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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Summary of Disaggregate Revenue by Destinations

The following tables disaggregate our revenue by destinations, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. In the tables below, North America includes only the U.S. and Canada. (in millions):

		Three Months Ended June 30,
		2018																				2017
		Wellbore Technologies				Completion & Production Solutions				Rig Technologies				Eliminations				Total				Wellbore Technologies				Completion & Production Solutions				Rig Technologies				Eliminations				Total
North America		$	449			$	342			$	143			$	—			$	934			$	352			$	265			$	140			$	—			$	757
International			326				374				472				—				1,172				249				376				377				—				1,002
Eliminations			18				22				36				(76	)			—				13				11				29				(53	)			—
		$	793			$	738			$	651			$	(76	)		$	2,106			$	614			$	652			$	546			$	(53	)		$	1,759
Land		$	660			$	509			$	208			$	—			$	1,377			$	490			$	410			$	173			$	—			$	1,073
Offshore			115				207				407				—				729				111				231				344				—				686
Eliminations			18				22				36				(76	)			—				13				11				29				(53	)			—
		$	793			$	738			$	651			$	(76	)		$	2,106			$	614			$	652			$	546			$	(53	)		$	1,759
		Six Months Ended June 30,
		2018																				2017
		Wellbore Technologies				Completion & Production Solutions				Rig Technologies				Eliminations				Total				Wellbore Technologies				Completion & Production Solutions				Rig Technologies				Eliminations				Total
North America		$	864			$	634			$	278			$	—			$	1,776			$	647			$	498			$	260			$	—			$	1,405
International			608				732				785				—				2,125				497				778				820				—				2,095
Eliminations			32				42				71				(145	)			—				25				24				48				(97	)			—
		$	1,504			$	1,408			$	1,134			$	(145	)		$	3,901			$	1,169			$	1,300			$	1,128			$	(97	)		$	3,500
Land		$	1,243			$	955			$	380			$	—			$	2,578			$	926			$	813			$	334			$	—			$	2,073
Offshore			229				411				683				—				1,323				218				463				746				—				1,427
Eliminations			32				42				71				(145	)			—				25				24				48				(97	)			—
		$	1,504			$	1,408			$	1,134			$	(145	)		$	3,901			$	1,169			$	1,300			$	1,128			$	(97	)		$	3,500

Summary of Changes in Carrying Amount of Contract Assets and Contract Liabilities

The changes in the carrying amount of contract assets and contract liabilities are as follows (in millions):

Contract Assets
Balance at December 31, 2017		$	495
Additions and Milestone Billings			(456	)
Revenue Recognized			500
Currency translation adjustments and other			(94	)
Balance at June 30, 2018		$	445
Contract Liabilities
Balance at December 31, 2017		$	519
Additions			542
Revenue Recognized			(439	)
Currency translation adjustments and other			(13	)
Balance at June 30, 2018		$	609

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- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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