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Revenue (Tables)

3 Months Ended

Mar. 31, 2019

Revenue From Contract With Customer [Abstract]

Summary of Disaggregate Revenue by Destinations

The following table disaggregates the Company’s revenue by major geographic and market segment destination. In the table, North America includes the U.S. and Canada (in millions):

		Three Months Ended March 31,
		2019																				2018
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Eliminations				Total				Technologies				Solutions				Technologies				Eliminations				Total
North America		$	460			$	269			$	141			$	—			$	870			$	415			$	292			$	135			$	—			$	842
International			331				296				443				—				1,070				282				358				313				—				953
Eliminations			16				16				19				(51	)			—				14				20				35				(69	)			—
		$	807			$	581			$	603			$	(51	)		$	1,940			$	711			$	670			$	483			$	(69	)		$	1,795
Land		$	665			$	405			$	215			$	—			$	1,285			$	583			$	446			$	172			$	—			$	1,201
Offshore			126				160				369				—				655				114				204				276				—				594
Eliminations			16				16				19				(51	)			—				14				20				35				(69	)			—
		$	807			$	581			$	603			$	(51	)		$	1,940			$	711			$	670			$	483			$	(69	)		$	1,795

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				Contract Liabilities
Balance at December 31, 2018		$	565			$	458
Billings			(215	)			93
Revenue recognized			223				(118	)
Currency translation adjustments and other			(34	)			(21	)
Balance at March 31, 2019		$	539			$	412

X

- 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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No definition available.

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