Income per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

A reconciliation of the number of shares used for the basic and diluted income per share calculation was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in millions, except per share amounts)	2024		2023		2024		2023
Net Income Attributable to Weatherford	$	157	$	123	$	394	$	277
Less: Impact of Acquisition Contingent Consideration (1)	(2)		—		—		—
Net Income Attributable to Weatherford and Available to Shareholders	$	155	$	123	$	394	$	277
Basic Weighted Average Shares Outstanding	73.2		72.1		73.1		71.9
Dilutive Effect of Awards Granted in Stock Incentive Plan	1.9		1.6		1.9		1.7
Dilutive Effect of Acquisition Contingent Consideration (1)	0.1		—		—		—
Diluted Weighted Average Shares Outstanding	75.2		73.7		75.0		73.6
Basic Income per Share	$	2.14	$	1.70	$	5.39	$	3.85
Diluted Income per Share (1)	$	2.06	$	1.66	$	5.25	$	3.76
Anti-dilutive Weighted Average Shares:
Warrants	—		7.8		—		7.8
Equity Awards	0.3		0.4		0.4		0.8
Total Anti-dilutive Weighted Average Shares	0.3		8.2		0.4		8.6

[1]Included the maximum potentially dilutive shares contingently issuable for an acquisition consideration during the three months ended September 30,2024, the value of which was adjusted out of Net Income Attributable to Weatherford in calculating diluted income per share.