XML 22 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Assets, Current [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 1,291 $ 1,118
Restricted Cash 155 167
Receivables, Net, Current 816 826
Inventory, Net 681 717
Other Assets, Current 301 349
Total Current Assets 3,244 3,177
Property, Plant and Equipment, Net of Accumulated Depreciation of $570 at September 30, 2021 and $367 at December 31, 2020 1,022 1,236
Intangible Assets, Net of Accumulated Amortization of $289 at September 30, 2021 and $173 at December 31, 2020 695 810
Operating Lease, Right-of-Use Asset 117 138
Other Assets, Noncurrent 70 73
Total Assets 5,148 5,434
Liabilities:    
Short-term Debt 211 13
Accounts Payable, Current 350 325
Employee-related Liabilities, Current 317 297
Taxes Payable, Current 139 185
Operating Lease, Liability, Current 63 71
Other Current Liabilities 444 471
Total Current Liabilities 1,524 1,362
Long-term Debt and Lease Obligation 2,431 2,601
Operating Lease, Liability, Noncurrent 135 177
Other Liabilities, Noncurrent 411 357
Total Liabilities 4,501 4,497
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at September 30, 2021 and December 31, 2020 0 0
Additional Paid in Capital, Common Stock 2,900 2,897
Retained Earnings (Accumulated Deficit) (2,236) (1,947)
Accumulated Other Comprehensive Income (Loss), Net of Tax (43) (43)
Weatherford Shareholders’ Equity 621 907
Noncontrolling Interests 26 30
Total Shareholders’ Equity 647 937
Total Liabilities and Shareholders’ Equity $ 5,148 $ 5,434