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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
    Cash and cash equivalents $ 1,041.1 $ 724.1
Restricted Cash 16.2 24.4
    Accounts receivable, net 492.4 449.1
    Other current assets 178.7 148.6
Total current assets 1,728.4 1,346.2
PROPERTY AND EQUIPMENT, AT COST 1,388.0 1,134.5
    Less accumulated depreciation 228.1 157.3
Property, Plant and Equipment, Net, Total 1,159.9 977.2
LONG-TERM NOTES RECEIVABLE FROM ARO 275.2 254.0
INVESTMENT IN ARO 116.1 111.1
OTHER ASSETS 205.3 171.8
Total assets 3,484.9 2,860.3
CURRENT LIABILITIES    
Accounts payable - trade 376.4 256.5
Accrued liabilities and other 346.6 247.9
Total current liabilities 723.0 504.4
LONG-TERM DEBT 1,079.4 542.4
OTHER LIABILITIES 482.5 515.6
Total liabilities 2,284.9 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 1,112.2 1,097.9
Retained earnings 190.3 160.1
Accumulated other comprehensive income 14.2 14.7
Treasury shares, at cost, 2.3 shares as of September 30, 2023 (150.0) 0.0
Total Valaris shareholders' equity 1,183.9 1,289.9
NONCONTROLLING INTERESTS 16.1 8.0
Total equity 1,200.0 1,297.9
Total liabilities and shareholders' equity $ 3,484.9 $ 2,860.3