XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 618 $ 602
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $120 at June 30, 2019 and $123 at December 31, 2018 1,226 1,130
Inventories, Net 1,081 1,025
Other Current Assets 476 428
Assets Held for Sale 5 265
Total Current Assets 3,406 3,450
Property, Plant and Equipment, Net of Accumulated Depreciation of $5,687 at June 30, 2019 and $5,786 at December 31, 2018 1,984 2,086
Goodwill 403 713
Other Non-Current Assets 588 352
Total Assets 6,381 6,601
Current Liabilities:    
Short-term Borrowings and Current Portion of Long-term Debt 930 383
Accounts Payable 735 732
Accrued Salaries and Benefits 263 249
Income Taxes Payable 186 214
Other Current Liabilities 775 722
Total Current Liabilities 2,889 2,300
Long-term Debt 7,366 7,605
Other Non-Current Liabilities 515 362
Total Liabilities 10,770 10,267
Shareholders’ Deficiency:    
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 1,004 shares at June 30, 2019 and 1,002 shares at December 31, 2018 1 1
Capital in Excess of Par Value 6,724 6,711
Retained Deficit (9,468) (8,671)
Accumulated Other Comprehensive Loss (1,683) (1,746)
Weatherford Shareholders’ Deficiency (4,426) (3,705)
Noncontrolling Interests 37 39
Total Shareholders’ Deficiency (4,389) (3,666)
Total Liabilities and Shareholders’ Deficiency $ 6,381 $ 6,601