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Consolidating Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
December 31, 2014

 (Dollars in Millions)
Weatherford
Ireland
 
Weatherford
Bermuda
 
Weatherford
Delaware
 
Other
Subsidiaries
 
Eliminations
 
Consolidation
Current Assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
1

 
$
—

 
$
22

 
$
451

 
$
—

 
$
474

Other Current Assets
4

 
12

 
544

 
7,524

 
(614
)
 
7,470

Total Current Assets
5

 
12

 
566

 
7,975

 
(614
)
 
7,944

 
 
 
 
 
 
 
 
 
 
 
 
Equity Investments in Affiliates
8,662

 
10,490

 
9,730

 
3,974

 
(32,856
)
 
—

Intercompany Receivables, Net
—

 
—

 
—

 
10,490

 
(10,490
)
 
—

Other Assets
5

 
35

 
16

 
10,889

 
—

 
10,945

Total Assets
$
8,672

 
$
10,537

 
$
10,312

 
$
33,328

 
$
(43,960
)
 
$
18,889

 
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities:
 

 
 

 
 

 
 

 
 

 
 

Short-term Borrowings and Current Portion of Long-Term Debt
$
—

 
$
618

 
$
6

 
$
103

 
$
—

 
$
727

Accounts Payable and Other Current Liabilities
43

 
256

 
—

 
3,615

 
(614
)
 
3,300

Total Current Liabilities
43

 
874

 
6

 
3,718

 
(614
)
 
4,027

 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt
—

 
5,749

 
911

 
137

 
1

 
6,798

Intercompany Payables, Net
1,666

 
6,202

 
2,622

 
—

 
(10,490
)
 
—

Other Long-term Liabilities
5

 
82

 
5

 
939

 
—

 
1,031

Total Liabilities
1,714

 
12,907

 
3,544

 
4,794

 
(11,103
)
 
11,856

 
 
 
 
 
 
 
 
 
 
 
 
Weatherford Shareholders’ Equity
6,958

 
(2,370
)
 
6,768

 
28,459

 
(32,857
)
 
6,958

Noncontrolling Interests
—

 
—

 
—

 
75

 
—

 
75

Total Liabilities and Shareholders’ Equity
$
8,672

 
$
10,537

 
$
10,312

 
$
33,328

 
$
(43,960
)
 
$
18,889

Condensed Consolidating Balance Sheet
December 31, 2013

 (Dollars in Millions)
Weatherford
Switzerland
 
Weatherford
Bermuda
 
Weatherford
Delaware
 
Other
Subsidiaries
 
Eliminations
 
Consolidation
Current Assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
—

 
$
—

 
$
—

 
$
435

 
$
—

 
$
435

Other Current Assets
57

 
5

 
415

 
9,430

 
(408
)
 
9,499

Total Current Assets
57

 
5

 
415

 
9,865

 
(408
)
 
9,934

 
 
 
 
 
 
 
 
 
 
 
 
Equity Investments in Affiliates
8,663

 
11,742

 
8,065

 
6,466

 
(34,936
)
 
—

Equity Held in Parent
—

 
—

 
10

 
27

 
(37
)
 
—

Intercompany Receivables, Net
—

 
—

 
—

 
7,304

 
(7,304
)
 
—

Other Assets
7

 
41

 
17

 
11,978

 
—

 
12,043

Total Assets
$
8,727

 
$
11,788

 
$
8,507

 
$
35,640

 
$
(42,685
)
 
$
21,977

 
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities:
 

 
 

 
 

 
 

 
 

 
 

Short-term Borrowings and Current Portion of Long-Term Debt
$
—

 
$
1,445

 
$
23

 
$
185

 
$
—

 
$
1,653

Accounts Payable and Other Current Liabilities
312

 
129

 
—

 
4,071

 
(408
)
 
4,104

Total Current Liabilities
312

 
1,574

 
23

 
4,256

 
(408
)
 
5,757

 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt
—

 
5,891

 
986

 
184

 
—

 
7,061

Intercompany Payables, Net
243

 
6,755

 
306

 
—

 
(7,304
)
 
—

Other Long-term Liabilities
10

 
97

 
2

 
847

 
—

 
956

Total Liabilities
565

 
14,317

 
1,317

 
5,287

 
(7,712
)
 
13,774

 
 
 
 
 
 
 
 
 
 
 
 
Weatherford Shareholders’ Equity
8,162

 
(2,529
)
 
7,190

 
30,312

 
(34,973
)
 
8,162

Noncontrolling Interests
—

 
—

 
—

 
41

 
—

 
41

Total Liabilities and Shareholders’ Equity
$
8,727

 
$
11,788

 
$
8,507

 
$
35,640

 
$
(42,685
)
 
