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Chapter 11 Proceedings and Ability to Continue as a Going Concern (Tables) | 6 Months Ended
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Jun. 30, 2021
Reorganizations [Abstract] |
Schedule Of Reorganization Items | The components of reorganization items, net were as follows (in millions):
|  | Successor |  | Predecessor
|  | Two Months Ended June 30, 2021 |  | One Month Ended April 30, 2021 |  | Four Months Ended April 30, 2021
Professional fees |  | $ | 5.6 |  |  | $ | 45.6 |  |  | $ | 93.4 |
Contract items |  | (1.5) |  |  | — |  |  | 3.9 |
Reorganization items (fees) |  | 4.1 |  |  | 45.6 |  |  | 97.3 |
Contract items |  | — |  |  | — |  |  | .5 |
Backstop premium |  | — |  |  | 30.0 |  |  | 30.0 |
Gain on settlement of liabilities subject to compromise |  | — |  |  | (6,139.0) |  |  | (6,139.0) |
Issuance of Common Shares for backstop premium |  | — |  |  | 29.1 |  |  | 29.1 |
Issuance of Common Shares to the Shipyard |  | — |  |  | 5.4 |  |  | 5.4 |
Write-off of unrecognized share-based compensation expense |  | — |  |  | 16.0 |  |  | 16.0 |
Impact of newbuild contract amendments |  | — |  |  | 350.7 |  |  | 350.7 |
Loss on fresh start adjustments |  | — |  |  | 9,194.6 |  |  | 9,194.6 |
Reorganization items (non-cash) |  | — |  |  | 3,486.8 |  |  | 3,487.3 |
Total reorganization items, net |  | $ | 4.1 |  |  | $ | 3,532.4 |  |  | $ | 3,584.6 |
Reorganization items (fees) unpaid |  | $ | 2.2 |  |  | $ | 12.2 |  |  | $ | 38.3 |
Reorganization items (fees) paid |  | $ | 1.9 |  |  | $ | 33.4 |  |  | $ | 59.0 |
Schedule Of Liabilities Subject to Compromise | Liabilities subject to compromise at December 31, 2020 (Predecessor) consisted of the following (in millions):
6.875% Senior notes due 2020 | $ | 122.9 |
4.70% Senior notes due 2021 | 100.7 |
4.875% Senior notes due 2022 | 620.8 |
3.00% Exchangeable senior notes due 2024 | 849.5 |
4.50% Senior notes due 2024 | 303.4 |
4.75% Senior notes due 2024 | 318.6 |
8.00% Senior notes due 2024 | 292.3 |
5.20% Senior notes due 2025 | 333.7 |
7.375% Senior notes due 2025 | 360.8 |
7.75% Senior notes due 2026 | 1,000.0 |
7.20% Debentures due 2027 | 112.1 |
7.875% Senior notes due 2040 | 300.0 |
5.40% Senior notes due 2042 | 400.0 |
5.75% Senior notes due 2044 | 1,000.5 |
5.85% Senior notes due 2044 | 400.0 |
Amounts drawn under the Revolving Credit Facility | 581.0 |
Accrued Interest on Senior Notes and Revolving Credit Facility | 203.5 |
Rig holding costs(1) | 13.9 |
Total liabilities subject to compromise | $ | 7,313.7 |
(1) Represents the holding costs incurred to maintain VALARIS DS-13 and VALARIS DS-14 in the shipyard.

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