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Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
OPERATING REVENUES $ 620.7 $ 525.0
OPERATING EXPENSES    
Total contract drilling expenses (exclusive of depreciation) 415.0 444.8
Loss on impairment 7.8 0.0
Depreciation 33.1 26.8
General and administrative 24.4 26.5
Total operating expenses 480.3 498.1
Equity in earnings of ARO (2.6) (2.4)
OPERATING INCOME 143.0 29.3
OTHER INCOME (EXPENSE)    
Interest income 14.4 21.0
Interest expense, net (24.3) (17.7)
Other, net 21.2 5.8
OTHER INCOME (EXPENSE), NET 11.3 9.1
INCOME BEFORE INCOME TAXES 154.3 38.4
PROVISION FOR INCOME TAXES    
Current income tax expense 23.7 10.9
Deferred income tax expense 169.8 2.0
Total provision for income taxes 193.5 12.9
Net income (loss) (39.2) 25.5
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1.3 0.0
NET INCOME (LOSS) ATTRIBUTABLE TO VALARIS $ (37.9) $ 25.5
EARNINGS (LOSS) PER SHARE    
Basic (in dollars per share) $ (0.53) $ 0.35
Diluted (in dollars per share) $ (0.53) $ 0.35
WEIGHTED-AVERAGE SHARES OUTSTANDING    
Basic (in shares) 71.0 72.4
Diluted (in shares) 71.0 73.6
Revenues Excluding Reimbursable Revenues $ 577.8 $ 491.2
Reimbursable Revenues 42.9 33.8
Contract Drilling Expenses Exclusive of Depreciation and Reimbursable Expenses 374.0 412.5
Reimbursable Expenses $ 41.0 $ 32.3