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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and Cash Equivalents $ 459 $ 613
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $149 in 2018 and $156 in 2017 1,100 1,103
Inventories, Net 1,225 1,234
Prepaid Expenses 127 237
Other Current Assets 335 332
Assets Held for Sale 369 359
Total Current Assets 3,615 3,878
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,423 in 2018 and $7,462 in 2017 2,580 2,708
Goodwill 2,740 2,727
Other Intangible Assets, Net of Accumulated Amortization of $887 in 2018 and $870 in 2017 228 213
Equity Investments 26 62
Other Non-Current Assets 145 159
Total Assets 9,334 9,747
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 153 148
Accounts Payable 809 856
Accrued Salaries and Benefits 311 308
Income Taxes Payable 201 228
Other Current Liabilities 618 690
Total Current Liabilities 2,092 2,230
Long-term Debt 7,639 7,541
Other Non-Current Liabilities 501 547
Total Liabilities 10,232 10,318
Shareholders’ Equity:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 996 shares at March 31, 2018 and 993 shares at December 31, 2017 1 1
Capital in Excess of Par Value 6,676 6,655
Retained Deficit (6,105) (5,763)
Accumulated Other Comprehensive Loss (1,514) (1,519)
Weatherford Shareholders’ Equity (942) (626)
Noncontrolling Interests 44 55
Total Shareholders’ Equity (898) (571)
Total Liabilities and Shareholders’ Equity $ 9,334 $ 9,747