| Summary of Disaggregate Revenue by Destinations and Revenue Streams |
The following tables disaggregate our revenue by destinations and revenue streams, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors (in millions). In the table below, North America includes only the U.S. and Canada:
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Three Months Ended September 30, |
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2026 |
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2025 |
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Energy |
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Energy |
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Energy |
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Products |
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Energy |
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Products |
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Equipment |
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and Services |
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Eliminations |
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Total |
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Equipment |
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and Services |
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Eliminations |
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Total |
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North America |
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$ |
266 |
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$ |
593 |
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$ |
— |
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$ |
859 |
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$ |
275 |
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$ |
537 |
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$ |
— |
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$ |
812 |
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International |
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|
935 |
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|
432 |
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— |
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1,367 |
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|
955 |
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|
409 |
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— |
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1,364 |
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Intersegment revenue |
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19 |
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32 |
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(51 |
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— |
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17 |
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25 |
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(42 |
) |
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— |
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$ |
1,220 |
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$ |
1,057 |
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$ |
(51 |
) |
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$ |
2,226 |
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$ |
1,247 |
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$ |
971 |
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$ |
(42 |
) |
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$ |
2,176 |
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Land |
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$ |
395 |
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$ |
772 |
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$ |
— |
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$ |
1,167 |
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$ |
379 |
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$ |
700 |
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$ |
— |
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$ |
1,079 |
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Offshore |
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|
806 |
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|
253 |
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— |
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|
1,059 |
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|
851 |
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|
246 |
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— |
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|
1,097 |
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Intersegment revenue |
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19 |
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32 |
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(51 |
) |
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— |
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17 |
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25 |
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(42 |
) |
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— |
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$ |
1,220 |
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$ |
1,057 |
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$ |
(51 |
) |
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$ |
2,226 |
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$ |
1,247 |
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$ |
971 |
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$ |
(42 |
) |
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$ |
2,176 |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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Energy |
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Energy |
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Energy |
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Products |
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Energy |
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Products |
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Equipment |
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and Services |
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Eliminations |
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Total |
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Equipment |
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and Services |
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Eliminations |
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Total |
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North America |
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$ |
716 |
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$ |
1,676 |
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$ |
— |
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$ |
2,392 |
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$ |
807 |
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$ |
1,658 |
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$ |
— |
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$ |
2,465 |
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International |
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2,862 |
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|
1,158 |
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— |
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4,020 |
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2,745 |
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1,257 |
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— |
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|
4,002 |
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Intersegment revenue |
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50 |
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|
94 |
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(144 |
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— |
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48 |
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73 |
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(121 |
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— |
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$ |
3,628 |
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$ |
2,928 |
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$ |
(144 |
) |
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$ |
6,412 |
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$ |
3,600 |
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$ |
2,988 |
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$ |
(121 |
) |
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$ |
6,467 |
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Land |
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$ |
1,140 |
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$ |
2,158 |
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$ |
— |
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$ |
3,298 |
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$ |
1,198 |
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$ |
2,192 |
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$ |
— |
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$ |
3,390 |
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Offshore |
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|
2,438 |
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|
676 |
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— |
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3,114 |
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2,354 |
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|
723 |
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— |
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|
3,077 |
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Intersegment revenue |
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50 |
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|
94 |
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(144 |
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— |
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48 |
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73 |
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(121 |
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— |
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$ |
3,628 |
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$ |
2,928 |
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$ |
(144 |
) |
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$ |
6,412 |
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$ |
3,600 |
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$ |
2,988 |
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$ |
(121 |
) |
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$ |
6,467 |
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In the table below, the revenue streams of Energy Equipment are categorized as long-lived capital equipment sales and aftermarket sales and services. The revenue streams of the Energy Products and Services segment are categorized as services and rentals, sales of shorter-lived capital equipment, and sales of consumable products.
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Three Months Ended September 30, |
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2026 |
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|
2025 |
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Energy Equipment: |
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Capital equipment |
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$ |
753 |
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$ |
777 |
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Aftermarket |
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|
448 |
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|
453 |
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Intersegment revenue |
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|
19 |
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|
17 |
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Total |
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1,220 |
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1,247 |
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Energy Products and Services: |
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Services & rental |
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$ |
512 |
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$ |
485 |
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Capital equipment |
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|
333 |
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|
293 |
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Product sales |
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|
180 |
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|
168 |
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Intersegment revenue |
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|
32 |
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|
|
25 |
|
Total |
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1,057 |
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|
971 |
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Eliminations |
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(51 |
) |
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(42 |
) |
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Total consolidated |
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$ |
2,226 |
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$ |
2,176 |
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Nine Months Ended September 30, |
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2026 |
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|
2025 |
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Energy Equipment: |
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Capital equipment |
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$ |
2,250 |
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$ |
2,151 |
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Aftermarket |
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|
1,328 |
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|
1,401 |
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Intersegment revenue |
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|
50 |
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|
48 |
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Total |
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3,628 |
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|
3,600 |
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Energy Products and Services: |
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Services & rental |
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$ |
1,479 |
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$ |
1,493 |
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Capital equipment |
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|
867 |
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|
916 |
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Product sales |
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|
488 |
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|
506 |
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Intersegment revenue |
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|
94 |
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|
|
73 |
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Total |
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|
2,928 |
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|
2,988 |
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Eliminations |
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(144 |
) |
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(121 |
) |
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Total consolidated |
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$ |
6,412 |
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$ |
6,467 |
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