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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Revenue $ 5,513 $ 5,135 $ 4,331
Costs and Expenses:      
Research and Development 123 112 90
Selling, General and Administrative 791 804 778
Other Charges 56 4 31
Total Costs and Expenses 4,575 4,315 3,919
Operating Income 938 820 412
Other Income (Expense):      
Interest Expense, Net of Interest Income of $56, $59 and $31 (102) (123) (179)
Loss on Blue Chip Swap Securities (10) (57) 0
Other Expense, Net (87) (134) (95)
Income Before Income Taxes 739 506 138
Income Tax Provision (189) (57) (87)
Net Income 550 449 51
Net Income Attributable to Noncontrolling Interests 44 32 25
Net Income Attributable to Weatherford $ 506 $ 417 $ 26
Basic Income Per Share Attributable to Weatherford (in dollars per share) $ 6.93 $ 5.79 $ 0.37
Basic Weighted Average Shares Outstanding (in shares) 73.0 71.9 70.5
Diluted Income Per Share Attributable to Weatherford (in dollars per share) $ 6.75 $ 5.66 $ 0.36
Diluted Weighted Average Shares Outstanding (in shares) 74.9 73.6 71.6
Services      
Revenue:      
Revenue $ 3,393 $ 3,179 $ 2,698
Costs and Expenses:      
Cost of Services and Products 2,048 1,965 1,688
Product      
Revenue:      
Revenue 2,120 1,956 1,633
Costs and Expenses:      
Cost of Services and Products $ 1,557 $ 1,430 $ 1,332