XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill Identified, by Segment | Goodwill is identified by segment as follows (in millions):
|  | Wellbore Technologies |  |  | Completion & Production Solutions |  |  | Rig Technologies |  |  | Total |
Balance at December 31, 2021 |  |  | 342 |  |  |  | 473 |  |  |  | 712 |  |  |  | 1,527 |
Goodwill acquired during period |  |  | 3 |  |  |  | 7 |  |  |  | — |  |  |  | 10 |
Adjustment during the measurement period of assets acquired |  |  | (32 | ) |  |  | — |  |  |  | — |  |  |  | (32 | )
Balance at December 31, 2022 |  | $ | 313 |  |  | $ | 480 |  |  | $ | 712 |  |  | $ | 1,505 |
Goodwill acquired during period |  |  | — |  |  |  | — |  |  |  | 40 |  |  |  | 40 |
Adjustment during the measurement period of assets acquired |  |  | 14 |  |  |  | 3 |  |  |  | — |  |  |  | 17 |
Balance at December 31, 2023 (1) |  | $ | 327 |  |  | $ | 483 |  |  | $ | 752 |  |  | $ | 1,562 |
(1) Accumulated goodwill impairment was $7,261 million as of December 31, 2023.
Identified Intangible Assets, by Segment | The net book values of identified intangible assets are identified by segment as follows (in millions):
|  | Wellbore Technologies |  |  | Completion & Production Solutions |  |  | Rig Technologies |  |  | Total |
Balance at December 31, 2021 |  | $ | 264 |  |  | $ | 42 |  |  | $ | 197 |  |  | $ | 503 |
Additions to intangible assets |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Adjustment during the measurement period of assets acquired |  |  | 32 |  |  |  | — |  |  |  | — |  |  |  | 32 |
Amortization |  |  | (17 | ) |  |  | (5 | ) |  |  | (29 | ) |  |  | (51 | )
Currency translation adjustments |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 3 |
Balance at December 31, 2022 |  | $ | 282 |  |  | $ | 37 |  |  | $ | 171 |  |  | $ | 490 |
Additions to intangible assets |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 2 |
Amortization |  |  | (17 | ) |  |  | (5 | ) |  |  | (21 | ) |  |  | (43 | )
Currency translation adjustments |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Balance at December 31, 2023 |  | $ | 267 |  |  | $ | 32 |  |  | $ | 151 |  |  | $ | 450 |
Identified Intangible Assets, by Major Classification | Identified intangible assets by major classification consist of the following (in millions):
|  | Gross |  |  | Accumulated Amortization |  |  | Net Book Value |
December 31, 2022: |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 499 |  |  | $ | (351 | ) |  | $ | 148 |
Trademarks |  |  | 173 |  |  |  | (127 | ) |  |  | 46 |
Patents |  |  | 128 |  |  |  | (66 | ) |  |  | 62 |
Indefinite-lived trade names |  |  | 196 |  |  |  | — |  |  |  | 196 |
Other |  |  | 104 |  |  |  | (66 | ) |  |  | 38 |
Total identified intangibles |  | $ | 1,100 |  |  | $ | (610 | ) |  | $ | 490 |
December 31, 2023: |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 494 |  |  | $ | (369 | ) |  | $ | 125 |
Trademarks |  |  | 174 |  |  |  | (133 | ) |  |  | 41 |
Patents |  |  | 129 |  |  |  | (75 | ) |  |  | 54 |
Indefinite-lived trade names |  |  | 196 |  |  |  | — |  |  |  | 196 |
Other |  |  | 105 |  |  |  | (71 | ) |  |  | 34 |
Total identified intangibles |  | $ | 1,098 |  |  | $ | (648 | ) |  | $ | 450 |

X
- Definition Intangible Asset Excluding Goodwill. + References No definition available. + Details
Name: | nov_IntangibleAssetExcludingGoodwillTableTextBlock
Namespace Prefix: | nov_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Intangible Assets Net Excluding Goodwill. + References No definition available. + Details
Name: | nov_IntangibleAssetsNetExcludingGoodwillTableTextBlock
Namespace Prefix: | nov_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration