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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenues Excluding Reimbursable Revenues $ 2,207.9 $ 2,211.9 $ 1,676.0
Reimbursable Revenues 161.1 150.7 108.2
Total operating revenues 2,369.0 2,362.6 1,784.2
OPERATING EXPENSES      
Contract Drilling Expenses Exclusive of Depreciation and Reimbursable Expenses 1,477.1 1,618.5 1,440.4
Reimbursable Expenses 152.6 142.4 103.2
Cost of Product and Service Sold 1,629.7 1,760.9 1,543.6
Loss on impairment 27.3 0.0 0.0
Depreciation 146.3 122.1 101.1
General and administrative 97.1 116.3 99.3
Total operating expenses 1,900.4 1,999.3 1,744.0
EQUITY IN EARNINGS (LOSSES) OF ARO 8.4 (11.0) 13.3
OPERATING INCOME 477.0 352.3 53.5
OTHER INCOME (EXPENSE)      
Interest income 70.8 86.1 101.4
Interest expense, net 98.8 84.8 68.9
Other, net 103.3 16.6 (1.8)
Other income (expense), net 75.3 17.9 30.7
INCOME BEFORE INCOME TAXES 552.3 370.2 84.2
Current tax expense:      
Current income tax expense 88.3 (5.4) 3.8
Deferred income tax expense (benefit) (515.1) 5.8 (786.4)
Total provision for income taxes (426.8) 0.4 (782.6)
NET INCOME 979.1 369.8 866.8
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 3.7 3.6 (1.4)
NET INCOME ATTRIBUTABLE TO VALARIS $ 982.8 $ 373.4 $ 865.4
EARNINGS PER SHARE      
Basic $ 13.92 $ 5.18 $ 11.68
Diluted $ 13.86 $ 5.12 $ 11.51
WEIGHTED-AVERAGE SHARES OUTSTANDING      
Basic 70,600 72,100 74,100
Diluted 70,900 72,900 75,200