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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and Cash Equivalents $ 584 $ 1,037
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $91 in 2017 and $129 in 2016 1,165 1,383
Inventories, Net 1,728 1,802
Prepaid Expenses 233 263
Other Current Assets 408 402
Assets Held for Sale 929 23
Total Current Assets 5,047 4,910
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,518 in 2017 and $7,362 in 2016 4,111 4,480
Goodwill 2,293 2,797
Other Intangible Assets, Net of Accumulated Amortization of $836 in 2017 and $801 in 2016 234 248
Equity Investments 63 66
Other Non-Current Assets 304 163
Total Assets 12,052 12,664
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 152 179
Accounts Payable 837 845
Accrued Salaries and Benefits 295 291
Income Taxes Payable 223 255
Other Current Liabilities 783 858
Liabilities Held for Sale 90 0
Total Current Liabilities 2,380 2,428
Long-term Debt 7,538 7,403
Other Non-Current Liabilities 610 765
Total Liabilities 10,528 10,596
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 986 shares at June 30, 2017 and 983 shares at December 31, 2016 1 1
Capital in Excess of Par Value 6,612 6,571
Retained Deficit (3,569) (2,950)
Accumulated Other Comprehensive Loss (1,577) (1,610)
Weatherford Shareholders’ Equity 1,467 2,012
Noncontrolling Interests 57 56
Total Shareholders’ Equity 1,524 2,068
Total Liabilities and Shareholders’ Equity $ 12,052 $ 12,664