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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets, Current [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 933 $ 951
Restricted Cash 210 162
Accounts Receivable, Net of Allowance for Credit Losses of $30 at June 30, 2022 and $31 at December 31, 2021 927 825
Inventory, Net 723 670
Other Assets, Current 270 303
Total Current Assets 3,063 2,911
Property, Plant and Equipment, Net of Accumulated Depreciation of $718 at June 30, 2022 and $623 at December 31, 2021 908 996
Intangible Assets, Net of Accumulated Amortization of $403 at June 30, 2022 and $328 at December 31, 2021 540 657
Operating Lease, Right-of-Use Asset 111 113
Other Assets, Noncurrent 85 97
Total Assets 4,707 4,774
Liabilities:    
Short-term Debt 14 12
Accounts Payable, Current 425 380
Employee-related Liabilities, Current 337 343
Taxes Payable, Current 138 140
Operating Lease, Liability, Current 46 59
Other Current Liabilities 424 398
Total Current Liabilities 1,384 1,332
Long-term Debt and Lease Obligation 2,366 2,416
Operating Lease, Liability, Noncurrent 114 128
Accrued Income Taxes, Noncurrent 228 264
Other Liabilities, Noncurrent 143 138
Total Liabilities 4,235 4,278
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 71 shares at September 30, 2022 and 70 at December 31, 2021 0 0
Additional Paid in Capital, Common Stock 2,923 2,904
Retained Earnings (Accumulated Deficit) (2,443) (2,397)
Accumulated Other Comprehensive Income (Loss), Net of Tax (27) (35)
Weatherford Shareholders’ Equity 453 472
Noncontrolling Interests 19 24
Total Shareholders’ Equity 472 496
Total Liabilities and Shareholders’ Equity $ 4,707 $ 4,774
Common Stock, Shares, Issued 71 70
Common Stock, Shares, Outstanding 71 70