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Revenue (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |
|  | 2022 |  |  | 2021 |
|  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |
North America |  | $ | 346 |  |  | $ | 236 |  |  | $ | 120 |  |  | $ | — |  |  | $ | 702 |  |  | $ | 215 |  |  | $ | 209 |  |  | $ | 69 |  |  | $ | — |  |  | $ | 493 |
International |  |  | 305 |  |  |  | 391 |  |  |  | 329 |  |  |  | — |  |  |  | 1,025 |  |  |  | 233 |  |  |  | 278 |  |  |  | 413 |  |  |  | — |  |  |  | 924 |
Eliminations |  |  | 15 |  |  |  | 12 |  |  |  | 13 |  |  |  | (40 | ) |  |  | — |  |  |  | 15 |  |  |  | 10 |  |  |  | 5 |  |  |  | (30 | ) |  |  | — |
|  | $ | 666 |  |  | $ | 639 |  |  | $ | 462 |  |  | $ | (40 | ) |  | $ | 1,727 |  |  | $ | 463 |  |  | $ | 497 |  |  | $ | 487 |  |  | $ | (30 | ) |  | $ | 1,417 |
Land |  | $ | 518 |  |  | $ | 387 |  |  | $ | 115 |  |  | $ | — |  |  | $ | 1,020 |  |  | $ | 330 |  |  | $ | 329 |  |  | $ | 113 |  |  | $ | — |  |  | $ | 772 |
Offshore |  |  | 133 |  |  |  | 240 |  |  |  | 334 |  |  |  | — |  |  |  | 707 |  |  |  | 118 |  |  |  | 158 |  |  |  | 369 |  |  |  | — |  |  |  | 645 |
Eliminations |  |  | 15 |  |  |  | 12 |  |  |  | 13 |  |  |  | (40 | ) |  |  | — |  |  |  | 15 |  |  |  | 10 |  |  |  | 5 |  |  |  | (30 | ) |  |  | — |
|  | $ | 666 |  |  | $ | 639 |  |  | $ | 462 |  |  | $ | (40 | ) |  | $ | 1,727 |  |  | $ | 463 |  |  | $ | 497 |  |  | $ | 487 |  |  | $ | (30 | ) |  | $ | 1,417 |
|  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |
|  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Completion |  |  |  |  |  |  |  |  |  |
|  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |  |  | Wellbore |  |  | & Production |  |  | Rig |  |  |  |  |  |  |
|  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |  |  | Technologies |  |  | Solutions |  |  | Technologies |  |  | Elims. |  |  | Total |
North America |  | $ | 652 |  |  | $ | 449 |  |  | $ | 208 |  |  | $ | — |  |  | $ | 1,309 |  |  | $ | 403 |  |  | $ | 371 |  |  | $ | 124 |  |  | $ | — |  |  | $ | 898 |
International |  |  | 595 |  |  |  | 699 |  |  |  | 672 |  |  |  | — |  |  |  | 1,966 |  |  |  | 444 |  |  |  | 542 |  |  |  | 782 |  |  |  | — |  |  |  | 1,768 |
Intercompany |  |  | 27 |  |  |  | 21 |  |  |  | 23 |  |  |  | (71 | ) |  |  | — |  |  |  | 29 |  |  |  | 23 |  |  |  | 12 |  |  |  | (64 | ) |  |  | — |
|  | $ | 1,274 |  |  | $ | 1,169 |  |  | $ | 903 |  |  | $ | (71 | ) |  | $ | 3,275 |  |  | $ | 876 |  |  | $ | 936 |  |  | $ | 918 |  |  | $ | (64 | ) |  | $ | 2,666 |
Land |  | $ | 952 |  |  | $ | 709 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 1,899 |  |  | $ | 624 |  |  | $ | 594 |  |  | $ | 204 |  |  | $ | — |  |  | $ | 1,422 |
Offshore |  |  | 295 |  |  |  | 439 |  |  |  | 642 |  |  |  | — |  |  |  | 1,376 |  |  |  | 223 |  |  |  | 319 |  |  |  | 702 |  |  |  | — |  |  |  | 1,244 |
Intercompany |  |  | 27 |  |  |  | 21 |  |  |  | 23 |  |  |  | (71 | ) |  |  | — |  |  |  | 29 |  |  |  | 23 |  |  |  | 12 |  |  |  | (64 | ) |  |  | — |
|  | $ | 1,274 |  |  | $ | 1,169 |  |  | $ | 903 |  |  | $ | (71 | ) |  | $ | 3,275 |  |  | $ | 876 |  |  | $ | 936 |  |  | $ | 918 |  |  | $ | (64 | ) |  | $ | 2,666 |
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 |  |  | (512 | ) |  |  | 600 |
Revenue recognized |  |  | 521 |  |  |  | (515 | )
Currency translation adjustments and other |  |  | 7 |  |  |  | (22 | )
Balance at June 30, 2022 |  | $ | 476 |  |  | $ | 455 |

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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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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