$VAL
Valaris Ltd Stock $val

$val Overview Financials Valuation SEC Filings Company Website

2020 Q2 Form 10-Q Financial Statement

#000031480820000066 Filed on April 30, 2020

Income Statement

Concept	2020 Q2	2020 Q1	2019 Q1
Revenue	$388.8M	$456.6M	$405.9M
YoY Change	-33.41%	12.49%	-2.66%
Cost Of Revenue			$332.6M
YoY Change			2.28%
Gross Profit			$73.30M
YoY Change			-20.15%
Gross Profit Margin			18.06%
Selling, General & Admin	$62.60M	$53.40M	$21.10M
YoY Change	-22.91%	153.08%	-17.58%
% of Gross Profit			28.79%
Research & Development	$370.7M	$476.0M	$332.6M
YoY Change	-25.9%	43.11%
% of Gross Profit			453.75%
Depreciation & Amortization	$131.5M	$164.5M	$92.70M
YoY Change	-16.72%	77.45%	-5.31%
% of Gross Profit			126.47%
Operating Expenses	$370.7M	$476.0M	$332.6M
YoY Change	-25.9%	43.11%	1199.22%
Operating Profit	-$1.019B	-$3.052B	-$81.30M
YoY Change	547.52%	3653.75%	58.48%
Interest Expense	-$115.7M	-$114.7M	$39.30M
YoY Change	9.36%	-391.86%	2.08%
% of Operating Profit
Other Income/Expense, Net	-$105.4M	-$107.9M	-$75.20M
YoY Change	-117.65%	43.48%	6.36%
Pretax Income	-$1.125B	-$3.160B	-$156.5M
YoY Change	-355.65%	1918.98%	28.28%
Income Tax	-$15.80M	-$152.0M	$31.50M
% Of Pretax Income
Net Earnings	-$1.107B	-$3.006B	-$190.4M
YoY Change	-373.09%	1478.94%	35.9%
Net Earnings / Revenue	-284.83%	-658.41%	-46.91%
Basic Earnings Per Share
Diluted Earnings Per Share	-$14.77M	-$40.08M	-$2.539M
COMMON SHARES
Basic Shares Outstanding	205.9M shares	197.3M shares	437.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2020 Q2	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$202.0M	$185.0M	$543.0M
YoY Change	-81.54%	-65.93%
Cash & Equivalents	$202.0M	$184.9M	$298.4M
Short-Term Investments			$245.0M
Other Short-Term Assets	$500.8M	$427.5M	$354.8M
YoY Change	0.22%	20.49%	-13.51%
Inventory	$303.0M	$309.0M	$264.0M
Prepaid Expenses	$81.00M	$11.40M	$9.700M
Receivables	$308.0M	$432.0M	$184.3M
Other Receivables	$55.00M	$61.00M	$7.300M
Total Short-Term Assets	$1.066B	$1.106B	$1.169B
YoY Change	-52.03%	-5.38%	-25.98%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.19B	$12.16B	$12.51B
YoY Change	-27.58%	-2.81%	-2.54%
Goodwill
YoY Change
Intangibles	$3.800M	$10.40M
YoY Change	-74.5%
Long-Term Investments	$117.0M	$122.0M
YoY Change	-15.83%
Other Assets	$210.2M	$187.0M	$128.6M
YoY Change	24.09%	45.41%	6.99%
Total Long-Term Assets	$11.97B	$12.92B	$6.792B
YoY Change	-26.17%	90.23%	-47.58%
TOTAL ASSETS
Total Short-Term Assets	$1.066B	$1.106B	$1.169B
Total Long-Term Assets	$11.97B	$12.92B	$6.792B
Total Assets	$13.04B	$14.03B	$7.960B
YoY Change	-29.29%	76.19%	-45.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$151.9M	$258.4M	$214.2M
YoY Change	-54.68%	20.63%	-14.83%
Accrued Expenses	$301.0M	$307.0M	$115.7M
YoY Change	-10.95%	165.34%
Deferred Revenue	$31.50M	$24.50M	$56.90M
YoY Change	-31.82%	-56.94%	-27.05%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.518B	$224.5M	$201.3M
YoY Change	123.77%	11.53%
Total Short-Term Liabilities	$3.068B	$885.2M	$425.0M
YoY Change	61.58%	108.28%	-25.87%
LONG-TERM LIABILITIES
Long-Term Debt	$4.092B	$6.149B	$2.310B
YoY Change	-32.02%	166.21%	-53.69%
Other Long-Term Liabilities	$693.2M	$695.7M	$306.8M
YoY Change	-13.24%	126.76%	-19.69%
Total Long-Term Liabilities	$4.785B	$6.844B	$2.617B
YoY Change	-29.82%	161.58%	-51.27%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.068B	$885.2M	$425.0M
Total Long-Term Liabilities	$4.785B	$6.844B	$2.617B
Total Liabilities	$7.854B	$7.730B	$3.042B
YoY Change	-9.92%	154.13%	-48.82%
SHAREHOLDERS EQUITY
Retained Earnings	-$3.442B	-$2.335B	$3.680B
YoY Change	-417.29%	-163.44%	165.24%
Common Stock			$16.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$76.80M	$77.30M	$4.200M
YoY Change	2.4%	1740.48%	-94.0%
Treasury Stock Shares	8.100M shares	8.100M shares	5.900M shares
Shareholders Equity	$5.190B	$6.298B	$4.907B
YoY Change
Total Liabilities & Shareholders Equity	$13.04B	$14.03B	$7.960B
YoY Change	-29.29%	76.19%	-45.23%

