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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
OPERATING REVENUES $ 430.1 $ 318.4
OPERATING EXPENSES    
Contract drilling (exclusive of depreciation) 377.2 331.3
Depreciation expense 23.3 22.5
General and administrative 24.4 18.8
Total operating expenses 424.9 372.6
Income (Loss) from Equity Method Investments (3.3) (4.3)
OPERATING INCOME (LOSS) 8.5 (49.9)
OTHER INCOME (EXPENSE)    
Interest income 23.0 10.9
Interest expense, net (11.1) (11.5)
Other, net 0.6 10.0
OTHER INCOME (EXPENSE), NET 12.5 9.4
INCOME (LOSS) BEFORE INCOME TAXES 21.0 (40.5)
Income Tax Expense (Benefit), Continuing Operations [Abstract]    
Current income tax benefit (32.2) (0.1)
Deferred income tax expense (benefit) 4.6 (0.6)
Total provision for income taxes (27.6) (0.7)
Net income (loss) 48.6 (39.8)
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (1.9) 1.2
NET INCOME (LOSS) ATTRIBUTABLE TO VALARIS $ 46.7 $ (38.6)
EARNINGS (LOSS) PER SHARE    
Basic (in dollars per share) $ 0.62 $ (0.51)
Diluted (in dollars per share) $ 0.61 $ (0.51)
WEIGHTED-AVERAGE SHARES OUTSTANDING    
Basic (in shares) 75.2 75.0
Diluted (in shares) 76.4 75.0