MRC 20170630 10-Q

0001439095-17-000022.txt : 20170804 0001439095-17-000022.hdr.sgml : 20170804 20170804124157 ACCESSION NUMBER: 0001439095-17-000022 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 51 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170804 DATE AS OF CHANGE: 20170804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MRC GLOBAL INC. CENTRAL INDEX KEY: 0001439095 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] IRS NUMBER: 205956993 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35479 FILM NUMBER: 171007753 BUSINESS ADDRESS: STREET 1: FULBRIGHT TOWER STREET 2: 1301 MCKINNEY STREET, SUITE 2300 CITY: HOUSTON STATE: TX ZIP: 77010 BUSINESS PHONE: 877.294.7574 MAIL ADDRESS: STREET 1: FULBRIGHT TOWER STREET 2: 1301 MCKINNEY STREET, SUITE 2300 CITY: HOUSTON STATE: TX ZIP: 77010 FORMER COMPANY: FORMER CONFORMED NAME: MCJUNKIN RED MAN HOLDING CORP DATE OF NAME CHANGE: 20080702 10-Q 1 mrc-20170630x10q.htm 10-Q MRC 20170630 10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________________

FORM 10-Q

(Mark One)


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2017

	OR

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______

Commission file number: 001-35479

MRC Global Inc.
(Exact name of registrant as specified in its charter)

Delaware	20-5956993
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

Fulbright Tower 1301 McKinney Street, Suite 2300 Houston, Texas	77010
(Address of Principal Executive Offices)	(Zip Code)

(877) 294-7574
(Registrant’s Telephone Number, including Area Code)

________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange 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 [ X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ X ] Accelerated filer [ ] Non-accelerated filer (do not check if a smaller reporting company) [ ]

Smaller reporting company [ ] Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying 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 [X]

The Company’s common stock is traded on the New York Stock Exchange under the symbol “MRC”. There were 94,492,896 shares of the registrant’s common stock (excluding 286,481 unvested restricted shares), par value $0.01 per share, issued and outstanding as of July 28, 2017.

Table Of Contents

INDEX TO QUARTERLY REPORT ON FORM 10-Q


Page
PART I – FINANCIAL INFORMATION

ITEM 1.	financial statements (UNAUDITED)	1

	Condensed Consolidated Balance Sheets – JUNE 30, 2017 and December 31, 2016	1

	Condensed Consolidated Statements of Operations – Three AND SIX MONTHS ended JUNE 30, 2017 AND JUNE 30, 2016	2

	Condensed Consolidated Statements of other cOMPREHENSIVE INCOME – three AND SIX months ended JUNE 30, 2017 and JUNE 30, 2016	3

	Condensed CONSOLIDATED STATEMENTS OF cash flows – SIX MONTHS ENDEd JUNE 30, 2017 and JUNE 30, 2016	4

	Notes to the Condensed Consolidated Financial Statements – JUNE 30, 2017	5

ITEM 2.	management’s discussion and analysis of financial condition and
	results of operations	13

ITEM 3.	quantitative and qualitative disclosures about market risk	26

ITEM 4.	controls and procedures	26

PART II – OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS	27

ITEM 1a.	RISK FACTORS	27

ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	27

ITEM 3.	Defaults Upon Senior Securities	27

ITEM 4.	MINING SAFETY DISCLOSURES	28

ITEM 5.	other information	28

ITEM 6.	Exhibits	29

Table Of Contents

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

MRC GLOBAL INC.

(in millions, except shares)


	June 30,	December 31,
	2017	2016

Assets
Current assets:
Cash	$ 37	$ 109
Accounts receivable, net	522	399
Inventories, net	592	561
Other current assets	47	48
Total current assets	1,198	1,117

Other assets	21	19

Property, plant and equipment, net	138	135

Intangible assets:
Goodwill, net	485	482
Other intangible assets, net	390	411

	$ 2,232	$ 2,164

Liabilities and stockholders' equity
Current liabilities:
Trade accounts payable	$ 388	$ 314
Accrued expenses and other current liabilities	114	111
Current portion of long-term debt	8	8
Total current liabilities	510	433

Long-term obligations:
Long-term debt, net	402	406
Deferred income taxes	177	184
Other liabilities	23	23

Commitments and contingencies

6.5% Series A Convertible Perpetual Preferred Stock, $0.01 par value; authorized
363,000 shares; 363,000 shares issued and outstanding	355	355

Stockholders' equity:
Common stock, $0.01 par value per share: 500 million shares authorized,
103,030,267 and 102,529,637 issued, respectively	1	1
Additional paid-in capital	1,683	1,677
Retained deficit	(574)	(574)
Less: Treasury stock at cost: 8,537,410 and 7,677,580 shares, respectively	(125)	(107)
Accumulated other comprehensive loss	(220)	(234)
	765	763
	$ 2,232	$ 2,164
See notes to condensed consolidated financial statements.

Table Of Contents

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

MRC GLOBAL INC.

(in millions, except per share amounts)


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016

Sales	$ 922	$ 746	$ 1,784	$ 1,529
Cost of sales	773	621	1,495	1,271
Gross profit	149	125	289	258
Selling, general and administrative expenses	132	135	258	272
Operating income (loss)	17	(10)	31	(14)
Other expense:
Interest expense	(8)	(9)	(15)	(17)
Other, net	-	-	-	(1)

Income (loss) before income taxes	9	(19)	16	(32)
Income tax expense (benefit)	3	(2)	4	(7)
Net income (loss)	6	(17)	12	(25)
Series A preferred stock dividends	6	6	12	12
Net income (loss) attributable to common stockholders	$ -	$ (23)	$ -	$ (37)


Basic income (loss) per common share	$ -	$ (0.24)	$ -	$ (0.37)
Diluted income (loss) per common share	$ -	$ (0.24)	$ -	$ (0.37)
Weighted-average common shares, basic	94.5	97.7	94.6	99.2
Weighted-average common shares, diluted	95.6	97.7	96.0	99.2

See notes to condensed consolidated financial statements.

Table Of Contents

CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (UNAUDITED)

MRC GLOBAL INC.

(in millions)


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016

Net income (loss)	$ 6	$ (17)	$ 12	$ (25)

Other comprehensive income (loss)
Foreign currency translation adjustments	8	(4)	14	12
Comprehensive income (loss)	$ 14	$ (21)	$ 26	$ (13)

See notes to condensed consolidated financial statements.

Table Of Contents

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

MRC GLOBAL INC.

(in millions)


	Six Months Ended
	June 30,	June 30,
	2017	2016

Operating activities
Net income (loss)	$ 12	$ (25)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operations:
Depreciation and amortization	11	10
Amortization of intangibles	22	23
Equity-based compensation expense	9	7
Deferred income tax benefit	(7)	(5)
Amortization of debt issuance costs	2	2
Increase (decrease) in LIFO reserve	6	(4)
Foreign currency (gains) losses	(2)	2
Other	4	4
Changes in operating assets and liabilities:
Accounts receivable	(117)	104
Inventories	(33)	51
Other current assets	7	2
Income taxes payable	(12)	(6)
Accounts payable	68	(10)
Accrued expenses and other current liabilities	6	(7)
Net cash (used in) provided by operations	(24)	148

Investing activities
Purchases of property, plant and equipment	(14)	(14)
Proceeds from the disposition of non-core product line	-	48
Other investing activities	-	2
Net cash (used in) provided by investing activities	(14)	36

Financing activities
Payments on revolving credit facilities	(223)	(27)
Proceeds from revolving credit facilities	223	27
Payments on long-term obligations	(4)	(4)
Purchase of common stock	(18)	(71)
Dividends paid on preferred stock	(12)	(12)
Repurchases of shares to satisfy tax withholdings	(3)	-
Net cash used in financing activities	(37)	(87)

(Decrease) increase in cash	(75)	97
Effect of foreign exchange rate on cash	3	1
Cash -- beginning of period	109	69
Cash -- end of period	$ 37	$ 167

Supplemental disclosures of cash flow information:
Cash paid for interest	$ 13	$ 16
Cash paid for income taxes	$ 22	$ 6
See notes to condensed consolidated financial statements.

Table Of Contents

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

MRC GLOBAL INC.

NOTE 1 – BACKGROUND AND BASIS OF PRESENTATION

Business Operations: MRC Global Inc. is a holding company headquartered in Houston, Texas. Our wholly owned subsidiaries are global distributors of pipe, valves, fittings (“PVF”) and related products and services across each of the upstream (exploration, production and extraction of underground oil and gas), midstream (gathering and transmission of oil and gas, gas utilities, and the storage and distribution of oil and gas) and downstream (crude oil refining and petrochemical and chemical processing and general industrials) sectors. We have branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Caspian. Our products are obtained from a broad range of suppliers.

Basis of Presentation: We have prepared our unaudited condensed consolidated financial statements in accordance with Rule 10-01 of Regulation S-X for interim financial statements. These statements do not include all information and footnotes that generally accepted accounting principles require for complete annual financial statements. However, the information in these statements reflects all normal recurring adjustments which are, in our opinion, 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, 2017 are not necessarily indicative of the results that will be realized for the fiscal year ending December 31, 2017. We have derived our condensed consolidated balance sheet as of December 31, 2016 from the audited consolidated financial statements for the year ended December 31, 2016. You should read these condensed consolidated financial statements in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2016.

The consolidated financial statements include the accounts of MRC Global Inc. and its wholly owned and majority owned subsidiaries (collectively referred to as the “Company” or by such terms as “we,” “our” or “us”). All material intercompany balances and transactions have been eliminated in consolidation.

Recent Accounting Pronouncements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard, which will supersede previous existing revenue recognition guidance. The Accounting Standards Update (“ASU”) also provides guidance on accounting for certain contract costs and requires new disclosures. During fiscal 2016, the FASB issued additional clarification guidance on the new revenue recognition standard, which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) is effective for fiscal periods beginning after December 15, 2017 and allows for either full retrospective or modified retrospective adoption. To date, we have performed a formal review of contracts with 36 of our largest customers which represented 58% of 2016 revenue. We are in the process of evaluating the impact of the new guidance based on our review of the contracts with these large customers. The balance of our revenue is derived from thousands of customers with which we generally interact in a transactional relationship where goods are purchased from our branch locations. Based on our analysis to date, we do not expect the guidance to have a material impact on the timing of our revenue recognition. We plan to adopt the standard in the first quarter of 2018 and have determined that we will utilize the modified retrospective transition method. We are still assessing the impact of the standard on our internal control processes and information systems. However, we do not currently believe that significant modifications of our systems will be required.

In February 2016, the FASB issued ASU 2016-02, Leases, which will replace the existing guidance in ASC 870, Leases. This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. This guidance is effective for annual and interim reporting periods of public entities beginning after December 15, 2018. We are in the process of evaluating the effect of the adoption of ASU 2016-02 on our consolidated financial statements.

In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740). The guidance requires companies to recognize the income tax effects of intercompany sales and transfers of assets, other than inventory, in the income statement as income tax expense (or benefit) in the period in which the transfer occurs. The effective date will be the first quarter of fiscal year 2018, with early adoption permitted. The changes are required to be applied by means of a cumulative-effect adjustment recorded in retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements.

In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The amendments in ASU 2017-04 eliminate the current two-step approach used to test goodwill for impairment and require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair

Table Of Contents

value, not to exceed the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal years, including interim periods within, beginning after December 15, 2019 (upon the first goodwill impairment test performed during that fiscal year). Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. A reporting entity must apply the amendments in ASU 2017-04 using a prospective approach. The Company does not expect the adoption of ASU 2017-04 to have a material impact to its consolidated financial statements.

In May 2017, the FASB issued ASU No. 2017-09, Compensation – Stock Compensation (Topic 718) Scope of Modification Accounting which clarifies modification accounting for share-based payment awards should not be applied if the fair value, vesting conditions, and the classification of the modified award as an equity instrument or as a liability instrument are the same before and immediately after the modification. This standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Adoption will be applied prospectively to awards modified on or after the adoption date. The Company does not expect the adoption of ASU 2017-09 to have a material impact to its consolidated financial statements.

NOTE 2 – INVENTORIES

The composition of our inventory is as follows (in millions):


	June 30,	December 31,
	2017	2016
Finished goods inventory at average cost:
Line pipe	$ 139	$ 124
Valves, automation, measurement and instrumentation	240	225
All other products	320	313
	699	662
Less: Excess of average cost over LIFO cost (LIFO reserve)	(73)	(67)
Less: Other inventory reserves	(34)	(34)
	$ 592	$ 561

In 2016, we experienced reductions in inventory quantities, resulting in a liquidation of a last-in, first out (“LIFO”) inventory layer that was carried at a lower cost prevailing from a prior year, as compared with current costs (a “LIFO decrement”). A LIFO decrement results in the erosion of layers created in earlier years, and, therefore, a LIFO layer is not created for years that have decrements. For the three and six months ended June 30, 2016, the effect of this LIFO decrement decreased cost of sales by approximately $2 million and $3 million, respectively. We do not anticipate a LIFO decrement in 2017.

NOTE 3 – LONG-TERM DEBT

The components of our long-term debt are as follows (in millions):


	June 30,	December 31,
	2017	2016
Senior Secured Term Loan B, net of discount and issuance costs of $3 and $4, respectively	$ 410	$ 414
Global ABL Facility	-	-
	410	414
Less: current portion	8	8
	$ 402	$ 406

Table Of Contents

subsidiaries, as well as a pledge of all of the capital stock of our domestic subsidiaries and 65% of the capital stock of first tier, non-U.S. subsidiaries. We are required to repay the Term Loan with certain asset sales and insurance proceeds, certain debt proceeds and 50% of excess cash flow (reducing to 25% if our senior secured leverage ratio is no more than 2.75 to 1.00 and 0% if our senior secured leverage ratio is no more than 2.50 to 1.00). In addition, the Term Loan contains a number of customary restrictive covenants.

The interest rate for the Term Loan, including the amortization of original issue discount and debt issuance costs, was 5.57% as of June 30, 2017 and 5.51% at December 31, 2016.

Global ABL Facility: We have a $1.05 billion multi-currency global asset-based revolving credit facility (the “Global ABL Facility”) that matures in July 2019. This facility is comprised of $977 million in revolver commitments in the United States, $30 million in Norway, $20 million in Canada, $5 million in the United Kingdom, $10 million in Australia, $4 million in the Netherlands and $4 million in Belgium. It contains an accordion feature that allows us to increase the principal amount of the facility by up to $300 million, subject to securing additional lender commitments. MRC Global Inc. and each of its current and future wholly owned material U.S. subsidiaries guarantee the obligations of our borrower subsidiaries under the Global ABL Facility. Additionally, each of our non-U.S. borrower subsidiaries guarantees the obligations of our other non-U.S. borrower subsidiaries under the Global ABL Facility. Outstanding obligations are generally secured by a first priority security interest in accounts receivable, inventory and related assets. Excess Availability, as defined under our Global ABL Facility, was $505 million as of June 30, 2017.

NOTE 4 – INCOME TAXES

In the first quarter of 2017, we adopted ASU 2016-09, Compensation - Stock Compensation, which simplified the accounting for taxes related to stock based compensation. Under the standard, excess tax benefits and certain tax deficiencies are no longer recorded in additional paid-in capital (“APIC”), and APIC pools are eliminated. Instead, all excess tax benefits and tax deficiencies are recorded as income tax expense or benefit in the income statement. In addition, excess tax benefits are presented as operating activities rather than financing activities in the statement of cash flows. For the three and six months ended June 30, 2017, we recorded a tax benefit of $0 million and $2 million, respectively, related to the vesting of stock awards. The impacts of this standard are reflected in the consolidated financial statements on a prospective basis.

For interim periods, our income tax expense is computed based upon our estimated annual effective tax rate. Our effective tax rates for the three and six months ended June 30, 2017 were 33% and 25%, respectively. The effective tax rates for the three and six months ended June 30, 2016 were 11% and 22%, respectively. Our rates generally differ from the U.S. federal statutory rate of 35% as a result of state income taxes and differing, generally lower, foreign income tax rates. The effective tax rate for the six months ended June 30, 2017 was lower than our U.S. federal statutory rate primarily due to the discrete impact of the implementation of ASU 2016-09 and a benefit related to foreign currency exchange losses. Our 2016 effective tax rates were significantly lower than our U.S. federal statutory rate due to forecasted pre-tax losses across all segments including significant pre-tax losses in jurisdictions where there was no corresponding tax benefit.

NOTE 5 – REDEEMABLE PREFERRED STOCK

Preferred Stock Issuance

In June 2015, we issued 363,000 shares of Series A Convertible Perpetual Preferred Stock (the “Preferred Stock”) and received gross proceeds of $363 million. The Preferred Stock ranks senior to our common stock with respect to dividend rights and rights on liquidation, winding-up and dissolution. The Preferred Stock has a stated value of $1,000 per share, and holders of Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 6.50% per annum. Holders of Preferred Stock are entitled to vote together with the holders of the common stock as a single class, in each case, on an as-converted basis, except where a separate class vote of the common stockholders is required by law. Holders of Preferred Stock have certain limited special approval rights, including with respect to the issuance of pari passu or senior equity securities of the Company.

The Preferred Stock is convertible at the option of the holders into shares of common stock at an initial conversion rate of 55.9284 shares of common stock for each share of Preferred Stock, which represents an initial conversion price of approximately $17.88 per share of common stock, subject to adjustment. On or after the fifth anniversary of the initial issuance of the Preferred Stock, the Company will have the option to redeem, in whole but not in part, all the outstanding shares of Preferred Stock, subject to certain redemption price adjustments on the basis of the date of the conversion. We may elect to convert the Preferred Stock, in whole but not in part, into the relevant number of shares of common stock on or after the 54th month after the initial issuance of the Preferred Stock if the last reported sale price of the common stock has been at least 150% of the conversion price then in effect for a specified period. The conversion rate is subject to customary anti-dilution and other adjustments.

Table Of Contents

Holders of the Preferred Stock may, at their option, require the Company to repurchase their shares in the event of a fundamental change, as defined in the agreement. The repurchase price is based on the original $1,000 per share purchase price except in the case of a liquidation in which case they would receive the greater of $1,000 per share and the amount that would be received if they held common stock converted at the conversion rate in effect at the time of the fundamental change. Because this feature could require redemption as a result of the occurrence of an event not solely within the control of the Company, the Preferred Stock is classified as temporary equity on our balance sheet.

NOTE 6 – STOCKHOLDERS’ EQUITY

Share Repurchase Program

In November 2015, the Company’s board of directors authorized a share repurchase program for common stock up to $100 million, which was increased in November 2016 to $125 million. The shares may be repurchased at management’s discretion in the open market. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. In the first quarter of 2017, the Company completed the repurchase of all shares authorized under the program.


Summary of share repurchase activity under the repurchase program:

	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016
Number of shares acquired on the open market	-	2,399,400	859,830	5,278,274
Average price per share	$ -	$ 13.82	$ 20.54	$ 13.59
Total cost of acquired shares (in millions)	$ -	$ 33	$ 18	$ 71

In total, we have acquired 8,537,410 shares under this program at an average price per share of $14.64 for a total cost of $125 million. There were 94,492,857 shares of common stock outstanding as of June 30, 2017.

Equity Compensation Plans

Our 2011 Omnibus Incentive Plan originally had 3,250,000 shares reserved for issuance under the plan. In April 2015, our shareholders approved an additional 4,250,000 shares for reservation for issuance under the plan. The plan permits the issuance of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units and other stock-based and cash-based awards. Since the adoption of the 2011 Omnibus Incentive Plan, the Company’s Board of Directors has periodically granted stock options, restricted stock awards, restricted stock units and performance share units to directors and employees. Options and stock appreciation rights may not be granted at prices less than the fair market value of our common stock on the date of the grant, nor for a term exceeding ten years. For employees, vesting generally occurs ratably over a three to five year period on the anniversaries of the date specified in the employees’ respective stock option, restricted stock award, restricted stock unit and performance share unit award agreements, subject to accelerated vesting under certain circumstances set forth in the agreements. Vesting for directors generally occurs on the one-year anniversary of the grant date. In 2017, 164,098 performance share unit awards, 543,319 restricted stock units, and 63,272 shares of restricted stock have been granted to employees and members of our board of directors. To date, since the plan’s inception in 2011, before consideration of forfeitures, 5,858,998 shares have been granted to management, members of our board of directors and key employees under this plan. A Black-Scholes option-pricing model is used to estimate the fair value of the stock options. A Monte Carlo simulation is completed to estimate the fair value of performance share unit awards with a stock price performance component. We expense the fair value of all equity grants, including performance share unit awards, on a straight-line basis over the vesting period.

Table Of Contents

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss in the accompanying consolidated balance sheets consists of the following (in millions):



	June 30,	December 31,
	2017	2016

Currency translation adjustments	$ (219)	$ (233)
Pension related adjustments	(1)	(1)
Accumulated other comprehensive loss	$ (220)	$ (234)

Earnings per Share

Earnings per share are calculated in the table below (in millions, except per share amounts).



	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016


Net income (loss)	$ 6	$ (17)	$ 12	$ (25)
Less: Dividends on Series A Preferred Stock	6	6	12	12
Net income (loss) attributable to common stockholders	$ -	$ (23)	$ -	$ (37)

Weighted average basic shares outstanding	94.5	97.7	94.6	99.2
Effect of dilutive securities	1.1	-	1.4	-
Weighted average diluted shares outstanding	95.6	97.7	96.0	99.2

Net income (loss) per share:
Basic	$ -	$ (0.24)	$ -	$ (0.37)
Diluted	$ -	$ (0.24)	$ -	$ (0.37)

Equity awards and shares of Preferred Stock are disregarded in the calculation of diluted earnings per share if they are determined to be anti-dilutive. For the three and six months ended June 30, 2017, all of the shares of the Preferred Stock were anti-dilutive. For the three and six months ended June 30, 2017, we had approximately 2.1 million anti-dilutive stock options. For the three and six months ended June 30, 2016, we had approximately 3.7 million anti-dilutive stock options. There were 0.8 million and 0.7 million anti-dilutive restricted stock, restricted units or performance stock unit awards for the three and six months ended June 30, 2016, respectively.

NOTE 7 – SEGMENT INFORMATION

Our business is comprised of four operating segments: U.S. Eastern Region and Gulf Coast, U.S. Western Region, Canada and International. Our International segment consists of our operations outside of the U.S. and Canada. These segments represent our business of selling PVF to the energy sector across each of the upstream (exploration, production and extraction of underground oil and gas), midstream (gathering and transmission of oil and gas, gas utilities, and the storage and distribution of oil and gas) and downstream (crude oil refining and petrochemical and chemical processing and general industrials) markets. Our two U.S. operating segments have been aggregated into a single reportable segment based on their economic similarities. As a result, we report segment information for the U.S., Canada and International.

