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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and Cash Equivalents $ 613 $ 1,037
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $156 in 2017 and $129 in 2016 1,103 1,383
Inventories, Net 1,234 1,802
Prepaid Expenses 237 263
Other Current Assets 332 402
Disposal Group, Including Discontinued Operation, Assets, Current 359 23
Total Current Assets 3,878 4,910
Land, Buildings and Leasehold Improvements 1,551 1,622
Rental and Service Equipment 6,481 7,975
Machinery and Other 2,138 2,245
Property, Plant and Equipment, Gross 10,170 11,842
Less: Accumulated Depreciation 7,462 7,362
Property, Plant and Equipment, Net 2,708 4,480
Goodwill 2,727 2,797
Intangible Assets, Net 213 248
Equity Investments 62 66
Other Non-current Assets 159 163
Total Assets 9,747 12,664
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 148 179
Accounts Payable 856 845
Accrued Salaries and Benefits 308 291
Income Taxes Payable 228 255
Other Current Liabilities 690 858
Total Current Liabilities 2,230 2,428
Long-term Debt and Capital Lease Obligations 7,541 7,403
Other Non-current Liabilities 547 765
Total Liabilities 10,318 10,596
Shareholders’ (Deficiency) Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 993 shares and 983 shares at December 31, 2017 and 2016, respectively 1 1
Capital in Excess of Par Value 6,655 6,571
Retained Deficit (5,763) (2,950)
Accumulated Other Comprehensive Loss (1,519) (1,610)
Weatherford Shareholders’ (Deficiency) Equity (626) 2,012
Noncontrolling Interests 55 56
Total Shareholders’ (Deficiency) Equity (571) 2,068
Total Liabilities and Shareholders’ (Deficiency) Equity $ 9,747 $ 12,664