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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Products $ 535,000,000 $ 485,000,000 $ 1,534,000,000 $ 1,524,000,000
Services 925,000,000 871,000,000 2,675,000,000 2,819,000,000
Total Revenues 1,460,000,000 1,356,000,000 4,209,000,000 4,343,000,000
Costs and Expenses:        
Cost of Products 480,000,000 508,000,000 1,439,000,000 1,603,000,000
Cost of Services 716,000,000 722,000,000 2,151,000,000 2,339,000,000
Research and Development 42,000,000 33,000,000 117,000,000 119,000,000
Selling, General and Administrative Attributable to Segments 230,000,000 237,000,000 676,000,000 736,000,000
Corporate General and Administrative 28,000,000 30,000,000 94,000,000 106,000,000
Long-lived Asset Impairments, Write-Downs and Other Charges (2,000,000) 740,000,000 (17,000,000) 952,000,000
Restructuring Charges 34,000,000 22,000,000 140,000,000 150,000,000
Litigation Charges, Net (4,000,000) 9,000,000 (4,000,000) 190,000,000
Total Costs and Expenses 1,524,000,000 2,301,000,000 4,596,000,000 6,195,000,000
Operating Income (Loss) (64,000,000) (945,000,000) (387,000,000) (1,852,000,000)
Other Income (Expense):        
Interest Expense, Net (148,000,000) (129,000,000) (427,000,000) (363,000,000)
Bond Tender Premium, Net 0 0 0 (78,000,000)
Warrant Fair Value Adjustment (7,000,000) 0 58,000,000 0
Currency Devaluation Charges 0 0 0 (31,000,000)
Other Expense, Net (7,000,000) (10,000,000) (28,000,000) (16,000,000)
Loss Before Income Taxes (226,000,000) (1,084,000,000) (784,000,000) (2,340,000,000)
Income Tax Provision (25,000,000) (692,000,000) (75,000,000) (489,000,000)
Net Loss (251,000,000) (1,776,000,000) (859,000,000) (2,829,000,000)
Net Income Attributable to Noncontrolling Interests 5,000,000 4,000,000 16,000,000 14,000,000
Net Income (Loss) Attributable to Weatherford $ (256,000,000) $ (1,780,000,000) $ (875,000,000) $ (2,843,000,000)
Loss Per Share Attributable to Weatherford:        
Basic $ (0.26) $ (1.98) $ (0.88) $ (3.27)
Diluted $ (0.26) $ (1.98) $ (0.88) $ (3.27)
Weighted Average Shares Outstanding:        
Weighted average number of shares outstanding, basic 990 899 989 871
Diluted 990 899 989 871