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Revenue (Tables)

6 Months Ended

Jun. 30, 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 June 30,
		2020																				2019
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Elims.				Total				Technologies				Solutions				Technologies				Elims.				Total
North America		$	183			$	181			$	53			$	—			$	417			$	461			$	282			$	127			$	—			$	870
International			246				419				414				—				1,079				375				364				523				—				1,262
Eliminations			13				11				9				(33	)			—				14				17				21				(52	)			—
		$	442			$	611			$	476			$	(33	)		$	1,496			$	850			$	663			$	671			$	(52	)		$	2,132
Land		$	296			$	345			$	113			$	—			$	754			$	679			$	456			$	171			$	—			$	1,306
Offshore			133				255				354				—				742				157				190				479				—				826
Eliminations			13				11				9				(33	)			—				14				17				21				(52	)			—
		$	442			$	611			$	476			$	(33	)		$	1,496			$	850			$	663			$	671			$	(52	)		$	2,132

		Six Months Ended June 30,
		2020																				2019
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Elims.				Total				Technologies				Solutions				Technologies				Elims.				Total
North America		$	544			$	406			$	130			$	—			$	1,080			$	921			$	551			$	268			$	—			$	1,740
International			559				856				884				—				2,299				706				660				966				—				2,332
Eliminations			30				24				19				(73	)			—				30				33				40				(103	)			—
		$	1,133			$	1,286			$	1,033			$	(73	)		$	3,379			$	1,657			$	1,244			$	1,274			$	(103	)		$	4,072
Land		$	825			$	761			$	264			$	—			$	1,850			$	1,344			$	861			$	386			$	—			$	2,591
Offshore			278				501				750				—				1,529				283				350				848				—				1,481
Eliminations			30				24				19				(73	)			—				30				33				40				(103	)			—
		$	1,133			$	1,286			$	1,033			$	(73	)		$	3,379			$	1,657			$	1,244			$	1,274			$	(103	)		$	4,072

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, 2019		$	643			$	427
Provision			(4	)			—
Billings			(373	)			598
Revenue recognized			253				(609	)
Currency translation adjustments and other			(11	)			(8	)
Balance at June 30, 2020		$	508			$	408

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ 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=121604090&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=121604090&loc=SL49130545-203045

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- References

No definition available.

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