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Revenue (Tables)

9 Months Ended

Sep. 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 September 30,
		2020																				2019
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Elims.				Total				Technologies				Solutions				Technologies				Elims.				Total
North America		$	132			$	168			$	54			$	—			$	354			$	422			$	295			$	113			$	—			$	830
International			217				424				389				—				1,030				355				420				521				—				1,296
Eliminations			12				9				6				(27	)			—				16				13				15				(44	)			—
		$	361			$	601			$	449			$	(27	)		$	1,384			$	793			$	728			$	649			$	(44	)		$	2,126
Land		$	226			$	346			$	103			$	—			$	675			$	616			$	479			$	151			$	—			$	1,246
Offshore			123				246				340				—				709				161				236				483				—				880
Eliminations			12				9				6				(27	)			—				16				13				15				(44	)			—
		$	361			$	601			$	449			$	(27	)		$	1,384			$	793			$	728			$	649			$	(44	)		$	2,126

		Nine Months Ended September 30,
		2020																				2019
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Elims.				Total				Technologies				Solutions				Technologies				Elims.				Total
North America		$	676			$	574			$	184			$	—			$	1,434			$	1,343			$	846			$	381			$	—			$	2,570
International			776				1,280				1,273				—				3,329				1,061				1,080				1,487				—				3,628
Eliminations			42				33				25				(100	)			—				46				46				55				(147	)			—
		$	1,494			$	1,887			$	1,482			$	(100	)		$	4,763			$	2,450			$	1,972			$	1,923			$	(147	)		$	6,198
Land		$	1,051			$	1,107			$	367			$	—			$	2,525			$	1,960			$	1,340			$	537			$	—			$	3,837
Offshore			401				747				1,090				—				2,238				444				586				1,331				—				2,361
Eliminations			42				33				25				(100	)			—				46				46				55				(147	)			—
		$	1,494			$	1,887			$	1,482			$	(100	)		$	4,763			$	2,450			$	1,972			$	1,923			$	(147	)		$	6,198

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			(2	)			—
Billings			(692	)			924
Revenue recognized			655				(946	)
Currency translation adjustments and other			(49	)			(34	)
Balance at September 30, 2020		$	555			$	371

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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