v3.25.2

Equity Method Investment in ARO - Schedule of Related Parties (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2025	Dec. 31, 2024	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Schedule of Equity Method Investments [Line Items]
Accounts receivable, net	$ 554.2	$ 571.2		$ 554.2
Contract with Customer, Liability	141.8	158.6		141.8
Accounts payable - trade	332.3	328.5		332.3
Carrying value	308.5	296.2		308.5
Paid-in-Kind Interest		24.6
ARO
Schedule of Equity Method Investments [Line Items]
Accounts receivable, net	26.8	16.5		26.8
Contract with Customer, Liability	16.8	14.1		16.8
Accounts payable - trade	51.3	43.1		51.3
Principal amount	376.6	376.6		376.6
Discount	(68.1)	(80.4)		(68.1)
Carrying value	308.5	296.2		308.5
Interest receivable	8.0	$ 0.0		8.0
Interest income	4.0		$ 5.2	8.0	$ 12.2
Accretion of Discount on the Notes Receivable	6.2		20.6	12.3	27.6
Total interest income on the Notes Receivable from ARO	$ 10.2		25.8	$ 20.3	39.8
ARO \| Net Settlement Agreement
Schedule of Equity Method Investments [Line Items]
Accounts payable - trade			50.7		50.7
Accretion of Discount on the Notes Receivable			$ 13.9		$ 13.9

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Valaris Ltd 10-Q