Financial information by segment is summarized below. Revenues are attributable to countries based on the ultimate destination of the sale of products or performance of services. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our Form 10-K.



	Three Months Ended June 30, 2017
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	475	$	2		$	40
MENA/Asia Pacific	340		9			51
Europe/SSA/Russia	244		5			39
Latin America ^(a)	203		(35		)	48
Subtotal	1,262		(19		)	178
Land Drilling Rigs	101		(20		)	23
	1,363		(39		)	201
Corporate and Research and Development			(69		)	3
Restructuring Charges ^(b)			(31		)
Asset Write-Downs and Other			12
Total	$	1,363	$	(127	)	$	204

(a)

As discussed in “Note 1 – General”, in the second quarter of 2017, the Company changed its accounting for revenue related to an implied financing arrangement with our largest customer in Venezuela. The total impact of this change in the second quarter of 2017 related to prior periods is a reduction in revenues and income from operations of approximately $31 million: $8 million for the first quarter of 2017 and $23 million for the second half of 2016.


(b)	Includes restructuring charges of $31 million: $8 million in Europe/SSA/Russia, $8 million in Latin America, $8 million in North America, $5 million in MENA/Asia Pacific, $1 million in Corporate and Research and Development, and $1 million in Land Drilling Rigs.



	Three Months Ended June 30, 2016
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	401	$	(101	)	$	58
MENA/Asia Pacific	400		50			60
Europe/SSA/Russia	243		1			48
Latin America	249		1			56
Subtotal	1,293		(49		)	222
Land Drilling Rigs	109		(17		)	23
	1,402		(66		)	245
Corporate and Research and Development			(75		)	4
Asset Write-Downs and Other Charges ^(c)			(154		)
Restructuring Charges^(d)			(51		)
Litigation Charges, Net			(114		)
Total	$	1,402	$	(460	)	$	249


(c)	Includes $84 million to adjust a note from our largest customer in Venezuela to fair value and other impairments and write-offs of $70 million.


(d)	Includes restructuring charges of $51 million: $15 million in North America, $10 million in Europe/SSA/Russia, $12 million in Latin America, $11 million in MENA/Asia Pacific, $2 million in Corporate and Research and Development, and $1 million in Land Drilling Rigs.



	Six Months Ended June 30, 2017
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	965	$	(16	)	$	80
MENA/Asia Pacific	661		6			102
Europe/SSA/Russia	488		(5		)	78
Latin America ^(a)	445		(26		)	99
Subtotal	2,559		(41		)	359
Land Drilling Rigs	190		(50		)	47
	2,749		(91		)	406
Corporate and Research and Development			(141		)	6
Restructuring Charges ^(b)			(106		)
Asset Write-Downs and Other			15
Total	$	2,749	$	(323	)	$	412

(a)

As discussed in “Note 1 – General”, in the second quarter of 2017, the Company changed its accounting for revenue related to an implied financing arrangement with our largest customer in Venezuela. The total impact of this change for the first six months of 2017 related to prior periods is a reduction in revenues and income from operations of approximately $23 million for the second half of 2016.


(b)	Includes restructuring charges of $106 million: $29 million in Europe/SSA/Russia, $27 million in Corporate and Research and Development, $23 million in North America, $16 million in Latin America, $9 million in MENA/Asia Pacific, and $2 million in Land Drilling Rigs.



	Six Months Ended June 30, 2016
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	944	$	(229	)	$	112
MENA/Asia Pacific	761		4			121
Europe/SSA/Russia	500		—			96
Latin America	554		45			117
Subtotal	2,759		(180		)	446
Land Drilling Rigs	228		(43		)	45
	2,987		(223		)	491
Corporate and Research and Development			(163		)	8
Asset Write-Downs and Other Charges ^(c)			(212		)
Restructuring Charges^(d)			(128		)
Litigation Charges, Net			(181		)
Total	$	2,987	$	(907	)	$	499


(c)	Includes $84 million to adjust a note from our largest customer in Venezuela to fair value, $92 million related to impairments, write-offs and other charges and $35 million of pressure pumping related charges.


(d)	Includes restructuring charges of $128 million: $39 million in North America, $27 million in Latin America, $25 million in Europe/SSA/Russia, $20 million in MENA/Asia Pacific, $12 million in Corporate and Research and Development and $5 million in Land Drilling Rigs.