0001603923-25-000050 | 10-K | XBRL Viewer | Weatherford International PLC

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Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Event	19 – Subsequent Event On January 29, 2025, our Board of Directors declared a cash dividend of $0.25 per share of the Company’s ordinary shares, payable on March 19, 2025 to shareholders of record as of February 21, 2025.

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease Expense Components

The following table presents our lease expense components:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Lease Expense Components:
Operating Lease Expense	$	57	$	60	$	57
Short-term and Variable Lease Expense	205		174		90
Subtotal of Operating Lease Expense	$	262	$	234	$	147
Finance Lease Expense: Amortization of Assets and Interest on Lease Liabilities	24		19		18
Sublease Income	(2)		(2)		(3)
Total Lease Expense	$	284	$	251	$	162

Operating and Finance Lease Maturities

Future commitments under operating and finance leases are as follows:



	Operating		Finance
(Dollars in millions)	Leases		Leases
Maturity of Lease Liabilities as of December 31, 2024:
2025	$	53	$	20
2026	41		17
2027	28		10
2028	15		5
2029	13		1
After 2029	90		—
Total Lease Payments	240		53
Less: Interest	(87)		(5)
Present Value of Lease Liabilities	$	153	$	48

Supplemental Lease Disclosures


	Years Ended
(Dollars in millions except years and percentages)	12/31/2024			12/31/2023			12/31/2022
Other Supplemental Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	61		$	67		$	80
Operating cash outflows from finance leases	$	5		$	5		$	5
Financing cash outflows from finance leases	$	35		$	18		$	16

Assets obtained in exchange for:
Operating leases	$	32		$	70		$	50
Finance leases	$	34		$	16		$	18



Weighted-average remaining lease term (years)
Operating leases	8.9			8.4			8.8
Finance leases	3.1			3.1			3.9

Weighted-average discount rate (percentages)
Operating leases	8.6		%	8.8		%	9.1		%
Finance leases	6.8		%	8.2		%	8.5		%

Segment Information

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Information

2 – Segment Information

The Company's chief operating decision maker (“CODM”), our chief executive officer, regularly reviews information to make operating decisions, allocate resources and assess performance of the business. The CODM regularly reviews information aligned with how we offer our services and technologies in relation to the well life cycle as reflected in our reportable segments. All of our segments are enabled by a suite of digital monitoring, control and optimization solutions using advanced analytics to provide safe, reliable and efficient solutions throughout the well life cycle, including responsible abandonment. We have three reportable segments: (1) Drilling and Evaluation (2) Well Construction and Completions, and (3) Production and Intervention.

Drilling and Evaluation (“DRE”) offers a suite of services including managed pressure drilling, drilling services, wireline and drilling fluids. DRE offerings range from early well planning to reservoir management through innovative tools and expert engineering to optimize reservoir access and productivity.

Well Construction and Completions (“WCC”) offers products and services for well integrity assurance across the full life cycle of the well. The primary offerings are tubular running services, cementation products, completions, liner hangers and well services. WCC deploys conventional to advanced technologies, providing safe and efficient services in any environment during the well construction phase.

Production and Intervention (“PRI”) offers a suite of reservoir stimulation designs, and engineering capabilities that isolate zones and unlock reserves in conventional and unconventional wells, deep water, and aging reservoirs. The primary offerings are intervention services & drilling tools, artificial lift, digital solutions, sub-sea intervention and pressure pumping services in select markets.

Total revenues are from external customers and segment revenues are specific to our three reportable segments and all other revenues are specific to our non-operating segment revenues. Revenues are further described in “Note 3 – Revenue.”

The CODM uses segment adjusted EBITDA to measure the profitability of each segment. The regularly reviewed historical, current and forecasted segment adjusted EBITDA data is utilized by the CODM to allocate Company resources. The CODM also uses segment adjusted EBITDA to drive efficiencies and develop competitive strategies. Segment adjusted EBITDA is based on segment earnings before interest, taxes, depreciation, amortization, share-based compensation expense and other adjustments. All other includes results from non-core business activities (including integrated services and projects), and corporate includes overhead support and centrally managed or shared facilities costs. All other and corporate do not individually meet the criteria for segment reporting.


	Year Ended December 31, 2024
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	1,682	$	1,976	$	1,452	$	403	$	5,513

Direct Costs(a)	(1,007)		(1,174)		(955)
Other Expense(b)	(208)		(238)		(178)
DRE Segment Adjusted EBITDA	467								467
WCC Segment Adjusted EBITDA			564						564
PRI Segment Adjusted EBITDA					319				319

All Other									84
Corporate									(52)

Depreciation and Amortization									(343)
Share-based Compensation (c)									(45)







































Other Charges									(56)








Operating Income									$	938

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

(c)See “Note 13 – Share-Based Compensation” for additional information.


	Year Ended December 31, 2023
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	1,536	$	1,800	$	1,472	$	327	$	5,135

Direct Costs(a)	(920)		(1,091)		(953)
Other Expense(b)	(194)		(254)		(196)
DRE Segment Adjusted EBITDA	422								422
WCC Segment Adjusted EBITDA			455						455
PRI Segment Adjusted EBITDA					323				323

All Other									38
Corporate									(52)

Depreciation and Amortization									(327)
Share-based Compensation (c)									(35)







































Other Charges									(4)








Operating Income									$	820

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

(c)See “Note 13 – Share-Based Compensation” for additional information.


	Year Ended December 31, 2022
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	1,328	$	1,521	$	1,395	$	87	$	4,331

Direct Costs(a)	(833)		(995)		(950)
Other Expense(b)	(171)		(227)		(184)
DRE Segment Adjusted EBITDA	324								324
WCC Segment Adjusted EBITDA			299						299
PRI Segment Adjusted EBITDA					261				261

All Other									1
Corporate									(68)

Depreciation and Amortization									(349)
Share-based Compensation (c)									(25)







































Other Charges									(31)








Operating Income									$	412

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

(c)See “Note 13 – Share-Based Compensation” for additional information.


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Depreciation and Amortization:
DRE	$	113	$	102	$	112
WCC	93		95		99
PRI	91		84		86

Corporate and Other	46		46		52
Total Depreciation and Amortization	$	343	$	327	$	349

Capital Expenditures:
DRE	$	108	$	104	$	54
WCC	57		49		35
PRI	77		34		32
Corporate and Other	57		22		11
Total Capital Expenditures	$	299	$	209	$	132


	December 31,
(Dollars in millions)	2024		2023
Total Assets:
DRE	$	925	$	766
WCC	1,040		1,066
PRI	789		702

Corporate and Other (a)	2,405		2,534
Total	$	5,159	$	5,068
(a) Corporate and other total assets primarily include cash and cash equivalents, certain intangible assets, and centrally managed or shared facilities.

PP&E, Net and Operating Lease Assets by Geographic Area

As of December 31, 2024, and 2023 the U.S. accounted for 22% and 23%, respectively, and the Kingdom of Saudi Arabia accounted for 11% and 10%, respectively, of our PP&E, Net and operating lease assets identifiable by geography. No other country accounted for more than 10% of our PP&E, Net and operating lease assets identifiable by geography as of December 31, 2024 and 2023. We had no PP&E, Net and operating lease assets in our country of domicile (Ireland) as of December 31, 2024, and 2023.


	December 31,
(Dollars in millions)	2024		2023
North America (a)	$	293	$	280
Latin America	195		177
Middle East/North Africa/Asia	443		393
Europe/Sub-Sahara Africa/Russia	219		211
PP&E, Net and Operating Lease Assets by Geography (b)	$	1,150	$	1,061
(a) North America consists of the U.S. and Canada.
(b) Corporate assets not allocated by geography are excluded from this total.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Cover - USD ($) $ in Billions	12 Months Ended
Cover - USD ($) $ in Billions	Dec. 31, 2024	Feb. 01, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	001-36504
Entity Registrant Name	Weatherford International plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-0606750
Entity Address, Address Line One	2000 St. James Place,
Entity Address, City or Town	Houston,
Entity Address, Country	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	836.4000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Public Float			$ 6.6
Entity Common Stock, Shares Outstanding		72,846,372
Documents Incorporated by Reference	Certain information required to be furnished pursuant to Part III of this Form 10-K will be set forth in, and will be incorporated by reference from, Weatherford’s definitive proxy statement for the 2025 Annual General Meeting of Shareholders to be filed by Weatherford with the Securities and Exchange Commission (“SEC”) pursuant to Regulation 14A within 120 days after the registrant’s fiscal year ended December 31, 2024.
Entity Central Index Key	0001603923
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Employee Benefit Plans - Assumptions (Details)	Dec. 31, 2024	Dec. 31, 2023
United States Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.75%
United States Plans \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Discount rate		4.75%
United States Plans \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Discount rate		5.00%
International Plans \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.13%	2.90%
Rate of compensation increase	2.00%	2.00%
International Plans \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	10.60%	11.38%
Rate of compensation increase	3.00%	3.00%

Leases - Operating and Finance Lease Maturities Table (Details) $ in Millions	Dec. 31, 2024 USD ($)
Operating Leases
2025	$ 53
2026	41
2027	28
2028	15
2029	13
After 2029	90
Total Lease Payments	240
Less: Interest	(87)
Present Value of Lease Liabilities	153
Finance Leases
2025	20
2026	17
2027	10
2028	5
2029	1
After 2029	0
Total Lease Payments	53
Less: Interest	(5)
Present Value of Lease Liabilities	$ 48

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Interest income	$ 56	$ 59	$ 31

- Definition

Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities.

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+ Details

Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,118	$ 1,009
Accumulated amortization	(793)	(639)
Net intangible assets	325	370
Developed and Acquired Technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	718	614
Accumulated amortization	(592)	(479)
Net intangible assets	126	135
Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	400	395
Accumulated amortization	(201)	(160)
Net intangible assets	$ 199	$ 235

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The weighted average of assumptions used in the models were as follows:


	Year Ended December 31,
	2024		2023		2022
Risk-Free rate	4.3	%	3.8	%	3.2	%
Dividend Yield	n/a		n/a		n/a
Expected Volatility	54.0	%	62.0	%	63.0	%
Expected Life (in years)	2.8		2.6		2.5

Nonvested Restricted Stock Shares Activity

A summary of activity for non-vested RSUs, and PSUs at target and their respective WAGD FV during 2024 is presented below.


(Units in thousands, except dollars)	RSU	WAGD FV(1)		PSU(2)	WAGD FV(1)
Non-Vested at December 31, 2023	665	$	43.34	1,671	$	31.00
Granted	291	93.98		182	120.13
Vested	(296)	42.03		—	—
Cancelled or Forfeited	(20)	44.34		(102)	49.33
Non-Vested at December 31, 2024	640	$	66.91	1,751	$	39.21

(1) The WAGD FV for granted awards has been adjusted on a net basis for RSUs and PSUs that require remeasurement to fair value at

each balance sheet date.

(2) A maximum of 2,353 PSUs are eligible to vest,which includes 1,751 PSUs at the target performance level, an additional 219

PSUs expected to vest based on actual performance exceeding target by year-end and 383 PSUs eligible to earn a 200% performance

goal multiplier.

Property, Plant and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment, net was composed of the following:


	December 31,
(Dollars in millions)	2024		2023
Land, Buildings and Leasehold Improvements	$	498	$	482
Rental and Service Equipment	1,213		1,092
Machinery and Other	290		266
Property, Plant and Equipment, Gross	2,001		1,840
Less: Accumulated Depreciation	940		883
Property, Plant and Equipment, Net	$	1,061	$	957

Segment Information - Narrative (Details) - Geographic Concentration Risk - PP&E, Net and operating lease assets	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
United States (Federal)
Segment Reporting Information [Line Items]
Concentration risk percentage	22.00%	23.00%
Saudi Arabia
Segment Reporting Information [Line Items]
Concentration risk percentage	11.00%	10.00%

Subsequent Events (Details) - $ / shares

12 Months Ended

Jan. 29, 2025

Dec. 31, 2024

Subsequent Event [Line Items]

Cash dividends declared (in dollars per share)

^[1]

$ 0.25

Subsequent Event

Subsequent Event [Line Items]

Cash dividends declared (in dollars per share)

$ 0.25

[1]	(2) Includes dividend equivalent rights on share-based awards.

Acquisitions (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Cash consideration, net of cash acquired	$ 51	$ 4	$ 0
2024 acquisitions
Business Acquisition [Line Items]
Total consideration for acquisitions	160
Cash consideration, net of cash acquired	$ 51
Ordinary Shares Issued for Acquisitions (in shares)	0.9
Ordinary Shares Issued for Acquisitions	$ 79
Intangible assets acquired	$ 99

Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022








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.

