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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total Revenues $ 1,444 $ 1,460 $ 4,315 $ 4,209
Costs and Expenses:        
Cost, Direct Material 499 480 1,378 1,439
Cost of Services, Oil and Gas 606 715 2,015 2,151
Research and Development 31 42 106 117
Selling, General and Administrative Attributable to Segments 192 230 591 671
Corporate General and Administrative 31 28 101 94
Long-Lived Asset Impairments, Asset Write-Downs and Other 71 1 159 26
Restructuring and Transformation Charges 27 34 90 140
Total Costs and Expenses 1,457 1,530 4,440 4,638
Operating Income (Loss) (13) (70) (125) (429)
Other Income (Expense):        
Interest Expense, Net (156) (148) (457) (427)
Warrant Fair Value Adjustment 11 (7) 67 58
Bond Tender and Call Premium 0 0 (34) 0
Currency Devaluation Charges (8) 0 (45) 0
Other Income (Expense), Net (6) (1) (21) 14
Loss Before Income Taxes (172) (226) (615) (784)
Income Tax Provision (22) (25) (80) (75)
Net Loss (194) (251) (695) (859)
Net Income Attributable to Noncontrolling Interests 5 5 13 16
Net Income (Loss) Attributable to Weatherford $ (199) $ (256) $ (708) $ (875)
Loss Per Share Attributable to Weatherford:        
Earnings Per Share, Basic and Diluted $ (0.20) $ (0.26) $ (0.71) $ (0.88)
Weighted Average Shares Outstanding:        
Weighted Average Number of Shares Outstanding, Basic and Diluted 998 990 996 989
Products        
Revenue from Contract with Customer $ 508 $ 535 $ 1,471 $ 1,534
Services        
Revenue from Contract with Customer $ 936 $ 925 $ 2,844 $ 2,675