Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | |||||||
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Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
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Revenue: | |||||||||
Services | $ 2,640 | $ 4,271 | $ 5,625 | $ 9,461 | |||||
Product sales | 1,195 | 1,648 | 2,408 | 3,508 | |||||
Total revenue | 3,835 | 5,919 | 8,033 | 12,969 | |||||
Operating costs and expenses: | |||||||||
Cost of services | 2,777 | 3,971 | 5,733 | 8,794 | |||||
Cost of sales | 955 | 1,262 | 1,924 | 2,724 | |||||
Baker Hughes related costs and termination fee | 3,519 | 83 | 4,057 | 122 | |||||
Impairments and other charges | [1] | 423 | 306 | 3,189 | 1,514 | ||||
General and administrative | 41 | 43 | 89 | 109 | |||||
Total operating costs and expenses | 7,715 | 5,665 | 14,992 | 13,263 | |||||
Operating income (loss) | (3,880) | 254 | (6,959) | (294) | |||||
Interest expense, net of interest income | [2] | (196) | (106) | (361) | (212) | ||||
Other, net | (31) | (23) | (78) | (247) | |||||
Income (loss) from continuing operations before income taxes | (4,107) | 125 | (7,398) | (753) | |||||
Income tax benefit (provision) | 902 | (71) | 1,777 | 170 | |||||
Income (loss) from continuing operations | (3,205) | 54 | (5,621) | (583) | |||||
Income (loss) from discontinued operations, net of income tax (provision) benefit | 0 | (1) | (2) | (5) | |||||
Net income (loss) | (3,205) | 53 | (5,623) | (588) | |||||
Net (income) loss attributable to noncontrolling interest | (3) | 1 | 3 | (1) | |||||
Net income (loss) attributable to company | (3,208) | 54 | (5,620) | (589) | |||||
Amounts attributable to company shareholders: | |||||||||
Income (loss) from continuing operations | (3,208) | 55 | (5,618) | (584) | |||||
Income (loss) from discontinued operations, net | 0 | (1) | (2) | (5) | |||||
Net income (loss) attributable to company | $ (3,208) | $ 54 | $ (5,620) | $ (589) | |||||
Basic income per share attributable to company shareholders: | |||||||||
Income (loss) from continuing operations (in dollars per share) | $ (3.73) | $ 0.06 | $ (6.54) | $ (0.69) | |||||
Income (loss) from discontinued operations, net (in dollars per share) | 0.00 | 0.00 | 0.00 | (0.01) | |||||
Net income (loss) per share (in dollars per share) | (3.73) | 0.06 | (6.54) | (0.70) | |||||
Diluted income per share attributable to company shareholders: | |||||||||
Income (loss) from continuing operations (in dollars per share) | (3.73) | 0.06 | (6.54) | (0.69) | |||||
Income (loss) from discontinued operations, net (in dollars per share) | 0.00 | 0.00 | 0.00 | (0.01) | |||||
Net (loss) income per share (in dollars per share) | (3.73) | 0.06 | (6.54) | (0.70) | |||||
Cash dividends per share | $ 0.18 | $ 0.18 | $ 0.36 | $ 0.36 | |||||
Basic weighted average common shares outstanding (in shares) | 860 | 852 | 859 | 851 | |||||
Diluted weighted average common shares outstanding (in shares) | 860 | 854 | 859 | 851 | |||||
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X | ||||||||||
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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