Schedule of Contract with Customer, Asset and Liability

The following table summarizes these balances as of December 31, 2024, and December 31, 2023:


	December 31,
(Dollars in millions)	2024		2023
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

Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Components of Inventory

Inventories, net of reserves of $115 million and $121 million as of December 31, 2024 and December 31, 2023, respectively, by category were as follows:


	December 31,
(Dollars in millions)	2024		2023
Finished Goods	$	778	$	688
Work in Process and Raw Materials, Components and Supplies	102		100
Inventories, Net	$	880	$	788

Derivative Financial Instruments	12 Months Ended
Derivative Financial Instruments	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	10 – Derivative Financial Instruments Both our foreign currency forward contracts and the credit default swap are undesignated hedging instruments under ASC 815, Derivatives and Hedging. Foreign Currency Forward Contracts We enter into foreign currency forward contracts to economically hedge our exposure to currency fluctuations in various foreign currencies. At December 31, 2024 and December 31, 2023, we had outstanding foreign currency forward contracts with notional amounts aggregating to $543 million and $448 million, respectively. The fair values of these derivatives were not material as of December 31, 2024 and December 31, 2023. Credit Default Swap During the fourth quarter of 2024, we entered into a credit default swap (“CDS”) with a third-party financial institution terminating in September of 2026 related to a secured loan between that third-party financial institution and our largest customer in Mexico. The secured loan was utilized by this customer to pay certain of our outstanding receivables and accordingly, in the fourth quarter of 2024, we received $25 million. The fair value of the derivative was not material as of December 31, 2024. Under the CDS terms, within five business days upon notification of default, we could be required to pay the then outstanding notional balance net of recoveries. As of December 31, 2024 we had a notional balance of $25 million outstanding under the CDS. Management expects the total notional balance under the CDS to decrease to $14 million and nil by December 31, 2025 and December 31, 2026. A CDS was entered into during the fourth quarter of 2023 with the same parties for similar reasons as in the fourth quarter of 2024, and accordingly, in the fourth quarter of 2023 and January of 2024, we received $140 million and $142 million, respectively. As of December 31, 2023, we had a notional balance of $130 million outstanding under the CDS, which increased to $260 million in January of 2024, following the receipt of the $142 million payment. The agreement was terminated in the third quarter of 2024, extinguishing the remaining notional balance.

Income per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

A reconciliation of the number of weighted average shares used for the basic and diluted income (loss) per share calculation for the periods presented was as follows:


	Year Ended December 31,
(Shares in millions)	2024		2023		2022
Net Income Attributable to Weatherford	$	506	$	417	$	26

Basic Weighted Average Shares Outstanding	73.0		71.9		70.5
Dilutive Effect of Awards Granted in Stock Incentive Plans	1.9		1.7		1.1
Diluted Weighted Average Shares Outstanding	74.9		73.6		71.6

Basic Income Per Share Attributable to Weatherford	$	6.93	$	5.79	$	0.37
Diluted Income Per Share Attributable to Weatherford	$	6.75	$	5.66	$	0.36

Antidilutive Weighted Average Shares:
Warrants	—		7.4		7.8
Equity Awards	0.4		0.7		0.6
Total Antidilutive Weighted Average Shares	0.4		8.1		8.4

Intangible Assets, Net

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

6 – Intangible Assets, Net

The components of intangible assets, net were as follows:


	December 31, 2024
	Gross				Net
	Carrying		Accumulated		Intangible
(Dollars in millions)	Amount		Amortization		Assets
Developed and Acquired Technology	$	718	$	(592)	$	126
Trade Names	400		(201)		199
Intangible Assets, Net	$	1,118	$	(793)	$	325

	December 31, 2023
	Gross				Net
	Carrying		Accumulated		Intangible
(Dollars in millions)	Amount		Amortization		Assets
Developed and Acquired Technology	$	614	$	(479)	$	135
Trade Names	395		(160)		235


Intangible Assets, Net	$	1,009	$	(639)	$	370

Amortization expense was $158 million, $156 million and $155 million in 2024, 2023, and 2022, respectively. Based on the carrying value of intangible assets at December 31, 2024, amortization expense for the subsequent five years is estimated as follows (dollars in millions):


Period	Amount
2025	$	58
2026	58
2027	57
2028	56
2029	51

Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

5 – Property, Plant and Equipment, Net

Property, plant and equipment, net was composed of the following:


	December 31,
(Dollars in millions)	2024		2023
Land, Buildings and Leasehold Improvements	$	498	$	482
Rental and Service Equipment	1,213		1,092
Machinery and Other	290		266
Property, Plant and Equipment, Gross	2,001		1,840
Less: Accumulated Depreciation	940		883
Property, Plant and Equipment, Net	$	1,061	$	957

Depreciation expense was $185 million, $171 million and $194 million in 2024, 2023 and 2022, respectively.

Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Restricted Cash	$ 59	$ 105

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution expenses related to the defined contribution plans which cover certain employees	$ 20	$ 18	$ 18
Net periodic benefit cost	3	3	4
Projected benefit obligation	126	130
Pre-tax net gain in accumulated other comprehensive income (loss)	6	15
Employer contributions	4	5	$ 5
Expected contributions, next fiscal year	2
Other Non-current Assets
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan, funded (unfunded) status of plan	17	18
Other Non-current Liabilities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan, funded (unfunded) status of plan	(43)	(42)
Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets	$ 100	$ 106

Borrowings and Other Debt Obligations - Schedule of Debt Maturity (Details) $ in Millions	Dec. 31, 2024 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2025	$ 17
2026	15
2027	10
2028	5
2029	1
Thereafter	1,597
Total	1,645
Unamortized Debt Issuance and Discount	(11)
Total Debt Carrying Value	$ 1,634

Leases - Lease Cost (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating Lease Expense	$ 57	$ 60	$ 57
Short-term and Variable Lease Expense	205	174	90
Subtotal of Operating Lease Expense	262	234	147
Finance Lease Expense: Amortization of Assets and Interest on Lease Liabilities	24	19	18
Sublease Income	(2)	(2)	(3)
Total Lease Expense	$ 284	$ 251	$ 162

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The components of intangible assets, net were as follows:


	December 31, 2024
	Gross				Net
	Carrying		Accumulated		Intangible
(Dollars in millions)	Amount		Amortization		Assets
Developed and Acquired Technology	$	718	$	(592)	$	126
Trade Names	400		(201)		199
Intangible Assets, Net	$	1,118	$	(793)	$	325

	December 31, 2023
	Gross				Net
	Carrying		Accumulated		Intangible
(Dollars in millions)	Amount		Amortization		Assets
Developed and Acquired Technology	$	614	$	(479)	$	135
Trade Names	395		(160)		235


Intangible Assets, Net	$	1,009	$	(639)	$	370

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on the carrying value of intangible assets at December 31, 2024, amortization expense for the subsequent five years is estimated as follows (dollars in millions):


Period	Amount
2025	$	58
2026	58
2027	57
2028	56
2029	51

Employee Benefit Plans

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans

11 – Employee Benefit Plans

We have defined contribution plans covering certain employees. Contribution expenses related to these plans totaled $20 million, $18 million and $18 million for the years ended December 31, 2024, 2023 and 2022, respectively.

We have defined benefit pension and other post-retirement benefit plans covering certain U.S. and international employees. Plan benefits are generally based on factors such as age, compensation levels and years of service. Net periodic benefit cost related to these plans totaled $3 million, $3 million, and $4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The projected benefit obligations on a consolidated basis were $126 million and $130 million as of December 31, 2024 and December 31, 2023, respectively. The fair values of plan assets on a consolidated basis were $100 million and $106 million as of December 31, 2024 and December 31, 2023, respectively. The decrease in both the projected benefit obligation and the plans assets year over year is due primarily to benefit obligations paid from plan assets, deferral of actuarial losses to accumulated other comprehensive income, as well as the strengthening of the U.S. Dollar for our non-U.S. plans, As of December 31, 2024, the net underfunded obligation consisted of $17 million of funded obligations recorded to “Other Non-current Assets” and $43 million of underfunded obligations substantially all recorded to “Other Non-current Liabilities” on our Consolidated Balance Sheets. As of December 31, 2023, the net underfunded obligation consisted of $18 million of funded obligations recorded to “Other Non-current Assets” and $42 million of underfunded obligations substantially all recorded to “Other Non-current Liabilities” on our Consolidated Balance Sheets. Additionally, the consolidated pre-tax amount in accumulated other comprehensive income as of December 31, 2024 and December 31, 2023, that has not yet been recognized as a component of net periodic benefit cost was a net gain of $6 million and $15 million, respectively. The decrease is due to the the deferral of actuarial losses for 2024, the strengthening of the U.S. Dollar for our non-U.S. plans offset by the recognition of prior actuarial gains in net periodic benefit costs.

The weighted average assumption rates used for benefit obligations were as follows:


	Year Ended December 31,
	2024	2023
Discount rate:
United States Plans	4.75%	4.75% - 5.00%
International Plans	3.13% - 10.60%	2.90% - 11.38%
Rate of Compensation Increase:
United States Plans	—	—
International Plans	2.00% - 3.00%	2.00% - 3.00%

During the years ended December 31, 2024, 2023 and 2022, we made contributions and paid direct benefits of $4 million, $5 million and $5 million, respectively, in connection with our defined benefit pension and other post-retirement benefit plans. In 2025, we expect to fund approximately $2 million related to those plans.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Segment Information - Segment Financial Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Depreciation and Amortization	$ 343	$ 327	$ 349
Total Capital Expenditures	299	209	132
Total Assets	5,159	5,068
Reportable Segments \| Drilling and Evaluation
Segment Reporting Information [Line Items]
Depreciation and Amortization	113	102	112
Total Capital Expenditures	108	104	54
Total Assets	925	766
Reportable Segments \| Well Construction and Completions
Segment Reporting Information [Line Items]
Depreciation and Amortization	93	95	99
Total Capital Expenditures	57	49	35
Total Assets	1,040	1,066
Reportable Segments \| Production and Intervention
Segment Reporting Information [Line Items]
Depreciation and Amortization	91	84	86
Total Capital Expenditures	77	34	32
Total Assets	789	702
Corporate and Other
Segment Reporting Information [Line Items]
Depreciation and Amortization	46	46	52
Total Capital Expenditures	57	22	$ 11
Total Assets	$ 2,405	$ 2,534

- Definition

Amount of asset recognized for present right to economic benefit.

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1B
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section S99
-Paragraph 1B
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-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
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-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 30: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Share-Based Compensation - Award Activity (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target multiplier percentage	2
Restricted share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning balance (in shares)	665
Granted (in shares)	291
Vested (in shares)	(296)
Cancelled or Forfeit (in shares)	(20)
Non-vested, ending balance (in shares)	640	665
Non-vested, beginning balance (in dollars per share) \| $ / shares	$ 43.34
Granted (in dollars per share) \| $ / shares	93.98	$ 54.85	$ 30.90
Vested (in dollars per share) \| $ / shares	42.03
Cancelled or Forfeit (in dollars per share) \| $ / shares	44.34
Non-vested, ending balance (in dollars per share) \| $ / shares	$ 66.91	$ 43.34
Performance units, eligible to vest
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, ending balance (in shares)	2,353
Performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning balance (in shares)	1,671
Granted (in shares)	182
Vested (in shares)	0
Cancelled or Forfeit (in shares)	(102)
Non-vested, ending balance (in shares)	1,751	1,671
Non-vested, beginning balance (in dollars per share) \| $ / shares	$ 31.00
Granted (in dollars per share) \| $ / shares	120.13	$ 70.91	$ 23.14
Vested (in dollars per share) \| $ / shares	0
Cancelled or Forfeit (in dollars per share) \| $ / shares	49.33
Non-vested, ending balance (in dollars per share) \| $ / shares	$ 39.21	$ 31.00
Performance units, expected to vest based on actual performance exceeding target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, ending balance (in shares)	219
Performance units, eligible to earn performance goal multiplier
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, ending balance (in shares)	383

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Property, Plant and Equipment, Useful Lives

We estimate the useful lives of our PP&E over their respective lease terms, if applicable, or as follows:


Assets			Estimated Useful Lives
Buildings and leasehold improvements			10 – 40 years
Rental and service equipment			3 – 10 years
Machinery and other			2 – 12 years

Income Taxes - Narrative (Details) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) $ in Millions	Dec. 31, 2024 USD ($) country	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Income Tax Contingency [Line Items]
Income tax benefits due to release of valuation allowances and recognition of uncertain tax benefits		$ 115
Increase (decrease) in valuation allowance	$ (194)
Income tax expense (benefit), change in valuation allowance			$ (35)
Income tax benefit, recognition of benefit from previously uncertain tax positions			27
Decrease in valuation allowance due to remeasurement of deferred tax assets	113
Decrease in valuation allowance due to change in valuation allowance	47
Undistributed earnings of foreign subsidiaries	444
Net operating losses	3,000
Annual limitation of operating loss carryforwards	23
Net operating loss available for utilization in the future					$ 713
Impairment Loss Due to Liquidation Transaction				$ 1,300
Tax Loss Due To Liquidation Transaction				5,600
Tax Loss Excluded From Deferred Tax Assets				3,400
Net Operating Loss Carryforward From Forfeiture				2,200
Deferred Tax Assets, Tax Deferred Expense, Other				$ 303
Decrease in deferred tax asset		(141)
Tax Base Adjustment	53	59
Unrecognized tax benefits that would be offset by net operating losses and other tax attributes if settled	48	37
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	1	12	$ (2)
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense From Previously Uncertain Tax Positions	(16)
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 112	115
Number of countries in which business is conducted \| country	75
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 31
Gain (Loss) On Sale Of Derivatives
Income Tax Contingency [Line Items]
Income tax expense (benefit), change in valuation allowance		50
Internal Restructuring
Income Tax Contingency [Line Items]
Increase (decrease) in valuation allowance		$ 57

