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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
OPERATING REVENUES $ 610.1 $ 415.2 $ 1,135.1 $ 845.3
OPERATING EXPENSES        
Contract drilling (exclusive of depreciation) 438.7 373.5 883.5 750.7
Depreciation 29.7 24.5 56.5 47.8
General and administrative 32.5 26.4 59.0 50.8
Total operating expenses 500.9 424.4 999.0 849.3
Income (Loss) from Equity Method Investments 0.3 0.7 (2.1) (2.6)
OPERATING INCOME (LOSS) 108.9 (9.9) 138.2 (1.4)
OTHER INCOME (EXPENSE)        
Interest income 31.0 24.6 52.0 47.6
Interest expense, net (22.6) (16.7) (40.3) (27.8)
Other, net 3.5 (0.8) 9.3 (0.2)
OTHER INCOME (EXPENSE), NET 11.9 7.1 21.0 19.6
INCOME (LOSS) BEFORE INCOME TAXES 120.8 (2.8) 159.2 18.2
PROVISION (BENEFIT) FOR INCOME TAXES        
Current income tax expense (benefit) (43.5) 22.0 (32.6) (10.2)
Deferred income tax expense 13.5 2.5 15.5 7.1
Total provision for income taxes (30.0) 24.5 (17.1) (3.1)
Net income 150.8 (27.3) 176.3 21.3
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (1.2) (2.1) (1.2) (4.0)
NET INCOME (LOSS) ATTRIBUTABLE TO VALARIS $ 149.6 $ (29.4) $ 175.1 $ 17.3
EARNINGS (LOSS) PER SHARE        
Basic (in dollars per share) $ 2.07 $ (0.39) $ 2.42 $ 0.23
Diluted (in dollars per share) $ 2.03 $ (0.39) $ 2.38 $ 0.23
WEIGHTED-AVERAGE SHARES OUTSTANDING        
Basic (in shares) 72.4 74.8 72.4 75.0
Diluted (in shares) 73.7 74.8 73.7 76.2