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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Products $ 485 $ 848 $ 1,524 $ 2,779
Services 871 1,389 2,819 4,642
Total Revenues 1,356 2,237 4,343 7,421
Costs and Expenses:        
Cost of Products 508 842 1,603 2,547
Cost of Services 722 1,027 2,339 3,540
Research and Development 33 56 119 179
Selling, General and Administrative Attributable to Segments 237 291 736 993
Corporate General and Administrative 30 53 106 173
Long-lived Asset Impairments, Write-Downs and Other Charges 740 17 951 208
Equity Investment Impairment 0 0 0 20
Restructuring Charges 22 49 150 159
Litigation Charges, Net 9 0 190 112
Loss on Sale of Businesses, Net 0 0 1 2
Total Costs and Expenses 2,301 2,335 6,195 7,933
Operating Income (Loss) (945) (98) (1,852) (512)
Other Income (Expense):        
Interest Expense, Net (129) (114) (363) (351)
Bond Tender Premium, Net 0 0 (78) 0
Currency Devaluation Charges 0 (26) (31) (68)
Other, Net (10) 12 (16) (17)
Loss Before Income Taxes (1,084) (226) (2,340) (948)
Income Tax (Provision) Benefit (692) 65 (489) 197
Net Loss (1,776) (161) (2,829) (751)
Net Income Attributable to Noncontrolling Interests 4 9 14 26
Net Income (Loss) Attributable to Weatherford $ (1,780) $ (170) $ (2,843) $ (777)
Loss Per Share Attributable to Weatherford:        
Basic $ (1.98) $ (0.22) $ (3.27) $ (1.00)
Diluted $ (1.98) $ (0.22) $ (3.27) $ (1.00)
Weighted Average Shares Outstanding:        
Basic 899 779 871 778
Diluted 899 779 871 778