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions

Total

Common Stock

Additional Paid-in Capital

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

Noncontrolling Interest

Balance (in shares) at Dec. 31, 2021

70.2

Balance at Dec. 31, 2021

$ 496

$ 0

$ 2,904

$ (2,397)

$ (35)

$ 24

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

Other Comprehensive Income (Loss)

Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes (in shares)

0.4

Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes

Distributions to Noncontrolling Interests

(30)

Other

(3)

Balance (in shares) at Dec. 31, 2022

70.6

Balance at Dec. 31, 2022

551

$ 0

2,928

(2,371)

(22)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

417

Net Income

417

Net Income

449

Other Comprehensive Income (Loss)

(6)

Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes (in shares)

1.5

Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes

(22)

Distributions to Noncontrolling Interests

(52)

Other

$ 2

Balance (in shares) at Dec. 31, 2023

72.1

Balance at Dec. 31, 2023

$ 922

$ 0

2,906

(1,954)

(28)

(2)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net Income

506

Net Income

506

Net Income

550

Other Comprehensive Income (Loss)

$ (122)

(122)

Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes (in shares)

0.2

Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes

$ 36

Equity Issued for Acquisitions (in shares)

0.9

Equity Issued for Acquisitions

$ 79

Share Repurchases (in shares)

(1.1)

^[1]

Share Repurchases

^[1]

$ (100)

(100)

Dividends Declared

^[2]

(38)

Distributions to Noncontrolling Interests

(39)

Other

$ (5)

(5)

Balance (in shares) at Dec. 31, 2024

72.1

Balance at Dec. 31, 2024

$ 1,283

$ 0

$ 2,921

$ (1,486)

$ (150)

$ (2)

[1]	(1) Includes repurchased shares pending settlement.
[2]	(2) Includes dividend equivalent rights on share-based awards.

Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2024

Jul. 23, 2024

Dec. 31, 2023

Equity [Abstract]

Ordinary Shares, Outstanding (in shares)

72.1

Equity Issued for Acquisitions (in shares)

0.9

Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes (in shares)

0.2

Shares repurchased (in shares)

1.1

Shares repurchased

^[1]

$ 100

Shares repurchased, pending settlement

$ 1

Share repurchase program, authorized amount

$ 500

Cash dividends declared (in dollars per share)

^[2]

$ 0.25

Dividends, cash

$ 36

Dividends, stock

$ 2

[1]	(1) Includes repurchased shares pending settlement.
[2]	(2) Includes dividend equivalent rights on share-based awards.

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Dec. 31, 2024 shares
Statement of Cash Flows [Abstract]
Ordinary Shares Issued for Acquisitions	895,119

Summary of Significant Accounting Policies - Property, Plant and Equipment (Details)	Dec. 31, 2024
Buildings and leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Buildings and leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Rental and Service Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Rental and Service Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Machinery and Other \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Machinery and Other \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	12 years

Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

7 – Leases

The following table presents our lease expense components:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Lease Expense Components:
Operating Lease Expense	$	57	$	60	$	57
Short-term and Variable Lease Expense	205		174		90
Subtotal of Operating Lease Expense	$	262	$	234	$	147
Finance Lease Expense: Amortization of Assets and Interest on Lease Liabilities	24		19		18
Sublease Income	(2)		(2)		(3)
Total Lease Expense	$	284	$	251	$	162

Future commitments under operating and finance leases are as follows:



	Operating		Finance
(Dollars in millions)	Leases		Leases
Maturity of Lease Liabilities as of December 31, 2024:
2025	$	53	$	20
2026	41		17
2027	28		10
2028	15		5
2029	13		1
After 2029	90		—
Total Lease Payments	240		53
Less: Interest	(87)		(5)
Present Value of Lease Liabilities	$	153	$	48


	Years Ended
(Dollars in millions except years and percentages)	12/31/2024			12/31/2023			12/31/2022
Other Supplemental Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	61		$	67		$	80
Operating cash outflows from finance leases	$	5		$	5		$	5
Financing cash outflows from finance leases	$	35		$	18		$	16

Assets obtained in exchange for:
Operating leases	$	32		$	70		$	50
Finance leases	$	34		$	16		$	18



Weighted-average remaining lease term (years)
Operating leases	8.9			8.4			8.8
Finance leases	3.1			3.1			3.9

Weighted-average discount rate (percentages)
Operating leases	8.6		%	8.8		%	9.1		%
Finance leases	6.8		%	8.2		%	8.5		%

Leases

7 – Leases

The following table presents our lease expense components:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Lease Expense Components:
Operating Lease Expense	$	57	$	60	$	57
Short-term and Variable Lease Expense	205		174		90
Subtotal of Operating Lease Expense	$	262	$	234	$	147
Finance Lease Expense: Amortization of Assets and Interest on Lease Liabilities	24		19		18
Sublease Income	(2)		(2)		(3)
Total Lease Expense	$	284	$	251	$	162

Future commitments under operating and finance leases are as follows:



	Operating		Finance
(Dollars in millions)	Leases		Leases
Maturity of Lease Liabilities as of December 31, 2024:
2025	$	53	$	20
2026	41		17
2027	28		10
2028	15		5
2029	13		1
After 2029	90		—
Total Lease Payments	240		53
Less: Interest	(87)		(5)
Present Value of Lease Liabilities	$	153	$	48


	Years Ended
(Dollars in millions except years and percentages)	12/31/2024			12/31/2023			12/31/2022
Other Supplemental Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	61		$	67		$	80
Operating cash outflows from finance leases	$	5		$	5		$	5
Financing cash outflows from finance leases	$	35		$	18		$	16

Assets obtained in exchange for:
Operating leases	$	32		$	70		$	50
Finance leases	$	34		$	16		$	18



Weighted-average remaining lease term (years)
Operating leases	8.9			8.4			8.8
Finance leases	3.1			3.1			3.9

Weighted-average discount rate (percentages)
Operating leases	8.6		%	8.8		%	9.1		%
Finance leases	6.8		%	8.2		%	8.5		%

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision

Our income tax provision consisted of the following:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Total Current Provision	$	(181)	$	(143)	$	(83)
Total Deferred (Provision) Benefit	(8)		86		(4)
Income Tax Provision	$	(189)	$	(57)	$	(87)

Schedule of Effective Income Tax Rate Reconciliation

The difference between the Irish income tax provision and the consolidated income tax provision is analyzed below:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Irish Income Tax Provision Tax Rate of 25%	$	(185)	$	(126)	$	(35)
Tax Provision on Operating Earnings/Losses Subject to Rates Different than the Irish Income Tax Rate	(75)		52		(155)
Tax (Provision) Benefit on Swiss Loss from internal liquidation of subsidiary and internal restructuring	—		48		(141)
Decrease (Increase) in Valuation Allowance attributed to Swiss Loss and internal restructuring	—		(46)		141


Decrease (Increase) in Valuation Allowance on Operating Earnings/Losses	81		35		64
Change in Uncertain Tax Positions	(10)		(20)		39






Income Tax Provision	$	(189)	$	(57)	$	(87)

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax asset were as follows:


	December 31,		December 31,
(Dollars in millions)	2024		2023
Deferred Tax Assets:
Net Operating Losses Carryforwards	$	585	$	715
Unused Recognized Built in Losses	47		46
Accrued Liabilities and Reserves	138		191
Tax Credit Carryforwards	13		10
Employee Benefits	29		38
Property, Plant and Equipment	109		145
Inventory	34		33
U.S. Interest Deferral	58		59
Tax Base Adjustment	53		59
State Deferred	57		62
Other Differences between Financial and Tax Basis	142		108
Valuation Allowance	(1,122)		(1,316)
Total Deferred Tax Assets	143		150
Deferred Tax Liabilities:

Intangible Assets	(17)		(18)


Other Differences between Financial and Tax Basis	(22)		—
Total Deferred Tax Liabilities	(39)		(18)
Net Deferred Tax Asset	$	104	$	132

Schedule of Unrecognized Tax Benefits Roll Forward

A tabular reconciliation of the total amounts of uncertain tax positions at the beginning and end of the period is as follows:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Balance at Beginning of Year	$	203	$	191	$	235
Additions as a Result of Tax Positions Taken During a Prior Period	7		9		14
Reductions as a Result of Tax Positions Taken During a Prior Period	(2)		(12)		(15)
Additions as a Result of Tax Positions Taken During the Current Period	13		19		11
Reductions Relating to Settlements with Taxing Authorities	(5)		(3)		(36)
Reductions as a Result of a Lapse of the Applicable Statute of Limitations	(8)		(6)		(11)
Foreign Exchange Effects	(7)		5		(7)
Balance at End of Year	$	201	$	203	$	191

Summary of Income Tax Contingencies

We are subject to income tax in many of the approximately 75 countries where we operate. As of December 31, 2024, the following table summarizes the tax years that remain subject to examination for the major jurisdictions in which we operate:


Tax Jurisdiction			Tax Years under Examination
Argentina			2016 - 2024
Canada			2016 - 2024
Mexico			2014 - 2024
Russia			2021 - 2024
Saudi Arabia			2005 - 2024
Switzerland			2020 - 2024
United States (Federal)			2020 - 2024

Leases - Supplemental Lease Disclosures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 61	$ 67	$ 80
Operating cash outflows from finance leases	5	5	5
Financing cash outflows from finance leases	35	18	16
Assets obtained in exchange for:
Operating leases	32	70	50
Finance leases	$ 34	$ 16	$ 18
Weighted-average remaining lease term (years)
Operating leases	8 years 10 months 24 days	8 years 4 months 24 days	8 years 9 months 18 days
Finance leases	3 years 1 month 6 days	3 years 1 month 6 days	3 years 10 months 24 days
Weighted-average discount rate (percentages)
Operating leases	8.60%	8.80%	9.10%
Finance leases	6.80%	8.20%	8.50%

Blue Chip Swap Securities - Argentina (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Investments, Debt and Equity Securities [Abstract]
Derivative, Percentage Higher Than Official Exchange Rate	0.26	1.06
Loss on Blue Chip Swap Securities	$ 10	$ 57	$ 0

Borrowings and Other Debt Obligations - Debt Carrying Values (Details) - USD ($) $ in Millions	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Oct. 27, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Finance Lease Current Portion	$ 17		$ 17
Finance Lease Current Portion, location	Current Portion of Long-term Debt		Current Portion of Long-term Debt
Current Portion of Long-term Debt	$ 17		$ 168
Finance Lease Long-term Portion	$ 31		$ 36
Finance Lease Long-term Portion, location	Long-term Debt		Long-term Debt
Long-term Debt	$ 1,617		$ 1,715
Senior Notes \| Senior Notes 6.5% due 2028
Debt Instrument [Line Items]
Stated interest rate on debt		6.50%			6.50%
Current portion of long-term debt	0		151
Long-term debt	0		92
Senior Notes \| Senior Notes 8.625% due 2030
Debt Instrument [Line Items]
Stated interest rate on debt				8.625%
Long-term debt	$ 1,586		$ 1,587

Derivative Financial Instruments (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2026	Dec. 31, 2025
Derivative [Line Items]
Proceeds from loans receivable	$ 142	$ 25	$ 140
Foreign currency forward contracts
Derivative [Line Items]
Notional amount		543	448
Credit Default Swap
Derivative [Line Items]
Notional amount	$ 260	$ 25	$ 130
Period from notification of default that could be required to pay outstanding notional amount			5 days
Credit Default Swap \| Forecast [Member]
Derivative [Line Items]
Notional amount				$ 0	$ 14

Share-Based Compensation - Fair Value Assumptions (Details) - Performance units	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-Free rate	4.30%	3.80%	3.20%
Expected Volatility	54.00%	62.00%	63.00%
Expected Life (in years)	2 years 9 months 18 days	2 years 7 months 6 days	2 years 6 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 550	$ 449	$ 51
Foreign Currency Translation	(113)	(2)	(5)
Defined Benefit Pension	(9)	(4)	18
Other Comprehensive Income (Loss)	(122)	(6)	13
Comprehensive Income	428	443	64
Net Income Attributable to Noncontrolling Interests	44	32	25
Comprehensive Income Attributable to Weatherford	$ 384	$ 411	$ 39

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-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
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-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Subparagraph (c)(1)
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-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

+ Details

Summary of Significant Accounting Policies - Intangible Assets (Details)	Dec. 31, 2024
Developed and Acquired Technology
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life	5 years
Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life	10 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Inventories, Net - Schedule of Inventory (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventory Valuation Reserves	$ 115	$ 121
Finished Goods	778	688
Work in Process and Raw Materials, Components and Supplies	102	100
Total Inventory	$ 880	$ 788

