Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2021

Revenue Recognition

Summary of revenue is disaggregation by geographical region

	Three Months Ended
	September 30, 2021
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	132,639	$	—	$	—	$	26,917	$	17,040	$	—	$	176,596
U.S. Offshore Gulf of Mexico		35,063		—		—		1,634		—		—		36,697
Alaska		5,739		—		—		163		1		—		5,903
Canada		—		6,034		—		340		1,046		—		7,420
Middle East & Asia		—		—		179,617		10,872		20,678		—		211,167
Latin America		—		—		70,692		5,564		—		—		76,256
Europe, Africa & CIS		—		—		19,699		390		3,288		—		23,377
Eliminations & other		—		—		—		—		—		(13,251)		(13,251)
Total	$	173,441	$	6,034	$	270,008	$	45,880	$	42,053	$	(13,251)	$	524,165

	Nine Months Ended
	September 30, 2021
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	363,536	$	—	$	—	$	66,801	$	45,025	$	—	$	475,362
U.S. Offshore Gulf of Mexico		95,222		—		—		6,192		—		—		101,414
Alaska		18,588		—		—		484		14		—		19,086
Canada		—		39,336		—		998		3,329		—		43,663
Middle East & Asia		—		—		522,142		29,320		43,334		—		594,796
Latin America		—		—		184,531		15,788		176		—		200,495
Europe, Africa & CIS		—		—		65,455		1,114		10,475		—		77,044
Eliminations & other		—		—		—		—		—		(37,851)		(37,851)
Total	$	477,346	$	39,336	$	772,128	$	120,697	$	102,353	$	(37,851)	$	1,474,009

	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

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, 2020	$	427.2	$	23.5	$	6.8	$	42.8	$	44.2
As of September 30, 2021	$	342.4	$	26.2	$	3.1	$	45.5	$	30.5