Table Of Contents

The following table presents financial information for each reportable segment (in millions):


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016
Sales
U.S.	$ 720	$ 551	$ 1,386	$ 1,157
Canada	69	54	146	118
International	133	141	252	254
Consolidated sales	$ 922	$ 746	$ 1,784	$ 1,529

Operating income (loss)
U.S.	$ 21	$ (2)	$ 32	$ 2
Canada	1	(2)	4	(3)
International	(5)	(6)	(5)	(13)
Total operating income (loss)	17	(10)	$ 31	$ (14)

Interest expense	(8)	(9)	(15)	(17)
Other, net	-	-	-	(1)
Income (loss) before income taxes	$ 9	$ (19)	$ 16	$ (32)


			June 30,	December 31,
			2017	2016
Total assets
U.S.			$ 1,886	$ 1,862
Canada			145	139
International			201	163
Total assets			$ 2,232	$ 2,164

Our sales by product line are as follows (in millions):


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
Type	2017	2016	2017	2016

Valves, automation, measurement and instrumentation	$ 327	$ 299	$ 649	$ 598
Line pipe	170	96	316	228
Gas products	143	108	277	208
Carbon steel fittings and flanges	139	116	262	236
Stainless steel and alloy pipe and fittings	50	47	91	95
Other	93	80	189	164
	$ 922	$ 746	$ 1,784	$ 1,529

NOTE 8 – FAIR VALUE MEASUREMENTS

From time to time, we use derivative financial instruments to help manage our exposure to interest rate risk and fluctuations in foreign currencies. All of our derivative instruments are freestanding and, accordingly, changes in their fair market value are recorded in earnings. As of June 30, 2017, we do not have any interest rate swap agreements. Foreign exchange forward contracts and options are reported at fair value utilizing Level 2 inputs, as the fair value is based on broker quotes for the same or similar derivative instruments. The total notional amount of our forward foreign exchange contracts and options was approximately $54 million and $36 million at June 30, 2017 and December 31, 2016, respectively. We had approximately $0 million recorded as liabilities on our consolidated balance sheets as of June 30, 2017 and December 31, 2016.

Table Of Contents

With the exception of long-term debt, the fair values of our financial instruments, including cash and cash equivalents, accounts receivable, trade accounts payable and accrued liabilities approximate carrying value. The carrying value of our debt was $410 million and $414 million at June 30, 2017 and December 31, 2016, respectively. We estimate the fair value of the Term Loan using Level 2 inputs, or quoted market prices. The fair value of our debt was $417 million at June 30, 2017 and December 31, 2016.

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Litigation

Asbestos Claims. We are one of many defendants in lawsuits that plaintiffs have brought seeking damages for personal injuries that exposure to asbestos allegedly caused. Plaintiffs and their family members have brought these lawsuits against a large volume of defendant entities as a result of the defendants’ manufacture, distribution, supply or other involvement with asbestos, asbestos containing-products or equipment or activities that allegedly caused plaintiffs to be exposed to asbestos. These plaintiffs typically assert exposure to asbestos as a consequence of third-party manufactured products that our MRC Global (US) Inc. subsidiary purportedly distributed. As of June 30, 2017, we are named a defendant in approximately 508 lawsuits involving approximately 1,128 claims. No asbestos lawsuit has resulted in a judgment against us to date, with a majority being settled, dismissed or otherwise resolved. Applicable third-party insurance has substantially covered these claims, and insurance should continue to cover a substantial majority of existing and anticipated future claims. Accordingly, we have recorded a liability for our estimate of the most likely settlement of asserted claims and a related receivable from insurers for our estimated recovery, to the extent we believe that the amounts of recovery are probable. It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote.

Other Legal Claims and Proceedings. From time to time, we have been subject to various claims and involved in legal proceedings incidental to the nature of our businesses. We maintain insurance coverage to reduce financial risk associated with certain of these claims and proceedings. It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote.

Product Claims. From time to time, in the ordinary course of our business, our customers may claim that the products that we distribute are either defective or require repair or replacement under warranties that either we or the manufacturer may provide to the customer. These proceedings are, in the opinion of management, ordinary and routine matters incidental to our normal business. Our purchase orders with our suppliers generally require the manufacturer to indemnify us against any product liability claims, leaving the manufacturer ultimately responsible for these claims. In many cases, state, provincial or foreign law provides protection to distributors for these sorts of claims, shifting the responsibility to the manufacturer. In some cases, we could be required to repair or replace the products for the benefit of our customer and seek our recovery from the manufacturer for our expense. In our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote.

Weatherford Claim. In addition to PVF, our Canadian subsidiary, Midfield Supply (“Midfield”), now known as MRC Global (Canada) ULC, also distributed progressive cavity pumps and related equipment (“PCPs”) under a distribution agreement with Weatherford Canada Partnership (“Weatherford”) within a certain geographical area located in southern Alberta, Canada. In late 2005 and early 2006, Midfield hired new employees, including former Weatherford employees, as part of Midfield’s desire to expand its PVF business into northern Alberta. Shortly thereafter, many of these employees left Midfield and formed a PCP manufacturing, distribution and service company named Europump Systems Inc. (“Europump”) in 2006. A subsidiary of Halliburton Company purchased Europump in 2014. The distribution agreement with Weatherford expired in 2006. Midfield supplied Europump with PVF products that Europump distributed along with PCP pumps. In April 2007, Midfield purchased Europump’s distribution branches and began distributing and servicing Europump PCPs.

Pursuant to a complaint that Weatherford filed on April 11, 2006 in the Court of Queen’s Bench of Alberta, Judicial Bench of Edmonton (Action No. 060304628), Weatherford sued Europump, three of Europump’s part suppliers, Midfield, certain current and former employees of Midfield, and other related entities, asserting a host of claims including breach of contract, breach of fiduciary duty, misappropriation of confidential information related to the PCPs, unlawful interference with economic relations and conspiracy. The Company denies these allegations and contends that Midfield’s expansion and subsequent growth was the result of fair competition.

In June 2017, Midfield and Europump and certain individual defendants and related entities settled the case. As part of the settlement, MRC Global (Canada) ULC agreed to pay $6 million in exchange for a release from Weatherford and agreement to dismiss the case. The Company had previously recorded a reserve of $3 million. As a result of the settlement, an additional charge of $3 million was recorded in the second quarter of 2017.

Table Of Contents

Customer Contracts

We have contracts and agreements with many of our customers that dictate certain terms of our sales arrangements (pricing, deliverables, etc.). While we make every effort to abide by the terms of these contracts, certain provisions are complex and often subject to varying interpretations. Under the terms of these contracts, our customers have the right to audit our adherence to the contract terms. Historically, any settlements that have resulted from these customer audits have not been material to our consolidated financial statements.

Purchase Commitments

We have purchase obligations consisting primarily of inventory purchases made in the normal course of business to meet operating needs. While our vendors often allow us to cancel these purchase orders without penalty, in certain cases, cancellations may subject us to cancellation fees or penalties depending on the terms of the contract.

Table Of Contents

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our financial statements and related notes included elsewhere in this report. This discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. As used in this Form 10-Q, unless otherwise indicated or the context otherwise requires, all references to the “Company”, “MRC Global”, “we”, “our” or “us” refer to MRC Global Inc. and its consolidated subsidiaries. All references throughout this section (and elsewhere in this report) to amounts available for borrowing under various credit facilities refer to amounts actually available for borrowing after giving effect to any borrowing base limitations that the facility imposes.

Cautionary Note Regarding Forward-Looking Statements

Management’s Discussion and Analysis of Financial Condition and Results of Operations (as well as other sections of this Quarterly Report on Form 10-Q) contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include those preceded by, followed by or including the words “will,” “expect,” “intended,” “anticipated,” “believe,” “project,” “forecast,” “propose,” “plan,” “estimate,” “enable,” and similar expressions, including, for example, statements about our business strategy, our industry, our future profitability, growth in the industry sectors we serve, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions, and estimates and projections of future activity and trends in the oil and natural gas industry. These forward-looking statements are not guarantees of future performance. These statements are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, most of which are difficult to predict and many of which are beyond our control, including the factors described under “Risk Factors”, that may cause our actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. Such risks and uncertainties include, among other things:

•decreases in oil and natural gas prices;

•decreases in oil and natural gas industry expenditure levels, which may result from decreased oil and natural gas prices or other factors;

•increased usage of alternative fuels, which may negatively affect oil and natural gas industry expenditure levels;

•U.S. and international general economic conditions;

•our ability to compete successfully with other companies in our industry;

•the risk that manufacturers of the products we distribute will sell a substantial amount of goods directly to end users in the industry sectors we serve;

•unexpected supply shortages;

•cost increases by our suppliers;

•our lack of long-term contracts with most of our suppliers;

•suppliers’ price reductions of products that we sell, which could cause the value of our inventory to decline;

•decreases in steel prices, which could significantly lower our profit;

•increases in steel prices, which we may be unable to pass along to our customers which could significantly lower our profit;

•our lack of long-term contracts with many of our customers and our lack of contracts with customers that require minimum purchase volumes;

•changes in our customer and product mix;

•risks related to our customers’ creditworthiness;

•the success of our acquisition strategies;

•the potential adverse effects associated with integrating acquisitions into our business and whether these acquisitions will yield their intended benefits;

•our significant indebtedness;

•the dependence on our subsidiaries for cash to meet our obligations;

Table Of Contents

•changes in our credit profile;

•a decline in demand for certain of the products we distribute if import restrictions on these products are lifted;

•environmental, health and safety laws and regulations and the interpretation or implementation thereof;

•the sufficiency of our insurance policies to cover losses, including liabilities arising from litigation;

•product liability claims against us;

•pending or future asbestos-related claims against us;

•the potential loss of key personnel;

•interruption in the proper functioning of our information systems;

•the occurrence of cybersecurity incidents;

•loss of third-party transportation providers;

•potential inability to obtain necessary capital;

•risks related to adverse weather events or natural disasters;

•impairment of our goodwill or other intangible assets;

•adverse changes in political or economic conditions in the countries in which we operate;

•exposure to U.S. and international laws and regulations, including the Foreign Corrupt Practices Act and the U.K. Bribery Act and other economic sanctions programs;

•risks associated with international instability and geopolitical developments;

•risks relating to ongoing evaluations of internal controls required by Section 404 of the Sarbanes-Oxley Act;

•the impact on us of changes in U.S. generally accepted accounting principles or tax laws;

•our intention not to pay dividends; and

•the impact of U.S government policies.

Undue reliance should not be placed on our forward-looking statements. Although forward-looking statements reflect our good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except to the extent law requires.

Overview

We are the largest global industrial distributor, based on sales, of pipe, valves, and fittings (“PVF”) and related products and services to the energy industry and hold a leading position in our industry across each of the upstream (exploration, production and extraction of underground oil and natural gas), midstream (gathering and transmission of oil and natural gas, natural gas utilities and the storage and distribution of oil and natural gas) and downstream (crude oil refining, petrochemical and chemical processing and general industrials) sectors. Our business is segregated into three geographic reportable segments, consisting of our U.S., Canada and International operations. We serve our customers from approximately 300 service locations. We offer a wide array of PVF and oilfield supplies encompassing a complete line of products from our global network of over 12,000 suppliers to our more than 17,000 customers. We are diversified by geography, the industry sectors we serve and the products we sell. We seek to provide best-in-class service to our customers by satisfying the most complex, multi-site needs of many of the largest companies in the energy sector as their primary PVF supplier. We believe the critical role we play in our customers’ supply chain, together with our extensive product offering, broad global presence, customer-linked scalable information systems and efficient distribution capabilities, serve to solidify our long-standing customer relationships and drive our growth. As a result, we have an average relationship of over 25 years with our 25 largest customers.

Table Of Contents

Key Drivers of Our Business

Our revenues are predominantly derived from the sale of PVF and other oilfield and industrial supplies to the energy sector globally. Our business is therefore dependent upon both the current conditions and future prospects in the energy industry and, in particular, maintenance and expansionary operating and capital expenditures by our customers in the upstream, midstream and downstream sectors of the industry. We saw customer spending fall off significantly beginning in late 2014 and continuing through 2016 as a result of lower oil and natural gas prices. Long-term growth in spending has been driven by several factors, including underinvestment in global energy infrastructure, growth in shale and unconventional exploration and production (“E&P”) activity, and anticipated strength in the oil, natural gas, refined products and petrochemical sectors. The outlook for future oil, natural gas, refined products and petrochemical PVF spending is influenced by numerous factors, including the following:

•Oil and Natural Gas Prices. Sales of PVF and related products to the oil and natural gas industry constitute over 90% of our sales. As a result, we depend upon the oil and natural gas industry and its ability and willingness to make maintenance and capital expenditures to explore for, produce and process oil, natural gas and refined products. Oil and natural gas prices, both current and projected, along with the costs necessary to produce oil and gas, impact other drivers of our business, including capital spending by customers, additions and maintenance to pipeline mileage, refinery utilization and petrochemical processing activity.

•Economic Conditions. The demand for the products we distribute is dependent on the general economy, the energy sector and other factors. Changes in the general economy or in the energy sector (domestically or internationally) can cause demand for the products we distribute to materially change.

•Manufacturer and Distributor Inventory Levels of PVF and Related Products. Manufacturer and distributor inventory levels of PVF and related products can change significantly from period to period. Increased inventory levels by manufacturers or other distributors can cause an oversupply of PVF and related products in the industry sectors we serve and reduce the prices that we are able to charge for the products we distribute. Reduced prices, in turn, would likely reduce our profitability. Conversely, decreased manufacturer inventory levels may ultimately lead to increased demand for our products and would likely result in increased sales volumes and overall profitability.

• Steel Prices, Availability and Supply and Demand. Fluctuations in steel prices can lead to volatility in the pricing of the products we distribute, especially carbon steel tubular products, which can influence the buying patterns of our customers. A majority of the products we distribute contain various types of steel. The worldwide supply and demand for these products, or other steel products that we do not supply, impacts the pricing and availability of our products and, ultimately, our sales and operating profitability.

Recent Trends and Outlook

During the first six months of 2017, the average oil price of West Texas Intermediate (“WTI”) increased to $49.85 per barrel from $39.55 per barrel in the first six months of 2016. Natural gas prices increased to an average price of $3.05/Mcf (Henry Hub) for the first six months of 2017 compared to $2.07/Mcf (Henry Hub) for the first six months of 2016. North American drilling rig activity increased 73% in the first six months of 2017 as compared to the first six months of 2016.

In recent years, there has been an increase in the global supply of crude oil, including the contribution of U.S. shale oil, at a pace exceeding demand growth. This increase combined with a hesitance on the part of the Organization of Petroleum Exporting Countries (“OPEC”) to curb production triggered a dramatic decline in oil prices that began in late 2014 and continued throughout 2016. This low price environment, in turn, resulted in a dramatic decline in E&P capital spending by our customers, which directly impacts our business. In 2016, customer spending fell by 27%, following a 21% decline in 2015, which brought spending to its lowest levels since 2009. This marked the first time in nearly 30 years that global spending has been down in consecutive years. However, since its November 2016 announcement, OPEC has attempted to enforce production cuts and we are encouraged by recent improvements in oil prices and drilling activity and expect 2017 revenue to be higher than 2016. Prominent E&P spending surveys, which include many of our customers, indicate that 2017 spending will increase in North America with additional growth in 2018 and 2019, while forecasts outside of North America are more subdued. We expect our business to follow the same trend. However, in the short-term, oil prices remain volatile and changes in oil prices could impact customer spending levels.

In January 2017, a new U.S. President took office and a new U.S. Congress was seated. They have publicly made statements regarding the desire to support United States energy producers, refocus the EPA on its core mission, focus on United States interests first and lessen the regulatory burden on businesses to create job growth. These statements have been further supported by the approval of a number of pipeline projects. They have also announced an aggressive policy agenda to change the tax system, modify the relationships between the United States and other countries, cancel or modify trade treaties and remake relationships with other countries. Until specific laws are passed, executive actions are taken or federal regulatory

Table Of Contents

action is enacted, it is unclear what impact these policies will have on our business. While at first impression these policies could decrease the regulatory and tax burden on our business and the businesses of our U.S. customers, increase oil and gas production in the U.S. and, as a result, our U.S. business activity and increase the sales of product from our U.S. suppliers, it is not clear that all impacts would be positive. However, in the absence of specifics and given the government’s generally supportive stance for the oil and gas industry, and based on E&P spending surveys and our customers’ current outlook for oil and gas supply and demand, we expect our business to increase in 2017.

We determine backlog by the amount of unshipped customer orders, either specific or general in nature, which the customer may revise or cancel in certain instances. The table below details our backlog by segment (in millions):




	June 30,	December 31,	June 30,
	2017	2016	2016
U.S.	$ 564	$ 472	$ 376
Canada	34	36	34
International	229	241	247
	$ 827	$ 749	$ 657

Approximately 21% and 28% of our June 30, 2017 and December 31, 2016 ending backlog, respectively, was associated with one customer in our U.S. segment as the result of a significant ongoing customer project. There can be no assurance that the backlog amounts will ultimately be realized as revenue or that we will earn a profit on the backlog of orders, but we expect that substantially all of the sales in our backlog will be realized in the next twelve months.


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016
Average Rig Count (1):
United States	895	422	819	483
Canada	117	48	206	108
International	958	943	948	979
Total	1,970	1,413	1,973	1,570
Average Commodity Prices (2):
WTI crude oil (per barrel)	$ 48.10	$ 45.46	$ 49.85	$ 39.55
Brent crude oil (per barrel)	$ 49.55	$ 45.57	$ 51.57	$ 39.80
Natural gas ($/Mcf)	$ 3.08	$ 2.15	$ 3.05	$ 2.07

Average Monthly U.S. Well Permits (3)	3,482	2,048	3,391	2,051
3:2:1 Crack Spread (4)	$ 17.04	$ 17.12	$ 16.38	$ 16.29
_______________________
(1) Source-Baker Hughes (www.bhge.com) (Total rig count includes oil, natural gas and other rigs.)
(2) Source-Department of Energy, EIA (www.eia.gov)
(3) Source-Rig Data (U.S.)
(4) Source- Bloomberg

Table Of Contents

Results of Operations

Three Months Ended June 30, 2017 Compared to the Three Months Ended June 30, 2016

The breakdown of our sales by sector for the three months ended June 30, 2017 and 2016 was as follows (in millions):


	Three Months Ended
	June 30, 2017		June 30, 2016
Upstream	$ 258	28%	$ 211	28%
Midstream	420	46%	292	39%
Downstream	244	26%	243	33%
	$ 922	100%	$ 746	100%

For the three months ended June 30, 2017 and 2016, the following table summarizes our results of operations (in millions):


	Three Months Ended
	June 30,	June 30,
	2017	2016	$ Change	% Change
Sales:
U.S.	$ 720	$ 551	$ 169	31%
Canada	69	54	15	28%
International	133	141	(8)	(6%)
Consolidated	$ 922	$ 746	$ 176	24%

Operating income (loss):
U.S.	$ 21	$ (2)	$ 23	N/M
Canada	1	(2)	3	N/M
International	(5)	(6)	1	(17%)
Consolidated	17	(10)	27	N/M

Interest expense	(8)	(9)	1	(11%)
Other income (expense)	-	-	-	N/M
Income tax (expense) benefit	(3)	2	(5)	N/M
Net income (loss)	6	(17)	23	N/M
Series A preferred stock dividends	6	6	-	0%
Net income (loss) attributable to common stockholders	$ -	$ (23)	$ 23	N/M

Gross profit	$ 149	$ 125	$ 24	19%
Adjusted Gross Profit (1)	$ 171	$ 140	$ 31	22%
Adjusted EBITDA (1)	$ 44	$ 15	$ 29	193%

(1)

Adjusted Gross Profit and Adjusted EBITDA are non-GAAP financial measures. For a reconciliation of these measures to an equivalent GAAP measure, see pages 18-20 herein.

Sales. Sales include the revenue recognized from the sale of products we distribute, services we provide and freight billings to customers, less cash discounts taken by customers in return for their early payment. Our sales were $922 million for the three months ended June 30, 2017 as compared to $746 million for the three months ended June 30, 2016, an increase of $176 million, or 24%.

U.S. Segment—Our U.S. sales increased to $720 million for the three months ended June 30, 2017 from $551 million for the three months ended June 30, 2016. This $169 million, or 31%, increase reflected a $60 million increase in the upstream sector,

Table Of Contents

a $103 million increase in the midstream sector and a $6 million increase in the downstream sector. The increase in the midstream sector is related to a large, ongoing transmission project with one of our customers and the increase in the upstream sector is related to the increase in rig count and well completions.

Canada Segment—Our Canada sales increased to $69 million for the three months ended June 30, 2017 from $54 million for the three months ended June 30, 2016. This $15 million, or 28%, increase was primarily due to the upstream business as a result of an increase in rig count and a milder spring break-up compared to a year ago. Canadian sales were unfavorably impacted by $3 million, or 6%, as a result of the weaker Canadian dollar relative to the U.S. dollar.

International Segment—Our International sales decreased to $133 million for the three months ended June 30, 2017 from $141 million for the same period in 2016. The $8 million, or 6%, decrease was primarily due to a $26 million decrease in the upstream business, related to one of our project customers in Norway, and a $7 million decrease in the downstream business offset by a $25 million Australian line pipe contract in the midstream sector. The impact of the decline in foreign currencies in areas where we operate outside of the U.S. dollar was a $3 million, or 2%, reduction in sales.

Gross Profit. Our gross profit was $149 million (16.2% of sales) for the three months ended June 30, 2017 as compared to $125 million (16.8% of sales) for the three months ended June 30, 2016. The $24 million increase was primarily attributable to the increase in sales volumes. The reduction in gross profit percentage for the three months ended June 30, 2017 compared to the same period in 2016 was the result of the lower margin nature of the large midstream projects in the U.S. and International segments. In addition, our last-in, first-out (“LIFO”) inventory costing methodology resulted in an increase in cost of sales of $5 million and a reduction of cost of sales of $1 million in the second quarter of 2017 and 2016, respectively.

Certain purchasing costs and warehousing activities (including receiving, inspection and stocking costs), as well as general warehousing expenses, are included in selling, general and administrative expenses and not in cost of sales. As such, our gross profit may not be comparable to others that may include these expenses as a component of cost of sales. Purchasing and warehousing costs were $7 million for each of the three months ended June 30, 2017 and 2016.

