | — |
BALANCE, March 31, 2020 (Predecessor) | 205.9 |  |  | $ | 82.5 |  |  | $ | 8,634.9 |  |  | $ | (2,334.6) |  |  | $ | (7.2) |  |  | $ | (77.3) |  |  | $ | (2.7) |
Net loss | — |  |  | — |  |  | — |  |  | (1,107.4) |  |  | — |  |  | — |  |  | (1.4) |
Shares issued under share-based compensation plans, net | .2 |  |  | .1 |  |  | (.7) |  |  | — |  |  | — |  |  | .6 |  |  | — |
Repurchase of shares | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (.1) |  |  | — |
Share-based compensation cost | — |  |  | — |  |  | 5.7 |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (6.1) |  |  | — |  |  | — |
Distributions to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | $ | (0.9) |
BALANCE, June 30, 2020 (Predecessor) | 206.1 |  |  | $ | 82.6 |  |  | $ | 8,639.9 |  |  | $ | (3,442.0) |  |  | $ | (13.3) |  |  | $ | (76.8) |  |  | $ | (5.0) |

X
- Definition Schedule Of Activity In Our Various Shareholders Equity [Table Text Block] + References No definition available. + Details
Name: | val_ScheduleOfActivityInOurVariousShareholdersEquityTableTextBlock
Namespace Prefix: | val_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Shareholders' Equity [Abstract] + References No definition available. + Details
Name: | val_ShareholdersEquityAbstract
Namespace Prefix: | val_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration