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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
    Cash and cash equivalents $ 578.2 $ 608.7
Restricted cash 30.0 35.9
    Accounts receivable, net 439.3 444.2
    Other current assets 125.7 117.8
Total current assets 1,173.2 1,206.6
PROPERTY AND EQUIPMENT, AT COST 1,018.8 957.0
    Less accumulated depreciation 88.6 66.1
Property, Plant and Equipment, Net, Total 930.2 890.9
Due from Joint Ventures, Noncurrent 256.8 249.1
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 90.9 86.6
OTHER ASSETS 186.6 176.0
Total assets 2,637.7 2,609.2
CURRENT LIABILITIES    
Accounts payable - trade 311.2 225.8
Accrued liabilities and other 212.1 196.2
Total current liabilities 523.3 422.0
LONG-TERM DEBT 545.5 545.3
OTHER LIABILITIES 544.8 581.1
Total liabilities 1,613.6 1,548.4
Commitments and Contingencies
VALARIS SHAREHOLDERS' EQUITY    
Successor stock warrants 16.4 16.4
Successor additional paid-in capital 1,086.4 1,083.0
Retained deficit (71.6) (33.0)
Accumulated other comprehensive loss (9.4) (9.1)
Total Valaris shareholders' equity 1,022.6 1,058.1
NONCONTROLLING INTERESTS 1.5 2.7
Total equity 1,024.1 1,060.8
Total liabilities and shareholders' equity 2,637.7 2,609.2
Preferred Stock    
VALARIS SHAREHOLDERS' EQUITY    
Common shares, value 0.0 0.0
Common Stock [Member]    
VALARIS SHAREHOLDERS' EQUITY    
Common shares, value $ 0.8 $ 0.8