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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Total Revenue $ 1,358 $ 1,186
Costs and Expenses:    
Research and Development 31 26
Selling, General and Administrative 205 190
Other Charges (Credits) 5 (5)
Total Costs and Expenses 1,125 1,001
Operating Income 233 185
Interest Expense, Net of Interest Income of $14 and $16 (29) (31)
Other Expense, Net (22) (35)
Income Before Income Taxes 182 119
Income Tax Provision (59) (38)
Net Income 123 81
Net Income Attributable to Noncontrolling Interests 11 9
Net Income Attributable to Weatherford $ 112 $ 72
Basic Income per Share (in dollars per share) $ 1.54 $ 1.00
Basic Weighted Average Shares Outstanding (in shares) 72.9 71.5
Diluted Income per Share (in dollars per share) $ 1.50 $ 0.97
Diluted Weighted Average Shares Outstanding (in shares) 74.7 73.5
Services    
Revenue:    
Total Revenue $ 865 $ 741
Costs and Expenses:    
Cost of Services and Products 527 450
Products    
Revenue:    
Total Revenue 493 445
Costs and Expenses:    
Cost of Services and Products $ 357 $ 340