XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and Cash Equivalents $ 445 $ 1,037
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $85 in 2017 and $129 in 2016 1,236 1,383
Inventories, Net 1,752 1,802
Prepaid Expenses 266 263
Other Current Assets 409 402
Assets Held for Sale 935 23
Total Current Assets 5,043 4,910
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,633 in 2017 and $7,362 in 2016 3,989 4,480
Goodwill 2,346 2,797
Other Intangible Assets, Net of Accumulated Amortization of $860 in 2017 and $801 in 2016 229 248
Equity Investments 65 66
Other Non-Current Assets 341 163
Total Assets 12,013 12,664
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 391 179
Accounts Payable 815 845
Accrued Salaries and Benefits 285 291
Income Taxes Payable 223 255
Other Current Liabilities 702 858
Liabilities Held for Sale 54 0
Total Current Liabilities 2,470 2,428
Long-term Debt 7,530 7,403
Other Non-Current Liabilities 629 765
Total Liabilities 10,629 10,596
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 992 shares at September 30, 2017 and 983 shares at December 31, 2016 1 1
Capital in Excess of Par Value 6,641 6,571
Retained Deficit (3,825) (2,950)
Accumulated Other Comprehensive Loss (1,489) (1,610)
Weatherford Shareholders’ Equity 1,328 2,012
Noncontrolling Interests 56 56
Total Shareholders’ Equity 1,384 2,068
Total Liabilities and Shareholders’ Equity $ 12,013 $ 12,664