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Revenue (Tables)

3 Months Ended

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

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

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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

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- References

No definition available.

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