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Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Operating Segments

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

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2023				2022				2023				2022
Revenue:
Wellbore Technologies		$	804			$	666			$	1,549			$	1,274
Completion & Production Solutions			753				639				1,471				1,169
Rig Technologies			606				462				1,156				903
Eliminations			(70	)			(40	)			(121	)			(71	)
Total revenue		$	2,093			$	1,727			$	4,055			$	3,275
Operating profit (loss):
Wellbore Technologies		$	128			$	81			$	224			$	120
Completion & Production Solutions			53				20				97				(2	)
Rig Technologies			64				31				117				42
Eliminations and corporate costs			(64	)			(64	)			(131	)			(113	)
Total operating profit (loss)		$	181			$	68			$	307			$	47

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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