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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 599.4 $ 368.2
Accounts receivable, net 474.8 571.2
Disposal Group, Including Discontinued Operation, Assets 6.4 0.0
Other 144.7 139.3
Total current assets 1,225.3 1,078.7
PROPERTY AND EQUIPMENT, AT COST 2,598.3 2,309.4
Less accumulated depreciation 509.5 376.5
Property and equipment, net 2,088.8 1,932.9
LONG-TERM NOTES RECEIVABLE FROM ARO 345.0 296.2
INVESTMENT IN ARO 121.8 113.4
Deferred Income Tax Assets, Net 1,364.2 849.5
OTHER ASSETS 159.7 149.1
TOTAL ASSETS 5,304.8 4,419.8
CURRENT LIABILITIES    
Accounts payable - trade 348.2 328.5
Accrued liabilities and other 343.4 351.0
Liabilities, Current 691.6 679.5
LONG-TERM DEBT 1,086.0 1,082.7
Deferred Tax Liabilities, Net 29.7 30.1
OTHER LIABILITIES 325.8 383.2
Liabilities 2,133.1 2,175.5
COMMITMENTS AND CONTINGENCIES
VALARIS SHAREHOLDERS' EQUITY    
Common Stock, Value, Outstanding 0.8 0.8
Preferred Stock, Value, Outstanding 0.0 0.0
Warrants and Rights Outstanding 16.4 16.4
Additional paid-in capital 1,134.9 1,113.3
Retained earnings 2,381.7 1,398.9
Accumulated other comprehensive income 60.9 34.2
Treasury Stock, Common, Value (425.1) (325.1)
Total Valaris shareholders' equity 3,169.6 2,238.5
NONCONTROLLING INTERESTS 2.1 5.8
Total equity 3,171.7 2,244.3
Total liabilities and shareholders' equity $ 5,304.8 $ 4,419.8
Treasury Stock, Common, Shares 7,200 5,200