Adjusted Gross Profit. Adjusted Gross Profit increased to $171 million (18.5% of sales) for the three months ended June 30, 2017 from $140 million (18.8% of sales) for the three months ended June 30, 2016, an increase of $31 million. Adjusted Gross Profit is a non-GAAP financial measure. We define Adjusted Gross Profit as sales, less cost of sales, plus depreciation and amortization, plus amortization of intangibles, and plus or minus the impact of our LIFO inventory costing methodology. We present Adjusted Gross Profit because we believe it is a useful indicator of our operating performance without regard to items, such as amortization of intangibles, that can vary substantially from company to company depending upon the nature and extent of acquisitions. Similarly, the impact of the LIFO inventory costing method can cause results to vary substantially from company to company depending upon whether they elect to utilize LIFO and depending upon which method they may elect. We use Adjusted Gross Profit as a key performance indicator in managing our business. We believe that gross profit is the financial measure calculated and presented in accordance with U.S. generally accepted accounting principles that is most directly comparable to Adjusted Gross Profit.

The following table reconciles Adjusted Gross Profit, a non-GAAP financial measure, with gross profit, as derived from our financial statements (in millions):


	Three Months Ended
	June 30,	Percentage	June 30,	Percentage
	2017	of Revenue*	2016	of Revenue*
Gross profit, as reported	$ 149	16.2%	$ 125	16.8%
Depreciation and amortization	6	0.7%	5	0.7%
Amortization of intangibles	11	1.2%	11	1.5%
Increase (decrease) in LIFO reserve	5	0.5%	(1)	(0.1%)
Adjusted Gross Profit	$ 171	18.5%	$ 140	18.8%

*Does not foot due to rounding.

Selling, General and Administrative (“SG&A”) Expenses. Costs such as salaries, wages, employee benefits, rent, utilities, communications, insurance, fuel and taxes (other than state and federal income taxes) that are necessary to operate our branch and corporate operations are included in SG&A. Also contained in this category are certain items that are nonoperational in nature, including certain costs of acquiring and integrating other businesses. Our SG&A expenses were $132 million for the three months ended June 30, 2017 as compared to $135 million for the three months ended June 30, 2016. Severance and restructuring charges for the three months ended June 30, 2016 totaled $4 million. No such expenses were incurred for the three months ending June 30, 2017.

Table Of Contents

Operating Income (Loss). Operating income was $17 million for the three months ended June 30, 2017, as compared to a $10 million operating loss for the three months ended June 30, 2016, an improvement of $27 million.

U.S. Segment—Operating income for our U.S. segment was $21 million for the three months ended June 30, 2017 compared to a $2 million operating loss for the three months ended June 30, 2016. The $23 million increase in operating income was primarily driven by higher sales. Severance costs included in operating expenses were $2 million for the three months ended June 30, 2016. No such expenses were incurred for the three months ending June 30, 2017.

Canada Segment—Operating income for our Canada segment was $1 million for the three months ended June 30, 2017 as compared to a $2 million operating loss for the three months ended June 30, 2016. The $3 million increase was a result of higher sales volume.

International Segment—Our International segment incurred an operating loss of $5 million for the three months ended June 30, 2017 as compared to an operating loss of $6 million for the three months ended June 30, 2016. The improvement of $1 million was the result of lower SG&A including severance costs offset by the reduction in sales. Severance costs included in operating expenses were $0 million and $2 million for the three months ended June 30, 2017 and 2016, respectively.

Interest Expense. Our interest expense was $8 million for the three month period ended June 30, 2017 as compared to $9 million for the three months ended June 30, 2016. This represented a decrease of $1 million resulting from lower average debt levels.

Other Income (Expense). Our other income was $0 million for the three month periods ended June 30, 2017 and 2016. For the three months ended June 30, 2017, other expense included a $3 million charge associated with the settlement of a litigation matter offset by $2 million of foreign currency gains.

Income Tax (Expense) Benefit. Our income tax expense was $3 million for the three months ended June 30, 2017 as compared to a $2 million benefit for the three months ended June 30, 2016. For interim periods, our income tax expense is computed based upon our estimated annual effective tax rate. Our effective tax rates were 33% and 11% for the three months ended June 30, 2017 and 2016, respectively. Our rates generally differ from the U.S. federal statutory rate of 35% as a result of state income taxes and differing, generally lower, foreign income tax rates. The 2016 effective tax rate was significantly lower than our federal statutory rate due to forecasted pre-tax losses across all segments including significant pre-tax losses in jurisdictions where there was no corresponding tax benefit.

Net Income (Loss). Our net income was $6 million for the three months ended June 30, 2017 as compared to a net loss of $17 million for the three months ended June 30, 2016, an increase of $23 million.

Adjusted EBITDA. Adjusted EBITDA, a non-GAAP financial measure, was $ 44million (4.8% of sales) for the three months ended June 30, 2017 as compared to $15 million (2.0% of sales) for the three months ended June 30, 2016.

We define Adjusted EBITDA as net income plus interest, income taxes, depreciation and amortization, amortization of intangibles and certain other expenses, including non-cash expenses, (such as equity-based compensation, severance and restructuring, changes in the fair value of derivative instruments and asset impairments, including inventory) and plus or minus the impact of our LIFO inventory costing methodology.

We believe Adjusted EBITDA provides investors a helpful measure for comparing our operating performance with the performance of other companies that may have different financing and capital structures or tax rates. We believe it is a useful indicator of our operating performance without regard to items, such as amortization of intangibles, that can vary substantially from company to company depending upon the nature and extent of acquisitions. Similarly, the impact of the LIFO inventory costing method can cause results to vary substantially from company to company depending upon whether they elect to utilize LIFO and depending upon which method they may elect. We use Adjusted EBITDA as a key performance indicator in managing our business. We believe that net income is the financial measure calculated and presented in accordance with U.S. generally accepted accounting principles that is most directly comparable to Adjusted EBITDA.

Table Of Contents

The following table reconciles Adjusted EBITDA, a non-GAAP financial measure, with net income (loss), as derived from our financial statements (in millions):


	Three Months Ended
	June 30,	June 30,
	2017	2016
Net income (loss)	$ 6	$ (17)
Income tax expense (benefit)	3	(2)
Interest expense	8	9
Depreciation and amortization	6	5
Amortization of intangibles	11	11
Increase (decrease) in LIFO reserve	5	(1)
Change in fair value of derivative instruments	(1)	1
Equity-based compensation expense	5	4
Severance and restructuring charges	-	4
Litigation settlement	3	-
Foreign currency (gains) losses	(2)	1
Adjusted EBITDA	$ 44	$ 15

Six Months Ended June 30, 2017 Compared to the Six Months Ended June 30, 2016

The breakdown of our sales by sector for the six months ended June 30, 2017 and 2016 was as follows (in millions):


	Six Months Ended
	June 30, 2017		June 30, 2016
Upstream	$ 503	28%	$ 442	29%
Midstream	791	44%	570	37%
Downstream	490	28%	517	34%
	$ 1,784	100%	$ 1,529	100%

Table Of Contents

For the six months ended June 30, 2017 and 2016, the following table summarizes our results of operations (in millions):


	Six Months Ended
	June 30,	June 30,
	2017	2016	$ Change	% Change
Sales:
U.S.	$ 1,386	$ 1,157	$ 229	20%
Canada	146	118	28	24%
International	252	254	(2)	(1%)
Consolidated	$ 1,784	$ 1,529	$ 255	17%

Operating income (loss):
U.S.	$ 32	$ 2	$ 30	N/M
Canada	4	(3)	7	N/M
International	(5)	(13)	8	(62%)
Consolidated	31	(14)	45	N/M

Interest expense	(15)	(17)	2	(12%)
Other income (expense)	-	(1)	1	N/M
Income tax (expense) benefit	(4)	7	(11)	N/M
Net income (loss)	12	(25)	37	N/M
Series A preferred stock dividends	12	12	-	0%
Net income (loss) attributable to common stockholders	$ -	$ (37)	$ 37	N/M

Gross profit	$ 289	$ 258	$ 31	12%
Adjusted Gross Profit (1)	$ 328	$ 287	$ 41	14%
Adjusted EBITDA (1)	$ 80	$ 34	$ 46	135%

(1)Adjusted Gross Profit and Adjusted EBITDA are non-GAAP financial measures. For a reconciliation of these measures to an equivalent GAAP measure, see pages 22-24 herein.

Sales. Our sales were $1,784 million for the six months ended June 30, 2017 as compared to $1,529 million for the six months ended June 30, 2016, an increase of $255 million, or 17%.

U.S. Segment—Our U.S. sales increased to $1,386 million for the six months ended June 30, 2017 from $1,157 million for the six months ended June 30, 2016. This $229 million, or 20%, increase reflected a $69 million increase in the upstream sector, a $185 million increase in the midstream sector and a $25 million decrease in the downstream sector. The increase in the midstream sector is primarily related to a large, ongoing transmission project with one of our customers while the decrease in the downstream sector was a result of the conclusion of a large petrochemical project. The increase in the upstream sector is related to the increase in rig count and well completions.

Canada Segment—Our Canada sales increased to $146 million for the six months ended June 30, 2017 from $118 million for the six months ended June 30, 2016. This $28 million, or 24%, increase was primarily due to the increase in the upstream business.

International Segment—Our International sales decreased to $252 million for the six months ended June 30, 2017 from $254 million for the same period in 2016. The $2 million, or 1%, decrease was due to the impact of the decline in foreign currencies in areas where we operate outside of the U.S. dollar, which was a $4 million, or 2%, reduction in sales.

Gross Profit. Our gross profit was $289 million (16.2% of sales) for the six months ended June 30, 2017 as compared to $258 million (16.9% of sales) for the six months ended June 30, 2016. The $31 million increase was primarily attributable to the increase in sales volumes. The reduction in gross profit percentage for the six months ended June 30, 2017 compared to the

Table Of Contents

same period in 2016 was the result of the lower margin nature of the large midstream projects in the U.S. and International segments. In addition, our LIFO inventory costing methodology resulted in an increase in cost of sales of $6 million and a reduction in cost of sales of $4 million in the first half of 2017 and 2016, respectively.

Certain purchasing costs and warehousing activities (including receiving, inspection and stocking costs), as well as general warehousing expenses, are included in selling, general and administrative expenses and not in cost of sales. As such, our gross profit may not be comparable to others that may include these expenses as a component of cost of sales. Purchasing and warehousing costs were $14 million and $15 million for the six months ended June 30, 2017 and 2016, respectively.

Adjusted Gross Profit. Adjusted Gross Profit increased to $328 million (18.4% of sales) for the six months ended June 30, 2017 from $287 million (18.8% of sales) for the six months ended June 30, 2016, an increase of $41 million. Adjusted Gross Profit is a non-GAAP financial measure. We define Adjusted Gross Profit as sales, less cost of sales, plus depreciation and amortization, plus amortization of intangibles, and plus or minus the impact of our LIFO inventory costing methodology. We present Adjusted Gross Profit because we believe it is a useful indicator of our operating performance without regard to items, such as amortization of intangibles, that can vary substantially from company to company depending upon the nature and extent of acquisitions. Similarly, the impact of the LIFO inventory costing method can cause results to vary substantially from company to company depending upon whether they elect to utilize LIFO and depending upon which method they may elect. We use Adjusted Gross Profit as a key performance indicator in managing our business. We believe that gross profit is the financial measure calculated and presented in accordance with U.S. generally accepted accounting principles that is most directly comparable to Adjusted Gross Profit.

The following table reconciles Adjusted Gross Profit, a non-GAAP financial measure, with gross profit, as derived from our financial statements (in millions):


	Six Months Ended
	June 30,	Percentage	June 30,	Percentage
	2017	of Revenue*	2016	of Revenue
Gross profit, as reported	$ 289	16.2%	$ 258	16.9%
Depreciation and amortization	11	0.6%	10	0.7%
Amortization of intangibles	22	1.2%	23	1.5%
Increase (decrease) in LIFO reserve	6	0.3%	(4)	(0.3%)
Adjusted Gross Profit	$ 328	18.4%	$ 287	18.8%

*Does not foot due to rounding.

Selling, General and Administrative (“SG&A”) Expenses. Our SG&A expenses were $258 million for the six months ended June 30, 2017 as compared to $272 million for the six months ended June 30, 2016. The $14 million decline in SG&A is attributable to 2016 cost reduction measures including headcount reductions and associated severance costs. Severance and restructuring charges for the six months ended June 30, 2016 totaled $9 million. No such expenses were incurred for the six months ending June 30, 2017.

Operating Income (Loss). Operating income was $31 million for the six months ended June 30, 2017, as compared to a

$14 million operating loss for the six months ended June 30, 2016, an improvement of $45 million.

U.S. Segment—Operating income for our U.S. segment was $32 million for the six months ended June 30, 2017 compared to $2 million for the six months ended June 30, 2016. The $30 million increase was primarily driven by higher sales. Severance costs included in operating expenses were $4 million for the six months ended June 30, 2016. No such expenses were incurred for the six months ending June 30, 2017.

Canada Segment—Operating income for our Canada segment was $4 million for the six months ended June 30, 2017 as compared to a $3 million operating loss for the six months ended June 30, 2016. The $7 million increase was a result of higher sales volume.

International Segment—Our International segment incurred an operating loss of $5 million for the six months ended June 30, 2017 as compared to an operating loss of $13 million for the six months ended June 30, 2016. The improvement of $8 million was the result of lower SG&A attributable to 2016 cost reduction measures including headcount reductions and associated severance costs. Severance costs included in operating expenses were $0 million and $4 million for the six months ended June 30, 2017 and 2016, respectively.

Table Of Contents

Interest Expense. Our interest expense was $15 million for the six month period ended June 30, 2017 as compared to $17 million for the six months ended June 30, 2016. This represented a decrease of $2 million resulting from lower average debt levels.

Other Income (Expense). Our other income was $0 million for the six month period ended June 30, 2017 as compared to expense of $1 million for the six month period ended June 30, 2016. For the six months ended June 30, 2017, other expense included a $3 million charge associated with the settlement of a litigation matter offset by $2 million of foreign currency gains.

Income Tax (Expense) Benefit. Our income tax expense was $4 million for the six months ended June 30, 2017 as compared to a benefit of $7 million for the six months ended June 30, 2016. For interim periods, our income tax expense is computed based upon our estimated annual effective tax rate. Our effective tax rates were 25% and 22% for the six months ended June 30, 2017 and 2016, respectively. Our rates generally differ from the U.S. federal statutory rate of 35% as a result of state income taxes and differing, generally lower, foreign income tax rates. In the first six months of 2017, we adopted ASU 2016-09, Compensation - Stock Compensation, which requires all excess tax benefits and tax deficiencies are recorded as income tax expense or benefit in the income statement on a prospective basis. In the first six months of 2017, we recorded a tax benefit of $2 million related to the vesting of stock awards. The 2017 effective tax rate is lower than our federal statutory rate primarily due to this discrete tax benefit and a benefit related to foreign currency exchange losses. The 2016 effective tax rate was significantly lower than our federal statutory rate due to forecasted pre-tax losses across all segments including significant pre-tax losses in jurisdictions where there was no corresponding tax benefit.

Net Income (Loss). Our net income was $12 million for the six months ended June 30, 2017 as compared to a net loss of $25 million for the six months ended June 30, 2016, an improvement of $37 million.

Adjusted EBITDA. Adjusted EBITDA, a non-GAAP financial measure, was $80 million (4.5% of sales) for the six months ended June 30, 2017 as compared to $34 million (2.2% of sales) for the six months ended June 30, 2016.

Table Of Contents

The following table reconciles Adjusted EBITDA, a non-GAAP financial measure, with net income (loss), as derived from our financial statements (in millions):


	Six Months Ended
	June 30,	June 30,
	2017	2016
Net income (loss)	$ 12	$ (25)
Income tax expense (benefit)	4	(7)
Interest expense	15	17
Depreciation and amortization	11	10
Amortization of intangibles	22	23
Increase (decrease) in LIFO reserve	6	(4)
Change in fair value of derivative instruments	-	2
Equity-based compensation expense	9	7
Severance and restructuring charges	-	9
Litigation settlement	3	-
Foreign currency (gains) losses	(2)	2
Adjusted EBITDA	$ 80	$ 34

Liquidity and Capital Resources

Our primary sources of liquidity consist of cash generated from our operating activities, existing cash balances and borrowings under our Global ABL Facility. At June 30, 2017, our total liquidity, including cash on hand, was $542 million. Our ability to generate sufficient cash flows from our operating activities will continue to be primarily dependent on our sales of products and services to our customers at margins sufficient to cover our fixed and variable expenses. As of June 30, 2017 and December 31, 2016, we had cash and cash equivalents of $37 million and $109 million, respectively. As of June 30, 2017 and December 31, 2016, $37 million and $61 million of our cash and cash equivalents, respectively, were maintained in the accounts of our various foreign subsidiaries. If such amounts were transferred among countries or repatriated to the U.S., such amounts may be subject to additional tax liabilities, which would be recognized in our financial statements in the period during which such decision would be made. We have the intent and ability to indefinitely reinvest the cash held by our foreign subsidiaries, and there are currently no plans that require the repatriation of this cash.

Our primary credit facilities consist of a seven-year Term Loan maturing in November 2019 with an original principal amount of $794 million and a five-year $1.05 billion Global ABL Facility that provides a $977 million facility in the United States, a $30 million facility in Norway, a $20 million facility in Canada, a $10 million facility in Australia, a $5 million facility in the United Kingdom, a $4 million facility in the Netherlands and a $4 million facility in Belgium. As of June 30, 2017, the outstanding balance on our Term Loan, net of original issue discount and issuance costs, was $410 million. The Global ABL Facility matures in July 2019. The Global ABL Facility contains an accordion feature that allows us to increase the principal amount of the facility by up to $300 million, subject to securing additional lender commitments. As of June 30, 2017, we had no borrowings outstanding and $505 million of Excess Availability, as defined under our Global ABL Facility. Availability is dependent on a borrowing base comprised of a percentage of eligible accounts receivable and inventory which is subject to redetermination from time to time.

Our credit ratings are below “investment grade” and as such could impact both our ability to raise new funds as well as the interest rates on our future borrowings. Our ability to incur additional debt is restricted by our existing obligations. We were in compliance with the covenants contained in our various credit facilities as of and during the six months ended June 30, 2017.

We believe our sources of liquidity will be sufficient to satisfy the anticipated cash requirements associated with our existing operations for at least the next twelve months. However, our future cash requirements could be higher than we currently expect as a result of various factors. Additionally, our ability to generate sufficient cash from our operating activities depends on our future performance, which is subject to general economic, political, financial, competitive and other factors beyond our control. We may, from time to time, seek to raise additional debt or equity financing or re-price or refinance existing debt in the public or private markets, based on market conditions. Any such capital markets activities would be subject to market conditions, reaching final agreement with lenders or investors, and other factors, and there can be no assurance that we would successfully consummate any such transactions.

Table Of Contents

In November 2015, the Company’s board of directors authorized a share repurchase program for common stock up to $100 million, which was increased in November 2016 to $125 million. The shares may be repurchased at management’s discretion in the open market. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice. During the first quarter of 2017, we purchased 859,830 shares of common stock at a total cost of $18 million, which completed the repurchase of all shares authorized under the program. In total under this plan, we have purchased 8,537,410 shares at a total cost of $125 million.

Cash Flows

The following table sets forth our cash flows for the periods indicated below (in millions):


	Six Months Ended
	June 30,	June 30,
	2017	2016
Net cash (used in) provided by:
Operating activities	$ (24)	$ 148
Investing activities	(14)	36
Financing activities	(37)	(87)
Net (decrease) increase in cash and cash equivalents	$ (75)	$ 97

Operating Activities

Net cash used in operating activities was $24 million during the six months ended June 30, 2017 compared to $148 million provided by operating activities during the six months ended June 30, 2016. The decrease in cash provided by operations was primarily the result of working capital expansion in response to the increase in sales activity in the first six months of 2017 as compared to a working capital contraction in the first six months of 2016. Working capital growth used cash of $81 million in the first six months of 2017 compared to providing cash of $134 million in the first six months of 2016. In particular, growth in accounts receivable utilized $117 million of cash in the first six months of 2017 as a result of the 17% increase in sales relative to the first six months of 2016 when accounts receivable contraction provided cash of $104 million. This use of cash was offset by $68 million generated from an increase in accounts payable, which was attributable to higher purchasing activities and the timing of payments to our suppliers.

Investing Activities

Net cash used in investing activities was $14 million for the six months ended June 30, 2017, compared to $36 million provided by investing activities for the six months ended June 30, 2016. The $50 million increase in cash used in investing activities is the result of $48 million in proceeds from the disposition of our U.S. OCTG product line in February 2016. Our capital expenditures were $14 million for each of the six months ended June 30, 2017 and 2016. We expect capital expenditures in 2017 to be approximately $45 million which includes our ongoing implementation of a new information technology system in the international segment and the build out of our new regional distribution center in LaPorte, Texas.

Financing Activities

Net cash used in financing activities was $37 million for the six months ended June 30, 2017 compared to $87 million for the six months ended June 30, 2016 In the first six months of 2017 and 2016, we used $18 million and $71 million to fund purchases of our common stock, respectively.

Critical Accounting Policies

The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses in the financial statements. Management bases its estimates on historical experience and other assumptions, which it believes are reasonable. If actual amounts are ultimately different from these estimates, the revisions are included in our results of operations for the period in which the actual amounts become known.

Accounting policies are considered critical when they require management to make assumptions about matters that are highly uncertain at the time the estimates are made and when there are different estimates that management reasonably could have made, which would have a material impact on the presentation of our financial condition, changes in our financial condition or results of operations. For a description of our critical accounting policies, see “Item 7: “Management’s Discussion and Analysis of Financial Condition and Results from Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016.

Table Of Contents

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are primarily exposed to the market risk associated with unfavorable movements in interest rates, foreign currencies and steel price volatility. There have been no material changes to our market risk policies or our market risk sensitive instruments and positions as described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures.

As of June 30, 2017, we have reviewed, under the direction of our Chief Executive Officer and Chief Financial Officer, the Company’s disclosure controls and procedures, as defined in Exchange Act Rule 13a-15(e). Based upon and as of the date of that review, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective to ensure that information required to be disclosed in the reports that the Company files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures.

As part of a continuing effort to improve the Company’s business processes management is evaluating its internal controls and may update certain controls to accommodate any modifications to its business processes or accounting procedures.

