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Charges and Credits (Tables)
6 Months Ended
Jun. 30, 2017
Restructuring And Related Activities [Abstract]  
Summary of Charges and Credits

The following is a summary of the charges and credits recorded during the first six months of 2017:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling

 

 

 

 

 

 

Pretax

 

 

Tax

 

 

Interests

 

 

Net

 

Promissory note fair value adjustment and other

$

510

 

 

$

-

 

 

$

12

 

 

$

498

 

Merger & integration

 

164

 

 

 

31

 

 

 

-

 

 

 

133

 

 

$

674

 

 

$

31

 

 

$

12

 

 

$

631

 

The following is a summary of the charges and credits recorded during the second quarter of 2016:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

Tax

 

 

Net

 

Impairments & other

 

 

 

 

 

 

 

 

 

 

 

Workforce reduction

$

646

 

 

$

63

 

 

$

583

 

North America pressure pumping asset impairments

 

209

 

 

 

67

 

 

 

142

 

Facilities impairments

 

165

 

 

 

58

 

 

 

107

 

Other fixed asset impairments

 

684

 

 

 

52

 

 

 

632

 

Inventory write-downs

 

616

 

 

 

49

 

 

 

567

 

Multiclient seismic data impairment

 

198

 

 

 

62

 

 

 

136

 

Other restructuring charges

 

55

 

 

 

-

 

 

 

55

 

Merger & integration

 

 

 

 

 

 

 

 

 

 

 

Merger-related employee benefits

 

47

 

 

 

7

 

 

 

40

 

Professional fees

 

45

 

 

 

10

 

 

 

35

 

Facility closure costs

 

40

 

 

 

10

 

 

 

30

 

Other merger and integration-related

 

53

 

 

 

9

 

 

 

44

 

Amortization of inventory fair value adjustment

 

150

 

 

 

45

 

 

 

105

 

 

$

2,908

 

 

$

432

 

 

$

2,476