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

Revenue (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |
North America |  | $ | 227 |  |  | $ | 192 |  |  | $ | 70 |  |  | $ | — |  |  | $ | 489 |  |  | $ | 132 |  |  | $ | 168 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 354 |
International |  |  | 264 |  |  |  | 276 |  |  |  | 312 |  |  |  | — |  |  |  | 852 |  |  |  | 217 |  |  |  | 424 |  |  |  | 389 |  |  |  | — |  |  |  | 1,030 |
Intercompany |  |  | 16 |  |  |  | 10 |  |  |  | 8 |  |  |  | (34 | ) |  |  | — |  |  |  | 12 |  |  |  | 9 |  |  |  | 6 |  |  |  | (27 | ) |  |  | — |
|  | $ | 507 |  |  | $ | 478 |  |  | $ | 390 |  |  | $ | (34 | ) |  | $ | 1,341 |  |  | $ | 361 |  |  | $ | 601 |  |  | $ | 449 |  |  | $ | (27 | ) |  | $ | 1,384 |
Land |  | $ | 370 |  |  | $ | 317 |  |  | $ | 85 |  |  | $ | — |  |  | $ | 772 |  |  | $ | 226 |  |  | $ | 346 |  |  | $ | 103 |  |  | $ | — |  |  | $ | 675 |
Offshore |  |  | 121 |  |  |  | 151 |  |  |  | 297 |  |  |  | — |  |  |  | 569 |  |  |  | 123 |  |  |  | 246 |  |  |  | 340 |  |  |  | — |  |  |  | 709 |
Intercompany |  |  | 16 |  |  |  | 10 |  |  |  | 8 |  |  |  | (34 | ) |  |  | — |  |  |  | 12 |  |  |  | 9 |  |  |  | 6 |  |  |  | (27 | ) |  |  | — |
|  | $ | 507 |  |  | $ | 478 |  |  | $ | 390 |  |  | $ | (34 | ) |  | $ | 1,341 |  |  | $ | 361 |  |  | $ | 601 |  |  | $ | 449 |  |  | $ | (27 | ) |  | $ | 1,384 |
|  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |
|  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |
North America |  | $ | 630 |  |  | $ | 563 |  |  | $ | 194 |  |  | $ | — |  |  | $ | 1,387 |  |  | $ | 676 |  |  | $ | 574 |  |  | $ | 184 |  |  | $ | — |  |  | $ | 1,434 |
International |  |  | 708 |  |  |  | 818 |  |  |  | 1,094 |  |  |  | — |  |  |  | 2,620 |  |  |  | 776 |  |  |  | 1,280 |  |  |  | 1,273 |  |  |  | — |  |  |  | 3,329 |
Intercompany |  |  | 45 |  |  |  | 33 |  |  |  | 20 |  |  |  | (98 | ) |  |  | — |  |  |  | 42 |  |  |  | 33 |  |  |  | 25 |  |  |  | (100 | ) |  |  | — |
|  | $ | 1,383 |  |  | $ | 1,414 |  |  | $ | 1,308 |  |  | $ | (98 | ) |  | $ | 4,007 |  |  | $ | 1,494 |  |  | $ | 1,887 |  |  | $ | 1,482 |  |  | $ | (100 | ) |  | $ | 4,763 |
Land |  | $ | 994 |  |  | $ | 911 |  |  | $ | 289 |  |  | $ | — |  |  | $ | 2,194 |  |  | $ | 1,051 |  |  | $ | 1,107 |  |  | $ | 367 |  |  | $ | — |  |  | $ | 2,525 |
Offshore |  |  | 344 |  |  |  | 470 |  |  |  | 999 |  |  |  | — |  |  |  | 1,813 |  |  |  | 401 |  |  |  | 747 |  |  |  | 1,090 |  |  |  | — |  |  |  | 2,238 |
Intercompany |  |  | 45 |  |  |  | 33 |  |  |  | 20 |  |  |  | (98 | ) |  |  | — |  |  |  | 42 |  |  |  | 33 |  |  |  | 25 |  |  |  | (100 | ) |  |  | — |
|  | $ | 1,383 |  |  | $ | 1,414 |  |  | $ | 1,308 |  |  | $ | (98 | ) |  | $ | 4,007 |  |  | $ | 1,494 |  |  | $ | 1,887 |  |  | $ | 1,482 |  |  | $ | (100 | ) |  | $ | 4,763 |
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 |  |  | (627 | ) |  |  | 678 |
Revenue recognized |  |  | 573 |  |  |  | (588 | )
Currency translation adjustments and other |  |  | (92 | ) |  |  | (19 | )
Balance at September 30, 2021 |  | $ | 466 |  |  | $ | 425 |

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=123351226&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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