XML 61 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1
Equity Method Investment in ARO Equity Method Investment In ARO - Summarized Financial Data (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]      
Total operating revenues $ 2,362.6 $ 1,784.2 $ 1,602.5
Loss on impairment 0.0 0.0 34.5
Depreciation 122.1 101.1 91.2
General and administrative 116.3 99.3 80.9
OPERATING INCOME 352.3 53.5 37.2
Nonoperating Income (Expense) (17.9) (30.7) (187.7)
Total provision for income taxes 0.4 (782.6) 43.1
NET INCOME ATTRIBUTABLE TO VALARIS 373.4 865.4 176.5
ASSETS      
Cash and cash equivalents 368.2 620.5  
Other 127.0 177.2  
TOTAL ASSETS 4,419.8 4,322.2  
Liabilities [Abstract]      
Liabilities, Current 679.5 744.3  
Liabilities 2,175.5 2,325.2  
Total assets 368.9 343.5  
Investment Owned, Balance [Abstract]      
EQUITY IN EARNINGS (LOSSES) OF ARO (11.0) 13.3 24.5
ARO      
Related Party Transactions [Abstract]      
Lease Revenue From Related Party 52.6 69.2 56.7
ARO      
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]      
Total operating revenues 512.5 496.6 459.5
Contract drilling (exclusive of depreciation) 367.7 365.9 341.8
Loss on impairment 28.4 0.0 0.0
Depreciation 89.2 65.9 63.4
General and administrative 23.7 22.2 18.7
OPERATING INCOME 3.5 42.6 35.6
Nonoperating Income (Expense) 55.5 31.8 11.1
Total provision for income taxes (4.8) 8.3 3.8
NET INCOME ATTRIBUTABLE TO VALARIS (47.2) 2.5 20.7
ASSETS      
Cash and cash equivalents 50.0 92.9  
Other 127.7 184.0  
Assets, Noncurrent 1,291.1 1,081.0  
TOTAL ASSETS 1,468.8 1,357.9  
Liabilities [Abstract]      
Liabilities, Current 146.6 136.0  
Liabilities, Noncurrent 1,202.7 1,056.8  
Liabilities 1,349.3 1,192.8  
ARO | Assets, Total      
Liabilities [Abstract]      
Total assets 426.1 417.1  
ARO | Liabilities, Total      
Liabilities [Abstract]      
Total assets 57.2 73.6  
ARO      
Investment Owned, Balance [Abstract]      
50% interest in ARO net income (loss) (23.6) 1.3 10.4
Amortization of basis differences 12.6 12.0 14.1
EQUITY IN EARNINGS (LOSSES) OF ARO $ (11.0) $ 13.3 $ 24.5