CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Assets:
Cash and Cash Equivalents	$ 1,118	$ 618
Restricted Cash, Current	167	182
Receivables, Net, Current	826	1,241
Inventories, Net	717	972
Other Current Assets	349	440
Total Current Assets	3,177	3,453
Property, Plant and Equipment, Net of Accumulated Depreciation of $367 at December 31, 2020 and $25 at December 31, 2019	1,236	2,122
Goodwill	0	239
Intangible Assets, Net of Accumulated Amortization of $173 at December 31, 2020 and $9 at December 31, 2019	810	1,114
Operating Lease, Right-of-Use Asset	138	256
Other Assets, Noncurrent	73	109
Total Assets	5,434	7,293
Liabilities:
Short-term Borrowings and Current Portion of Long-term Debt	13	13
Accounts Payable	325	585
Accrued Salaries and Benefits	297	270
Income Taxes Payable	185	205
Operating Lease, Liability	71	79
Other Current Liabilities	471	520
Total Current Liabilities	1,362	1,672
Long-term Debt and Lease Obligation	2,601	2,151
Operating Lease, Liability, Noncurrent	177	213
Other Non-current Liabilities	357	341
Total Liabilities	4,497	4,377
Shareholders’ Equity:
Ordinary Shares - Par value $0.001; Authorized 1,356, Issued and Outstanding 70 at December 31, 2020 and 2019	0	0
Additional Paid in Capital, Common Stock	2,897	2,897
Retained Deficit	(1,947)	(26)
Accumulated Other Comprehensive Income (Loss)	(43)	9
Weatherford Shareholders’ Equity	907	2,880
Noncontrolling Interests (“NCI”)	30	36
Total Shareholders’ Equity	937	2,916
Total Liabilities and Shareholders’ Equity	$ 5,434	$ 7,293