Changes in internal control over financial reporting.

The Company has undertaken a multi-year enterprise resource planning (“ERP”) project to migrate certain systems to SAP software. During the second quarter of 2016, we completed the SAP implementation in our Asia Pacific-based businesses. During the second quarter of 2017, we completed the implementation effort in our European and Middle Eastern businesses. The implementation in our Nordic businesses is expected to occur in the third quarter of 2017. As a part of these implementations, various controls over financial reporting for the international segment changed.

Other than described above, there were no changes in our internal control over financial reporting that occurred during the first six months of 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Table Of Contents

Part II—other information

ITEM 1. LEGAL PROCEEDINGS

From time to time, we have been subject to various claims and involved in legal proceedings incidental to the nature of our businesses. We maintain insurance coverage to reduce financial risk associated with certain of these claims and proceedings. It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, there are no pending legal proceedings that are likely to have a material effect on our business, financial condition, results of operations or cash flows, although it is possible that the resolution of certain actual, threatened or anticipated claims or proceedings could have a material adverse effect on our results of operations in the period of resolution.

Also, from time to time, in the ordinary course of our business, our customers may claim that the products that we distribute are either defective or require repair or replacement under warranties that either we or the manufacturer may provide to the customer. These proceedings are, in the opinion of management, ordinary and routine matters incidental to our normal business. Our purchase orders with our suppliers generally require the manufacturer to indemnify us against any product liability claims, leaving the manufacturer ultimately responsible for these claims. In many cases, state, provincial or foreign law provides protection to distributors for these sorts of claims, shifting the responsibility to the manufacturer. In some cases, we could be required to repair or replace the products for the benefit of our customer and seek recovery from the manufacturer for our expense. In the opinion of management, the ultimate disposition of these claims and proceedings is not expected to have a material adverse effect on our financial condition, results of operations or cash flows.

For information regarding asbestos cases in which we are a defendant and other claims and proceedings, see Note 9 - Commitments and Contingencies to our unaudited condensed consolidated financial statements.

Item 1A. Risk Factors

We are affected by risks specific to us as well as factors that affect all businesses operating in a global market. The significant factors known to us that could materially adversely affect our business, financial condition or operating results are described in Part I, Item 2 of this Quarterly Report on Form 10-Q and in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2016 under “Risk Factors”.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds


A summary of our purchases of MRC Global Inc. common stock during the second quarter of fiscal year 2017 is as follows:

	Total Number of Shares Purchased (1)	Average Price Paid per Share	Total number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
Apr 1 - Apr 30	12,475	$ 18.23	-	$ -
May 1 - May 31	-	$ -	-	$ -
Jun 1 - Jun 30	16	$ 17.25	-	$ -
	12,491

(1) We purchased 12,491 shares in connection with funding employee income tax withholding obligations arising upon the lapse of restrictions on restricted shares.

Item 3. Defaults Upon Senior Securities

None.

Table Of Contents

Item 4. MINING SAFETY DISCLOSURES

None.

Item 5. Other Information

None.

Table Of Contents

Item 6. Exhibits



Number		Description

31.1*	Certification of the Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended, and Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2*	Certification of the Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended, and Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32**	Certification of the Chief Executive Officer and the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

100*	The following financial information from MRC Global Inc.’s Quarterly Report on Form 10-Q for the period ended June 30, 2017, formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Consolidated Balance Sheets at June 30, 2017 and December 31, 2016, (ii) the Condensed Consolidated Statements of Operations for the three and six month periods ended June 30, 2017 and 2016, (iii) the Condensed Consolidated Statements of Comprehensive Income for the three and six month periods ended June 30, 2017 and 2016, (iv) the Condensed Consolidated Statements of Cash Flows for the six month periods ended June 30, 2017 and 2016 and (v) Notes to Condensed Consolidated Financial Statements.

101*	Interactive data file.

* Filed herewith.

** Furnished herewith.

Table Of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MRC GLOBAL INC.

By: /s/ James E. Braun

James E. Braun
Executive Vice President and Chief Financial Officer

Date: August 4, 2017

EX-31.1 2 mrc-20170630xex31_1.htm EX-31.1 Exhibit 311

Exhibit 31.1

CERTIFICATION

I, Andrew R. Lane, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2017 of MRC Global Inc.;

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 the 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: August 4, 2017



/s/ Andrew R. Lane
Name:	Andrew R. Lane
Title:	President and Chief Executive Officer

EX-31.2 3 mrc-20170630xex31_2.htm EX-31.2 Exhibit 312

Exhibit 31.2

CERTIFICATION

I, James E. Braun, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2017 of MRC Global Inc.;

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: August 4, 2017


/s/ James E. Braun
Name:	James E. Braun
Title:	Executive Vice President and Chief Financial Officer

EX-32 4 mrc-20170630xex32.htm EX-32 Exhibit 32

Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the filing of the Quarterly Report on Form 10-Q of MRC Global Inc., a Delaware corporation (the “Company”), for the period ended June 30, 2017 (the “Report”), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 4, 2017



/s/ Andrew R. Lane
Name:	Andrew R. Lane
Title:	President and Chief Executive Officer

/s/ James E. Braun
Name:	James E. Braun
Title:	Executive Vice President and Chief Financial Officer

EX-101.INS 5 mrc-20170630.xml EX-101.INS 0001439095 mrc:AccountingStandardsUpdate201609Member 2017-04-01 2017-06-30 0001439095 mrc:AccountingStandardsUpdate201609Member 2017-01-01 2017-06-30 0001439095 mrc:TwoThousandFifteenShareRepurchaseProgramMember 2016-11-30 0001439095 mrc:TwoThousandFifteenShareRepurchaseProgramMember 2015-11-30 0001439095 mrc:TwoThousandAndElevenOmniBusIncentivePlanMember 2017-06-30 0001439095 mrc:TwoThousandAndElevenOmniBusIncentivePlanMember 2015-04-01 2015-04-30 0001439095 us-gaap:RestrictedStockUnitsRSUMember mrc:TwoThousandAndElevenOmniBusIncentivePlanMember 2017-01-01 2017-06-30 0001439095 us-gaap:RestrictedStockMember mrc:TwoThousandAndElevenOmniBusIncentivePlanMember 2017-01-01 2017-06-30 0001439095 us-gaap:PerformanceSharesMember mrc:TwoThousandAndElevenOmniBusIncentivePlanMember 2017-01-01 2017-06-30 0001439095 mrc:TwoThousandAndElevenOmniBusIncentivePlanMember 2011-01-01 2017-06-30 0001439095 mrc:TwoThousandAndElevenOmniBusIncentivePlanMember us-gaap:MinimumMember 2017-01-01 2017-06-30 0001439095 mrc:TwoThousandAndElevenOmniBusIncentivePlanMember us-gaap:MaximumMember 2017-01-01 2017-06-30 0001439095 mrc:TwoThousandAndElevenOmniBusIncentivePlanMember us-gaap:DirectorMember 2017-01-01 2017-06-30 0001439095 mrc:ValvesAutomationMeasurementAndInstrumentationMember 2017-04-01 2017-06-30 0001439095 mrc:StainlessSteelAlloyPipeAndFittingsMember 2017-04-01 2017-06-30 0001439095 mrc:OtherProductsMember 2017-04-01 2017-06-30 0001439095 mrc:LinePipeMember 2017-04-01 2017-06-30 0001439095 mrc:GasProductsMember 2017-04-01 2017-06-30 0001439095 mrc:CarbonSteelFittingsAndFlangesMember 2017-04-01 2017-06-30 0001439095 mrc:ValvesAutomationMeasurementAndInstrumentationMember 2017-01-01 2017-06-30 0001439095 mrc:StainlessSteelAlloyPipeAndFittingsMember 2017-01-01 2017-06-30 0001439095 mrc:OtherProductsMember 2017-01-01 2017-06-30 0001439095 mrc:LinePipeMember 2017-01-01 2017-06-30 0001439095 mrc:GasProductsMember 2017-01-01 2017-06-30 0001439095 mrc:CarbonSteelFittingsAndFlangesMember 2017-01-01 2017-06-30 0001439095 mrc:ValvesAutomationMeasurementAndInstrumentationMember 2016-04-01 2016-06-30 0001439095 mrc:StainlessSteelAlloyPipeAndFittingsMember 2016-04-01 2016-06-30 0001439095 mrc:OtherProductsMember 2016-04-01 2016-06-30 0001439095 mrc:LinePipeMember 2016-04-01 2016-06-30 0001439095 mrc:GasProductsMember 2016-04-01 2016-06-30 0001439095 mrc:CarbonSteelFittingsAndFlangesMember 2016-04-01 2016-06-30 0001439095 mrc:ValvesAutomationMeasurementAndInstrumentationMember 2016-01-01 2016-06-30 0001439095 mrc:StainlessSteelAlloyPipeAndFittingsMember 2016-01-01 2016-06-30 0001439095 mrc:OtherProductsMember 2016-01-01 2016-06-30 0001439095 mrc:LinePipeMember 2016-01-01 2016-06-30 0001439095 mrc:GasProductsMember 2016-01-01 2016-06-30 0001439095 mrc:CarbonSteelFittingsAndFlangesMember 2016-01-01 2016-06-30 0001439095 2016-01-01 2016-12-31 0001439095 mrc:TwoThousandFifteenShareRepurchaseProgramMember 2017-01-01 2017-06-30 0001439095 mrc:TwoThousandFifteenShareRepurchaseProgramMember 2016-04-01 2016-06-30 0001439095 mrc:TwoThousandFifteenShareRepurchaseProgramMember 2016-01-01 2016-06-30 0001439095 mrc:InternationalMember 2017-04-01 2017-06-30 0001439095 country:US 2017-04-01 2017-06-30 0001439095 country:CA 2017-04-01 2017-06-30 0001439095 mrc:InternationalMember 2017-01-01 2017-06-30 0001439095 country:CA 2017-01-01 2017-06-30 0001439095 mrc:InternationalMember 2016-04-01 2016-06-30 0001439095 country:US 2016-04-01 2016-06-30 0001439095 country:CA 2016-04-01 2016-06-30 0001439095 mrc:InternationalMember 2016-01-01 2016-06-30 0001439095 country:US 2016-01-01 2016-06-30 0001439095 country:CA 2016-01-01 2016-06-30 0001439095 mrc:U.s.CanadaAndInternationalMember 2017-01-01 2017-06-30 0001439095 country:US 2017-01-01 2017-06-30 0001439095 2015-11-30 0001439095 us-gaap:LongTermDebtMember us-gaap:FairValueInputsLevel2Member 2017-06-30 0001439095 us-gaap:LongTermDebtMember us-gaap:FairValueInputsLevel2Member 2016-12-31 0001439095 mrc:GlobalAblFacilityMember 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember country:US 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember country:NO 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember country:GB 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember country:CA 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember country:BE 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember country:AU 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember country:AN 2017-06-30 0001439095 us-gaap:RevolvingCreditFacilityMember 2017-06-30 0001439095 mrc:ValvesAutomationMeasurementAndInstrumentationMember 2017-06-30 0001439095 mrc:LinePipeMember 2017-06-30 0001439095 mrc:AllOtherProductsMember 2017-06-30 0001439095 mrc:ValvesAutomationMeasurementAndInstrumentationMember 2016-12-31 0001439095 mrc:LinePipeMember 2016-12-31 0001439095 mrc:AllOtherProductsMember 2016-12-31 0001439095 mrc:SeniorSecuredTermLoanBMember 2016-12-31 0001439095 mrc:SeniorSecuredTermLoansMember 2017-06-30 0001439095 mrc:SeniorSecuredTermLoansMember 2016-12-31 0001439095 us-gaap:RevolvingCreditFacilityMember 2017-01-01 2017-06-30 0001439095 us-gaap:LongTermDebtMember 2017-06-30 0001439095 us-gaap:LongTermDebtMember 2016-12-31 0001439095 2017-04-01 2017-06-30 0001439095 2016-04-01 2016-06-30 0001439095 2016-06-30 0001439095 2015-12-31 0001439095 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2017-06-30 0001439095 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2016-12-31 0001439095 mrc:InternationalMember 2017-06-30 0001439095 country:US 2017-06-30 0001439095 country:CA 2017-06-30 0001439095 mrc:InternationalMember 2016-12-31 0001439095 country:US 2016-12-31 0001439095 country:CA 2016-12-31 0001439095 us-gaap:EmployeeStockOptionMember 2017-04-01 2017-06-30 0001439095 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-06-30 0001439095 us-gaap:EmployeeStockOptionMember 2016-04-01 2016-06-30 0001439095 mrc:RestrictedStockRestrictedUnitesAndPerformanceStockUnitsMember 2016-04-01 2016-06-30 0001439095 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-06-30 0001439095 mrc:RestrictedStockRestrictedUnitesAndPerformanceStockUnitsMember 2016-01-01 2016-06-30 0001439095 2016-01-01 2016-06-30 0001439095 2016-12-31 0001439095 2015-10-01 2017-06-30 0001439095 us-gaap:EmployeeStockOptionMember mrc:TwoThousandAndElevenOmniBusIncentivePlanMember 2017-01-01 2017-06-30 0001439095 mrc:SeniorSecuredTermLoanBMember 2017-06-30 0001439095 mrc:SeniorSecuredTermLoanBMember us-gaap:MaximumMember 2017-01-01 2017-06-30 0001439095 mrc:SeniorSecuredTermLoanBMember mrc:SeniorSecuredLeverageRatioIsNoMoreThanTwoPointSevenFiveToOneMember 2017-01-01 2017-06-30 0001439095 mrc:SeniorSecuredTermLoanBMember mrc:SeniorSecuredLeverageRatioIsNoMoreThanTwoPointFiveZeroToOneMember 2017-01-01 2017-06-30 0001439095 2015-06-01 2015-06-30 0001439095 2017-06-30 0001439095 mrc:SeniorSecuredTermLoanBMember 2017-01-01 2017-06-30 0001439095 2015-06-30 0001439095 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-06-30 0001439095 us-gaap:ForeignExchangeContractMember 2017-06-30 0001439095 us-gaap:ForeignExchangeContractMember 2016-12-31 0001439095 us-gaap:RestrictedStockMember 2017-07-28 0001439095 us-gaap:CommonStockMember 2017-07-28 0001439095 2017-01-01 2017-06-30 mrc:segment mrc:claim mrc:lawsuit iso4217:USD xbrli:shares xbrli:pure mrc:customer iso4217:USD xbrli:shares false --12-31 Q2 2017 2017-06-30 10-Q 0001439095 94492896 286481 Large Accelerated Filer MRC GLOBAL INC. 36000000 54000000 36 1.5 17.88 0.01 P7Y 508 0.65 363000000 0.00 0.25 0.50 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six Months Ended </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:00.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:00.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Type </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Valves, automation, measurement and instrumentation </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                327 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                299 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                649 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                598 </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Line pipe </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">170  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">96  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">316  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">228  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Gas products </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">143  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">108  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">277  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">208  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Carbon steel fittings and flanges </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">139  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">116  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">262  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">236  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Stainless steel and alloy pipe and fittings </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">50  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">47  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">91  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">95  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Other </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">93  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">80  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">189  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">164  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                922 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                746 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,784 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,529 </td> </tr> </table></div> </div> </div> 200000000 P10Y 0.065 2.50 2.75 3.50 8537410 14.64 125000000

314000000

388000000

399000000

522000000

111000000

114000000

1000000

-233000000

-219000000

-234000000

-220000000

1677000000

1683000000

2000000

23000000

22000000

700000

3700000

800000

3700000

2100000

2164000000

139000000

1862000000

163000000

2232000000

145000000

1886000000

201000000

1117000000

1198000000

69000000

167000000

109000000

37000000

97000000

-75000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 9 – COMMITMENTS AND CONTINGENCIES Litigation  Asbestos Claims.    We are one of many defendants in lawsuits that plaintiffs have brought seeking damages for personal injuries that exposure to asbestos allegedly caused. Plaintiffs and their family members have brought these lawsuits against a large volume of defendant entities as a result of the defendants’ manufacture, distribution, supply or other involvement with asbestos, asbestos containing-products or equipment or activities that allegedly caused plaintiffs to be exposed to asbestos.  These plaintiffs typically assert exposure to asbestos as a consequence of third-party manufactured products that our MRC Global (US) Inc. subsidiary purportedly distributed.  As of June 30, 2017, we are named a defendant in approximately 508 lawsuits involving approximately 1,128 claims.  No asbestos lawsuit has resulted in a judgment against us to date, with a majority being settled, dismissed or otherwise resolved.  Applicable third-party insurance has substantially covered these claims, and insurance should continue to cover a substantial majority of existing and anticipated future claims.  Accordingly, we have recorded a liability for our estimate of the most likely settlement of asserted claims and a related receivable from insurers for our estimated recovery, to the extent we believe that the amounts of recovery are probable.  It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote. Other Legal Claims and Proceedings.    From time to time, we have been subject to various claims and involved in legal proceedings incidental to the nature of our businesses. We maintain insurance coverage to reduce financial risk associated with certain of these claims and proceedings. It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote. Product Claims.    From time to time, in the ordinary course of our business, our customers may claim that the products that we distribute are either defective or require repair or replacement under warranties that either we or the manufacturer may provide to the customer. These proceedings are, in the opinion of management, ordinary and routine matters incidental to our normal business. Our purchase orders with our suppliers generally require the manufacturer to indemnify us against any product liability claims, leaving the manufacturer ultimately responsible for these claims. In many cases, state, provincial or foreign law provides protection to distributors for these sorts of claims, shifting the responsibility to the manufacturer. In some cases, we could be required to repair or replace the products for the benefit of our customer and seek our recovery from the manufacturer for our expense. In our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote.   Weatherford Claim.  In addition to PVF, our Canadian subsidiary, Midfield Supply (“Midfield”), now known as MRC Global (Canada) ULC, also distributed progressive cavity pumps and related equipment (“PCPs”) under a distribution agreement with Weatherford Canada Partnership (“Weatherford”) within a certain geographical area located in southern Alberta, Canada.  In late 2005 and early 2006, Midfield hired new employees, including former Weatherford employees, as part of Midfield’s desire to expand its PVF business into northern Alberta.  Shortly thereafter, many of these employees left Midfield and formed a PCP manufacturing, distribution and service company named Europump Systems Inc. (“Europump”) in 2006.  A subsidiary of Halliburton Company purchased Europump in 2014.  The distribution agreement with Weatherford expired in 2006.  Midfield supplied Europump with PVF products that Europump distributed along with PCP pumps.  In April 2007, Midfield purchased Europump’s distribution branches and began distributing and servicing Europump PCPs. Pursuant to a complaint that Weatherford filed on April 11, 2006 in the Court of Queen’s Bench of Alberta, Judicial Bench of Edmonton (Action No. 060304628), Weatherford sued Europump, three of Europump’s part suppliers, Midfield, certain current and former employees of Midfield, and other related entities, asserting a host of claims including breach of contract, breach of fiduciary duty, misappropriation of confidential information related to the PCPs, unlawful interference with economic relations and conspiracy.  The Company denies these allegations and contends that Midfield’s expansion and subsequent growth was the result of fair competition.  In June 2017, Midfield and Europump and certain individual defendants and related entities settled the case.  As part of the settlement, MRC Global (Canada) ULC agreed to pay $6 million in exchange for a release from Weatherford and agreement to dismiss the case.  The Company had previously recorded a reserve of $3 million.  As a result of the settlement, an additional charge of $3 million was recorded in the second quarter of 2017. Customer Contracts We have contracts and agreements with many of our customers that dictate certain terms of our sales arrangements (pricing, deliverables, etc.). While we make every effort to abide by the terms of these contracts, certain provisions are complex and often subject to varying interpretations. Under the terms of these contracts, our customers have the right to audit our adherence to the contract terms. Historically, any settlements that have resulted from these customer audits have not been material to our consolidated financial statements. Purchase Commitments We have purchase obligations consisting primarily of inventory purchases made in the normal course of business to meet operating needs. While our vendors often allow us to cancel these purchase orders without penalty, in certain cases, cancellations may subject us to cancellation fees or penalties depending on the terms of the contract. </div> </div>

0.01

500000000

102529637

103030267

94492857

1000000

-13000000

-21000000

26000000

14000000

0.58

<div> <div style="margin-left:0pt;margin-right:0pt;"> Basis of Presentation:  We have prepared our unaudited condensed consolidated financial statements in accordance with Rule 10-01 of Regulation S-X for interim financial statements.  These statements do not include all information and footnotes that generally accepted accounting principles require for complete annual financial statements. However, the information in these statements reflects all normal recurring adjustments which are, in our opinion, 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, 2017 are not necessarily indicative of the results that will be realized for the fiscal year ending December 31, 2017.  We have derived our condensed consolidated balance sheet as of December 31, 2016 from the audited consolidated financial statements for the year ended December 31, 2016.  You should read these condensed consolidated financial statements in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2016. The consolidated financial statements include the accounts of MRC Global Inc. and its wholly owned and majority owned subsidiaries (collectively referred to as the “Company” or by such terms as “we,” “our” or “us”). All material intercompany balances and transactions have been eliminated in consolidation. </div> </div>

55.9284

1271000000

621000000

1495000000

773000000

414000000

794000000

410000000

2019-11-30

2019-07-31

4000000

3000000

0.0551

0.0557

-5000000

-7000000

184000000

177000000

10000000

11000000

-0.37

-0.24

-0.37

-0.24

0.22

0.11

0.25

0.33

0.35

1000000

3000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 8 – FAIR VALUE MEASUREMENTS From time to time, we use derivative financial instruments to help manage our exposure to interest rate risk and fluctuations in foreign currencies. All of our derivative instruments are freestanding and, accordingly, changes in their fair market value are recorded in earnings.  As of June 30, 2017, we do not have any interest rate swap agreements. Foreign exchange forward contracts and options are reported at fair value utilizing Level 2 inputs, as the fair value is based on broker quotes for the same or similar derivative instruments. The total notional amount of our forward foreign exchange contracts and options was approximately $54 million and $36 million at June 30, 2017 and December 31, 2016, respectively.  We had approximately $0 million recorded as liabilities on our consolidated balance sheets as of June 30, 2017 and December 31, 2016.   With the exception of long-term debt, the fair values of our financial instruments, including cash and cash equivalents, accounts receivable, trade accounts payable and accrued liabilities approximate carrying value.  The carrying value of our debt was $410 million and $414 million at June 30, 2017 and December 31, 2016, respectively.  We estimate the fair value of the Term Loan using Level 2 inputs, or quoted market prices.  The fair value of our debt was $417 million at June 30, 2017 and December 31, 2016.   </div> </div>

