Business Segments (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Summary of Financial Information of Company's Reportable Segments

The following table presents financial information for each of the Company’s reportable segments as of and for the year ended December 31 (in millions):

	United States			Canada			International		Total
2015
Revenue	$	2,027		$	378		$	605	$	3,010
Operating profit (loss)		(515	)		(1	)		6		(510	)
Impairment of goodwill		(393	)		—			—		(393	)
Depreciation and amortization		26			3			9		38
Long-lived assets:
Property, plant and equipment, net		119			16			30		165
Goodwill		—			88			117		205
Intangibles, net		95			2			64		161
Total assets		1,266			300			266		1,832
2014
Revenue	$	2,793		$	669		$	643	$	4,105
Operating profit		89			47			45		181
Depreciation and amortization		16			3			2		21
Long-lived assets:
Property, plant and equipment, net		101			20			3		124
Goodwill		220			101			25		346
Intangibles, net		58			1			14		73
Total assets		1,733			500			363		2,596
2013
Revenue	$	2,863		$	773		$	660	$	4,296
Operating profit		134			47			43		224
Depreciation and amortization		11			3			3		17
Long-lived assets:
Property, plant and equipment, net		86			13			3		102
Goodwill		202			109			22		333
Intangibles, net		50			2			16		68
Total assets		1,582			411			190		2,183

Schedule of Comparison of Approximate Sales Mix in Principal Product Categories

The following table presents a comparison of the approximate sales mix in the principal product categories (in millions):

	Year Ended December 31,
	2015		2014		2013
Product Category
Drilling and production	$	632	$	991	$	987
Pipe		509		723		845
Valves		538		801		839
Fittings and flanges		448		667		664
Mill tool, MRO, safety and other		883		923		961
Total	$	3,010	$	4,105	$	4,296