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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
 
2015 Quarters
 
 
(Dollars in millions, except per share amounts)
First
 
Second
 
Third
 
Fourth
 
Total
Revenues
$
2,794

 
$
2,390

 
$
2,237

 
$
2,012

 
$
9,433

Gross Profit
592

 
374

 
368

 
78

 
1,412

Net Loss Attributable to Weatherford (e)
(118
)
(a) 
(489
)
(b) 
(170
)
(c) 
(1,208
)
(d) 
(1,985
)
 
 
 
 
 
 
 
 
 
 
Basic Loss Per Share
(0.15
)
 
(0.63
)
 
(0.22
)
 
(1.54
)
 
(2.55
)
Diluted Loss Per Share
(0.15
)
 
(0.63
)
 
(0.22
)
 
(1.54
)
 
(2.55
)
(a)
Includes charges of $59 million primarily related to severance and restructuring charges.
(b)
Includes charges of $395 million primarily related to long-lived asset impairments, litigation, and severance and restructuring.
(c)
Includes charges of $77 million primarily related to severance and restructuring and supply contracts.
(d)
Includes $668 million primarily related to long-lived asset impairments, severance and restructuring and supply contracts, a $265 million charge for a non-cash tax expense on distribution of subsidiary earnings and $217 million of inventory write-downs.
(e)
Includes estimated project income of $42 million, for the first quarter of 2015, estimated project loss of $69 million, $44 million and $82 million for the second, third and fourth quarter of 2015, respectively, from our long-term early production facility construction contracts.
 
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 (j)
(41
)
(f) 
(145
)
(g) 
77

(h)  
(475
)
(i)  
(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
)

(f)
Includes charges of $96 million primarily related to severance and restructuring.
(g)
Includes charges of $345 million primarily related to long-lived asset and goodwill impairments, and severance and restructuring.
(h)
Includes net charges of $140 million primarily related to severance and restructuring and gain on sale of business.
(i)
Includes net charges of $169 million primarily related to long-lived asset impairments, severance and restructuring, gain on sale of business and equity investment of $311 million and $245 million of foreign currency related charges.
(j)
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, from our long-term early production facility construction contracts.