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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
Schedule Of Segment Reporting Information | Segment information for the three months ended March 31, 2023 and 2022, respectively, are presented below (in millions). Three Months Ended March 31, 2023
| Floaters |  | Jackups |  | ARO |  | Other |  | Reconciling Items |  |  | Consolidated Total |
Revenues | $ | 214.8 |  |  | $ | 169.8 |  |  | $ | 123.6 |  |  | $ | 45.5 |  |  | $ | (123.6) |  |  |  | $ | 430.1 |  |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 174.6 |  |  | 148.9 |  |  | 90.9 |  |  | 20.2 |  |  | (57.4) |  |  |  | 377.2 |  |
Depreciation | 13.0 |  |  | 9.0 |  |  | 15.0 |  |  | 1.3 |  |  | (15.0) |  |  |  | 23.3 |  |
General and administrative | — |  |  | — |  |  | 4.6 |  |  | — |  |  | 19.8 |  |  |  | 24.4 |  |
Equity in earnings of ARO | — |  |  | — |  |  | — |  |  | — |  |  | 3.3 |  |  |  | 3.3 |  |
Operating income | $ | 27.2 |  |  | $ | 11.9 |  |  | $ | 13.1 |  |  | $ | 24.0 |  |  | $ | (67.7) |  |  |  | $ | 8.5 |  |
Property and equipment, net | $ | 515.7 |  |  | $ | 404.1 |  |  | $ | 788.6 |  |  | $ | 55.6 |  |  | $ | (748.5) |  |  |  | $ | 1,015.5 |  |
Three Months Ended March 31, 2022
| Floaters |  | Jackups |  | ARO |  | Other |  | Reconciling Items |  |  | Consolidated Total
Revenues | $ | 99.7 |  |  | $ | 180.7 |  |  | $ | 111.3 |  |  | $ | 38.0 |  |  | $ | (111.3) |  |  |  | $ | 318.4 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 147.6 |  |  | 139.2 |  |  | 84.2 |  |  | 15.5 |  |  | (55.2) |  |  |  | 331.3 |
Depreciation | 12.2 |  |  | 9.1 |  |  | 16.5 |  |  | 0.9 |  |  | (16.2) |  |  |  | 22.5 |
General and administrative | — |  |  | — |  |  | 5.2 |  |  | — |  |  | 13.6 |  |  |  | 18.8 |
Equity in earnings of ARO | — |  |  | — |  |  | — |  |  | — |  |  | 4.3 |  |  |  | 4.3 |
Operating income (loss) | $ | (60.1) |  |  | $ | 32.4 |  |  | $ | 5.4 |  |  | $ | 21.6 |  |  | $ | (49.2) |  |  |  | $ | (49.9) |
Property and equipment, net | $ | 457.6 |  |  | $ | 387.1 |  |  | $ | 730.9 |  |  | $ | 51.7 |  |  | $ | (697.1) |  |  |  | $ | 930.2 |
Schedule Of Geographic Distribution Of Rigs By Segment | As of March 31, 2023, the geographic distribution of our and ARO's drilling rigs was as follows:
| Floaters |  | Jackups |  | Other |  | Total Valaris |  | ARO |  |
North & South America | 7 |  | 6 |  | — |  | 13 |  | — |  |
Europe & the Mediterranean | 4 |  | 12 |  | — |  | 16 |  | — |  |
Middle East & Africa | 3 |  | 6 |  | 8 |  | 17 |  | 7 |  |
Asia & Pacific Rim | 2 |  | 4 |  | — |  | 6 |  | — |  |
Total | 16 |  | 28 |  | 8 |  | 52 |  | 7 |  |

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