Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Financial information by segment

	Year Ended December 31,
(Dollars in millions)	2022		2021		2020
Revenues:
Drilling and Evaluation	$	1,328	$	1,066	$	1,044
Well Construction and Completions	1,521		1,353		1,414
Production and Intervention	1,395		1,127		1,106
Segment Revenues	4,244		3,546		3,564
All Other	87		99		121
Total Revenues	$	4,331	$	3,645	$	3,685
Segment Adjusted EBITDA:
Drilling and Evaluation	$	324	$	186	$	132
Well Construction and Completions	299		256		273
Production and Intervention	261		191		154
Segment Adjusted EBITDA	$	884	$	633	$	559
Corporate and Other	(67)		(62)		(100)
Depreciation and Amortization	(349)		(440)		(503)
Share-based Compensation Expense (a)	(25)		(25)		—
Other Adjustments (b) :
Long-Lived and Other Asset Impairment	$	—	$	—	$	(1,053)
Restructuring Charges	(22)		—		(206)
Other (Charges) Credits	(9)		10		(183)
Other Adjustments	$	(31)	$	10	$	(1,442)
Operating Income (Loss)	$	412	$	116	$	(1,486)

(a)See “Note 15 – Share-Based Compensation” for additional information.

(b)See “Note 4 – Goodwill and Long-Lived Assets Impairment” and “Note 5 – Restructuring Charges” for

additional information. During 2020, segment adjusted EBITDA for Well Construction and Completions included

a $12 million gain on sale of operational assets otherwise shown as part of “Other Charges (Credits)” on the

accompanying Consolidated Statements of Operations.

	Year Ended December 31,
(Dollars in millions)	2022		2021		2020
Depreciation and Amortization:
Drilling and Evaluation	$	112	$	164	$	183
Well Construction and Completions	99		123		151
Production and Intervention	86		102		112
Corporate and Other	52		51		57
Total Depreciation and Amortization	$	349	$	440	$	503
Capital Expenditures:
Drilling and Evaluation	$	54	$	18	$	27
Well Construction and Completions	35		18		23
Production and Intervention	32		36		73
Corporate and Other	11		13		31
Total Capital Expenditures	$	132	$	85	$	154

	December 31,
(Dollars in millions)	2022		2021
Total Assets:
Drilling and Evaluation	$	713	$	783
Well Construction and Completions	993		974
Production and Intervention	729		686
Total Reportable Segment Assets	2,435		2,443
Corporate and Other (a)	2,285		2,331
Total	$	4,720	$	4,774

(a) Corporate and other assets primarily include cash and cash equivalents, certain intangible assets, and centrally

managed or shared facilities.

Long-lived Assets by Geographic Areas

As of December 31, 2022 and 2021 the U.S. accounted for 22% and 23%, respectively, of our PP&E, Net and operating lease assets identifiable by geography. No other country accounted for more than 10% of our PP&E, Net and operating lease assets identifiable by geography as of December 31, 2022 and 2021. We had no PP&E, Net and operating lease assets in our country of domicile (Ireland) as of December 31, 2022 and 2021.

	December 31,
(Dollars in millions)	2022		2021
North America (a)	$	246	$	269
Latin America	176		163
Middle East/North Africa/Asia	354		385
Europe/Sub-Sahara Africa/Russia	239		267
PP&E, Net and Operating Lease Assets by Geography (b)	$	1,015	$	1,084

(a) North America consists of the U.S. and Canada.

(b) Corporate assets not allocated by geography are excluded from this total.