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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets, Current [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 1,217 $ 1,118
Restricted Cash 170 167
Receivables, Net, Current 782 826
Inventory, Net 662 717
Other Assets, Current 295 349
Total Current Assets 3,126 3,177
Property, Plant and Equipment, Net of Accumulated Depreciation of $505 at June 30, 2021 and $367 at December 31, 2020 1,108 1,236
Intangible Assets, Net of Accumulated Amortization of $251 at June 30, 2021 and $173 at December 31, 2020 734 810
Operating Lease, Right-of-Use Asset 126 138
Other Assets, Noncurrent 66 73
Total Assets 5,160 5,434
Liabilities:    
Short-term Debt 10 13
Accounts Payable, Current 348 325
Employee-related Liabilities, Current 287 297
Taxes Payable, Current 140 185
Operating Lease, Liability, Current 68 71
Other Current Liabilities 390 471
Total Current Liabilities 1,243 1,362
Long-term Debt and Lease Obligation 2,605 2,601
Operating Lease, Liability, Noncurrent 149 177
Other Liabilities, Noncurrent 404 357
Total Liabilities 4,401 4,497
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at June 30, 2021 and December 31, 2020 0 0
Additional Paid in Capital, Common Stock 2,899 2,897
Retained Earnings (Accumulated Deficit) (2,141) (1,947)
Accumulated Other Comprehensive Income (Loss), Net of Tax (32) (43)
Weatherford Shareholders’ Equity 726 907
Noncontrolling Interests 33 30
Total Shareholders’ Equity 759 937
Total Liabilities and Shareholders’ Equity $ 5,160 $ 5,434