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Charges and Credits (Tables)
6 Months Ended
Jun. 30, 2013
Restructuring And Related Activities [Abstract]  
Summary of the Charges

The following is a summary of the charges and credits recorded during the second quarter of 2013:

 

     (Stated in millions)        
     Pretax     Tax      Net     Consolidated Statement
of Income Classification
 

Gain on formation of OneSubsea joint venture

   $ (1,028   $ —         $ (1,028     Gain on formation of OneSubsea   

Impairment of equity-method investments

     364        19         345        Impairment & other   
  

 

 

   

 

 

    

 

 

   
   $ (664   $ 19       $ (683  
  

 

 

   

 

 

    

 

 

   

 

The following is a summary of the charges and credits recorded during the first six months of 2013:

 

     (Stated in millions)      
     Pretax     Tax      Net     Consolidated Statement
of Income Classification

Gain on formation of OneSubsea joint vwenture

   $ (1,028   $ —         $ (1,028   Gain on formation of OneSubsea

Impairment of equity-method investments

     364        19         345      Impairment & other

Currency devaluation loss in Venezuela

     92        —           92      Impairment & other
  

 

 

   

 

 

    

 

 

   
   $ (572   $ 19       $ (591  
  

 

 

   

 

 

    

 

 

   
Summary of Merger and Integration Related Charges

These amounts are classified in Merger & integration in the Consolidated Statement of Income.

 

     (Stated in millions)  
     Pretax      Tax      Net  

First Quarter

   $ 15       $ 2       $ 13   

Second Quarter

     22         1         21   
  

 

 

    

 

 

    

 

 

 
   $ 37       $ 3       $ 34