Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

We recognized the following share-based compensation expense during each of the years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
(Dollars in millions)	2016		2015		2014
Share-based compensation	$	87	$	73	$	56
Related tax (provision) benefit	—		14		12

Schedule of Deferred Compensation Arrangement with Individual, Share-based Payments

A summary of option activity for the year ended December 31, 2016, is presented below:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Term	Aggregate Intrinsic Value
	(In thousands)					(In thousands)
Outstanding at December 31, 2015	2,503		$	14.67	0.93 years	$	36
Exercised	—		—
Expired	(1,905	)	15.32
Outstanding and Vested at December 31, 2016	598		12.59		0.91 years	—
Exercisable at December 31, 2016	—		—		0.00 years	—

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of RSA and RSU activity for the year ended December 31, 2016 is presented below:

	RSA		Weighted Average Grant Date Fair Value		RSU		Weighted Average Grant Date Fair Value
	(In thousands)				(In thousands)
Non-Vested at December 31, 2015	871		$	14.85	11,964		$	12.94
Granted	—		—		8,142		6.20
Vested	(625	)	14.26		(5,833	)	12.02
Forfeited	(109	)	14.95		(1,479	)	12.26
Non-Vested at December 31, 2016	137		17.42		12,794		9.15

Schedule of Nonvested Performance-based Units Activity

A summary of performance unit activity for the year ended December 31, 2016, is presented below:

	Performance Units		Weighted Average Grant Date Fair Value
	(In thousands)
Non-vested at December 31, 2015	2,857		$	11.17
Granted	2,112		5.11
Vested	—		—
Forfeited	(3,037	)	9.56
Non-vested at December 31, 2016	1,932		7.08

Employee Stock Purchase Plan

In June 2016, our shareholders adopted our ESPP and approved 12 million shares to be reserved for issuance under the plan. The ESPP permits eligible employees to make payroll deductions to purchase Weatherford stock.  Each offering period has a six-month duration beginning on either March 1 or September 1. Shares are purchased at 90% of the lower of the closing price for our common stock on the first or last day of the offering period.  As the inaugural offering period is still in progress, no shares have been issued under the ESPP as of December 31, 2016.