Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 608.7	$ 325.8
Restricted Cash	35.9	11.4
Accounts receivable, net	444.2	449.2
Other	117.8	386.5
Total current assets	1,206.6	1,172.9
PROPERTY AND EQUIPMENT, AT COST	957.0	13,209.3
Less accumulated depreciation	66.1	2,248.8
Property and equipment, net	890.9	10,960.5
LONG-TERM NOTES RECEIVABLE FROM ARO	249.1	442.7
INVESTMENT IN ARO	86.6	120.9
OTHER ASSETS	176.0	176.2
TOTAL ASSETS	2,609.2	12,873.2
CURRENT LIABILITIES
Accounts payable - trade	225.8	176.4
Accrued liabilities and other	196.2	250.4
Liabilities, Current	422.0	426.8
LONG-TERM DEBT	545.3	0.0
OTHER LIABILITIES	581.1	762.4
Liabilities Not Subject to Compromise	1,548.4	1,189.2
Liabilities Subject to Compromise	0.0	7,313.7
COMMITMENTS AND CONTINGENCIES
ENSCO SHAREHOLDERS' EQUITY
Warrants and Rights Outstanding	16.4	0.0
Additional paid-in capital	1,083.0	8,639.9
Retained earnings	(33.0)	(4,183.8)
Accumulated other comprehensive income	(9.1)	(87.9)
Treasury Stock, Value	0.0	(76.2)
Total Valaris shareholders' equity	1,058.1	4,374.6
NONCONTROLLING INTERESTS	2.7	(4.3)
Total equity	1,060.8	4,370.3
Total liabilities and shareholders' equity	2,609.2	12,873.2
Class A Ordinary Shares, U.S. [Member]
ENSCO SHAREHOLDERS' EQUITY
Common shares, value	0.0	82.5
Common Class B, Par Value In GBP [Member]
ENSCO SHAREHOLDERS' EQUITY
Common shares, value	0.0	0.1
Preferred Stock
ENSCO SHAREHOLDERS' EQUITY
Common shares, value	0.0	0.0
Common Stock [Member]
ENSCO 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