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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets:    
Cash and Cash Equivalents $ 670 $ 618
Restricted Cash, Current 94 182
Accounts Receivable, Net of Allowance for Credit Losses of $10 at March 31, 2020 and $0 at December 31, 2019 1,204 1,241
Inventories, Net 1,004 972
Other Current Assets 402 440
Total Current Assets 3,374 3,453
Property, Plant and Equipment, Net of Accumulated Depreciation of $124 at March 31, 2020 and $25 at December 31, 2019 1,554 2,122
Goodwill 72 239
Intangible Assets, Net of Accumulated Amortization of $55 at March 31, 2020 and $9 at December 31, 2019 928 1,114
Other Non-Current Assets 237 365
Total Assets 6,165 7,293
Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 26 13
Accounts Payable 544 585
Accrued Salaries and Benefits 248 270
Income Taxes Payable 199 205
Other Current Liabilities 627 599
Total Current Liabilities 1,644 1,672
Long-term Debt 2,149 2,151
Other Non-Current Liabilities 509 554
Total Liabilities 4,302 4,377
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at March 31, 2020 and December 31, 2019 0 0
Capital in Excess of Par Value 2,897 2,897
Retained Deficit (992) (26)
Accumulated Other Comprehensive Income (Loss) (86) 9
Weatherford Shareholders’ Equity 1,819 2,880
Noncontrolling Interests 44 36
Total Shareholders’ Equity 1,863 2,916
Total Liabilities and Shareholders’ Equity $ 6,165 $ 7,293