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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
    Cash and cash equivalents $ 398.3 $ 620.5
Restricted Cash 12.0 15.2
    Accounts receivable, net 631.7 459.3
    Other current assets 182.6 177.2
Total current assets 1,224.6 1,272.2
PROPERTY AND EQUIPMENT, AT COST 2,120.7 1,889.0
    Less accumulated depreciation 311.3 255.2
Property, Plant and Equipment, Net, Total 1,809.4 1,633.8
LONG-TERM NOTES RECEIVABLE FROM ARO 259.2 282.3
INVESTMENT IN ARO 126.5 124.4
DEFERRED TAX ASSETS 841.1 855.1
OTHER ASSETS 154.8 154.4
Total assets 4,415.6 4,322.2
CURRENT LIABILITIES    
Accounts payable - trade 347.0 400.1
Accrued liabilities and other 360.6 344.2
Total current liabilities 707.6 744.3
LONG-TERM DEBT 1,081.0 1,079.3
Deferred Income Tax Liabilities, Net 31.2 29.9
OTHER LIABILITIES 408.4 471.7
Total liabilities 2,228.2 2,325.2
COMMITMENTS AND CONTINGENCIES (Note 11)
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 1,134.8 1,119.8
Retained earnings 1,200.6 1,025.5
Accumulated other comprehensive income 24.3 25.2
Treasury Stock, Common, Value (200.1) (200.1)
Total Valaris shareholders' equity 2,176.8 1,987.6
NONCONTROLLING INTERESTS 10.6 9.4
Total equity 2,187.4 1,997.0
Total liabilities and shareholders' equity $ 4,415.6 $ 4,322.2
Common Stock, Shares, Outstanding 72,400,000 72,400,000
Common shares, shares issued (in shares) 75,400,000 75,400,000