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Leases - Schedule of Components of Leases (Detail) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current portion of lease liabilities:
Operating	$ 70	$ 71
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total	Total
Financing	$ 30	$ 30
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total	Total
Total	$ 100	$ 101
Long-term portion of lease liabilities:
Operating	$ 293	$ 289
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Total	Total
Financing	$ 227	$ 232
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Total	Total
Total	$ 520	$ 521

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Pay vs Performance Disclosure
Net Income (Loss)	$ 112	$ 108	$ 131	$ 181

- Definition

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

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+ Details

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025
Statement of Stockholders' Equity [Abstract]
Cash dividends, per common share	$ 0.18	$ 0.09	$ 0.285	$ 0.075

Debt - Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Senior Notes	$ 1,589	$ 1,589
Other debt	117	129
Total debt	1,706	1,718
Less current portion	14	30
Long-term debt	1,692	1,688
Senior Notes, Interest at 3.95% Payable Semiannually, Principal Due on December 1, 2042 [Member]
Debt Instrument [Line Items]
Senior Notes	1,092	1,092
Senior Notes, Interest at 3.60% Payable Semiannually, Principal Due on December 1, 2029 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 497	$ 497

- 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.

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+ Details

- Definition

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

+ References

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+ Details

Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Accumulated Other Comprehensive Loss

4. Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss are as follows (in millions):


				Derivative			Employee
	Currency			Financial			Benefit
	Translation			Instruments,			Plans,
	Adjustments			Net of Tax			Net of Tax			Total
Balance at December 31, 2025	$	(1,375	)	$	2		$	(51	)	$	(1,424	)
Accumulated other comprehensive loss before reclassifications		(3	)		—			—			(3	)
Amounts reclassified from accumulated other comprehensive loss		—			(5	)		2			(3	)
Balance at June 30, 2026	$	(1,378	)	$	(3	)	$	(49	)	$	(1,430	)

The components of amounts reclassified from accumulated other comprehensive loss during the three and six months ended June 30, 2026 represent gains and losses reclassified on cash flow hedges when the hedged transaction occurs (see Note 11 to the Consolidated Financial Statements for further discussion) and the amortization of net actuarial gains and losses, prior service credits, settlements, and curtailments, which are included in the computation of net periodic pension cost.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15. Commitments and Contingencies

From time to time, the Company is involved in various claims, regulatory agency audits, investigations and legal actions involving a variety of matters. As of June 30, 2026, in the ordinary course of business, the Company recorded reserves in an amount believed to be sufficient, given the estimated range of potential outcomes, for contingent liabilities believed to be probable. These estimated liabilities are based on the Company’s assessment of the nature of these matters, their progress toward resolution, the advice of legal counsel and outside experts as well as management’s experience. The litigation process and the outcome of regulatory oversight is inherently uncertain, and our best judgment concerning the probable outcome of litigation or regulatory enforcement matters may prove to be incorrect. No assurance can be given as to the outcome of these matters. The total potential loss on these matters cannot be determined; however, in our opinion, any ultimate liability, to the extent not otherwise provided for, should not materially affect our financial position, cash flows or results of operations.

Developments in global trade policy, including tariffs, geopolitical tensions, sanctions, and regulatory changes, have impacted and may continue to influence our operations. In February 2026, the U.S. Supreme Court determined that certain tariffs were unlawful, effectively nullifying the legal basis for some incremental tariffs implemented since February 2025 and sending related cases back to the Court of International Trade. In response, the U.S. administration introduced new tariffs under different authorities, increasing uncertainty around the scope, duration, and potential changes to current and future tariffs, as well as the risk of retaliatory measures. We have submitted Consolidated Administration and Processing of Entries (“CAPE”) Declarations for International Emergency Economic Powers Act (“IEEPA”) duty refunds and are closely monitoring developments to better understand the government’s next steps. For the three months ended June 30, 2026, we have recorded a benefit of approximately $40 million, within “Cost of revenue” in the Consolidated Statements of Income to reflect any benefit from such refunds, of which we have received $17 million through June 30, 2026. The remaining outstanding balance is reported within “Receivables, net” in the Consolidated Balance Sheets.

The Company is currently pursuing litigation against several companies involving royalties due under licenses for technology related to drill bits. This technology resulted in a portfolio of patents related to leaching technology, a revolutionary technology owned by the Company that improves the performance of drill bits and other products utilizing certain synthetic diamond parts. The Company previously sued several drill bit manufacturers for patent infringement and those lawsuits were resolved by a series of licensing agreements with various drill bit manufacturers (the “License Agreements”). To settle and end litigation or to avoid litigation, the licensees were provided access to the portfolio of leaching patents owned by the Company in exchange for a royalty payment, as defined in each License Agreement. The companies agreed to pay the royalties for the right to use the portfolio of patents, whether they used some, all or none of the specific patented claims in any particular patent. The license agreements provide that they terminate on the date of the last to expire of the patents in the licensed portfolio. Having obtained the benefit of these licenses for more than a decade, all of the drill bit manufacturer licensees unilaterally stopped making royalty payments even though all of the patents in the portfolio have not expired. These companies have asserted, among other reasons, that they are entitled to stop making these payments because they claim to not manufacture products covered by the unexpired patents. Some of these companies stopped making payments upon expiration of what are allegedly the patents in the portfolio that they elected to use. Others paid for some period of time after that date but have since stopped making payments. The Company has sued asserting that failure to pay the royalties is a breach of the License Agreements. The Company is in litigation with most of the licensees seeking a judicial determination that it is entitled to be paid royalties pursuant to the terms of the License Agreements. The licensees have responded with a number of alleged defenses and requests for declaratory judgment all focused on avoiding the payments called for under the License Agreements. The parties’ legal filings to date can be found in the following cases: Grant Prideco, Inc., et al. v. Schlumberger Technology Corp., et al., No. 4:23-cv-00730; Halliburton Energy Services, Inc. v. Grant Prideco, Inc., et al., No. 4:23-cv-01789; and Grant Prideco, Inc., et al. v. Baker Hughes Oilfield Operations Inc., et al., No. 4:25-cv-03459, all in the United States District Court for the Southern District of Texas. We have also subsequently initiated litigation against Taurex Drill Bits. The legal filings to date for that proceeding can be found in the case Grant Prideco, Inc., et al. v. Taurex Drill Bits, L.L.C., No. 25-BC11B-0065, in the Eleventh Business Court Division for Harris County, Texas. On September 29, 2025, and October 7, 2025, in the lawsuits against Halliburton, Ulterra and Varel, the district court issued rulings, the effect of which is that NOV cannot collect royalties under the License Agreements after the date each licensee stopped making royalty payments. NOV believes the court’s ruling is incorrect and is appealing the court’s decision, which can be found in the case: Halliburton Energy Services, Inc. v. Grant Prideco, Inc. et al., Nos. 26-1256, 26-1266, In the United States Court of Appeals for the Federal Circuit. The Company continues to strongly believe that the royalties for which it has sued are due and owing pursuant to the terms of the License Agreements. Of course, there is inherent risk with the related litigation and the Company makes no assurances as to the outcome of such litigation. As of June 30, 2026, royalty receivables of $140 million, net of related reserves of $78 million and the remaining timing related discount of $40 million, are included in “Other assets” on the Consolidated Balance Sheets. While we continue to believe it is probable the Company will collect all or substantially all of the consideration to which it is entitled pursuant to the terms of the licensing agreements, the Company will also continue to evaluate the collectability of the receivables in accordance with the allowance for credit losses policy described in Note 6.

Segments (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Business Segments

The following tables present financial data by business segment (in millions):


	Three Months Ended June 30,
	2026						2025
	Energy Equipment			Energy Products and Services			Energy Equipment			Energy Products and Services
Revenue from external customers	$	1,198		$	936		$	1,190		$	998
Intersegment revenue		20			38			17			27
Total revenue		1,218			974			1,207			1,025

Less significant segment expenses:
Cost of revenue		878			701			918			753
Selling, general, and administrative		140			129			131			126
Depreciation and amortization		28			63			28			57
Gain on sales of fixed assets		(7	)		(13	)		(1	)		—
Total significant segment expenses	$	1,039		$	880		$	1,076		$	936
Other segment items (1)		2			9			9			6
Segment operating profit	$	177		$	85		$	122		$	83


	Three Months Ended June 30,
	2026											2025
	Energy Equipment		Energy Products and Services			Elims. and corporate costs (2)			Total			Energy Equipment			Energy Products and Services		Elims. and corporate costs (2)			Total
Segment operating profit	$	177	$	85		$	—		$	262		$	122		$	83	$	—		$	205
Corporate and other unallocated (3)		—		—			(69	)		(69	)		—			—		(62	)		(62	)
Interest and financial costs		—		—			(21	)		(21	)		—			—		(22	)		(22	)
Interest income		—		—			8			8			—			—		10			10
Equity income (loss) in unconsolidated affiliates		2		(7	)		—			(5	)		(1	)		2		—			1
Other expenses, net		—		—			(18	)		(18	)		—			—		(17	)		(17	)
Income before income taxes	$	179	$	78		$	(100	)	$	157		$	121		$	85	$	(91	)	$	115

