Revenue (Tables)

9 Months Ended

Sep. 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 September 30,
	2022											2021
			Completion											Completion
	Wellbore		& Production		Rig							Wellbore		& Production		Rig
	Technologies		Solutions		Technologies		Elims.			Total		Technologies		Solutions		Technologies		Elims.			Total
North America	$	385	$	284	$	101	$	—		$	770	$	227	$	192	$	70	$	—		$	489
International		338		381		400		—			1,119		264		276		312		—			852
Eliminations		18		16		10		(44	)		—		16		10		8		(34	)		—
	$	741	$	681	$	511	$	(44	)	$	1,889	$	507	$	478	$	390	$	(34	)	$	1,341
Land	$	551	$	413	$	139	$	—		$	1,103	$	370	$	317	$	85	$	—		$	772
Offshore		172		252		362		—			786		121		151		297		—			569
Eliminations		18		16		10		(44	)		—		16		10		8		(34	)		—
	$	741	$	681	$	511	$	(44	)	$	1,889	$	507	$	478	$	390	$	(34	)	$	1,341

	Nine Months Ended September 30,
	2022											2021
			Completion											Completion
	Wellbore		& Production		Rig							Wellbore		& Production		Rig
	Technologies		Solutions		Technologies		Elims.			Total		Technologies		Solutions		Technologies		Elims.			Total
North America	$	1,037	$	733	$	309	$	—		$	2,079	$	630	$	563	$	194	$	—		$	1,387
International		933		1,080		1,072		—			3,085		708		818		1,094		—			2,620
Intercompany		45		37		33		(115	)		—		45		33		20		(98	)		—
	$	2,015	$	1,850	$	1,414	$	(115	)	$	5,164	$	1,383	$	1,414	$	1,308	$	(98	)	$	4,007
Land	$	1,503	$	1,122	$	377	$	—		$	3,002	$	994	$	911	$	289	$	—		$	2,194
Offshore		467		691		1,004		—			2,162		344		470		999		—			1,813
Intercompany		45		37		33		(115	)		—		45		33		20		(98	)		—
	$	2,015	$	1,850	$	1,414	$	(115	)	$	5,164	$	1,383	$	1,414	$	1,308	$	(98	)	$	4,007

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		(701	)		780
Revenue recognized		819			(738	)
Currency translation adjustments and other		13			(3	)
Balance at September 30, 2022	$	591		$	431