Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue Recognition

Summary of revenue is disaggregation by geographical region

	Three Months Ended
	March 31, 2022
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	172,797	$	—	$	—	$	34,060	$	22,688	$	—	$	229,545
U.S. Offshore Gulf of Mexico		30,440		—		—		3,236		—		—		33,676
Alaska		14,346		—		—		276		—		—		14,622
Canada		—		—		—		436		979		—		1,415
Middle East & Asia		—		—		190,696		10,026		10,800		—		211,522
Latin America		—		—		68,895		5,929		—		—		74,824
Europe, Africa & CIS		—		—		19,439		219		2,269		—		21,927
Eliminations & other		—		—		—		—		—		(18,992)		(18,992)
Total	$	217,583	$	—	$	279,030	$	54,182	$	36,736	$	(18,992)	$	568,539

	Three Months Ended
	March 31, 2021
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	109,534	$	—	$	—	$	18,448	$	12,539	$	—	$	140,521
U.S. Offshore Gulf of Mexico		27,193		—		—		2,736		—		—		29,929
Alaska		5,572		—		—		136		—		—		5,708
Canada		—		20,989		—		454		900		—		22,343
Middle East & Asia		—		—		168,187		8,991		9,078		—		186,256
Latin America		—		—		55,908		4,567		12		—		60,487
Europe, Africa & CIS		—		—		22,743		374		3,219		—		26,336
Eliminations & other		—		—		—		—		—		(11,069)		(11,069)
Total	$	142,299	$	20,989	$	246,838	$	35,706	$	25,748	$	(11,069)	$	460,511

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, 2021	$	350.0	$	24.9	$	1.9	$	42.9	$	29.3
As of March 31, 2022	$	385.6	$	27.5	$	1.9	$	34.4	$	27.8