Cashflow Statement

Concept	2020 Q2	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	-$1.107B	-$3.006B	-$190.4M
YoY Change	-373.09%	1478.94%	35.9%
Depreciation, Depletion And Amortization	$131.5M	$164.5M	$92.70M
YoY Change	-16.72%	77.45%	-5.31%
Cash From Operating Activities	-$176.7M	-$204.4M	-$24.40M
YoY Change	-34.31%	737.7%	119.82%
INVESTING ACTIVITIES
Capital Expenditures	-$30.80M	$36.30M	$29.00M
YoY Change	-70.89%	25.17%	-18.08%
Acquisitions
YoY Change
Other Investing Activities	$3.400M	$10.40M	-$300.0K
YoY Change	-99.67%	-3566.67%	200.0%
Cash From Investing Activities	-$27.40M	-$25.90M	$55.30M
YoY Change	-102.91%	-146.84%	-153.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$9.700M	$0.00
YoY Change			-100.0%
Cash From Financing Activities	221.1M	$318.3M	-$7.300M
YoY Change	-2185.85%	-4460.27%	121.21%
NET CHANGE
Cash From Operating Activities	-176.7M	-$204.4M	-$24.40M
Cash From Investing Activities	-27.40M	-$25.90M	$55.30M
Cash From Financing Activities	221.1M	$318.3M	-$7.300M
Net Change In Cash	17.00M	$87.70M	$23.30M
YoY Change	-97.43%	276.39%	-119.75%
FREE CASH FLOW
Cash From Operating Activities	-$176.7M	-$204.4M	-$24.40M
Capital Expenditures	-$30.80M	$36.30M	$29.00M
Free Cash Flow	-$145.9M	-$240.7M	-$53.40M
YoY Change	-10.6%	350.75%	14.84%

