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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
    Cash and cash equivalents $ 822.5 $ 724.1
Restricted Cash 21.5 24.4
    Accounts receivable, net 393.4 449.1
    Other current assets 158.1 148.6
Total current assets 1,395.5 1,346.2
PROPERTY AND EQUIPMENT, AT COST 1,196.1 1,134.5
    Less accumulated depreciation 180.6 157.3
Property, Plant and Equipment, Net, Total 1,015.5 977.2
LONG-TERM NOTES RECEIVABLE FROM ARO 261.0 254.0
INVESTMENT IN ARO 114.4 111.1
OTHER ASSETS 164.8 171.8
Total assets 2,951.2 2,860.3
CURRENT LIABILITIES    
Accounts payable - trade 324.1 256.5
Accrued liabilities and other 267.7 247.9
Total current liabilities 591.8 504.4
LONG-TERM DEBT 542.8 542.4
OTHER LIABILITIES 464.6 515.6
Total liabilities 1,599.2 1,562.4
Commitments and Contingencies
VALARIS SHAREHOLDERS' EQUITY    
Common Stock, Value, Outstanding 0.8 0.8
Preferred Stock, Value, Outstanding 0.0 0.0
Stock warrants 16.4 16.4
Additional paid-in capital 1,103.6 1,097.9
Retained earnings 206.8 160.1
Accumulated other comprehensive income 14.5 14.7
Total Valaris shareholders' equity 1,342.1 1,289.9
NONCONTROLLING INTERESTS 9.9 8.0
Total equity 1,352.0 1,297.9
Total liabilities and shareholders' equity $ 2,951.2 $ 2,860.3