Other segment information:
Capital expenditures	$	21	$	59		$	1		$	81		$	33		$	48	$	2		$	83


	Six Months Ended June 30,
	2026						2025
	Energy Equipment			Energy Products and Services			Energy Equipment			Energy Products and Services
Revenue from external customers	$	2,377		$	1,809		$	2,322		$	1,969
Intersegment revenue		31			62			31			48
Total revenue		2,408			1,871			2,353			2,017

Less significant segment expenses:
Cost of revenue		1,803			1,371			1,779			1,475
Selling, general, and administrative		274			260			251			251
Depreciation and amortization		57			124			56			116
Goodwill and long-lived asset impairment		—			—			—			—
Gain on sales of fixed assets		(7	)		(12	)		(1	)		(2	)
Total significant segment expenses	$	2,127		$	1,743		$	2,085		$	1,840
Other segment items (1)		11			17			12			11
Segment operating profit	$	270		$	111		$	256		$	166


	Six Months Ended June 30,
	2026											2025
	Energy Equipment		Energy Products and Services			Elims. and corporate costs (2)			Total			Energy Equipment		Energy Products and Services			Elims. and corporate costs (2)			Total
Segment operating profit	$	270	$	111		$	—		$	381		$	256	$	166		$	—		$	422
Corporate and other unallocated (3)		—		—			(141	)		(141	)		—		—			(127	)		(127	)
Interest and financial costs		—		—			(43	)		(43	)		—		—			(44	)		(44	)
Interest income		—		—			19			19			—		—			21			21
Equity income (loss) in unconsolidated affiliates		4		(12	)		—			(8	)		3		(2	)		—			1
Other expenses, net		—		—			(16	)		(16	)		—		—			(37	)		(37	)
Income before income taxes	$	274	$	99		$	(181	)	$	192		$	259	$	164		$	(187	)	$	236

Other segment information:
Capital expenditures	$	37	$	106		$	3		$	146		$	66	$	97		$	4		$	167
Investment in unconsolidated affiliates	$	9	$	145		$	5		$	159		$	9	$	169		$	—		$	178
Goodwill	$	777	$	807		$	—		$	1,584		$	816	$	807		$	—		$	1,623
Intangibles, net	$	124	$	314		$	—		$	438		$	129	$	367		$	—		$	496
Total assets	$	4,765	$	5,053		$	1,381		$	11,199		$	4,966	$	5,152		$	1,245		$	11,363

(1)

Other segment items represent amounts necessary to reconcile segment revenue less significant expenses categories to segment operating profit and include items such as restructuring charges, other non-recurring items, and amounts not regularly reviewed by the CODM.

(2)

Sales from one segment to another generally are priced at estimated equivalent commercial selling prices; however, segments originating an external sale are credited with the full profit to the Company. Eliminations and corporate costs include intercompany transactions conducted between the two reporting segments and with Corporate that are eliminated in consolidation, as well as corporate costs not allocated to the segments. Intercompany transactions within each reporting segment are eliminated within each reporting segment. Also included in the eliminations and corporate costs column are capital expenditures and total assets related to corporate. Corporate assets consist primarily of cash, fixed assets, and right-of-use assets.

(3)

Includes certain corporate expenses not allocated to the segments, restructuring related to centrally managed initiatives and other non-recurring items.

Revenue - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
Revenue - Additional Information (Detail) - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 4,443,000,000		$ 4,443,000,000
Impairment losses on contract assets	0	$ 0	0	$ 0
Allowance for credit losses on accounts receivable and contract assets	$ 52,000,000		$ 52,000,000		$ 64,000,000

Net Income Attributable to Company Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Computation of Weighted Average Basic and Diluted Shares Outstanding

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to Company	$	112	$	108	$	131	$	181
Denominator:
Basic—weighted average common shares outstanding		359		375		360		378
Dilutive effect of employee stock options and other unvested stock awards		3		1		4		2
Diluted—weighted average common shares outstanding		362		376		364		380

Net income attributable to Company per share:
Basic	$	0.31	$	0.29	$	0.36	$	0.48
Diluted	$	0.31	$	0.29	$	0.36	$	0.48

Cash dividends per share	$	0.18	$	0.285	$	0.27	$	0.36

Segments - Business Segments (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Segment Reporting Information [Line Items]
Total revenue	$ 2,134	$ 2,188	$ 4,186	$ 4,291
Depreciation and amortization			185	176
Operating profit	193	143	240	295
Segment operating profit	262	205	381	422
Corporate and other unallocated	(69)	(62)	(141)	(127)
Interest and financial costs	(21)	(22)	(43)	(44)
Interest income	8	10	19	21
Equity income (loss) in unconsolidated affiliates	(5)	1	(8)	1
Other expense, net	(18)	(17)	(16)	(37)
Net income before income taxes	157	115	192	236
Capital expenditures	81	83	146	167
Investment in unconsolidated affiliates	159	178	159	178	$ 163
Goodwill	1,584	1,623	1,584	1,623	1,582
Intangibles, net	438	496	438	496	455
Total assets	11,199	11,363	11,199	11,363	$ 11,291
Operating Segments [Member] \| Energy Equipment [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	1,198	1,190	2,377	2,322
Intersegment revenue	20	17	31	31
Total revenue	1,218	1,207	2,408	2,353
Cost of revenue	878	918	1,803	1,779
Selling, general, and administrative	140	131	274	251
Depreciation and amortization	28	28	57	56
Goodwill and long-lived asset impairment			0	0
Gain on sales of fixed assets	(7)	(1)	(7)	(1)
Total significant segment expenses	1,039	1,076	2,127	2,085
Other segment items	2	9	11	12
Operating profit	177	122	270	256
Segment operating profit	177	122	270	256
Equity income (loss) in unconsolidated affiliates	2	(1)	4	3
Net income before income taxes	179	121	274	259
Capital expenditures	21	33	37	66
Investment in unconsolidated affiliates	9	9	9	9
Goodwill	777	816	777	816
Intangibles, net	124	129	124	129
Total assets	4,765	4,966	4,765	4,966
Operating Segments [Member] \| Energy Products and Services [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	936	998	1,809	1,969
Intersegment revenue	38	27	62	48
Total revenue	974	1,025	1,871	2,017
Cost of revenue	701	753	1,371	1,475
Selling, general, and administrative	129	126	260	251
Depreciation and amortization	63	57	124	116
Goodwill and long-lived asset impairment			0	0
Gain on sales of fixed assets	(13)	0	(12)	(2)
Total significant segment expenses	880	936	1,743	1,840
Other segment items	9	6	17	11
Operating profit	85	83	111	166
Segment operating profit	85	83	111	166
Equity income (loss) in unconsolidated affiliates	(7)	2	(12)	(2)
Net income before income taxes	78	85	99	164
Capital expenditures	59	48	106	97
Investment in unconsolidated affiliates	145	169	145	169
Goodwill	807	807	807	807
Intangibles, net	314	367	314	367
Total assets	5,053	5,152	5,053	5,152
Eliminations and Corporate Costs [Member]
Segment Reporting Information [Line Items]
Total revenue	(58)	(44)	(93)	(79)
Corporate and other unallocated	(69)	(62)	(141)	(127)
Interest and financial costs	(21)	(22)	(43)	(44)
Interest income	8	10	19	21
Other expense, net	(18)	(17)	(16)	(37)
Net income before income taxes	(100)	(91)	(181)	(187)
Capital expenditures	1	2	3	4
Investment in unconsolidated affiliates	5		5
Total assets	$ 1,381	$ 1,245	$ 1,381	$ 1,245

Accrued Liabilities - Accrued Liabilities (Detail) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Payables and Accruals [Abstract]
Compensation	$ 236	$ 278
Vendor costs	160	165
Taxes (non income)	98	102
Warranties	58	68
Insurance	57	46
Commissions	18	15
Derivatives	15	4
Interest	11	10
Other	128	134
Total	$ 781	$ 822

Inventories, net - Inventories (Detail) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 487	$ 456
Work in process	221	217
Finished goods and purchased products	1,505	1,387
Inventory, Gross	2,213	2,060
Less: Inventory reserve	(266)	(261)
Total	$ 1,947	$ 1,799

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2026
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

Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Schedule of Components of Leases

Components of leases are as follows (in millions):


	June 30, 2026		December 31, 2025
Current portion of lease liabilities:
Operating	$	70	$	71
Financing		30		30
Total	$	100	$	101
Long-term portion of lease liabilities:
Operating	$	293	$	289
Financing		227		232
Total	$	520	$	521