Facts In Submission

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CY2020Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2020Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
CY2020Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000314808
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CY2020Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2020Q1	val	Contract Terms For New Build Rigs ContractTermsForNewBuildRigs	P8Y
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
CY2019Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	5900000	shares
CY2020Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	8100000	shares
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CY2019Q1	us-gaap	Interest Expense Other InterestExpenseOther	81000000.0	USD
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CY2020Q1	val	Shareholder Notes Receivable Terms ShareholderNotesReceivableTerms	P10Y
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q1	dei	Entity File Number EntityFileNumber	1-8097
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	Valaris plc
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	X0
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	98-0635229
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	110 Cannon Street
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	London,
CY2020Q1	dei	Entity Address Country EntityAddressCountry	GB
CY2020Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	EC4N6EU
CY2020Q1	dei	City Area Code CityAreaCode	44 (0) 20
CY2020Q1	dei	Local Phone Number LocalPhoneNumber	7659 4660
CY2020Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2020Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2020Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2020Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2019Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	5900000	USD
CY2020Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	14200000	USD
CY2019Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	2200000	USD
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	7800000	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5300000	USD
CY2020Q1	val	Business Combination Bargain Purchase Adjustment BusinessCombinationBargainPurchaseAdjustment	6300000	USD
CY2019Q1	val	Business Combination Bargain Purchase Adjustment BusinessCombinationBargainPurchaseAdjustment	0	USD
CY2020Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-6300000	USD
CY2019Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2020Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	129900000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-40500000	USD
CY2020Q1	us-gaap	Pension Contributions PensionContributions	4000000.0	USD
CY2019Q1	us-gaap	Pension Contributions PensionContributions	0	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-204400000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-24400000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	36300000	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	29000000.0	USD
CY2020Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	10400000	USD
CY2019Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	300000	USD
CY2020Q1	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	0	USD
CY2019Q1	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	-204000000.0	USD
CY2020Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	0	USD
CY2019Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	120000000.0	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-25900000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	55300000	USD
CY2020Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	343900000	USD
CY2019Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2020Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	15000000.0	USD
CY2019Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2020Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	9700000	USD
CY2019Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2020Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	0	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	4500000	USD
CY2020Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-900000	USD
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	33300000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7300000	USD
CY2020Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-300000	USD
CY2019Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-300000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	87700000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	23300000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	97200000	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	275100000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	184900000	USD
CY2019Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	298400000	USD
CY2020Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	7200000	USD
CY2020Q1	us-gaap	Contract With Customer Asset Net Noncurrent ContractWithCustomerAssetNetNoncurrent	400000	USD
CY2019Q4	us-gaap	Contract With Customer Asset Net Noncurrent ContractWithCustomerAssetNetNoncurrent	0	USD
CY2020Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	24500000	USD
CY2019Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	30000000.0	USD
CY2020Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	8800000	USD
CY2019Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	9700000	USD
CY2019Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	3500000	USD
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	39700000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	5100000	USD
CY2020Q1	val	Contractwith Customer Liability Increasefrom Cash Receipts ContractwithCustomerLiabilityIncreasefromCashReceipts	6200000	USD
CY2020Q1	val	Contractwith Customer Liability Revenue Recognized Included In Beginning Balance ContractwithCustomerLiabilityRevenueRecognizedIncludedInBeginningBalance	-12000000.0	USD
CY2020Q1	val	Contractwith Customer Liability Revenue Recognized Added During Period ContractwithCustomerLiabilityRevenueRecognizedAddedDuringPeriod	-600000	USD
