Segment Information

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. In the beginning of the fourth quarter of 2017, management commenced with the implementation of internal changes to the Company’s organization structure and as a result we are in the process of reassessing our reportable segments. See “Note 20 – Subsequent Event” for additional information.



	Three Months Ended September 30, 2017
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	538	$	33		$	39
MENA/Asia Pacific	335		8			49
Europe/SSA/Russia	252		14			36
Latin America	229		(5		)	49
Subtotal	1,354		50			173
Land Drilling Rigs	106		(16		)	23
	1,460		34			196
Corporate and Research and Development			(70		)	3
Restructuring Charges ^(a)			(34		)
Asset Write-Downs and Other			2
Litigation Credit			4
Total	$	1,460	$	(64	)	$	199


(a)	Includes restructuring charges of $34 million: $20 million in MENA/Asia Pacific, $9 million in Latin America, $2 million in Europe/SSA/Russia, $2 million in Corporate and Research and Development, and $1 million in North America.



	Three Months Ended September 30, 2016
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	449	$	(95	)	$	55
MENA/Asia Pacific	329		(8		)	60
Europe/SSA/Russia	225		(3		)	45
Latin America	255		14			56
Subtotal	1,258		(92		)	216
Land Drilling Rigs	98		(19		)	22
	1,356		(111		)	238
Corporate and Research and Development			(63		)	4
Long-lived Asset Impairments, Write-Downs and Other Charges ^(b)			(740		)
Restructuring Charges^(c)			(22		)
Litigation Charges, Net			(9		)
Total	$	1,356	$	(945	)	$	242


(b)	Includes $436 million in long-lived asset impairments, $198 million in inventory write-downs, $62 million in accounts receivable reserves and write-offs, and $44 million of other asset write-offs and charges.


(c)	Includes restructuring charges of $22 million: $10 million in Latin America, $5 million in North America, $5 million in MENA/Asia Pacific, and $2 million in Corporate and Research and Development.



	Nine Months Ended September 30, 2017
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	1,503	$	17		$	119
MENA/Asia Pacific	996		14			151
Europe/SSA/Russia	740		9			114
Latin America ^(a)	674		(31		)	148
Subtotal	3,913		9			532
Land Drilling Rigs	296		(66		)	70
	4,209		(57		)	602
Corporate and Research and Development			(211		)	9
Restructuring Charges ^(b)			(140		)
Asset Write-Downs and Other			17
Litigation Credit			4
Total	$	4,209	$	(387	)	$	611


(a)	In the second quarter of 2017, the Company changed its accounting for revenue 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. See “Note 1 – General” for additional details.


(b)	Includes restructuring charges of $140 million: $31 million in Europe/SSA/Russia, $29 million in MENA/Asia Pacific, $29 million in Corporate and Research and Development, $25 million in Latin America, $24 million in North America, and $2 million in Land Drilling Rigs.



	Nine Months Ended September 30, 2016
(Dollars in millions)	Net Operating Revenues		Income (Loss) from Operations			Depreciation and Amortization
North America	$	1,393	$	(324	)	$	167
MENA/Asia Pacific	1,090		(4		)	181
Europe/SSA/Russia	725		(3		)	141
Latin America	809		59			173
Subtotal	4,017		(272		)	662
Land Drilling Rigs	326		(62		)	67
	4,343		(334		)	729
Corporate and Research and Development			(226		)	12
Long-lived Asset Impairments, Write-Downs and Other Charges ^(c)			(952		)
Restructuring Charges^(d)			(150		)
Litigation Charges, Net			(190		)
Total	$	4,343	$	(1,852	)	$	741

(c)

Includes $436 million in long-lived asset impairments, $213 million in inventory write-downs, $121 million in other asset write-offs and charges, $84 million to adjust a note from our largest customer in Venezuela to fair value, $62 million in accounts receivable reserves and write-offs, $20 million in pressure pumping related charges, and $15 million in supply agreement charges related to a non-core business divestiture.


(d)	Includes restructuring charges of $150 million: $44 million in North America, $37 million in Latin America, $25 million in Europe/SSA/Russia, $25 million in MENA/Asia Pacific, $14 million in Corporate and Research and Development and $5 million in Land Drilling Rigs.