Revenue - Summary of Disaggregate Revenue by Destinations and Revenue Streams (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Disaggregate revenue	$ 2,134	$ 2,188	$ 4,186	$ 4,291
Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	1,218	1,207	2,408	2,353
Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	974	1,025	1,871	2,017
Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	(58)	(44)	(93)	(79)
Continental [Member] \| Intersegment Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	0	0	0	0
Continental [Member] \| Intersegment Revenue [Member] \| Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	20	17	31	31
Continental [Member] \| Intersegment Revenue [Member] \| Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	38	27	62	48
Continental [Member] \| Intersegment Revenue [Member] \| Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	(58)	(44)	(93)	(79)
Continental [Member] \| North America [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	778	841	1,533	1,653
Continental [Member] \| North America [Member] \| Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	213	271	450	532
Continental [Member] \| North America [Member] \| Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	565	570	1,083	1,121
Continental [Member] \| International [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	1,356	1,347	2,653	2,638
Continental [Member] \| International [Member] \| Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	985	919	1,927	1,790
Continental [Member] \| International [Member] \| Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	371	428	726	848
Land and Offshore [Member] \| Intersegment Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	0	0	0	0
Land and Offshore [Member] \| Intersegment Revenue [Member] \| Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	20	17	31	31
Land and Offshore [Member] \| Intersegment Revenue [Member] \| Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	38	27	62	48
Land and Offshore [Member] \| Intersegment Revenue [Member] \| Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	(58)	(44)	(93)	(79)
Land and Offshore [Member] \| Land Destination [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	1,110	1,155	2,131	2,311
Land and Offshore [Member] \| Land Destination [Member] \| Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	397	418	745	819
Land and Offshore [Member] \| Land Destination [Member] \| Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	713	737	1,386	1,492
Land and Offshore [Member] \| Offshore Destination [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	1,024	1,033	2,055	1,980
Land and Offshore [Member] \| Offshore Destination [Member] \| Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	801	772	1,632	1,503
Land and Offshore [Member] \| Offshore Destination [Member] \| Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	$ 223	$ 261	$ 423	$ 477

Revenue - Summary of Changes Carrying Amount of Allowance for Credit Losses (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2026 USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2025	$ 64
Provision for expected credit losses	2
Recoveries collected	(8)
Write-offs	(11)
Reclass for long-term receivables	8
Other	(3)
Balance at June 30, 2026	$ 52

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss are as follows (in millions):


				Derivative			Employee
	Currency			Financial			Benefit
	Translation			Instruments,			Plans,
	Adjustments			Net of Tax			Net of Tax			Total
Balance at December 31, 2025	$	(1,375	)	$	2		$	(51	)	$	(1,424	)
Accumulated other comprehensive loss before reclassifications		(3	)		—			—			(3	)
Amounts reclassified from accumulated other comprehensive loss		—			(5	)		2			(3	)
Balance at June 30, 2026	$	(1,378	)	$	(3	)	$	(49	)	$	(1,430	)

Share Repurchase Program

6 Months Ended

Jun. 30, 2026

Class of Stock Disclosures [Abstract]

Share Repurchase Program

14. Share Repurchase Program

On April 25, 2024, the Company established a share repurchase program for up to $1 billion of the currently outstanding shares of the Company’s common stock over a period of 36 months. Under the share repurchase program, the Company may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934 (the “Exchange Act”), as amended, in accordance with applicable securities laws and other restrictions, including Rule 10b-18. The timing and total amount of any stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices and other considerations.

The Company intends to fund the repurchases using its available U.S. cash balances, which may involve the repatriation of foreign earnings not indefinitely reinvested. However, depending on U.S. cash balances, the Company may choose to borrow against its revolving credit facility or issue new debt to finance the repurchases. As shares are repurchased, they are constructively retired and returned to an unissued state. During the three and six months ended June 30, 2026, the Company repurchased approximately 3.2 million shares of common stock under the program for an aggregate amount of $63 million and 6.7 million shares of common stock under the program for an aggregate amount of $130 million, respectively. During the three and six months ended June 30, 2025, the Company repurchased approximately 5.5 million shares of common stock under the program for an aggregate amount of $69 million, and 10.9 million shares of common stock under the program for an aggregate amount of $150 million, respectively.

- Definition

The entire disclosure for equity.

+ References

+ Details

Segments - Additional Information (Detail)	6 Months Ended
Segments - Additional Information (Detail)	Jun. 30, 2026 Segment
Segment Reporting [Abstract]
Number of reportable segments	2
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]	srt:ChiefExecutiveOfficerMember

Debt - Additional Information (Detail) - USD ($)	6 Months Ended
Debt - Additional Information (Detail) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Variable rate	1.25%
Capitalization ratio, Maximum	60.00%
Capitalization ratio, Actual	23.90%
Funds available under revolving credit facility	$ 1,500,000,000
Other debt	117,000,000	$ 129,000,000
Outstanding letters of credit under various bilateral letter of credit facilities	909,000,000
Carrying value of Unsecured Senior Notes	$ 1,589,000,000	1,589,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maturity date	Sep. 12, 2030
Line of credit facility current borrowing capacity	$ 1,500,000,000
Credit facility, extendable borrowing capacity	$ 2,500,000,000
Variable rate basis	Secured Overnight Financing Rate (SOFR), Euro Interbank Offered Rate (EURIBOR), Sterling Overnight Index Average (SONIA), Canadian Overnight Repo Rate Average (CORRA), or Norwegian Interbank Offered Rate (NIBOR),
Outstanding letters of credit issued	$ 0
Foreign Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility current borrowing capacity	$ 150,000,000
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember
Variable rate	1.40%
Additional line of credit facility borrowing capacity	$ 120,000,000
Line of credit facility, repayment date	2032-06
Debt to equity ratio maximum	75.00%
Borrowings	$ 78,000,000
First payment	12,000,000
Current Minority Interest Partners [Member]
Debt Instrument [Line Items]
Other debt	38,000,000
Other debt due in next twelve months	2,000,000
Unsecured Debt [Member] \| Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Fair value of Unsecured Senior Notes	$ 1,345,000,000	$ 1,353,000,000

Leases

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Leases

7. Leases

The Company leases certain facilities and equipment to support its operations around the world. These leases generally require the Company to pay maintenance, insurance, taxes and other operating costs in addition to rent. Renewal options are common in longer term leases; however, it is rare that the Company intends to exercise a lease option at inception due to the cyclical nature of the Company’s business. Residual value guarantees are not typically part of the Company’s leases. Occasionally, the Company sub-leases excess facility space, generally at terms similar to the source lease. The Company reviews new agreements to determine if they include a lease and, when they do, uses its incremental borrowing rate to determine the present value of the future lease payments as most do not include implicit interest rates.

Components of leases are as follows (in millions):


	June 30, 2026		December 31, 2025
Current portion of lease liabilities:
Operating	$	70	$	71
Financing		30		30
Total	$	100	$	101
Long-term portion of lease liabilities:
Operating	$	293	$	289
Financing		227		232
Total	$	520	$	521

Revenue - Additional Information (Detail 1) $ in Millions	Jun. 30, 2026 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 4,443
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 1,071
Remaining performance obligations, expected to be recognized, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 1,588
Remaining performance obligations, expected to be recognized, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2028-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 586
Remaining performance obligations, expected to be recognized, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2029-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligations	$ 1,198
Remaining performance obligations, expected to be recognized, period

Commitments and Contingencies - Additional Information (Detail) $ in Millions	3 Months Ended
	Jun. 30, 2026 USD ($)
Loss Contingencies [Line Items]
Tariff refund received	$ 17
License Agreements [Member] \| Royalty Revenue [Member]
Loss Contingencies [Line Items]
Receivables allowances for credit losses	140
Net of related allowances for credit losses	78
Receivable remaining allowance for Credit Loss	40
Cost of Revenue [Member]
Loss Contingencies [Line Items]
Tariff refund recognized	$ 40

- 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 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

Derivative Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Accumulated other comprehensive loss reclassified into earnings within the next twelve months			$ 2
Gain (loss) recognized in other expense, net	$ (1)	$ 13	$ (1)	$ 16

Cash Dividends - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025
Dividends [Abstract]
Cash dividends paid	$ 64	$ 33	$ 107	$ 28	$ 97	$ 135

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	May 20, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense		$ 15	$ 17	$ 41	$ 33
Income tax expense (benefit) recognized		$ (2)	$ (3)	$ (2)	$ 6
Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares granted	75,656
Restricted stock granted fair value	$ 21.15
NOV Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Authorized shares under stock based compensation		70,900,000		70,900,000
Remaining shares available for future grants under the Plan		13,700,000		13,700,000

- 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
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+ Details

Revenue

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenue

6. Revenue

Disaggregation of Revenue

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:


