XML 53 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Products $ 1,040us-gaap_SalesRevenueGoodsNet $ 1,446us-gaap_SalesRevenueGoodsNet
Services 1,754us-gaap_SalesRevenueServicesNet 2,150us-gaap_SalesRevenueServicesNet
Total Revenues 2,794us-gaap_SalesRevenueNet 3,596us-gaap_SalesRevenueNet
Costs and Expenses:    
Cost of Products 903us-gaap_CostOfGoodsSold 1,064us-gaap_CostOfGoodsSold
Cost of Services 1,299us-gaap_CostOfServices 1,775us-gaap_CostOfServices
Research and Development 64us-gaap_ResearchAndDevelopmentExpense 69us-gaap_ResearchAndDevelopmentExpense
Selling, General and Administrative Attributable to Segments 363wft_SellingGeneralandAdministrativeExpensePortionAttributabletoSegments 414wft_SellingGeneralandAdministrativeExpensePortionAttributabletoSegments
Corporate General and Administrative 77us-gaap_GeneralAndAdministrativeExpense 74us-gaap_GeneralAndAdministrativeExpense
Restructuring Charges 41us-gaap_RestructuringCharges 70us-gaap_RestructuringCharges
Gain on Sale of Businesses 3us-gaap_GainLossOnSaleOfBusiness 0us-gaap_GainLossOnSaleOfBusiness
Total Costs and Expenses 2,744us-gaap_CostsAndExpenses 3,466us-gaap_CostsAndExpenses
Operating Income (Loss) 50us-gaap_OperatingIncomeLoss 130us-gaap_OperatingIncomeLoss
Other Income (Expense):    
Interest Expense, Net (120)us-gaap_InterestIncomeExpenseNonoperatingNet (126)us-gaap_InterestIncomeExpenseNonoperatingNet
Devaluation of Venezuelan Bolivar (26)wft_ForeignCurrencyDevaluationLossbeforeTax 0wft_ForeignCurrencyDevaluationLossbeforeTax
Other, Net (11)us-gaap_OtherNonoperatingIncomeExpense (9)us-gaap_OtherNonoperatingIncomeExpense
Loss Before Income Taxes (107)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (5)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for Income Taxes 0us-gaap_IncomeTaxExpenseBenefit (27)us-gaap_IncomeTaxExpenseBenefit
Net Loss (107)us-gaap_ProfitLoss (32)us-gaap_ProfitLoss
Net Income Attributable to Noncontrolling Interests (11)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (9)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net Income (Loss) Attributable to Weatherford $ (118)us-gaap_NetIncomeLoss $ (41)us-gaap_NetIncomeLoss
Loss Per Share Attributable to Weatherford:    
Basic (in dollars per share) $ (0.15)us-gaap_EarningsPerShareBasic $ (0.05)us-gaap_EarningsPerShareBasic
Weighted Average Shares Outstanding:    
Basic (in shares) 778us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 776us-gaap_WeightedAverageNumberOfSharesOutstandingBasic