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Weatherford International plc – ‘10-K’ for 12/31/23 – ‘EX-31.1’

On:  Wednesday, 2/7/24, at 4:31pm ET   ·   For:  12/31/23   ·   Accession #:  1603923-24-43   ·   File #:  1-36504

Previous ‘10-K’:  ‘10-K’ on 2/8/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   21 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/07/24  Weatherford International plc     10-K       12/31/23  109:10M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        10-K 2023                                           HTML   1.78M 
 2: EX-10.20    Material Contract                                   HTML     41K 
 3: EX-10.21    Material Contract                                   HTML     43K 
 4: EX-10.22    Material Contract                                   HTML     37K 
 5: EX-10.33    Material Contract                                   HTML     49K 
 6: EX-10.39    Material Contract                                   HTML     76K 
 7: EX-19       Report Furnished to Security Holders                HTML     97K 
 8: EX-21.1     Subsidiaries List                                   HTML     30K 
 9: EX-23.1     Consent of Expert or Counsel                        HTML     27K 
14: EX-97       Clawback Policy re: Recovery of Erroneously         HTML     53K 
                Awarded Compensation                                             
10: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
11: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
12: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
13: EX-32.2     Certification -- §906 - SOA'02                      HTML     30K 
20: R1          Cover                                               HTML     88K 
21: R2          Audit Information                                   HTML     33K 
22: R3          Consolidated Statements of Operations               HTML    120K 
23: R4          Consolidated Statements of Comprehensive Income     HTML     62K 
                (Loss)                                                           
24: R5          Consolidated Balance Sheets                         HTML    148K 
25: R6          Consolidated Balance Sheets (Parenthetical)         HTML     45K 
26: R7          Consolidated Statements of Shareholders' Equity     HTML     92K 
27: R8          Consolidated Statements of Cash Flows               HTML    124K 
28: R9          Consolidated Statements of Operations               HTML     31K 
                (Parenthetical)                                                  
29: R10         Summary of Significant Accounting Policies          HTML     68K 
30: R11         Segment Information                                 HTML    116K 
31: R12         Revenues                                            HTML     63K 
32: R13         Inventories, Net                                    HTML     44K 
33: R14         Property, Plant and Equipment (Notes)               HTML     39K 
34: R15         Intangible Assets, Net                              HTML     58K 
35: R16         Leases (Notes)                                      HTML    123K 
36: R17         Borrowings and Other Debt Obligations               HTML     66K 
37: R18         Blue Chip Swap Securities - Argentina               HTML     32K 
38: R19         Fair Value of Financial Instruments                 HTML     46K 
39: R20         Derivative Instruments                              HTML     34K 
40: R21         Retirement and Employee Benefit Plans               HTML     42K 
41: R22         Disputes, Litigation and Contingencies              HTML     33K 
42: R23         Share-Based Compensation                            HTML     64K 
43: R24         Shareholders' Equity                                HTML     54K 
44: R25         Earnings per Share                                  HTML     50K 
45: R26         Income Taxes                                        HTML    107K 
46: R27         Subsequent Events                                   HTML     30K 
47: R28         Pay vs Performance Disclosure                       HTML     40K 
48: R29         Insider Trading Arrangements                        HTML     34K 
49: R30         Summary of Significant Accounting Policies          HTML    115K 
                (Policies)                                                       
50: R31         Summary of Significant Accounting Policies          HTML     31K 
                (Tables)                                                         
51: R32         Segment Information (Tables)                        HTML    110K 
52: R33         Revenues (Tables)                                   HTML     60K 
53: R34         Inventories, Net (Tables)                           HTML     44K 
54: R35         Property, Plant and Equipment (Tables)              HTML     38K 
55: R36         Intangible Assets, Net (Tables)                     HTML     58K 
56: R37         Leases (Tables)                                     HTML     78K 
57: R38         Borrowings and Other Debt Obligations (Tables)      HTML     53K 
58: R39         Fair Value of Financial Instruments, Assets and     HTML     41K 
                Equity Investements (Tables)                                     
59: R40         Retirement and Employee Benefit Plans (Tables)      HTML     35K 
60: R41         Share-Based Compensation (Tables)                   HTML     39K 
61: R42         Shareholders' Equity (Tables)                       HTML     47K 
62: R43         Earnings per Share (Tables)                         HTML     47K 
63: R44         Income Taxes (Tables)                               HTML    103K 
64: R45         Summary of Significant Accounting Policies          HTML     36K 
                Organization and Nature of Operations (Details)                  
