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Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of Disaggregate Revenue by Destinations and Revenue Streams

The following tables disaggregate our revenue by destinations and revenue streams, 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 millions).

In the tables below, North America includes only the U.S. and Canada:

		Year Ended December 31, 2024
		Energy Products				Energy
		and Solutions				Equipment				Eliminations				Total
North America		$	2,105			$	1,201			$	—			$	3,306
International			1,935				3,629				—				5,564
Intersegment revenue			90				58				(148	)			—
		$	4,130			$	4,888			$	(148	)		$	8,870
Land		$	3,088			$	1,800			$	—			$	4,888
Offshore			952				3,030				—				3,982
Intersegment revenue			90				58				(148	)			—
		$	4,130			$	4,888			$	(148	)		$	8,870

		Year Ended December 31, 2023
		Energy Products				Energy
		and Solutions				Equipment				Eliminations				Total
North America		$	2,019			$	1,237			$	—			$	3,256
International			1,954				3,373				—				5,327
Intersegment revenue			104				59				(163	)			—
		$	4,077			$	4,669			$	(163	)		$	8,583
Land		$	2,921			$	1,864			$	—			$	4,785
Offshore			1,052				2,746				—				3,798
Intersegment revenue			104				59				(163	)			—
		$	4,077			$	4,669			$	(163	)		$	8,583

		Year Ended December 31, 2022
		Energy Products				Energy
		and Solutions				Equipment				Eliminations				Total
North America		$	1,845			$	1,034			$	—			$	2,879
International			1,629				2,729				—				4,358
Eliminations			63				56				(119	)			—
		$	3,537			$	3,819			$	(119	)		$	7,237
Land		$	2,620			$	1,527			$	—			$	4,147
Offshore			854				2,236				—				3,090
Eliminations			63				56				(119	)			—
		$	3,537			$	3,819			$	(119	)		$	7,237

In the table below, the revenue streams of the Energy Products and Services segment are categorized as services and rentals, sales of shorter-lived capital equipment, and sales of consumable products. The revenue streams of Energy Equipment are categorized as long-lived capital equipment sales and aftermarket sales and services.

	Year Ended December 31,
	2024				2023				2022
Energy Products and Services:
Services & rental	$	1,996			$	1,959			$	1,740
Capital equipment		1,238				1,336				1,148
Product sales		806				678				586
Intersegment revenue		90				104				63
Total		4,130				4,077				3,537
Energy Equipment:
Capital equipment		2,625				2,556				2,173
Aftermarket		2,205				2,054				1,590
Intersegment revenue		58				59				56
Total		4,888				4,669				3,819
Eliminations		(148	)			(163	)			(119	)
Total consolidated	$	8,870			$	8,583			$	7,237

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, 2023		$	739			$	532
Billings			(1,553	)			1,261
Revenue recognized			1,490				(1,247	)
Currency translation adjustments and other			(99	)			(54	)
Balance at December 31, 2024		$	577			$	492

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, 2023		$	72
Provision for expected credit losses			40
Recoveries collected			(13	)
Reclass for long-term receivables			(17	)
Writeoffs			(13	)
Other			(2	)
Balance at December 31, 2024		$	67

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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