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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Sales $ 1,832 $ 1,663 $ 5,345 $ 4,635
Services 3,396 3,401 10,363 9,501
Total revenue 5,228 5,064 15,708 14,136
Costs and expenses:        
Cost of sales 1,474 1,342 4,227 3,766
Cost of services 2,831 2,501 8,433 7,134
Research and engineering 117 115 366 331
Marketing, general and administrative 344 301 975 862
Total costs and expenses 4,766 4,259 14,001 12,093
Operating income 462 805 1,707 2,043
Interest expense, net (49) (58) (153) (164)
Loss on early extinguishment of debt 0 (40) 0 (40)
Income from continuing operations before income taxes 413 707 1,554 1,839
Income taxes (143) (9) (479) (434)
Income from continuing operations 270 698 1,075 1,405
Income from discontinued operations, net of tax 14 8 27 20
Net income 284 706 1,102 1,425
Net (income) loss attributable to noncontrolling interests (5) 0 (5) 0
Net income attributable to Baker Hughes 279 706 1,097 1,425
Amounts attributable to Baker Hughes:        
Income from continuing operations 265 698 1,070 1,405
Income from discontinued operations $ 14 $ 8 $ 27 $ 20
Basic earnings per share:        
Income from continuing operations $ 0.60 $ 1.60 $ 2.43 $ 3.22
Income from discontinued operations $ 0.03 $ 0.02 $ 0.06 $ 0.05
Basic earnings per share attributable to Baker Hughes $ 0.63 $ 1.62 $ 2.49 $ 3.27
Diluted earnings per share:        
Income from continuing operations $ 0.60 $ 1.59 $ 2.43 $ 3.21
Income from discontinued operations $ 0.03 $ 0.02 $ 0.06 $ 0.04
Diluted earnings per share attributable to Baker Hughes $ 0.63 $ 1.61 $ 2.49 $ 3.25
Cash dividends per share $ 0.15 $ 0.15 $ 0.45 $ 0.45