Charges and Credits (Tables)

12 Months Ended

Dec. 31, 2015

Restructuring And Related Activities [Abstract]

Summary of the Charges

The following is a summary of these charges and credits, all of which were classified as Impairments & other in the Consolidated Statement of Income:

	(Stated in millions)
	Pretax		Tax		Net
Workforce reductions.....................................	$	920	$	107	$	813
Fixed asset impairments....................................		776		141		635
Inventory write-downs.....................................		269		27		242
Impairment of SPM project.................................		182		36		146
Facility closures.........................................		177		37		140
Geopolitical events.......................................		77		-		77
Currency devaluation loss in Venezuela.........................		49		-		49
Contract termination costs..................................		41		2		39
Other................................................		84		7		77
	$	2,575	$	357	$	2,218

The following is a summary of these charges, all of which were classified as Impairments & other in the Consolidated Statement of Income:

	(Stated in millions)
	Pretax		Tax		Net
WesternGeco restructuring..................................	$	806	$	25	$	781
Currency devaluation loss in Venezuela.........................		472		-		472
Workforce reduction......................................		296		37		259
Impairment of SPM project.................................		199		72		127
	$	1,773	$	134	$	1,639

The following is a summary of these charges and credits:

	(Stated in millions)
	Pretax			Tax		Net
Gain on formation of OneSubsea joint venture.....................	$	(1,028	)	$	-	$	(1,028	)
Impairment of equity method investments........................		364			19		345
Provision for accounts receivable..............................		152			30		122
Currency devaluation loss in Venezuela.........................		92			-		92
	$	(420	)	$	49	$	(469	)