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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
OPERATING REVENUES $ 643.1 $ 455.1 $ 1,778.2 $ 1,300.4
OPERATING EXPENSES        
Contract drilling (exclusive of depreciation) 462.1 390.9 1,345.6 1,141.6
Depreciation 31.7 25.8 88.2 73.6
General and administrative 30.6 24.2 89.6 75.0
Total operating expenses 524.4 440.9 1,523.4 1,290.2
Income (Loss) from Equity Method Investments 23.8 (2.4) 21.7 (5.0)
OPERATING INCOME 94.9 16.6 233.1 15.2
OTHER INCOME (EXPENSE)        
Interest income 17.5 26.6 69.5 74.2
Interest expense, net (22.4) (19.4) (62.7) (47.2)
Other, net (2.8) 3.9 6.5 3.7
OTHER INCOME (EXPENSE), NET (7.7) 11.1 13.3 30.7
INCOME BEFORE INCOME TAXES 87.2 27.7 246.4 45.9
PROVISION FOR INCOME TAXES        
Current income tax expense (benefit) 20.5 15.5 (12.1) 5.3
Deferred income tax expense (benefit) 3.8 (4.8) 19.3 2.3
Total provision for income taxes 24.3 10.7 7.2 7.6
Net income 62.9 17.0 239.2 38.3
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1.7 (4.1) 0.5 (8.1)
NET INCOME ATTRIBUTABLE TO VALARIS $ 64.6 $ 12.9 $ 239.7 $ 30.2
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.89 $ 0.18 $ 3.31 $ 0.40
Diluted (in dollars per share) $ 0.88 $ 0.17 $ 3.26 $ 0.40
WEIGHTED-AVERAGE SHARES OUTSTANDING        
Basic (in shares) 72.4 73.7 72.4 74.6
Diluted (in shares) 73.2 74.8 73.5 75.7