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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and Cash Equivalents $ 467 $ 474
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $113 in 2015 and $108 in 2014 1,781 3,015
Inventories, Net 2,344 3,087
Prepaid Expenses 343 357
Deferred Tax Assets 165 303
Other Current Assets 464 708
Total Current Assets 5,564 7,944
Land, Buildings and Leasehold Improvements 1,780 1,836
Rental and Service Equipment 8,702 9,714
Machinery and Other 2,432 2,468
Property, Plant and Equipment, Gross 12,914 14,018
Less: Accumulated Depreciation 7,235 6,895
Property, Plant and Equipment, Net 5,679 7,123
Goodwill 2,803 3,011
Other Intangible Assets, Net 356 440
Equity Investments 76 106
Other Non-current Assets 309 265
Total Assets 14,787 18,889
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 1,582 727
Accounts Payable 948 1,736
Accrued Salaries and Benefits 406 425
Income Taxes Payable 203 230
Other Current Liabilities 892 909
Total Current Liabilities 4,031 4,027
Long-term Debt 5,879 6,798
Other Non-current Liabilities 512 1,031
Total Liabilities 10,422 11,856
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 779 shares and 774 shares at December 31, 2015 and 2014, respectively 1 1
Capital in Excess of Par Value 5,502 5,411
Retained Earnings 442 2,427
Accumulated Other Comprehensive Loss (1,641) (881)
Weatherford Shareholders’ Equity 4,304 6,958
Noncontrolling Interests 61 75
Total Shareholders’ Equity 4,365 7,033
Total Liabilities and Shareholders’ Equity $ 14,787 $ 18,889