	Three Months Ended June 30,
	2026									2025
			Energy									Energy
	Energy		Products							Energy		Products
	Equipment		and Services		Eliminations			Total		Equipment		and Services		Eliminations			Total
North America	$	213	$	565	$	—		$	778	$	271	$	570	$	—		$	841
International		985		371		—			1,356		919		428		—			1,347
Intersegment revenue		20		38		(58	)		—		17		27		(44	)		—
	$	1,218	$	974	$	(58	)	$	2,134	$	1,207	$	1,025	$	(44	)	$	2,188

Land	$	397	$	713	$	—		$	1,110	$	418	$	737	$	—		$	1,155
Offshore		801		223		—			1,024		772		261		—			1,033
Intersegment revenue		20		38		(58	)		—		17		27		(44	)		—
	$	1,218	$	974	$	(58	)	$	2,134	$	1,207	$	1,025	$	(44	)	$	2,188


	Six Months Ended June 30,
	2026									2025
			Energy									Energy
	Energy		Products							Energy		Products
	Equipment		and Services		Elims.			Total		Equipment		and Services		Elims.			Total
North America	$	450	$	1,083	$	—		$	1,533	$	532	$	1,121	$	—		$	1,653
International		1,927		726		—			2,653		1,790		848		—			2,638
Intersegment revenue		31		62		(93	)		—		31		48		(79	)		—
	$	2,408	$	1,871	$	(93	)	$	4,186	$	2,353	$	2,017	$	(79	)	$	4,291

Land	$	745	$	1,386	$	—		$	2,131	$	819	$	1,492	$	—		$	2,311
Offshore		1,632		423		—			2,055		1,503		477		—			1,980
Intersegment revenue		31		62		(93	)		—		31		48		(79	)		—
	$	2,408	$	1,871	$	(93	)	$	4,186	$	2,353	$	2,017	$	(79	)	$	4,291

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.


	Three Months Ended June 30,
	2026			2025
Energy Equipment:
Capital equipment	$	751		$	733
Aftermarket		447			457
Intersegment revenue		20			17
Total		1,218			1,207

Energy Products and Services:
Services & rental	$	494		$	501
Capital equipment		282			335
Product sales		160			162
Intersegment revenue		38			27
Total		974			1,025

Eliminations		(58	)		(44	)

Total consolidated	$	2,134		$	2,188


	Six Months Ended June 30,
	2026			2025
Energy Equipment:
Capital equipment	$	1,497		$	1,374
Aftermarket		880			948
Intersegment revenue		31			31
Total		2,408			2,353

Energy Products and Services:
Services & rental	$	967		$	1,008
Capital equipment		534			623
Product sales		308			338
Intersegment revenue		62			48
Total		1,871			2,017

Eliminations		(93	)		(79	)

Total consolidated	$	4,186		$	4,291

Performance Obligations

Net revenue recognized from performance obligations satisfied in previous periods was not material for the six months ended June 30, 2026.

Remaining performance obligations represent the transaction price of firm orders for all revenue streams for which work has not been performed on contracts with original expected duration of one year or more. We do not disclose the remaining performance obligations of royalty contracts, service contracts for which there is a right to invoice, and short-term contracts that are expected to have a duration of one year or less. As of June 30, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $4,443 million. Although numerous factors can affect timing of revenue recognized on performance obligations, such as customer change orders, supplier accelerations or delays, and the current uncertainty and conflict in the Middle East, the Company expects to recognize approximately $1,071 million in revenue for the remaining performance obligations in the remainder of 2026, $1,588 million in 2027, $586 million in 2028, and $1,198 million thereafter.

Contract Assets and Liabilities

Contract assets include unbilled amounts when revenue recognized exceeds the amount billed to the customer under contracts where revenue is recognized over-time. There were no impairment losses recorded on contract assets for the three and six months ended June 30, 2026 and 2025.

Contract liabilities consist of advance payments, billings in excess of revenue recognized and deferred revenue.

The changes in the carrying amount of contract assets and contract liabilities are as follows (in millions):


	Contract Assets			Contract Liabilities
Balance at December 31, 2025	$	596		$	565
Billings		(910	)		689
Revenue recognized		1,023			(634	)
Currency translation adjustments and other		(43	)		(24	)
Balance at June 30, 2026	$	666		$	596

Allowance for Credit Losses

The Company estimates its allowance for credit losses using information about past events, current conditions and risk characteristics of each customer, and reasonable and supportable forecasts relevant to assessing risk associated with the collectability of receivables and contract assets. The Company’s customer base, mostly in the oil and gas industry, have generally similar collectability risk characteristics, although larger and state-owned customers may have lower risk than smaller independent customers. As of June 30, 2026, the allowance for credit losses on accounts receivable and contract assets totaled $52 million.

The changes in the carrying amount of the allowance for credit losses are as follows (in millions):


Balance at December 31, 2025	$	64
Provision for expected credit losses		2
Recoveries collected		(8	)
Write-offs		(11	)
Reclass for long-term receivables		8
Other		(3	)
Balance at June 30, 2026	$	52

- 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 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2026	Jul. 24, 2026
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2026
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	NOV
Security Exchange Name	NYSE
Entity Registrant Name	NOV INC.
Entity Central Index Key	0001021860
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		356,478,125
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	1-12317
Entity Tax Identification Number	76-0475815
Entity Address, Address Line One	10353 Richmond Avenue
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Incorporation, State or Country Code	DE
Entity Address, Postal Zip Code	77042-4103
City Area Code	346
Local Phone Number	223-3000
Document Quarterly Report	true
Document Transition Report	false

Debt - Debt (Parenthetical) (Detail) - USD ($)	6 Months Ended	12 Months Ended
Debt - Debt (Parenthetical) (Detail) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Senior Notes, Interest at 3.95% Payable Semiannually, Principal Due on December 1, 2042 [Member]
Debt Instrument [Line Items]
Senior note face amount	$ 1,100,000,000	$ 1,100,000,000
Senior notes interest rate	3.95%	3.95%
Senior note due date	Dec. 01, 2042	Dec. 01, 2042
Senior Notes, Interest at 3.60% Payable Semiannually, Principal Due on December 1, 2029 [Member]
Debt Instrument [Line Items]
Senior note face amount	$ 500,000,000	$ 500,000,000
Senior notes interest rate	3.60%	3.60%
Senior note due date	Dec. 01, 2029	Dec. 01, 2029

- 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

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes

9. Income Taxes

The effective tax rate for the three and six months ended June 30, 2026 was 26.1% and 29.2%, respectively, compared to 0.9% and 20.3% for the same period in 2025. The U.S. statutory tax rate was 21% for all periods. The effective tax rate for the three months ended June 30, 2026 was negatively impacted by a mix of earnings in higher tax rate jurisdictions, partially offset by the release of previously recorded reserves for unrecognized tax benefits and adjustments to prior year taxes. The effective tax rate for the six months ended June 30, 2026 was negatively impacted by a mix of earnings in higher tax rate jurisdictions and a shortfall related to previously recognized stock compensation deductibility, partially offset by the release of previously recorded reserves for unrecognized tax benefits and adjustments to prior year taxes. The effective tax rate for the six months ended June 30, 2025 was positively impacted by the release of previously recorded reserves for unrecognized tax benefits of $58 million, partially offset by an increase to reserves for unrecognized tax benefits of $23 million, unfavorable adjustments related to the carrying value of deferred tax assets of $14 million, changes in certain foreign currency exchange rates of $4 million, and a mix of earnings in higher tax rate jurisdictions.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Tax Disclosure [Abstract]
Effective income tax rate	26.10%	0.90%	29.20%	20.30%
Statutory tax rate	21.00%	21.00%	21.00%	21.00%
Decrease to reserves for unrecognized tax benefits				$ (58)
Increase to reserves for unrecognized tax benefits				23
Change in deferred tax assets				14
Changes in foreign currency exchange rates				$ 4

Cash Dividends

6 Months Ended

Jun. 30, 2026

Dividends [Abstract]

Cash Dividends

13. Cash Dividends

Cash dividends were $64 million and $97 million for the three and six months ended June 30, 2026, compared to $107 million and $135 million for the three and six months ended June 30, 2025. The declaration and payment of future dividends is at the discretion of the Company’s Board of Directors and will be dependent upon the Company’s results of operations, financial condition, capital requirements and other factors deemed relevant by the Company’s Board of Directors.

