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Consolidated Condensed Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Sales $ 954 $ 1,431 $ 1,967 $ 2,959
Services 1,454 2,537 3,111 5,603
Total revenue 2,408 3,968 5,078 8,562
Costs and expenses:        
Cost of sales 1,182 1,220 2,126 2,565
Cost of services 1,930 2,364 3,644 5,361
Research and engineering 99 118 201 256
Marketing, general and administrative 222 264 429 551
Impairment and restructuring charges 1,126 76 1,286 649
Goodwill impairment 1,841 0 1,841 0
Merger and related costs 78 83 180 111
Merger termination fee (3,500) 0 (3,500) 0
Litigation settlements 0 (13) 0 (13)
Total costs and expenses 2,978 4,112 6,207 9,480
Operating loss (570) (144) (1,129) (918)
Loss on early extinguishment of debt (142) 0 (142) 0
Interest expense, net (48) (53) (103) (107)
Loss before income taxes (760) (197) (1,374) (1,025)
Income taxes (152) 7 (519) 242
Net loss (912) (190) (1,893) (783)
Net loss attributable to noncontrolling interests 1 2 1 6
Net loss attributable to Baker Hughes $ (911) $ (188) $ (1,892) $ (777)
Basic and diluted loss per share attributable to Baker Hughes $ (2.08) $ (0.43) $ (4.30) $ (1.77)
Cash dividends per share $ 0.17 $ 0.17 $ 0.34 $ 0.34