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Revenue (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Summary of Disaggregate Revenue by Destinations and Revenue Streams

		Three Months Ended March 31,
		2025																2024
		Energy																Energy
		Products				Energy												Products				Energy
		and Services				Equipment				Eliminations				Total				and Services				Equipment				Eliminations				Total
North America		$	551			$	261			$	—			$	812			$	537			$	296			$	—			$	833
International			420				871				—				1,291				456				866				—				1,322
Intersegment revenue			21				14				(35	)			—				24				16				(40	)			—
		$	992			$	1,146			$	(35	)		$	2,103			$	1,017			$	1,178			$	(40	)		$	2,155
Land		$	755			$	401			$	—			$	1,156			$	772			$	427			$	—			$	1,199
Offshore			216				731				—				947				221				735				—				956
Intersegment revenue			21				14				(35	)			—				24				16				(40	)			—
		$	992			$	1,146			$	(35	)		$	2,103			$	1,017			$	1,178			$	(40	)		$	2,155

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.

		Three Months Ended March 31,
		2025			2024
Energy Products and Services:
Services & rental		$	507			$	486
Capital equipment			288				304
Product sales			176				203
Intersegment revenue			21				24
Total			992				1,017
Energy Equipment:
Capital equipment			641				609
Aftermarket			491				553
Intersegment revenue			14				16
Total			1,146				1,178
Eliminations			(35	)			(40	)
Total consolidated		$	2,103			$	2,155

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, 2024		$	577			$	492
Billings			(322	)			381
Revenue recognized			398				(373	)
Currency translation adjustments and other			27				20
Balance at March 31, 2025		$	680			$	520

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, 2024		$	67
Provision for expected credit losses			14
Recoveries collected			(7	)
Reclass for long-term receivables			(6	)
Writeoffs			(1	)
Other			(1	)
Balance at March 31, 2025		$	66

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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X

- 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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