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Segments (Tables)
6 Months Ended
Jun. 30, 2024
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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Energy Products and Services

 

$

1,050

 

 

$

1,029

 

 

$

2,067

 

 

$

1,970

 

Energy Equipment

 

 

1,204

 

 

 

1,117

 

 

 

2,382

 

 

 

2,169

 

Eliminations

 

 

(38

)

 

 

(53

)

 

 

(78

)

 

 

(84

)

Total revenue

 

$

2,216

 

 

$

2,093

 

 

$

4,371

 

 

$

4,055

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit:

 

 

 

 

 

 

 

 

 

 

 

 

Energy Products and Services

 

$

128

 

 

$

156

 

 

$

249

 

 

$

268

 

Energy Equipment

 

 

232

 

 

 

81

 

 

 

327

 

 

 

152

 

Eliminations and corporate costs

 

 

(47

)

 

 

(56

)

 

 

(101

)

 

 

(113

)

Total operating profit

 

$

313

 

 

$

181

 

 

$

475

 

 

$

307