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Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2019
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):

 

 

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore

 

 

& Production

 

 

Rig

 

 

 

 

 

 

 

 

 

 

 

Technologies

 

 

Solutions

 

 

Technologies

 

 

Eliminations

 

 

Total

 

North America

 

$

1,710

 

 

$

1,122

 

 

$

529

 

 

$

—

 

 

$

3,361

 

International

 

 

1,441

 

 

 

1,590

 

 

 

2,087

 

 

 

—

 

 

 

5,118

 

Eliminations

 

 

63

 

 

 

59

 

 

 

66

 

 

 

(188

)

 

 

—

 

 

 

$

3,214

 

 

$

2,771

 

 

$

2,682

 

 

$

(188

)

 

$

8,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

2,531

 

 

$

1,808

 

 

$

758

 

 

$

—

 

 

$

5,097

 

Offshore

 

 

620

 

 

 

904

 

 

 

1,858

 

 

 

—

 

 

 

3,382

 

Eliminations

 

 

63

 

 

 

59

 

 

 

66

 

 

 

(188

)

 

 

—

 

 

 

$

3,214

 

 

$

2,771

 

 

$

2,682

 

 

$

(188

)

 

$

8,479

 

 

 

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore

 

 

& Production

 

 

Rig

 

 

 

 

 

 

 

 

 

 

 

Technologies

 

 

Solutions

 

 

Technologies

 

 

Eliminations

 

 

Total

 

North America

 

$

1,817

 

 

$

1,302

 

 

$

663

 

 

$

—

 

 

$

3,782

 

International

 

 

1,345

 

 

 

1,543

 

 

 

1,783

 

 

 

—

 

 

 

4,671

 

Eliminations

 

 

73

 

 

 

86

 

 

 

129

 

 

 

(288

)

 

 

—

 

 

 

$

3,235

 

 

$

2,931

 

 

$

2,575

 

 

$

(288

)

 

$

8,453

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

2,683

 

 

$

1,985

 

 

$

854

 

 

$

—

 

 

$

5,522

 

Offshore

 

 

479

 

 

 

860

 

 

 

1,592

 

 

 

—

 

 

 

2,931

 

Eliminations

 

 

73

 

 

 

86

 

 

 

129

 

 

 

(288

)

 

 

—

 

 

 

$

3,235

 

 

$

2,931

 

 

$

2,575

 

 

$

(288

)

 

$

8,453

 

 

 

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore

 

 

& Production

 

 

Rig

 

 

 

 

 

 

 

 

 

 

 

Technologies

 

 

Solutions

 

 

Technologies

 

 

Eliminations

 

 

Total

 

North America

 

$

1,408

 

 

$

1,093

 

 

$

545

 

 

$

—

 

 

$

3,046

 

International

 

 

1,116

 

 

 

1,528

 

 

 

1,614

 

 

 

—

 

 

 

4,258

 

Eliminations

 

 

53

 

 

 

51

 

 

 

93

 

 

 

(197

)

 

 

—

 

 

 

$

2,577

 

 

$

2,672

 

 

$

2,252

 

 

$

(197

)

 

$

7,304

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

2,047

 

 

$

1,752

 

 

$

740

 

 

$

—

 

 

$

4,539

 

Offshore

 

 

477

 

 

 

869

 

 

 

1,419

 

 

 

—

 

 

 

2,765

 

Eliminations

 

 

53

 

 

 

51

 

 

 

93

 

 

 

(197

)

 

 

—

 

 

 

$

2,577

 

 

$

2,672

 

 

$

2,252

 

 

$

(197

)

 

$

7,304

 
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, 2018

 

$

565

 

Additions and Milestone Billings

 

 

(1,018

)

Revenue Recognized

 

 

1,131

 

Currency translation adjustments and other

 

 

(35

)

Balance at December 31, 2019

 

$

643

 

 

Contract Liabilities

 

 

 

 

Balance at December 31, 2018

 

$

458

 

Additions and Milestone Billings

 

 

809

 

Revenue Recognized

 

 

(782

)

Currency translation adjustments and other

 

 

(58

)

Balance at December 31, 2019

 

$

427