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Revenue (Tables)

3 Months Ended

Mar. 31, 2020

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,
		2020																				2019
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Eliminations				Total				Technologies				Solutions				Technologies				Eliminations				Total
North America		$	361			$	225			$	77			$	—			$	663			$	460			$	269			$	141			$	—			$	870
International			313				437				470				—				1,220				331				296				443				—				1,070
Eliminations			17				13				10				(40	)			—				16				16				19				(51	)			—
		$	691			$	675			$	557			$	(40	)		$	1,883			$	807			$	581			$	603			$	(51	)		$	1,940
Land		$	529			$	416			$	151			$	—			$	1,096			$	665			$	405			$	215			$	—			$	1,285
Offshore			145				246				396				—				787				126				160				369				—				655
Eliminations			17				13				10				(40	)			—				16				16				19				(51	)			—
		$	691			$	675			$	557			$	(40	)		$	1,883			$	807			$	581			$	603			$	(51	)		$	1,940

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

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

		Contract Assets				Contract Liabilities
Balance at December 31, 2019		$	643			$	427
Provision			(4	)			-
Billings			(84	)			282
Revenue recognized			99				(233	)
Currency translation adjustments and other			(15	)			(6	)
Balance at March 31, 2020		$	639			$	470

X

- 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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- References

No definition available.

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