Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2020

Revenue Recognition

Summary of revenue is disaggregation by geographical region

	Three Months Ended
	September 30, 2020
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	96,433	$	—	$	—	$	15,769	$	10,220	$	—	$	122,422
U.S. Offshore Gulf of Mexico		26,943		—		—		2,011		—		—		28,954
Alaska		6,867		—		—		66		2		—		6,935
Canada		—		10,774		—		187		515		—		11,476
Middle East & Asia		—		—		176,617		10,096		13,869		—		200,582
Latin America		—		—		43,881		902		15		—		44,798
Europe, Africa & CIS		—		—		27,894		293		3,845		—		32,032
Eliminations & other		—		—		—		—		—		(8,847)		(8,847)
Total	$	130,243	$	10,774	$	248,392	$	29,324	$	28,466	$	(8,847)	$	438,352

	Nine Months Ended
	September 30, 2020
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	445,478	$	—	$	—	$	70,805	$	42,860	$	—	$	559,143
U.S. Offshore Gulf of Mexico		102,681		—		—		7,044		—		—		109,725
Alaska		30,769		—		—		1,296		20		—		32,085
Canada		—		39,929		—		995		2,711		—		43,635
Middle East & Asia		—		—		571,108		31,630		46,003		—		648,741
Latin America		—		—		177,800		4,284		136		—		182,220
Europe, Africa & CIS		—		—		137,672		1,783		12,468		—		151,923
Eliminations & other		—		—		—		—		—		(36,825)		(36,825)
Total	$	578,928	$	39,929	$	886,580	$	117,837	$	104,198	$	(36,825)	$	1,690,647

	Three Months Ended
	September 30, 2019
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	256,978	$	—	$	—	$	41,459	$	40,082	$	—	$	338,519
U.S. Offshore Gulf of Mexico		37,365		—		—		2,935		—		—		40,300
Alaska		13,465		—		—		1,488		341		—		15,294
Canada		—		12,191		—		358		1,894		—		14,443
Middle East & Asia		—		—		197,095		11,167		14,481		—		222,743
Latin America		—		—		85,558		4,545		468		—		90,571
Europe, Africa & CIS		—		—		45,625		334		5,840		—		51,799
Eliminations & other		—		—		—		—		—		(15,593)		(15,593)
Total	$	307,808	$	12,191	$	328,278	$	62,286	$	63,106	$	(15,593)	$	758,076

	Nine Months Ended
	September 30, 2019
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	784,638	$	—	$	—	$	132,156	$	144,983	$	—	$	1,061,777
U.S. Offshore Gulf of Mexico		117,572		—		—		9,945		—		—		127,517
Alaska		49,209		—		—		4,137		888		—		54,234
Canada		—		48,895		—		1,413		6,942		—		57,250
Middle East & Asia		—		—		570,142		31,095		38,344		—		639,581
Latin America		—		—		266,715		11,202		1,850		—		279,767
Europe, Africa & CIS		—		—		155,582		2,343		14,603		—		172,528
Eliminations & other		—		—		—		—		—		(63,532)		(63,532)
Total	$	951,419	$	48,895	$	992,439	$	192,291	$	207,610	$	(63,532)	$	2,329,122

Summary of contract assets, current and long-term contract liabilities

			Contract		Contract		Contract		Contract
	Contract		Assets		Assets		Liabilities		Liabilities
	Receivables		(Current)		(Long-term)		(Current)		(Long-term)
	(In millions)
As of December 31, 2019	$	507.0	$	48.6	$	24.9	$	66.8	$	70.5
As of September 30, 2020	$	408.0	$	25.9	$	10.5	$	35.8	$	48.1