Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2023

Revenue Recognition

Schedule of revenue, disaggregated by geographical region

	Three Months Ended
	June 30, 2023
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	272,909	$	—	$	51,157	$	31,654	$	—	$	355,720
U.S. Offshore Gulf of Mexico		32,316		—		3,123		—		—		35,439
Alaska		9,605		—		531		—		—		10,136
Canada		—		—		312		2,144		—		2,456
Middle East & Asia		—		238,276		11,770		25,032		—		275,078
Latin America		—		83,583		9,490		2,199		—		95,272
Europe, Africa & CIS		—		15,791		472		2,536		—		18,799
Eliminations & other		—		—		—		—		(25,833)		(25,833)
Total	$	314,830	$	337,650	$	76,855	$	63,565	$	(25,833)	$	767,067

	Six Months Ended
	June 30, 2023
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	579,027	$	—	$	102,941	$	64,615	$	—	$	746,583
U.S. Offshore Gulf of Mexico		63,976		—		5,956		—		—		69,932
Alaska		22,479		—		981		—		—		23,460
Canada		—		—		670		4,013		—		4,683
Middle East & Asia		—		461,228		22,038		42,758		—		526,024
Latin America		—		164,634		18,560		4,514		—		187,708
Europe, Africa & CIS		—		31,836		752		6,144		—		38,732
Eliminations & other		—		—		—		—		(50,916)		(50,916)
Total	$	665,482	$	657,698	$	151,898	$	122,044	$	(50,916)	$	1,546,206

	Three Months Ended
	June 30, 2022
		U.S. 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		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

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, 2022	$	401.9	$	23.6	$	0.1	$	29.2	$	3.2
As of June 30, 2023	$	346.1	$	25.2	$	2.6	$	26.3	$	4.3