CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets:
Cash and Cash Equivalents	$ 910	$ 951
Restricted Cash	202	162
Accounts Receivable, Net of Allowance for Credit Losses of $26 at December 31, 2022 and $31 at December 31, 2021	989	825
Inventories, Net	689	670
Other Current Assets	253	303
Total Current Assets	3,043	2,911
Property, Plant and Equipment, Net of Accumulated Depreciation of $773 at December 31, 2022 and $623 at December 31, 2021	918	996
Intangible Assets, Net of Accumulated Amortization of $480 at December 31, 2022 and $328 at December 31, 2021	506	657
Operating Lease Assets	115	113
Other Non-current Assets	138	97
Total Assets	4,720	4,774
Liabilities:
Short-term Borrowings and Current Portion of Long-term Debt	45	12
Accounts Payable	460	380
Accrued Salaries and Benefits	367	343
Income Taxes Payable	141	140
Current Portion of Operating Lease Liabilities	44	59
Other Current Liabilities	413	398
Total Current Liabilities	1,470	1,332
Long-term Debt	2,203	2,416
Operating Lease Liabilities	117	128
Other Non-current Liabilities	379	402
Total Liabilities	4,169	4,278
Shareholders’ Equity:
Ordinary Shares - Par value $0.001; Authorized 1,356, Issued and Outstanding 71 at December 31, 2022 and 70 at December 31, 2021	0	0
Capital in Excess of Par Value	2,928	2,904
Retained Deficit	(2,371)	(2,397)
Accumulated Other Comprehensive Loss	(22)	(35)
Weatherford Shareholders’ Equity	535	472
Noncontrolling Interests	16	24
Total Shareholders’ Equity	551	496
Total Liabilities and Shareholders’ Equity	$ 4,720	$ 4,774