Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

We did not recognize any share-based compensation expense during the Successor Period. We recognized the following share-based compensation expense during the 2019 Predecessor Period and the years ended December 31, 2018 and December 31, 2017:

	Successor		Predecessor
	Period From		Period From
	12/14/19		01/01/2019		Years Ended
	through		through		December 31,
(Dollars in millions)	12/31/2019		12/13/2019		2018		2017
Share-based Compensation	$	—	$	46	$	47	$	70
Related Tax (Provision) Benefit	—		—		—		—

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of RSU activity is presented below:

	RSU		Weighted Average Grant Date Fair Value
	(In thousands)
Non-Vested at December 31, 2018 (Predecessor)	17,278		$	2.82
Granted	76		0.90
Vested	(9,747	)	3.64
Cancelled or Forfeited	(7,607	)	1.75
Non-Vested at December 13, 2019 (Predecessor)	—		—
Granted, Vested, Cancelled or Forfeited	—		—
Non-Vested at December 31, 2019 (Successor)	—		—

Schedule of Nonvested Performance-based Units Activity

A summary of performance unit activity for the year ended December 31, 2019, is presented below:

	Performance Units		Weighted Average Grant Date Fair Value
	(In thousands)
Non-vested at December 31, 2018 (Predecessor)	4,014		$	4.99
Granted	—		—
Vested	(3,033	)	4.79
Cancelled or Forfeited	(981	)	5.63
Non-vested at December 13, 2019 (Predecessor)	—		—
Granted	—		—
Non-vested at December 31, 2019 (Successor)	—		—

Employee Stock Purchase Plan

The Predecessor had an ESPP which permitted eligible employees to make payroll deductions to purchase Weatherford shares.  Each offering period had a six-month duration beginning on either March 1 or September 1. Shares were purchased at 90% of the lower of the closing price for our ordinary shares on the first or last day of the offering period. We issued 4 million and 3 million shares under the ESPP during the years ended December 31, 2018 and 2017, respectively. In January 2019, we temporarily suspended our ESPP due to insufficient shares remaining available for issuance under the plan as a consequence of our lower share price. New Ordinary Shares have not been registered for issuance under our ESPP.