$
21,977
Condensed Consolidating Statement of Operations

 
 
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
 
 (Dollars in Millions)
Weatherford
Ireland
 
Weatherford
Bermuda
 
Weatherford
Delaware
 
Other
Subsidiaries
 
Eliminations
 
Consolidation
Cash Flows from Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
$
(584
)
 
$
6,441

 
$
215

 
$
(8,936
)
 
$
2,325

 
$
(539
)
Adjustments to Reconcile Net Income(Loss) to Net Cash Provided (Used) by Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
Charges from Parent or Subsidiary
99

 
(7,291
)
 
266

 
8,802

 
(1,876
)
 
—

Equity in (Earnings) Loss of Affiliates
424

 
430

 
(407
)
 
2

 
(449
)
 
—

Deferred Income Tax Provision (Benefit)
—

 
—

 
(25
)
 
(41
)
 
—

 
(66
)
Other Adjustments
23

 
(180
)
 
(42
)
 
1,767

 
—

 
1,568

Net Cash Provided (Used) by Operating Activities
(38
)
 
(600
)
 
7

 
1,594

 
—

 
963

Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for Property, Plant and Equipment
—

 
—

 
—

 
(1,450
)
 
—

 
(1,450
)
Acquisitions of Businesses, Net of Cash Acquired
—

 
—

 
—

 
18

 
—

 
18

Acquisition of Intellectual Property
—

 
—

 
—

 
(5
)
 
—

 
(5
)
Purchase of Equity Investment in Unconsolidated Affiliates
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Proceeds from Sale of Assets and Businesses, Net
—

 
—

 
—

 
1,770

 
—

 
1,770

Net Cash Provided (Used) by Investing Activities
—

 
—

 
—

 
330

 
—

 
330

Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 
 
 
 
Borrowings (Repayments) Short-term Debt, Net
—

 
(827
)
 
—

 
(97
)
 
—

 
(924
)
Borrowings (Repayments) Long-term Debt, Net
—

 
(153
)
 
(92
)
 
(14
)
 
—

 
(259
)
Borrowings (Repayments) Between Subsidiaries, Net
39

 
1,580

 
107

 
(1,726
)
 
—

 
—

Proceeds from Capital Contributions
—

 
—

 
—

 
22

 
—

 
22

Other, Net
—

 
—

 
—

 
(19
)
 
—

 
(19
)
Net Cash Provided (Used) by Financing Activities
39

 
600

 
15

 
(1,834
)
 
—

 
(1,180
)
Effect of Exchange Rate Changes On Cash and Cash Equivalents
—

 
—

 
—

 
(74
)
 
—

 
(74
)
Net Increase in Cash and Cash Equivalents
1

 
—

 
22

 
16

 
—

 
39

Cash and Cash Equivalents at Beginning of Year
—

 
—

 
—

 
435

 
—

 
435

Cash and Cash Equivalents at End of Year
$
1

 
$
—

 
$
22

 
$
451

 
$
—

 
$
474

 
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013

 (Dollars in Millions)
Weatherford
Switzerland
 
Weatherford
Bermuda
 
Weatherford
Delaware
 
Other
Subsidiaries
 
Eliminations
 
Consolidation
Cash Flows from Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
$
(345
)
 
$
(521
)
 
$
203

 
$
598

 
$
(249
)
 
$
(314
)
Adjustments to Reconcile Net Income(Loss) to Net Cash Provided (Used) by Operating Activities:
 

 
 

 
 

 
 

 
 

 
 
Charges from Parent or Subsidiary
53

 
(49
)
 
337

 
(341
)
 
—

 
—

Equity in (Earnings) Loss of Affiliates
242

 
(30
)
 
(461
)
 
—

 
249

 
—

Deferred Income Tax Provision (Benefit)
—

 
—

 
28

 
(61
)
 
—

 
(33
)
Other Adjustments
(48
)
 
748

 
470

 
406

 
—

 
1,576

Net Cash Provided (Used) by Operating Activities
(98
)
 
148

 
577

 
602

 
—

 
1,229

Cash Flows from Investing Activities:
 

 
 

 
 

 
 

 
 

 
 

Capital Expenditures for Property, Plant and Equipment
—

 
—

 
—

 
(1,575
)
 
—

 
(1,575
)
Acquisitions of Businesses, Net of Cash Acquired
—

 
—

 
—

 
(8
)
 
—

 
(8
)
Acquisition of Intellectual Property
—

 
—

 
—

 
(9
)
 