Revenue - Summary of Disaggregate Revenue by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Disaggregate revenue	$ 2,134	$ 2,188	$ 4,186	$ 4,291
Eliminations and Corporate Costs [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	(58)	(44)	(93)	(79)
Operating Segments [Member] \| Energy Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	1,218	1,207	2,408	2,353
Operating Segments [Member] \| Energy Equipment [Member] \| Capital Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	751	733	1,497	1,374
Operating Segments [Member] \| Energy Equipment [Member] \| Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	447	457	880	948
Operating Segments [Member] \| Energy Equipment [Member] \| Intersegment Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	20	17	31	31
Operating Segments [Member] \| Energy Products and Services [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	974	1,025	1,871	2,017
Operating Segments [Member] \| Energy Products and Services [Member] \| Services and Rental [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	494	501	967	1,008
Operating Segments [Member] \| Energy Products and Services [Member] \| Capital Equipment [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	282	335	534	623
Operating Segments [Member] \| Energy Products and Services [Member] \| Product Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	160	162	308	338
Operating Segments [Member] \| Energy Products and Services [Member] \| Intersegment Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregate revenue	$ 38	$ 27	$ 62	$ 48

Revenue - Summary of Changes in Carrying Amount of Contract Assets and Contract Liabilities (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2026 USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2025	$ 596
Billings	(910)
Revenue recognized	1,023
Currency translation adjustments and other	(43)
Balance at June 30, 2026	666
Balance at December 31, 2025	565
Billings	689
Revenue recognized	(634)
Currency translation adjustments and other	(24)
Balance at June 30, 2026	$ 596

Stock-Based Compensation

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

10. Stock-Based Compensation

The Company’s stock-based compensation plan, known as the NOV Inc. Long-Term Incentive Plan (the “NOV Plan”), was approved by shareholders on May 11, 2018 and amended and restated on May 24, 2022 and May 20, 2025. The NOV Plan provides for the granting of stock options, restricted stock, restricted stock units, performance awards, phantom shares, stock appreciation rights, stock payments and substitute awards. The number of shares authorized under the NOV Plan is 70.9 million. At June 30, 2026, approximately 13.7 million shares remained available for future grants under the NOV Plan. The Company also has outstanding awards under its former stock-based compensation plan known as the National Oilwell Varco, Inc. Long-Term Incentive Plan (the “Former Plan”); however, the Company is no longer granting new awards under the Former Plan.

On May 20, 2026, under the NOV Plan, the Company granted 75,656 restricted stock units (“RSUs”) with a fair value of $21.15 per share. The awards were granted to non-employee members of the board of directors and vest on the first anniversary of the grant date.

Total expense for all stock-based compensation arrangements was $15 million and $41 million for the three and six months ended June 30, 2026, respectively, and $17 million and $33 million for the three and six months ended June 30, 2025, respectively.

The total income tax expense (benefit) recognized in the Consolidated Statements of Income for stock-based compensation arrangements was $(2) million for each of the three and six months ended June 30, 2026, respectively, and $(3) million and $6 million for the three and six months ended 2025, respectively.

Revenue (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Summary of Disaggregate Revenue by Destinations and Revenue Streams

In the table below, North America includes only the U.S. and Canada:


	Three Months Ended June 30,
	2026									2025
			Energy									Energy
	Energy		Products							Energy		Products
	Equipment		and Services		Eliminations			Total		Equipment		and Services		Eliminations			Total
North America	$	213	$	565	$	—		$	778	$	271	$	570	$	—		$	841
International		985		371		—			1,356		919		428		—			1,347
Intersegment revenue		20		38		(58	)		—		17		27		(44	)		—
	$	1,218	$	974	$	(58	)	$	2,134	$	1,207	$	1,025	$	(44	)	$	2,188

Land	$	397	$	713	$	—		$	1,110	$	418	$	737	$	—		$	1,155
Offshore		801		223		—			1,024		772		261		—			1,033
Intersegment revenue		20		38		(58	)		—		17		27		(44	)		—
	$	1,218	$	974	$	(58	)	$	2,134	$	1,207	$	1,025	$	(44	)	$	2,188


	Six Months Ended June 30,
	2026									2025
			Energy									Energy
	Energy		Products							Energy		Products
	Equipment		and Services		Elims.			Total		Equipment		and Services		Elims.			Total
North America	$	450	$	1,083	$	—		$	1,533	$	532	$	1,121	$	—		$	1,653
International		1,927		726		—			2,653		1,790		848		—			2,638
Intersegment revenue		31		62		(93	)		—		31		48		(79	)		—
	$	2,408	$	1,871	$	(93	)	$	4,186	$	2,353	$	2,017	$	(79	)	$	4,291

Land	$	745	$	1,386	$	—		$	2,131	$	819	$	1,492	$	—		$	2,311
Offshore		1,632		423		—			2,055		1,503		477		—			1,980
Intersegment revenue		31		62		(93	)		—		31		48		(79	)		—
	$	2,408	$	1,871	$	(93	)	$	4,186	$	2,353	$	2,017	$	(79	)	$	4,291


	Three Months Ended June 30,
	2026			2025
Energy Equipment:
Capital equipment	$	751		$	733
Aftermarket		447			457
Intersegment revenue		20			17
Total		1,218			1,207

Energy Products and Services:
Services & rental	$	494		$	501
Capital equipment		282			335
Product sales		160			162
Intersegment revenue		38			27
Total		974			1,025

Eliminations		(58	)		(44	)

Total consolidated	$	2,134		$	2,188


	Six Months Ended June 30,
	2026			2025
Energy Equipment:
Capital equipment	$	1,497		$	1,374
Aftermarket		880			948
Intersegment revenue		31			31
Total		2,408			2,353

Energy Products and Services:
Services & rental	$	967		$	1,008
Capital equipment		534			623
Product sales		308			338
Intersegment revenue		62			48
Total		1,871			2,017

Eliminations		(93	)		(79	)

Total consolidated	$	4,186		$	4,291

Summary of Changes in Carrying Amount of Contract Assets and Contract Liabilities

The changes in the carrying amount of contract assets and contract liabilities are as follows (in millions):


	Contract Assets			Contract Liabilities
Balance at December 31, 2025	$	596		$	565
Billings		(910	)		689
Revenue recognized		1,023			(634	)
Currency translation adjustments and other		(43	)		(24	)
Balance at June 30, 2026	$	666		$	596

Summary of Changes Carrying Amount of Allowance for Credit Losses

The changes in the carrying amount of the allowance for credit losses are as follows (in millions):


Balance at December 31, 2025	$	64
Provision for expected credit losses		2
Recoveries collected		(8	)
Write-offs		(11	)
Reclass for long-term receivables		8
Other		(3	)
Balance at June 30, 2026	$	52

Inventories, net

6 Months Ended

Jun. 30, 2026

Inventory Disclosure [Abstract]

Inventories, net

2. Inventories, net

Inventories consist of (in millions):


	June 30, 2026			December 31, 2025
Raw materials and supplies	$	487		$	456
Work in process		221			217
Finished goods and purchased products		1,505			1,387
		2,213			2,060
Less: Inventory reserve		(266	)		(261	)
Total	$	1,947		$	1,799

Derivative Financial Instruments - Outstanding Foreign Currency Forward Contracts (Detail) € in Millions, ₩ in Millions, ¥ in Millions, £ in Millions, kr in Millions, $ in Millions, $ in Millions	Jun. 30, 2026 EUR (€)	Jun. 30, 2026 KRW (₩)	Jun. 30, 2026 JPY (¥)	Jun. 30, 2026 SGD ($)	Jun. 30, 2026 GBP (£)	Jun. 30, 2026 USD ($)	Jun. 30, 2026 NOK (kr)	Dec. 31, 2025 EUR (€)	Dec. 31, 2025 KRW (₩)	Dec. 31, 2025 JPY (¥)	Dec. 31, 2025 SGD ($)	Dec. 31, 2025 GBP (£)	Dec. 31, 2025 USD ($)	Dec. 31, 2025 NOK (kr)
Forward Contracts [Member]
Derivative [Line Items]
Foreign currency, Cash flow hedging	€ 166	₩ 37,280	¥ 31	$ 13	£ 0	$ 875	kr 2,118	€ 190	₩ 49,790	¥ 569	$ 18	£ 3	$ 827	kr 2,756

Derivative Financial Instruments - Derivative Instruments and their Balance Sheet Classifications (Detail) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Derivatives Fair Value [Line Items]
Asset Derivatives	$ 6	$ 5
Liability Derivatives	15	4
Designated as Hedging Instruments [Member]
Derivatives Fair Value [Line Items]
Asset Derivatives	3	3
Liability Derivatives	7	1
Not Designated as Hedging Instruments [Member]
Derivatives Fair Value [Line Items]
Asset Derivatives	3	2
Liability Derivatives	8	3
Foreign Exchange Contracts [Member] \| Prepaid and Other Current Assets [Member] \| Designated as Hedging Instruments [Member]
Derivatives Fair Value [Line Items]
Asset Derivatives	3	3
Foreign Exchange Contracts [Member] \| Prepaid and Other Current Assets [Member] \| Not Designated as Hedging Instruments [Member]
Derivatives Fair Value [Line Items]
Asset Derivatives	3	2
Foreign Exchange Contracts [Member] \| Accrued liabilities [Member] \| Designated as Hedging Instruments [Member]
Derivatives Fair Value [Line Items]
Liability Derivatives	7	1
Foreign Exchange Contracts [Member] \| Accrued liabilities [Member] \| Not Designated as Hedging Instruments [Member]
Derivatives Fair Value [Line Items]
Liability Derivatives	$ 8	$ 3

- Definition

Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement.

