XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total Revenues $ 1,186 $ 938
Costs and Expenses:    
Research and Development 26 21
Selling, General and Administrative 190 178
Restructuring Charges 0 20
Other Nonrecurring (Income) Expense (5) 19
Total Costs and Expenses 1,001 920
Operating Income 185 18
Interest Income (Expense), Net (31) (48)
Other Cost and Expense, Operating (35) (16)
Income (Loss) Before Income Taxes 119 (46)
Income Tax Provision (38) (28)
Net Income (Loss) 81 (74)
Net Income Attributable to Noncontrolling Interests 9 6
Net Income (Loss) Attributable to Weatherford $ 72 $ (80)
Earnings Per Share, Basic $ 1.00 $ (1.14)
Weighted Average Number of Shares Outstanding, Basic 72 70
Earnings Per Share, Diluted $ 0.97 $ (1.14)
Weighted Average Number of Shares Outstanding, Diluted 74 70
Noncontrolling Interests    
Costs and Expenses:    
Net Income (Loss) $ 9 $ 6
Retained Earnings    
Costs and Expenses:    
Net Income (Loss) 72 (80)
Product [Member]    
Revenues:    
Total Revenues 445 345
Costs and Expenses:    
Cost of Goods and Services Sold 340 297
Service [Member]    
Revenues:    
Total Revenues 741 593
Costs and Expenses:    
Cost of Goods and Services Sold $ 450 $ 385