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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Changes in Issued and Treasury shares

Changes in our Issued and Treasury shares during the years ended December 31, 2016, 2015 and 2014, were as follows:
(Shares in millions)
Issued
 
Treasury
Balance at December 31, 2013
840

 
(73
)
Change in Shares Associated with Redomestication
(840
)
 
71

Issuance of Weatherford Ireland Shares
774

 

Equity awards granted, vested and exercised

 
2

Balance at December 31, 2014
774

 

Equity awards granted, vested and exercised
5

 

Balance at December 31, 2015
779

 

Share Issuance
200

 

Equity awards granted, vested and exercised
4

 

Balance at December 31, 2016
983

 

Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in our accumulated other comprehensive loss by component for the year ended December 31, 2016 and 2015:
(Dollars in millions)
Currency Translation Adjustment
 
Defined Benefit Pension
 
Deferred Loss on Derivatives
 
Total
Balance at December 31, 2014
$
(813
)
 
$
(57
)
 
$
(11
)
 
$
(881
)
Other comprehensive (loss) income before reclassifications
(789
)
 
28

 

 
(761
)
Reclassifications

 

 
1

 
1

Net activity
(789
)
 
28

 
1

 
(760
)
Balance at December 31, 2015
(1,602
)
 
(29
)
 
(10
)
 
(1,641
)
Other comprehensive (loss) income before reclassifications
(12
)
 
41

 

 
29

Reclassifications

 
1

 
1

 
2

Net activity
(12
)
 
42

 
1

 
31

Balance at December 31, 2016
$
(1,614
)
 
$
13

 
$
(9
)
 
$
(1,610
)