+ References + Details

- Definition

Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.

+ References + Details

Net Income Attributable to Company Per Share - Computation of Weighted Average Basic and Diluted Shares Outstanding (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Numerator:
Net income attributable to Company	$ 112	$ 108	$ 131	$ 181
Denominator:
Basic—weighted average common shares outstanding	359	375	360	378
Dilutive effect of employee stock options and other unvested stock awards	3	1	4	2
Diluted-weighted average common shares outstanding	362	376	364	380
Basic	$ 0.31	$ 0.29	$ 0.36	$ 0.48
Diluted	0.31	0.29	0.36	0.48
Cash dividends per share	$ 0.18	$ 0.285	$ 0.27	$ 0.36

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

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

+ References

+ Details

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,164	$ 1,552
Receivables, net	1,813	1,701
Inventories, net	1,947	1,799
Contract assets	666	596
Prepaid and other current assets	199	172
Total current assets	5,789	5,820
Property, plant and equipment, net	2,016	2,050
Lease right-of-use assets, operating	320	315
Lease right-of-use assets, financing	180	187
Deferred income taxes	342	358
Goodwill	1,584	1,582
Intangibles, net	438	455
Investment in unconsolidated affiliates	159	163
Other assets	371	361
Total assets	11,199	11,291
Current liabilities:
Accounts payable	858	831
Accrued liabilities	781	822
Contract liabilities	596	565
Current portion of lease liabilities	100	101
Current portion of long-term debt	14	30
Accrued income taxes	41	57
Total current liabilities	2,390	2,406
Long-term debt	1,692	1,688
Lease liabilities	520	521
Deferred income taxes	83	93
Other liabilities	253	261
Total liabilities	4,938	4,969
Commitments and contingencies
Stockholders’ equity:
Common stock - par value $.01; 1 billion shares authorized; 357,299,308 and 360,803,354 shares issued and outstanding at June 30, 2026 and December 31, 2025	4	4
Additional paid-in capital	8,270	8,361
Accumulated other comprehensive loss	(1,430)	(1,424)
Retained deficit	(639)	(673)
Total Company stockholders' equity	6,205	6,268
Noncontrolling interests	56	54
Total stockholders’ equity	6,261	6,322
Total liabilities and stockholders’ equity	$ 11,199	$ 11,291

Share Repurchase Program - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
	Apr. 25, 2024	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Class of Stock [Line Items]
Share repurchases aggregate amount				$ 130	$ 150
Common Stock [Member]
Class of Stock [Line Items]
Stock repurchase program period	36 months
Share repurchased under the program		3.2	5.5	6.7	10.9
Share repurchases aggregate amount		$ 63	$ 69	$ 130	$ 150
Common Stock [Member] \| Maximum [Member]
Class of Stock [Line Items]
Share repurchase program authorized amount	$ 1,000

- 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

Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 2,134	$ 2,188	$ 4,186	$ 4,291
Cost of revenue	1,613	1,742	3,286	3,398
Gross profit	521	446	900	893
Selling, general and administrative	328	303	660	598
Operating profit	193	143	240	295
Interest and financial costs	(21)	(22)	(43)	(44)
Interest income	8	10	19	21
Equity income (loss) in unconsolidated affiliates	(5)	1	(8)	1
Other expense, net	(18)	(17)	(16)	(37)
Net income before income taxes	157	115	192	236
Provision for income taxes	41	1	56	48
Net income	116	114	136	188
Net income attributable to noncontrolling interests	4	6	5	7
Net income attributable to Company	$ 112	$ 108	$ 131	$ 181
Net income attributable to Company per share:
Basic	$ 0.31	$ 0.29	$ 0.36	$ 0.48
Diluted	0.31	0.29	0.36	0.48
Cash dividends per share	$ 0.18	$ 0.285	$ 0.27	$ 0.36
Weighted average shares outstanding:
Basic	359	375	360	378
Diluted	362	376	364	380

Segments

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segments

5. Segments

The Company has two reportable segments, Energy Equipment and Energy Products and Services, based on the products and services provided, customer base, and operating environment. These reportable segments are determined as those businesses for which results are reviewed regularly by our Chief Executive Officer, who is identified as the Chief Operating Decision Maker (“CODM”), in allocating resources and assessing performance.

The following tables present financial data by business segment (in millions):


	Three Months Ended June 30,
	2026						2025
	Energy Equipment			Energy Products and Services			Energy Equipment			Energy Products and Services
Revenue from external customers	$	1,198		$	936		$	1,190		$	998
Intersegment revenue		20			38			17			27
Total revenue		1,218			974			1,207			1,025

Less significant segment expenses:
Cost of revenue		878			701			918			753
Selling, general, and administrative		140			129			131			126
Depreciation and amortization		28			63			28			57
Gain on sales of fixed assets		(7	)		(13	)		(1	)		—
Total significant segment expenses	$	1,039		$	880		$	1,076		$	936
Other segment items (1)		2			9			9			6
Segment operating profit	$	177		$	85		$	122		$	83


	Three Months Ended June 30,
	2026											2025
	Energy Equipment		Energy Products and Services			Elims. and corporate costs (2)			Total			Energy Equipment			Energy Products and Services		Elims. and corporate costs (2)			Total
Segment operating profit	$	177	$	85		$	—		$	262		$	122		$	83	$	—		$	205
Corporate and other unallocated (3)		—		—			(69	)		(69	)		—			—		(62	)		(62	)
Interest and financial costs		—		—			(21	)		(21	)		—			—		(22	)		(22	)
Interest income		—		—			8			8			—			—		10			10
Equity income (loss) in unconsolidated affiliates		2		(7	)		—			(5	)		(1	)		2		—			1
Other expenses, net		—		—			(18	)		(18	)		—			—		(17	)		(17	)
Income before income taxes	$	179	$	78		$	(100	)	$	157		$	121		$	85	$	(91	)	$	115

Other segment information:
Capital expenditures	$	21	$	59		$	1		$	81		$	33		$	48	$	2		$	83


	Six Months Ended June 30,
	2026						2025
	Energy Equipment			Energy Products and Services			Energy Equipment			Energy Products and Services
Revenue from external customers	$	2,377		$	1,809		$	2,322		$	1,969
Intersegment revenue		31			62			31			48
Total revenue		2,408			1,871			2,353			2,017

Less significant segment expenses:
Cost of revenue		1,803			1,371			1,779			1,475
Selling, general, and administrative		274			260			251			251
Depreciation and amortization		57			124			56			116
Goodwill and long-lived asset impairment		—			—			—			—
Gain on sales of fixed assets		(7	)		(12	)		(1	)		(2	)
Total significant segment expenses	$	2,127		$	1,743		$	2,085		$	1,840
Other segment items (1)		11			17			12			11
Segment operating profit	$	270		$	111		$	256		$	166


	Six Months Ended June 30,
	2026											2025
	Energy Equipment		Energy Products and Services			Elims. and corporate costs (2)			Total			Energy Equipment		Energy Products and Services			Elims. and corporate costs (2)			Total
Segment operating profit	$	270	$	111		$	—		$	381		$	256	$	166		$	—		$	422
Corporate and other unallocated (3)		—		—			(141	)		(141	)		—		—			(127	)		(127	)
Interest and financial costs		—		—			(43	)		(43	)		—		—			(44	)		(44	)
Interest income		—		—			19			19			—		—			21			21
Equity income (loss) in unconsolidated affiliates		4		(12	)		—			(8	)		3		(2	)		—			1
Other expenses, net		—		—			(16	)		(16	)		—		—			(37	)		(37	)
Income before income taxes	$	274	$	99		$	(181	)	$	192		$	259	$	164		$	(187	)	$	236

Other segment information:
Capital expenditures	$	37	$	106		$	3		$	146		$	66	$	97		$	4		$	167
Investment in unconsolidated affiliates	$	9	$	145		$	5		$	159		$	9	$	169		$	—		$	178
Goodwill	$	777	$	807		$	—		$	1,584		$	816	$	807		$	—		$	1,623
Intangibles, net	$	124	$	314		$	—		$	438		$	129	$	367		$	—		$	496
Total assets	$	4,765	$	5,053		$	1,381		$	11,199		$	4,966	$	5,152		$	1,245		$	11,363

(1)

(2)

(3)

Includes certain corporate expenses not allocated to the segments, restructuring related to centrally managed initiatives and other non-recurring items.

- 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.

