XML 62 R51.htm IDEA: XBRL DOCUMENT v3.5.0.2
Short-term Borrowings and Other Debt Obligations (Narrative) (Details) - USD ($)
3 Months Ended 9 Months Ended
May 04, 2016
Sep. 30, 2016
Sep. 30, 2016
Jun. 10, 2016
Feb. 29, 2016
Dec. 31, 2015
Short-term Debt [Line Items]            
Debt and Capital Lease Obligations   $ 7,119,000,000 $ 7,119,000,000     $ 6,253,000,000
Line of Credit Facility, Remaining Borrowing Capacity   990,000,000 990,000,000      
Short-term Debt   373,000,000 373,000,000     1,181,000,000
Performance bonds   148,000,000 148,000,000      
Current portion of long-term debt and term loan agreement   182,000,000 182,000,000     401,000,000
Debt Instrument, Covenant, Senior Leverage Ratio, Period One 3.0          
Debt Instrument, Covenant, Senior Leverage Ratio, Period Two 2.5          
Debt Instrument, Covenant, Specified Leverage and Letters of Credit Ratio, Period One 4.0          
Debt Instrument, Covenant, Specified Leverage and Letter of Credit Ratio, Period Two 3.5          
Debt Instrument, Covenant, Asset Coverage Ratio 4.0          
Revolving credit facility [Member]            
Short-term Debt [Line Items]            
Short-term Debt   330,000,000 330,000,000     967,000,000
Committed letters of credit [Member]            
Short-term Debt [Line Items]            
Letters of credit outstanding, amount   61,000,000 61,000,000      
Domestic and foreign facility [Member]            
Short-term Debt [Line Items]            
Short term borrowings   43,000,000 43,000,000      
Uncommitted letters of credit [Member]            
Short-term Debt [Line Items]            
Letters of credit outstanding, amount   542,000,000 542,000,000      
A&R Credit Agreement [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Periodic Payment, Principal $ 12,500,000          
Credit agreement, maximum capacity 1,379,000,000 250,000,000 250,000,000      
Commitments Not Electing to Extend Maturity 229,000,000          
Term Loan Agreement [Member]            
Short-term Debt [Line Items]            
Credit agreement, maximum capacity           0
Debt and Capital Lease Obligations $ 500,000,000 $ 483,000,000 $ 483,000,000      
Senior Notes, 6.35% due 2017 [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Interest Rate, Stated Percentage       6.35%    
London Interbank Offered Rate (LIBOR) [Member] | A&R Credit Agreement [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate   1.925%        
London Interbank Offered Rate (LIBOR) [Member] | Term Loan Agreement [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate   1.425%        
London Interbank Offered Rate (LIBOR) [Member] | Term Loan Agreement [Member] | Minimum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate     1.425%      
London Interbank Offered Rate (LIBOR) [Member] | Term Loan Agreement [Member] | Maximum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate     3.20%      
Base Rate [Member] | Term Loan Agreement [Member] | Minimum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate     0.425%      
Base Rate [Member] | Term Loan Agreement [Member] | Maximum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate     2.20%      
Tranche One [Member] | Bi-Lateral Revolver Debt [Member] | Domestic and foreign facility [Member]            
Short-term Debt [Line Items]            
Short term borrowings   $ 180,000,000 $ 180,000,000      
Senior Notes [Member] | Senior Notes, 6.35% due 2017 [Member]            
Short-term Debt [Line Items]            
Debt and Capital Lease Obligations   $ 89,000,000 $ 89,000,000     $ 604,000,000
Senior Notes [Member] | Senior Notes, 5.50% due 2016 [Member]            
Short-term Debt [Line Items]            
Current portion of long-term debt and term loan agreement         $ 350,000,000  
Non-Extending Lenders [Member] | London Interbank Offered Rate (LIBOR) [Member] | A&R Credit Agreement [Member] | Minimum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 0.75%          
Non-Extending Lenders [Member] | London Interbank Offered Rate (LIBOR) [Member] | A&R Credit Agreement [Member] | Maximum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 1.925%          
Non-Extending Lenders [Member] | Base Rate [Member] | A&R Credit Agreement [Member] | Minimum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 0.00%          
Non-Extending Lenders [Member] | Base Rate [Member] | A&R Credit Agreement [Member] | Maximum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 0.925%          
Extending Lenders [Member] | London Interbank Offered Rate (LIBOR) [Member] | A&R Credit Agreement [Member] | Minimum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 1.925%          
Extending Lenders [Member] | London Interbank Offered Rate (LIBOR) [Member] | A&R Credit Agreement [Member] | Maximum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 3.70%          
Extending Lenders [Member] | Base Rate [Member] | A&R Credit Agreement [Member] | Minimum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 0.925%          
Extending Lenders [Member] | Base Rate [Member] | A&R Credit Agreement [Member] | Maximum [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Basis Spread on Variable Rate 2.70%          
Weatherford Bermuda [Member] | Senior Notes [Member] | Senior Notes, 6.35% due 2017 [Member]            
Short-term Debt [Line Items]            
Debt Instrument, Interest Rate, Stated Percentage   6.35% 6.35%     6.35%