XML 15 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Services $ 2,985 $ 5,190
Product sales 1,213 1,860
Total revenue 4,198 7,050
Operating costs and expenses:    
Cost of services 2,956 4,823
Cost of sales 969 1,462
Impairments and other charges [1] 2,766 1,208
Baker Hughes acquisition-related costs 538 39
General and administrative 48 66
Total operating costs and expenses 7,277 7,598
Operating income (loss) (3,079) (548)
Interest expense, net of interest income [2] (165) (106)
Other, net (47) (224)
Income (loss) from continuing operations before income taxes (3,291) (878)
Provision for income taxes 875 241
Income (loss) from continuing operations (2,416) (637)
Income (loss) from discontinued operations, net of income tax (provision) benefit (2) (4)
Net income (loss) (2,418) (641)
Net (income) loss attributable to noncontrolling interest 6 (2)
Net income (loss) attributable to company (2,412) (643)
Amounts attributable to company shareholders:    
Income (loss) from continuing operations (2,410) (639)
Income (loss) from discontinued operations, net (2) (4)
Net income (loss) attributable to company $ (2,412) $ (643)
Basic income per share attributable to company shareholders:    
Income (loss) from continuing operations (in dollars per share) $ (2.81) $ (0.75)
Income (loss) from discontinued operations, net (in dollars per share) 0.00 (0.01)
Net income (loss) per share (in dollars per share) (2.81) (0.76)
Diluted income per share attributable to company shareholders:    
Income (loss) from continuing operations (in dollars per share) (2.81) (0.75)
Income (loss) from discontinued operations, net (in dollars per share) 0.00 (0.01)
Net (loss) income per share (in dollars per share) $ (2.81) $ (0.76)
Basic weighted average common shares outstanding (in shares) 858 850
Diluted weighted average common shares outstanding (in shares) 858 850
[1] (b) Includes $1.8 billion attributable to Completion and Production, $1.0 billion attributable to Drilling and Evaluation, and $5 million attributable to Corporate and other for the three months ended March 31, 2016. Includes $510 million attributable to Completion and Production, $638 million attributable to Drilling and Evaluation, and $60 million attributable to Corporate and other for the three months ended March 31, 2015.
[2] (c) Includes $71 million of interest expense associated with the $7.5 billion debt issued in late 2015.