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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
 
2014 Quarters
 
 
(Dollars in millions, except per share amounts)
First
 
Second
 
Third
 
Fourth
 
Total
Revenues
$
3,596

 
$
3,711

 
$
3,877

 
$
3,727

 
$
14,911

Gross Profit
757

 
882

 
992

 
819

 
3,450

Net Income (Loss) Attributable to Weatherford (e)
(41
)
(a) 
(145
)
(b) 
77

(c) 
(475
)
(d) 
(584
)
 
 
 
 
 
 
 
 
 
 
Basic Earnings (Loss) Per Share
(0.05
)
 
(0.19
)
 
0.10

 
(0.61
)
 
(0.75
)
Diluted Earnings (Loss) Per Share
(0.05
)
 
(0.19
)
 
0.10

 
(0.61
)
 
(0.75
)
(a)
Includes restructuring charges of $70 million.
(b)
Includes restructuring charges of $59 million, and long-lived assets and goodwill impairment charges of $143 million and $125 million, respectively.
(c)
Includes restructuring charges of $154 million and a gain of $38 million primarily related to the sale of our pipeline and specialty services business and land drilling and workover rigs in Russia and Venezuela.
(d)
Includes a long-lived asset impairment charge of $352 million, a goodwill impairment charge of $40 million, a $245 million charge related to adopting the SICAD II exchange rate, a gain of $311 million primarily related to the sale of our engineered chemistry and Integrity drilling fluids businesses and the disposal of all of our shares in Proserv. This also includes restructuring charges of $58 million associated with our 2015 plan.
(e)
Includes estimated project losses of $26 million, $2 million, $10 million and $34 million for the first, second, third and fourth quarter of 2014, respectively. These charges were related to our long-term early production facility construction contracts in Iraq accounted for under the percentage of completion method.
 
2013 Quarters
 
 
(Dollars in millions, except per share amounts)
First
 
Second
 
Third
 
Fourth
 
Total
Revenues
$
3,837

 
$
3,868

 
$
3,820

 
$
3,738

 
$
15,263

Gross Profit
831

 
742

 
784

 
604

 
2,961

Net Income (Loss) Attributable to Weatherford (i)
22

(f) 
(118
)
(g) 
22

 
(271
)
(h)  
(345
)
 
 
 
 
 
 
 
 
 
 
Basic Earnings (Loss) Per Share
0.03

 
(0.15
)
 
0.03

 
(0.35
)
 
(0.45
)
Diluted Earnings (Loss) Per Share
0.03

 
(0.15
)
 
0.03

 
(0.35
)
 
(0.45
)