Other Operating (Expense) Income, Net
|3 Months Ended|
Mar. 31, 2023
|Other Income and Expenses [Abstract]|
|Other Operating (Expense) Income, Net||
NOTE 10. OTHER OPERATING (EXPENSE) INCOME, NET
Other operating (expense) income, net is comprised of the following:
Loss (gain) on disposal of assets, net consists of gains and losses on excess property, early equipment failures and other asset dispositions.
Litigation expenses and accruals for legal contingencies generally represent legal and professional fees incurred in litigation as well as estimates for loss contingencies with regards to certain vendor disputes and litigation matters. In the three months ended March 31, 2023, these costs represent litigation costs incurred in connection with a patent infringement lawsuit against Halliburton. See Note 7 for a discussion of significant litigation matters.
The acquisition earnout adjustment represents a decrease in the fair value of the contingent consideration related to our acquisition of REV Energy Holdings, LLC ("REV").
The entire disclosure for other operating income and other operating expense items.
No definition available.