CY2020Q1	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	-1000000.0	USD
CY2020Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	7600000	USD
CY2020Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	33300000	USD
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	21300000	USD
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	9800000	USD
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	2200000	USD
CY2020Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	0	USD
CY2020Q1	val	Business Combination Bargain Purchase Adjustment BusinessCombinationBargainPurchaseAdjustment	6300000	USD
CY2020Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	12600000	USD
CY2020Q1	us-gaap	Financial Liabilities Fair Value Disclosure FinancialLiabilitiesFairValueDisclosure	12600000	USD
CY2020Q1	val	Capitalized Contract Cost Amortization Expense Remainder Of Fiscal Year CapitalizedContractCostAmortizationExpenseRemainderOfFiscalYear	28600000	USD
CY2020Q1	val	Capitalized Contract Cost Amortization Expense Year Two CapitalizedContractCostAmortizationExpenseYearTwo	9300000	USD
CY2020Q1	val	Capitalized Contract Cost Amortization Expense Year Three CapitalizedContractCostAmortizationExpenseYearThree	1600000	USD
CY2020Q1	val	Capitalized Contract Cost Amortization Expense Year Fourand Thereafter CapitalizedContractCostAmortizationExpenseYearFourandThereafter	400000	USD
CY2020Q1	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	39900000	USD
CY2020Q1	val	Numberof Rigs Ownedby Aro NumberofRigsOwnedbyARO	7	jackup
CY2020Q1	val	Numberofjackupsleasedby Aro NumberofjackupsleasedbyARO	9	jackup
CY2020Q1	val	Numberofjackupsleasedby Aro NumberofjackupsleasedbyARO	9	jackup
CY2020Q1	val	Contracts Terms On Purchased Rigs ContractsTermsOnPurchasedRigs	P15Y
CY2020Q1	val	Contracts On Purchased Rigs Terms For Renewal And Repricing ContractsOnPurchasedRigsTermsForRenewalAndRepricing	P3Y
CY2020Q1	val	Numberof Newbuild Jackup Rigs NumberofNewbuildJackupRigs	20	jackup
CY2020Q1	val	Order Period OrderPeriod	P10Y
CY2020Q1	val	Maximum Contingent Contributions To Joint Venture MaximumContingentContributionsToJointVenture	1250000000	USD
CY2020Q1	val	Minimum Renewal Contract Terms For New Build Rigs MinimumRenewalContractTermsForNewBuildRigs	P8Y
CY2020Q1	val	Numberof Rigs Ownedby Aro NumberofRigsOwnedbyARO	7	jackup
CY2020Q1	val	Equity Method Investment Summarized Financial Information Accounts Receivable EquityMethodInvestmentSummarizedFinancialInformationAccountsReceivable	34000000.0	USD
CY2019Q4	val	Equity Method Investment Summarized Financial Information Accounts Receivable EquityMethodInvestmentSummarizedFinancialInformationAccountsReceivable	21800000	USD
CY2020Q1	val	Equity Method Investment Summarized Financial Information Accounts Payable EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable	700000	USD
CY2020Q1	us-gaap	Due From Joint Ventures DueFromJointVentures	14200000	USD
CY2019Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	26000000.0	USD
CY2020Q1	us-gaap	Due From Joint Ventures Noncurrent DueFromJointVenturesNoncurrent	452900000	USD
CY2020Q1	val	Equity Method Investment Summarized Financial Information Interest Income EquityMethodInvestmentSummarizedFinancialInformationInterestIncome	4600000	USD
CY2019Q4	us-gaap	Derivative Assets DerivativeAssets	5400000	USD
CY2020Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-3006300000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-190400000	USD
CY2020Q1	val	Total Financial Assets TotalFinancialAssets	21200000	USD
CY2020Q1	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	-12600000	USD
CY2020Q1	val	Equity Method Investment Summarized Financial Information Interest Receivable EquityMethodInvestmentSummarizedFinancialInformationInterestReceivable	4600000	USD
CY2020Q1	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	21200000	USD
CY2020Q1	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	21200000	USD
CY2019Q4	val	Total Financial Assets TotalFinancialAssets	31400000	USD
CY2020Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	224500000	USD
CY2020Q1	us-gaap	Shortterm Debt Fair Value ShorttermDebtFairValue	0	USD
CY2019Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	124800000	USD
CY2019Q4	us-gaap	Shortterm Debt Fair Value ShorttermDebtFairValue	0	USD
CY2020Q1	us-gaap	Line Of Credit LineOfCredit	328900000	USD
CY2020Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	6000000.0	USD
CY2020Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	14461900000	USD
CY2019Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18393800000	USD
CY2019	srt	Average Sales Prices AverageSalesPrices	60
CY2020Q1	srt	Average Sales Prices AverageSalesPrices	20
CY2020Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2800000000	USD
CY2020Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	72300000	USD
CY2020Q1	us-gaap	Other Preferred Stock Dividends And Adjustments OtherPreferredStockDividendsAndAdjustments	0	USD
CY2020Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	4000000.0	USD
CY2020Q1	us-gaap	Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear	32600000	USD
CY2020Q1	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	-12600000	USD
CY2019Q4	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	5400000	USD
CY2020Q1	us-gaap	Derivative Remaining Maturity1 DerivativeRemainingMaturity1	P18M
CY2020Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	2800000	USD
CY2019Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	6300000	USD
CY2020Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	15400000	USD
CY2019Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	900000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-12900000	USD
CY2020Q1	us-gaap	Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred	-7900000	USD
CY2019Q1	us-gaap	Other Preferred Stock Dividends And Adjustments OtherPreferredStockDividendsAndAdjustments	100000	USD
