Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2022

Revenue Recognition

Schedule of revenue, disaggregated by geographical region

	Three Months Ended
	September 30, 2022
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	247,290	$	—	$	—	$	40,561	$	27,279	$	—	$	315,130
U.S. Offshore Gulf of Mexico		31,108		—		—		2,476		—		—		33,584
Alaska		18,780		—		—		530		—		—		19,310
Canada		—		—		—		368		1,354		—		1,722
Middle East & Asia		—		—		204,544		10,044		19,324		—		233,912
Latin America		—		—		79,366		7,849		89		—		87,304
Europe, Africa & CIS		—		—		22,445		153		2,450		—		25,048
Eliminations & other		—		—		—		—		—		(21,874)		(21,874)
Total	$	297,178	$	—	$	306,355	$	61,981	$	50,496	$	(21,874)	$	694,136

	Nine Months Ended
	September 30, 2022
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	627,774	$	—	$	—	$	110,527	$	77,677	$	—	$	815,978
U.S. Offshore Gulf of Mexico		91,481		—		—		8,079		—		—		99,560
Alaska		48,514		—		—		1,284		—		—		49,798
Canada		—		—		—		1,146		3,573		—		4,719
Middle East & Asia		—		—		590,678		29,520		43,128		—		663,326
Latin America		—		—		226,866		20,840		89		—		247,795
Europe, Africa & CIS		—		—		64,161		646		7,859		—		72,666
Eliminations & other		—		—		—		—		—		(60,224)		(60,224)
Total	$	767,769	$	—	$	881,705	$	172,042	$	132,326	$	(60,224)	$	1,893,618

	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

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 September 30, 2022	$	380.2	$	22.9	$	0.6	$	25.4	$	5.4