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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Services $ 2,695 $ 3,999 $ 8,320 $ 13,460
Product sales 1,138 1,583 3,546 5,091
Total revenue 3,833 5,582 11,866 18,551
Operating costs and expenses:        
Cost of services 2,743 3,818 8,476 12,612
Cost of sales 919 1,221 2,843 3,945
Baker Hughes related costs and termination fee 0 82 4,057 203
Impairments and other charges [1] 0 381 3,189 1,895
General and administrative 43 37 132 147
Total operating costs and expenses 3,705 5,539 18,697 18,802
Operating income (loss) 128 43 (6,831) (251)
Interest expense, net of interest income (141) (99) (502) (311)
Other, net (39) (34) (117) (281)
Income (loss) from continuing operations before income taxes (52) (90) (7,450) (843)
Income tax benefit (provision) 59 37 1,836 207
Income (loss) from continuing operations 7 (53) (5,614) (636)
Income (loss) from discontinued operations, net of income tax (provision) benefit 0 0 (2) (5)
Net income (loss) 7 (53) (5,616) (641)
Net (income) loss attributable to noncontrolling interest (1) (1) 2 (2)
Net income (loss) attributable to company 6 (54) (5,614) (643)
Amounts attributable to company shareholders:        
Income (loss) from continuing operations 6 (54) (5,612) (638)
Income (loss) from discontinued operations, net 0 0 (2) (5)
Net income (loss) attributable to company $ 6 $ (54) $ (5,614) $ (643)
Basic income per share attributable to company shareholders:        
Income (loss) from continuing operations (in dollars per share) $ 0.01 $ (0.06) $ (6.53) $ (0.75)
Income (loss) from discontinued operations, net (in dollars per share) 0.00 0.00 0.00 (0.01)
Net income (loss) per share (in dollars per share) 0.01 (0.06) (6.53) (0.76)
Diluted income per share attributable to company shareholders:        
Income (loss) from continuing operations (in dollars per share) 0.01 (0.06) (6.53) (0.75)
Income (loss) from discontinued operations, net (in dollars per share) 0.00 0.00 0.00 (0.01)
Net (loss) income per share (in dollars per share) 0.01 (0.06) (6.53) (0.76)
Cash dividends per share $ 0.18 $ 0.18 $ 0.54 $ 0.54
Basic weighted average common shares outstanding (in shares) 862 855 860 852
Diluted weighted average common shares outstanding (in shares) 864 855 860 852
[1] Impairments and other charges are as follows:-For the three months ended September 30, 2015, includes $228 million attributable to Completion and Production, $138 million attributable to Drilling and Evaluation, and $15 million attributable to Corporate and other. -For the nine months ended September 30, 2016, includes $2.0 billion attributable to Completion and Production, $1.1 billion attributable to Drilling and Evaluation, and $8 million attributable to Corporate and other. -For the nine months ended September 30, 2015, includes $949 million attributable to Completion and Production, $865 million attributable to Drilling and Evaluation, and $81 million attributable to Corporate and other.