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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets, Current [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 879 $ 951
Restricted Cash 211 162
Accounts Receivable, Net of Allowance for Credit Losses of $30 at June 30, 2022 and $31 at December 31, 2021 930 825
Inventory, Net 716 670
Other Assets, Current 274 303
Total Current Assets 3,010 2,911
Property, Plant and Equipment, Net of Accumulated Depreciation of $718 at June 30, 2022 and $623 at December 31, 2021 939 996
Intangible Assets, Net of Accumulated Amortization of $403 at June 30, 2022 and $328 at December 31, 2021 579 657
Operating Lease, Right-of-Use Asset 115 113
Other Assets, Noncurrent 92 97
Total Assets 4,735 4,774
Liabilities:    
Short-term Debt 64 12
Accounts Payable, Current 448 380
Employee-related Liabilities, Current 291 343
Taxes Payable, Current 142 140
Operating Lease, Liability, Current 53 59
Other Current Liabilities 385 398
Total Current Liabilities 1,383 1,332
Long-term Debt and Lease Obligation 2,366 2,416
Operating Lease, Liability, Noncurrent 121 128
Accrued Income Taxes, Noncurrent 239 264
Other Liabilities, Noncurrent 135 138
Total Liabilities 4,244 4,278
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 70 shares at June 30, 2022 and December 31, 2021 0 0
Additional Paid in Capital, Common Stock 2,913 2,904
Retained Earnings (Accumulated Deficit) (2,471) (2,397)
Accumulated Other Comprehensive Income (Loss), Net of Tax 24 (35)
Weatherford Shareholders’ Equity 466 472
Noncontrolling Interests 25 24
Total Shareholders’ Equity 491 496
Total Liabilities and Shareholders’ Equity $ 4,735 $ 4,774