CY2020Q1	val	Income Lossfrom Continuing Operations Attributableto Parent Availableto Common Stockholders IncomeLossfromContinuingOperationsAttributabletoParentAvailabletoCommonStockholders	-3006300000	USD
CY2019Q1	val	Income Lossfrom Continuing Operations Attributableto Parent Availableto Common Stockholders IncomeLossfromContinuingOperationsAttributabletoParentAvailabletoCommonStockholders	-190500000	USD
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	400000	shares
CY2019Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	200000	shares
CY2020Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	3100000	USD
CY2020Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-164400000	USD
CY2019Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	600000	USD
CY2020Q1	val	Incometaxexpenseadjustedfordiscreteitems Incometaxexpenseadjustedfordiscreteitems	12400000	USD
CY2019Q1	val	Incometaxexpenseadjustedfordiscreteitems Incometaxexpenseadjustedfordiscreteitems	30900000	USD
CY2019Q3	val	Tax Assessment TaxAssessment	42000000	USD
CY2020Q1	val	Declineinbacklogasaresultofpotentialcontracttermination Declineinbacklogasaresultofpotentialcontracttermination	150000000	USD
CY2020Q1	val	Lossof Hire Insurance Per Day LossofHireInsurancePerDay	602500	USD
CY2019Q3	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	100000000	USD
CY2019Q4	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	20300000	USD
CY2020Q1	val	Maximum Contingent Contributions To Joint Venture MaximumContingentContributionsToJointVenture	1250000000	USD
CY2020Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	117900000	USD
CY2020Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	Reportable_segment
CY2020Q1	us-gaap	Revenues Revenues	456600000	USD
CY2020Q1	us-gaap	Operating Expenses OperatingExpenses	476000000.0	USD
CY2020Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2808200000	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	164500000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	53400000	USD
CY2020Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-6300000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3051800000	USD
CY2020Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12157200000	USD
CY2019Q1	us-gaap	Revenues Revenues	405900000	USD
CY2019Q1	us-gaap	Operating Expenses OperatingExpenses	332600000	USD
CY2019Q1	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	125000000.0	USD
CY2019Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	29600000	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-81300000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12508900000	USD
CY2020Q1	us-gaap	Other Assets Current OtherAssetsCurrent	427500000	USD
CY2019Q4	us-gaap	Other Assets Current OtherAssetsCurrent	446500000	USD
CY2020Q1	val	Number Of Drilling Management Contracts NumberOfDrillingManagementContracts	2	contract
CY2020Q1	val	Total Number Of Contract Drilling Rigs TotalNumberOfContractDrillingRigs	77
CY2020Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	503300000	USD
CY2019Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	526700000	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	10100000	USD
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	6000000.0	USD
CY2020Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	493200000	USD
CY2019Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	520700000	USD
CY2020Q1	us-gaap	Inventory Gross InventoryGross	308900000	USD
CY2019Q4	us-gaap	Inventory Gross InventoryGross	340100000	USD
CY2020Q1	us-gaap	Prepaid Taxes PrepaidTaxes	45500000	USD
CY2019Q4	us-gaap	Prepaid Taxes PrepaidTaxes	36200000	USD
CY2020Q1	us-gaap	Other Deferred Costs Net OtherDeferredCostsNet	32600000	USD
CY2019Q4	us-gaap	Other Deferred Costs Net OtherDeferredCostsNet	23300000	USD
CY2020Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	11400000	USD
CY2019Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	13500000	USD
CY2020Q1	val	Assets Current Other AssetsCurrentOther	29100000	USD
CY2019Q4	val	Assets Current Other AssetsCurrentOther	33400000	USD
CY2020Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	53900000	USD
CY2020Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	61100000	USD
CY2019Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	36300000	USD
CY2019Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	58100000	USD
CY2020Q1	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	21200000	USD
CY2019Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	26000000.0	USD
CY2020Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	19000000.0	USD
CY2019Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	26600000	USD
CY2020Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	10400000	USD
CY2019Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	11900000	USD
CY2020Q1	us-gaap	Deferred Costs DeferredCosts	7300000	USD
CY2019Q4	us-gaap	Deferred Costs DeferredCosts	7100000	USD
CY2020Q1	val	Assets Noncurrent Other AssetsNoncurrentOther	14100000	USD
CY2019Q4	val	Assets Noncurrent Other AssetsNoncurrentOther	22300000	USD
CY2020Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	187000000.0	USD
CY2019Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	188300000	USD
CY2020Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	126400000	USD
CY2019Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	134400000	USD
CY2020Q1	us-gaap	Interest Payable Current InterestPayableCurrent	100100000	USD
CY2019Q4	us-gaap	Interest Payable Current InterestPayableCurrent	115200000	USD
CY2020Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	71100000	USD
CY2019Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	61200000	USD
CY2020Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	24500000	USD
CY2019Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	30000000.0	USD
CY2020Q1	us-gaap	Settlement Liabilities Current SettlementLiabilitiesCurrent	20300000	USD
CY2019Q4	us-gaap	Settlement Liabilities Current SettlementLiabilitiesCurrent	20300000	USD
CY2020Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	19100000	USD
CY2019Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	21100000	USD
CY2020Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	14100000	USD
