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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
    Cash and cash equivalents $ 662.7 $ 368.2
    Restricted cash 12.8 12.3
    Accounts receivable, net 513.7 571.2
    Other current assets 154.4 127.0
Total current assets 1,343.6 1,078.7
PROPERTY AND EQUIPMENT, AT COST 2,507.7 2,309.4
    Less accumulated depreciation 473.3 376.5
       Property and equipment, net 2,034.4 1,932.9
LONG-TERM NOTES RECEIVABLE FROM ARO 314.7 296.2
INVESTMENT IN ARO 119.3 113.4
DEFERRED TAX ASSETS 673.9 849.5
OTHER ASSETS 152.1 149.1
 Total assets 4,638.0 4,419.8
CURRENT LIABILITIES    
Accounts payable - trade 327.1 328.5
Accrued liabilities and other 390.9 351.0
Total current liabilities 718.0 679.5
LONG-TERM DEBT 1,085.2 1,082.7
DEFERRED TAX LIABILITIES 27.0 30.1
OTHER LIABILITIES 357.2 383.2
Liabilities, Total 2,187.4 2,175.5
COMMITMENTS AND CONTINGENCIES (Note 11)
VALARIS SHAREHOLDERS' EQUITY    
Common Shares, $0.01 par value, 700.0 shares authorized, 76400000 and 76200000 shares issued, 69700000 and 71000000 shares outstanding as of September 30, 2025 and December 31, 2024, respectively 0.8 0.8
Preference shares, $0.01 par value, 150.0 shares authorized, no shares issued as of September 30, 2025 and December 31, 2024 0.0 0.0
Stock warrants 16.4 16.4
Additional paid-in capital 1,128.6 1,113.3
Retained earnings 1,664.2 1,398.9
Accumulated other comprehensive income $ 37.9 $ 34.2
Treasury Stock, Common, Shares 6,700,000 5,200,000
Treasury shares, at cost, 6.7 and 5.2 shares as of September 30, 2025 and December 31, 2024, respectively. $ (400.1) $ (325.1)
Total Valaris shareholders' equity 2,447.8 2,238.5
NONCONTROLLING INTERESTS 2.8 5.8
Total shareholders' equity 2,450.6 2,244.3
Total liabilities and shareholders' equity $ 4,638.0 $ 4,419.8