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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Apr. 30, 2021
Apr. 30, 2021
Jun. 30, 2021
Jun. 30, 2020
Apr. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]            
OPERATING REVENUES   $ 90.3 $ 202.8 $ 388.8 $ 397.4 $ 845.4
OPERATING EXPENSES            
Contract Drilling   85.6 168.7 370.7 337.8 846.7
Asset Impairment Charges   0.0 0.0 838.0 756.5 3,646.2
Depreciation expense   37.5 16.6 131.5 159.6 296.0
General and administrative   6.4 12.7 62.6 30.7 116.0
Costs and Expenses   129.5 198.0 1,402.8 1,284.6 4,904.9
Equity in losses (earnings) of ARO   (1.2) (4.8) 5.2 (3.1) 11.5
OPERATING INCOME (LOSS)   (38.0) 9.6 (1,019.2) (884.1) (4,071.0)
OTHER INCOME (EXPENSE)            
Other Interest and Dividend Income   1.0 7.8 5.7 3.6 10.5
Interest expense, net   (1.1) (8.0) (116.2) (2.4) (229.4)
Reorganization Items   (3,532.4) (4.1) 0.0 (3,584.6) 0.0
Other Nonoperating Income (Expense)   (1.2) 5.7 5.1 19.9 5.6
OTHER INCOME (EXPENSE), NET   (3,533.7) 1.4 (105.4) (3,563.5) (213.3)
INCOME (LOSS) BEFORE INCOME TAXES   (3,571.7) 11.0 (1,124.6) (4,447.6) (4,284.3)
Income Tax Expense (Benefit), Continuing Operations [Abstract]            
Current Income Tax Expense (Benefit)   3.6 14.0 13.8 34.4 (58.7)
Deferred income tax expense (benefit)   (19.1) 1.1 (29.6) (18.2) (109.1)
Total provision for income taxes   (15.5) 15.1 (15.8) 16.2 (167.8)
Net loss   (3,556.2) (4.1) (1,108.8) (4,463.8) (4,116.5)
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS   (0.8) (2.1) 1.4 (3.2) 2.8
NET LOSS ATTRIBUTABLE TO VALARIS   $ (3,557.0) $ (6.2) $ (1,107.4) $ (4,467.0) $ (4,113.7)
LOSS PER SHARE - BASIC AND DILUTED            
Continuing operations (in dollars per share)   $ (17.81) $ (0.08) $ (5.58) $ (22.38) $ (20.75)
WEIGHTED-AVERAGE SHARES OUTSTANDING            
Basic and Diluted (in shares) 199.7   75.0 198.6 199.6 198.3