411000000

390000000

-2000000

2000000

482000000

485000000

258000000

125000000

289000000

149000000

-32000000

-19000000

16000000

9000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 4 – INCOME TAXES In the first quarter of 2017, we adopted ASU 2016-09, Compensation - Stock Compensation, which simplified the accounting for taxes related to stock based compensation. Under the standard, excess tax benefits and certain tax deficiencies are no longer recorded in additional paid-in capital (“APIC”), and APIC pools are eliminated.  Instead, all excess tax benefits and tax deficiencies are recorded as income tax expense or benefit in the income statement.  In addition, excess tax benefits are presented as operating activities rather than financing activities in the statement of cash flows.    For the three and six months ended June 30, 2017, we recorded a tax benefit of $0 million and $2 million, respectively, related to the vesting of stock awards. The impacts of this standard are reflected in the consolidated financial statements on a prospective basis. For interim periods, our income tax expense is computed based upon our estimated annual effective tax rate. Our effective tax rates for the three and six months ended June 30, 2017 were 33% and 25%, respectively. The effective tax rates for the three and six months ended June 30, 2016 were 11% and 22%, respectively.  Our rates generally differ from the U.S. federal statutory rate of 35% as a result of state income taxes and differing, generally lower, foreign income tax rates.  The effective tax rate for the six months ended June 30, 2017 was lower than our U.S. federal statutory rate primarily due to the discrete impact of the implementation of ASU 2016-09 and a benefit related to foreign currency exchange losses.  Our 2016 effective tax rates were significantly lower than our U.S. federal statutory rate due to forecasted pre-tax losses across all segments including significant pre-tax losses in jurisdictions where there was no corresponding tax benefit. </div> </div>

6000000

22000000

-7000000

-2000000

4000000

3000000

-10000000

68000000

-104000000

117000000

-7000000

6000000

-6000000

-12000000

-51000000

33000000

-2000000

-7000000

17000000

9000000

15000000

8000000

16000000

13000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 2 – INVENTORIES     The composition of our inventory is as follows (in millions): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> Finished goods inventory at average cost: </td> <td valign="bottom" style="width:16.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> Line pipe </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> $                139 </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> $              124 </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> Valves, automation, measurement and instrumentation </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">240  </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">225  </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> All other products </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">320  </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">313  </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:16.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">699  </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">662  </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> Less: Excess of average cost over LIFO cost (LIFO reserve) </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(73) </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(67) </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> Less: Other inventory reserves </td> <td valign="bottom" style="width:16.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(34) </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(34) </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:16.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> $                592 </td> <td valign="bottom" style="width:03.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> $              561 </td> </tr> </table></div> In 2016, we experienced reductions in inventory quantities, resulting in a liquidation of a last-in, first out (“LIFO”) inventory layer that was carried at a lower cost prevailing from a prior year, as compared with current costs (a “LIFO decrement”). A LIFO decrement results in the erosion of layers created in earlier years, and, therefore, a LIFO layer is not created for years that have decrements. For the three and six months ended June 30, 2016, the effect of this LIFO decrement decreased cost of sales by approximately $2 million and $3 million, respectively.  We do not anticipate a LIFO decrement in 2017. </div> </div>

662000000

313000000

124000000

225000000

699000000

320000000

139000000

240000000

67000000

73000000

-4000000

6000000

-3000000

-2000000

561000000

592000000

34000000

2164000000

2232000000

433000000

510000000

1050000000

4000000

10000000

4000000

20000000

5000000

30000000

977000000

505000000

6000000

414000000

410000000

8000000

417000000

406000000

402000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 3 – LONG-TERM DEBT The components of our long-term debt are as follows (in millions): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:26.25pt;padding:0pt;"> Senior Secured Term Loan B, net of discount and issuance costs of $3 and $4, respectively </td> <td valign="bottom" style="width:14.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:26.25pt;padding:0pt;"> $              410 </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:26.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:26.25pt;padding:0pt;"> $              414 </td> </tr> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> Global ABL Facility </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">  - </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">  - </td> </tr> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">410  </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">414  </td> </tr> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;"> Less: current portion </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8  </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">8  </td> </tr> <tr> <td valign="bottom" style="width:66.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> $              402 </td> <td valign="bottom" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:15.00pt;padding:0pt;"> $              406 </td> </tr> </table></div> Senior Secured Term Loan B:  We have a seven year Senior Secured Term Loan B (the “Term Loan”) with an original principal amount of $794 million which amortizes in equal quarterly installments of 1% per year with the balance payable in November 2019, when the facility matures.    Subject to securing additional lender commitments, the Term Loan allows for incremental increases in facility size up to an aggregate of $200 million, plus an additional amount such that the Company’s senior secured leverage ratio (as defined under the Term Loan) would not exceed 3.50 to 1.00.  MRC Global (US) Inc. is the borrower under this facility, which is guaranteed by MRC Global Inc. as well as all of its wholly owned U.S. subsidiaries.  In addition, it is secured by a second lien on the assets securing our Global ABL Facility (which includes accounts receivable, inventory and related assets) and a first lien on substantially all of the other assets of MRC Global Inc. and those of its U.S. subsidiaries, as well as a pledge of all of the capital stock of our domestic subsidiaries and 65% of the capital stock of first tier, non-U.S. subsidiaries.  We are required to repay the Term Loan with certain asset sales and insurance proceeds, certain debt proceeds and 50% of excess cash flow (reducing to 25% if our senior secured leverage ratio is no more than 2.75 to 1.00 and 0% if our senior secured leverage ratio is no more than 2.50 to 1.00).  In addition, the Term Loan contains a number of customary restrictive covenants. The interest rate for the Term Loan, including the amortization of original issue discount and debt issuance costs, was 5.57% as of June 30, 2017 and 5.51% at December 31, 2016. Global ABL Facility:  We have a $1.05  billion multi-currency global asset-based revolving credit facility (the “Global ABL Facility”) that matures in July 2019. This facility is comprised of $977 million in revolver commitments in the United States, $30 million in Norway, $20 million in Canada, $5 million in the United Kingdom, $10 million in Australia, $4 million in the Netherlands and $4 million in Belgium. It contains an accordion feature that allows us to increase the principal amount of the facility by up to $300 million, subject to securing additional lender commitments.  MRC Global Inc. and each of its current and future wholly owned material U.S. subsidiaries guarantee the obligations of our borrower subsidiaries under the Global ABL Facility. Additionally, each of our non-U.S. borrower subsidiaries guarantees the obligations of our other non-U.S. borrower subsidiaries under the Global ABL Facility. Outstanding obligations are generally secured by a first priority security interest in accounts receivable, inventory and related assets. Excess Availability, as defined under our Global ABL Facility, was $505 million as of June 30, 2017.  </div> </div>

3000000

1128

<div> <div style="margin-left:0pt;margin-right:0pt;"> Business Operations:  MRC Global Inc. is a holding company headquartered in Houston, Texas. Our wholly owned subsidiaries are global distributors of pipe, valves, fittings (“PVF”) and related products and services across each of the upstream (exploration, production and extraction of underground oil and gas), midstream (gathering and transmission of oil and gas, gas utilities, and the storage and distribution of oil and gas) and downstream (crude oil refining and petrochemical and chemical processing and general industrials) sectors. We have branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Caspian. Our products are obtained from a broad range of suppliers. </div> </div>

-87000000

-37000000

36000000

-14000000

148000000

-24000000

-25000000

-17000000

12000000

6000000

-37000000

-23000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> Recent Accounting Pronouncements:  In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard, which will supersede previous existing revenue recognition guidance. The Accounting Standards Update (“ASU”) also provides guidance on accounting for certain contract costs and requires new disclosures. During fiscal 2016, the FASB issued additional clarification guidance on the new revenue recognition standard, which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) is effective for fiscal periods beginning after December 15, 2017 and allows for either full retrospective or modified retrospective adoption.  To date, we have performed a formal review of contracts with 36 of our largest customers which represented 58% of 2016 revenue.  We are in the process of evaluating the impact of the new guidance based on our review of the contracts with these large customers.   The balance of our revenue is derived from thousands of customers with which we generally interact in a transactional relationship where goods are purchased from our branch locations.  Based on our analysis to date, we do not expect the guidance to have a material impact on the timing of our revenue recognition.  We plan to adopt the standard in the first quarter of 2018 and have determined that we will utilize the modified retrospective transition method.  We are still assessing the impact of the standard on our internal control processes and information systems.  However, we do not currently believe that significant modifications of our systems will be required. In February 2016, the FASB issued ASU 2016-02, Leases, which will replace the existing guidance in ASC 870, Leases.  This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases.  Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability.  For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense.  This guidance is effective for annual and interim reporting periods of public entities beginning after December 15, 2018.  We are in the process of evaluating the effect of the adoption of ASU 2016-02 on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740). The guidance requires companies to recognize the income tax effects of intercompany sales and transfers of assets, other than inventory, in the income statement as income tax expense (or benefit) in the period in which the transfer occurs. The effective date will be the first quarter of fiscal year 2018, with early adoption permitted. The changes are required to be applied by means of a cumulative-effect adjustment recorded in retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The amendments in ASU 2017-04 eliminate the current two-step approach used to test goodwill for impairment and require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal years, including interim periods within, beginning after December 15, 2019 (upon the first goodwill impairment test performed during that fiscal year). Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. A reporting entity must apply the amendments in ASU 2017-04 using a prospective approach. The Company does not expect the adoption of ASU 2017-04 to have a material impact to its consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09,  Compensation – Stock Compensation (Topic 718) Scope of Modification Accounting which clarifies modification accounting for share-based payment awards should not be applied if the fair value, vesting conditions, and the classification of the modified award as an equity instrument or as a liability instrument are the same before and immediately after the modification. This standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Adoption will be applied prospectively to awards modified on or after the adoption date. The Company does not expect the adoption of ASU 2017-09 to have a material impact to its consolidated financial statements. </div> </div>

-1000000

-14000000

-3000000

2000000

-13000000

-10000000

-2000000

-6000000

31000000

4000000

32000000

-5000000

17000000

1000000

21000000

-5000000

<div> <div style="margin-left:0pt;margin-right:0pt;">   NOTE 1 – BACKGROUND AND BASIS OF PRESENTATION Business Operations:  MRC Global Inc. is a holding company headquartered in Houston, Texas. Our wholly owned subsidiaries are global distributors of pipe, valves, fittings (“PVF”) and related products and services across each of the upstream (exploration, production and extraction of underground oil and gas), midstream (gathering and transmission of oil and gas, gas utilities, and the storage and distribution of oil and gas) and downstream (crude oil refining and petrochemical and chemical processing and general industrials) sectors. We have branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Caspian. Our products are obtained from a broad range of suppliers. Basis of Presentation:  We have prepared our unaudited condensed consolidated financial statements in accordance with Rule 10-01 of Regulation S-X for interim financial statements.  These statements do not include all information and footnotes that generally accepted accounting principles require for complete annual financial statements. However, the information in these statements reflects all normal recurring adjustments which are, in our opinion, 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, 2017 are not necessarily indicative of the results that will be realized for the fiscal year ending December 31, 2017.  We have derived our condensed consolidated balance sheet as of December 31, 2016 from the audited consolidated financial statements for the year ended December 31, 2016.  You should read these condensed consolidated financial statements in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2016. The consolidated financial statements include the accounts of MRC Global Inc. and its wholly owned and majority owned subsidiaries (collectively referred to as the “Company” or by such terms as “we,” “our” or “us”). All material intercompany balances and transactions have been eliminated in consolidation.   Recent Accounting Pronouncements:  In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard, which will supersede previous existing revenue recognition guidance. The Accounting Standards Update (“ASU”) also provides guidance on accounting for certain contract costs and requires new disclosures. During fiscal 2016, the FASB issued additional clarification guidance on the new revenue recognition standard, which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) is effective for fiscal periods beginning after December 15, 2017 and allows for either full retrospective or modified retrospective adoption.  To date, we have performed a formal review of contracts with 36 of our largest customers which represented 58% of 2016 revenue.  We are in the process of evaluating the impact of the new guidance based on our review of the contracts with these large customers.   The balance of our revenue is derived from thousands of customers with which we generally interact in a transactional relationship where goods are purchased from our branch locations.  Based on our analysis to date, we do not expect the guidance to have a material impact on the timing of our revenue recognition.  We plan to adopt the standard in the first quarter of 2018 and have determined that we will utilize the modified retrospective transition method.  We are still assessing the impact of the standard on our internal control processes and information systems.  However, we do not currently believe that significant modifications of our systems will be required. In February 2016, the FASB issued ASU 2016-02, Leases, which will replace the existing guidance in ASC 870, Leases.  This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases.  Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability.  For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense.  This guidance is effective for annual and interim reporting periods of public entities beginning after December 15, 2018.  We are in the process of evaluating the effect of the adoption of ASU 2016-02 on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740). The guidance requires companies to recognize the income tax effects of intercompany sales and transfers of assets, other than inventory, in the income statement as income tax expense (or benefit) in the period in which the transfer occurs. The effective date will be the first quarter of fiscal year 2018, with early adoption permitted. The changes are required to be applied by means of a cumulative-effect adjustment recorded in retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The amendments in ASU 2017-04 eliminate the current two-step approach used to test goodwill for impairment and require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal years, including interim periods within, beginning after December 15, 2019 (upon the first goodwill impairment test performed during that fiscal year). Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. A reporting entity must apply the amendments in ASU 2017-04 using a prospective approach. The Company does not expect the adoption of ASU 2017-04 to have a material impact to its consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09,  Compensation – Stock Compensation (Topic 718) Scope of Modification Accounting which clarifies modification accounting for share-based payment awards should not be applied if the fair value, vesting conditions, and the classification of the modified award as an equity instrument or as a liability instrument are the same before and immediately after the modification. This standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Adoption will be applied prospectively to awards modified on or after the adoption date. The Company does not expect the adoption of ASU 2017-09 to have a material impact to its consolidated financial statements. </div> </div>

48000000

47000000

19000000

21000000

12000000

-4000000

14000000

8000000

23000000

-4000000

-1000000

-2000000

71000000

33000000

18000000

12000000

3000000

14000000

0.065

12000000

6000000

12000000

6000000

0.01

363000

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 5 – REDEEMABLE PREFERRED STOCK Preferred Stock Issuance In June 2015, we issued 363,000 shares of Series A Convertible Perpetual Preferred Stock (the “Preferred Stock”) and received gross proceeds of $363 million. The Preferred Stock ranks senior to our common stock with respect to dividend rights and rights on liquidation, winding-up and dissolution. The Preferred Stock has a stated value of $1,000 per share, and holders of Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 6.50% per annum. Holders of Preferred Stock are entitled to vote together with the holders of the common stock as a single class, in each case, on an as-converted basis, except where a separate class vote of the common stockholders is required by law. Holders of Preferred Stock have certain limited special approval rights, including with respect to the issuance of pari passu or senior equity securities of the Company. The Preferred Stock is convertible at the option of the holders into shares of common stock at an initial conversion rate of 55.9284 shares of common stock for each share of Preferred Stock, which represents an initial conversion price of approximately $17.88 per share of common stock, subject to adjustment. On or after the fifth anniversary of the initial issuance of the Preferred Stock, the Company will have the option to redeem, in whole but not in part, all the outstanding shares of Preferred Stock, subject to certain redemption price adjustments on the basis of the date of the conversion. We may elect to convert the Preferred Stock, in whole but not in part, into the relevant number of shares of common stock on or after the 54th month after the initial issuance of the Preferred Stock if the last reported sale price of the common stock has been at least 150% of the conversion price then in effect for a specified period. The conversion rate is subject to customary anti-dilution and other adjustments. Holders of the Preferred Stock may, at their option, require the Company to repurchase their shares in the event of a fundamental change, as defined in the agreement.  The repurchase price is based on the original $1,000 per share purchase price except in the case of a liquidation in which case they would receive the greater of $1,000 per share and the amount that would be received if they held common stock converted at the conversion rate in effect at the time of the fundamental change.  Because this feature could require redemption as a result of the occurrence of an event not solely within the control of the Company, the Preferred Stock is classified as temporary equity on our balance sheet. </div> </div>

355000000

27000000

223000000

300000000

48000000

135000000

138000000

27000000

223000000

4000000

-574000000

1529000000

118000000

1157000000

236000000

208000000

254000000

228000000

164000000

95000000

598000000

746000000

54000000

551000000

116000000

108000000

141000000

96000000

80000000

47000000

299000000

1784000000

146000000

1386000000

262000000

277000000

252000000

316000000

189000000

91000000

649000000

922000000

69000000

720000000

139000000

143000000

133000000

170000000

93000000

50000000

327000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six Months Ended </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Sales </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> U.S. </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $              720 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $              551 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,386 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,157 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Canada </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">69  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">146  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">118  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> International </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">133  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">141  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">252  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">254  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Consolidated sales </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $              922 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $              746 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,784 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,529 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Operating income (loss) </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> U.S. </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                21 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                 (2) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                  32 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                    2 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Canada </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(2) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(3) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> International </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(5) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(6) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(5) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(13) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Total operating income (loss) </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">17  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(10) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  31 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  (14) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Interest expense </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(8) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(9) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(15) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(17) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Other, net </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(1) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Income (loss) before income taxes </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  9 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $               (19) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  16 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  (32) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Total assets </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> U.S. </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,886 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,862 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Canada </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">145  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">139  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> International </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">201  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">163  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Total assets </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             2,232 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             2,164 </td> </tr> </table></div> </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 7 – SEGMENT INFORMATION Our business is comprised of four operating segments: U.S. Eastern Region and Gulf Coast, U.S. Western Region, Canada and International. Our International segment consists of our operations outside of the U.S. and Canada. These segments represent our business of selling PVF to the energy sector across each of the upstream (exploration, production and extraction of underground oil and gas), midstream (gathering and transmission of oil and gas, gas utilities, and the storage and distribution of oil and gas) and downstream (crude oil refining and petrochemical and chemical processing and general industrials) markets. Our two U.S. operating segments have been aggregated into a single reportable segment based on their economic similarities.  As a result, we report segment information for the U.S., Canada and International. The following table presents financial information for each reportable segment (in millions): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six Months Ended </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Sales </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> U.S. </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $              720 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $              551 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,386 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,157 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Canada </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">69  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">54  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">146  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">118  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> International </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">133  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">141  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">252  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">254  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Consolidated sales </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $              922 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $              746 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,784 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,529 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Operating income (loss) </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> U.S. </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                21 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                 (2) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                  32 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                    2 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Canada </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(2) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">4  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(3) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> International </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(5) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(6) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(5) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(13) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Total operating income (loss) </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">17  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(10) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  31 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  (14) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Interest expense </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(8) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(9) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(15) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(17) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Other, net </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(1) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Income (loss) before income taxes </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  9 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $               (19) </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  16 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  (32) </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Total assets </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> U.S. </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,886 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             1,862 </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Canada </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">145  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">139  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> International </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">201  </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">163  </td> </tr> <tr> <td valign="bottom" style="width:35.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Total assets </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             2,232 </td> <td valign="bottom" style="width:02.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             2,164 </td> </tr> </table></div>  Our sales by product line are as follows (in millions): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six Months Ended </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:00.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:00.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Type </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Valves, automation, measurement and instrumentation </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                327 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                299 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                649 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                598 </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Line pipe </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">170  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">96  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">316  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">228  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Gas products </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">143  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">108  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">277  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">208  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Carbon steel fittings and flanges </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">139  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">116  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">262  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">236  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Stainless steel and alloy pipe and fittings </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">50  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">47  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">91  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">95  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Other </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">93  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">80  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">189  </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">164  </td> </tr> <tr> <td valign="bottom" style="width:47.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                922 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                746 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.36%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,784 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             1,529 </td> </tr> </table></div> </div> </div>

272000000

135000000

258000000

132000000

7000000

9000000

P1Y

P5Y

P3Y

5858998

164098

63272

543319

4250000

3250000

763000000

765000000

<div> <div style="margin-left:0pt;margin-right:0pt;"> NOTE 6 – STOCKHOLDERS’ EQUITY Share Repurchase Program In November 2015, the Company’s board of directors authorized a share repurchase program for common stock up to $100 million, which was increased in November 2016 to $125 million.  The shares may be repurchased at management’s discretion in the open market.  Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice.  In the first quarter of 2017, the Company completed the repurchase of all shares authorized under the program.  <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td colspan="4" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Summary of share repurchase activity under the repurchase program: </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Six Months Ended </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:01.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:01.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Number of shares acquired on the open market </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">2,399,400  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">859,830  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5,278,274  </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Average price per share </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             13.82 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             20.54 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $             13.59 </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Total cost of acquired shares (in millions) </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  33 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  18 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  71 </td> </tr> </table></div> In total, we have acquired 8,537,410 shares under this program at an average price per share of $14.64 for a total cost of $125 million.  There were 94,492,857 shares of common stock outstanding as of June 30, 2017. Equity Compensation Plans Our 2011 Omnibus Incentive Plan originally had 3,250,000 shares reserved for issuance under the plan.  In April 2015, our shareholders approved an additional 4,250,000 shares for reservation for issuance under the plan.  The plan permits the issuance of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units and other stock-based and cash-based awards.  Since the adoption of the 2011 Omnibus Incentive Plan, the Company’s Board of Directors has periodically granted stock options, restricted stock awards, restricted stock units and performance share units to directors and employees.  Options and stock appreciation rights may not be granted at prices less than the fair market value of our common stock on the date of the grant, nor for a term exceeding ten years. For employees, vesting generally occurs ratably over a three to five year period on the anniversaries of the date specified in the employees’ respective stock option, restricted stock award, restricted stock unit and performance share unit award agreements, subject to accelerated vesting under certain circumstances set forth in the agreements. Vesting for directors generally occurs on the one-year  anniversary of the grant date. In 2017,  164,098 performance share unit awards,  543,319 restricted stock units, and 63,272 shares of restricted stock have been granted to employees and members of our board of directors.  To date, since the plan’s inception in 2011, before consideration of forfeitures, 5,858,998 shares have been granted to management, members of our board of directors and key employees under this plan.  A Black-Scholes option-pricing model is used to estimate the fair value of the stock options. A Monte Carlo simulation is completed to estimate the fair value of performance share unit awards with a stock price performance component.  We expense the fair value of all equity grants, including performance share unit awards, on a straight-line basis over the vesting period.   Accumulated Other Comprehensive Loss  Accumulated other comprehensive loss in the accompanying consolidated balance sheets consists of the following (in millions): <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:15.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:15.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:15.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:15.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:15.42%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Currency translation adjustments </td> <td valign="bottom" style="width:15.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             (219) </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             (233) </td> </tr> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Pension related adjustments </td> <td valign="bottom" style="width:15.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(1) </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">(1) </td> </tr> <tr> <td valign="bottom" style="width:66.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Accumulated other comprehensive loss </td> <td valign="bottom" style="width:15.42%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             (220) </td> <td valign="bottom" style="width:02.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.40%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $             (234) </td> </tr> </table></div> Earnings per Share  Earnings per share are calculated in the table below (in millions, except per share amounts).  <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three Months Ended </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six Months Ended </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:01.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> <td valign="bottom" style="width:01.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2016 </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Net income (loss) </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                    6 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                 (17) </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                  12 </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                 (25) </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Less: Dividends on Series A Preferred Stock </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">6  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">12  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">12  </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Net income (loss) attributable to common stockholders </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                 (23) </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                 (37) </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Weighted average basic shares outstanding </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">94.5  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">97.7  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">94.6  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">99.2  </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> Effect of dilutive securities </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1.1  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">1.4  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">  - </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Weighted average diluted shares outstanding </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">95.6  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">97.7  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">96.0  </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">99.2  </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> </td> <td valign="bottom" style="width:12.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> Net income (loss) per share: </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   Basic </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $              (0.24) </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.75pt;padding:0pt;"> $              (0.37) </td> </tr> <tr> <td valign="bottom" style="width:43.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   Diluted </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $              (0.24) </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $                    - </td> <td valign="bottom" style="width:01.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;height:12.75pt;padding:0pt;"> $              (0.37) </td> </tr> </table></div> Equity awards and shares of Preferred Stock are disregarded in the calculation of diluted earnings per share if they are determined to be anti-dilutive.  For the three and six months ended June 30, 2017, all of the shares of the Preferred Stock were anti-dilutive.  For the three and six months ended June 30, 2017, we had approximately 2.1 million anti-dilutive stock options. For the three and six months ended June 30, 2016, we had approximately 3.7 million anti-dilutive stock options. There were 0.8 million and 0.7 million anti-dilutive restricted stock, restricted units or performance stock unit awards for the three and six months ended June 30, 2016, respectively. </div> </div>

