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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenue $ 821 $ 1,309 $ 2,036 $ 2,655
Costs and Expenses:        
Research and Development 23 36 56 72
Selling, General and Administrative 223 247 471 478
Long-lived Assets Impairments 178 13 818 20
Goodwill Impairment 72 102 239 331
Inventory Charges 134 0 134 0
Restructuring, Facility and Severance 57 20 83 40
Prepetition Charges 0 76 0 86
Gain on Sale of Businesses, Net 0 (114) 0 (112)
Total Costs and Expenses 1,318 1,427 3,355 3,074
Operating Income (Loss) (497) (118) (1,319) (419)
Other Expense:        
Interest Expense, Net (59) (160) (117) (315)
Reorganization Items 0 0 (9) 0
Other Expense, Net (11) (1) (36) (10)
Loss Before Income Taxes (567) (279) (1,481) (744)
Income Tax Provision (12) (33) (56) (45)
Net Loss (579) (312) (1,537) (789)
Net Income Attributable to Noncontrolling Interests 2 4 10 8
Net Income (Loss) Attributable to Weatherford $ (581) $ (316) $ (1,547) $ (797)
Loss Per Share Attributable to Weatherford:        
Loss Per Share, Basic & Diluted (in dollars per share) $ (8.30) $ (0.31) $ (22.10) $ (0.79)
Weighted Average Shares Outstanding:        
Weighted Average Shares Outstanding, Basic and Diluted (in shares) 70 1,004 70 1,003
Other Cost and Expense, Operating $ 22 $ 28 $ 32 $ 58
Products        
Revenues:        
Revenue 309 498 759 994
Costs and Expenses:        
Cost of Goods and Services Sold 253 467 645 935
Services        
Revenues:        
Revenue 512 811 1,277 1,661
Costs and Expenses:        
Cost of Goods and Services Sold $ 356 $ 552 $ 877 $ 1,166