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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Revenue $ 5,550 $ 6,172 $ 17,217 $ 18,059
Operating costs and expenses:        
Impairments and other charges [1] 0 0 308 265
General and administrative 53 72 168 195
Total operating costs and expenses 5,014 5,456 16,013 16,200
Operating income 536 716 1,204 1,859
Interest expense, net of interest income (141) (140) (428) (417)
Other, net (23) (42) (61) (86)
Income (loss) from continuing operations before income taxes 372 534 715 1,356
Income tax (provision) benefit (76) (100) (190) (367)
Net income (loss) 296 434 525 989
Net (income) loss attributable to noncontrolling interest (1) 1 (3) 3
Net income (loss) attributable to company $ 295 $ 435 $ 522 $ 992
Basic and diluted net income per share $ 0.34 $ 0.50 $ 0.60 $ 1.13
Basic weighted average common shares outstanding (in shares) 876 877 874 876
Diluted weighted average common shares outstanding (in shares) 876 878 875 879
Services [Member]        
Revenue:        
Revenue $ 4,207 $ 4,800 $ 13,118 $ 13,996
Operating costs and expenses:        
Cost of services and sales 3,860 4,280 12,220 12,508
Product sales [Member]        
Revenue:        
Revenue 1,343 1,372 4,099 4,063
Operating costs and expenses:        
Cost of services and sales $ 1,101 $ 1,104 $ 3,317 $ 3,232
[1] For the nine months ended September 30, 2019, amount includes $127 million attributable to Completion and Production, $153 million attributable to Drilling and Evaluation, and $28 million attributable to Corporate and other. During the nine months ended September 30, 2018, we recognized a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela. See Note 2 for further discussion on these impairments and other charges. There were no such impairments and other charges recorded during the three months ended September 30, 2019 or 2018.