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Revenue
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
3 – Revenue

Disaggregated Revenue

For additional details on our revenue recognition policies see “Note 1 – Summary of Significant Accounting Policies.”

The following tables disaggregate our revenue from contracts with customers by geographic region and includes equipment rental revenue. Equipment rental revenue were $151 million, $142 million and $146 million in 2024, 2023 and 2022, respectively.

During 2024 and 2023, Mexico accounted for 12% and 13% of total revenue, respectively, driven by our largest customer, which accounted for 10% of our total revenue in each year, respectively. During 2024, 2023 and 2022, the U.S. accounted for 15%, 16% and 20% of total revenue, respectively. During 2024, the Kingdom of Saudi Arabia accounted for 10% of total revenue. No other country or individual customer accounted for more than 10% of our total revenue in 2024, 2023 and 2022. We had no revenue in our country of domicile (Ireland) in 2024, 2023 and 2022.
Year Ended December 31,
(Dollars in millions)202420232022
Revenue by Geographic Areas:
North America (a)
$1,046 $1,068 $1,104 
International
4,467 4,067 3,227 
  Latin America
1,393 1,387 1,062 
  Europe/Sub-Sahara Africa/Russia
951 865 764 
  Middle East/North Africa/Asia
2,123 1,815 1,401 
Total Revenue
$5,513 $5,135 $4,331 
(a) North America consists of the U.S. and Canada.

Contract Balances

The timing of our revenue recognition, billings and cash collections result in the recording of accounts receivable, contract assets, and contract liabilities. The following table summarizes these balances as of December 31, 2024, and December 31, 2023:
December 31,
(Dollars in millions)20242023
Receivables for Product and Services in Accounts Receivable, Net$1,232 $1,182 
Receivables for Equipment Rentals in Account Receivable, Net$29 $34 
Accounts Receivable, Net of Allowance for Credit Losses of $8 at December 31, 2024 and $16 at December 31, 2023
$1,261 $1,216 
Contract Assets in Other Current Assets$61 $61 
Contract Assets in Other Non-Current Assets$34 $24 
Contract Liabilities in Other Current Liabilities$51 $58 
Contract Liabilities in Other Non-Current Liabilities$2 $5