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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets, Current [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 841 $ 951
Restricted Cash 215 162
Accounts Receivable, Net of Allowance for Credit Losses of $35 at March 31, 2022 and $31 at December 31, 2021 868 825
Inventory, Net 684 670
Other Assets, Current 281 303
Total Current Assets 2,889 2,911
Property, Plant and Equipment, Net of Accumulated Depreciation of $661 at March 31, 2022 and $623 at December 31, 2021 964 996
Intangible Assets, Net of Accumulated Amortization of $367 at March 31, 2022 and $328 at December 31, 2021 619 657
Operating Lease, Right-of-Use Asset 119 113
Other Assets, Noncurrent 93 97
Total Assets 4,684 4,774
Liabilities:    
Short-term Debt 13 12
Accounts Payable, Current 385 380
Employee-related Liabilities, Current 261 343
Taxes Payable, Current 140 140
Operating Lease, Liability, Current 56 59
Other Current Liabilities 445 398
Total Current Liabilities 1,300 1,332
Long-term Debt and Lease Obligation 2,416 2,416
Operating Lease, Liability, Noncurrent 130 128
Accrued Income Taxes, Noncurrent 272 264
Other Liabilities, Noncurrent 140 138
Total Liabilities 4,258 4,278
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at March 31, 2022 and December 31, 2021 0 0
Additional Paid in Capital, Common Stock 2,908 2,904
Retained Earnings (Accumulated Deficit) (2,477) (2,397)
Accumulated Other Comprehensive Income (Loss), Net of Tax (35) (35)
Weatherford Shareholders’ Equity 396 472
Noncontrolling Interests 30 24
Total Shareholders’ Equity 426 496
Total Liabilities and Shareholders’ Equity $ 4,684 $ 4,774