+ References

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+ Details

Accrued Liabilities

6 Months Ended

Jun. 30, 2026

Payables and Accruals [Abstract]

Accrued Liabilities

3. Accrued Liabilities

Accrued liabilities consist of (in millions):


	June 30, 2026		December 31, 2025
Compensation	$	236	$	278
Vendor costs		160		165
Taxes (non-income)		98		102
Warranties		58		68
Insurance		57		46
Commissions		18		15
Derivatives		15		4
Interest		11		10
Other		128		134
Total	$	781	$	822

Net Income Attributable to Company Per Share

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Net Income Attributable to Company Per Share

12. Net Income Attributable to Company Per Share

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to Company	$	112	$	108	$	131	$	181
Denominator:
Basic—weighted average common shares outstanding		359		375		360		378
Dilutive effect of employee stock options and other unvested stock awards		3		1		4		2
Diluted—weighted average common shares outstanding		362		376		364		380

Net income attributable to Company per share:
Basic	$	0.31	$	0.29	$	0.36	$	0.48
Diluted	$	0.31	$	0.29	$	0.36	$	0.48

Cash dividends per share	$	0.18	$	0.285	$	0.27	$	0.36

Companies with unvested participating securities are required to utilize a two-class method for the computation of net income attributable to Company per share. The two-class method requires a portion of net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents if declared. Net income attributable to the Company allocated to these participating securities was immaterial for each of the three and six months ended June 30, 2026 and 2025, respectively.

The Company had stock options and restricted shares outstanding that were anti-dilutive totaling 6 million and 7 million shares for the three and six months ended June 30, 2026, compared to 19 million and 16 million shares for the three and six months ended June 30, 2025.

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2026 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 6,322
Ending Balance	6,261
Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,375)
Accumulated other comprehensive loss before reclassifications	3
Ending Balance	(1,378)
Derivative Financial Instruments, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	2
Amounts reclassified from accumulated other comprehensive loss	(5)
Ending Balance	(3)
Employee Benefit Plans, Net of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(51)
Amounts reclassified from accumulated other comprehensive loss	2
Ending Balance	(49)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,424)
Accumulated other comprehensive loss before reclassifications	(3)
Amounts reclassified from accumulated other comprehensive loss	(3)
Ending Balance	$ (1,430)

- 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

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- Definition

Amount after tax, before reclassification adjustments of other comprehensive income (loss).

+ References

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Amount after tax of reclassification adjustments of other comprehensive income (loss).

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Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):


		Currency Denomination
Currency		June 30, 2026	December 31, 2025
South Korean Won	KRW	37,280	49,790
Norwegian Krone	NOK	2,118	2,756
U.S. Dollar	USD	875	827
Euro	EUR	166	190
Japanese Yen	JPY	31	569
Singapore Dollar	SGD	13	18
British Pound Sterling	GBP	—	3

Derivative Instruments and their Balance Sheet Classifications

The Company has the following fair values of its derivative instruments and their balance sheet classifications (in millions):


	Asset Derivatives					Liability Derivatives
	Balance Sheet	June 30,		December 31,		Balance Sheet	June 30,		December 31,
	Location	2026		2025		Location	2026		2025
Derivatives designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets	$	3	$	3	Accrued liabilities	$	7	$	1
Foreign exchange contracts	Other assets		—		—	Other liabilities		—		—
Designated total		$	3	$	3		$	7	$	1

Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets	$	3	$	2	Accrued liabilities	$	8	$	3
Foreign exchange contracts	Other assets		—		—	Other liabilities		—		—
Non-designated total		$	3	$	2		$	8	$	3

Total		$	6	$	5		$	15	$	4

Basis of Presentation

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited consolidated financial statements of NOV Inc. (“NOV” or the “Company”) present information in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and the instructions to Form 10-Q and applicable rules of Regulation S-X. They do not include all information or footnotes required by GAAP for complete consolidated financial statements and should be read in conjunction with the audited consolidated financial statements and footnotes included in the Company’s 2025 Annual Report on Form 10-K. Certain reclassifications have been made to prior period financial information in order to conform with current period presentation.

In our opinion, the consolidated financial statements include all adjustments, which are of a normal recurring nature unless otherwise disclosed, necessary for a fair presentation of the results for the interim periods. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported and contingent amounts of assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The fair values of cash and cash equivalents, receivables and payables were approximately the same as their presented carrying values because of the short maturities of these instruments. The fair value of long-term debt is provided in Note 8, and the fair values of derivative financial instruments are provided in Note 11.

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Deficit [Member]	Total Company Stockholders' Equity [Member]	Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2024	$ 6,428	$ 4	$ 8,625	$ (1,625)	$ (628)	$ 6,376	$ 52
Beginning Balance, Shares at Dec. 31, 2024		382
Net income	74				73	73	1
Other comprehensive income (loss)	98			98		98
Cash dividends, per common share	(28)				(28)	(28)
Stock-based compensation	16		16			16
Common stock issued, shares		3
Withholding taxes	(13)		(13)			(13)
Withholding taxes, shares		(1)
Share repurchases	(81)		(81)			(81)
Share repurchases, shares		(5)
Other			(1)			(1)	1
Other, shares		(1)
Ending Balance at Mar. 31, 2025	6,494	$ 4	8,546	(1,527)	(583)	6,440	54
Ending Balance, Shares at Mar. 31, 2025		378
Beginning Balance at Dec. 31, 2024	6,428	$ 4	8,625	(1,625)	(628)	6,376	52
Beginning Balance, Shares at Dec. 31, 2024		382
Net income	188
Cash dividends, per common share	(135)
Ending Balance at Jun. 30, 2025	6,558	$ 4	8,493	(1,411)	(582)	6,504	54
Ending Balance, Shares at Jun. 30, 2025		373
Beginning Balance at Mar. 31, 2025	6,494	$ 4	8,546	(1,527)	(583)	6,440	54
Beginning Balance, Shares at Mar. 31, 2025		378
Net income	114				108	108	6
Other comprehensive income (loss)	116			116		116
Cash dividends, per common share	(107)				(107)	(107)
Transactions with non-controlling interests	(5)						(5)
Stock-based compensation	17		17			17
Share repurchases	(69)		(69)			(69)
Share repurchases, shares		(6)
Other	(2)		(1)			(1)	(1)
Other, shares		1
Ending Balance at Jun. 30, 2025	6,558	$ 4	8,493	(1,411)	(582)	6,504	54
Ending Balance, Shares at Jun. 30, 2025		373
Beginning Balance at Dec. 31, 2025	6,322	$ 4	8,361	(1,424)	(673)	6,268	54
Beginning Balance, Shares at Dec. 31, 2025		361
Net income	20				19	19	1
Other comprehensive income (loss)	2			2		2
Cash dividends, per common share	(33)				(33)	(33)
Stock-based compensation	26		26			26
Common stock issued, shares		3
Stock options exercised	15		15			15
Stock options exercised, shares		1
Withholding taxes	(19)		(19)			(19)
Withholding taxes, shares		(1)
Share repurchases	(67)		(67)			(67)
Share repurchases, shares		(4)
Other	2		1			1	1
Ending Balance at Mar. 31, 2026	6,268	$ 4	8,317	(1,422)	(687)	6,212	56
Ending Balance, Shares at Mar. 31, 2026		360
Beginning Balance at Dec. 31, 2025	6,322	$ 4	8,361	(1,424)	(673)	6,268	54
Beginning Balance, Shares at Dec. 31, 2025		361
Net income	136
Cash dividends, per common share	(97)
Ending Balance at Jun. 30, 2026	6,261	$ 4	8,270	(1,430)	(639)	6,205	56
Ending Balance, Shares at Jun. 30, 2026		357
Beginning Balance at Mar. 31, 2026	6,268	$ 4	8,317	(1,422)	(687)	6,212	56
Beginning Balance, Shares at Mar. 31, 2026		360
Net income	116				112	112	4
Other comprehensive income (loss)	(8)			(8)		(8)
Cash dividends, per common share	(64)				(64)	(64)
Transactions with non-controlling interests	(3)						(3)
Stock-based compensation	15		15			15
Stock options exercised	3		3			3
Share repurchases	(63)		(63)			(63)
Share repurchases, shares		(3)
Other	(3)		(2)			(2)	(1)
Ending Balance at Jun. 30, 2026	$ 6,261	$ 4	$ 8,270	$ (1,430)	$ (639)	$ 6,205	$ 56
Ending Balance, Shares at Jun. 30, 2026		357