CY2019Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	900000	USD
CY2020Q1	val	Liabilities Current Other LiabilitiesCurrentOther	26700000	USD
CY2019Q4	val	Liabilities Current Other LiabilitiesCurrentOther	34600000	USD
CY2020Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	402300000	USD
CY2019Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	417700000	USD
CY2020Q1	us-gaap	Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent	243100000	USD
CY2019Q4	us-gaap	Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent	246700000	USD
CY2020Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	233400000	USD
CY2019Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	323100000	USD
CY2020Q1	val	Intangible Liabilities Noncurrent IntangibleLiabilitiesNoncurrent	51500000	USD
CY2019Q4	val	Intangible Liabilities Noncurrent IntangibleLiabilitiesNoncurrent	52100000	USD
CY2020Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	48000000.0	USD
CY2019Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	51800000	USD
CY2020Q1	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	35200000	USD
CY2019Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	99000000.0	USD
CY2020Q1	val	Supplemental Executive Retirement Plan Liabilities SupplementalExecutiveRetirementPlanLiabilities	21600000	USD
CY2019Q4	val	Supplemental Executive Retirement Plan Liabilities SupplementalExecutiveRetirementPlanLiabilities	26700000	USD
CY2020Q1	us-gaap	Other Employee Related Liabilities Current And Noncurrent OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent	13900000	USD
CY2019Q4	us-gaap	Other Employee Related Liabilities Current And Noncurrent OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent	24500000	USD
CY2020Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	8800000	USD
CY2019Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	9700000	USD
CY2020Q1	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	40200000	USD
CY2019Q4	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	33800000	USD
CY2020Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	695700000	USD
CY2019Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	867400000	USD
CY2020Q1	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-21700000	USD
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-21700000	USD
CY2020Q1	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	9600000	USD
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	22600000	USD
CY2020Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	6700000	USD
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	7100000	USD
CY2020Q1	val	Accumulated Other Comprehensive Income Loss Other Net Of Tax AccumulatedOtherComprehensiveIncomeLossOtherNetOfTax	-1800000	USD
CY2019Q4	val	Accumulated Other Comprehensive Income Loss Other Net Of Tax AccumulatedOtherComprehensiveIncomeLossOtherNetOfTax	-1800000	USD
CY2020Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-7200000	USD
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	6200000	USD
CY2020Q1	us-gaap	Senior Notes SeniorNotes	422900000	USD
CY2020Q1	us-gaap	Revenues Revenues	456600000	USD
CY2020Q1	val	Contract Drilling ContractDrilling	476000000.0	USD
CY2020Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2808200000	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	164500000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	53400000	USD
CY2020Q1	us-gaap	Costs And Expenses CostsAndExpenses	3502100000	USD
CY2020Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-6300000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3051800000	USD
CY2020Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-107900000	USD
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3159700000	USD
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-152000000.0	USD
CY2020Q1	val	Equityin Earningsof Subsidiaries Netof Tax EquityinEarningsofSubsidiariesNetofTax	0	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-3007700000	USD
CY2020Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1400000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-3006300000	USD
CY2019Q1	us-gaap	Revenues Revenues	405900000	USD
CY2019Q1	val	Contract Drilling ContractDrilling	332600000	USD
CY2019Q1	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	125000000.0	USD
CY2019Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	29600000	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-81300000	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-75200000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-156500000	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	31500000	USD
CY2019Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	-188000000.0	USD
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2400000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-190400000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-3007700000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-12900000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	100000	USD
CY2020Q1	val	Accumulated Other Comprehensive Income Gains And Losses On Derivative Instruments Other AccumulatedOtherComprehensiveIncomeGainsAndLossesOnDerivativeInstrumentsOther	-400000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-13400000	USD
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-3021100000	USD
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1400000	USD
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3019700000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	-188000000.0	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-1600000	USD
CY2019Q1	val	Accumulated Other Comprehensive Income Gains And Losses On Derivative Instruments Other AccumulatedOtherComprehensiveIncomeGainsAndLossesOnDerivativeInstrumentsOther	-100000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1500000	USD
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-186500000	USD
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	2400000	USD
