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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue from Contract with Customer, Including Assessed Tax $ 5,407    
Revenues:      
Total Revenues 5,744 $ 5,699 $ 5,749
Costs and Expenses:      
Cost, Direct Material 1,887 2,142 2,143
Cost of Services, Oil and Gas 2,627 2,747 3,046
Research and Development 139 158 159
Selling, General and Administrative Attributable to Segments 764 904 965
Corporate General and Administrative 130 130 138
Goodwill, Impairment Loss 1,917 0 0
Asset Write Down and Other 238 1,711 1,043
Restructuring and Transformation Charges 126 183 280
Litigation Charges, Net 0 10 (220)
Gain from Disposition of U.S. Pressure Pumping Assets 0 (96) 0
Total Costs and Expenses 7,828 7,869 7,994
Operating Loss (2,084) (2,170) (2,245)
Other Income (Expense):      
Interest Expense, Net (614) (579) (499)
Warrant Fair Value Adjustment 70 86 16
Bond Tender and Call Premium (34) 0 (78)
Currency Devaluation Charges (49) 0 (41)
Other Income (Expense), Net (46) 7 (30)
Loss Before Income Taxes (2,757) (2,656) (2,877)
Income Tax Provision (34) (137) (496)
Net Loss (2,791) (2,793) (3,373)
Net Income Attributable to Noncontrolling Interests 20 20 19
Net Loss Attributable to Weatherford $ (2,811) $ (2,813) $ (3,392)
Loss Per Share Attributable to Weatherford:      
Earnings Per Share, Basic and Diluted $ (2.82) $ (2.84) $ (3.82)
Weighted Average Shares Outstanding:      
Basic & Diluted (in shares) 997 990 887
Product      
Revenue from Contract with Customer, Including Assessed Tax $ 2,051 $ 2,116 $ 2,059
Service      
Revenue from Contract with Customer, Including Assessed Tax $ 3,693 $ 3,583 $ 3,690