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Revenue (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |
North America |  | $ | 215 |  |  | $ | 209 |  |  | $ | 69 |  |  | $ | — |  |  | $ | 493 |  |  | $ | 183 |  |  | $ | 181 |  |  | $ | 53 |  |  | $ | — |  |  | $ | 417 |
International |  |  | 233 |  |  |  | 278 |  |  |  | 413 |  |  |  | — |  |  |  | 924 |  |  |  | 246 |  |  |  | 419 |  |  |  | 414 |  |  |  | — |  |  |  | 1,079 |
Eliminations |  |  | 15 |  |  |  | 10 |  |  |  | 5 |  |  |  | (30 | ) |  |  | — |  |  |  | 13 |  |  |  | 11 |  |  |  | 9 |  |  |  | (33 | ) |  |  | — |
|  | $ | 463 |  |  | $ | 497 |  |  | $ | 487 |  |  | $ | (30 | ) |  | $ | 1,417 |  |  | $ | 442 |  |  | $ | 611 |  |  | $ | 476 |  |  | $ | (33 | ) |  | $ | 1,496 |
Land |  | $ | 330 |  |  | $ | 329 |  |  | $ | 113 |  |  | $ | — |  |  | $ | 772 |  |  | $ | 296 |  |  | $ | 345 |  |  | $ | 113 |  |  | $ | — |  |  | $ | 754 |
Offshore |  |  | 118 |  |  |  | 158 |  |  |  | 369 |  |  |  | — |  |  |  | 645 |  |  |  | 133 |  |  |  | 255 |  |  |  | 354 |  |  |  | — |  |  |  | 742 |
Eliminations |  |  | 15 |  |  |  | 10 |  |  |  | 5 |  |  |  | (30 | ) |  |  | — |  |  |  | 13 |  |  |  | 11 |  |  |  | 9 |  |  |  | (33 | ) |  |  | — |
|  | $ | 463 |  |  | $ | 497 |  |  | $ | 487 |  |  | $ | (30 | ) |  | $ | 1,417 |  |  | $ | 442 |  |  | $ | 611 |  |  | $ | 476 |  |  | $ | (33 | ) |  | $ | 1,496 |
|  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |
North America |  | $ | 403 |  |  | $ | 371 |  |  | $ | 124 |  |  | $ | — |  |  | $ | 898 |  |  | $ | 544 |  |  | $ | 406 |  |  | $ | 130 |  |  | $ | — |  |  | $ | 1,080 |
International |  |  | 444 |  |  |  | 542 |  |  |  | 782 |  |  |  | — |  |  |  | 1,768 |  |  |  | 559 |  |  |  | 856 |  |  |  | 884 |  |  |  | — |  |  |  | 2,299 |
Eliminations |  |  | 29 |  |  |  | 23 |  |  |  | 12 |  |  |  | (64 | ) |  |  | — |  |  |  | 30 |  |  |  | 24 |  |  |  | 19 |  |  |  | (73 | ) |  |  | — |
|  | $ | 876 |  |  | $ | 936 |  |  | $ | 918 |  |  | $ | (64 | ) |  | $ | 2,666 |  |  | $ | 1,133 |  |  | $ | 1,286 |  |  | $ | 1,033 |  |  | $ | (73 | ) |  | $ | 3,379 |
Land |  | $ | 624 |  |  | $ | 594 |  |  | $ | 204 |  |  | $ | — |  |  | $ | 1,422 |  |  | $ | 825 |  |  | $ | 761 |  |  | $ | 264 |  |  | $ | — |  |  | $ | 1,850 |
Offshore |  |  | 223 |  |  |  | 319 |  |  |  | 702 |  |  |  | — |  |  |  | 1,244 |  |  |  | 278 |  |  |  | 501 |  |  |  | 750 |  |  |  | — |  |  |  | 1,529 |
Eliminations |  |  | 29 |  |  |  | 23 |  |  |  | 12 |  |  |  | (64 | ) |  |  | — |  |  |  | 30 |  |  |  | 24 |  |  |  | 19 |  |  |  | (73 | ) |  |  | — |
|  | $ | 876 |  |  | $ | 936 |  |  | $ | 918 |  |  | $ | (64 | ) |  | $ | 2,666 |  |  | $ | 1,133 |  |  | $ | 1,286 |  |  | $ | 1,033 |  |  | $ | (73 | ) |  | $ | 3,379 |
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, 2020 |  | $ | 611 |  |  | $ | 354 |
Provision |  |  | (1 | ) |  |  | — |
Billings |  |  | (414 | ) |  |  | 492 |
Revenue recognized |  |  | 427 |  |  |  | (374 | )
Currency translation adjustments and other |  |  | (89 | ) |  |  | (80 | )
Balance at June 30, 2021 |  | $ | 534 |  |  | $ | 392 |

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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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