Segment Information - (Notes)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We are a supplier of oilfield services, products, technology and systems used in the worldwide oil and natural gas business, referred to as oilfield operations, which are managed through operating segments that are aligned with our geographic regions. We also provide services and products to the downstream chemicals, and process and pipeline services, referred to as Industrial Services.

The performance of our operating segments is evaluated based on operating profit (loss) before tax, which is defined as income (loss) before income taxes and before the following: net interest expense, corporate expenses, impairment and restructuring charges, goodwill impairment charges, the merger termination fee, and certain gains and losses not allocated to the operating segments.

Beginning in 2016, we excluded merger and related costs from our operating segments. These costs are now presented as a separate line item in the consolidated condensed statement of income (loss). Prior year merger and related costs have been reclassified to conform to the current year presentation.

Summarized financial information is shown in the following tables:

	Three Months Ended					Three Months Ended
	September 30, 2016					September 30, 2015
Segments	Revenue		Operating Profit (Loss) Before Tax			Revenue		Operating Profit (Loss) Before Tax
North America	$	674	$	(65	)	$	1,368	$	(153	)
Latin America	243		20			439		51
Europe/Africa/Russia Caspian	519		22			791		98
Middle East/Asia Pacific	649		71			849		76
Industrial Services	268		30			339		44
Total Operations	2,353		78			3,786		116
Corporate	—		(78		)	—		(26		)
Interest expense, net	—		(39		)	—		(55		)
Impairment and restructuring charges	—		(304		)	—		(98		)
Goodwill impairment	—		(17		)	—		—
Merger and related costs	—		—			—		(93		)
Total	$	2,353	$	(360	)	$	3,786	$	(156	)

	Nine Months Ended					Nine Months Ended
	September 30, 2016					September 30, 2015
Segments	Revenue		Operating Profit (Loss) Before Tax			Revenue		Operating Profit (Loss) Before Tax
North America	$	2,161	$	(601	)	$	4,872	$	(512	)
Latin America	755		(289		)	1,371		129
Europe/Africa/Russia Caspian	1,711		(254		)	2,555		135
Middle East/Asia Pacific	2,018		(22		)	2,621		198
Industrial Services	786		(17		)	929		86
Total Operations	7,431		(1,183		)	12,348		36
Corporate	—		(139		)	—		(104		)
Loss on early extinguishment of debt	—		(142		)	—		—
Interest expense, net	—		(142		)	—		(162		)
Impairment and restructuring charges	—		(1,590		)	—		(747		)
Goodwill impairment	—		(1,858		)	—		—
Merger and related costs	—		(180		)	—		(204		)
Merger termination fee	—		3,500			—		—
Total	$	7,431	$	(1,734	)	$	12,348	$	(1,181	)

The following table presents total assets by segment at September 30, 2016 and December 31, 2015:

	September 30, 2016		December 31, 2015
Segments	Assets		Assets
North America	$	3,541	$	6,599
Latin America	1,595		2,323
Europe/Africa/Russia Caspian	2,488		3,077
Middle East/Asia Pacific	2,867		3,441
Industrial Services	678		1,106
Shared assets	5,314		5,613
Total Operations	16,483		22,159
Corporate	3,008		1,921
Total	$	19,491	$	24,080

Shared assets consist primarily of the assets carried at the enterprise level and include assets related to our supply chain, product line technology and information technology organizations. These assets are used to support our operating segments and consist primarily of manufacturing inventory, property, plant and equipment used in manufacturing and information technology, intangible assets related to technology, and certain deferred tax assets. All costs and expenses from these organizations, including depreciation and amortization, are allocated to our operating segments as these enterprise organizations support our global operations. Corporate assets include cash, certain facilities, and certain other noncurrent assets related to certain employee retirement plans.