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Segment Information (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Financial information by segment
Financial information by segment is summarized below. Revenues are attributable to countries based on the ultimate destination of the sale of products or performance of services. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our Form 10-K.
 
Three Months Ended September 30, 2015
(Dollars in millions)
Net
Operating
Revenues
 
Income
from
Operations
 
Depreciation
and
Amortization
North America
$
824

 
$
(54
)
 
$
87

MENA/Asia Pacific
445

 
2

 
62

Europe/SSA/Russia
361

 
43

 
52

Latin America
421

 
73

 
63

Subtotal
2,051

 
64

 
264

Land Drilling Rigs
186

 
16

 
28

 
2,237

 
80

 
292

Corporate and Research and Development
 
 
(101
)
 
6

Long-Lived Assets Impairment and Other Related Charges (a)
 
 
(17
)
 
 
Restructuring Charges (b)
 
 
(49
)
 
 
Other Items (c)
 
 
(11
)
 
 
Total
$
2,237

 
$
(98
)
 
$
298

(a)
For the three months ended September 30, 2015 includes pressure pumping business related charges of $15 million and supply agreement charges related to a non-core business divestiture of $2 million.
(b)
For the three months ended September 30, 2015, we recognized restructuring charges of $49 million: $9 million in North America, $5 million in MENA/Asia Pacific, $11 million in Europe/SSA/Russia, $10 million in Latin America, $6 million in Land Drilling Rigs and $8 million in Corporate and Research and Development.
(c)
The three months ended September 30, 2015 includes professional and other fees of $7 million, facility closure fees of $2 million, and divestiture related charges of $2 million.
 
Three Months Ended September 30, 2014
(Dollars in millions)
Net
Operating
Revenues
 
Income
from
Operations
 
Depreciation
and
Amortization
North America
$
1,814

 
$
288

 
$
108

MENA/Asia Pacific
633

 
66

 
67

Europe/SSA/Russia
555

 
118

 
52

Latin America
591

 
96

 
57

  Subtotal
3,593

 
568

 
284

Land Drilling Rigs
284

 
7

 
37

 
3,877

 
575

 
321

Corporate and Research and Development
 
 
(117
)
 
6

Goodwill Impairment
 
 
4

 
 
Restructuring Charges (d)
 
 
(154
)
 
 
Gain on Sale of Business, Net
 
 
38

 
 
Other Items (e)
 
 
(28
)
 
 
Total
$
3,877

 
$
318

 
$
327


(d)
For the three months ended September 30, 2014, we recognized restructuring charges of $154 million: $16 million in North America, $111 million in MENA/Asia Pacific, $9 million in Europe/SSA/Russia, $13 million in Latin America and $5 million in Land Drilling Rigs.
(e)
The three months ended September 30, 2014 includes professional fees related to the divestiture of our non-core businesses, restatement related litigation, the settlement of the U.S. government investigations and other charges.
 
Nine Months Ended September 30, 2015
(Dollars in millions)
Net
Operating
Revenues
 
Income
from
Operations
 
Depreciation
and
Amortization
North America
$
2,795

 
$
(156
)
 
$
289

MENA/Asia Pacific
1,494

 
45

 
193

Europe/SSA/Russia
1,196

 
179

 
155

Latin America
1,370

 
247

 
186

Subtotal
6,855

 
315

 
823

Land Drilling Rigs
566

 
30

 
84

 
7,421

 
345

 
907

Corporate and Research and Development
 
 
(326
)
 
18

Long-Lived Assets Impairment and Other Related Charges (a)
 
 
(208
)
 
 
Equity Investment Impairment
 
 
(20
)
 
 
Restructuring Charges (b)
 
 
(159
)
 
 
Litigation Charges
 
 
(112
)
 
 
Loss on Sale of Businesses, Net
 
 
(2
)
 
 
Other Items (c)
 
 
(30
)
 
 
Total
$
7,421

 
$
(512
)
 
$
925


(a)
The nine months ended September 30, 2015 includes asset impairment charges of $124 million, pressure pumping business related charges of $52 million and supply agreement charges related to a non-core business divestiture of $32 million.
(b)
For the nine months ended September 30, 2015, we recognized restructuring charges of $159 million: $38 million in North America, $40 million in MENA/Asia Pacific, $32 million in Europe/SSA/Russia, $26 million in Latin America, $12 million in Land Drilling Rigs and $11 million in Corporate and Research and Development.
(c)
The nine months ended September 30, 2015 includes professional and other fees of $18 million, facility closure fees of $5 million, and divestiture related charges of $7 million.
 
Nine Months Ended September 30, 2014
(Dollars in millions)
Net
Operating
Revenues
 
Income
from
Operations
 
Depreciation
and
Amortization
North America
$
5,083

 
$
728

 
$
322

MENA/Asia Pacific
1,831

 
132

 
210

Europe/SSA/Russia
1,632

 
301

 
163

Latin America
1,618

 
262

 
176

Subtotal
10,164

 
1,423

 
871

Land Drilling Rigs
1,020

 
(16
)
 
145

 
11,184

 
1,407

 
1,016

Corporate and Research and Development
 
 
(353
)
 
17

Long-Lived Assets Impairment
 
 
(143
)
 
 
Goodwill Impairment
 
 
(121
)
 
 
Restructuring Charges (d)
 
 
(283
)
 
 
Gain on Sale of Business, Net
 
 
38

 
 
Other Items (e)
 
 
(72
)
 
 
Total
$
11,184

 
$
473

 
$
1,033

(d)
For the nine months ended September 30, 2014, we recognized restructuring charges of $283 million: $44 million in North America, $128 million in MENA/Asia Pacific, $36 million in Europe/SSA/Russia, $36 million in Latin America, $9 million in Land Drilling Rigs and $30 million in Corporate and Research and Development.
(e)
The nine months ended September 30, 2014 includes professional fees of $64 million related to the divestiture of our non-core businesses, restatement related litigation, the settlement of the U.S. government investigations, the remediation of our material weakness related to income taxes and our 2014 redomestication from Switzerland to Ireland and other charges of $8 million.