Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue Recognition

Schedule of revenue, disaggregated by geographical region

	Three Months Ended
	March 31, 2024
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	232,124	$	—	$	44,704	$	24,060	$	—	$	300,888
U.S. Offshore Gulf of Mexico		28,694		—		2,857		—		—		31,551
Alaska		11,171		—		681		—		—		11,852
Canada		—		—		434		1,723		—		2,157
Middle East & Asia		—		251,240		10,955		19,173		—		281,368
Latin America		—		84,300		15,715		3,770		—		103,785
Europe, Africa & CIS		—		13,819		228		1,430		—		15,477
Eliminations & other		—		—		—		—		(13,374)		(13,374)
Total	$	271,989	$	349,359	$	75,574	$	50,156	$	(13,374)	$	733,704

	Three Months Ended
	March 31, 2023
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	306,118	$	—	$	51,782	$	32,959	$	—	$	390,859
U.S. Offshore Gulf of Mexico		31,659		—		2,833		—		—		34,492
Alaska		12,875		—		451		—		—		13,326
Canada		—		—		358		1,869		—		2,227
Middle East & Asia		—		222,952		10,268		17,729		—		250,949
Latin America		—		81,052		9,071		2,314		—		92,437
Europe, Africa & CIS		—		16,044		280		3,608		—		19,932
Eliminations & other		—		—		—		—		(25,083)		(25,083)
Total	$	350,652	$	320,048	$	75,043	$	58,479	$	(25,083)	$	779,139

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, 2023	$	397.1	$	8.4	$	3.0	$	20.3	$	2.0
As of March 31, 2024	$	467.7	$	10.1	$	3.8	$	23.2	$	1.9