Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2023

Revenue Recognition

Schedule of revenue, disaggregated by geographical region

In the following table, revenue is disaggregated by geographical region. The table also includes a reconciliation of the disaggregated revenue with the reportable segments:

	Year Ended
	December 31, 2023
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	1,052,274	$	—	$	—	$	196,252	$	121,958	$	—	$	1,370,484
U.S. Offshore Gulf of Mexico		118,218		—		—		11,147		—		—		129,365
Alaska		37,137		—		—		1,733		—		—		38,870
Canada		—		—		—		1,522		7,270		—		8,792
Middle East & Asia		—		—		943,285		44,896		93,032		—		1,081,213
Latin America		—		—		341,470		44,422		11,162		—		397,054
Europe, Africa & CIS		—		—		60,494		1,785		9,346		—		71,625
Eliminations & other		—		—		—		—		—		(91,422)		(91,422)
Total	$	1,207,629	$	—	$	1,345,249	$	301,757	$	242,768	$	(91,422)	$	3,005,981

	Year Ended
	December 31, 2022
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	913,932	$	—	$	—	$	157,709	$	111,197	$	—	$	1,182,838
U.S. Offshore Gulf of Mexico		122,536		—		—		10,665		—		—		133,201
Alaska		64,146		—		—		1,734		—		—		65,880
Canada		—		—		—		1,521		5,726		—		7,247
Middle East & Asia		—		—		805,944		41,257		64,739		—		911,940
Latin America		—		—		309,320		29,515		1,503		—		340,338
Europe, Africa & CIS		—		—		84,018		948		11,964		—		96,930
Eliminations & other		—		—		—		—		—		(84,608)		(84,608)
Total	$	1,100,614	$	—	$	1,199,282	$	243,349	$	195,129	$	(84,608)	$	2,653,766

	Year Ended
	December 31, 2021
		U.S. Drilling		Canada Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	512,880	$	—	$	—	$	97,354	$	69,250	$	—	$	679,484
U.S. Offshore Gulf of Mexico		128,323		—		—		8,787		—		—		137,110
Alaska		28,453		—		—		753		59		—		29,265
Canada		—		39,336		—		1,342		4,379		—		45,057
Middle East & Asia		—		—		706,267		40,492		60,319		—		807,078
Latin America		—		—		251,153		22,104		228		—		273,485
Europe, Africa & CIS		—		—		85,777		1,641		15,038		—		102,456
Eliminations & other		—		—		—		—		—		(56,387)		(56,387)
Total	$	669,656	$	39,336	$	1,043,197	$	172,473	$	149,273	$	(56,387)	$	2,017,548

Summary of receivables, contract assets, current and long-term contract liabilities

The opening and closing balances of our receivables, contract assets and current and long-term contract liabilities are as follows:

			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 December 31, 2023	$	397.1	$	8.4	$	3.0	$	20.3	$	2.0