100000000

125000000

2000

1000

363000

13.59

13.82

20.54

7677580

8537410

5278274

2399400

859830

107000000

125000000

1400000

1100000

99200000

97700000

96000000

95600000

99200000

97700000

94600000

94500000

EX-101.SCH 6 mrc-20170630.xsd EX-101.SCH 00100 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - Condensed Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - Condensed Consolidated Statements of Other Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - Condensed Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 40202 - Disclosure - Inventories (Composition of Inventory) (Details) link:presentationLink link:calculationLink link:definitionLink 40302 - Disclosure - Long-Term Debt (Components of Long-Term Debt) (Details) link:presentationLink link:calculationLink link:definitionLink 40603 - Disclosure - Stockholders' Equity (Accumulated Other Comprehensive Loss in Accompanying Consolidated Balance Sheets) (Details) link:presentationLink link:calculationLink link:definitionLink 40604 - Disclosure - Stockholders' Equity (Earnings Per Share) (Details) link:presentationLink link:calculationLink link:definitionLink 40702 - Disclosure - Segment Information (Schedule of Financial Information for Each Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - Background and Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - Long-Term Debt link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - Redeemable Preferred Stock link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - Segment Information link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 20102 - Disclosure - Background and Basis of Presentation (Policy) link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - Long-Term Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 30603 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 30703 - Disclosure - Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - Background and Basis of Presentation (Details) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - Inventories (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - Long-Term Debt (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - Redeemable Preferred Stock (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - Stockholders' Equity (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40602 - Disclosure - Stockholders' Equity (Summary of Share Repurchase Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - Segment Information (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40703 - Disclosure - Segment Information (Schedule of Net Sales by Product Line) (Details) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 mrc-20170630_cal.xml EX-101.CAL EX-101.DEF 8 mrc-20170630_def.xml EX-101.DEF EX-101.LAB 9 mrc-20170630_lab.xml EX-101.LAB Document And Entity Information [Abstract] Document and Entity Information [Abstract] Statement [Table] Class of Stock [Axis] Class Of Stock [Domain] Class of Stock [Domain] Common Stock [Member] Common Stock [Member] Restricted Stock [Member] Restricted Stock [Member] Statement [Line Items] Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Common Stock Shares Outstanding Entity Common Stock, Shares Outstanding Condensed Consolidated Balance Sheets [Abstract] Assets [Abstract] Assets Total assets Assets Current [Abstract] Current assets: Cash And Cash Equivalents At Carrying Value Cash -- end of period Cash -- beginning of period Cash Accounts Receivable Net Current Accounts receivable, net Inventory Net Inventories, net Inventories, net Other Assets Current Other current assets Assets Current Total current assets Other Assets Miscellaneous Noncurrent Other assets Property Plant And Equipment Net Property, plant and equipment, net Intangible assets: Intangible Assets [Abstract] Intangible assets: Goodwill Goodwill, net Finite Lived Intangible Assets Net Other intangible assets, net Assets Total assets Total assets Liabilities And Stockholders Equity [Abstract] Liabilities and stockholders' equity Liabilities Current [Abstract] Current liabilities: Accounts Payable Trade Current Trade accounts payable Accrued Liabilities Current Accrued expenses and other current liabilities Long Term Debt Current Current portion of long term debt Less: current portion Liabilities Current Total current liabilities Long Term Debt Noncurrent [Abstract] Long-term obligations: Long Term Debt Noncurrent Long-term debt, net Deferred Tax Liabilities Noncurrent Deferred income taxes Other Liabilities Noncurrent Other liabilities Commitments And Contingencies Commitments and contingencies Preferred Stock Value 6.5% Series A Convertible Perpetual Preferred Stock, $0.01 par value; authorized 363,000 shares; 363,000 shares issued and outstanding Stockholders Equity [Abstract] Stockholders' equity: Common Stock Value Common stock, $0.01 par value per share: 500 million shares authorized, 103,030,267 and 102,529,637 issued, respectively Additional Paid In Capital Common Stock Additional paid-in capital Retained Earnings Accumulated Deficit Retained deficit Treasury Stock, Value Less: Treasury stock at cost: 8,537,410 and 7,677,580 shares, respectively Accumulated Other Comprehensive Income Loss Net Of Tax Accumulated other comprehensive loss Accumulated other comprehensive loss Stockholders Equity Total stockholders' equity Liabilities And Stockholders Equity Total liabilities and stockholders' equity Preferred Stock, Dividend Rate, Percentage Preferred stock, dividend rate Preferred Stock Par Or Stated Value Per Share Preferred stock, par value Preferred Stock Shares Authorized Preferred stock, shares authorized Preferred Stock Shares Issued Preferred stock, shares issued Preferred Stock Shares Outstanding Preferred stock, shares outstanding Common Stock Par Or Stated Value Per Share Common stock, par value Common Stock Shares Authorized Common stock, shares authorized Common Stock Shares Issued Common stock, shares issued Treasury Stock, Shares Treasury stock, shares Condensed Consolidated Statements of Operations [Abstract] Sales Revenue Net Consolidated sales Sales Cost Of Goods And Services Sold Cost of sales Gross Profit Gross profit Selling General And Administrative Expense Selling, general and administrative expenses Operating Income Loss Total operating income (loss) Operating income (loss) Nonoperating Income Expense [Abstract] Other expense: Interest Expense Interest expense Other Nonoperating Income Expense Other, net Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments Income (loss) before income taxes Income Tax Expense Benefit Income tax expense (benefit) Net Income Loss Net income (loss) Net income (loss) Preferred Stock Dividends, Income Statement Impact Series A preferred stock dividends Less: Dividends on Series A Preferred Stock Net Income (Loss) Available to Common Stockholders, Basic Net income (loss) attributable to common stockholders Earnings Per Share Basic Basic Basic income (loss) per common share Earnings Per Share Diluted Diluted Diluted income (loss) per common share Weighted Average Number Of Shares Outstanding Basic Weighted average basic shares outstanding Weighted-average common shares, basic Weighted Average Number Of Diluted Shares Outstanding Weighted-average common shares, diluted Weighted average diluted shares outstanding Condensed Consolidated Statements of Other Comprehensive Income [Abstract] Other comprehensive income (loss) Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax Foreign currency translation adjustments Comprehensive Income Net Of Tax Comprehensive income (loss) Condensed Consolidated Statements of Cash Flows [Abstract] Net Cash Provided By Used In Operating Activities [Abstract] Operating activities Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities [Abstract] Adjustments to reconcile net income (loss) to net cash (used in) provided by operations: Depreciation Depletion And Amortization Depreciation and amortization Amortization Of Intangible Assets Amortization of intangibles Share Based Compensation Equity-based compensation expense Deferred Income Tax Expense Benefit Deferred income tax benefit Amortization Of Financing Costs And Discounts Amortization of debt issuance costs Inventory L I F O Reserve Effect On Income Net Increase (decrease) in LIFO reserve Foreign Currency Transaction Gain (Loss), before Tax Foreign currency (gains) losses Other Noncash Income (Expense) Other Increase Decrease In Operating Capital [Abstract] Changes in operating assets and liabilities: Increase Decrease In Accounts Receivable Accounts receivable Increase Decrease In Inventories Inventories Increase Decrease In Other Operating Assets Other current assets Increase Decrease In Income Taxes Income taxes payable Increase Decrease In Accounts Payable Trade Accounts payable Increase Decrease In Accrued Liabilities Accrued expenses and other current liabilities Net Cash Provided by (Used in) Operating Activities, Continuing Operations Net cash (used in) provided by operations Net Cash Provided By Used In Investing Activities [Abstract] Investing activities Payments To Acquire Property Plant And Equipment Purchases of property, plant and equipment Proceeds from Sale of Other Assets, Investing Activities Proceeds from the disposition of non-core product line Payments For Proceeds From Other Investing Activities Other investing activities Net Cash Provided by (Used in) Investing Activities, Continuing Operations Net cash (used in) provided by investing activities Net Cash Provided By Used In Financing Activities [Abstract] Financing activities Repayments Of Lines Of Credit Payments on revolving credit facilities Proceeds From Lines Of Credit Proceeds from revolving credit facilities Repayments Of Long Term Debt And Capital Securities Payments on long term obligations Payments for Repurchase of Common Stock Purchase of common stock Total cost of acquired shares Payments of Ordinary Dividends, Preferred Stock and Preference Stock Dividends paid on preferred stock Payments Related to Tax Withholding for Share-based Compensation Repurchases of shares to satisfy tax withholdings Net Cash Provided by (Used in) Financing Activities, Continuing Operations Net cash used in financing activities Cash And Cash Equivalents Period Increase Decrease (Decrease) increase in cash Effect Of Exchange Rate On Cash And Cash Equivalents Effect of foreign exchange rate on cash Supplemental Cash Flow Information [Abstract] Supplemental disclosures of cash flow information: Interest Paid Cash paid for interest Income Taxes Paid Net Cash paid for income taxes Background and Basis of Presentation [Abstract] Organization Consolidation And Presentation Of Financial Statements Disclosure [Text Block] Background and Basis of Presentation Inventories [Abstract] Inventory Disclosure [Text Block] Inventories Long-Term Debt [Abstract] Long-term Debt [Text Block] Long-Term Debt Income Taxes [Abstract] Income Tax Disclosure [Text Block] Income Taxes Redeemable Preferred Stock [Abstract] Redeemable Preferred Stock [Abstract] Preferred Stock [Text Block] Redeemable Preferred Stock Stockholders' Equity [Abstract] Stockholders Equity Note Disclosure [Text Block] Stockholders' Equity Segment Information [Abstract] Segment Reporting Disclosure [Text Block] Segment Information Fair Value Measurements [Abstract] Fair Value Disclosures [Text Block] Fair Value Measurements Commitments and Contingencies [Abstract] Commitments And Contingencies Disclosure [Text Block] Commitments and Contingencies Nature of Operations [Text Block] Business Operations Consolidation Policy [Text Block] Basis of Presentation New Accounting Pronouncements Policy Policy [Text Block] Recent Accounting Pronouncements Schedule Of Inventory Current Table [Text Block] Composition of Inventory Schedule Of Debt Instruments [Text Block] Components of Long-Term Debt Class of Treasury Stock [Table Text Block] Summary of Share Repurchase Activity Schedule Of Accumulated Other Comprehensive Income Loss Table [Text Block] Accumulated Other Comprehensive Loss in Accompanying Consolidated Balance Sheets Schedule Of Earnings Per Share Basic And Diluted Table [Text Block] Earnings Per Share Schedule Of Segment Reporting Information By Segment [Text Block] Schedule of Financial Information for Each Segment Schedule of net sales by product line. Schedule Of Net Sales By Product Line Table [Text Block] Schedule of Net Sales by Product Line Concentration Risk [Table] Concentration Risk [Line Items] Concentration Risk, Number Of Major Customers Concentration Risk, Number Of Major Customers Number of large customers Concentration Risk, Percentage Percentage of revenue from largest customers Public Utilities Inventory [Table] Public Utilities, Inventory [Table] Public Utilities Inventory [Line Items] Public Utilities, Inventory [Line Items] Inventory, LIFO Reserve, Period Charge Effect of LIFO decrement on cost of sales Public Utilities Inventory [Axis] Public Utilities Inventory Type [Domain] Public Utilities, Inventory, Type [Domain] All Other Products [Member] All Other Products [Member] All Other Products [Member] Inventory Finished Goods And Work In Process [Abstract] Finished goods inventory at average cost: Inventory Finished Goods Finished goods inventory at average cost Inventory L I F O Reserve Less: Excess of average cost over LIFO cost (LIFO reserve) Inventory Valuation Reserves Less: Other inventory reserves Debt Instrument [Table] Schedule of Long-term Debt Instruments [Table] Longterm Debt Type [Axis] Longterm Debt Type [Domain] Long-term Debt, Type [Domain] Senior Secured Term Loan B [Member] Senior Secured Term Loan B [Member] Senior Secured Term Loan B [Member] Range [Axis] Range [Member] Range [Domain] Maximum [Member] Maximum [Member] Credit Facility [Axis] Credit Facility [Domain] Credit Facility [Domain] Revolving Credit Facility [Member] Revolving credit facility [Member] Global ABL Facility. Global Abl Facility [Member] Global ABL Facility [Member] Statement Geographical [Axis] Segment Geographical [Domain] Segment, Geographical [Domain] U [S] U.S. [Member] C [A] Canada [Member] G [B] United Kingdom [Member] A [U] Australia [Member] A [N] Netherlands [Member] B [E] Belgium [Member] N [O] Norway [Member] Scenario [Axis] Scenario Unspecified [Domain] Scenario, Unspecified [Domain] Senior secured leverage ratio is no more than 2.75 to 1.00. Senior Secured Leverage Ratio Is No More Than Two Point Seven Five To One [Member] Senior Secured Leverage Ratio Is No More Than 2.75 to 1.00 [Member] Senior secured leverage ratio is no more than 2.50 to 1.00 Senior Secured Leverage Ratio Is No More Than Two Point Five Zero To One [Member] Senior Secured Leverage Ratio Is No More Than 2.50 to 1.00 [Member] Debt Instrument [Line Items] Debt Instrument [Line Items] Debt Instrument Carrying Amount Carrying value of debt New Term Loan Debt Maturity Period Debt Maturity Period Debt maturity period Debt Instrument Amortization Percentage Debt Instrument Amortization Percentage Term loan annual amortization percentage Debt Instrument Maturity Date Debt instrument, maturity date The aggregate amount of incremental increases allowed under the Senior Secured Term Loan. Senior Secured Term Loan Maximum Borrowing Capacity Term Loan accordion feature Term Loan Senior Secured Leverage Ratio Term Loan Senior Secured Leverage Ratio Senior secured leverage ratio Percentage Of Capital Stock In Foreign Subsidiaries Percentage Of Capital Stock In Foreign Subsidiaries Percentage of capital stock in foreign subsidiaries securing Term Loan B Repayment percentage requirement based on excess cash flow and leverage ratio. Repayment percentage requirement based on excess cash flow and leverage ratio Repayment of Term Loan, percentage EX-101.PRE 10 mrc-20170630_pre.xml EX-101.PRE XML 11 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2017	Jul. 28, 2017
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Entity Registrant Name	MRC GLOBAL INC.
Entity Central Index Key	0001439095
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Common Stock [Member]
Entity Common Stock, Shares Outstanding		94,492,896
Restricted Stock [Member]
Entity Common Stock, Shares Outstanding		286,481

XML 12 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 37	$ 109
Accounts receivable, net	522	399
Inventories, net	592	561
Other current assets	47	48
Total current assets	1,198	1,117
Other assets	21	19
Property, plant and equipment, net	138	135
Intangible assets:
Goodwill, net	485	482
Other intangible assets, net	390	411
Total assets	2,232	2,164
Current liabilities:
Trade accounts payable	388	314
Accrued expenses and other current liabilities	114	111
Current portion of long term debt	8	8
Total current liabilities	510	433
Long-term obligations:
Long-term debt, net	402	406
Deferred income taxes	177	184
Other liabilities	23	23
Commitments and contingencies
6.5% Series A Convertible Perpetual Preferred Stock, $0.01 par value; authorized 363,000 shares; 363,000 shares issued and outstanding	355	355
Stockholders' equity:
Common stock, $0.01 par value per share: 500 million shares authorized, 103,030,267 and 102,529,637 issued, respectively	1	1
Additional paid-in capital	1,683	1,677
Retained deficit	(574)	(574)
Less: Treasury stock at cost: 8,537,410 and 7,677,580 shares, respectively	(125)	(107)
Accumulated other comprehensive loss	(220)	(234)
Total stockholders' equity	765	763
Total liabilities and stockholders' equity	$ 2,232	$ 2,164

XML 13 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Condensed Consolidated Balance Sheets [Abstract]
Preferred stock, dividend rate	6.50%	6.50%
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	363,000	363,000
Preferred stock, shares issued	363,000	363,000
Preferred stock, shares outstanding	363,000	363,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	103,030,267	102,529,637
Treasury stock, shares	8,537,410	7,677,580

XML 14 R4.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Consolidated Statements of Operations [Abstract]
Sales	$ 922	$ 746	$ 1,784	$ 1,529
Cost of sales	773	621	1,495	1,271
Gross profit	149	125	289	258
Selling, general and administrative expenses	132	135	258	272
Operating income (loss)	17	(10)	31	(14)
Other expense:
Interest expense	(8)	(9)	(15)	(17)
Other, net				(1)
Income (loss) before income taxes	9	(19)	16	(32)
Income tax expense (benefit)	3	(2)	4	(7)
Net income (loss)	6	(17)	12	(25)
Series A preferred stock dividends	$ 6	6	$ 12	12
Net income (loss) attributable to common stockholders		$ (23)		$ (37)
Basic income (loss) per common share		$ (0.24)		$ (0.37)
Diluted income (loss) per common share		$ (0.24)		$ (0.37)
Weighted-average common shares, basic	94.5	97.7	94.6	99.2
Weighted-average common shares, diluted	95.6	97.7	96.0	99.2

XML 15 R5.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Other Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Consolidated Statements of Other Comprehensive Income [Abstract]
Net income (loss)	$ 6	$ (17)	$ 12	$ (25)
Other comprehensive income (loss)
Foreign currency translation adjustments	8	(4)	14	12
Comprehensive income (loss)	$ 14	$ (21)	$ 26	$ (13)

XML 16 R6.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net income (loss)	$ 12	$ (25)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operations:
Depreciation and amortization	11	10
Amortization of intangibles	22	23
Equity-based compensation expense	9	7
Deferred income tax benefit	(7)	(5)
Amortization of debt issuance costs	2	2
Increase (decrease) in LIFO reserve	6	(4)
Foreign currency (gains) losses	(2)	2
Other	4	4
Changes in operating assets and liabilities:
Accounts receivable	(117)	104
Inventories	(33)	51
Other current assets	7	2
Income taxes payable	(12)	(6)
Accounts payable	68	(10)
Accrued expenses and other current liabilities	6	(7)
Net cash (used in) provided by operations	(24)	148
Investing activities
Purchases of property, plant and equipment	(14)	(14)
Proceeds from the disposition of non-core product line		48
Other investing activities		2
Net cash (used in) provided by investing activities	(14)	36
Financing activities
Payments on revolving credit facilities	(223)	(27)
Proceeds from revolving credit facilities	223	27
Payments on long term obligations	(4)	(4)
Purchase of common stock	(18)	(71)
Dividends paid on preferred stock	(12)	(12)
Repurchases of shares to satisfy tax withholdings	(3)
Net cash used in financing activities	(37)	(87)
(Decrease) increase in cash	(75)	97
Effect of foreign exchange rate on cash	3	1
Cash -- beginning of period	109	69
Cash -- end of period	37	167
Supplemental disclosures of cash flow information:
Cash paid for interest	13	16
Cash paid for income taxes	$ 22	$ 6

XML 17 R7.htm IDEA: XBRL DOCUMENT

Background and Basis of Presentation	6 Months Ended
Background and Basis of Presentation	Jun. 30, 2017
Background and Basis of Presentation [Abstract]
Background and Basis of Presentation	NOTE 1 – BACKGROUND AND BASIS OF PRESENTATION Business Operations: MRC Global Inc. is a holding company headquartered in Houston, Texas. Our wholly owned subsidiaries are global distributors of pipe, valves, fittings (“PVF”) and related products and services across each of the upstream (exploration, production and extraction of underground oil and gas), midstream (gathering and transmission of oil and gas, gas utilities, and the storage and distribution of oil and gas) and downstream (crude oil refining and petrochemical and chemical processing and general industrials) sectors. We have branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Caspian. Our products are obtained from a broad range of suppliers. Basis of Presentation: We have prepared our unaudited condensed consolidated financial statements in accordance with Rule 10-01 of Regulation S-X for interim financial statements. These statements do not include all information and footnotes that generally accepted accounting principles require for complete annual financial statements. However, the information in these statements reflects all normal recurring adjustments which are, in our opinion, 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, 2017 are not necessarily indicative of the results that will be realized for the fiscal year ending December 31, 2017. We have derived our condensed consolidated balance sheet as of December 31, 2016 from the audited consolidated financial statements for the year ended December 31, 2016. You should read these condensed consolidated financial statements in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2016. The consolidated financial statements include the accounts of MRC Global Inc. and its wholly owned and majority owned subsidiaries (collectively referred to as the “Company” or by such terms as “we,” “our” or “us”). All material intercompany balances and transactions have been eliminated in consolidation. Recent Accounting Pronouncements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard, which will supersede previous existing revenue recognition guidance. The Accounting Standards Update (“ASU”) also provides guidance on accounting for certain contract costs and requires new disclosures. During fiscal 2016, the FASB issued additional clarification guidance on the new revenue recognition standard, which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) is effective for fiscal periods beginning after December 15, 2017 and allows for either full retrospective or modified retrospective adoption. To date, we have performed a formal review of contracts with 36 of our largest customers which represented 58% of 2016 revenue. We are in the process of evaluating the impact of the new guidance based on our review of the contracts with these large customers. The balance of our revenue is derived from thousands of customers with which we generally interact in a transactional relationship where goods are purchased from our branch locations. Based on our analysis to date, we do not expect the guidance to have a material impact on the timing of our revenue recognition. We plan to adopt the standard in the first quarter of 2018 and have determined that we will utilize the modified retrospective transition method. We are still assessing the impact of the standard on our internal control processes and information systems. However, we do not currently believe that significant modifications of our systems will be required. In February 2016, the FASB issued ASU 2016-02, Leases, which will replace the existing guidance in ASC 870, Leases. This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. This guidance is effective for annual and interim reporting periods of public entities beginning after December 15, 2018. We are in the process of evaluating the effect of the adoption of ASU 2016-02 on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740). The guidance requires companies to recognize the income tax effects of intercompany sales and transfers of assets, other than inventory, in the income statement as income tax expense (or benefit) in the period in which the transfer occurs. The effective date will be the first quarter of fiscal year 2018, with early adoption permitted. The changes are required to be applied by means of a cumulative-effect adjustment recorded in retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The amendments in ASU 2017-04 eliminate the current two-step approach used to test goodwill for impairment and require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal years, including interim periods within, beginning after December 15, 2019 (upon the first goodwill impairment test performed during that fiscal year). Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. A reporting entity must apply the amendments in ASU 2017-04 using a prospective approach. The Company does not expect the adoption of ASU 2017-04 to have a material impact to its consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation – Stock Compensation (Topic 718) Scope of Modification Accounting which clarifies modification accounting for share-based payment awards should not be applied if the fair value, vesting conditions, and the classification of the modified award as an equity instrument or as a liability instrument are the same before and immediately after the modification. This standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Adoption will be applied prospectively to awards modified on or after the adoption date. The Company does not expect the adoption of ASU 2017-09 to have a material impact to its consolidated financial statements.