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 136	$ 188
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	185	176
Deferred income taxes	5	14
Stock-based compensation	41	33
Other, net	3	50
Change in operating assets and liabilities, net of acquisitions:
Receivables	(111)	24
Inventories	(170)	(18)
Contract assets	(70)	(78)
Prepaid and other current assets	(27)	(3)
Accounts payable	27	(14)
Accrued liabilities	(60)	(120)
Contract liabilities	31	21
Income taxes payable	(15)	2
Other assets/liabilities, net	16	51
Net cash provided by (used in) operating activities	(9)	326
Cash flows from investing activities:
Purchases of property, plant and equipment	(146)	(167)
Business acquisitions, net of cash acquired	(13)
Proceeds from sales of fixed assets	45	5
Net cash used in investing activities	(114)	(162)
Cash flows from financing activities:
Payments against lines of credit and other debt	(13)	(13)
Cash dividends paid	(97)	(135)
Share repurchases	(130)	(150)
Financing leases	(16)	(14)
Other	(7)	(21)
Net cash used in financing activities	(263)	(333)
Effect of exchange rates on cash	(2)	19
Decrease in cash and cash equivalents	(388)	(150)
Cash and cash equivalents, beginning of period	1,552	1,230
Cash and cash equivalents, end of period	1,164	1,080
Cash payments during the period for:
Interest	40	42
Income taxes	$ 79	$ 86

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	357,299,308	360,803,354
Common stock, shares outstanding	357,299,308	360,803,354

Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued liabilities consist of (in millions):


	June 30, 2026		December 31, 2025
Compensation	$	236	$	278
Vendor costs		160		165
Taxes (non-income)		98		102
Warranties		58		68
Insurance		57		46
Commissions		18		15
Derivatives		15		4
Interest		11		10
Other		128		134
Total	$	781	$	822

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2026
Accounting Policies [Abstract]
Fair Value of Financial Instruments	The fair values of cash and cash equivalents, receivables and payables were approximately the same as their presented carrying values because of the short maturities of these instruments. The fair value of long-term debt is provided in Note 8, and the fair values of derivative financial instruments are provided in Note 11.
Net Income (Loss) Attributable to Company Per Share	Companies with unvested participating securities are required to utilize a two-class method for the computation of net income attributable to Company per share. The two-class method requires a portion of net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents if declared. Net income attributable to the Company allocated to these participating securities was immaterial for each of the three and six months ended June 30, 2026 and 2025, respectively.

Debt

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Debt

8. Debt

Debt consists of (in millions):


	June 30, 2026		December 31, 2025
$1.1 billion in Senior Notes, interest at 3.95% payable semiannually, principal due on December 1, 2042	$	1,092	$	1,092
$0.5 billion in Senior Notes, interest at 3.60% payable semiannually, principal due on December 1, 2029		497		497
Other debt		117		129
Total debt		1,706		1,718
Less current portion		14		30
Long-term debt	$	1,692	$	1,688

The Company has a revolving credit facility with a borrowing capacity of $1.5 billion through September 12, 2030. The Company has the right to increase the aggregate commitments under this agreement to an aggregate amount of up to $2.5 billion upon the consent of only those lenders holding any such increase. Interest under the multicurrency facility is based upon Secured Overnight Financing Rate (SOFR), Euro Interbank Offered Rate (EURIBOR), Sterling Overnight Index Average (SONIA), Canadian Overnight Repo Rate Average (CORRA), or Norwegian Interbank Offered Rate (NIBOR), plus 1.25% subject to a ratings-based grid or the U.S. prime rate. The credit facility contains a financial covenant establishing a maximum debt-to-capitalization ratio of 60%. As of June 30, 2026, the Company was in compliance with a debt-to-capitalization ratio of 23.9% and had no outstanding borrowings or letters of credit issued under the facility, resulting in $1.5 billion of available funds.

A consolidated joint venture of the Company borrowed $120 million against a $150 million bank line of credit, payable by June 2032, for the construction of a facility in Saudi Arabia. Interest under the bank line of credit is based upon SOFR plus 1.40%. The bank line of credit contains a financial covenant regarding maximum debt-to-equity ratio of 75%. As of June 30, 2026, the joint venture was in compliance and will not have future borrowings on the line of credit. As of June 30, 2026, the Company had $78 million in borrowings related to this line of credit. The carrying value of debt under the Company’s consolidated joint venture approximates fair value because the interest rates are variable and reflective of current market rates. The Company has $12 million in payments related to this line of credit due in the next twelve months. The Company can repay the entire outstanding facility balance without penalty at its sole discretion.

Other debt at June 30, 2026 included $38 million of amounts owed to current minority interest partners of NOV consolidated joint ventures, of which $2 million is due in the next twelve months.

The Company had $909 million of outstanding letters of credit at June 30, 2026, primarily in the United States and Norway, that are under various bilateral letter of credit facilities. Letters of credit are issued as bid bonds, advanced payment bonds and performance bonds.

At June 30, 2026 and December 31, 2025, the fair value of the Company’s unsecured Senior Notes approximated $1,345 million and $1,353 million, respectively. The fair value of the Company’s debt is estimated using Level 2 inputs in the GAAP fair value hierarchy and is based on quoted prices for those of similar instruments. At June 30, 2026 and December 31, 2025, the carrying value of the Company’s unsecured Senior Notes approximated $1,589 million at both reporting dates.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Inventories, net (Tables)

6 Months Ended

Jun. 30, 2026

Inventory Disclosure [Abstract]

Inventories

Inventories consist of (in millions):


	June 30, 2026			December 31, 2025
Raw materials and supplies	$	487		$	456
Work in process		221			217
Finished goods and purchased products		1,505			1,387
		2,213			2,060
Less: Inventory reserve		(266	)		(261	)
Total	$	1,947		$	1,799

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 116	$ 114	$ 136	$ 188
Currency translation adjustments	(5)	104	(3)	193
Changes in derivative financial instruments, net of tax	(4)	11	(5)	20
Changes in defined benefit plans, net of tax	1	1	2	1
Comprehensive income	108	230	130	402
Comprehensive income attributable to noncontrolling interests	4	6	5	7
Comprehensive income attributable to Company	$ 104	$ 224	$ 125	$ 395

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

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- Definition

Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Debt (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Debt

Debt consists of (in millions):


	June 30, 2026		December 31, 2025
$1.1 billion in Senior Notes, interest at 3.95% payable semiannually, principal due on December 1, 2042	$	1,092	$	1,092
$0.5 billion in Senior Notes, interest at 3.60% payable semiannually, principal due on December 1, 2029		497		497
Other debt		117		129
Total debt		1,706		1,718
Less current portion		14		30
Long-term debt	$	1,692	$	1,688

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Net Income Attributable to Company Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Stock Options and Restricted Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares outstanding	6	19	7	16

Derivative Financial Instruments

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

11. Derivative Financial Instruments

The Company uses forward currency contracts to manage the foreign currency exchange rate risk on forecasted revenues and expenses denominated in currencies other than the functional currency of the operating unit (cash flow hedge). The Company also executes forward currency contracts to manage the foreign currency exchange rate risk on recognized nonfunctional currency monetary accounts (non-designated hedge).

The fair values of these derivative financial instruments are determined using Level 2 inputs (inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly for substantially the full term of the asset or liability) in the fair value hierarchy as the fair value is based on publicly available foreign exchange and interest rates at each financial reporting date.

Forward currency contracts consist of (in millions):


		Currency Denomination
Currency		June 30, 2026	December 31, 2025
South Korean Won	KRW	37,280	49,790
Norwegian Krone	NOK	2,118	2,756
U.S. Dollar	USD	875	827
Euro	EUR	166	190
Japanese Yen	JPY	31	569
Singapore Dollar	SGD	13	18
British Pound Sterling	GBP	—	3

Cash Flow Hedging Strategy

To protect against the volatility of forecasted foreign currency cash flows resulting from forecasted revenues and expenses, the Company maintains a cash flow hedging program. For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the derivative instrument is recorded in accumulated other comprehensive loss and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings (e.g., in “revenues” when the hedged transactions are cash flows associated with forecasted revenues). The Company includes time value in hedge relationships.

The Company expects accumulated other comprehensive loss of $2 million will be reclassified into earnings within the next twelve months.

Non-designated Hedging Strategy

The Company enters into forward exchange contracts to hedge certain nonfunctional currency monetary accounts. The gain or loss on the derivative instrument is recognized in earnings in “other expense, net”, together with the changes in the hedged nonfunctional monetary accounts.

The amount of gain (loss) recognized in “other expense, net” was $(1) million for both the three and six months ended June 30, 2026, compared to $13 million and $16 million for the three and six months ended June 30, 2025, respectively.

The Company has the following fair values of its derivative instruments and their balance sheet classifications (in millions):


	Asset Derivatives					Liability Derivatives
	Balance Sheet	June 30,		December 31,		Balance Sheet	June 30,		December 31,
	Location	2026		2025		Location	2026		2025
Derivatives designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets	$	3	$	3	Accrued liabilities	$	7	$	1
Foreign exchange contracts	Other assets		—		—	Other liabilities		—		—
Designated total		$	3	$	3		$	7	$	1

Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets	$	3	$	2	Accrued liabilities	$	8	$	3
Foreign exchange contracts	Other assets		—		—	Other liabilities		—		—
Non-designated total		$	3	$	2		$	8	$	3

Total		$	6	$	5		$	15	$	4

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details