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Business Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Summary of Financial Information of Company's Reportable Segments

The following table presents financial information for each of the Company’s reportable segments as of and for the year ended December 31 (in millions):

		United States				Canada				International				Total
2021
Revenue		$	1,163			$	249			$	220			$	1,632
Operating profit (loss)			(8	)			17				—				9
Impairment and other charges			6				1				—				7
Depreciation and amortization			20				2				1				23
Property, plant and equipment, net			86				11				14				111
Total assets			787				168				149				1,104
2020
Revenue		$	1,153			$	209			$	257			$	1,619
Operating loss			(281	)			(60	)			(79	)			(420	)
Impairment and other charges			189				60				72				321
Depreciation and amortization			23				2				3				28
Property, plant and equipment, net			70				12				16				98
Total assets (1)			714				141				153				1,008
2019
Revenue		$	2,240			$	319			$	392			$	2,951
Operating loss			(6	)			(19	)			(58	)			(83	)
Impairment and other charges			43				27				58				128
Depreciation and amortization			30				2				9				41
Property, plant and equipment, net			84				14				22				120
Total assets (1)			1,034				259				298				1,591

(1)Beginning in 2020, due to asset impairments and declining market conditions, reporting segment assets excluded inter-segment adjustments that were eliminated in the total assets in the consolidated balance sheets. Prior periods have been reclassified to conform with the current period presentation.

Schedule of Comparison of Approximate Sales Mix in Principal Product Categories

The following table presents a comparison of the approximate sales mix in the principal product categories (in millions):

		Year Ended December 31,
		2021				2020				2019
Product Category
Drilling and production		$	423			$	428			$	711
Pipe			277				228				473
Valves			317				326				608
Fittings and flanges			285				287				524
Mill tool, MRO, safety and other			330				350				635
Total		$	1,632			$	1,619			$	2,951

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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