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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total Revenues $ 1,120 $ 945 $ 3,122 $ 2,680
Costs and Expenses:        
Research and Development 23 21 66 63
Selling, General and Administrative 201 175 575 551
Restructuring Charges 2 0 22 0
Other Nonrecurring (Income) Expense (2) (8) 3 (16)
Total Costs and Expenses 999 874 2,879 2,597
Operating Income 121 71 243 83
Interest Income (Expense), Net (44) (69) (140) (211)
Gain (loss) on extinguishment of debt and bond redemption charges (2) (59) (2) (59)
Other Nonoperating Income (Expense) (12) (4) (60) (19)
Income (Loss) Before Income Taxes 63 (61) 41 (206)
Income Tax Provision (26) (28) (66) (66)
Net Income (Loss) 37 (89) (25) (272)
Net Income Attributable to Noncontrolling Interests 9 6 21 17
Net Income (Loss) Attributable to Weatherford $ 28 $ (95) $ (46) $ (289)
Earnings Per Share, Basic $ 0.39 $ (1.36) $ (0.65) $ (4.13)
Earnings Per Share, Diluted $ 0.39 $ (1.36) $ (0.65) $ (4.13)
Weighted Average Number of Shares Outstanding, Basic 71 70 71 70
Weighted Average Number of Shares Outstanding, Diluted 72 70 71 70
Product [Member]        
Revenues:        
Total Revenues $ 422 $ 322 $ 1,175 $ 946
Costs and Expenses:        
Cost of Goods and Services Sold 335 279 970 844
Service [Member]        
Revenues:        
Total Revenues 698 623 1,947 1,734
Costs and Expenses:        
Cost of Goods and Services Sold $ 440 $ 407 $ 1,243 $ 1,155