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-188900000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	184900000	USD
CY2020Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	493200000	USD
CY2020Q1	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	0	USD
CY2020Q1	us-gaap	Other Assets Current OtherAssetsCurrent	427500000	USD
CY2020Q1	us-gaap	Assets Current AssetsCurrent	1105600000	USD
CY2020Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	14461900000	USD
CY2020Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2304700000	USD
CY2020Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12157200000	USD
CY2020Q1	us-gaap	Due From Joint Ventures Noncurrent DueFromJointVenturesNoncurrent	452900000	USD
CY2020Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	122400000	USD
CY2020Q1	us-gaap	Due From Affiliate Noncurrent DueFromAffiliateNoncurrent	0	USD
CY2020Q1	val	Investmentinandadvancesto Consolidated Subsidiaries InvestmentinandadvancestoConsolidatedSubsidiaries	0	USD
CY2020Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	187000000.0	USD
CY2020Q1	us-gaap	Assets Assets	14025100000	USD
CY2020Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	660700000	USD
CY2020Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	0	USD
CY2020Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	224500000	USD
CY2020Q1	us-gaap	Liabilities Current LiabilitiesCurrent	885200000	USD
CY2020Q1	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	0	USD
CY2020Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	6148600000	USD
CY2020Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	695700000	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	6298300000	USD
CY2020Q1	us-gaap	Minority Interest MinorityInterest	-2700000	USD
CY2020Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6295600000	USD
CY2020Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14025100000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	97200000	USD
CY2019Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	520700000	USD
CY2019Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	0	USD
CY2019Q4	us-gaap	Other Assets Current OtherAssetsCurrent	446500000	USD
CY2019Q4	us-gaap	Assets Current AssetsCurrent	1064400000	USD
CY2019Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18393800000	USD
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	3296900000	USD
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	15096900000	USD
CY2019Q4	us-gaap	Due From Joint Ventures Noncurrent DueFromJointVenturesNoncurrent	452900000	USD
CY2019Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	128700000	USD
CY2019Q4	us-gaap	Due From Affiliate Noncurrent DueFromAffiliateNoncurrent	0	USD
CY2019Q4	val	Investmentinandadvancesto Consolidated Subsidiaries InvestmentinandadvancestoConsolidatedSubsidiaries	0	USD
CY2019Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	188300000	USD
CY2019Q4	us-gaap	Assets Assets	16931200000	USD
CY2019Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	705900000	USD
CY2019Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	0	USD
CY2019Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	124800000	USD
CY2019Q4	us-gaap	Liabilities Current LiabilitiesCurrent	830700000	USD
CY2019Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	0	USD
CY2019Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5923500000	USD
CY2019Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	867400000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	9310900000	USD
CY2019Q4	us-gaap	Minority Interest MinorityInterest	-1300000	USD
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9309600000	USD
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	16931200000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-204400000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	36300000	USD
CY2020Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	10400000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-25900000	USD
CY2020Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	343900000	USD
CY2020Q1	us-gaap	Payments For Proceeds From Businesses And Interest In Affiliates PaymentsForProceedsFromBusinessesAndInterestInAffiliates	0	USD
CY2020Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	15000000.0	USD
CY2020Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	9700000	USD
CY2020Q1	val	Proceeds From Payments For Other Financing Activities Excluding Proceeds From Payments For Exercise Of Stock Options ProceedsFromPaymentsForOtherFinancingActivitiesExcludingProceedsFromPaymentsForExerciseOfStockOptions	-900000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	318300000	USD
CY2020Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-300000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	87700000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	97200000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	184900000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-24400000	USD
CY2019Q1	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	-204000000.0	USD
CY2019Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	120000000.0	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	29000000.0	USD
CY2019Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-300000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	55300000	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	4500000	USD
CY2019Q1	us-gaap	Payments For Proceeds From Businesses And Interest In Affiliates PaymentsForProceedsFromBusinessesAndInterestInAffiliates	0	USD
CY2019Q1	val	Proceeds From Payments For Other Financing Activities Excluding Proceeds From Payments For Exercise Of Stock Options ProceedsFromPaymentsForOtherFinancingActivitiesExcludingProceedsFromPaymentsForExerciseOfStockOptions	-2800000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7300000	USD
CY2019Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-300000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	23300000	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	275100000	USD
CY2019Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	298400000	USD

