v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total Revenue $ 1,204 $ 1,405 $ 2,397 $ 2,763
Costs and Expenses:        
Research and Development 30 31 59 62
Selling, General and Administrative 164 216 325 421
Gain on Sale of Business (70) 0 (70) 0
Restructuring Charges 11 5 40 8
Other Expense, Net 3 (2) 16 0
Total Costs and Expenses 967 1,141 2,018 2,266
Operating Income 237 264 379 497
Interest Expense, Net of Interest Income of $14, $17, $25 and $31 (21) (24) (47) (53)
Loss on Blue Chip Swap Securities (1) (10) (1) (10)
Other Expense, Net (24) (20) (44) (42)
Income Before Income Taxes 191 210 287 392
Income Tax Provision (46) (73) (56) (132)
Net Income 145 137 231 260
Net Income Attributable to Noncontrolling Interests 9 12 19 23
Net Income Attributable to Weatherford $ 136 $ 125 $ 212 $ 237
Basic Income per Share (in dollars per share) $ 1.87 $ 1.71 $ 2.91 $ 3.25
Basic Weighted Average Shares Outstanding (in shares) 72.2 73.2 72.7 73.1
Diluted Income per Share (in dollars per share) $ 1.87 $ 1.66 $ 2.90 $ 3.16
Diluted Weighted Average Shares Outstanding (in shares) 72.4 75.3 72.9 75.0
Services        
Revenue:        
Total Revenue $ 732 $ 862 $ 1,473 $ 1,727
Costs and Expenses:        
Cost of Services and Products 464 500 928 1,027
Products        
Revenue:        
Total Revenue 472 543 924 1,036
Costs and Expenses:        
Cost of Services and Products $ 365 $ 391 $ 720 $ 748