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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and Cash Equivalents $ 582 $ 435
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $100 and $106 3,315 3,399
Inventories, Net 3,317 3,290
Deferred Tax Assets 291 297
Other Current Assets 1,182 1,052
Current Assets Held for Sale 240 1,311
Total Current Assets 8,927 9,784
Property, Plant and Equipment, Net of Accumulated Depreciation of $6,801 and $6,370 7,460 7,592
Goodwill 3,375 3,489
Other Intangible Assets, Net of Accumulated Amortization of $794 and $725 530 616
Equity Investments 266 296
Other Non-Current Assets 169 200
Total Assets 20,727 21,977
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 1,715 1,653
Accounts Payable 1,784 1,956
Accrued Salaries and Benefits 442 472
Billings in Excess of Costs and Estimated Earnings 0 127
Income Taxes Payable 130 183
Other Current Liabilities 807 1,109
Current Liabilities Held for Sale 0 238
Total Current Liabilities 4,878 5,738
Long-term Debt 7,004 7,061
Other Non-Current Liabilities 903 975
Total Liabilities 12,785 13,774
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 774 shares at September 30, 2014 and Par Value 1.16 Swiss Francs; Authorized 840 shares, Conditionally Authorized 372 shares, Issued 840 shares, Outstanding 767 shares at December 31, 2013 1 775
Capital in Excess of Par Value 5,390 4,600
Retained Earnings 2,902 3,011
Accumulated Other Comprehensive Loss (430) (187)
Treasury Shares, 0 shares and 73 shares, at cost, at September 30, 2014 and December 31, 2013, respectively 0 (37)
Weatherford Shareholders’ Equity 7,863 8,162
Noncontrolling Interests 79 41
Total Shareholders’ Equity 7,942 8,203
Total Liabilities and Shareholders’ Equity $ 20,727 $ 21,977