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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Apr. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]          
OPERATING REVENUES $ 326.7 $ 285.3 $ 397.4 $ 529.5 $ 1,130.7
OPERATING EXPENSES          
Contract Drilling 274.3 307.2 337.8 443.0 1,153.9
Asset Impairment Charges     756.5 0.0 3,646.2
Depreciation expense 24.4 122.4 159.6 41.0 418.4
General and administrative 27.2 72.1 30.7 39.9 188.1
Costs and Expenses 325.9 501.7 1,284.6 523.9 5,406.6
OTHER OPERATING INCOME 0.0 118.1 0.0 0.0 118.1
Equity in losses (earnings) of ARO (2.6) (3.9) (3.1) (7.4) 7.6
OPERATING INCOME (LOSS) 3.4 (94.4) (884.1) 13.0 (4,165.4)
OTHER INCOME (EXPENSE)          
Other Interest and Dividend Income 9.7 4.7 3.6 17.5 15.2
Interest expense, net (11.3) (59.8) (2.4) (19.3) (289.2)
Reorganization Items (6.5) (497.5) (3,584.6) (10.6) (497.5)
Other Nonoperating Income (Expense) 5.2 (3.1) 19.9 10.9 2.5
OTHER INCOME (EXPENSE), NET (2.9) (555.7) (3,563.5) (1.5) (769.0)
INCOME (LOSS) BEFORE INCOME TAXES 0.5 (650.1) (4,447.6) 11.5 (4,934.4)
Income Tax Expense (Benefit), Continuing Operations [Abstract]          
Current Income Tax Expense (Benefit) 53.2 16.4 34.4 67.2 (42.3)
Deferred income tax expense 0.1 5.5 (18.2) 1.2 (103.6)
Total provision for income taxes 53.3 21.9 16.2 68.4 (145.9)
Net loss (52.8) (672.0) (4,463.8) (56.9) (4,788.5)
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (1.7) 1.1 (3.2) (3.8) 3.9
NET LOSS ATTRIBUTABLE TO VALARIS $ (54.5) $ (670.9) $ (4,467.0) $ (60.7) $ (4,784.6)
LOSS PER SHARE - BASIC AND DILUTED          
Continuing operations (in dollars per share) $ (0.73) $ (3.36) $ (22.38) $ (0.81) $ (24.09)
WEIGHTED-AVERAGE SHARES OUTSTANDING          
Basic and Diluted (in shares) 75.0 199.4 199.6 75.0 198.6