Cover	12 Months Ended
Cover	Dec. 31, 2023
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	Valaris Limited
Entity Central Index Key	0000314808

Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2023

USD ($)

$ / shares

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


Year	Summary compensation table total for Mr. Dibowitz(1)	Compensation actually paid to Mr. Dibowitz(2)	Summary compensation table total for Mr. Burke(1)	Compensation actually paid to Mr. Burke(2)	Average summary compensation table total for non-PEO NEOs(1)(3)	Average compensation actually paid to non-PEO NEOs(3)(4)	Value of initial fixed $100 investment based on:		Net income (loss) (millions) (7)	Stock Price (8)
							Total shareholder return(5)	Peer group total shareholder return(6)
2023	6,287,972	1,905,370	—	—	2,435,185	1,749,754	289.30	168.40	866.8	68.57
2022	2,312,047	29,557,102	—	—	2,678,633	5,707,378	285.30	160.70	181.8	67.62
2021	15,419,099	18,405,019	18,487,913	7,600,866	4,949,709	3,779,743	151.90	96.50	(4,487.4)	36.00
2020	—	—	7,567,090	2,677,182	4,339,194	3,744,156	N/A	N/A	(4,857.6)	N/A

Company Selected Measure Name

The company-selected measure is our stock price on the last trading day of each respective year. Our common shares began trading on NYSE on May 3, 2021, following our emergence from Chapter 11.

Named Executive Officers, Footnote

The dollar amounts reported represent the amount of “compensation actually paid” to our PEO for each applicable year, as computed in accordance Non-PEO NEOs included for 2022 are Messrs. Weber, Luca, Lyne, Vukadin and Gibbins. Non-PEO NEOs included for 2021 are Messrs. Luca, Gibbins, Jonathan Baksht (our former Executive Vice President and Chief Financial Officer), and Alan Quintero (our Former Senior Vice President, Business Development). Non-PEO NEOs included for 2020 are Mr. Baksht, Michael McGuinty (our former Senior Vice President, General Counsel and Secretary) and Carl G. Trowell (our former Executive Chairman).

Peer Group Issuers, Footnote

The peer group used for this purpose is the Dow Jones U.S. Select Oil Equipment & Services Index.

Adjustment To PEO Compensation, Footnote

with Item 402(v) of Regulation S-K. In accordance with SEC rules, the following adjustments were made to total compensation to determine the 2023 compensation actually paid:


			Anton Dibowitz
			2023
"Total" as reported in Summary Compensation Table ("SCT")			6,287,972
Less, fair value of equity awards granted during the year as reported in the "Share Awards" column in SCT			(4,314,482)
Plus, fair value at year-end of outstanding and unvested equity awards granted in the year			4,263,773
Plus, change in fair value (whether positive or negative) from prior year-end to vesting date for awards granted in prior years that vested during the year			121,675
Plus, change in fair value (whether positive or negative) from prior year-end to current year-end for awards granted in prior years that were unvested at end of year(a)			(4,453,568)
Less, prior year-end fair value of awards forfeited in year			—
Compensation Actually Paid to PEO			1,905,370

(a)This decrease in fair value primarily relates to a reduction in the probability of achieving a maximum payout with regard to the Share Price PSUs at December 31, 2023 as compared to December 31, 2022. The fair value of those awards was derived at both dates using a Monte Carlo simulation, which reflected a modeled probability of achieving the performance goals and included assumptions related to expected price volatility and the risk free interest rate.

Non-PEO NEO Average Total Compensation Amount

$ 2,435,185

$ 2,678,633

$ 4,949,709

$ 4,339,194

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,749,754

5,707,378

3,779,743

3,744,156

Adjustment to Non-PEO NEO Compensation Footnote

In accordance with SEC rules, the following adjustments were made to total compensation to determine the 2023 compensation actually paid:


			Average Non-PEO NEOs
			2023
Average "Total" as reported in the (SCT)			2,435,185
Less, average change in actuarial present value of accumulated benefits under defined benefit plans			(11,745)
Less, average fair value of equity awards granted during the year as reported in the "Share Awards" column in the SCT			(1,283,755)
Plus, average fair value at year-end of equity awards granted in the year			1,273,739
Plus, average change in fair value (whether positive or negative) from prior year-end to vesting date for awards granted in prior years that vested during the year			40,803
Plus, average fair value (whether positive or negative) of equity awards granted and vested in the year			—
Plus average change in fair value (whether positive or negative) from prior year-end to current year-end for awards granted in prior years that were unvested at end of current year(a)			(704,473)
Less, average prior year-end fair value of awards forfeited in year			—
Average Compensation Actually Paid to Non-PEO NEOs			1,749,754

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative Company TSR and Peer Group TSR

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income (Loss)

03_427273-1_graph_Compensation_Net income (loss).jpg

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Company Selected Measure (Stock Price)

Total Shareholder Return Amount

$ 289.30

285.30

151.90

Peer Group Total Shareholder Return Amount

168.40

160.70

96.50

Net Income (Loss)

$ 866,800,000

$ 181,800,000

$ (4,487,400,000)

(4,857,600,000)

Company Selected Measure Amount | $ / shares

68.57

67.62

36.00

Additional 402(v) Disclosure

The dollar amounts reported represent the amount of net income (loss) reflected in the Company’s audited financial statements included in our annual report on Form 10-K filed with the SEC for each applicable year. The net loss reported for 2021 is comprised of a loss of $23.6 million for the eight months ended December 31, 2021 successor period and a loss

of $4,463.8 million for the four months ended April 30, 2021 predecessor period. In our 2023 proxy statement, we inadvertently disclosed net income (loss) attributable to Valaris in lieu of net income (loss) in this column. We have adjusted the net income values shown above to reflect our net income (loss) for such years.

Measure:: 1

Pay vs Performance Disclosure

Name

Stock Price

Measure:: 2

Pay vs Performance Disclosure

Name

Adjusted EBITDA•Operating Free Cash Flow

Measure:: 3

Pay vs Performance Disclosure

Name

Relative ROCE