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Segments (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Operating Segments

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Revenue:

 

 

 

 

 

 

Wellbore Technologies

 

$

745

 

 

$

608

 

Completion & Production Solutions

 

 

718

 

 

 

530

 

Rig Technologies

 

 

550

 

 

 

441

 

Eliminations

 

 

(51

)

 

 

(31

)

Total revenue

 

$

1,962

 

 

$

1,548

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

Wellbore Technologies

 

$

96

 

 

$

39

 

Completion & Production Solutions

 

 

44

 

 

 

(22

)

Rig Technologies

 

 

53

 

 

 

11

 

Eliminations and corporate costs

 

 

(67

)

 

 

(49

)

Total operating profit (loss)

 

$

126

 

 

$

(21

)