Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2022

Revenue Recognition

Schedule of revenue, disaggregated by geographical region

	Three Months Ended
	June 30, 2022
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	207,685	$	—	$	—	$	35,909	$	27,707	$	—	$	271,301
U.S. Offshore Gulf of Mexico		29,933		—		—		2,366		—		—		32,299
Alaska		15,390		—		—		478		—		—		15,868
Canada		—		—		—		341		1,240		—		1,581
Middle East & Asia		—		—		195,437		9,449		13,007		—		217,893
Latin America		—		—		78,605		7,063		—		—		85,668
Europe, Africa & CIS		—		—		22,278		273		3,140		—		25,691
Eliminations & other		—		—		—		—		—		(19,358)		(19,358)
Total	$	253,008	$	—	$	296,320	$	55,879	$	45,094	$	(19,358)	$	630,943

	Six Months Ended
	June 30, 2022
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	380,483	$	—	$	—	$	69,970	$	50,398	$	—	$	500,851
U.S. Offshore Gulf of Mexico		60,373		—		—		5,603		—		—		65,976
Alaska		29,735		—		—		754		—		—		30,489
Canada		—		—		—		777		2,219		—		2,996
Middle East & Asia		—		—		386,134		19,474		23,805		—		429,413
Latin America		—		—		147,500		12,990		—		—		160,490
Europe, Africa & CIS		—		—		41,716		493		5,408		—		47,617
Eliminations & other		—		—		—		—		—		(38,350)		(38,350)
Total	$	470,591	$	—	$	575,350	$	110,061	$	81,830	$	(38,350)	$	1,199,482

	Three Months Ended
	June 30, 2021
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	121,360	$	—	$	—	$	21,436	$	15,448	$	—	$	158,244
U.S. Offshore Gulf of Mexico		32,967		—		—		1,822		—		—		34,789
Alaska		7,279		—		—		185		14		—		7,478
Canada		—		12,313		—		204		1,383		—		13,900
Middle East & Asia		—		—		174,339		9,457		13,575		—		197,371
Latin America		—		—		57,931		5,658		163		—		63,752
Europe, Africa & CIS		—		—		23,012		349		3,969		—		27,330
Eliminations & other		—		—		—		—		—		(13,531)		(13,531)
Total	$	161,606	$	12,313	$	255,282	$	39,111	$	34,552	$	(13,531)	$	489,333

	Six Months Ended
	June 30, 2021
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	230,896	$	—	$	—	$	39,884	$	27,985	$	—	$	298,765
U.S. Offshore Gulf of Mexico		60,159		—		—		4,558		—		—		64,717
Alaska		12,850		—		—		322		14		—		13,186
Canada		—		33,302		—		658		2,283		—		36,243
Middle East & Asia		—		—		342,525		18,448		22,655		—		383,628
Latin America		—		—		113,839		10,224		176		—		124,239
Europe, Africa & CIS		—		—		45,756		723		7,187		—		53,666
Eliminations & other		—		—		—		—		—		(24,600)		(24,600)
Total	$	303,905	$	33,302	$	502,120	$	74,817	$	60,300	$	(24,600)	$	949,844

Summary of receivables, 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 June 30, 2022	$	364.9	$	22.9	$	1.1	$	8.0	$	27.7