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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 1,037 $ 467
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $129 in 2016 and $113 in 2015 1,383 1,781
Inventories, Net 1,802 2,344
Prepaid Expenses 263 343
Deferred Tax Assets 0 165
Other Current Assets 425 464
Total Current Assets 4,910 5,564
Land, Buildings and Leasehold Improvements 1,622 1,780
Rental and Service Equipment 7,975 8,702
Machinery and Other 2,245 2,432
Property, Plant and Equipment, Gross 11,842 12,914
Less: Accumulated Depreciation 7,362 7,235
Property, Plant and Equipment, Net 4,480 5,679
Goodwill 2,797 2,803
Intangible Assets, Net 248 356
Equity Investments 66 76
Other Non-current Assets 163 282
Total Assets 12,664 14,760
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 179 1,582
Accounts Payable 845 948
Accrued Salaries and Benefits 291 406
Income Taxes Payable 255 330
Other Current Liabilities 858 765
Total Current Liabilities 2,428 4,031
Long-term Debt 7,403 5,852
Other Non-current Liabilities 765 512
Total Liabilities 10,596 10,395
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 983 shares and 779 shares at December 31, 2016 and 2015, respectively 1 1
Capital in Excess of Par Value 6,571 5,502
Retained (Deficit) Earnings (2,950) 442
Accumulated Other Comprehensive Loss (1,610) (1,641)
Weatherford Shareholders’ Equity 2,012 4,304
Noncontrolling Interests 56 61
Total Shareholders’ Equity 2,068 4,365
Total Liabilities and Shareholders’ Equity $ 12,664 $ 14,760