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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total Revenue $ 1,313 $ 1,120 $ 3,773 $ 3,122
Costs and Expenses:        
Research and Development 30 23 83 66
Selling, General and Administrative 211 201 599 575
Other Charges (Credits) (5) 0 (9) 25
Total Costs and Expenses 1,095 999 3,169 2,879
Operating Income 218 121 604 243
Interest Expense, Net of Interest Income of $15, $8, $47 and $19 (30) (44) (92) (140)
Loss on Blue Chip Swap Securities 0 0 (57) 0
Other Expense, Net (24) (14) (98) (62)
Income Before Income Taxes 164 63 357 41
Income Tax Provision (33) (26) (55) (66)
Net Income (Loss) 131 37 302 (25)
Net Income Attributable to Noncontrolling Interests 8 9 25 21
Net Income (Loss) Attributable to Weatherford $ 123 $ 28 $ 277 $ (46)
Earnings Per Share, Basic $ 1.70 $ 0.39 $ 3.85 $ (0.65)
Weighted Average Number of Shares Outstanding, Basic 72 71 72 71
Earnings Per Share, Diluted $ 1.66 $ 0.39 $ 3.76 $ (0.65)
Weighted Average Number of Shares Outstanding, Diluted 74 72 74 71
Service [Member]        
Revenue:        
Total Revenue $ 805 $ 698 $ 2,340 $ 1,947
Costs and Expenses:        
Cost of Goods and Services Sold 492 440 1,441 1,243
Product [Member]        
Revenue:        
Total Revenue 508 422 1,433 1,175
Costs and Expenses:        
Cost of Goods and Services Sold $ 367 $ 335 $ 1,055 $ 970