XML 18 R8.htm IDEA: XBRL DOCUMENT

Inventories

6 Months Ended

Jun. 30, 2017

Inventories [Abstract]

Inventories

NOTE 2 – INVENTORIES

The composition of our inventory is as follows (in millions):


	June 30,	December 31,
	2017	2016
Finished goods inventory at average cost:
Line pipe	$ 139	$ 124
Valves, automation, measurement and instrumentation	240	225
All other products	320	313
	699	662
Less: Excess of average cost over LIFO cost (LIFO reserve)	(73)	(67)
Less: Other inventory reserves	(34)	(34)
	$ 592	$ 561

XML 19 R9.htm IDEA: XBRL DOCUMENT

Long-Term Debt

6 Months Ended

Jun. 30, 2017

Long-Term Debt [Abstract]

Long-Term Debt

NOTE 3 – LONG-TERM DEBT

The components of our long-term debt are as follows (in millions):


	June 30,	December 31,
	2017	2016
Senior Secured Term Loan B, net of discount and issuance costs of $3 and $4, respectively	$ 410	$ 414
Global ABL Facility	-	-
	410	414
Less: current portion	8	8
	$ 402	$ 406

Senior Secured Term Loan B: We have a seven year Senior Secured Term Loan B (the “Term Loan”) with an original principal amount of $794 million which amortizes in equal quarterly installments of 1% per year with the balance payable in November 2019, when the facility matures. Subject to securing additional lender commitments, the Term Loan allows for incremental increases in facility size up to an aggregate of $200 million, plus an additional amount such that the Company’s senior secured leverage ratio (as defined under the Term Loan) would not exceed 3.50 to 1.00. MRC Global (US) Inc. is the borrower under this facility, which is guaranteed by MRC Global Inc. as well as all of its wholly owned U.S. subsidiaries. In addition, it is secured by a second lien on the assets securing our Global ABL Facility (which includes accounts receivable, inventory and related assets) and a first lien on substantially all of the other assets of MRC Global Inc. and those of its U.S. subsidiaries, as well as a pledge of all of the capital stock of our domestic subsidiaries and 65% of the capital stock of first tier, non-U.S. subsidiaries. We are required to repay the Term Loan with certain asset sales and insurance proceeds, certain debt proceeds and 50% of excess cash flow (reducing to 25% if our senior secured leverage ratio is no more than 2.75 to 1.00 and 0% if our senior secured leverage ratio is no more than 2.50 to 1.00). In addition, the Term Loan contains a number of customary restrictive covenants.

The interest rate for the Term Loan, including the amortization of original issue discount and debt issuance costs, was 5.57% as of June 30, 2017 and 5.51% at December 31, 2016.

XML 20 R10.htm IDEA: XBRL DOCUMENT

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2017
Income Taxes [Abstract]
Income Taxes	NOTE 4 – INCOME TAXES In the first quarter of 2017, we adopted ASU 2016-09, Compensation - Stock Compensation, which simplified the accounting for taxes related to stock based compensation. Under the standard, excess tax benefits and certain tax deficiencies are no longer recorded in additional paid-in capital (“APIC”), and APIC pools are eliminated. Instead, all excess tax benefits and tax deficiencies are recorded as income tax expense or benefit in the income statement. In addition, excess tax benefits are presented as operating activities rather than financing activities in the statement of cash flows. For the three and six months ended June 30, 2017, we recorded a tax benefit of $0 million and $2 million, respectively, related to the vesting of stock awards. The impacts of this standard are reflected in the consolidated financial statements on a prospective basis. For interim periods, our income tax expense is computed based upon our estimated annual effective tax rate. Our effective tax rates for the three and six months ended June 30, 2017 were 33% and 25%, respectively. The effective tax rates for the three and six months ended June 30, 2016 were 11% and 22%, respectively. Our rates generally differ from the U.S. federal statutory rate of 35% as a result of state income taxes and differing, generally lower, foreign income tax rates. The effective tax rate for the six months ended June 30, 2017 was lower than our U.S. federal statutory rate primarily due to the discrete impact of the implementation of ASU 2016-09 and a benefit related to foreign currency exchange losses. Our 2016 effective tax rates were significantly lower than our U.S. federal statutory rate due to forecasted pre-tax losses across all segments including significant pre-tax losses in jurisdictions where there was no corresponding tax benefit.

XML 21 R11.htm IDEA: XBRL DOCUMENT

Redeemable Preferred Stock	6 Months Ended
Redeemable Preferred Stock	Jun. 30, 2017
Redeemable Preferred Stock [Abstract]
Redeemable Preferred Stock	NOTE 5 – REDEEMABLE PREFERRED STOCK Preferred Stock Issuance In June 2015, we issued 363,000 shares of Series A Convertible Perpetual Preferred Stock (the “Preferred Stock”) and received gross proceeds of $363 million. The Preferred Stock ranks senior to our common stock with respect to dividend rights and rights on liquidation, winding-up and dissolution. The Preferred Stock has a stated value of $1,000 per share, and holders of Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 6.50% per annum. Holders of Preferred Stock are entitled to vote together with the holders of the common stock as a single class, in each case, on an as-converted basis, except where a separate class vote of the common stockholders is required by law. Holders of Preferred Stock have certain limited special approval rights, including with respect to the issuance of pari passu or senior equity securities of the Company. The Preferred Stock is convertible at the option of the holders into shares of common stock at an initial conversion rate of 55.9284 shares of common stock for each share of Preferred Stock, which represents an initial conversion price of approximately $17.88 per share of common stock, subject to adjustment. On or after the fifth anniversary of the initial issuance of the Preferred Stock, the Company will have the option to redeem, in whole but not in part, all the outstanding shares of Preferred Stock, subject to certain redemption price adjustments on the basis of the date of the conversion. We may elect to convert the Preferred Stock, in whole but not in part, into the relevant number of shares of common stock on or after the 54th month after the initial issuance of the Preferred Stock if the last reported sale price of the common stock has been at least 150% of the conversion price then in effect for a specified period. The conversion rate is subject to customary anti-dilution and other adjustments. Holders of the Preferred Stock may, at their option, require the Company to repurchase their shares in the event of a fundamental change, as defined in the agreement. The repurchase price is based on the original $1,000 per share purchase price except in the case of a liquidation in which case they would receive the greater of $1,000 per share and the amount that would be received if they held common stock converted at the conversion rate in effect at the time of the fundamental change. Because this feature could require redemption as a result of the occurrence of an event not solely within the control of the Company, the Preferred Stock is classified as temporary equity on our balance sheet.

XML 22 R12.htm IDEA: XBRL DOCUMENT

Stockholders' Equity

6 Months Ended

Jun. 30, 2017

Stockholders' Equity [Abstract]

Stockholders' Equity

NOTE 6 – STOCKHOLDERS’ EQUITY

Share Repurchase Program


Summary of share repurchase activity under the repurchase program:

	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016
Number of shares acquired on the open market	-	2,399,400	859,830	5,278,274
Average price per share	$ -	$ 13.82	$ 20.54	$ 13.59
Total cost of acquired shares (in millions)	$ -	$ 33	$ 18	$ 71

Equity Compensation Plans

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss in the accompanying consolidated balance sheets consists of the following (in millions):



	June 30,	December 31,
	2017	2016

Currency translation adjustments	$ (219)	$ (233)
Pension related adjustments	(1)	(1)
Accumulated other comprehensive loss	$ (220)	$ (234)

Earnings per Share

Earnings per share are calculated in the table below (in millions, except per share amounts).



	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016


Net income (loss)	$ 6	$ (17)	$ 12	$ (25)
Less: Dividends on Series A Preferred Stock	6	6	12	12
Net income (loss) attributable to common stockholders	$ -	$ (23)	$ -	$ (37)

Weighted average basic shares outstanding	94.5	97.7	94.6	99.2
Effect of dilutive securities	1.1	-	1.4	-
Weighted average diluted shares outstanding	95.6	97.7	96.0	99.2

Net income (loss) per share:
Basic	$ -	$ (0.24)	$ -	$ (0.37)
Diluted	$ -	$ (0.24)	$ -	$ (0.37)

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

+ Details

XML 23 R13.htm IDEA: XBRL DOCUMENT

Segment Information

6 Months Ended

Jun. 30, 2017

Segment Information [Abstract]

Segment Information

NOTE 7 – SEGMENT INFORMATION

The following table presents financial information for each reportable segment (in millions):


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016
Sales
U.S.	$ 720	$ 551	$ 1,386	$ 1,157
Canada	69	54	146	118
International	133	141	252	254
Consolidated sales	$ 922	$ 746	$ 1,784	$ 1,529

Operating income (loss)
U.S.	$ 21	$ (2)	$ 32	$ 2
Canada	1	(2)	4	(3)
International	(5)	(6)	(5)	(13)
Total operating income (loss)	17	(10)	$ 31	$ (14)

Interest expense	(8)	(9)	(15)	(17)
Other, net	-	-	-	(1)
Income (loss) before income taxes	$ 9	$ (19)	$ 16	$ (32)


			June 30,	December 31,
			2017	2016
Total assets
U.S.			$ 1,886	$ 1,862
Canada			145	139
International			201	163
Total assets			$ 2,232	$ 2,164

Our sales by product line are as follows (in millions):


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
Type	2017	2016	2017	2016

Valves, automation, measurement and instrumentation	$ 327	$ 299	$ 649	$ 598
Line pipe	170	96	316	228
Gas products	143	108	277	208
Carbon steel fittings and flanges	139	116	262	236
Stainless steel and alloy pipe and fittings	50	47	91	95
Other	93	80	189	164
	$ 922	$ 746	$ 1,784	$ 1,529

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

XML 24 R14.htm IDEA: XBRL DOCUMENT

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2017
Fair Value Measurements [Abstract]
Fair Value Measurements	NOTE 8 – FAIR VALUE MEASUREMENTS From time to time, we use derivative financial instruments to help manage our exposure to interest rate risk and fluctuations in foreign currencies. All of our derivative instruments are freestanding and, accordingly, changes in their fair market value are recorded in earnings. As of June 30, 2017, we do not have any interest rate swap agreements. Foreign exchange forward contracts and options are reported at fair value utilizing Level 2 inputs, as the fair value is based on broker quotes for the same or similar derivative instruments. The total notional amount of our forward foreign exchange contracts and options was approximately $54 million and $36 million at June 30, 2017 and December 31, 2016, respectively. We had approximately $0 million recorded as liabilities on our consolidated balance sheets as of June 30, 2017 and December 31, 2016. With the exception of long-term debt, the fair values of our financial instruments, including cash and cash equivalents, accounts receivable, trade accounts payable and accrued liabilities approximate carrying value. The carrying value of our debt was $410 million and $414 million at June 30, 2017 and December 31, 2016, respectively. We estimate the fair value of the Term Loan using Level 2 inputs, or quoted market prices. The fair value of our debt was $417 million at June 30, 2017 and December 31, 2016.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

XML 25 R15.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2017
Commitments and Contingencies [Abstract]
Commitments and Contingencies	NOTE 9 – COMMITMENTS AND CONTINGENCIES Litigation Asbestos Claims. We are one of many defendants in lawsuits that plaintiffs have brought seeking damages for personal injuries that exposure to asbestos allegedly caused. Plaintiffs and their family members have brought these lawsuits against a large volume of defendant entities as a result of the defendants’ manufacture, distribution, supply or other involvement with asbestos, asbestos containing-products or equipment or activities that allegedly caused plaintiffs to be exposed to asbestos. These plaintiffs typically assert exposure to asbestos as a consequence of third-party manufactured products that our MRC Global (US) Inc. subsidiary purportedly distributed. As of June 30, 2017, we are named a defendant in approximately 508 lawsuits involving approximately 1,128 claims. No asbestos lawsuit has resulted in a judgment against us to date, with a majority being settled, dismissed or otherwise resolved. Applicable third-party insurance has substantially covered these claims, and insurance should continue to cover a substantial majority of existing and anticipated future claims. Accordingly, we have recorded a liability for our estimate of the most likely settlement of asserted claims and a related receivable from insurers for our estimated recovery, to the extent we believe that the amounts of recovery are probable. It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote. Other Legal Claims and Proceedings. From time to time, we have been subject to various claims and involved in legal proceedings incidental to the nature of our businesses. We maintain insurance coverage to reduce financial risk associated with certain of these claims and proceedings. It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote. Product Claims. From time to time, in the ordinary course of our business, our customers may claim that the products that we distribute are either defective or require repair or replacement under warranties that either we or the manufacturer may provide to the customer. These proceedings are, in the opinion of management, ordinary and routine matters incidental to our normal business. Our purchase orders with our suppliers generally require the manufacturer to indemnify us against any product liability claims, leaving the manufacturer ultimately responsible for these claims. In many cases, state, provincial or foreign law provides protection to distributors for these sorts of claims, shifting the responsibility to the manufacturer. In some cases, we could be required to repair or replace the products for the benefit of our customer and seek our recovery from the manufacturer for our expense. In our opinion, the likelihood that the ultimate disposition of any of these claims and legal proceedings will have a material adverse effect on our consolidated financial statements is remote. Weatherford Claim. In addition to PVF, our Canadian subsidiary, Midfield Supply (“Midfield”), now known as MRC Global (Canada) ULC, also distributed progressive cavity pumps and related equipment (“PCPs”) under a distribution agreement with Weatherford Canada Partnership (“Weatherford”) within a certain geographical area located in southern Alberta, Canada. In late 2005 and early 2006, Midfield hired new employees, including former Weatherford employees, as part of Midfield’s desire to expand its PVF business into northern Alberta. Shortly thereafter, many of these employees left Midfield and formed a PCP manufacturing, distribution and service company named Europump Systems Inc. (“Europump”) in 2006. A subsidiary of Halliburton Company purchased Europump in 2014. The distribution agreement with Weatherford expired in 2006. Midfield supplied Europump with PVF products that Europump distributed along with PCP pumps. In April 2007, Midfield purchased Europump’s distribution branches and began distributing and servicing Europump PCPs. Pursuant to a complaint that Weatherford filed on April 11, 2006 in the Court of Queen’s Bench of Alberta, Judicial Bench of Edmonton (Action No. 060304628), Weatherford sued Europump, three of Europump’s part suppliers, Midfield, certain current and former employees of Midfield, and other related entities, asserting a host of claims including breach of contract, breach of fiduciary duty, misappropriation of confidential information related to the PCPs, unlawful interference with economic relations and conspiracy. The Company denies these allegations and contends that Midfield’s expansion and subsequent growth was the result of fair competition. In June 2017, Midfield and Europump and certain individual defendants and related entities settled the case. As part of the settlement, MRC Global (Canada) ULC agreed to pay $6 million in exchange for a release from Weatherford and agreement to dismiss the case. The Company had previously recorded a reserve of $3 million. As a result of the settlement, an additional charge of $3 million was recorded in the second quarter of 2017. Customer Contracts We have contracts and agreements with many of our customers that dictate certain terms of our sales arrangements (pricing, deliverables, etc.). While we make every effort to abide by the terms of these contracts, certain provisions are complex and often subject to varying interpretations. Under the terms of these contracts, our customers have the right to audit our adherence to the contract terms. Historically, any settlements that have resulted from these customer audits have not been material to our consolidated financial statements. Purchase Commitments We have purchase obligations consisting primarily of inventory purchases made in the normal course of business to meet operating needs. While our vendors often allow us to cancel these purchase orders without penalty, in certain cases, cancellations may subject us to cancellation fees or penalties depending on the terms of the contract.

XML 26 R16.htm IDEA: XBRL DOCUMENT

Background and Basis of Presentation (Policy)	6 Months Ended
Background and Basis of Presentation (Policy)	Jun. 30, 2017
Background and Basis of Presentation [Abstract]
Business Operations	Business Operations: MRC Global Inc. is a holding company headquartered in Houston, Texas. Our wholly owned subsidiaries are global distributors of pipe, valves, fittings (“PVF”) and related products and services across each of the upstream (exploration, production and extraction of underground oil and gas), midstream (gathering and transmission of oil and gas, gas utilities, and the storage and distribution of oil and gas) and downstream (crude oil refining and petrochemical and chemical processing and general industrials) sectors. We have branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Caspian. Our products are obtained from a broad range of suppliers.
Basis of Presentation	Basis of Presentation: We have prepared our unaudited condensed consolidated financial statements in accordance with Rule 10-01 of Regulation S-X for interim financial statements. These statements do not include all information and footnotes that generally accepted accounting principles require for complete annual financial statements. However, the information in these statements reflects all normal recurring adjustments which are, in our opinion, 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, 2017 are not necessarily indicative of the results that will be realized for the fiscal year ending December 31, 2017. We have derived our condensed consolidated balance sheet as of December 31, 2016 from the audited consolidated financial statements for the year ended December 31, 2016. You should read these condensed consolidated financial statements in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2016. The consolidated financial statements include the accounts of MRC Global Inc. and its wholly owned and majority owned subsidiaries (collectively referred to as the “Company” or by such terms as “we,” “our” or “us”). All material intercompany balances and transactions have been eliminated in consolidation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In May 2014, the Financial Accounting Standards Board (“FASB”) issued a comprehensive new revenue recognition standard, which will supersede previous existing revenue recognition guidance. The Accounting Standards Update (“ASU”) also provides guidance on accounting for certain contract costs and requires new disclosures. During fiscal 2016, the FASB issued additional clarification guidance on the new revenue recognition standard, which also included certain scope improvements and practical expedients. The standard (including clarification guidance issued) is effective for fiscal periods beginning after December 15, 2017 and allows for either full retrospective or modified retrospective adoption. To date, we have performed a formal review of contracts with 36 of our largest customers which represented 58% of 2016 revenue. We are in the process of evaluating the impact of the new guidance based on our review of the contracts with these large customers. The balance of our revenue is derived from thousands of customers with which we generally interact in a transactional relationship where goods are purchased from our branch locations. Based on our analysis to date, we do not expect the guidance to have a material impact on the timing of our revenue recognition. We plan to adopt the standard in the first quarter of 2018 and have determined that we will utilize the modified retrospective transition method. We are still assessing the impact of the standard on our internal control processes and information systems. However, we do not currently believe that significant modifications of our systems will be required. In February 2016, the FASB issued ASU 2016-02, Leases, which will replace the existing guidance in ASC 870, Leases. This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. This guidance is effective for annual and interim reporting periods of public entities beginning after December 15, 2018. We are in the process of evaluating the effect of the adoption of ASU 2016-02 on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740). The guidance requires companies to recognize the income tax effects of intercompany sales and transfers of assets, other than inventory, in the income statement as income tax expense (or benefit) in the period in which the transfer occurs. The effective date will be the first quarter of fiscal year 2018, with early adoption permitted. The changes are required to be applied by means of a cumulative-effect adjustment recorded in retained earnings as of the beginning of the fiscal year of adoption. The Company is currently assessing the impact adoption of this guidance will have on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The amendments in ASU 2017-04 eliminate the current two-step approach used to test goodwill for impairment and require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for fiscal years, including interim periods within, beginning after December 15, 2019 (upon the first goodwill impairment test performed during that fiscal year). Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. A reporting entity must apply the amendments in ASU 2017-04 using a prospective approach. The Company does not expect the adoption of ASU 2017-04 to have a material impact to its consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation – Stock Compensation (Topic 718) Scope of Modification Accounting which clarifies modification accounting for share-based payment awards should not be applied if the fair value, vesting conditions, and the classification of the modified award as an equity instrument or as a liability instrument are the same before and immediately after the modification. This standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Adoption will be applied prospectively to awards modified on or after the adoption date. The Company does not expect the adoption of ASU 2017-09 to have a material impact to its consolidated financial statements.