Fair Value of Financial Instruments, Assets and Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Oct. 27, 2021	Sep. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,586		$ 1,830
Level 2 \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value of Long-term debt	1,650		1,931
Senior Notes \| Senior Notes 6.5% due 2028
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate on debt		6.50%			6.50%
Long-term debt	0		243
Senior Notes \| Senior Notes 8.625% due 2030
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate on debt				8.625%
Long-term debt	1,586		1,587
Senior Notes \| Level 2 \| Fair Value \| Senior Notes 6.5% due 2028
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value of Long-term debt	0		258
Senior Notes \| Level 2 \| Fair Value \| Senior Notes 8.625% due 2030
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value of Long-term debt	$ 1,650		$ 1,673

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Shareholders' Equity	12 Months Ended
Shareholders' Equity	Dec. 31, 2024
Equity [Abstract]
Shareholders' Equity	14 – Shareholders’ Equity Our ordinary shares outstanding balance remained consistent at 72.1 million as of both December 31, 2024 and December 31, 2023. During the twelve months ended December 31, 2024 we issued of 0.9 million of our ordinary shares related to acquisitions and 0.2 million of our ordinary shares for equity awards vested and delivered, net of shares withheld for taxes, offset by the cancellation of 1.1 million of our ordinary shares repurchased for $100 million (which includes repurchased shares pending settlement of approximately $1 million), under a $500 million share repurchase program announced on July 23, 2024. Ordinary shares for the years ended December 31, 2023 and 2022 primarily increased upon the vesting and settlement of awards made under the 2019 Equity Plan. On July 23, 2024, we announced our Board authorization of a dividend program under which we intend to pay regular quarterly cash dividends, subject to our Board’s discretion and continuing determination that it is in the best interest of the Company and complies with applicable legal requirements. The announcement included a cash dividend declaration of $0.25 per share of the Company’s ordinary shares. During the twelve months ended December 31, 2024, we declared and paid $36 million in dividends and accrued $2 million in dividend equivalent rights on share-based awards.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 5,513	$ 5,135	$ 4,331
North America
Disaggregation of Revenue [Line Items]
Revenue	1,046	1,068	1,104
International
Disaggregation of Revenue [Line Items]
Revenue	4,467	4,067	3,227
Latin America
Disaggregation of Revenue [Line Items]
Revenue	1,393	1,387	1,062
Europe/Sub-Sahara Africa/Russia
Disaggregation of Revenue [Line Items]
Revenue	951	865	764
Middle East/North Africa/Asia
Disaggregation of Revenue [Line Items]
Revenue	$ 2,123	$ 1,815	$ 1,401

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Acquisitions	12 Months Ended
Acquisitions	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	18 – Acquisitions During the year ended December 31, 2024, we closed on acquisitions with total consideration of $160 million, which includes $51 million in cash net of cash acquired and 0.9 million of our ordinary shares valued at $79 million on the closing dates. The purchases were accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification “ASC” 805 Business Combinations and the purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values measured in accordance with the guidance under ASC 820 Fair Value Measurement. The fair value measurements of the intangible assets were based on inputs not observable in the market and therefore represent Level 3 measurements. The fair value of intangible assets acquired was $99 million and the goodwill and contingent considerations were each immaterial. Acquisition-related costs incurred by the Company are expensed as incurred. The operating results of the acquired businesses were included in the Company’s results of operations from the dates of acquisition. See also “Note 6 – Intangible Assets, Net” and “Note 14 – Shareholders’ Equity” in our Notes to Consolidated Financial Statements.

Share-Based Compensation

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

13 – Share-Based Compensation

Share-Based Plan

The Weatherford International plc Third Amended and Restated 2019 Equity Incentive Plan, (“2019 Equity Plan”) authorizes the issuance of 8.6 million shares of ordinary shares by the Board of Directors in the form of options, share appreciation rights, restricted share awards, restricted share units (“RSUs”), performance-based restricted share units (“PSUs”) and other share-based and performance-based awards to any employee, consultant, or non-employee director (“Grantees”). The provisions of each award vary based on the type of award granted. Awards made under the 2019 Equity Plan vest and settle in shares of newly issued ordinary shares or cash. As of December 31, 2024, there were 2.0 million shares available for future grants.

We granted RSUs and PSUs under the 2019 Equity Plan during 2024, 2023 and 2022. All awards generally require continued employment and vest over one to three years. The Grantees do not have the rights of a shareholder under these awards until such date as the shares are issued. Dividend equivalent rights are accrued during the vesting period and paid upon distribution of the shares.

Share-Based Compensation Expense

Share-based compensation expense was $45 million, $35 million and $25 million for the year ended December 31, 2024, December 31, 2023 and December 31, 2022, respectively. As of December 31, 2024, there was $43 million of unrecognized compensation cost, which is expected to be recognized over a weighted-average period of less than two years.

RSUs

RSUs generally vest based on continued employment. The fair value of RSUs are determined based on the closing price of our shares on the date of grant. The total fair value, less forfeitures, is expensed over the vesting period. The weighted-average grant date fair value per unit (“WAGD FV”) of RSUs granted during 2024, 2023 and 2022 was $93.98, $54.85 and $30.90, respectively. The fair value of RSUs vested during 2024, 2023 and 2022 was $28 million, $34 million and $20 million, respectively. RSUs were primarily settled in shares, with cash settlements totaling less than $1 million in both 2024 and 2023, and $2 million in 2022.

PSUs

PSUs generally vest based on continued employment and the achievement of an established target. The actual number of PSUs earned may range from 0% to 200%. The fair value of PSUs depends on whether the established target is a performance condition defined solely by reference to our own operations (“operational performance”) or the market performance of our shares (“market condition”). The total fair value, less forfeitures, is expensed over the vesting period. The WAGD FV per unit of PSUs granted during 2024, 2023 and 2022 was $120.13, $70.91 and $23.14, respectively. The fair value of PSUs vested during 2023 was $118 million and nil, for 2022 and 2024.

The fair value of PSUs subject to operational performance conditions is determined based on the closing price of our shares on the date of grant. The units are adjusted periodically based on the metric’s expected performance goal multiplier.

The fair value of PSUs subject to market conditions is determined by utilizing an advanced option-pricing model. Compensation cost is fully recognized if the employment condition is met, even if the market condition is not achieved, as the likelihood of achieving the market condition is incorporated into the fair value of the award. The weighted average of assumptions used in the models were as follows:


	Year Ended December 31,
	2024		2023		2022
Risk-Free rate	4.3	%	3.8	%	3.2	%
Dividend Yield	n/a		n/a		n/a
Expected Volatility	54.0	%	62.0	%	63.0	%
Expected Life (in years)	2.8		2.6		2.5

The risk-free rate is obtained as of the grant date with terms matching the performance period. The dividend yield is based on historical dividend payments and expectations of management. For the year ended December 31, 2024, expected volatility was based on our NASDAQ trading history, and for the year ended December 31, 2023, also incorporated the volatility of our constituents. For the year ended December 31, 2022, the expected volatility was based on comparable companies’ volatility due to our NASDAQ trading history being shorter than the performance period. The expected life in years is based on the performance measurement period.

Summary of Awards Activity

A summary of activity for non-vested RSUs, and PSUs at target and their respective WAGD FV during 2024 is presented below.


(Units in thousands, except dollars)	RSU	WAGD FV(1)		PSU(2)	WAGD FV(1)
Non-Vested at December 31, 2023	665	$	43.34	1,671	$	31.00
Granted	291	93.98		182	120.13
Vested	(296)	42.03		—	—
Cancelled or Forfeited	(20)	44.34		(102)	49.33
Non-Vested at December 31, 2024	640	$	66.91	1,751	$	39.21

(1) The WAGD FV for granted awards has been adjusted on a net basis for RSUs and PSUs that require remeasurement to fair value at

each balance sheet date.

(2) A maximum of 2,353 PSUs are eligible to vest,which includes 1,751 PSUs at the target performance level, an additional 219

PSUs expected to vest based on actual performance exceeding target by year-end and 383 PSUs eligible to earn a 200% performance

goal multiplier.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Losses	$ 8	$ 16
Property, Plant and Equipment, Accumulated Depreciation	940	883
Intangible Assets, Accumulated Amortization	$ 793	$ 639
Ordinary Shares, Par Value (in dollars per share)	$ 0.001	$ 0.001
Ordinary Shares, Authorized (in shares)	1,356.0	1,356.0
Ordinary Shares, Issued (in shares)	72.1	72.1
Ordinary Shares, Outstanding (in shares)	72.1	72.1

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash Flows From Operating Activities:
Net Income	$ 550	$ 449	$ 51
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation and Amortization	343	327	349
Foreign Exchange Losses	56	116	71
Loss on Blue Chip Swap Securities	10	57	0
Gain on Disposition of Assets	(35)	(11)	(41)
Deferred Income Tax Provision (Benefit)	8	(86)	4
Share-Based Compensation	45	35	25
Changes in Accounts Receivable, Inventory, Accounts Payable and Accrued Salaries and Benefits:
Accounts Receivable	(31)	(221)	(193)
Inventories	(112)	(114)	(56)
Accounts Payable	97	231	84
Accrued Salaries and Benefits	(74)	20	24
Other Changes, Net	(65)	29	31
Net Cash Provided by Operating Activities	792	832	349
Cash Flows From Investing Activities:
Capital Expenditures for Property, Plant and Equipment	(299)	(209)	(132)
Proceeds from Disposition of Assets	31	28	82
Purchases of Blue Chip Swap Securities	(50)	(110)	0
Proceeds from Sales of Blue Chip Swap Securities	40	53	0
Business Acquisitions, Net of Cash Acquired	(51)	(4)	0
Other Investing Activities	36	(47)	(4)
Net Cash Used in Investing Activities	(293)	(289)	(54)
Cash Flows From Financing Activities:
Repayments of Long-term Debt	(287)	(386)	(198)
Distributions to Noncontrolling Interests	(39)	(52)	(30)
Tax Remittance on Equity Awards	(31)	(56)	(4)
Share Repurchases	(99)	0	0
Dividends Paid	(36)	0	0
Other Financing Activities	(19)	(20)	(16)
Net Cash Used in Financing Activities	(511)	(514)	(248)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(76)	(78)	(48)
Net Decrease in Cash, Cash Equivalents and Restricted Cash	(88)	(49)	(1)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	1,063	1,112	1,113
Cash, Cash Equivalents and Restricted Cash at End of Period	975	1,063	1,112
Supplemental Cash Flow Information
Interest Paid	153	181	220
Income Taxes Paid, Net of Refunds	168	132	86
Supplemental Noncash Information:
Ordinary Shares Issued for Acquisitions	$ 79	$ 0	$ 0

Borrowings and Other Debt Obligations (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Total debt carrying values consisted of the following:


	December 31,
(Dollars in millions)	2024		2023
Current portion of 6.5% Senior Secured Notes due 2028 “2028 Senior Secured Notes”	$	—	$	151
Finance Lease Current Portion	17		17
Current Portion of Long-term Debt	$	17	$	168

8.625% Senior Notes due 2030 “2030 Senior Notes”	$	1,586	$	1,587
6.5% Senior Secured Notes due 2028 “2028 Senior Secured Notes”	—		92
Finance Lease Long-term Portion	31		36
Long-term Debt	$	1,617	$	1,715

Schedule of maturities of long-term debt

The following is a summary of scheduled debt maturities by year:


(Dollars in millions)	Amount
2025	$	17
2026	15
2027	10
2028	5
2029	1
Thereafter	1,597
Total Debt Maturities	$	1,645
Unamortized Debt Issuance and Discount	$	(11)
Total Debt Carrying Value	$	1,634

Segment Information - Long-Lived Assets by Geographic Areas (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 1,150	$ 1,061
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	293	280
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	195	177
Middle East/North Africa/Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	443	393
Europe/Sub-Sahara Africa/Russia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 219	$ 211

Segment Information - Segment Reconciliation (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2024 reportable_segment	Dec. 31, 2024 segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments		3	3
Segment Reporting Information [Line Items]
Revenue	$ 5,513			$ 5,135	$ 4,331
Depreciation and Amortization	(343)			(327)	(349)
Share-based Compensation	(45)			(35)	(25)
Other Charges	(56)			(4)	(31)
Operating Income	938			820	412
Reportable Segments \| Drilling and Evaluation
Segment Reporting Information [Line Items]
Revenue	1,682			1,536	1,328
Direct Costs	(1,007)			(920)	(833)
Other Expense	(208)			(194)	(171)
Adjusted EBITDA	467			422	324
Depreciation and Amortization	(113)			(102)	(112)
Reportable Segments \| Well Construction and Completions
Segment Reporting Information [Line Items]
Revenue	1,976			1,800	1,521
Direct Costs	(1,174)			(1,091)	(995)
Other Expense	(238)			(254)	(227)
Adjusted EBITDA	564			455	299
Depreciation and Amortization	(93)			(95)	(99)
Reportable Segments \| Production and Intervention
Segment Reporting Information [Line Items]
Revenue	1,452			1,472	1,395
Direct Costs	(955)			(953)	(950)
Other Expense	(178)			(196)	(184)
Adjusted EBITDA	319			323	261
Depreciation and Amortization	(91)			(84)	(86)
All Other
Segment Reporting Information [Line Items]
Revenue	403			327	87
Adjusted EBITDA	84			38	1
Corporate
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ (52)			$ (52)	$ (68)

Income Taxes

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

16 – Income Taxes

We provide for income taxes based on the laws and rates in effect in the countries in which operations are conducted, or in which we or our subsidiaries are considered resident for income tax purposes. The relationship between our pre-tax income or loss and our income tax provision or benefit varies from period to period as a result of various factors which include changes in total pre-tax income or loss, the jurisdictions in which our income is earned, the tax laws in those jurisdictions and in our operating structure.

