Revenues (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2021

Sep. 30, 2021

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, 2021 and 2020 and includes equipment revenues recognized under lease accounting standards of $34 million and $97 million in the three and nine months ended September 30, 2021, respectively, and $30 million and $119 million for the three and nine months ended September 30, 2020, respectively.

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2021		2020		2021		2020
Product Line Revenue for Western Hemisphere
Completion and Production	$	239	$	170	$	695	$	632
Drilling, Evaluation and Intervention	202		146		561		582
Total Western Hemisphere Revenue	441		316		$	1,256	$	1,214
Product Line Revenue for Eastern Hemisphere
Completion and Production	221		241		$	633	$	783
Drilling, Evaluation and Intervention	283		250		791		846
Total Eastern Hemisphere Revenue	504		491		$	1,424	$	1,629
Total Revenues	$	945	$	807	$	2,680	$	2,843

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2021		2020		2021		2020
Revenue by Geographic Areas:
North America	$	224	$	175	$	658	$	688
Latin America	217		141		598		526
Western Hemisphere	441		316		$	1,256	$	1,214
Middle East & North Africa and Asia	312		319		$	868	$	1,063
Europe/Sub-Sahara Africa/Russia	192		172		556		566
Eastern Hemisphere	504		491		$	1,424	$	1,629
Total Revenues	$	945	$	807	$	2,680	$	2,843

Schedule of Contract with Customer, Asset and Liability

(Dollars in millions)	9/30/2021		12/31/2020
Receivables for Product and Services in Accounts Receivable, Net	$	782	$	792
Total Accounts Receivables	$	816	$	826
Contract Liabilities	$	31	$	37

Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

In the following table, estimated revenue for contracts with original performance obligations greater than twelve months are expected to be recognized in the future related to performance obligations that are either unsatisfied or partially unsatisfied as of September 30, 2021.

(Dollars in millions)	2021		2022		2023		2024		Thereafter		Total
Service Revenue	$	17	$	66	$	55	$	57	$	65	$	260