Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Jun. 30, 2011

Derivative Instruments and Hedging Activities [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

	(Stated in millions)
	Fair Value of Derivatives
	Jun. 30,		Dec. 31,
	2011		2010		Consolidated Balance Sheet Classification
Derivative Assets
Derivative designated as hedges:
Foreign exchange contracts	$	31	$	4	Other current assets
Foreign exchange contracts		119		37	Other Assets
Interest rate swaps		14		14	Other Assets
	$	164	$	55
Derivative not designated as hedges:
Commodity contracts	$	—	$	3	Other current assets
Foreign exchange contracts		6		9	Other current assets
Foreign exchange contracts		4		9	Other Assets
	$	10	$	21
	$	174	$	76
Derivative Liabilities
Derivative designated as hedges:
Foreign exchange contracts	$	7	$	9	Accounts payable and accrued liabilities
Foreign exchange contracts		26		77	Other Liabilities
Interest rate swaps		—		7	Accounts payable and accrued liabilities
	$	33	$	93
Derivative not designated as hedges:
Foreign exchange contracts		18		14	Accounts payable and accrued liabilities
Commodity contacts		2		—	Accounts payable and accrued liabilities
	$	20	$	14
	$	53	$	107

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

	(Stated in millions)
	Gain (Loss) Recognized in Income
	Second Quarter						Six Months
	2011			2010			2011			2010			Consolidated Statement of Income Classification
Derivatives designated as fair value hedges:
Foreign exchange contracts	$	5		$	—		$	7		$	(13	)	Cost of revenue — Oilfield Services
Interest rate swaps		5			4			5			9		Interest expense
	$	10		$	4		$	12		$	(4	)
Derivatives not designated as hedges:
Foreign exchange contracts	$	36		$	(38	)	$	15		$	(45	)	Cost of revenue — Oilfield Services
Commodity contracts		(3	)		(1	)		(2	)		(2	)	Cost of revenue — Oilfield Services
	$	33		$	(39	)	$	13		$	(47	)

Schedule of Derivative Instruments, Effect on Income and Other Comprehensive Income

	(Stated in millions)
	Gain (Loss) Reclassified
	from Accumulated OCI
	into Income
	Second Quarter					Six Months
	2011		2010			2011		2010			Consolidated Statement of Income Classification
Foreign exchange contracts	$	89	$	(200	)	$	314	$	(335	)	Cost of revenue — Oilfield Services
Foreign exchange contracts		6		(5	)		8		(6	)	Research & engineering
	$	95	$	(205	)	$	322	$	(341	)
	(Stated in millions)
	Gain (Loss)
	Recognized in OCI
	Second Quarter					Six Months
	2011		2010			2011		2010
Foreign exchange contracts	$	105	$	(264	)	$	296	$	(422	)