Our income tax provision consisted of the following:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Total Current Provision	$	(181)	$	(143)	$	(83)
Total Deferred (Provision) Benefit	(8)		86		(4)
Income Tax Provision	$	(189)	$	(57)	$	(87)

The difference between the Irish income tax provision and the consolidated income tax provision is analyzed below:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Irish Income Tax Provision Tax Rate of 25%	$	(185)	$	(126)	$	(35)
Tax Provision on Operating Earnings/Losses Subject to Rates Different than the Irish Income Tax Rate	(75)		52		(155)
Tax (Provision) Benefit on Swiss Loss from internal liquidation of subsidiary and internal restructuring	—		48		(141)
Decrease (Increase) in Valuation Allowance attributed to Swiss Loss and internal restructuring	—		(46)		141


Decrease (Increase) in Valuation Allowance on Operating Earnings/Losses	81		35		64
Change in Uncertain Tax Positions	(10)		(20)		39






Income Tax Provision	$	(189)	$	(57)	$	(87)

Our income tax provisions generally do not correlate to our consolidated income (loss) before tax. Our income tax provisions are primarily driven by profits in certain jurisdictions, deemed profit countries and withholding taxes on intercompany and third-party transactions that do not directly correlate to ordinary income or loss. Certain charges and impairments recognized do not result in significant tax benefit as a result of being attributed to a non-income tax jurisdiction or our inability to forecast realization of the tax benefit of such losses.

For the year ended December 31, 2024, income tax expense was higher than 2023, primarily driven by increased activity and operating profits, profit mix in various jurisdictions that we operate and lower valuation allowance releases. During the year ended December 31, 2023, income tax expense includes a one-time benefit of $115 million, due to the release of valuation allowances and the recognition of benefits from previously uncertain tax positions. Those benefits were offset by the establishment of valuation allowance of approximately $50 million against the sale of Blue Chip Swap securities and currency devaluation in Argentina (see Note 17 – Blue Chip Swap Securities - Argentina). During the year ended December 31, 2022, income tax expense was lower by $35 million, due to the release of valuation allowances and $27 million, due to the recognition of a benefit from previously uncertain tax positions.

Deferred tax assets and liabilities are recognized for the estimated future tax effects of temporary differences between the tax basis of an asset or liability and its reported amount in the Consolidated Financial Statements. The measurement of deferred tax assets and liabilities is based on enacted tax laws and rates currently in effect in each of the jurisdictions in which we have operations.

The components of the net deferred tax asset were as follows:


	December 31,		December 31,
(Dollars in millions)	2024		2023
Deferred Tax Assets:
Net Operating Losses Carryforwards	$	585	$	715
Unused Recognized Built in Losses	47		46
Accrued Liabilities and Reserves	138		191
Tax Credit Carryforwards	13		10
Employee Benefits	29		38
Property, Plant and Equipment	109		145
Inventory	34		33
U.S. Interest Deferral	58		59
Tax Base Adjustment	53		59
State Deferred	57		62
Other Differences between Financial and Tax Basis	142		108
Valuation Allowance	(1,122)		(1,316)
Total Deferred Tax Assets	143		150
Deferred Tax Liabilities:

Intangible Assets	(17)		(18)


Other Differences between Financial and Tax Basis	(22)		—
Total Deferred Tax Liabilities	(39)		(18)
Net Deferred Tax Asset	$	104	$	132

We record deferred tax assets for net operating losses and temporary differences between the book and tax basis of assets and liabilities that are expected to produce tax deductions in future periods. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income in the appropriate tax jurisdiction during the periods in which those deferred tax assets would be deductible. The Company assesses the realizability of its deferred tax assets each period by considering whether it is more likely than not that all or a portion of the deferred tax assets will not be realized. The Company considers all available evidence (both positive and negative) when determining whether a valuation allowance is required, with emphasis on our past operating results, the existence of cumulative losses in the most recent years and our forecast of near- term taxable income. The Company evaluates possible sources of taxable income that may be available to realize the benefit of deferred tax assets, including projected future taxable income, the reversal of existing temporary differences, taxable income in carryback years and available tax planning strategies, in making this assessment.

The valuation allowance decreased by $194 million in 2024. The majority of the decrease is in conjunction with a remeasurement of net deferred tax assets of approximately $113 million, $47 million due to the release of valuation allowances where deferred tax assets are now considered more likely than not to be realized in the future, and the utilization of net operating losses previously not expected to be realized against operating earnings. The remaining movement in the valuation allowance was attributable to foreign currency translation.

Deferred income taxes generally have not been recognized on the cumulative undistributed earnings of our non-Irish subsidiaries because they are considered to be indefinitely reinvested. Distribution of these earnings in the form of dividends or otherwise may result in a combination of income and withholding taxes payable in various countries. As of December 31, 2024, the pool of positive undistributed earnings of our non-Irish subsidiaries that are considered indefinitely reinvested and may be subject to tax, if distributed, amounts to approximately $444 million. The amount is reduced from the prior period due to the favorable impact of the enactment of dividend participation exemption in Ireland effective January 1, 2025. Due to complexities in the tax laws and the manner of repatriation, it is not practicable to estimate the unrecognized amount of deferred income taxes and the related dividend withholding taxes associated with these undistributed earnings.

At December 31, 2024, we had approximately $3.0 billion of net operating losses (“NOLs”) in various jurisdictions. Our non-indefinite loss carryforwards, if not utilized, will mostly expire for U.S. subsidiaries from 2030 through 2037 and at various dates from 2024 through 2043 for non-U.S. subsidiaries.

Upon emergence from bankruptcy in December 2019, our U.S. subsidiaries experienced an ownership change as the Company’s emergence was considered an “ownership change” for purposes of Internal Revenue Code section 382. The Internal Revenue Code sections 382 and 383 impose limitations on the ability of a company to utilize tax attributes after experiencing an “ownership change.” As a result, we estimated our annual limitation is approximately $23 million against the utilization of our U.S. loss carryforwards and other tax attributes, including unused recognized built-in losses and U.S. interest deferral. Upon emergence, we estimated that the maximum U.S. NOLs available for utilization in the future was $713 million as of December 31, 2019.

In 2021, we executed a liquidation transaction of one of our Swiss holding companies which resulted in the forfeiture of impairment losses of $1.3 billion generated in 2020. In addition, the liquidation transaction resulted in approximately $5.6 billion of tax losses (NOLs) in Switzerland of which $3.4 billion was deemed worthless and excluded from the deferred tax table, and $2.2 billion was recorded as an NOL and included in the table as management expects to utilize those NOLs on our future tax returns. However, in addition to recording a deferred tax asset of $303 million related to the $2.2 billion tax losses, we recorded a valuation allowance against the full $303 million because it will offset future income that is otherwise exempt from tax. In 2023, the deferred tax asset was reduced by $141 million attributed to utilization with a corresponding valuation allowance release. In 2023, we recognized a deferred tax asset of $59 million relating to a final agreement with the taxing authorities in relation to an adjustment in tax base beginning of 2021, and we recorded a $57 million valuation allowance against the deferred tax asset as it is more likely than not that a majority of it will not be realized.

A tabular reconciliation of the total amounts of uncertain tax positions at the beginning and end of the period is as follows:


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Balance at Beginning of Year	$	203	$	191	$	235
Additions as a Result of Tax Positions Taken During a Prior Period	7		9		14
Reductions as a Result of Tax Positions Taken During a Prior Period	(2)		(12)		(15)
Additions as a Result of Tax Positions Taken During the Current Period	13		19		11
Reductions Relating to Settlements with Taxing Authorities	(5)		(3)		(36)
Reductions as a Result of a Lapse of the Applicable Statute of Limitations	(8)		(6)		(11)
Foreign Exchange Effects	(7)		5		(7)
Balance at End of Year	$	201	$	203	$	191

Substantially all of the uncertain tax positions, if released in future periods, would impact our effective tax rate. Within the total balance is $48 million and $37 million as of December 31, 2024, and 2023, respectively, that would be offset by net operating losses and other tax attributes if settled. Our income tax provision includes penalties and interest expense (benefit) on uncertain tax positions of $1 million, $12 million and $(2) million for years ended December 31, 2024, 2023, and 2022, respectively. The expense of $1 million in 2024 includes $(16) million of interest and penalty release related to benefit from previously uncertain tax positions. The amounts in the table above exclude cumulative accrued interest and penalties of $112 million and $115 million at December 31, 2024 and 2023, respectively, which are included in other non-current liabilities.


Tax Jurisdiction			Tax Years under Examination
Argentina			2016 - 2024
Canada			2016 - 2024
Mexico			2014 - 2024
Russia			2021 - 2024
Saudi Arabia			2005 - 2024
Switzerland			2020 - 2024
United States (Federal)			2020 - 2024

We are continuously under tax examination in various jurisdictions and cannot predict the timing or outcome regarding the resolutions or if they will have a material impact on our financial statements. As of December 31, 2024, we anticipate that it is reasonably possible that the amount of uncertain tax positions may decrease by up to $31 million in the next twelve months due to expiration of statutes of limitations, settlements and/or conclusions of tax examinations.

- Definition

The entire disclosure for income tax.

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+ Details

Summary of Significant Accounting Policies - Organization and Nature of Operations (Details)	Dec. 31, 2024 country
Accounting Policies [Abstract]
Number of countries in which business is conducted	75

Disputes, Litigation and Legal Contingencies	12 Months Ended
Disputes, Litigation and Legal Contingencies	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Disputes, Litigation and Legal Contingencies	12 – Disputes, Litigation and Legal Contingencies We are subject to lawsuits and claims arising out of the nature of our business. We have certain claims, disputes and pending litigation for which we do not believe a negative outcome is probable or for which we can only estimate a range of liability. It is possible, however, that an unexpected judgment could be rendered against us, or we could decide to resolve a case or cases, which would result in a liability that could be uninsured and beyond the amounts we currently have reserved and in some cases those losses could be material. If one or more negative outcomes were to occur relative to these cases, the aggregate impact to our financial condition could be material.

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Irish Income Tax Provision Tax Rate of 25%	$ (185)	$ (126)	$ (35)
Tax Provision on Operating Earnings/Losses Subject to Rates Different than the Irish Income Tax Rate	(75)	52	(155)
Tax (Provision) Benefit on Swiss Loss from internal liquidation of subsidiary and internal restructuring	0	48	(141)
Decrease (Increase) in Valuation Allowance attributed to Swiss Loss and internal restructuring	0	(46)	141
Decrease (Increase) in Valuation Allowance on Operating Earnings/Losses	81	35	64
Change in Uncertain Tax Positions	(10)	(20)	39
Income Tax Provision	$ (189)	$ (57)	$ (87)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

Borrowings and Other Debt Obligations

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Borrowings and Other Debt Obligations

8 – Borrowings and Other Debt Obligations

Total debt carrying values consisted of the following:


	December 31,
(Dollars in millions)	2024		2023
Current portion of 6.5% Senior Secured Notes due 2028 “2028 Senior Secured Notes”	$	—	$	151
Finance Lease Current Portion	17		17
Current Portion of Long-term Debt	$	17	$	168

8.625% Senior Notes due 2030 “2030 Senior Notes”	$	1,586	$	1,587
6.5% Senior Secured Notes due 2028 “2028 Senior Secured Notes”	—		92
Finance Lease Long-term Portion	31		36
Long-term Debt	$	1,617	$	1,715

Our Exit Notes and 2028 Senior Secured Notes were issued by Weatherford International Ltd., a Bermuda exempted company (“Weatherford Bermuda”), and guaranteed by the Company and Weatherford International, LLC, a Delaware limited liability company (“Weatherford Delaware”) and other subsidiary guarantors party thereto. The 2028 Senior Secured Notes and the related guarantees were secured by substantially all of the assets and properties of the Company and the other guarantors (on an effectively first-priority basis with respect to the priority collateral for the 2028 Senior Secured Notes, and on an effectively second-priority basis with respect to the priority collateral for the senior secured letter of credit agreement (now the “Credit Agreement”), in each case, subject to permitted liens).

