Weatherford International plc Revenue Disclosure
| Year Ended December 31, | |||||||||||
| (Dollars in millions) | 2025 | 2024 | 2023 | ||||||||
Revenue by Geographic Areas: | |||||||||||
North America (a) | $ | 983 | $ | 1,046 | $ | 1,068 | |||||
International | 3,935 | 4,467 | 4,067 | ||||||||
Latin America | 898 | 1,393 | 1,387 | ||||||||
Europe/Sub-Sahara Africa/Russia | 921 | 951 | 865 | ||||||||
Middle East/North Africa/Asia | 2,116 | 2,123 | 1,815 | ||||||||
Total Revenue | $ | 4,918 | $ | 5,513 | $ | 5,135 | |||||
| December 31, | ||||||||
| (Dollars in millions) | 2025 | 2024 | ||||||
| Receivables for Product and Services in Accounts Receivable, Net | $ | 1,209 | $ | 1,232 | ||||
| Receivables for Equipment Rentals in Account Receivable, Net | $ | 25 | $ | 29 | ||||
Accounts Receivable, Net of Allowance for Credit Losses of $10 at December 31, 2025 and $8 at December 31, 2024 | $ | 1,234 | $ | 1,261 | ||||
| Contract Assets in Other Current Assets | $ | 71 | $ | 61 | ||||
| Contract Assets in Other Non-Current Assets | $ | 32 | $ | 34 | ||||
| Contract Liabilities in Other Current Liabilities | $ | 48 | $ | 51 | ||||
| Contract Liabilities in Other Non-Current Liabilities | $ | 2 | $ | 2 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 4, 2026 | Showing above |
| 2024 | Feb 6, 2025 | |
| 2023 | Feb 7, 2024 | |
| 2022 | Feb 8, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Mar 16, 2020 | |
| 2018 | Feb 15, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.