Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 620.8	$ 325.8
Restricted cash	33.9	11.4
Accounts receivable, net	455.8	449.2
Other current assets	117.0	386.5
Total current assets	1,227.5	1,172.9
PROPERTY AND EQUIPMENT, AT COST	933.1	13,209.3
Less accumulated depreciation	40.8	2,248.8
Property and equipment, net	892.3	10,960.5
Due from Joint Ventures, Noncurrent	241.3	442.7
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	87.9	120.9
OTHER ASSETS	153.5	176.2
Total assets	2,602.5	12,873.2
CURRENT LIABILITIES
Accounts payable - trade	203.0	176.4
Accrued liabilities and other	223.8	250.4
Total current liabilities	426.8	426.8
LONG-TERM DEBT	545.1	0.0
OTHER LIABILITIES	591.3	762.4
Total liabilities not subject to compromise	1,563.2	1,189.2
LIABILITIES SUBJECT TO COMPROMISE	0.0	7,313.7
Commitments and Contingencies
VALARIS SHAREHOLDERS' EQUITY
Successor stock warrants	16.4	0.0
Successor additional paid-in capital	1,080.3	8,639.9
Retained deficit	(60.7)	(4,183.8)
Accumulated other comprehensive loss	(0.2)	(87.9)
Treasury shares, at cost	0.0	(76.2)
Total Valaris shareholders' equity	1,036.6	4,374.6
NONCONTROLLING INTERESTS	2.7	(4.3)
Total equity	1,039.3	4,370.3
Total liabilities and shareholders' equity	2,602.5	12,873.2
Predecessor Class A ordinary shares
VALARIS SHAREHOLDERS' EQUITY
Common shares, value	0.0	82.5
Predecessor Class B ordinary shares
VALARIS SHAREHOLDERS' EQUITY
Common shares, value	0.0	0.1
Preferred Stock
VALARIS SHAREHOLDERS' EQUITY
Common shares, value	0.0	0.0
Common Stock [Member]
VALARIS SHAREHOLDERS' EQUITY
Common shares, value	$ 0.8	$ 0.0

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