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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Products $ 2,116 $ 2,059 $ 3,573
Services 3,583 3,690 5,860
Total Revenues 5,699 5,749 9,433
Costs and Expenses:      
Cost of Products 2,142 2,143 3,433
Cost of Services 2,747 3,046 4,588
Research and Development 158 159 231
Selling, General and Administrative Attributable to Segments 910 970 1,353
Corporate General and Administrative 130 139 227
Asset Write Down and Other 1,664 1,043 768
Goodwill and Equity Investment Impairment 0 0 25
Restructuring Charges 183 280 232
Litigation Charges, Net 10 (220) (116)
(Gain) Loss from Disposition of U.S. Pressure Pumping Assets and Businesses (96) 0 6
Total Costs and Expenses 7,828 8,000 10,979
Operating Loss (2,129) (2,251) (1,546)
Other Income (Expense):      
Interest Expense, Net (579) (499) (468)
Fair Value Adjustment of Warrants 86 16 0
Bond Tender Premium, Net 0 (78) 0
Currency Devaluation Charges 0 (41) (85)
Other Income (Expense), Net (34) (24) 3
Loss Before Income Taxes (2,656) (2,877) (2,096)
Income Tax (Provision) Benefit (137) (496) 145
Net Loss (2,793) (3,373) (1,951)
Net Income Attributable to Noncontrolling Interests 20 19 34
Net Loss Attributable to Weatherford $ (2,813) $ (3,392) $ (1,985)
Loss Per Share Attributable to Weatherford:      
Earnings Per Share, Basic and Diluted $ (2.84) $ (3.82) $ (2.55)
Weighted Average Shares Outstanding:      
Basic & Diluted (in shares) 990 887 779