—

 
(9
)
Purchase of Equity Investment in Unconsolidated Affiliates
—

 
—

 
—

 
—

 
—

 
—

Proceeds from Sale of Assets and Businesses, Net
—

 
—

 
—

 
488

 
—

 
488

Capital Contribution to Subsidiary
—

 
(1,181
)
 
—

 
—

 
1,181

 
—

Net Cash Provided (Used) by Investing Activities
—

 
(1,181
)
 
—

 
(1,104
)
 
1,181

 
(1,104
)
Cash Flows from Financing Activities:
 

 
 

 
 

 
 

 
 

 
 

Borrowings (Repayments) Short-term Debt, Net
—

 
550

 
(4
)
 
66

 
—

 
612

Borrowings (Repayments) Long-term Debt, Net
—

 
(544
)
 
(30
)
 
(26
)
 
—

 
(600
)
Borrowings (Repayments) Between Subsidiaries, Net
100

 
1,027

 
(565
)
 
(562
)
 
—

 
—

Proceeds from Capital Contributions
—

 
—

 
—

 
1,181

 
(1,181
)
 
—

Other, Net
(2
)
 
—

 
22

 
(26
)
 
—

 
(6
)
Net Cash Provided (Used) by Financing Activities
98

 
1,033

 
(577
)
 
633

 
(1,181
)
 
6

Effect of Exchange Rate Changes On Cash and Cash Equivalents
—

 
—

 
—

 
4

 
—

 
4

Net Increase in Cash and Cash Equivalents
—

 
—

 
—

 
135

 
—

 
135

Cash and Cash Equivalents at Beginning of Year
—

 
—

 
—

 
300

 
—

 
300

Cash and Cash Equivalents at End of Year
$
—

 
$
—

 
$
—

 
$
435

 
$
—

 
$
435


Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2012

 (Dollars in Millions)
Weatherford
Switzerland
 
Weatherford
Bermuda
 
Weatherford
Delaware
 
Other
Subsidiaries
 
Eliminations
 
Consolidation
Cash Flows from Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
$
(778
)
 
$
(1,197
)
 
$
(294
)
 
$
35

 
$
1,484

 
$
(750
)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
Charges from Parent or Subsidiary
28

 
(53
)
 
233

 
(208
)
 
—

 
—

Equity in (Earnings) Loss of Affiliates
689

 
701

 
94

 
—

 
(1,484
)
 
—

Deferred Income Tax (Provision) Benefit
—

 
—

 
10

 
(23
)
 
—

 
(13
)
Other Adjustments
50

 
35

 
472

 
1,427

 
—

 
1,984

Net Cash Provided (Used) by Operating Activities
(11
)
 
(514
)
 
515

 
1,231

 
—

 
1,221

Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for Property, Plant and Equipment
—

 
—

 
—

 
(2,177
)
 
—

 
(2,177
)
Acquisitions of Businesses, Net of Cash Acquired
(30
)
 
—

 
—

 
(135
)
 
—

 
(165
)
Acquisition of Intellectual Property
—

 
—

 
—

 
(17
)
 
—

 
(17
)
Acquisition of Equity Investments in Unconsolidated Affiliates
—

 
—

 
—

 
(8
)
 
—

 
(8
)
Proceeds from Sale of Assets and Businesses, Net
—

 
—

 
—

 
61

 
—

 
61

Capital Contribution to Subsidiary
(30
)
 
(85
)
 
(118
)
 
118

 
115

 
—

Net Cash Provided (Used) by Investing Activities
(60
)
 
(85
)
 
(118
)
 
(2,158
)
 
115

 
(2,306
)
Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 
 
 
 
Borrowings (Repayments) Short-term Debt, Net
—

 
(108
)
 
—

 
95

 
—

 
(13
)
Borrowings (Repayments) Long-term Debt, Net
—

 
1,295

 
(296
)
 
4

 
—

 
1,003

Borrowings (Repayments) Between Subsidiaries, Net
71

 
(588
)
 
(101
)
 
618

 
—

 
—

Proceeds from Capital Contribution
—

 
—

 
—

 
115

 
(115
)
 
—

Other, Net
—

 
—

 
—

 
22

 
—

 
22

Net Cash Provided (Used) by Financing Activities
71

 
599

 
(397
)
 
854

 
(115
)
 
1,012

Effect of Exchange Rate Changes on Cash and Cash Equivalents
—

 
—

 
—

 
2

 
—

 
2

Net Increase (Decrease) in Cash and Cash Equivalents
—

 
—

 
—

 
(71
)
 
—

 
(71
)
Cash and Cash Equivalents at Beginning of Period
—

 
—

 
—

 
371

 
—

 
371

Cash and Cash Equivalents at End of Period
$
—

 
$
—

 
$
—

 
$
300

 
$
—

 
$
300