Revenues (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables disaggregate our product and service revenues by major product line and geographic region for the three and nine months ended September 30, 2020 and 2019.

	Successor		Predecessor		Successor		Predecessor
	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
(Dollars in millions)	9/30/2020		9/30/2019		9/30/2020		9/30/2019
Product Line Revenue by Hemisphere:
Production and Completions	$	170	$	348	$	632	$	1,098
Drilling, Evaluation and Intervention	146		327		582		1,022
Western Hemisphere	$	316	$	675	$	1,214	$	2,120
Production and Completions	$	241	$	265	$	783	$	792
Drilling, Evaluation and Intervention	250		374		846		1,057
Eastern Hemisphere	$	491	$	639	$	1,629	$	1,849
Total Revenue	$	807	$	1,314	$	2,843	$	3,969

	Successor		Predecessor		Successor		Predecessor
	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
(Dollars in millions)	9/30/2020		9/30/2019		9/30/2020		9/30/2019
Revenue by Geographic Areas:
North America	$	175	$	383	$	688	$	1,259
Latin America	141		292		526		861
Western Hemisphere	$	316	$	675	$	1,214	$	2,120
Middle East & North Africa and Asia	$	319	$	377	$	1,063	$	1,129
Europe/Sub-Sahara Africa/Russia	172		262		566		720
Eastern Hemisphere	$	491	$	639	$	1,629	$	1,849
Total Revenues	$	807	$	1,314	$	2,843	$	3,969

Schedule of Contract with Customer, Asset and Liability

The following table provides information about receivables for product and services included in “Accounts Receivable, Net,” “Contrast Assets” and “Contract Liabilities” at September 30, 2020 and December 31, 2019.

(Dollars in millions)	9/30/2020		12/31/2019
Receivables for Product and Services in Accounts Receivable, Net	$	793	$	1,156
Receivables for Equipment Rentals in Account Receivable, Net	$	42	$	85
Contract Assets	$	1	$	3
Contract Liabilities	$	29	$	12

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 September 30, 2020 primarily relate to subsea services and an artificial lift contract.

(Dollars in millions)	2020		2021		2022		2023		Thereafter		Total
Service Revenue	$	35	$	34	$	34	$	34	$	80	$	217