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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Products $ 488,000,000 $ 479,000,000 $ 999,000,000 $ 1,039,000,000
Services 875,000,000 923,000,000 1,750,000,000 1,948,000,000
Total Revenues 1,363,000,000 1,402,000,000 2,749,000,000 2,987,000,000
Costs and Expenses:        
Cost of Products 473,000,000 513,000,000 959,000,000 1,095,000,000
Cost of Services 716,000,000 725,000,000 1,436,000,000 1,617,000,000
Research and Development 36,000,000 41,000,000 75,000,000 86,000,000
Selling, General and Administrative Attributable to Segments 214,000,000 230,000,000 446,000,000 499,000,000
Corporate General and Administrative 32,000,000 34,000,000 65,000,000 76,000,000
Asset Write-Downs and Other (12,000,000) 154,000,000 (15,000,000) 212,000,000
Restructuring Charges 31,000,000 51,000,000 106,000,000 128,000,000
Litigation Charges, Net 0 114,000,000 0 181,000,000
Total Costs and Expenses 1,490,000,000 1,862,000,000 3,072,000,000 3,894,000,000
Operating Income (Loss) (127,000,000) (460,000,000) (323,000,000) (907,000,000)
Other Income (Expense):        
Interest Expense, Net (138,000,000) (119,000,000) (279,000,000) (234,000,000)
Bond Tender Premium, Net 0 (78,000,000) 0 (78,000,000)
Warrant Fair Value Adjustment 127,000,000 0 65,000,000 0
Currency Devaluation Charges 0 0 0 (31,000,000)
Other Expense, Net (10,000,000) (7,000,000) (21,000,000) (6,000,000)
Loss Before Income Taxes (148,000,000) (664,000,000) (558,000,000) (1,256,000,000)
Income Tax (Provision) Benefit (17,000,000) 102,000,000 (50,000,000) 203,000,000
Net Loss (165,000,000) (562,000,000) (608,000,000) (1,053,000,000)
Net Income Attributable to Noncontrolling Interests 6,000,000 3,000,000 11,000,000 10,000,000
Net Income (Loss) Attributable to Weatherford $ (171,000,000) $ (565,000,000) $ (619,000,000) $ (1,063,000,000)
Loss Per Share Attributable to Weatherford:        
Basic $ (0.17) $ (0.63) $ (0.63) $ (1.24)
Diluted $ (0.17) $ (0.63) $ (0.63) $ (1.24)
Weighted Average Shares Outstanding:        
Weighted average number of shares outstanding, basic 990 899 989 856
Diluted 990 899 989 856