Files In Submission

Name	View Source	Status
0000314808-20-000066-index-headers.html	Edgar Link	pending
0000314808-20-000066-index.html	Edgar Link	pending
0000314808-20-000066.txt	Edgar Link	pending
0000314808-20-000066-xbrl.zip	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
val-20200331.xsd	Edgar Link	pending
val-20200331_cal.xml	Edgar Link	unprocessable
val-20200331_def.xml	Edgar Link	unprocessable
val-20200331_lab.xml	Edgar Link	unprocessable
val-20200331_pre.xml	Edgar Link	unprocessable
val-3312020x10q.htm	Edgar Link	pending
val-3312020x10q_htm.xml	Edgar Link	completed
val-3312020xexhibit102.htm	Edgar Link	pending
val-3312020xexhibit103.htm	Edgar Link	pending
val-3312020xexhibit104.htm	Edgar Link	pending
val-3312020xexhibit105.htm	Edgar Link	pending
val-3312020xexhibit151.htm	Edgar Link	pending
val-3312020xexhibit311.htm	Edgar Link	pending
val-3312020xexhibit312.htm	Edgar Link	pending
val-3312020xexhibit321.htm	Edgar Link	pending
val-3312020xexhibit322.htm	Edgar Link	pending

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$VAL
Valaris Ltd Stock $val

2020 Q2 Form 10-Q Financial Statement

#000031480820000066 Filed on April 30, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VAL Valaris Ltd Stock $val

2020 Q2 Form 10-Q Financial Statement

#000031480820000066 Filed on April 30, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VAL
Valaris Ltd Stock $val