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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets, Current [Abstract]    
Cash and Cash Equivalents $ 839 $ 910
Restricted Cash 107 202
Accounts Receivable, Net of Allowance for Credit Losses of $15 at September 30, 2023 and $26 at December 31, 2022 1,261 989
Inventory, Net 776 689
Other Assets, Current 237 253
Total Current Assets 3,220 3,043
Property, Plant and Equipment, Net of Accumulated Depreciation of $843 at September 30, 2023 and $773 at December 31, 2022 922 918
Intangible Assets, Net of Accumulated Amortization of $597 at September 30, 2023 and $480 at December 31, 2022 404 506
Operating Lease Assets 132 115
Other Non-Current Assets 217 138
Total Assets 4,895 4,720
Liabilities:    
Short-term Debt 91 45
Accounts Payable, Current 620 460
Employee-related Liabilities, Current 339 367
Taxes Payable, Current 180 141
Operating Lease, Liability, Current 43 44
Other Current Liabilities 458 413
Total Current Liabilities 1,731 1,470
Long-term Debt and Lease Obligation 1,864 2,203
Operating Lease, Liability, Noncurrent 129 117
Accrued Income Taxes, Noncurrent 262 251
Other Liabilities, Noncurrent 146 128
Total Liabilities 4,132 4,169
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 72 shares at September 30, 2023 and 71 at December 31, 2022 0 0
Additional Paid in Capital, Common Stock 2,900 2,928
Retained Earnings (Accumulated Deficit) (2,094) (2,371)
Accumulated Other Comprehensive Income (Loss), Net of Tax (64) (22)
Weatherford Shareholders’ Equity 742 535
Noncontrolling Interests 21 16
Total Shareholders’ Equity 763 551
Total Liabilities and Shareholders’ Equity $ 4,895 $ 4,720