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Revenue (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023
						Completion
		Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Eliminations				Total
North America		$	1,530			$	1,238			$	488			$	—			$	3,256
International			1,547				1,704				2,076				—				5,327
Eliminations			95				92				44				(231	)			—
		$	3,172			$	3,034			$	2,608			$	(231	)		$	8,583

Land		$	2,295			$	1,784			$	706			$	—			$	4,785
Offshore			782				1,158				1,858				—				3,798
Eliminations			95				92				44				(231	)			—
		$	3,172			$	3,034			$	2,608			$	(231	)		$	8,583


		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

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, 2022		$	685			$	444
Provision, net			(1	)			—
Billings			(1,396	)			1,386
Revenue recognized			1,403				(1,315	)
Currency translation adjustments and other			48				17
Balance at December 31, 2023		$	739			$	532

Summary of Changes Carrying Amount of Allowance for Credit Losses

The changes in the carrying amount of the allowance for credit losses are as follows (in millions):


Balance at December 31, 2022		$	71
Provision for expected credit losses			28
Recoveries collected			(15	)
Other			(12	)
Balance at December 31, 2023		$	72