Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 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
	Sept. 30,		Dec. 31,
	2011		2010		*Consolidated Balance Sheet* Classification
Derivative Assets
Derivatives designated as hedges:
Foreign exchange contracts	$	9	$	4	Other current assets
Foreign exchange contracts		—		37	Other Assets
Interest rate swaps		12		14	Other Assets

	$	21	$	55


Derivatives not designated as hedges:
Commodity contracts	$	—	$	3	Other current assets
Foreign exchange contracts		25		9	Other current assets
Foreign exchange contracts		23		9	Other Assets

	$	48	$	21

	$	69	$	76

Derivative Liabilities
Derivatives designated as hedges:
Foreign exchange contracts	$	19	$	9	Accounts payable and accrued liabilities
Foreign exchange contracts		134		77	Other Liabilities
Interest rate swaps		—		7	Accounts payable and accrued liabilities

	$	153	$	93


Derivatives not designated as hedges:
Foreign exchange contracts	$	20	$	14	Accounts payable and accrued liabilities
Commodity contacts		6		—	Accounts payable and accrued liabilities

	$	26	$	14

	$	179	$	107

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


	(Stated in millions)
	Gain (Loss) Reclassified from Accumulated OCI into Income
	Third Quarter						Nine Months					*Consolidated Statement*
	2011			2010			2011		2010			of Income Classification
Foreign exchange contracts	$	(171	)	$	186		$	143	$	(149	)	Cost of revenue — Oilfield Services
Foreign exchange contracts		6			(6	)		14		(12	)	Research & engineering

	$	(165	)	$	180		$	157	$	(161	)


	(Stated in millions)
	Gain (Loss) Recognized in OCI
	Third Quarter						Nine Months
	2011			2010			2011		2010
Foreign exchange contracts	$	(258	)	$	217		$	38	$	(205	)

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


	(Stated in millions)
	Gain (Loss) Recognized in Income
	Third Quarter					Nine Months						*Consolidated Statement*
	2011			2010		2011			2010			of Income Classification
Derivatives designated as fair value hedges:
Foreign exchange contracts	$	1		$	5	$	8		$	(8	)	Cost of revenue — Oilfield Services
Interest rate swaps		2			10		7			19		Interest expense

	$	3		$	15	$	15		$	11


Derivatives not designated as hedges:
Foreign exchange contracts	$	(12	)	$	43	$	3		$	(2	)	Cost of revenue — Oilfield Services
Commodity contracts		(5	)		1		(7	)		(1	)	Cost of revenue — Oilfield Services

	$	(17	)	$	44	$	(4	)	$	(3	)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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