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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total Revenue $ 1,409 $ 1,313 $ 4,172 $ 3,773
Costs and Expenses:        
Research and Development 33 30 95 83
Selling, General and Administrative 203 211 624 599
Other Charges (Credits) 13 (5) 21 (9)
Total Costs and Expenses 1,166 1,095 3,432 3,169
Operating Income 243 218 740 604
Interest Expense, Net of Interest Income of $13, $15, $44, and $47 (24) (30) (77) (92)
Loss on Blue Chip Swap Securities 0 0 (10) (57)
Other Expense, Net (41) (24) (83) (98)
Income Before Income Taxes 178 164 570 357
Income Tax Provision (12) (33) (144) (55)
Net Income 166 131 426 302
Net Income Attributable to Noncontrolling Interests 9 8 32 25
Net Income Attributable to Weatherford $ 157 $ 123 $ 394 $ 277
Basic Income per Share (in dollars per share) $ 2.14 $ 1.70 $ 5.39 $ 3.85
Basic Weighted Average Shares Outstanding (in shares) 73.2 72.1 73.1 71.9
Diluted Income per Share (in dollars per share) $ 2.06 $ 1.66 $ 5.25 $ 3.76
Diluted Weighted Average Shares Outstanding (in shares) 75.2 73.7 75.0 73.6
Services        
Revenue:        
Total Revenue $ 869 $ 805 $ 2,596 $ 2,340
Costs and Expenses:        
Cost of Services and Products 523 492 1,550 1,441
Products        
Revenue:        
Total Revenue 540 508 1,576 1,433
Costs and Expenses:        
Cost of Services and Products $ 394 $ 367 $ 1,142 $ 1,055