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Consolidated Condensed Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Sales $ 933 $ 1,363 $ 2,900 $ 4,322
Services 1,420 2,423 4,531 8,026
Total revenue 2,353 3,786 7,431 12,348
Costs and expenses:        
Cost of sales 794 1,138 2,920 3,703
Cost of services 1,265 2,237 4,909 7,598
Research and engineering 91 110 292 366
Marketing, general and administrative 203 211 632 749
Impairment and restructuring charges 304 98 1,590 747
Goodwill impairment 17 0 1,858 0
Merger and related costs 0 93 180 204
Merger termination fee 0 0 (3,500) 0
Total costs and expenses 2,674 3,887 8,881 13,367
Operating loss (321) (101) (1,450) (1,019)
Loss on early extinguishment of debt 0 0 (142) 0
Interest expense, net (39) (55) (142) (162)
Loss before income taxes (360) (156) (1,734) (1,181)
Income taxes (70) 0 (589) 242
Net loss (430) (156) (2,323) (939)
Net (income) loss attributable to noncontrolling interests 1 (3) 2 3
Net loss attributable to Baker Hughes $ (429) $ (159) $ (2,321) $ (936)
Basic and diluted loss per share attributable to Baker Hughes $ (1.00) $ (0.36) $ (5.31) $ (2.13)
Cash dividends per share $ 0.17 $ 0.17 $ 0.51 $ 0.51