SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Information about Operations in Different Segments

Summarized financial information for the three and nine months ended September 30, 2018 and 2017 is as follows:

	Three months ended September 30,						Nine months ended September 30,
	2018			2017			2018			2017
	(In millions)
Revenues (1):
NCSA	$	1,516		$	61		$	2,609		$	131
EARC		77			-			151			18
MENA		473			736			1,287			1,603
APAC		75			162			332			515
Technology		148			-			253			-
Total revenues	$	2,289		$	959		$	4,632		$	2,267
Operating income:
Segment operating income:
NCSA	$	97		$	(3	)	$	148		$	(8	)
EARC		(13	)		(5	)		(24	)		(8	)
MENA		89			164			256			346
APAC		9			21			125			74
Technology		20			-			45			-
Total segment operating income		202			177			550			404
Corporate (2)		(73	)		(52	)		(308	)		(142	)
Total operating income	$	129		$	125		$	242		$	262
Depreciation and amortization:
NCSA	$	21		$	5		$	37		$	16
EARC		5			-			8			-
MENA		19			13			35			35
APAC		3			8			12			21
Technology		45			-			59			-
Corporate		14			2			36			6
Depreciation and amortization	$	107		$	28		$	187		$	78
Capital expenditures:
NCSA	$	2		$	6		$	4		$	21
EARC		-			-			-			-
MENA		2			7			9			18
APAC		4			2			9			8
Technology		-			-			-			-
Corporate (3)		11			1			40			50
Total Capital expenditures	$	19		$	16		$	62		$	97

⁽¹⁾ Intercompany transactions were not significant for the three and nine months ended September 30, 2018 and 2017, respectively.

⁽²⁾ Corporate operating results for the three and nine months ended September 30, 2018 include $31 million and $106 million of restructuring and integration costs, respectively. See Note 11, Restructuring and Integration Costs, for further discussion. Corporate operating results for the three and nine months ended September 30, 2018 also include $5 million and $45 million of transaction costs, respectively. See Note 3, Business Combination, for further discussion. Corporate operating results for the three and nine months ended September 30, 2017 includes approximately $3 million of gain on sale of assets.

⁽¹⁾ Corporate and other capital expenditures in the first nine months of 2017 include the purchase of the Amazon, a pipelay and construction vessel described further in Note 13, Lease Obligations.

Information about Assets by Segment

Our assets by segment at September 30, 2018 and December 31, 2017 were as follows:

	September 30, 2018			December 31, 2017
	(In millions)
Segment assets:
NCSA	$	2,548		$	917
EARC		601			3
MENA		1,595			1,022
APAC		649			887
Technology		979			-
Corporate (1)		(30	)		394
Total tangible assets		6,342			3,223
Goodwill		4,708			-
Other intangibles, net		1,006			-
Total assets (2)	$	12,056		$	3,223

⁽¹⁾ Corporate assets at September 30, 2018 include negative cash balances associated with our international cash pooling program.

⁽²⁾ Our marine vessels are included in the area in which they were located as of the reporting date.