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Revenue (Tables)

9 Months Ended

Sep. 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 September 30,
		2019																				2018
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Elims.				Total				Technologies				Solutions				Technologies				Elims.				Total
North America		$	422			$	295			$	113			$	—			$	830			$	469			$	343			$	189			$	—			$	1,001
International			355				420				521				—				1,296				362				372				419				—				1,153
Eliminations			16				13				15				(44	)			—				16				20				29				(65	)			—
		$	793			$	728			$	649			$	(44	)		$	2,126			$	847			$	735			$	637			$	(65	)		$	2,154
Land		$	616			$	479			$	151			$	—			$	1,246			$	707			$	521			$	206			$	—			$	1,434
Offshore			161				236				483				—				880				124				194				402				—				720
Eliminations			16				13				15				(44	)			—				16				20				29				(65	)			—
		$	793			$	728			$	649			$	(44	)		$	2,126			$	847			$	735			$	637			$	(65	)		$	2,154

		Nine Months Ended September 30,
		2019																				2018
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Elims.				Total				Technologies				Solutions				Technologies				Elims.				Total
North America		$	1,343			$	846			$	381			$	—			$	2,570			$	1,333			$	977			$	467			$	—			$	2,777
International			1,061				1,080				1,487				—				3,628				970				1,104				1,204				—				3,278
Eliminations			46				46				55				(147	)			—				48				62				100				(210	)			—
		$	2,450			$	1,972			$	1,923			$	(147	)		$	6,198			$	2,351			$	2,143			$	1,771			$	(210	)		$	6,055
Land		$	1,960			$	1,340			$	537			$	—			$	3,837			$	1,950			$	1,476			$	586			$	—			$	4,012
Offshore			444				586				1,331				—				2,361				353				605				1,085				—				2,043
Eliminations			46				46				55				(147	)			—				48				62				100				(210	)			—
		$	2,450			$	1,972			$	1,923			$	(147	)		$	6,198			$	2,351			$	2,143			$	1,771			$	(210	)		$	6,055

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			(591	)			548
Revenue recognized			661				(560	)
Currency translation adjustments and other			(20	)			9
Balance at September 30, 2019		$	615			$	455

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- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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