Shareholders' Equity

9 Months Ended

Sep. 30, 2025

9 – Shareholders’ Equity

Shares issued and outstanding on our Condensed Consolidated Balance Sheets decreased from 72.1 million as of December 31, 2024 to 71.7 million as of September 30, 2025. The decrease was due to the cancellation of 1.7 million of our ordinary shares repurchased for $94 million. The decrease was partially offset by the issuance of 1.3 million of our ordinary shares for equity awards vested and delivered, net of shares withheld for taxes.

During the nine months ended September 30, 2025, we declared and paid $54 million in dividends and accrued an immaterial amount of dividend equivalent rights on share-based awards.

The following summarizes our shareholders’ equity activity for the three and nine months ended September 30, 2025 and 2024:


(Dollars in millions)	Ordinary Shares	Par Value		Capital in Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2024	72.1	$	—	$	2,921	$	(1,486)	$	(150)	$	(2)	$	1,283
Net Income	—	—		—		76		—		10		86
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	1.3	—		(34)		—		—		—		(34)
Share Repurchases	(0.8)	—		(53)		—		—		—		(53)
Dividends Declared ($0.25 per share) (1)	—	—		—		(18)		—		—		(18)
Other Comprehensive Income	—	—		—		—		96		—		96


Balance at March 31, 2025	72.6	$	—	$	2,834	$	(1,428)	$	(54)	$	8	$	1,360
Net Income	—	—		—		136		—		9		145
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		10		—		—		—		10
Share Repurchases	(0.8)	—		(34)		—		—		—		(34)
Dividends Declared ($0.25 per share) (1)	—	—		—		(19)		—		—		(19)
Distributions to Noncontrolling Interests	—	—		—		—		—		(8)		(8)
Other Comprehensive Income	—	—		—		—		65		—		65
Balance at June 30, 2025	71.8	$	—	$	2,810	$	(1,311)	$	11	$	9	$	1,519
Net Income	—	—		—		81		—		6		87
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		10		—		—		—		10
Share Repurchases	(0.1)	—		(7)		—		—		—		(7)
Dividends Declared ($0.25 per share) (1)	—	—		—		(19)		—		—		(19)
Distributions to Noncontrolling Interests	—	—		—		—		—		(8)		(8)
Other Comprehensive Loss	—	—		—		—		(13)		—		(13)
Other	—	—		(2)		—		—		—		(2)
Balance at September 30, 2025	71.7	$	—	$	2,811	$	(1,249)	$	(2)	$	7	$	1,567
(1) Includes dividend equivalent rights on share-based awards.


(Dollars in millions)	Ordinary Shares	Par Value		Capital In Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Loss		Non-controlling Interests		Total Shareholders’ Equity
Balance at December 31, 2023	72.1	$	—	$	2,906	$	(1,954)	$	(28)	$	(2)	$	922
Net Income	—	—		—		112		—		11		123
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	0.3	—		4		—		—		—		4
Other Comprehensive Loss	—	—		—		—		(24)		—		(24)
Equity Issued for Acquisitions	0.8	—		75		—		—		—		75
Balance at March 31, 2024	73.2	$	—	$	2,985	$	(1,842)	$	(52)	$	9	$	1,100
Net Income	—	—		—		125		—		12		137
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes	—	—		12		—		—		—		12
Distributions to Noncontrolling Interests	—	—		—		—		—		(9)		(9)
Balance at June 30, 2024	73.2	$	—	$	2,997	$	(1,717)	$	(52)	$	12	$	1,240
Net Income	—	—		—		157		—		9		166
Equity Awards, Granted and Vested, Net of Shares Withheld for Taxes		—		9		—		—		—		9
Share Repurchases	(0.5)	—		(50)		—		—		—		(50)
Dividends Declared ($0.25 per share) (1)	—	—		—		(19)		—		—		(19)
Other Comprehensive Income	—	—		—		—		20		—		20
Distributions to Noncontrolling Interests	—	—		—		—		—		(10)		(10)
Balance at September 30, 2024	72.7	$	—	$	2,956	$	(1,579)	$	(32)	$	11	$	1,356
(1) Includes dividend equivalent rights on share-based awards.

The following table presents the changes in our accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2025 and 2024:


(Dollars in millions)	Currency Translation Adjustment		Defined Benefit Pension		Total
Balance at December 31, 2024	$	(156)	$	6	$	(150)

Other Comprehensive Income	146		2		148



Balance at September 30, 2025	$	(10)	$	8	$	(2)

Balance at December 31, 2023	$	(43)	$	15	$	(28)

Other Comprehensive Loss	(4)		—		(4)



Balance at September 30, 2024	$	(47)	$	15	$	(32)

- Definition

The entire disclosure for equity.

+ References

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

Weatherford International plc 10-Q