65: R46         Summary of Significant Accounting Policies Major    HTML     40K 
                Customers and Credit Risk (Details)                              
66: R47         Summary of Significant Accounting Policies          HTML     40K 
                Property, Plant and Equipment (Details)                          
67: R48         Summary of Significant Accounting Policies          HTML     33K 
                Intangible Assets (Details)                                      
68: R49         Summary of Significant Accounting Policies Revenue  HTML     34K 
                Recognition (Details)                                            
69: R50         Summary of Significant Accounting Policies New      HTML     30K 
                Accounting Pronouncements (Details)                              
70: R51         Segment Information (Details)                       HTML     85K 
71: R52         Segment Information Geographic Areas (Details)      HTML     44K 
72: R53         Revenues - Narrative (Details)                      HTML     44K 
73: R54         Revenues - Disaggregation of Revenue (Details)      HTML     46K 
74: R55         Revenues - Contract Balances (Details)              HTML     54K 
75: R56         Inventories, Net - Schedule of Inventory (Details)  HTML     37K 
76: R57         Inventories, Net - Inventory Charges (Details)      HTML     34K 
77: R58         Property, Plant and Equipment (Details)             HTML     45K 
78: R59         Intangible Assets, Net - Narrative (Details)        HTML     30K 
79: R60         Intangible Assets, Net - Schedule of Intangible     HTML     41K 
                Assets (Details)                                                 
80: R61         Intangible Assets, Net - Amortization of            HTML     39K 
                Intangible Assets (Details)                                      
81: R62         Leases Lease Cost (Details)                         HTML     41K 
82: R63         Leases Operating and Finance Lease Maturities       HTML     70K 
                Table (Details)                                                  
83: R64         Leases Supplemental Lease Disclosures (Details)     HTML     49K 
84: R65         Borrowings and Other Debt Obligations (Details)     HTML     77K 
85: R66         Borrowings and Other Debt Obligations - Schedule    HTML     51K 
                of Debt Maturity (Details)                                       
86: R67         Borrowings and Other Debt Obligations - Narrative   HTML    166K 
                (Details)                                                        
87: R68         Blue Chip Swap Securities - Argentina (Details)     HTML     33K 
88: R69         Fair Value of Financial Instruments, Assets and     HTML     62K 
                Equity Investements (Details)                                    
89: R70         Derivative Instruments (Details)                    HTML     50K 
90: R71         Retirement and Employee Benefit Plans Narrative     HTML     54K 
                (Details)                                                        
91: R72         Retirement and Employee Benefit Plans Assumptions   HTML     40K 
                (Details)                                                        
92: R73         Share-Based Compensation Narrative (Details)        HTML     86K 
93: R74         Share-Based Compensation Fair Value Assumptions     HTML     44K 
                (Details)                                                        
94: R75         Share-Based Compensation Award Activity (Details)   HTML     80K 
95: R76         Shareholders' Equity Changes in Accumulated Other   HTML     43K 
                Comprehensive Income (Loss) (Details)                            
96: R77         Shareholders' Equity Narrative (Details)            HTML     38K 
97: R78         Earnings per Share (Details)                        HTML     79K 
98: R79         Income Taxes Schedule of Components of Income Tax   HTML     38K 
                Expense (Benefit) (Details)                                      
99: R80         Income Taxes Schedule of Effective Income Tax Rate  HTML     45K 
                Reconciliation (Details)                                         
100: R81         Income Taxes Schedule of Deferred Tax Assets and    HTML     63K  
                Liabilities (Details)                                            
101: R82         Income Taxes Schedule of Unrecognized Tax Benefits  HTML     43K  
                Roll Forward (Details)                                           
102: R83         Income Taxes Summary of Income Tax Contingencies    HTML     51K  
                (Details)                                                        
103: R84         Income Taxes Narrative (Details)                    HTML     79K  
104: R85         Subsequent Events (Details)                         HTML     41K  
106: XML         IDEA XML File -- Filing Summary                      XML    183K  
109: XML         XBRL Instance -- wfrd-20231231_htm                   XML   2.01M  
105: EXCEL       IDEA Workbook of Financial Report Info              XLSX    178K  
16: EX-101.CAL  XBRL Calculations -- wfrd-20231231_cal               XML    218K 
17: EX-101.DEF  XBRL Definitions -- wfrd-20231231_def                XML    679K 
18: EX-101.LAB  XBRL Labels -- wfrd-20231231_lab                     XML   2.01M 
19: EX-101.PRE  XBRL Presentations -- wfrd-20231231_pre              XML   1.23M 
15: EX-101.SCH  XBRL Schema -- wfrd-20231231                         XSD    175K 
107: JSON        XBRL Instance as JSON Data -- MetaLinks              598±   877K  
108: ZIP         XBRL Zipped Folder -- 0001603923-24-000043-xbrl      Zip    646K  


