XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 440 $ 467
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $134 in 2016 and $113 in 2015 1,414 1,781
Inventories, Net 1,917 2,344
Prepaid Expenses 295 343
Deferred Tax Assets 51 165
Other Current Assets 481 464
Total Current Assets 4,598 5,564
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,426 and $7,235 4,708 5,679
Goodwill 2,840 2,803
Other Intangible Assets, Net of Accumulated Amortization of $802 and $783 264 356
Equity Investments 65 76
Other Non-Current Assets 160 282
Total Assets 12,635 14,760
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 555 1,582
Accounts Payable 666 948
Accrued Salaries and Benefits 336 406
Income Taxes Payable 128 203
Other Current Liabilities 1,035 892
Total Current Liabilities 2,720 4,031
Long-term Debt 6,937 5,852
Other Non-Current Liabilities 595 512
Total Liabilities 10,252 10,395
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 896 shares at September 30, 2016 and 779 shares at December 31, 2015 1 1
Capital in Excess of Par Value 6,273 5,502
Retained (Deficit) Earnings (2,401) 442
Accumulated Other Comprehensive Loss (1,549) (1,641)
Weatherford Shareholders’ Equity 2,324 4,304
Noncontrolling Interests 59 61
Total Shareholders’ Equity 2,383 4,365
Total Liabilities and Shareholders’ Equity $ 12,635 $ 14,760