2.0.0.10 false Subsequent Event - Merger With BJ Services Company 0202 - Disclosure - Subsequent Event - Merger With BJ Services Company true false false false 1 usd $ false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Subsequent Event - Merger With BJ Services Company [Abstract] 0 bhi_SubsequentEventMergerAbstract bhi false na duration string Subsequent Event - Merger. false false false false false true false false false false false false 1 false false false false 0 0 false false false Subsequent Event - Merger. false 3 Subsequent Event - Merger With BJ Services Company 1 us-gaap_ScheduleOfSubsequentEventsTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 2. SUBSEQUENT EVENT – MERGER WITH BJ SERVICES COMPANY</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     On April 28, 2010 (the “Closing Date”), we completed a cash and stock merger with BJ Services Company (“BJ Services”) whereby we acquired 100% of the outstanding common stock of BJ Services, a leading provider of pressure pumping and oilfield services. The merger consideration totaled $6.9 billion based on the closing price of our stock on April 28, 2010. Under the terms of the merger agreement, each share of BJ Services common stock was converted into 0.40035 shares of our common stock and $2.69 in cash. In total, we paid out $0.8 billion in cash, issued 118.0 million shares, valued at $6.1 billion based upon the closing price of our common stock on the Closing Date, and assumed outstanding stock options held by BJ Services employees and directors. We also guaranteed $500 million of long-term debt of BJ Services. The merger will be accounted for using the acquisition method of accounting. Under the acquisition method of accounting, we are required to allocate the purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values at the Closing Date. The excess of the purchase price over those fair values is recorded as goodwill. We are in the process of valuing the assets acquired and liabilities assumed. Assuming the merger with BJ Services occurred on January 1, 2010 and January 1, 2009, pro forma revenues of the Company for the three months ended March 31, 2010 and 2009 would have been approximately $3.6 billion and $3.7 billion, respectively. Other disclosures required by ASC 805, <i>Business Combinations,</i> will be provided once the initial accounting for the merger is complete. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Pursuant to a final agreement with the Antitrust Division of the Department Of Justice (“DOJ”) in connection with the governmental approval of the merger between us and BJ Services, we are required to divest two chartered stimulation vessels (the <i>HR Hughes </i>and <i>Blue Ray</i>) and certain other assets used to perform sand control services in the U.S. Gulf of Mexico. Pursuant to a Hold Separate Stipulation and Order, the operation of our U.S. business and the U.S. business of BJ Services will be required to be operated separately until these assets are divested. We do not expect the divestiture to be material to the business or financial performance of the combined company following the merger. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Unless otherwise noted, all disclosures in the notes to unaudited consolidated condensed financial statements exclude any information related to and any potential impact that may result from the merger. </div> </div>  <!-- Begin Block Tagged Note false false false Describes disclosed significant events or transactions that occurred after the balance sheet date, but before the issuance of the financial statements. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 11 false false 1 2 false UnKnown UnKnown UnKnown false true