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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and Cash Equivalents $ 824 $ 958
Restricted Cash 113 105
Accounts Receivable, Net of Allowance for Credit Losses of $16 at March 31, 2024 and $16 at December 31, 2023 1,251 1,216
Inventories, Net 850 788
Other Current Assets 274 278
Total Current Assets 3,312 3,345
Property, Plant and Equipment, Net of Accumulated Depreciation of $900 at March 31, 2024 and $883 at December 31, 2023 988 957
Intangibles, Net of Accumulated Amortization of $678 at March 31, 2024 and $639 at December 31, 2023 417 370
Operating Lease Assets 135 138
Other Non-Current Assets 238 258
Total Assets 5,090 5,068
Liabilities:    
Current Portion of Long-term Debt 101 168
Accounts Payable 716 679
Accrued Salaries and Benefits 298 387
Income Taxes Payable 147 138
Current Portion of Operating Lease Liabilities 47 46
Other Current Liabilities 491 448
Total Current Liabilities 1,800 1,866
Long-term Debt 1,629 1,715
Operating Lease Liabilities 124 131
Non-current Taxes Payable 286 282
Other Non-Current Liabilities 151 152
Total Liabilities 3,990 4,146
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 73.2 shares at March 31, 2024 and 72.1 at December 31, 2023 0 0
Capital in Excess of Par Value 2,985 2,906
Retained Deficit (1,842) (1,954)
Accumulated Other Comprehensive Loss (52) (28)
Weatherford Shareholders’ Equity 1,091 924
Noncontrolling Interests 9 (2)
Total Shareholders’ Equity 1,100 922
Total Liabilities and Shareholders’ Equity $ 5,090 $ 5,068