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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues [1] $ 1,735 $ 789 $ 2,343 $ 1,308
Costs and Expenses:        
Cost of operations 1,486 650 1,962 1,079
Project related intangibles amortization 12   12  
Total cost of operations 1,498 650 1,974 1,079
Research and development expenses 5 1 5 1
Selling, general and administrative expenses 75 50 124 87
Other intangibles amortization 10   10  
Transaction costs 37   40  
Restructuring and integration costs 63   75  
Other operating expenses (income), net 1   1 (2)
Total expenses 1,689 701 2,229 1,165
Income (loss) from investments in unconsolidated affiliates 3 (3) (1) (6)
Operating income 49 85 113 137
Other expense:        
Interest expense, net (72) (22) (83) (39)
Other non-operating expense, net (16) (3) (14) (2)
Total other expense, net (88) (25) (97) (41)
(Loss) income before provision for income taxes (39) 60 16 96
Income tax (benefit) expense (84) 23 (63) 34
Non-operating loss from investments in unconsolidated affiliates   (1)   (2)
Net income 45 36 79 60
Less: Net (loss) income attributable to noncontrolling interests (2)   (3) 2
Net income attributable to McDermott $ 47 $ 36 $ 82 $ 58
Net income per share attributable to McDermott        
Basic $ 0.33 $ 0.38 $ 0.68 $ 0.67
Diluted $ 0.33 $ 0.38 $ 0.68 $ 0.62
Shares used in the computation of net income per share:        
Basic 144 94 120 87
Diluted 144 94 120 94
[1] Intercompany transactions were not significant for the three and six months ended June 30, 2018 and 2017, respectively.