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Segments (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Operating Segments

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Revenue:

 

 

 

 

 

 

Wellbore Technologies

 

$

608

 

 

$

413

 

Completion & Production Solutions

 

 

530

 

 

 

439

 

Rig Technologies

 

 

441

 

 

 

431

 

Eliminations

 

 

(31

)

 

 

(34

)

Total revenue

 

$

1,548

 

 

$

1,249

 

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

Wellbore Technologies

 

$

39

 

 

 

(14

)

Completion & Production Solutions

 

 

(22

)

 

 

(17

)

Rig Technologies

 

 

11

 

 

 

(8

)

Eliminations and corporate costs

 

 

(49

)

 

 

(49

)

Total operating profit (loss)

 

$

(21

)

 

$

(88

)