XML 24 R11.htm IDEA: XBRL DOCUMENT v3.23.1
Property and Equipment
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in millions):
March 31, 2023December 31, 2022
Drilling rigs and equipment$1,049.3 $1,036.5 
Work-in-progress108.0 59.8 
Other38.8 38.2 
$1,196.1 $1,134.5 

No assets were classified as held-for-sale on our Condensed Consolidated Balance Sheet as of March 31, 2023, or December 31, 2022.

In April 2023, VALARIS 54 was sold resulting in a pre-tax gain on the sale of approximately $28.0 million in the second quarter of 2023. The rig had an immaterial net book value as of March 31, 2023.