XML 55 R39.htm IDEA: XBRL DOCUMENT v3.22.4
Revenue (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022

 

 

 

 

 

 

Completion

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore

 

 

& Production

 

 

Rig

 

 

 

 

 

 

 

 

 

Technologies

 

 

Solutions

 

 

Technologies

 

 

Eliminations

 

 

Total

 

North America

 

$

1,407

 

 

$

1,024

 

 

$

448

 

 

$

—

 

 

$

2,879

 

International

 

 

1,306

 

 

 

1,511

 

 

 

1,541

 

 

 

—

 

 

 

4,358

 

Eliminations

 

 

64

 

 

 

53

 

 

 

45

 

 

 

(162

)

 

 

—

 

 

 

$

2,777

 

 

$

2,588

 

 

$

2,034

 

 

$

(162

)

 

$

7,237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

2,066

 

 

$

1,538

 

 

$

543

 

 

$

—

 

 

$

4,147

 

Offshore

 

 

647

 

 

 

997

 

 

 

1,446

 

 

 

—

 

 

 

3,090

 

Eliminations

 

 

64

 

 

 

53

 

 

 

45

 

 

 

(162

)

 

 

—

 

 

 

$

2,777

 

 

$

2,588

 

 

$

2,034

 

 

$

(162

)

 

$

7,237

 

 

 

 

 

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

 
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, net

 

 

(1

)

 

 

—

 

Billings

 

 

(1,062

)

 

 

1,123

 

Revenue recognized

 

 

1,265

 

 

 

(1,071

)

Currency translation adjustments and other

 

 

22

 

 

 

—

 

Balance at December 31, 2022

 

$

685

 

 

$

444