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Revenue (Tables)

6 Months Ended

Jun. 30, 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 June 30,
		2019																				2018
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Eliminations				Total				Technologies				Solutions				Technologies				Eliminations				Total
North America		$	461			$	282			$	127			$	—			$	870			$	449			$	342			$	143			$	—			$	934
International			375				364				523				—				1,262				326				374				472				—				1,172
Eliminations			14				17				21				(52	)			—				18				22				36				(76	)			—
		$	850			$	663			$	671			$	(52	)		$	2,132			$	793			$	738			$	651			$	(76	)		$	2,106
Land		$	679			$	456			$	171			$	—			$	1,306			$	660			$	509			$	208			$	—			$	1,377
Offshore			157				190				479				—				826				115				207				407				—				729
Eliminations			14				17				21				(52	)			—				18				22				36				(76	)			—
		$	850			$	663			$	671			$	(52	)		$	2,132			$	793			$	738			$	651			$	(76	)		$	2,106

		Six Months Ended June 30,
		2019																				2018
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Eliminations				Total				Technologies				Solutions				Technologies				Eliminations				Total
North America		$	921			$	551			$	268			$	—			$	1,740			$	864			$	634			$	278							$	1,776
International			706				660				966				—				2,332				608				732				785								2,125
Eliminations			30				33				40				(103	)			—				32				42				71				(145	)			—
		$	1,657			$	1,244			$	1,274			$	(103	)		$	4,072			$	1,504			$	1,408			$	1,134			$	(145	)		$	3,901
Land		$	1,344			$	861			$	386			$	—			$	2,591			$	1,243			$	955			$	380							$	2,578
Offshore			283				350				848				—				1,481				229				411				683								1,323
Eliminations			30				33				40				(103	)			—				32				42				71				(145	)			—
		$	1,657			$	1,244			$	1,274			$	(103	)		$	4,072			$	1,504			$	1,408			$	1,134			$	(145	)		$	3,901

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			(478	)			278
Revenue recognized			557				(279	)
Currency translation adjustments and other			(59	)			(2	)
Balance at June 30, 2019		$	585			$	455

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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X

- 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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