XML 27 R17.htm IDEA: XBRL DOCUMENT

Inventories (Tables)

6 Months Ended

Jun. 30, 2017

Inventories [Abstract]

Composition of Inventory


	June 30,	December 31,
	2017	2016
Finished goods inventory at average cost:
Line pipe	$ 139	$ 124
Valves, automation, measurement and instrumentation	240	225
All other products	320	313
	699	662
Less: Excess of average cost over LIFO cost (LIFO reserve)	(73)	(67)
Less: Other inventory reserves	(34)	(34)
	$ 592	$ 561

XML 28 R18.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2017

Long-Term Debt [Abstract]

Components of Long-Term Debt


	June 30,	December 31,
	2017	2016
Senior Secured Term Loan B, net of discount and issuance costs of $3 and $4, respectively	$ 410	$ 414
Global ABL Facility	-	-
	410	414
Less: current portion	8	8
	$ 402	$ 406

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

XML 29 R19.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2017

Stockholders' Equity [Abstract]

Summary of Share Repurchase Activity


Summary of share repurchase activity under the repurchase program:

	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016
Number of shares acquired on the open market	-	2,399,400	859,830	5,278,274
Average price per share	$ -	$ 13.82	$ 20.54	$ 13.59
Total cost of acquired shares (in millions)	$ -	$ 33	$ 18	$ 71

Accumulated Other Comprehensive Loss in Accompanying Consolidated Balance Sheets



	June 30,	December 31,
	2017	2016

Currency translation adjustments	$ (219)	$ (233)
Pension related adjustments	(1)	(1)
Accumulated other comprehensive loss	$ (220)	$ (234)

Earnings Per Share



	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016


Net income (loss)	$ 6	$ (17)	$ 12	$ (25)
Less: Dividends on Series A Preferred Stock	6	6	12	12
Net income (loss) attributable to common stockholders	$ -	$ (23)	$ -	$ (37)

Weighted average basic shares outstanding	94.5	97.7	94.6	99.2
Effect of dilutive securities	1.1	-	1.4	-
Weighted average diluted shares outstanding	95.6	97.7	96.0	99.2

Net income (loss) per share:
Basic	$ -	$ (0.24)	$ -	$ (0.37)
Diluted	$ -	$ (0.24)	$ -	$ (0.37)

XML 30 R20.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment Information [Abstract]

Schedule of Financial Information for Each Segment


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016
Sales
U.S.	$ 720	$ 551	$ 1,386	$ 1,157
Canada	69	54	146	118
International	133	141	252	254
Consolidated sales	$ 922	$ 746	$ 1,784	$ 1,529

Operating income (loss)
U.S.	$ 21	$ (2)	$ 32	$ 2
Canada	1	(2)	4	(3)
International	(5)	(6)	(5)	(13)
Total operating income (loss)	17	(10)	$ 31	$ (14)

Interest expense	(8)	(9)	(15)	(17)
Other, net	-	-	-	(1)
Income (loss) before income taxes	$ 9	$ (19)	$ 16	$ (32)


			June 30,	December 31,
			2017	2016
Total assets
U.S.			$ 1,886	$ 1,862
Canada			145	139
International			201	163
Total assets			$ 2,232	$ 2,164

Schedule of Net Sales by Product Line


	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
Type	2017	2016	2017	2016

Valves, automation, measurement and instrumentation	$ 327	$ 299	$ 649	$ 598
Line pipe	170	96	316	228
Gas products	143	108	277	208
Carbon steel fittings and flanges	139	116	262	236
Stainless steel and alloy pipe and fittings	50	47	91	95
Other	93	80	189	164
	$ 922	$ 746	$ 1,784	$ 1,529

XML 31 R21.htm IDEA: XBRL DOCUMENT

Background and Basis of Presentation (Details) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	6 Months Ended
	Jun. 30, 2017 customer
Concentration Risk [Line Items]
Number of large customers	36
Percentage of revenue from largest customers	58.00%

XML 32 R22.htm IDEA: XBRL DOCUMENT

Inventories (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Inventories (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2016
Inventories [Abstract]
Effect of LIFO decrement on cost of sales	$ (2)	$ (3)

XML 33 R23.htm IDEA: XBRL DOCUMENT

Inventories (Composition of Inventory) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Finished goods inventory at average cost:
Finished goods inventory at average cost	$ 699	$ 662
Less: Excess of average cost over LIFO cost (LIFO reserve)	(73)	(67)
Less: Other inventory reserves	(34)	(34)
Inventories, net	592	561
Line pipe [Member]
Finished goods inventory at average cost:
Finished goods inventory at average cost	139	124
Valves, Automation, Measurement And Instrumentation [Member]
Finished goods inventory at average cost:
Finished goods inventory at average cost	240	225
All Other Products [Member]
Finished goods inventory at average cost:
Finished goods inventory at average cost	$ 320	$ 313

XML 34 R24.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
Proceeds from revolving credit facilities	$ 223.0	$ 27.0
Revolving credit facility [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	Jul. 31, 2019
Credit facility, maximum borrowing capacity	$ 1,050.0
Proceeds from revolving credit facilities	300.0
Revolving credit facility [Member] \| U.S. [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	977.0
Revolving credit facility [Member] \| Canada [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	20.0
Revolving credit facility [Member] \| United Kingdom [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	5.0
Revolving credit facility [Member] \| Australia [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	10.0
Revolving credit facility [Member] \| Netherlands [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	4.0
Revolving credit facility [Member] \| Belgium [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	4.0
Revolving credit facility [Member] \| Norway [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	30.0
Global ABL Facility [Member]
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity	505.0
Senior Secured Term Loan B [Member]
Debt Instrument [Line Items]
New Term Loan	$ 794.0
Debt maturity period	7 years
Term loan annual amortization percentage	1.00%
Debt instrument, maturity date	Nov. 30, 2019
Term Loan accordion feature	$ 200.0
Percentage of capital stock in foreign subsidiaries securing Term Loan B	65.00%
Debt instrument, interest rate	5.57%		5.51%
Senior Secured Term Loan B [Member] \| Senior Secured Leverage Ratio Is No More Than 2.75 to 1.00 [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio	2.75
Repayment of Term Loan, percentage	25.00%
Senior Secured Term Loan B [Member] \| Senior Secured Leverage Ratio Is No More Than 2.50 to 1.00 [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio	2.50
Repayment of Term Loan, percentage	0.00%
Senior Secured Term Loan B [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio	3.50
Repayment of Term Loan, percentage	50.00%

XML 35 R25.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Components of Long-Term Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term debt	$ 410	$ 414
Less: current portion	8	8
Long-term debt, net	402	406
Senior secured term loan [Member]
Debt Instrument [Line Items]
Long-term debt	410	414
Original issue discount and issuance costs on senior secured Term Loan B	$ 3	$ 4

XML 36 R26.htm IDEA: XBRL DOCUMENT

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Operating Loss Carryforwards [Line Items]
Effective tax rate	33.00%	11.00%	25.00%	22.00%
Federal statutory rate			35.00%
Accounting Standards Update 2016-09 [Member]
Operating Loss Carryforwards [Line Items]
Tax benefit	$ 0		$ 2

XML 37 R27.htm IDEA: XBRL DOCUMENT

Redeemable Preferred Stock (Details) $ / shares in Units, $ in Millions	1 Months Ended
	Jun. 30, 2015 USD ($) $ / shares shares
Stockholders' Equity [Abstract]
Preferred stock, issued \| shares	363,000
Gross proceeds from issuance of Series A Preferred Stock \| $	$ 363
Preferred stock, stated value \| $ / shares	$ 1,000
Preferred stock, dividend rate	6.50%
Preferred stock, initial conversion rate \| shares	55.9284
Preferred stock, initial conversion price \| $ / shares	$ 17.88
Preferred stock, common stock as percentage of conversion price	150.00%

XML 38 R28.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		21 Months Ended	78 Months Ended
Stockholders' Equity (Narrative) (Details) - USD ($)	Apr. 30, 2015	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2017	Nov. 30, 2016	Nov. 30, 2015
Stockholders Equity [Line Items]
Share repurchase program, total shares acquired						8,537,410
Share repurchase program, average cost per share						$ 14.64
Share repurchase program, cost of total shares acquired						$ 125,000,000
Common stock, shares outstanding		94,492,857		94,492,857		94,492,857	94,492,857
2015 Share Repurchase Program [Member]
Stockholders Equity [Line Items]
Share repurchase program, authorized amount								$ 125,000,000	$ 100,000,000
2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Shares reserved for Incentive Plan		3,250,000		3,250,000		3,250,000	3,250,000
Additional shares reserved for Incentive Plan	4,250,000
Stock granted							5,858,998
Director [Member] \| 2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Vesting period				1 year
Minimum [Member] \| 2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Vesting period				3 years
Maximum [Member] \| 2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Vesting period				5 years
Stock Options [Member]
Stockholders Equity [Line Items]
Anti-dilutive securities		2,100,000	3,700,000	2,100,000	3,700,000
Stock Options [Member] \| 2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Maximum term for stock option plan grant				10 years
Restricted Stock [Member] \| 2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Stock granted				63,272
Performance Shares [Member] \| 2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Stock granted				164,098
Restricted Stock Units (RSUs) [Member] \| 2011 Omnibus Incentive Plan [Member]
Stockholders Equity [Line Items]
Stock granted				543,319
Restricted Stock, Restricted Unites And Performance Stock Units [Member]
Stockholders Equity [Line Items]
Anti-dilutive securities			800,000		700,000

XML 39 R29.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Summary of Share Repurchase Activity) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Equity, Class of Treasury Stock [Line Items]
Total cost of acquired shares		$ 18	$ 71
2015 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares acquired on the open market	2,399,400	859,830	5,278,274
Average price per share	$ 13.82	$ 20.54	$ 13.59
Total cost of acquired shares	$ 33	$ 18	$ 71

XML 40 R30.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Accumulated Other Comprehensive Loss in Accompanying Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Stockholders' Equity [Abstract]
Currency translation adjustments	$ (219)	$ (233)
Pension related adjustments	(1)	(1)
Accumulated other comprehensive loss	$ (220)	$ (234)

XML 41 R31.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Stockholders' Equity [Abstract]
Net income (loss)	$ 6	$ (17)	$ 12	$ (25)
Less: Dividends on Series A Preferred Stock	$ 6	6	$ 12	12
Net income (loss) attributable to common stockholders		$ (23)		$ (37)
Weighted average basic shares outstanding	94.5	97.7	94.6	99.2
Effect of dilutive securities	1.1		1.4
Weighted average diluted shares outstanding	95.6	97.7	96.0	99.2
Net income (loss) per share:
Basic		$ (0.24)		$ (0.37)
Diluted		$ (0.24)		$ (0.37)

XML 42 R32.htm IDEA: XBRL DOCUMENT

Segment Information (Narrative) (Details)	6 Months Ended
Segment Information (Narrative) (Details)	Jun. 30, 2017 segment
U.S., Canada And International [Member]
Segment Information [Line Items]
Number of operating segments	4
U.S. [Member]
Segment Information [Line Items]
Number of operating segments	2
Number of Reportable Segments	1

XML 43 R33.htm IDEA: XBRL DOCUMENT

Segment Information (Schedule of Financial Information for Each Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Sales
Consolidated sales	$ 922	$ 746	$ 1,784	$ 1,529
Operating (loss) income
Total operating income (loss)	17	(10)	31	(14)
Interest expense	(8)	(9)	(15)	(17)
Other, net				(1)
Income (loss) before income taxes	9	(19)	16	(32)
Total assets
Total assets	2,232		2,232		$ 2,164
U.S. [Member]
Sales
Consolidated sales	720	551	1,386	1,157
Operating (loss) income
Total operating income (loss)	21	(2)	32	2
Total assets
Total assets	1,886		1,886		1,862
Canada [Member]
Sales
Consolidated sales	69	54	146	118
Operating (loss) income
Total operating income (loss)	1	(2)	4	(3)
Total assets
Total assets	145		145		139
International [Member]
Sales
Consolidated sales	133	141	252	254
Operating (loss) income
Total operating income (loss)	(5)	$ (6)	(5)	$ (13)
Total assets
Total assets	$ 201		$ 201		$ 163

XML 44 R34.htm IDEA: XBRL DOCUMENT

Segment Information (Schedule of Net Sales by Product Line) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting, Revenue Reconciling Item [Line Items]
Sales	$ 922	$ 746	$ 1,784	$ 1,529
Valves, Automation, Measurement And Instrumentation [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Sales	327	299	649	598
Line pipe [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Sales	170	96	316	228
Gas Products [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Sales	143	108	277	208
Carbon Steel Fittings And Flanges [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Sales	139	116	262	236
Stainless Steel Alloy Pipe And Fittings [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Sales	50	47	91	95
Other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Sales	$ 93	$ 80	$ 189	$ 164

XML 45 R35.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Long-term Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of debt	$ 410	$ 414
Long-term Debt [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of our debt	417	417
Foreign exchange forward contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount of forward foreign exchange contracts and options	54	36
Foreign exchange forward contracts [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of forward foreign exchange contracts and options	$ 0	$ 0

XML 46 R36.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details) $ in Millions	21 Months Ended
Commitments and Contingencies (Details) $ in Millions	Jun. 30, 2017 USD ($) claim lawsuit	Nov. 30, 2015 USD ($)
Commitments and Contingencies [Abstract]
Number of lawsuits \| lawsuit	508
Asbestos related pending claims \| claim	1,128
Settlement agreement	$ 6
Litigation reserve	$ 3	$ 3

EXCEL 47 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end

XML 48 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 49 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 51 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 114 167 1 false 42 0 false 8 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.mrcpvf.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - Condensed Consolidated Balance Sheets Sheet http://www.mrcpvf.com/role/StatementCondensedConsolidatedBalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00105 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://www.mrcpvf.com/role/StatementCondensedConsolidatedBalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - Condensed Consolidated Statements of Operations Sheet http://www.mrcpvf.com/role/StatementCondensedConsolidatedStatementsOfOperations Condensed Consolidated Statements of Operations Statements 4 false false R5.htm 00300 - Statement - Condensed Consolidated Statements of Other Comprehensive Income Sheet http://www.mrcpvf.com/role/StatementCondensedConsolidatedStatementsOfOtherComprehensiveIncome Condensed Consolidated Statements of Other Comprehensive Income Statements 5 false false R6.htm 00400 - Statement - Condensed Consolidated Statements of Cash Flows Sheet http://www.mrcpvf.com/role/StatementCondensedConsolidatedStatementsOfCashFlows Condensed Consolidated Statements of Cash Flows Statements 6 false false R7.htm 10101 - Disclosure - Background and Basis of Presentation Sheet http://www.mrcpvf.com/role/DisclosureBackgroundAndBasisOfPresentation Background and Basis of Presentation Notes 7 false false R8.htm 10201 - Disclosure - Inventories Sheet http://www.mrcpvf.com/role/DisclosureInventories Inventories Notes 8 false false R9.htm 10301 - Disclosure - Long-Term Debt Sheet http://www.mrcpvf.com/role/DisclosureLongTermDebt Long-Term Debt Notes 9 false false R10.htm 10401 - Disclosure - Income Taxes Sheet http://www.mrcpvf.com/role/DisclosureIncomeTaxes Income Taxes Notes 10 false false R11.htm 10501 - Disclosure - Redeemable Preferred Stock Sheet http://www.mrcpvf.com/role/DisclosureRedeemablePreferredStock Redeemable Preferred Stock Notes 11 false false R12.htm 10601 - Disclosure - Stockholders' Equity Sheet http://www.mrcpvf.com/role/DisclosureStockholdersEquity Stockholders' Equity Notes 12 false false R13.htm 10701 - Disclosure - Segment Information Sheet http://www.mrcpvf.com/role/DisclosureSegmentInformation Segment Information Notes 13 false false R14.htm 10801 - Disclosure - Fair Value Measurements Sheet http://www.mrcpvf.com/role/DisclosureFairValueMeasurements Fair Value Measurements Notes 14 false false R15.htm 10901 - Disclosure - Commitments and Contingencies Sheet http://www.mrcpvf.com/role/DisclosureCommitmentsAndContingencies Commitments and Contingencies Notes 15 false false R16.htm 20102 - Disclosure - Background and Basis of Presentation (Policy) Sheet http://www.mrcpvf.com/role/DisclosureBackgroundAndBasisOfPresentationPolicy Background and Basis of Presentation (Policy) Policies 16 false false R17.htm 30203 - Disclosure - Inventories (Tables) Sheet http://www.mrcpvf.com/role/DisclosureInventoriesTables Inventories (Tables) Tables http://www.mrcpvf.com/role/DisclosureInventories 17 false false R18.htm 30303 - Disclosure - Long-Term Debt (Tables) Sheet http://www.mrcpvf.com/role/DisclosureLongTermDebtTables Long-Term Debt (Tables) Tables http://www.mrcpvf.com/role/DisclosureLongTermDebt 18 false false R19.htm 30603 - Disclosure - Stockholders' Equity (Tables) Sheet http://www.mrcpvf.com/role/DisclosureStockholdersEquityTables Stockholders' Equity (Tables) Tables http://www.mrcpvf.com/role/DisclosureStockholdersEquity 19 false false R20.htm 30703 - Disclosure - Segment Information (Tables) Sheet http://www.mrcpvf.com/role/DisclosureSegmentInformationTables Segment Information (Tables) Tables http://www.mrcpvf.com/role/DisclosureSegmentInformation 20 false false R21.htm 40101 - Disclosure - Background and Basis of Presentation (Details) Sheet http://www.mrcpvf.com/role/DisclosureBackgroundAndBasisOfPresentationDetails Background and Basis of Presentation (Details) Details http://www.mrcpvf.com/role/DisclosureBackgroundAndBasisOfPresentationPolicy 21 false false R22.htm 40201 - Disclosure - Inventories (Narrative) (Details) Sheet http://www.mrcpvf.com/role/DisclosureInventoriesNarrativeDetails Inventories (Narrative) (Details) Details http://www.mrcpvf.com/role/DisclosureInventoriesTables 22 false false R23.htm 40202 - Disclosure - Inventories (Composition of Inventory) (Details) Sheet http://www.mrcpvf.com/role/DisclosureInventoriesCompositionOfInventoryDetails Inventories (Composition of Inventory) (Details) Details http://www.mrcpvf.com/role/DisclosureInventoriesTables 23 false false R24.htm 40301 - Disclosure - Long-Term Debt (Narrative) (Details) Sheet http://www.mrcpvf.com/role/DisclosureLongTermDebtNarrativeDetails Long-Term Debt (Narrative) (Details) Details http://www.mrcpvf.com/role/DisclosureLongTermDebtTables 24 false false R25.htm 40302 - Disclosure - Long-Term Debt (Components of Long-Term Debt) (Details) Sheet http://www.mrcpvf.com/role/DisclosureLongTermDebtComponentsOfLongTermDebtDetails Long-Term Debt (Components of Long-Term Debt) (Details) Details http://www.mrcpvf.com/role/DisclosureLongTermDebtTables 25 false false R26.htm 40401 - Disclosure - Income Taxes (Details) Sheet http://www.mrcpvf.com/role/DisclosureIncomeTaxesDetails Income Taxes (Details) Details http://www.mrcpvf.com/role/DisclosureIncomeTaxes 26 false false R27.htm 40501 - Disclosure - Redeemable Preferred Stock (Details) Sheet http://www.mrcpvf.com/role/DisclosureRedeemablePreferredStockDetails Redeemable Preferred Stock (Details) Details http://www.mrcpvf.com/role/DisclosureRedeemablePreferredStock 27 false false R28.htm 40601 - Disclosure - Stockholders' Equity (Narrative) (Details) Sheet http://www.mrcpvf.com/role/DisclosureStockholdersEquityNarrativeDetails Stockholders' Equity (Narrative) (Details) Details http://www.mrcpvf.com/role/DisclosureStockholdersEquityTables 28 false false R29.htm 40602 - Disclosure - Stockholders' Equity (Summary of Share Repurchase Activity) (Details) Sheet http://www.mrcpvf.com/role/DisclosureStockholdersEquitySummaryOfShareRepurchaseActivityDetails Stockholders' Equity (Summary of Share Repurchase Activity) (Details) Details http://www.mrcpvf.com/role/DisclosureStockholdersEquityTables 29 false false R30.htm 40603 - Disclosure - Stockholders' Equity (Accumulated Other Comprehensive Loss in Accompanying Consolidated Balance Sheets) (Details) Sheet http://www.mrcpvf.com/role/DisclosureStockholdersEquityAccumulatedOtherComprehensiveLossInAccompanyingConsolidatedBalanceSheetsDetails Stockholders' Equity (Accumulated Other Comprehensive Loss in Accompanying Consolidated Balance Sheets) (Details) Details http://www.mrcpvf.com/role/DisclosureStockholdersEquityTables 30 false false R31.htm 40604 - Disclosure - Stockholders' Equity (Earnings Per Share) (Details) Sheet http://www.mrcpvf.com/role/DisclosureStockholdersEquityEarningsPerShareDetails Stockholders' Equity (Earnings Per Share) (Details) Details http://www.mrcpvf.com/role/DisclosureStockholdersEquityTables 31 false false R32.htm 40701 - Disclosure - Segment Information (Narrative) (Details) Sheet http://www.mrcpvf.com/role/DisclosureSegmentInformationNarrativeDetails Segment Information (Narrative) (Details) Details http://www.mrcpvf.com/role/DisclosureSegmentInformationTables 32 false false R33.htm 40702 - Disclosure - Segment Information (Schedule of Financial Information for Each Segment) (Details) Sheet http://www.mrcpvf.com/role/DisclosureSegmentInformationScheduleOfFinancialInformationForEachSegmentDetails Segment Information (Schedule of Financial Information for Each Segment) (Details) Details http://www.mrcpvf.com/role/DisclosureSegmentInformationTables 33 false false R34.htm 40703 - Disclosure - Segment Information (Schedule of Net Sales by Product Line) (Details) Sheet http://www.mrcpvf.com/role/DisclosureSegmentInformationScheduleOfNetSalesByProductLineDetails Segment Information (Schedule of Net Sales by Product Line) (Details) Details http://www.mrcpvf.com/role/DisclosureSegmentInformationTables 34 false false R35.htm 40801 - Disclosure - Fair Value Measurements (Details) Sheet http://www.mrcpvf.com/role/DisclosureFairValueMeasurementsDetails Fair Value Measurements (Details) Details http://www.mrcpvf.com/role/DisclosureFairValueMeasurements 35 false false R36.htm 40901 - Disclosure - Commitments and Contingencies (Details) Sheet http://www.mrcpvf.com/role/DisclosureCommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://www.mrcpvf.com/role/DisclosureCommitmentsAndContingencies 36 false false All Reports Book All Reports mrc-20170630.xml mrc-20170630.xsd mrc-20170630_cal.xml mrc-20170630_def.xml mrc-20170630_lab.xml mrc-20170630_pre.xml true true ZIP 53 0001439095-17-000022-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001439095-17-000022-xbrl.zip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�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