XML 68 R114.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Financial Data (Unaudited) (Narrative) (Details)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Jun. 30, 2012
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Dec. 31, 2014
Venezuelan Bolivar [Member]
USD ($)
Mar. 31, 2013
Venezuelan Bolivar [Member]
USD ($)
Dec. 31, 2014
Venezuelan Bolivar [Member]
USD ($)
Dec. 31, 2013
Venezuelan Bolivar [Member]
USD ($)
Feb. 13, 2013
Venezuelan Bolivar [Member]
VEB
Feb. 12, 2013
Venezuelan Bolivar [Member]
VEB
Dec. 31, 2014
Iraq [Member]
USD ($)
Sep. 30, 2014
Iraq [Member]
USD ($)
Jun. 30, 2014
Iraq [Member]
USD ($)
Mar. 31, 2014
Iraq [Member]
USD ($)
Dec. 31, 2013
Iraq [Member]
USD ($)
Sep. 30, 2013
Iraq [Member]
USD ($)
Jun. 30, 2013
Iraq [Member]
USD ($)
Mar. 31, 2013
Iraq [Member]
USD ($)
Dec. 31, 2014
Iraq [Member]
USD ($)
Dec. 31, 2013
Iraq [Member]
USD ($)
Dec. 31, 2012
Iraq [Member]
USD ($)
Dec. 31, 2013
Petroleos de Venezuela, S.A. [Member]
Customer Concentration Risk [Member]
Accounts Receivable [Member]
USD ($)
Dec. 31, 2012
Subsea Controls Business [Member]
USD ($)
Loss Contingencies [Line Items]                                                      
Restructuring Charges $ 58us-gaap_RestructuringCharges $ 154us-gaap_RestructuringCharges $ 59us-gaap_RestructuringCharges $ 70us-gaap_RestructuringCharges   $ 331us-gaap_RestructuringCharges $ 0us-gaap_RestructuringCharges $ 0us-gaap_RestructuringCharges                                      
Asset Impairment Charges (40)us-gaap_AssetImpairmentCharges   (143)us-gaap_AssetImpairmentCharges                                                
Amount Recognized in Income Due to Inflationary Accounting, Net of Tax                 (245)wft_AmountRecognizedinIncomeDuetoInflationaryAccountingNetofTax
/ us-gaap_CurrencyAxis
= currency_VEF
  (252)wft_AmountRecognizedinIncomeDuetoInflationaryAccountingNetofTax
/ us-gaap_CurrencyAxis
= currency_VEF
(94)wft_AmountRecognizedinIncomeDuetoInflationaryAccountingNetofTax
/ us-gaap_CurrencyAxis
= currency_VEF
                             
Gain (Loss) on Disposition of Assets   38us-gaap_GainLossOnDispositionOfAssets1       349us-gaap_GainLossOnDispositionOfAssets1 (6)us-gaap_GainLossOnDispositionOfAssets1 9us-gaap_GainLossOnDispositionOfAssets1                                      
Foreign Currency Exchange Rate, Translation                         6.30us-gaap_ForeignCurrencyExchangeRateTranslation1
/ us-gaap_CurrencyAxis
= currency_VEF
4.30us-gaap_ForeignCurrencyExchangeRateTranslation1
/ us-gaap_CurrencyAxis
= currency_VEF
                         
Currency devaluation expense                   100us-gaap_AmountRecognizedInIncomeDueToInflationaryAccounting
/ us-gaap_CurrencyAxis
= currency_VEF
245us-gaap_AmountRecognizedInIncomeDueToInflationaryAccounting
/ us-gaap_CurrencyAxis
= currency_VEF
100us-gaap_AmountRecognizedInIncomeDueToInflationaryAccounting
/ us-gaap_CurrencyAxis
= currency_VEF
                             
Operating Income (Loss)           505us-gaap_OperatingIncomeLoss 523us-gaap_OperatingIncomeLoss [1] 298us-gaap_OperatingIncomeLoss                                      
Loss contingency accrual, provision           0us-gaap_LossContingencyAccrualProvision 153us-gaap_LossContingencyAccrualProvision 100us-gaap_LossContingencyAccrualProvision                                      
Gain (loss) on sale of bonds                                                   (58)us-gaap_TradingSecuritiesRealizedGainLoss
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_AccountsReceivableMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CustomerConcentrationRiskMember
/ us-gaap_MajorCustomersAxis
= wft_PetroleosDeVenezuelaSMember
 
Increase (decrease) in accounts receivable           (78)us-gaap_IncreaseDecreaseInAccountsReceivable 12us-gaap_IncreaseDecreaseInAccountsReceivable 705us-gaap_IncreaseDecreaseInAccountsReceivable                                   (127)us-gaap_IncreaseDecreaseInAccountsReceivable
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_AccountsReceivableMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CustomerConcentrationRiskMember
/ us-gaap_MajorCustomersAxis
= wft_PetroleosDeVenezuelaSMember
 
Gain on Project                                           (7)wft_GainonProject
/ us-gaap_StatementGeographicalAxis
= country_IQ
         
Loss on contracts                             (34)us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
(10)us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
(2)us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
(26)us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
148us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
85us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
6us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
  72us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
232us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
100us-gaap_LossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
   
Estimated loss on long term construction contract                             379us-gaap_ProvisionForLossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
      307us-gaap_ProvisionForLossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
      379us-gaap_ProvisionForLossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
307us-gaap_ProvisionForLossOnContracts
/ us-gaap_StatementGeographicalAxis
= country_IQ
     
Goodwill, Impairment Loss 40us-gaap_GoodwillImpairmentLoss   (125)us-gaap_GoodwillImpairmentLoss     66us-gaap_GoodwillImpairmentLoss   589us-gaap_GoodwillImpairmentLoss                                      
Impairment of equity investments         204us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment                                            
Gain (loss) on sale of business $ 311us-gaap_GainLossOnSaleOfBusiness         $ 349us-gaap_GainLossOnSaleOfBusiness $ 24us-gaap_GainLossOnSaleOfBusiness $ 28us-gaap_GainLossOnSaleOfBusiness                                     $ 28us-gaap_GainLossOnSaleOfBusiness
/ us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis
= wft_SubseaControlsBusinessMember
[1] Includes income tax restatement and material weakness remediation expenses of $103 million, $13 million of costs incurred in connection with U.S. government investigations, $11 million of non-recurring fees and expenses associated with our 2012 debt consent solicitation and severance, exit and other charges of $79 million.