2025年11月季度报告

(Mark one)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number1-12317 (Exact name of registrant as specified in its charter) (346)223-3000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑As of October 24, 2025 the registrant had364,752,877shares of common stock, par value $0.01 per share, outstanding. NOV INC.CONSOLIDATED BALANCE SHEETS(In millions, except share data) NOV INC.CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)(In millions, except per share data) NOV INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)(In millions) NOV INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In millions) NOV INC.CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)(In millions) NOV INC.Notes to Consolidated Financial Statements (Unaudited) 1.Basis of Presentation The accompanying unaudited consolidated financial statements of NOV Inc. (“NOV” or the “Company”) present information inaccordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and theinstructions to Form 10-Q and applicable rules of Regulation S-X. They do not include all information or footnotes required by GAAPfor complete consolidated financial statements and should be read in conjunction with the audited consolidated financial statements andfootnotes included in the Company’s 2024 Annual Report on Form 10-K. Certain reclassifications have been made to prior periodfinancial 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 otherwisedisclosed, necessary for a fair presentation of the results for the interim periods. The results of operations for the three and nine monthsended September 30, 2025 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 affectreported and contingent amounts of assets and liabilities as of the date of the financial statements and reported amounts of revenues andexpenses 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 valuesbecause of the short maturities of these instruments. The fair value of long-term debt is provided in Note 8, and the fair values ofderivative financial instruments are provided in Note 11. 2.Inventories, net Inventories consist of (in millions): September 30,December 31,20252024Raw materials and supplies$466$394Work in process218181Finished goods and purchased products1,4661,6432,1502,218Less: Inventory reserve(264)(286)Total$1,886$1,932 3.Accrued Liabilities Accrued liabilities consist of (in millions): 4.Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss are as follows (in millions): The components of amounts reclassified from accumulated other comprehensive loss are as follows (in millions): The Company’s reporting currency is the U.S. dollar. A majority of the Company’s international entities in which there is a substantialinvestment have the