Revenues (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

The following tables disaggregate our product and service revenues from contracts with customers by major product line and geographic region for the three months ended March 31, 2020 and 2019. Equipment rental revenues recognized under ASC 842 was $57 million in the Successor Period and $78 million in the Predecessor Period, which are included in the tables below.



	Successor
	Three Months Ended March 31, 2020
(Dollars in millions)	Western Hemisphere		Eastern Hemisphere		Total Revenues
Product Lines:
Production	$	257	$	96	$	353
Completions	109		205		314
Drilling and Evaluation	113		168		281
Well Construction	109		158		267
Total	$	588	$	627	$	1,215



	Predecessor
	Three Months Ended March 31, 2019
(Dollars in millions)	Western Hemisphere		Eastern Hemisphere		Total Revenues
Product Lines:
Production	$	299	$	100	$	399
Completions	133		173		306
Drilling and Evaluation	152		184		336
Well Construction	142		163		305
Total	$	726	$	620	$	1,346



	Successor		Predecessor
	Three Months Ended		Three Months Ended
(Dollars in millions)	3/31/2020		3/31/2019
Geographic Areas:
North America	$	341	$	456
Latin America	247		270
Western Hemisphere	588		726

Middle East & North Africa and Asia	403		390
Europe/Sub-Sahara Africa/Russia	224		230
Eastern Hemisphere	627		620

Total Revenues	$	1,215	$	1,346

Schedule of Contract with Customer, Asset and Liability

Contract Balances

The following table provides information about receivables for product and services included in “Accounts Receivable, Net” at March 31, 2020 and December 31, 2019.

Changes in the contract assets and liabilities balances during the three months ended March 31, 2020 are as follows:



(Dollars in millions)	Contract Assets			Contract Liabilities
Balance at December 31, 2019	$	3		$	12
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	—			(4		)
Increase due to consideration received, net of amount recognized as revenue during the period	—			12
Increase due to revenue recognized during the period but contingent on future performance	1			—
Transferred to receivables from contract assets recognized at the beginning of the period	(2		)	—
Adjustments due to changes in estimates, contract modifications or other	—			10
Balance at March 31, 2020	$	2		$	30

Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

In the following table, estimated revenue expected to be recognized in the future related to performance obligations that are either unsatisfied or partially unsatisfied as of March 31, 2020 primarily relate to subsea services and an artificial lift contract.



(Dollars in millions)	2020		2021		2022		2023		Thereafter		Total
Service Revenue	$	40	$	25	$	32	$	32	$	32	$	161

(Dollars in millions)

Receivables for Product and Services in Accounts Receivable, Net