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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 464 $ 467
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $108 in 2016 and $113 in 2015 1,693 1,781
Inventories, Net 2,302 2,344
Prepaid Expenses 308 343
Deferred Tax Assets 133 165
Other Current Assets 466 464
Total Current Assets 5,366 5,564
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,437 in 2016 and $7,235 in 2015 5,471 5,679
Goodwill 2,864 2,803
Other Intangible Assets, Net of Accumulated Amortization of $802 in 2016 and $783 in 2015 352 356
Equity Investments 65 76
Other Non-Current Assets 398 282
Total Assets 14,516 14,760
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 1,212 1,582
Accounts Payable 934 948
Accrued Salaries and Benefits 389 406
Income Taxes Payable 107 203
Other Current Liabilities 836 892
Total Current Liabilities 3,478 4,031
Long-term Debt 5,846 5,852
Other Non-Current Liabilities 533 512
Total Liabilities 9,857 10,395
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 895 shares at March 31, 2016 and 779 shares at December 31, 2015 1 1
Capital in Excess of Par Value 6,144 5,502
Retained (Deficit) Earnings (56) 442
Accumulated Other Comprehensive Loss (1,498) (1,641)
Weatherford Shareholders’ Equity 4,591 4,304
Noncontrolling Interests 68 61
Total Shareholders’ Equity 4,659 4,365
Total Liabilities and Shareholders’ Equity $ 14,516 $ 14,760