Our 2030 Senior Notes were originally issued by Weatherford Bermuda and guaranteed by the Company and Weatherford Delaware and other subsidiary guarantors party thereto. On December 1, 2022, the indenture related to our 2030 Senior Notes was amended and supplemented to add Weatherford Delaware as co-issuer and co-obligor, and concurrently releases the guarantee of Weatherford Delaware.

Exit Notes

On December 13, 2019, we issued unsecured 11.00% Exit Notes due in 2024 for an aggregate principal amount of $2.1 billion. Interest accrued at the rate of 11.00% per annum and was payable semiannually on June 1 and December 1. Proceeds from the issuance were reduced by debt issuance costs. In 2023, we fully redeemed the remaining $125 million principal amount.

2028 Senior Secured Notes

On September 30, 2021, we issued 6.5% Senior Secured Notes in aggregate principal amount of $500 million maturing September 15, 2028 (the “2028 Senior Secured Notes”). Interest accrued at the rate of 6.5% per annum and was payable semiannually on September 15 and March 15. Proceeds from the issuance were reduced by debt issuance costs. In 2024, we fully redeemed the remaining $248 million principal amount.

2030 Senior Notes

On October 27, 2021, we issued 8.625% Senior Notes in aggregate principal amount of $1.6 billion maturing April 30, 2030 (the “2030 Senior Notes”). Interest accrues at the rate of 8.625% per annum and is payable semiannually on June 1 and December 1 of each year, and commenced June 1, 2022. On December 1, 2022, we modified our 2030 Senior Notes, as described earlier. In the fourth quarter of 2024 we repurchased $4 million in principal of our 2030 Senior Notes. At December 31, 2024 and December 31, 2023, the carrying value represents the remaining unpaid principal of $1.6 billion at each date, offset by unamortized deferred issuance cost of $11 million and $13 million, respectively.

Credit Agreement

Weatherford Bermuda, Weatherford Delaware, Weatherford Canada Ltd. (“Weatherford Canada”) and WOFS International Finance GmbH (“Weatherford Switzerland”), together as borrowers, and the Company as parent, have an amended and restated credit agreement (the “Credit Agreement”). The Credit Agreement is guaranteed by the Company and certain of our subsidiaries and secured by substantially all of the personal property of the Company and those subsidiaries. At December 31, 2024, the Credit Agreement allowed for a total commitment amount of $720 million, maturing on October 24, 2028. Financial covenants in the Credit Agreement include a $250 million minimum liquidity covenant (which may increase up to $400 million dependent on the nature of transactions we may decide to enter into), a minimum interest coverage ratio of 2.50 to 1.00, a maximum total net leverage ratio of 3.50 to 1.00, and a maximum secured net leverage ratio of 1.50 to 1.00.

On April 22, 2024, additional lenders joined the Credit Agreement, providing an increase in total commitments from $550 million to $680 million (performance letters of credit increased from $250 million to $309 million and borrowings or additional performance or financial letters of credit increased from $300 million to $371 million). On June 6, 2024, an additional lender joined the Credit Agreement, providing an increase in total commitments from $680 million to $720 million (performance letters of credit increased to $327 million and revolving loan borrowings or additional performance or financial letters of credit increased to $393 million). In addition, we amended the Credit Agreement to allow for future increases in total commitments of up to $1 billion.

As of December 31, 2024, we had zero borrowings outstanding under the Credit Agreement, and $382 million of letters of credit outstanding, consisting of the $291 million ($279 million for performance letters of credit and $12 million for financial letters of credit) under the Credit Agreement and another $91 million under various uncommitted bi-lateral facilities (of which there was $49 million in cash collateral held and recorded in “Restricted Cash” on the Consolidated Balance Sheets).

As of December 31, 2023, we had zero borrowings outstanding under the Credit Agreement, and $376 million of letters of credit outstanding, consisting of the $270 million ($218 million for performance letters of credit and $52 million for financial letters of credit) under the Credit Agreement and another $106 million under various uncommitted bi-lateral facilities (of which there was $101 million in cash collateral held and recorded in “Restricted Cash” on the Consolidated Balance Sheets).

Covenants for the 2030 Senior Notes and Credit Agreement

The indentures governing the 2030 Senior Notes contain covenants that limit, among other things, our ability and the ability of certain of our subsidiaries, to: incur, assume or guarantee additional indebtedness; pay dividends or distributions on capital stock or redeem or repurchase capital stock; make investments; sell stock of our subsidiaries; transfer or sell assets; create liens; enter into transactions with affiliates; and enter into mergers or consolidations. The Company is subject to a $250 million minimum liquidity covenant which may increase up to $400 million dependent on the nature of transactions we may decide to enter into, a minimum interest coverage ratio of 2.50 to 1.00, a maximum total net leverage ratio of 3.50 to 1.00, and a maximum secured net leverage ratio of 1.50 to 1.00.

The following is a summary of scheduled debt maturities by year:


(Dollars in millions)	Amount
2025	$	17
2026	15
2027	10
2028	5
2029	1
Thereafter	1,597
Total Debt Maturities	$	1,645
Unamortized Debt Issuance and Discount	$	(11)
Total Debt Carrying Value	$	1,634

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)	2024		2023		2022








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)	2024		2023
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

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Income per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Income per Share

15 – Income per Share

A reconciliation of the number of weighted average shares used for the basic and diluted income (loss) per share calculation for the periods presented was as follows:


	Year Ended December 31,
(Shares in millions)	2024		2023		2022
Net Income Attributable to Weatherford	$	506	$	417	$	26

Basic Weighted Average Shares Outstanding	73.0		71.9		70.5
Dilutive Effect of Awards Granted in Stock Incentive Plans	1.9		1.7		1.1
Diluted Weighted Average Shares Outstanding	74.9		73.6		71.6

Basic Income Per Share Attributable to Weatherford	$	6.93	$	5.79	$	0.37
Diluted Income Per Share Attributable to Weatherford	$	6.75	$	5.66	$	0.36

Antidilutive Weighted Average Shares:
Warrants	—		7.4		7.8
Equity Awards	0.4		0.7		0.6
Total Antidilutive Weighted Average Shares	0.4		8.1		8.4

Basic income per share for all periods presented equals net income divided by our weighted average shares outstanding during the period. Diluted income per share is computed by dividing net income available to shareholders by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Antidilutive shares represent securities that could dilute income per share in the future, and are excluded from the computation of income per share.

Warrants to purchase 7.8 million ordinary shares at $99.96 per share were issued on December 13, 2019 and expired on December 13, 2023. For the years ended December 31, 2023 and December 31, 2022 the warrants were excluded from the diluted weighted average shares outstanding as the exercise price of the warrants was greater than the average market price of the Company’s ordinary shares.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of weighted average assumption rates

The weighted average assumption rates used for benefit obligations were as follows:


	Year Ended December 31,
	2024	2023
Discount rate:
United States Plans	4.75%	4.75% - 5.00%
International Plans	3.13% - 10.60%	2.90% - 11.38%
Rate of Compensation Increase:
United States Plans	—	—
International Plans	2.00% - 3.00%	2.00% - 3.00%

Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant under Incentive Plans	8.6
Number of shares available for grant under Incentive Plans	2.0
Share-Based Compensation	$ 45	$ 35	$ 25
Unrecognized compensation cost	43
Cash used to settle RSUs	$ 1	$ 1	$ 2
Restricted share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, period for recognition	2 years
Weighted-average grant date fair value	$ 93.98	$ 54.85	$ 30.90
Total fair value of awards vested during the period	$ 28	$ 34	$ 20
Performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value	$ 120.13	$ 70.91	$ 23.14
Total fair value of awards vested during the period	$ 118	$ 0
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Minimum \| Performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target percentage	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Maximum \| Performance units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target percentage	200.00%

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

1 – Summary of Significant Accounting Policies

Organization and Nature of Operations

Weatherford International plc (“Weatherford Ireland”), an Irish public limited company, together with its subsidiaries (“Weatherford,” the “Company,” “we,” “us” and “our”), is a multinational energy services company. Weatherford is one of the world’s leading providers of equipment and services used in the drilling, evaluation, completion, production and intervention of oil, geothermal and natural gas wells. We conduct business in approximately 75 countries and have service and sales locations in oil and natural gas producing regions globally.

Basis of Presentation and Principles of Consolidation

The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Exchange Act for annual financial information. We consolidate all wholly owned subsidiaries and controlled joint ventures and eliminate intercompany balances in consolidation.

Certain reclassifications have been made to the financial statements and accompanying footnotes to conform to the Company’s current period presentation.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported amounts of revenues and expenses during the reporting period, and disclosure of contingent liabilities. On an on-going basis, we evaluate our estimates and assumptions, including those related to allowance for credit losses, inventory valuation reserves, recoverability of long-lived assets, useful lives used in depreciation and amortization, income taxes and related valuation allowance, accruals for contingencies, valuation of derivative financial instruments, actuarial assumptions to determine costs and liabilities related to employee benefit plans, and share-based compensation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.

Cash and Cash Equivalents

We consider all highly liquid investments with original maturities of three months or less to be cash equivalents.

Restricted Cash

Our restricted cash balance of $59 million at December 31, 2024 and $105 million at December 31, 2023 primarily includes cash collateral for certain of our letters of credit facilities.

Accounts Receivables and Allowance for Credit Losses

Substantially all of our customers are in fossil fuel-related industries and thus this concentration of customers may impact our overall exposure to credit risk, either positively or negatively, in that customers may be similarly affected by changes in economic and industry conditions. We perform periodic credit evaluations of our customers and do not generally require collateral in support of our trade receivables.

We establish an allowance for credit losses based on various factors, including historical experience, current conditions and environments in which our customers operate, the aging status and reasonable and supportable forecasts. The determination of the collectability requires us to use estimates and make judgments regarding future events and trends, including monitoring our customers’ payment history and current creditworthiness, as well as consideration of the overall business and political climate in which our customers operate. Risk profiles can vary between larger and smaller independent customers as well as between state-owned customers. Account balances are charged against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

As of December 31, 2024 and December 31, 2023, Mexico accounted for 31% and 27% of our total net outstanding accounts receivables, respectively, of which our largest customer in the country accounted for 26% and 22% of our total net outstanding accounts receivables, respectively. Our largest customer in Mexico has a history of making late payments and, in more recent periods, has utilized third-party financial institutions to pay certain of our receivables. The balances due are not in dispute, however additional or continued delays in customer payments in the future could differ from historical practice and management’s current expectations, and delays or failures to pay or defaults, if any, could negatively impact future results of the Company.

During the twelve months ended December 31, 2024, we paid an immaterial amount of fees to third-party financial institutions related to collections of certain receivables from our largest customer in Mexico. Pursuant to such arrangements, we received $484 million during the twelve months ended December 31, 2024.

As of December 31, 2024 and December 31, 2023, the U.S. accounted for less than 10% and 11% of our total net accounts receivables, respectively. No other country or individual customer accounted for more than 10% of our total net outstanding accounts receivables.

Inventories

We state our inventories at the lower of cost or net realizable value using either the first-in, first-out (“FIFO”) or average cost method. Cost represents third-party invoice or production cost. Production cost includes material, labor and manufacturing overhead. To maintain a carrying value that is the lower of cost or net realizable value, we regularly review inventory quantities on hand and compare to estimates of future product demand, market conditions, our production requirements, and technological developments. We maintain reserves for excess, slow moving and obsolete inventory and we may periodically recognize additional charges for inventory in which we determine there is no forecasted demand.

Property, Plant and Equipment (“PP&E”)

PP&E is both owned and under finance leases. Owned PP&E are initially stated at cost and finance leases are initially stated at the present value of lease payments. Both are depreciated on straight-line basis over its estimated useful life. Subsequently, PP&E is measured at cost less accumulated depreciation and adjusted for impairment, when applicable. The carrying values are based on our estimates and judgments relative to capitalized costs, useful lives and salvage value, where applicable. We expense maintenance and repairs as incurred and capitalize expenditures for improvements as well as renewals and replacements that extend the useful life of the asset.

We estimate the useful lives of our PP&E over their respective lease terms, if applicable, or as follows:


Assets			Estimated Useful Lives
Buildings and leasehold improvements			10 – 40 years
Rental and service equipment			3 – 10 years
Machinery and other			2 – 12 years

Intangible Assets

Our identifiable intangible assets include developed and acquired technologies and our trade names, amortized on a straight-line basis over their estimated economic lives, generally ranging from 5 years (developed and acquired technologies) to 10 years (trade names). As many areas of our business rely on patents and proprietary technology, we seek patent protection both inside and outside the U.S. for products and methods that appear to have commercial significance. We capitalize patent defense costs when we determine that a successful defense is probable.

Leases

We are committed under various operating lease agreements primarily related to office space and equipment. Generally, these leases include renewal provisions and rental payments, which may be adjusted for taxes, insurance and maintenance related to the property. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term.

Operating lease assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date and include related options to extend or terminate lease terms that are reasonably certain of being exercised. We determine if an arrangement is classified as a lease at its inception. As most of our leases do not provide an implicit rate of return, on a quarterly basis, we use our incremental borrowing rate, together with the lease term information available at commencement date of the lease, in determining the present value of lease payments.

