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Segments (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Operating Segments

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

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
Revenue:
Wellbore Technologies		$	799			$	741			$	2,348			$	2,015
Completion & Production Solutions			760				681				2,231				1,850
Rig Technologies			686				511				1,842				1,414
Eliminations			(60	)			(44	)			(181	)			(115	)
Total revenue		$	2,185			$	1,889			$	6,240			$	5,164
Operating profit:
Wellbore Technologies		$	123			$	74			$	347			$	194
Completion & Production Solutions			47				21				144				19
Rig Technologies			86				22				203				64
Eliminations and corporate costs			(73	)			(62	)			(204	)			(175	)
Total operating profit		$	183			$	55			$	490			$	102

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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