‘EX-31.1’   —   Certification — §302 – SOA’02


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Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER
I, Girishchandra K. Saligram, certify that:
1.I have reviewed this annual report on Form 10-K of Weatherford International plc;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a - 15(f) and 15d - 15(f)) for the registrant and have:
a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:February 7, 2024
President and Chief Executive Officer


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/7/24
For Period end:12/31/235
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/06/24  Weatherford International plc     424B7                  1:531K
 3/01/24  Weatherford International plc     424B7                  2:554K


19 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/24/23  Weatherford International plc     8-K:1,2,9  10/24/23   13:2.5M                                   Toppan Merrill/FA
 4/20/23  Weatherford International plc     8-K:1,7,9   4/19/23   12:248K                                   Toppan Merrill/FA
 3/27/23  Weatherford International plc     8-K:1,2,9   3/24/23   11:255K                                   Toppan Merrill/FA
 2/08/23  Weatherford International plc     10-K       12/31/22  111:12M
 1/23/23  Weatherford International plc     8-K:5,9     1/18/23   16:679K
12/05/22  Weatherford International plc     8-K:1,2,9  12/01/22   11:210K                                   Toppan Merrill/FA
11/28/22  Weatherford International plc     8-K:1,2,9  11/22/22   13:1.9M                                   Toppan Merrill/FA
10/18/22  Weatherford International plc     8-K:1,2,7,910/17/22   13:1.8M                                   Toppan Merrill/FA
 2/17/22  Weatherford International plc     10-K       12/31/21  128:13M
 1/20/22  Weatherford International plc     8-K:5,9     1/18/22   14:504K
11/02/21  Weatherford International plc     10-Q        9/30/21   78:7.6M
10/27/21  Weatherford International plc     8-K:1,2,8,910/27/21   13:1.2M                                   Paul Weiss Ri… LLP 01/FA
 9/30/21  Weatherford International plc     8-K:1,2,8,9 9/30/21   12:1.4M                                   Paul Weiss Ri… LLP 01/FA
 9/20/21  Weatherford International plc     8-K:1,8,9   9/20/21   12:1.5M                                   Paul Weiss Ri… LLP 01/FA
11/04/20  Weatherford International plc     10-Q        9/30/20   80:8.8M
 8/28/20  Weatherford International plc     8-K:1,7,9   8/28/20   14:7.7M                                   Paul Weiss Ri… LLP 01/FA
 4/15/20  Weatherford International plc     8-K:2,3,5,8 4/13/20   14:612K                                   Toppan Merrill/FA
12/18/19  Weatherford International plc     8-K:1,2,3,512/13/19   20:9.6M                                   Toppan Merrill/FA
 6/17/14  Weatherford International plc     8-K12B:1,2, 6/16/14   19:2.5M
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Filing Submission 0001603923-24-000043   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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