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Business Segments (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Summary of Financial Information of Company's Reportable Segments

The following table presents financial information for each of the Company’s reportable segments as of and for the year ended December 31 (in millions):

 

 

 

United States

 

 

Canada

 

 

International

 

 

Total

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

1,914

 

 

$

356

 

 

$

378

 

 

$

2,648

 

Operating profit (loss)

 

 

(53

)

 

 

13

 

 

 

(1

)

 

 

(41

)

Depreciation and amortization

 

 

37

 

 

 

3

 

 

 

10

 

 

 

50

 

Property, plant and equipment, net

 

 

81

 

 

 

14

 

 

 

24

 

 

 

119

 

Total assets

 

 

1,207

 

 

 

401

 

 

 

141

 

 

 

1,749

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

1,445

 

 

$

258

 

 

$

404

 

 

$

2,107

 

Operating loss

 

 

(192

)

 

 

(18

)

 

 

(12

)

 

 

(222

)

Depreciation and amortization

 

 

40

 

 

 

3

 

 

 

10

 

 

 

53

 

Property, plant and equipment, net

 

 

104

 

 

 

15

 

 

 

24

 

 

 

143

 

Total assets

 

 

1,112

 

 

 

306

 

 

 

185

 

 

 

1,603

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

2,027

 

 

$

378

 

 

$

605

 

 

$

3,010

 

Operating profit (loss)

 

 

(515

)

 

 

(1

)

 

 

6

 

 

 

(510

)

Impairment of goodwill

 

 

(393

)

 

 

 

 

 

 

 

 

(393

)

Depreciation and amortization

 

 

26

 

 

 

3

 

 

 

9

 

 

 

38

 

Property, plant and equipment, net

 

 

119

 

 

 

16

 

 

 

30

 

 

 

165

 

Total assets

 

 

1,266

 

 

 

300

 

 

 

266

 

 

 

1,832

 

 

Schedule of Comparison of Approximate Sales Mix in Principal Product Categories

The following table presents a comparison of the approximate sales mix in the principal product categories (in millions):

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Product Category

 

 

 

 

 

 

 

 

 

 

 

 

Drilling and production

 

$

625

 

 

$

496

 

 

$

632

 

Pipe

 

 

418

 

 

 

287

 

 

 

509

 

Valves

 

 

541

 

 

 

374

 

 

 

538

 

Fittings and flanges

 

 

419

 

 

 

350

 

 

 

448

 

Mill tool, MRO, safety and other

 

 

645

 

 

 

600

 

 

 

883

 

Total

 

$

2,648

 

 

$

2,107

 

 

$

3,010