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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2021
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, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Eliminations |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Eliminations |  |  | Total |
North America |  | $ | 188 |  |  | $ | 162 |  |  | $ | 55 |  |  | $ | — |  |  | $ | 405 |  |  | $ | 361 |  |  | $ | 225 |  |  | $ | 77 |  |  | $ | — |  |  | $ | 663 |
International |  |  | 211 |  |  |  | 264 |  |  |  | 369 |  |  |  | — |  |  |  | 844 |  |  |  | 313 |  |  |  | 437 |  |  |  | 470 |  |  |  | — |  |  |  | 1,220 |
Eliminations |  |  | 14 |  |  |  | 13 |  |  |  | 7 |  |  |  | (34 | ) |  |  | — |  |  |  | 17 |  |  |  | 13 |  |  |  | 10 |  |  |  | (40 | ) |  |  | — |
|  | $ | 413 |  |  | $ | 439 |  |  | $ | 431 |  |  | $ | (34 | ) |  | $ | 1,249 |  |  | $ | 691 |  |  | $ | 675 |  |  | $ | 557 |  |  | $ | (40 | ) |  | $ | 1,883 |
Land |  | $ | 294 |  |  | $ | 265 |  |  | $ | 91 |  |  | $ | — |  |  | $ | 650 |  |  | $ | 529 |  |  | $ | 416 |  |  | $ | 151 |  |  | $ | — |  |  | $ | 1,096 |
Offshore |  |  | 105 |  |  |  | 161 |  |  |  | 333 |  |  |  | — |  |  |  | 599 |  |  |  | 145 |  |  |  | 246 |  |  |  | 396 |  |  |  | — |  |  |  | 787 |
Eliminations |  |  | 14 |  |  |  | 13 |  |  |  | 7 |  |  |  | (34 | ) |  |  | — |  |  |  | 17 |  |  |  | 13 |  |  |  | 10 |  |  |  | (40 | ) |  |  | — |
|  | $ | 413 |  |  | $ | 439 |  |  | $ | 431 |  |  | $ | (34 | ) |  | $ | 1,249 |  |  | $ | 691 |  |  | $ | 675 |  |  | $ | 557 |  |  | $ | (40 | ) |  | $ | 1,883 |
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, 2020 |  | $ | 611 |  |  | $ | 354 |
Provision |  |  | (1 | ) |  |  | - |
Billings |  |  | (226 | ) |  |  | 204 |
Revenue recognized |  |  | 214 |  |  |  | (205 | )
Currency translation adjustments and other |  |  | (21 | ) |  |  | (4 | )
Balance at March 31, 2021 |  | $ | 577 |  |  | $ | 349 |

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- 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 + Details
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- 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 + Details
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