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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
 
2016 Quarters
 
 
(Dollars in millions, except per share amounts)
First
 
Second
 
Third
 
Fourth
 
Total
Revenues
$
1,585

 
$
1,402

 
$
1,356

 
$
1,406

 
$
5,749

Gross Profit
111

 
164

 
126

 
159

 
560

Net Loss Attributable to Weatherford
(498
)
(a) 
(565
)
(b) 
(1,780
)
(c) 
(549
)
(d) 
(3,392
)
 
 
 
 
 
 
 
 
 
 
Basic & Diluted Loss Per Share
(0.61
)
 
(0.63
)
 
(1.98
)
 
(0.59
)
 
(3.82
)
(a)
Includes charges of $285 million primarily related to severance and restructuring, litigation charges, pressure pumping related charges and an estimated project loss on our long-term early production facility construction contract.
(b)
Includes charges of $347 million primarily related to litigation charges, an adjustment to a note from PDVSA to fair value, a bond tender premium incurred from a tender offer and severance and restructuring charges partially offset by an estimated project income on our long-term early production facility construction contract.
(c)
Includes charges of $771 million primarily related to long-lived asset impairments, inventory write-downs and severance and restructuring.
(d)
Includes charges of $245 million primarily related to severance and restructuring, litigation charges and pressure pumping related charges.

 
2015 Quarters
 
 
(Dollars in millions, except per share amounts)
First
 
Second
 
Third
 
Fourth
 
Total
Revenues
$
2,794

 
$
2,390

 
$
2,237

 
$
2,012

 
$
9,433

Gross Profit
592

 
374

 
368

 
78

 
1,412

Net Loss Attributable to Weatherford (i)
(118
)
(e) 
(489
)
(f) 
(170
)
(g)  
(1,208
)
(h)  
(1,985
)
 
 
 
 
 
 
 
 
 
 
Basic & Diluted Loss Per Share
(0.15
)
 
(0.63
)
 
(0.22
)
 
(1.54
)
 
(2.55
)

(e)
Includes charges of $59 million primarily related to severance and restructuring.
(f)
Includes charges of $395 million primarily related to long-lived asset impairments, litigation and severance and restructuring.
(g)
Includes charges of $77 million primarily related to severance and restructuring and supply contracts.
(h)
Includes $668 million primarily related to long-lived asset impairments, severance and restructuring and supply contracts, a $265 million charge for a non-cash tax expense on distribution of subsidiary earnings and $217 million of inventory write-downs and adjustments.
(i)
Includes estimated project income of $42 million, for the first quarter of 2015, estimated project loss of $69 million, $44 million and $82 million for the second, third and fourth quarter of 2015, respectively, from our long-term early production facility construction contracts.