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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Products $ 479 $ 891 $ 1,039 $ 1,931
Services 923 1,499 1,948 3,253
Total Revenues 1,402 2,390 2,987 5,184
Costs and Expenses:        
Cost of Products 513 802 1,095 1,705
Cost of Services 725 1,214 1,617 2,513
Research and Development 41 59 86 123
Selling, General and Administrative Attributable to Segments 230 339 499 702
Corporate General and Administrative 34 53 76 120
Asset Write-Downs and Other Charges 154 181 211 191
Equity Investment Impairment 0 20 0 20
Restructuring Charges 51 69 128 110
Litigation Charges, Net 114 112 181 112
Loss on Sale of Businesses, Net 0 5 1 2
Total Costs and Expenses 1,862 2,854 3,894 5,598
Operating Income (Loss) (460) (464) (907) (414)
Other Income (Expense):        
Interest Expense, Net (119) (117) (234) (237)
Bond Tender Premium, Net (78) 0 (78) 0
Currency Devaluation Charges 0 (16) (31) (42)
Other, Net (7) (18) (6) (29)
Loss Before Income Taxes (664) (615) (1,256) (722)
Income Tax Benefit 102 132 203 132
Net Loss (562) (483) (1,053) (590)
Net Income Attributable to Noncontrolling Interests 3 6 10 17
Net Income (Loss) Attributable to Weatherford $ (565) $ (489) $ (1,063) $ (607)
Loss Per Share Attributable to Weatherford:        
Basic $ (0.63) $ (0.63) $ (1.24) $ (0.78)
Diluted $ (0.63) $ (0.63) $ (1.24) $ (0.78)
Weighted Average Shares Outstanding:        
Basic 899 778 856 778
Diluted 899 778 856 778