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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets, Current [Abstract]    
Cash and Cash Equivalents $ 1,121 $ 618
Restricted Cash 172 182
Accounts Receivable, Net of Allowance for Credit Losses of $31 at September 30, 2020 and $0 at December 31, 2019 835 1,241
Inventories, Net 811 972
Other Current Assets 354 440
Total Current Assets 3,293 3,453
Property, Plant and Equipment, Net of Accumulated Depreciation of $284 at September 30, 2020 and $25 at December 31, 2019 1,304 2,122
Goodwill 0 239
Intangible Assets, Net of Accumulated Amortization of $133 at September 30, 2020 and $9 at December 31, 2019 841 1,114
Operating Lease Right-of-Use Assets 147 256
Other Non-Current Assets 79 109
Total Assets 5,664 7,293
Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 14 13
Accounts Payable 332 585
Accrued Salaries and Benefits 287 270
Income Taxes Payable 197 205
Current Portion of Operating Lease Liabilities 70 79
Other Current Liabilities 516 520
Total Current Liabilities 1,416 1,672
Long-term Debt 2,602 2,151
Operating Lease Liabilities 183 213
Other Non-Current Liabilities 340 341
Total Liabilities 4,541 4,377
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at September 30, 2020 and December 31, 2019 0 0
Capital in Excess of Par Value 2,897 2,897
Retained Deficit (1,747) (26)
Accumulated Other Comprehensive Income (Loss) (63) 9
Weatherford Shareholders’ Equity 1,087 2,880
Noncontrolling Interests 36 36
Total Shareholders’ Equity 1,123 2,916
Total Liabilities and Shareholders’ Equity $ 5,664 $ 7,293