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Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Operating Segments

Financial results by operating segment are as follows (in millions):

		Three Months Ended
		March 31,
		2021				2020
Revenue:
Wellbore Technologies		$	413			$	691
Completion & Production Solutions			439				675
Rig Technologies			431				557
Eliminations			(34	)			(40	)
Total revenue		$	1,249			$	1,883
Operating profit (loss):
Wellbore Technologies		$	(14	)			(663	)
Completion & Production Solutions			(17	)			(1,013	)
Rig Technologies			(8	)			(202	)
Eliminations and corporate costs			(49	)			(72	)
Total operating profit (loss)		$	(88	)		$	(1,950	)
Operating profit (loss)%:
Wellbore Technologies			(3.4	%)			(95.9	%)
Completion & Production Solutions			(3.9	%)			(150.1	%)
Rig Technologies			(1.9	%)			(36.3	%)
Total operating profit (loss)%			(7.0	%)			(103.6	%)

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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