CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash and Cash Equivalents	$ 951	$ 1,118
Restricted Cash	162	167
Total Accounts Receivables, Net	825	826
Inventories, Net	670	717
Other Current Assets	303	349
Total Current Assets	2,911	3,177
Property, Plant and Equipment, Net of Accumulated Depreciation of $623 at December 31, 2021 and $367 at December 31, 2020	996	1,236
Intangible Assets, Net of Accumulated Amortization of $328 at December 31, 2021 and $173 at December 31, 2020	657	810
Operating Lease Right-of-Use Assets	113	138
Other Non-current Assets	97	73
Total Assets	4,774	5,434
Liabilities:
Short-term Borrowings and Current Portion of Long-term Debt	12	13
Accounts Payable	380	325
Accrued Salaries and Benefits	343	297
Income Taxes Payable	140	185
Current Portion of Operating Lease Liabilities	59	71
Other Current Liabilities	398	471
Total Current Liabilities	1,332	1,362
Long-term Debt	2,416	2,601
Operating Lease Liabilities	128	177
Other Non-current Liabilities	402	357
Total Liabilities	4,278	4,497
Shareholders’ Equity:
Ordinary Shares - Par value $0.001; Authorized 1,356, Issued and Outstanding 70 at December 31, 2021 and 2020	0	0
Capital in Excess of Par Value	2,904	2,897
Retained Deficit	(2,397)	(1,947)
Accumulated Other Comprehensive Loss	(35)	(43)
Weatherford Shareholders’ Equity	472	907
Noncontrolling Interests	24	30
Total Shareholders’ Equity	496	937
Total Liabilities and Shareholders’ Equity	$ 4,774	$ 5,434