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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue from Contract with Customer   $ 1,335 $ 2,493 $ 2,676
Revenues:        
Total Revenues $ 1,309 1,448 2,655 2,871
Costs and Expenses:        
Research and Development 36 37 72 75
Selling, General and Administrative Expense 215 199 414 399
Corporate General and Administrative 32 34 64 70
Goodwill, Impairment Loss 102 0 331 0
Prepetition charges 76 0 86 0
Asset Write-Downs and Other 41 70 78 88
Transformation, Facility Restructuring and Severance Charges 20 38 40 63
Gain (Loss) on Disposition of Business 114 0 112 0
Total Costs and Expenses 1,427 1,521 3,074 2,983
Operating Income (Loss) (118) (73) (419) (112)
Other Income (Expense):        
Interest Expense, Net (160) (152) (315) (301)
Warrant Fair Value Adjustment 0 10 0 56
Bond Tender and Call Premium 0 0 0 (34)
Currency Devaluation Charges 0 (11) 0 (37)
Other Expense, Net (1) (7) (10) (15)
Loss Before Income Taxes (279) (233) (744) (443)
Income Tax Provision (33) (26) (45) (58)
Net Loss (312) (259) (789) (501)
Net Income Attributable to Noncontrolling Interests 4 5 8 8
Net Income (Loss) Attributable to Weatherford $ (316) $ (264) $ (797) $ (509)
Loss Per Share Attributable to Weatherford:        
Earnings Per Share, Basic and Diluted $ (0.31) $ (0.26) $ (0.79) $ (0.51)
Weighted Average Shares Outstanding:        
Weighted Average Number of Shares Outstanding, Basic and Diluted 1,004 997 1,003 995
Products        
Revenue from Contract with Customer $ 498 $ 462 $ 994 $ 963
Costs and Expenses:        
Cost of Goods and Services Sold 467 414 935 879
Services        
Revenue from Contract with Customer 811 986 1,661 1,908
Costs and Expenses:        
Cost of Goods and Services Sold $ 552 $ 729 $ 1,166 $ 1,409