XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
 9 Months Ended
Sep. 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 September 30, 2016
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
449

 
$
(95
)
 
$
55

MENA/Asia Pacific
329

 
(8
)
 
60

Europe/SSA/Russia
225

 
(3
)
 
45

Latin America
255

 
14

 
56

Subtotal
1,258

 
(92
)
 
216

Land Drilling Rigs
98

 
(19
)
 
22

 
1,356

 
(111
)
 
238

Corporate and Research and Development
 
 
(63
)
 
4

Long-lived Asset Impairments, Write-Downs and Other Charges (a)
 
 
(740
)
 
 
Restructuring Charges (b)
 
 
(22
)
 
 
Litigation Charges
 
 
(9
)
 
 
Total
$
1,356

 
$
(945
)
 
$
242

(a)
Includes $436 million in long-lived asset impairments, $198 million in inventory write-downs, $62 million in accounts receivable reserves and write-offs, and $44 million of other asset write-offs and charges.
(b)
Includes restructuring charges of $22 million: $10 million in Latin America, $5 million in North America, $5 million in MENA/Asia Pacific, and $2 million in Corporate and Research and Development.




 
Three Months Ended September 30, 2015
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
824

 
$
(54
)
 
$
87

MENA/Asia Pacific
445

 
2

 
62

Europe/SSA/Russia
361

 
43

 
52

Latin America
421

 
73

 
63

  Subtotal
2,051

 
64

 
264

Land Drilling Rigs
186

 
16

 
28

 
2,237

 
80

 
292

Corporate and Research and Development
 
 
(101
)
 
6

Other Asset Write-Downs and Charges (c)
 
 
(17
)
 
 
Restructuring Charges (d)
 
 
(49
)
 
 
Other Items (e)
 
 
(11
)
 
 
Total
$
2,237

 
$
(98
)
 
$
298

(c)
Includes pressure pumping business related charges of $15 million and supply agreement charges related to a non-core business divestiture of $2 million.
(d)
Includes restructuring charges of $49 million: $9 million in North America, $5 million in MENA/Asia Pacific, $11 million in Europe/SSA/Russia, $10 million in Latin America, and $6 million in Land Drilling Rigs and $8 million in Corporate and Research and Development.
(e)
Includes professional and other fees of $7 million, facility closure fees of $2 million, and divestiture related charges of $2 million.

 
Nine Months Ended September 30, 2016
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
1,393

 
$
(324
)
 
$
167

MENA/Asia Pacific
1,090

 
(4
)
 
181

Europe/SSA/Russia
725

 
(3
)
 
141

Latin America
809

 
59

 
173

Subtotal
4,017

 
(272
)
 
662

Land Drilling Rigs
326

 
(62
)
 
67

 
4,343

 
(334
)
 
729

Corporate and Research and Development
 
 
(226
)
 
12

Long-lived Asset Impairments, Write-Downs and Other Charges (a)
 
 
(951
)
 
 
Restructuring Charges (b)
 
 
(150
)
 
 
Litigation Charges, Net
 
 
(190
)
 
 
Loss on Sale of Businesses, Net
 
 
(1
)
 
 
Total
$
4,343

 
$
(1,852
)
 
$
741

(a)
Includes $436 million in long-lived asset impairments, $213 million in inventory write-downs, $121 million in other asset write-offs and charges, $84 million to adjust a note receivable to fair value, $62 million in accounts receivable reserves and write-offs, $20 million in pressure pumping business related charges, and $15 million in supply agreement charges related to a non-core business divestiture.
(b)
Includes restructuring charges of $150 million: $44 million in North America, $37 million in Latin America, $25 million in Europe/SSA/Russia, $25 million in MENA/Asia Pacific, $14 million in Corporate and Research and Development and $5 million in Land Drilling Rigs.



 
Nine Months Ended September 30, 2015
(Dollars in millions)
Net
Operating
Revenues
 
Income (Loss)
from
Operations
 
Depreciation
and
Amortization
North America
$
2,795

 
$
(156
)
 
$
289

MENA/Asia Pacific
1,494

 
45

 
193

Europe/SSA/Russia
1,196

 
179

 
155

Latin America
1,370

 
247

 
186

  Subtotal
6,855

 
315

 
823

Land Drilling Rigs
566

 
30

 
84

 
7,421

 
345

 
907

Corporate and Research and Development
 
 
(326
)
 
18

Other Asset Write-Downs and Charges (c)
 
 
(208
)
 
 
Equity Investment Impairment
 
 
(20
)
 
 
Restructuring Charges (d)
 
 
(159
)
 
 
Litigation Charges
 
 
(112
)
 
 
Loss on Sale of Businesses, Net
 
 
(2
)
 
 
Other Items (e)
 
 
(30
)
 
 
Total
$
7,421

 
$
(512
)
 
$
925

(c)
Includes asset impairment charges of $124 million, pressure pumping business related charges of $52 million and supply agreement charges related to a non-core business divestiture of $32 million.
(d)
Includes restructuring charges of $159 million: $38 million in North America, $40 million in MENA/Asia Pacific, $32 million in Europe/SSA/Russia, $26 million in Latin America, $12 million in Land Drilling Rigs and $11 million in Corporate and Research and Development.
(e)
Includes professional and other fees of $18 million, divestiture related charges of $7 million, and facility closure fees of $5 million.