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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets, Current [Abstract]    
Cash and Cash Equivalents $ 680 $ 618
Restricted Cash 76 182
Accounts Receivable, Net of Allowance for Credit Losses of $25 at June 30, 2020 and $0 at December 31, 2019 927 1,241
Inventories, Net 862 972
Other Current Assets 382 440
Total Current Assets 2,927 3,453
Property, Plant and Equipment, Net of Accumulated Depreciation of $210 at June 30, 2020 and $25 at December 31, 2019 1,367 2,122
Goodwill 0 239
Intangible Assets, Net of Accumulated Amortization of $95 at June 30, 2020 and $9 at December 31, 2019 875 1,114
Operating Lease Right-of-Use Assets 155 256
Other Non-Current Assets 85 109
Total Assets 5,409 7,293
Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 32 13
Accounts Payable 384 585
Accrued Salaries and Benefits 269 270
Income Taxes Payable 203 205
Current Portion of Operating Lease Liabilities 73 79
Other Current Liabilities 465 520
Total Current Liabilities 1,426 1,672
Long-term Debt 2,148 2,151
Operating Lease Liabilities 195 213
Other Non-Current Liabilities 335 341
Total Liabilities 4,104 4,377
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at June 30, 2020 and December 31, 2019 0 0
Capital in Excess of Par Value 2,897 2,897
Retained Deficit (1,573) (26)
Accumulated Other Comprehensive Income (Loss) (57) 9
Weatherford Shareholders’ Equity 1,267 2,880
Noncontrolling Interests 38 36
Total Shareholders’ Equity 1,305 2,916
Total Liabilities and Shareholders’ Equity $ 5,409 $ 7,293