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Segments (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Operating Segments

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

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2021				2020				2021				2020
Revenue:
Wellbore Technologies		$	463			$	442			$	876			$	1,133
Completion & Production Solutions			497				611				936				1,286
Rig Technologies			487				476				918				1,033
Eliminations			(30	)			(33	)			(64	)			(73	)
Total revenue		$	1,417			$	1,496			$	2,666			$	3,379
Operating profit (loss):
Wellbore Technologies		$	6				(67	)		$	(8	)		$	(730	)
Completion & Production Solutions			(6	)			42				(23	)			(971	)
Rig Technologies			49				(25	)			41				(227	)
Eliminations and corporate costs			(37	)			(50	)			(86	)			(122	)
Total operating profit (loss)		$	12			$	(100	)		$	(76	)		$	(2,050	)

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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
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-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
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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