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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Millions
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2021
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]        
OPERATING REVENUES $ 397.4 $ 835.0 $ 1,784.2 $ 1,602.5
OPERATING EXPENSES        
Cost of Goods and Services Sold 343.8 724.1 1,543.6 1,383.2
Loss on impairment 756.5 0.0 0.0 34.5
Depreciation 159.6 66.1 101.1 91.2
General and administrative 30.7 58.2 99.3 80.9
Total operating expenses 1,290.6 848.4 1,744.0 1,589.8
EQUITY IN EARNINGS OF ARO 3.1 6.1 13.3 24.5
OPERATING INCOME (LOSS) (890.1) (7.3) 53.5 37.2
OTHER INCOME (EXPENSE)        
Interest income 3.6 28.5 101.4 65.5
Interest expense, net (Unrecognized contractual interest expense for debt subject to compromise was $132.9 million for the four months ended April 30, 2021) 2.4 31.0 68.9 45.3
Reorganization items, net (3,584.6) (15.5) 0.0 (2.4)
Other, net 25.9 38.1 (1.8) 169.9
Other income (expense), net (3,557.5) 20.1 30.7 187.7
INCOME (LOSS) BEFORE INCOME TAXES (4,447.6) 12.8 84.2 224.9
PROVISION (BENEFIT) FOR INCOME TAXES        
Current income tax expense 34.4 57.7 3.8 35.2
Deferred income tax expense (benefit) (18.2) (21.3) (786.4) 7.9
Total provision for income taxes 16.2 36.4 (782.6) 43.1
NET INCOME (LOSS) (4,463.8) (23.6) 866.8 181.8
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (3.2) (3.8) (1.4) (5.3)
NET INCOME (LOSS) ATTRIBUTABLE TO VALARIS $ (4,467.0) $ (27.4) $ 865.4 $ 176.5
EARNINGS (LOSS) PER SHARE        
Basic $ (22.38) $ (0.37) $ 11.68 $ 2.35
Diluted $ (22.38) $ (0.37) $ 11.51 $ 2.33
WEIGHTED-AVERAGE SHARES OUTSTANDING        
Basic 199,600 75,000 74,100 75,100
Diluted 199,600 75,000 75,200 75,600