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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets, Current [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 1,177 $ 1,118
Restricted Cash 166 167
Accounts Receivable, Net of Allowance for Credit Losses of $32 at March 31, 2021 and $32 at December 31, 2020 793 826
Inventory, Net 676 717
Other Assets, Current 346 349
Total Current Assets 3,158 3,177
Property, Plant and Equipment, Net of Accumulated Depreciation of $430 at March 31, 2021 and $367 at December 31, 2020 1,170 1,236
Intangible Assets, Net of Accumulated Amortization of $212 at March 31, 2021 and $173 at December 31, 2020 771 810
Operating Lease, Right-of-Use Asset 128 138
Other Assets, Noncurrent 68 73
Total Assets 5,295 5,434
Liabilities:    
Short-term Debt 11 13
Accounts Payable, Current 330 325
Employee-related Liabilities, Current 253 297
Taxes Payable, Current 194 185
Operating Lease, Liability, Current 67 71
Other Current Liabilities 509 471
Total Current Liabilities 1,364 1,362
Long-term Debt and Lease Obligation 2,602 2,601
Operating Lease, Liability, Noncurrent 159 177
Other Liabilities, Noncurrent 349 357
Total Liabilities 4,474 4,497
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at March 31, 2021 and December 31, 2020 0 0
Additional Paid in Capital, Common Stock 2,897 2,897
Retained Earnings (Accumulated Deficit) (2,063) (1,947)
Accumulated Other Comprehensive Income (Loss), Net of Tax (47) (43)
Weatherford Shareholders’ Equity 787 907
Noncontrolling Interests 34 30
Total Shareholders’ Equity 821 937
Total Liabilities and Shareholders’ Equity $ 5,295 $ 5,434