XML 43 R29.htm IDEA: XBRL DOCUMENT v3.21.2

Revenue (Tables)

6 Months Ended

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

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

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration