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Segments (Tables)
6 Months Ended
Jun. 30, 2022
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,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

666

 

 

$

463

 

 

$

1,274

 

 

$

876

 

Completion & Production Solutions

 

 

639

 

 

 

497

 

 

 

1,169

 

 

 

936

 

Rig Technologies

 

 

462

 

 

 

487

 

 

 

903

 

 

 

918

 

Eliminations

 

 

(40

)

 

 

(30

)

 

 

(71

)

 

 

(64

)

Total revenue

 

$

1,727

 

 

$

1,417

 

 

$

3,275

 

 

$

2,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

81

 

 

 

6

 

 

$

120

 

 

$

(8

)

Completion & Production Solutions

 

 

20

 

 

 

(6

)

 

 

(2

)

 

 

(23

)

Rig Technologies

 

 

31

 

 

 

49

 

 

 

42

 

 

 

41

 

Eliminations and corporate costs

 

 

(64

)

 

 

(37

)

 

 

(113

)

 

 

(86

)

Total operating profit (loss)

 

$

68

 

 

$

12

 

 

$

47

 

 

$

(76

)