Long-Lived Assets Impairment

Long-lived assets, consisting of PP&E, operating lease assets and intangible assets, to be held and used are reviewed to determine whether any events or changes in circumstances, known as triggering events, indicate that we may not be able to recover the carrying amount of the asset group. Triggering events include, but are not limited to, reduced or expected sustained decreases in cash flows generated by an asset group, negative changes in industry conditions (such as global rig count, commodity prices, and the global economy), a significant change in the long-lived assets’ use or physical condition, the introduction of competing technologies, and legal and regulatory challenges. The Company groups individual assets at the lowest level of identifiable cash flows and, if impairment triggers are present, performs an undiscounted cash flow analysis to identify asset groups that may not be recoverable. If the undiscounted cash flows do not exceed the carrying value of the long-lived asset group, impairment is recognized to the extent the carrying amount exceeds the estimated fair value of the asset group, as determined by a discounted cash flow analysis.

Research and Development Expenditures

Research and development expenditures are expensed as incurred.

Derivative Financial Instruments

We primarily enter into foreign currency forward contracts to mitigate the volatility of foreign exchange related gains and losses on the income statement and the risk of future cash flows denominated in a foreign currency. The amounts will fluctuate, depending on exchange rate volatility, the volume of our foreign currency transactions, and our decisions to hedge. During 2024 and 2023 we entered into CDSs. The notional amounts of our foreign currency forward contracts and the CDSs do not generally represent cash amounts exchanged by the parties and are calculated based on the terms of the derivative instrument.

Our foreign currency forward contracts and the CDS are undesignated hedging instruments under Accounting Standards Codification “ASC” 815 Derivatives and Hedging. We record these derivative instruments on the balance sheet at their fair value as either assets or liabilities. See “Note 10 – Derivative Financial Instruments” for additional information.

The fair values of our outstanding derivative instruments are determined using models with either Level 2 or Level 3 inputs. See “Note 9 – Fair Value of Financial Instruments, Assets and Other Assets” for additional information.

Foreign Currency

Results of operations for our foreign subsidiaries with functional currencies other than the U.S. dollar are translated using average exchange rates during the period. Assets and liabilities translated using the exchange rates in effect at the balance sheet dates are included in “Accumulated Other Comprehensive Loss” on the accompanying Consolidated Statements of Shareholders' Equity.

For our subsidiaries with a functional currency that differs from the currency of their balances and transactions, inventories, PP&E and other non-monetary assets and liabilities, together with their related elements of expense or income, are remeasured into the functional currency using historical exchange rates. All monetary assets and liabilities are remeasured into the functional currency at current exchange rates. Remeasurement gains and losses are recognized during the period incurred and recognized in “Other Expense, Net” on the accompanying Consolidated Statements of Operations.

Share-Based Compensation

We account for share-based payment awards by recognizing the grant date fair value as an expense, net of forfeitures, over the service period, which is usually the vesting period. The fair value and associated expense is adjusted when the published price of our stock changes for share-based awards we intend to settle in cash. We record share-based compensation in “Selling, General and Administrative” on the accompanying Consolidated Statements of Operations.

Income Taxes

We account for taxes under the asset and liability method. Income taxes have been provided based upon the tax laws and rates in the countries in which our operations are conducted and income is earned. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance for deferred tax assets is recorded when it is more likely than not that some or all of the benefit from the deferred tax asset will not be realized. The impact of an uncertain tax position taken or expected to be taken on an income tax return is recognized in the financial statements at the largest amount that is more likely than not to be sustained upon examination by the relevant taxing authority.

Disputes, Litigation and Contingencies

We accrue an estimate of costs to resolve certain disputes, legal matters and contingencies when a loss on these matters is deemed probable and reasonably estimable. For matters not deemed probable or not reasonably estimable, we have not accrued any amounts. Our contingent loss estimates are based upon an analysis of potential results, assuming a combination of possible litigation and settlement strategies. The accuracy of these estimates is impacted by the complexity of the associated issues.

Revenue Recognition

We account for revenue in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606), and all of the related amendments, collectively referred to as “Topic 606.” Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The majority of our revenue is derived from short-term contracts. Our products and services are generally sold based upon purchase orders, contracts or other legally enforceable arrangements with our customers that include fixed or determinable prices but do not generally include right of return provisions or other significant post-delivery obligations.

If the terms of a service contract give us the right to invoice the customer for an amount that corresponds directly with the value of our performance completed to date, revenues are recognized at the amount to which we have the right to invoice.

For certain long-term contracts, our revenue is recognized for services over time as the services are rendered and we utilize an output method such as time elapsed or footage drilled, which coincides with how customers receive the benefit.

We lease drilling tools, artificial lift pumping equipment and other unmanned equipment to customers as operating leases. These equipment rental revenues are generally provided based on call-out work orders that include fixed per unit prices and are derived from short-term contracts. Equipment rental revenues are recognized under ASU No. 2016-02, Leases (Topic 842) and are recorded within “Services Revenue” on the accompanying Consolidated Statements of Operations.

Contract Balances

The timing of revenue recognition, billings and cash collections results in billed and unbilled accounts receivable (included in “Accounts Receivable, Net”), contract assets (included in “Other Current Assets” and “Other Non-Current Assets”), and contract liabilities (included in “Other Current Liabilities” and “Other Non-current Liabilities”) on our Consolidated Balance Sheets. We recognize receivables for work completed on service contracts but not billed in which the rights to consideration are conditional as contract assets. We recognize contract liabilities when consideration is received in advance of the recognition of revenue.

Performance Obligations

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied.

We generally bill our sales of products and services upon completion of the performance obligation. Product sales and services are billed and recognized when control passes to the customer. Our products are produced in a standard manufacturing operation, even if produced to our customer’s specifications. Our payment terms vary by the type and location of our customer and the products or services offered. For certain products or services and customer types, we require payment before the products or services are delivered to the customer and record as a contract liability. We defer revenue recognition on such payments until the products or services are delivered to the customer.

Revenue is occasionally generated from contracts that include multiple performance obligations, such as product sales with related installation and/or maintenance services. The consideration in the contract is allocated between separate products and services based on their standalone selling prices (determined based on the prices at which we separately sell our products and services).

We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

Income per Share

Basic income per share for all periods presented equals net income divided by the weighted average shares outstanding during the period including participating securities. Diluted income per share is computed by dividing net income by our weighted average shares outstanding during the period including participating securities and any potential dilutive shares, when applicable.

Accounting Standards Newly Adopted

The Company has adopted ASU 2023-07, Segment Reporting (Topic 280)-Improvements to Reportable Segment Disclosures as issued by the Financial Accounting Standards Board (“FASB”) in November 2023, which is an update that improves reportable segment disclosure requirements. Other than providing additional disclosures related to our segments, the adoption did not materially impact our financial statements. See “Note 2 – Segment Information” in our Notes to Consolidated Financial Statements.

Accounting Standards Issued Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, an update that improves income statement expense disclosure requirements. Under ASU 2024-03 issuers will be required to incorporate new tabular disclosures disaggregating prescribed expense categories within relevant income statement captions in the notes to their financial statements. These categories include purchases of inventory, employee compensation, depreciation and intangible asset amortization. The amendments are effective for fiscal years beginning after December 15, 2026 and should be applied prospectively. We expect to adopt ASU 2024-03 in our 2027 Form 10-K. The adoption of ASU 2024-03 will require us to provide additional disclosures related to certain income statement expenses, but otherwise will not materially impact our financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, an update that improves income tax disclosure requirements. Under ASU 2023-09, issuers must annually (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The amendments are effective for fiscal years beginning after December 15, 2024 and should be applied prospectively. We expect to adopt ASU 2023-09 in our 2025 Form 10-K. The adoption of ASU 2023-09 will require us to provide additional disclosures related to our income taxes, but otherwise will not materially impact our financial statements.

Evaluations of all other new accounting pronouncements that have been issued, but not yet effective are on-going, and at this time are not expected to have a material impact on our Consolidated Financial Statements.

Inventories, Net

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventories, Net

4 – Inventories, Net

Inventories, net of reserves of $115 million and $121 million as of December 31, 2024 and December 31, 2023, respectively, by category were as follows:


	December 31,
(Dollars in millions)	2024		2023
Finished Goods	$	778	$	688
Work in Process and Raw Materials, Components and Supplies	102		100
Inventories, Net	$	880	$	788

The change in inventory reserves includes inventory charges primarily offset by the disposal of inventory previously reserved. The charges are primarily recorded in “Cost of Products” on our Consolidated Statements of Operations in the amount of $32 million, $19 million and $36 million, in 2024, 2023 and 2022, respectively.

Blue Chip Swap Securities - Argentina	12 Months Ended
Blue Chip Swap Securities - Argentina	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Blue Chip Swap Securities - Argentina	17 – Blue Chip Swap Securities - Argentina The functional currency for our Argentine operations is the U.S. dollar and we use Argentina’s official exchange rate to remeasure our Argentine peso-denominated net monetary assets into U.S. dollars at each balance sheet date. The Central Bank of Argentina has maintained certain currency controls that limited our ability to access U.S. dollars in Argentina and to remit cash from our Argentine operations. An indirect foreign exchange mechanism known as a Blue Chip Swap (“BCS”) allows entities to remit U.S. dollars from Argentina through the purchase and sale of BCS securities. During each of the years ended December 31, 2024 and 2023, we completed a series of BCS transactions at implied exchange rates (“BCS rates”) that were approximately 26% and 106% higher, respectively, than the official exchange rate, resulting in a loss of $10 million and $57 million, respectively. We continue to use the official exchange rate for remeasurement of our Argentine peso-denominated net monetary assets under U.S. GAAP as the BCS rates do not meet the criteria for remeasurement under U.S. GAAP.

Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,001	$ 1,840
Less: Accumulated Depreciation	940	883
Property, Plant and Equipment, Net	1,061	957
Depreciation	185	171	$ 194
Land, Buildings and Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	498	482
Rental and Service Equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,213	1,092
Machinery and Other
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 290	$ 266

Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Financial information by segment


	Year Ended December 31, 2024
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	1,682	$	1,976	$	1,452	$	403	$	5,513

Direct Costs(a)	(1,007)		(1,174)		(955)
Other Expense(b)	(208)		(238)		(178)
DRE Segment Adjusted EBITDA	467								467
WCC Segment Adjusted EBITDA			564						564
PRI Segment Adjusted EBITDA					319				319

All Other									84
Corporate									(52)

Depreciation and Amortization									(343)
Share-based Compensation (c)									(45)







































Other Charges									(56)








Operating Income									$	938

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

(c)See “Note 13 – Share-Based Compensation” for additional information.


	Year Ended December 31, 2023
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	1,536	$	1,800	$	1,472	$	327	$	5,135

Direct Costs(a)	(920)		(1,091)		(953)
Other Expense(b)	(194)		(254)		(196)
DRE Segment Adjusted EBITDA	422								422
WCC Segment Adjusted EBITDA			455						455
PRI Segment Adjusted EBITDA					323				323

All Other									38
Corporate									(52)

Depreciation and Amortization									(327)
Share-based Compensation (c)									(35)







































Other Charges									(4)








Operating Income									$	820

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

(c)See “Note 13 – Share-Based Compensation” for additional information.


	Year Ended December 31, 2022
	Reportable Segments						All
(Dollars in millions)	DRE		WCC		PRI		Other		Total
Revenue	$	1,328	$	1,521	$	1,395	$	87	$	4,331

Direct Costs(a)	(833)		(995)		(950)
Other Expense(b)	(171)		(227)		(184)
DRE Segment Adjusted EBITDA	324								324
WCC Segment Adjusted EBITDA			299						299
PRI Segment Adjusted EBITDA					261				261

All Other									1
Corporate									(68)

Depreciation and Amortization									(349)
Share-based Compensation (c)									(25)







































Other Charges									(31)








Operating Income									$	412

(a)Segment cost of sales and direct operating costs.

(b)Segment selling, general and administrative and research and development costs.

(c)See “Note 13 – Share-Based Compensation” for additional information.


	Year Ended December 31,
(Dollars in millions)	2024		2023		2022
Depreciation and Amortization:
DRE	$	113	$	102	$	112
WCC	93		95		99
PRI	91		84		86

Corporate and Other	46		46		52
Total Depreciation and Amortization	$	343	$	327	$	349

Capital Expenditures:
DRE	$	108	$	104	$	54
WCC	57		49		35
PRI	77		34		32
Corporate and Other	57		22		11
Total Capital Expenditures	$	299	$	209	$	132


	December 31,
(Dollars in millions)	2024		2023
Total Assets:
DRE	$	925	$	766
WCC	1,040		1,066
PRI	789		702

Corporate and Other (a)	2,405		2,534
Total	$	5,159	$	5,068
(a) Corporate and other total assets primarily include cash and cash equivalents, certain intangible assets, and centrally managed or shared facilities.

