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Charges and Credits (Tables)
 9 Months Ended
Sep. 30, 2013
Summary of the Charges

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

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Statement

of Income Classification

 

Pretax

 

 

Tax

 

 

Net

 

 

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 nine months of 2013:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Statement

of Income Classification

 

Pretax

 

 

Tax

 

 

Net

 

 

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

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             

$

  14

 

 

$

  1

 

 

$

  13

 

Second Quarter             

 

  22

 

 

 

  1

 

 

 

  21

 

Third Quarter             

 

  32

 

 

 

  4

 

 

 

  28

 

 

$

  68

 

 

$

  6

 

 

$

  62