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Revenue (Tables)
 12 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregate Revenue by Destinations

The following tables disaggregate our revenue by destinations, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. In the tables below, North America includes only the U.S. and Canada (in millions):

 

 

 

Year Ended December 31, 2021

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore

 

 

& Production

 

 

Rig

 

 

 

 

 

 

 

 

 

 

 

Technologies

 

 

Solutions

 

 

Technologies

 

 

Eliminations

 

 

Total

 

North America

 

$

904

 

 

$

789

 

 

$

275

 

 

$

—

 

 

$

1,968

 

International

 

 

991

 

 

 

1,131

 

 

 

1,434

 

 

 

—

 

 

 

3,556

 

Eliminations

 

 

64

 

 

 

43

 

 

 

30

 

 

 

(137

)

 

 

—

 

 

 

$

1,959

 

 

$

1,963

 

 

$

1,739

 

 

$

(137

)

 

$

5,524

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

1,423

 

 

$

1,250

 

 

$

390

 

 

$

—

 

 

$

3,063

 

Offshore

 

 

472

 

 

 

670

 

 

 

1,319

 

 

 

—

 

 

 

2,461

 

Eliminations

 

 

64

 

 

 

43

 

 

 

30

 

 

 

(137

)

 

 

—

 

 

 

$

1,959

 

 

$

1,963

 

 

$

1,739

 

 

$

(137

)

 

$

5,524

 

 

 

 

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore

 

 

& Production

 

 

Rig

 

 

 

 

 

 

 

 

 

 

 

Technologies

 

 

Solutions

 

 

Technologies

 

 

Eliminations

 

 

Total

 

North America

 

$

824

 

 

$

751

 

 

$

227

 

 

$

—

 

 

$

1,802

 

International

 

 

988

 

 

 

1,639

 

 

 

1,661

 

 

 

—

 

 

 

4,288

 

Eliminations

 

 

55

 

 

 

43

 

 

 

31

 

 

 

(129

)

 

 

—

 

 

 

$

1,867

 

 

$

2,433

 

 

$

1,919

 

 

$

(129

)

 

$

6,090

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

1,308

 

 

$

1,426

 

 

$

473

 

 

$

—

 

 

$

3,207

 

Offshore

 

 

504

 

 

 

964

 

 

 

1,415

 

 

 

—

 

 

 

2,883

 

Eliminations

 

 

55

 

 

 

43

 

 

 

31

 

 

 

(129

)

 

 

—

 

 

 

$

1,867

 

 

$

2,433

 

 

$

1,919

 

 

$

(129

)

 

$

6,090

 

 

 

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore

 

 

& Production

 

 

Rig

 

 

 

 

 

 

 

 

 

 

 

Technologies

 

 

Solutions

 

 

Technologies

 

 

Eliminations

 

 

Total

 

North America

 

$

1,710

 

 

$

1,122

 

 

$

529

 

 

$

—

 

 

$

3,361

 

International

 

 

1,441

 

 

 

1,590

 

 

 

2,087

 

 

 

—

 

 

 

5,118

 

Eliminations

 

 

63

 

 

 

59

 

 

 

66

 

 

 

(188

)

 

 

—

 

 

 

$

3,214

 

 

$

2,771

 

 

$

2,682

 

 

$

(188

)

 

$

8,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

2,531

 

 

$

1,808

 

 

$

758

 

 

$

—

 

 

$

5,097

 

Offshore

 

 

620

 

 

 

904

 

 

 

1,858

 

 

 

—

 

 

 

3,382

 

Eliminations

 

 

63

 

 

 

59

 

 

 

66

 

 

 

(188

)

 

 

—

 

 

 

$

3,214

 

 

$

2,771

 

 

$

2,682

 

 

$

(188

)

 

$

8,479

 
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, net

 

 

1

 

 

 

—

 

Billings

 

 

(866

)

 

 

933

 

Revenue recognized

 

 

806

 

 

 

(818

)

Currency translation adjustments and other

 

 

(91

)

 

 

(77

)

Balance at December 31, 2021

 

$

461

 

 

$

392