Long-lived Assets by Geographic Areas


	December 31,
(Dollars in millions)	2024		2023
North America (a)	$	293	$	280
Latin America	195		177
Middle East/North Africa/Asia	443		393
Europe/Sub-Sahara Africa/Russia	219		211
PP&E, Net and Operating Lease Assets by Geography (b)	$	1,150	$	1,061
(a) North America consists of the U.S. and Canada.
(b) Corporate assets not allocated by geography are excluded from this total.

Intangible Assets, Net - Amortization of Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 158	$ 156	$ 155
2025	58
2026	58
2027	57
2028	56
2029	$ 51

Income per Share - Narrative (Details) shares in Millions	Dec. 13, 2019 $ / shares shares
Earnings Per Share [Abstract]
Warrants (in shares) \| shares	7.8
Warrants exercise price (in dollars per share) \| $ / shares	$ 99.96

Fair Value of Financial Instruments, Assets and Other Assets (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair value and carrying value of Long-term Debt

The fair value of our long-term debt (excluding Finance Leases) in the following table is classified as Level 2 in the fair value hierarchy and is established based on observable inputs in less active markets.


	December 31, 2024				December 31, 2023
(Dollars in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
6.5% Senior Secured Notes due 2028	—		—		243		258
8.625% Senior Notes due 2030	1,586		1,650		1,587		1,673
Long-Term Debt (excluding Finance Leases)	$	1,586	$	1,650	$	1,830	$	1,931

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Houston, TX
Auditor Firm ID	185

Fair Value of Financial Instruments, Assets and Other Assets

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments, Assets and Other Assets

9 – Fair Value of Financial Instruments, Assets and Other Assets

We estimate fair value at a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market for the asset or liability. Our valuation techniques require inputs that we categorize using a three-level hierarchy, from highest to lowest level of observable inputs. Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs are quoted prices or other market data for similar assets and liabilities in active markets, or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based upon our own judgment and assumptions used to measure assets and liabilities at fair value. Classification of a financial asset or liability within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. The fair values of our foreign currency forward contracts (see “Note 10 – Derivative Financial Instruments”), warrants (before their expiration, see “Note 15 – Income per Share”), and plan assets of defined benefit pension plans (see “Note 11 – Employee Benefit Plans”) are all Level 2 valuations and the fair value of the credit default swap is a Level 3 valuation (see “Note 10 – Derivative Financial Instruments”).

Our other financial instruments include cash and cash equivalents, accounts receivable, accounts payable, short-term borrowings and long-term debt. The carrying values of these financial instruments (excluding long-term debt) approximate their fair value due to their short maturities.

The fair value of our long-term debt fluctuates with changes in applicable interest rates among other factors. Fair value will exceed carrying value when the current market interest rate is lower than the interest rate at which the debt was originally issued and will be less than the carrying value when the current market interest rate is greater than the interest rate at which the debt was originally issued. The fair value of our long-term debt (excluding Finance Leases) in the following table is classified as Level 2 in the fair value hierarchy and is established based on observable inputs in less active markets.


	December 31, 2024				December 31, 2023
(Dollars in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
6.5% Senior Secured Notes due 2028	—		—		243		258
8.625% Senior Notes due 2030	1,586		1,650		1,587		1,673
Long-Term Debt (excluding Finance Leases)	$	1,586	$	1,650	$	1,830	$	1,931

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

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

Borrowings and Other Debt Obligations - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2024	Jun. 06, 2024 USD ($)	Apr. 22, 2024 USD ($)	Oct. 24, 2023 USD ($)	Sep. 30, 2023 USD ($)	Oct. 17, 2022 USD ($)	Oct. 27, 2021	Sep. 30, 2021	Dec. 13, 2019 USD ($)
Debt Instrument [Line Items]
Unpaid principal	$ 1,645
Unamortized deferred issuance cost	11
Minimum liquidity, may increase, amount								$ 400
Minimum interest coverage ratio								2.50
Maximum net leverage ratio								3.50
Maximum secured net leverage ratio								1.50
Minimum liquidity amount								$ 250
Senior Notes \| Exit Notes, 11.00% due 2024
Debt Instrument [Line Items]
Stated interest rate on debt											11.00%
Face amount of debt											$ 2,100
Repayments of long-term debt		$ 125
Senior Notes \| Senior Notes 6.5% due 2028
Debt Instrument [Line Items]
Stated interest rate on debt			6.50%							6.50%
Face amount of debt							$ 500
Repayments of long-term debt	248
Senior Notes \| Senior Notes 8.625% due 2030
Debt Instrument [Line Items]
Stated interest rate on debt									8.625%
Face amount of debt		1,600
Repurchased face amount	4
Unpaid principal	1,600
Unamortized deferred issuance cost	11	13
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	720			$ 720	$ 680	$ 550
Minimum liquidity	250
Minimum liquidity, may increase, amount	$ 400
Minimum interest coverage ratio	2.50
Maximum net leverage ratio	3.50
Maximum secured net leverage ratio	1.50
Future increases in total commitments, maximum				1,000
Borrowings outstanding	$ 0	0
Letters of credit outstanding, amount	382	376
Line of Credit \| Credit Agreement
Debt Instrument [Line Items]
Letters of credit outstanding, amount	291	270
Line of Credit \| Borrowings or Additional Performance or Financial Letters of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				393	371	300
Line of Credit \| Performance Letters of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 327	$ 309	$ 250
Letters of credit outstanding, amount	279	218
Line of Credit \| Financial Letters of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount	12	52
Line of Credit \| Bi-Lateral Facilities
Debt Instrument [Line Items]
Letters of credit outstanding, amount	91	106
Letters of credit outstanding, cash collateral	$ 49	$ 101

Summary of Significant Accounting Policies - Accounts Receivables and Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Collection of receivables	$ (31)	$ (221)	$ (193)
Mexico \| Largest customer
Concentration Risk [Line Items]
Collection of receivables	$ 484
Accounts Receivable \| Mexico \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	31.00%	27.00%
Accounts Receivable \| Mexico \| Customer Concentration Risk \| Largest customer
Concentration Risk [Line Items]
Concentration risk percentage	26.00%	22.00%
Accounts Receivable \| United States (Federal) \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	10.00%	11.00%

Revenue - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Revenue - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Equipment rental revenue	$ 151	$ 142	$ 146
Mexico \| Revenue Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk percentage	12.00%	13.00%
Mexico \| Revenue Benchmark \| Customer Concentration Risk \| Largest customer
Disaggregation of Revenue [Line Items]
Concentration risk percentage	10.00%	10.00%
United States (Federal) \| Revenue Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk percentage	15.00%	16.00%	20.00%
Saudi Arabia \| Revenue Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk percentage	10.00%

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical)

12 Months Ended

Dec. 31, 2024

$ / shares

Statement of Stockholders' Equity [Abstract]

Dividends Declared (in dollars per share)

$ 0.25

^[1]

[1]	(2) Includes dividend equivalent rights on share-based awards.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Principles of Consolidation

Reclassifications

Certain reclassifications have been made to the financial statements and accompanying footnotes to conform to the Company’s current period presentation.

Use of Estimates

Cash and Cash Equivalents and Restricted Cash

Cash and Cash Equivalents

We consider all highly liquid investments with original maturities of three months or less to be cash equivalents.

Restricted Cash

Our restricted cash balance of $59 million at December 31, 2024 and $105 million at December 31, 2023 primarily includes cash collateral for certain of our letters of credit facilities.

Accounts Receivables and Allowance for Credit Losses

Inventories

Property, Plant and Equipment

Property, Plant and Equipment (“PP&E”)

We estimate the useful lives of our PP&E over their respective lease terms, if applicable, or as follows:


Assets			Estimated Useful Lives
Buildings and leasehold improvements			10 – 40 years
Rental and service equipment			3 – 10 years
Machinery and other			2 – 12 years

Intangible Assets

Leases

Long-Lived Assets Impairment

Research and Development Expenditures

Research and development expenditures are expensed as incurred.

Derivatives Financial Instruments

Derivative Financial Instruments

Foreign Currency

Share-Based Compensation

Income Taxes

Disputes, Litigation and Contingencies

Revenue Recognition, Contract Balances and Performance Obligations

Revenue Recognition

Contract Balances

Performance Obligations

Income per Share

Accounting Standards Newly Adopted and Issued Not Yet Adopted

Accounting Standards Newly Adopted

Accounting Standards Issued Not Yet Adopted

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Weatherford	$ 506	$ 417	$ 26

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

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-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

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-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

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-Name Accounting Standards Codification
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+ Details

Income Taxes - Schedule of Components of Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Total Current Provision	$ (181)	$ (143)	$ (83)
Total Deferred (Provision) Benefit	(8)	86	(4)
Income Tax Provision	$ (189)	$ (57)	$ (87)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

+ Details

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and Cash Equivalents	$ 916	$ 958
Restricted Cash	59	105
Accounts Receivable, Net of Allowance for Credit Losses of $8 at December 31, 2024 and $16 at December 31, 2023	1,261	1,216
Inventories, Net	880	788
Other Current Assets	286	278
Total Current Assets	3,402	3,345
Property, Plant and Equipment, Net of Accumulated Depreciation of $940 at December 31, 2024 and $883 at December 31, 2023	1,061	957
Intangible Assets, Net of Accumulated Amortization of $793 at December 31, 2024 and $639 at December 31, 2023	325	370
Operating Lease Assets	124	138
Other Non-current Assets	247	258
Total Assets	5,159	5,068
Liabilities:
Current Portion of Long-term Debt	17	168
Accounts Payable	792	679
Accrued Salaries and Benefits	302	387
Income Taxes Payable	129	138
Current Portion of Operating Lease Liabilities	44	46
Other Current Liabilities	412	448
Total Current Liabilities	1,696	1,866
Long-term Debt	1,617	1,715
Operating Lease Liabilities	110	131
Non-current Taxes Payable	274	282
Other Non-current Liabilities	179	152
Total Liabilities	3,876	4,146
Shareholders’ Equity:
Ordinary Shares - Par value $0.001; Authorized 1,356, Issued and Outstanding 72.1 at December 31, 2024 and 72.1 at December 31, 2023	0	0
Capital in Excess of Par Value	2,921	2,906
Retained Deficit	(1,486)	(1,954)
Accumulated Other Comprehensive Loss	(150)	(28)
Shareholders’ Equity	1,285	924
Noncontrolling Interests	(2)	(2)
Total Shareholders’ Equity	1,283	922
Total Liabilities and Shareholders’ Equity	$ 5,159	$ 5,068

Inventories, Net - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory charges	$ 32	$ 19	$ 36

Revenue - Contract Balances (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Accounts receivable	$ 1,261	$ 1,216
Accounts Receivable, Allowance for Credit Losses	8	16
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
Product and Services
Disaggregation of Revenue [Line Items]
Accounts receivable	1,232	1,182
Equipment Rentals
Disaggregation of Revenue [Line Items]
Accounts receivable	$ 29	$ 34

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred Tax Assets:
Net Operating Losses Carryforwards	$ 585	$ 715
Unused Recognized Built in Losses	47	46
Accrued Liabilities and Reserves	138	191
Tax Credit Carryforwards	13	10
Employee Benefits	29	38
Property, Plant and Equipment	109	145
Inventory	34	33
U.S. Interest Deferral	58	59
Tax Base Adjustment	53	59
State Deferred	57	62
Other Differences between Financial and Tax Basis	142	108
Valuation Allowance	(1,122)	(1,316)
Total Deferred Tax Assets	143	150
Deferred Tax Liabilities:
Intangible Assets	(17)	(18)
Other Differences between Financial and Tax Basis	(22)	0
Total Deferred Tax Liabilities	(39)	(18)
Net Deferred Tax Asset	$ 104	$ 132

Income Taxes Schedule of Unrecognized Tax Benefits Roll Forward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Unrecognized Tax Benefits, Beginning Balance	$ 203	$ 191	$ 235
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	7	9	14
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(2)	(12)	(15)
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	13	19	11
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(5)	(3)	(36)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(8)	(6)	(11)
Unrecognized Tax Benefits, Increase (Decrease) Resulting from Foreign Currency Translation	(7)	5	(7)
Unrecognized Tax Benefits, Ending Balance	$ 201	$ 203	$ 191

Income per Share - Reconciliation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Attributable to Weatherford	$ 506	$ 417	$ 26
Basic Weighted Average Shares Outstanding (in shares)	73.0	71.9	70.5
Dilutive Effect of Awards Granted in Stock Incentive Plans (in shares)	1.9	1.7	1.1
Diluted Weighted Average Shares Outstanding (in shares)	74.9	73.6	71.6
Basic Income Per Share Attributable to Weatherford (in dollars per share)	$ 6.93	$ 5.79	$ 0.37
Diluted Income Per Share Attributable to Weatherford (in dollars per share)	$ 6.75	$ 5.66	$ 0.36
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Shares (in shares)	0.4	8.1	8.4
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Shares (in shares)	0.0	7.4	7.8
Share-Based Payment Arrangement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Shares (in shares)	0.4	0.7	0.6

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false