Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Summary of Disaggregate Revenue by Destinations

The following table disaggregates the Company’s revenue by major geographic and market segment destination. In the table, North America includes the U.S. and Canada (in millions):

	Three Months Ended June 30,
	2022											2021
			Completion											Completion
	Wellbore		& Production		Rig							Wellbore		& Production		Rig
	Technologies		Solutions		Technologies		Elims.			Total		Technologies		Solutions		Technologies		Elims.			Total
North America	$	346	$	236	$	120	$	—		$	702	$	215	$	209	$	69	$	—		$	493
International		305		391		329		—			1,025		233		278		413		—			924
Eliminations		15		12		13		(40	)		—		15		10		5		(30	)		—
	$	666	$	639	$	462	$	(40	)	$	1,727	$	463	$	497	$	487	$	(30	)	$	1,417
Land	$	518	$	387	$	115	$	—		$	1,020	$	330	$	329	$	113	$	—		$	772
Offshore		133		240		334		—			707		118		158		369		—			645
Eliminations		15		12		13		(40	)		—		15		10		5		(30	)		—
	$	666	$	639	$	462	$	(40	)	$	1,727	$	463	$	497	$	487	$	(30	)	$	1,417

	Six Months Ended June 30,
	2022											2021
			Completion											Completion
	Wellbore		& Production		Rig							Wellbore		& Production		Rig
	Technologies		Solutions		Technologies		Elims.			Total		Technologies		Solutions		Technologies		Elims.			Total
North America	$	652	$	449	$	208	$	—		$	1,309	$	403	$	371	$	124	$	—		$	898
International		595		699		672		—			1,966		444		542		782		—			1,768
Intercompany		27		21		23		(71	)		—		29		23		12		(64	)		—
	$	1,274	$	1,169	$	903	$	(71	)	$	3,275	$	876	$	936	$	918	$	(64	)	$	2,666
Land	$	952	$	709	$	238	$	—		$	1,899	$	624	$	594	$	204	$	—		$	1,422
Offshore		295		439		642		—			1,376		223		319		702		—			1,244
Intercompany		27		21		23		(71	)		—		29		23		12		(64	)		—
	$	1,274	$	1,169	$	903	$	(71	)	$	3,275	$	876	$	936	$	918	$	(64	)	$	2,666

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, 2021	$	461		$	392
Provision		(1	)		—
Billings		(512	)		600
Revenue recognized		521			(515	)
Currency translation adjustments and other		7			(22	)
Balance at June 30, 2022	$	476		$	455