Revenues (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates our revenues from contracts with customers by geographic region and includes equipment rental revenues. North America in the table below consists of the U.S. and Canada.

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2022		2021		2022		2021
Revenues by Geographic Areas:
Middle East/North Africa/Asia	$	354	$	312	$	1,014	$	868
North America	297		224		803		658
Latin America	280		217		772		598
Europe/Sub-Sahara Africa/Russia	189		192		533		556
Total Revenues	$	1,120	$	945	$	3,122	$	2,680

Schedule of Contract with Customer, Asset and Liability

Contract Balances

The timing of our revenue recognition, billings and cash collections result in the recording of accounts receivable, contract assets, and contract liabilities. The following table summarizes these balances as of September 30, 2022 and December 31, 2021:

(Dollars in millions)	September 30, 2022		December 31, 2021
Receivables for Product and Services in Accounts Receivable, Net	$	893	$	795
Receivables for Equipment Rentals in Account Receivable, Net	$	34	$	30
Accounts Receivable, Net	$	927	$	825
Contract Assets in Other Current Assets	$	31	$	47
Contract Assets in Other Non-Current Assets	$	19	$	14
Contract Liabilities in Other Current Liabilities (a)	$	43	$	45

(a)Revenues recognized during the nine months ended September 30, 2022 and 2021 that were included in the contract liabilities balance at the beginning of each year were approximately $35 million and $28 million, respectively.