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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Products $ 848 $ 1,552 $ 2,779 $ 4,488
Services 1,389 2,325 4,642 6,696
Total Revenues 2,237 3,877 7,421 11,184
Costs and Expenses:        
Cost of Products 842 1,260 2,547 3,425
Cost of Services 1,027 1,625 3,540 5,128
Research and Development 56 72 179 216
Selling, General and Administrative Attributable to Segments 291 418 993 1,228
Corporate General and Administrative 53 72 173 205
Long-Lived Assets Impairment and Other Related Charges 17 0 208 143
Goodwill and Equity Investment Impairment 0 (4) 20 121
Restructuring Charges 49 154 159 283
Litigation Charges 0 0 112 0
(Gain) Loss on Sale of Businesses, Net 0 (38) 2 (38)
Total Costs and Expenses 2,335 3,559 7,933 10,711
Operating Income (Loss) (98) 318 (512) 473
Other Income (Expense):        
Interest Expense, Net (114) (122) (351) (376)
Currency Devaluation and Related Charges (26) 0 (68) 0
Other, Net 12 (9) (17) (37)
Income (Loss) Before Income Taxes (226) 187 (948) 60
(Provision) Benefit for Income Taxes 65 (98) 197 (136)
Net Income (Loss) (161) 89 (751) (76)
Net Income Attributable to Noncontrolling Interests 9 12 26 33
Net Income (Loss) Attributable to Weatherford $ (170) $ 77 $ (777) $ (109)
Income (Loss) Per Share Attributable to Weatherford:        
Basic $ (0.22) $ 0.10 $ (1.00) $ (0.14)
Diluted $ (0.22) $ 0.10 $ (1.00) $ (0.14)
Weighted Average Shares Outstanding:        
Basic 779 777 778 776
Diluted 779 784 778 776