Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2023

Revenue Recognition

Schedule of revenue, disaggregated by geographical region

	Three Months Ended
	September 30, 2023
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	241,900	$	—	$	45,646	$	27,453	$	—	$	314,999
U.S. Offshore Gulf of Mexico		25,768		—		2,974		—		—		28,742
Alaska		8,717		—		469		—		—		9,186
Canada		—		—		467		1,526		—		1,993
Middle East & Asia		—		243,691		10,550		27,430		—		281,671
Latin America		—		86,665		11,885		3,265		—		101,815
Europe, Africa & CIS		—		14,424		840		1,763		—		17,027
Eliminations & other		—		—		—		—		(21,459)		(21,459)
Total	$	276,385	$	344,780	$	72,831	$	61,437	$	(21,459)	$	733,974

	Nine Months Ended
	September 30, 2023
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	820,927	$	—	$	148,587	$	92,069	$	—	$	1,061,583
U.S. Offshore Gulf of Mexico		89,744		—		8,929		—		—		98,673
Alaska		31,196		—		1,450		—		—		32,646
Canada		—		—		1,137		5,539		—		6,676
Middle East & Asia		—		704,918		32,587		70,190		—		807,695
Latin America		—		251,300		30,446		7,776		—		289,522
Europe, Africa & CIS		—		46,260		1,593		7,907		—		55,760
Eliminations & other		—		—		—		—		(72,375)		(72,375)
Total	$	941,867	$	1,002,478	$	224,729	$	183,481	$	(72,375)	$	2,280,180

	Three Months Ended
	September 30, 2022
		U.S. 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		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

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 September 30, 2023	$	372.7	$	14.0	$	2.8	$	21.3	$	2.5