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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Revenues $ 5,135 $ 4,331 $ 3,645
Costs and Expenses:      
Research and Development 112 90 85
Selling, General and Administrative 804 778 738
Total Other Charges (Credits) 4 31 (10)
Total Costs and Expenses 4,315 3,919 3,529
Operating Income (Loss), Total 820 412 116
Other Income (Expense):      
Interest Expense, Net of Interest Income of $59, $31 and $20 (123) (179) (260)
Loss on Blue Chip Swap Securities (57) 0 0
Loss on Extinguishment of Debt and Bond Redemption Premium (5) (5) (170)
Other Expense, Net (129) (90) (29)
Income (Loss) Before Income Taxes 506 138 (343)
Income Tax Provision (57) (87) (86)
Net Income (Loss) 449 51 (429)
Net Income Attributable to Noncontrolling Interests 32 25 21
Net Income (Loss) Attributable to Weatherford $ 417 $ 26 $ (450)
Basic Income (Loss) Per Share Attributable to Weatherford (in dollars per share) $ 5.79 $ 0.37 $ (6.43)
Basic Weighted Average Shares Outstanding (in shares) 72 71 70
Diluted Income (Loss) Per Share Attributable to Weatherford (in dollars per share) $ 5.66 $ 0.36 $ (6.43)
Diluted Weighted Average Shares Outstanding (in shares) 74 72 70
Product      
Revenue:      
Revenues $ 1,956 $ 1,633 $ 1,292
Costs and Expenses:      
Cost of Goods and Services Sold 1,430 1,332 1,169
Service      
Revenue:      
Revenues 3,179 2,698 2,353
Costs and Expenses:      
Cost of Goods and Services Sold $ 1,965 $ 1,688 $ 1,547