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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2022
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 March 31, |
|  | 2022 |  |  | 2021 |
|  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |
North America |  | $ | 306 |  |  | $ | 213 |  |  | $ | 88 |  |  | $ | — |  |  | $ | 607 |  |  | $ | 188 |  |  | $ | 162 |  |  | $ | 55 |  |  | $ | — |  |  | $ | 405 |
International |  |  | 290 |  |  |  | 308 |  |  |  | 343 |  |  |  | — |  |  |  | 941 |  |  |  | 211 |  |  |  | 264 |  |  |  | 369 |  |  |  | — |  |  |  | 844 |
Eliminations |  |  | 12 |  |  |  | 9 |  |  |  | 10 |  |  |  | (31 | ) |  |  | — |  |  |  | 14 |  |  |  | 13 |  |  |  | 7 |  |  |  | (34 | ) |  |  | — |
|  | $ | 608 |  |  | $ | 530 |  |  | $ | 441 |  |  | $ | (31 | ) |  | $ | 1,548 |  |  | $ | 413 |  |  | $ | 439 |  |  | $ | 431 |  |  | $ | (34 | ) |  | $ | 1,249 |
Land |  | $ | 434 |  |  | $ | 322 |  |  | $ | 123 |  |  | $ | — |  |  | $ | 879 |  |  | $ | 294 |  |  | $ | 265 |  |  | $ | 91 |  |  | $ | — |  |  | $ | 650 |
Offshore |  |  | 162 |  |  |  | 199 |  |  |  | 308 |  |  |  | — |  |  |  | 669 |  |  |  | 105 |  |  |  | 161 |  |  |  | 333 |  |  |  | — |  |  |  | 599 |
Eliminations |  |  | 12 |  |  |  | 9 |  |  |  | 10 |  |  |  | (31 | ) |  |  | — |  |  |  | 14 |  |  |  | 13 |  |  |  | 7 |  |  |  | (34 | ) |  |  | — |
|  | $ | 608 |  |  | $ | 530 |  |  | $ | 441 |  |  | $ | (31 | ) |  | $ | 1,548 |  |  | $ | 413 |  |  | $ | 439 |  |  | $ | 431 |  |  | $ | (34 | ) |  | $ | 1,249 |
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, 2021 |  | $ | 461 |  |  | $ | 392 |
Provision |  |  | (1 | ) |  |  | — |
Billings |  |  | (253 | ) |  |  | 326 |
Revenue recognized |  |  | 252 |  |  |  | (251 | )
Currency translation adjustments and other |  |  | (26 | ) |  |  | (64 | )
Balance at March 31, 2022 |  | $ | 433 |  |  | $ | 403 |

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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=123351226&loc=SL49130551-203045 + Details
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- 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
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