XML 32 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
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 June 30, 2016
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
401

 
$
(101
)
 
$
58

MENA/Asia Pacific
400

 
50

 
60

Europe/SSA/Russia
243

 
1

 
48

Latin America
249

 
1

 
56

Subtotal
1,293

 
(49
)
 
222

Land Drilling Rigs
109

 
(17
)
 
23

 
1,402

 
(66
)
 
245

Corporate and Research and Development
 
 
(75
)
 
4

Asset Write-Downs and Other Charges (a)
 
 
(154
)
 
 
Restructuring Charges (b)
 
 
(51
)
 
 
Litigation Charges
 
 
(114
)
 
 
Total
$
1,402

 
$
(460
)
 
$
249

(a)
Includes $84 million to adjust a note from PDVSA to fair value and other impairments and write-offs of $70 million.
(b)
Includes restructuring charges of $51 million: $15 million in North America, $10 million in Europe/SSA/Russia, $12 million in Latin America, $11 million in MENA/Asia Pacific, $2 million in Corporate and Research and Development, and $1 million in Land Drilling Rigs.



 
Three Months Ended June 30, 2015
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
808

 
$
(92
)
 
$
97

MENA/Asia Pacific
516

 
(17
)
 
66

Europe/SSA/Russia
418

 
65

 
53

Latin America
463

 
76

 
62

  Subtotal
2,205

 
32

 
278

Land Drilling Rigs
185

 
4

 
27

 
2,390

 
36

 
305

Corporate and Research and Development
 
 
(105
)
 
6

Asset Write-Downs and Other Charges (c)
 
 
(181
)
 
 
Equity Investment Impairment
 
 
(20
)
 
 
Restructuring Charges (d)
 
 
(69
)
 
 
Litigation Charges
 
 
(112
)
 
 
Loss on Sale of Businesses, Net
 
 
(5
)
 
 
Other Items (e)
 
 
(8
)
 
 
Total
$
2,390

 
$
(464
)
 
$
311


(c)
Includes asset impairment charges of $124 million, pressure pumping business related charges of $37 million and supply agreement charges related to non-core business divestiture of $20 million.
(d)
Includes restructuring charges of $69 million: $21 million in North America, $29 million in MENA/Asia Pacific, $14 million in Europe/SSA/Russia, $4 million in Latin America, and $1 million in Land Drilling Rigs.
(e)
Includes professional fees of $3 million related to the divestiture of non-core businesses, facility closure fees of $3 million, restatement related litigation, post-settlement monitor and auditor expenses and other charges of $2 million.

 
Six Months Ended June 30, 2016
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
944

 
$
(229
)
 
$
112

MENA/Asia Pacific
761

 
4

 
121

Europe/SSA/Russia
500

 
—

 
96

Latin America
554

 
45

 
117

Subtotal
2,759

 
(180
)
 
446

Land Drilling Rigs
228

 
(43
)
 
45

 
2,987

 
(223
)
 
491

Corporate and Research and Development
 
 
(163
)
 
8

Asset Write-Downs and Other Charges (a)
 
 
(211
)
 
 
Restructuring Charges (b)
 
 
(128
)
 
 
Litigation Charges, Net
 
 
(181
)
 
 
Loss on Sale of Businesses, Net
 
 
(1
)
 
 
Total
$
2,987

 
$
(907
)
 
$
499

(a)
Includes $84 million to adjust a note from PDVSA to fair value, $20 million in pressure pumping business related charges, $15 million in supply agreement charges related to a non-core business divestiture, and other impairments and write-offs of $92 million.
(b)
Includes restructuring charges of $128 million: $39 million in North America, $25 million in Europe/SSA/Russia, $27 million in Latin America, $20 million in MENA/Asia Pacific, $12 million in Corporate and Research and Development and $5 million in Land Drilling Rigs.


 
Six Months Ended June 30, 2015
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
1,971

 
$
(102
)
 
$
202

MENA/Asia Pacific
1,049

 
43

 
131

Europe/SSA/Russia
835

 
136

 
103

Latin America
949

 
174

 
123

  Subtotal
4,804

 
251

 
559

Land Drilling Rigs
380

 
14

 
56

 
5,184

 
265

 
615

Corporate and Research and Development
 
 
(225
)
 
12

Asset Write-Downs and Other Charges (c)
 
 
(191
)
 
 
Equity Investment Impairment
 
 
(20
)
 
 
Restructuring Charges (d)
 
 
(110
)
 
 
Litigation Charges
 
 
(112
)
 
 
Loss on Sale of Businesses, Net
 
 
(2
)
 
 
Other Items (e)
 
 
(19
)
 
 
Total
$
5,184

 
$
(414
)
 
$
627

(c) Includes asset impairment charges of $124 million, pressure pumping business related charges of $37 million and supply agreement charges related to non-core business divestiture of $30 million.
(d) Includes restructuring charges of $110 million: $29 million in North America, $35 million in MENA/Asia Pacific, $21 million in Europe/SSA/Russia, $16 million in Latin America, $6 million in Land Drilling Rigs and $3 million in Corporate and Research and Development.
(e) Includes professional fees of $5 million related to the divestiture of our non-core businesses, facility closure fees of $3 million, restatement related litigation, post-settlement monitor and auditor expenses and other charges of $11 million.