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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenues [1] $ 6,705,000,000 $ 2,985,000,000 $ 2,636,000,000
Costs and Expenses:      
Cost of operations 6,104,000,000 2,449,000,000 2,249,000,000
Project intangibles and inventory-related amortization 83,000,000    
Total cost of operations 6,187,000,000 2,449,000,000 2,249,000,000
Research and development expenses 20,000,000 5,000,000  
Selling, general and administrative expenses 282,000,000 204,000,000 183,000,000
Other intangibles amortization 62,000,000    
Transaction costs 48,000,000 9,000,000  
Restructuring and integration costs 134,000,000 0 11,000,000
Goodwill impairment [2] 2,168,000,000    
Other asset impairments 58,000,000 1,000,000 55,000,000
Other operating expense (income), net 3,000,000 (2,000,000)  
Total expenses 8,962,000,000 2,666,000,000 2,498,000,000
Income (loss) from investments in unconsolidated affiliates 13,000,000 (12,000,000)  
Investment in unconsolidated affiliates-related amortization (12,000,000)    
Operating (loss) income (2,256,000,000) 307,000,000 138,000,000
Other expense:      
Interest expense, net (259,000,000) (63,000,000) (59,000,000)
Other non-operating (expense) income, net (56,000,000) 5,000,000 3,000,000
Total other expense, net (315,000,000) (58,000,000) (56,000,000)
(Loss) income before provision for income taxes (2,571,000,000) 249,000,000 82,000,000
Income tax expense 104,000,000 69,000,000 42,000,000
Non-operating loss from investments in unconsolidated affiliates (3,000,000) (2,000,000) (4,000,000)
Net (loss) income (2,678,000,000) 178,000,000 36,000,000
Less: Net income (loss) attributable to noncontrolling interests 9,000,000 (1,000,000) 2,000,000
Net (loss) income attributable to McDermott (2,687,000,000) [3] 179,000,000 [4] 34,000,000 [4]
Dividends on redeemable preferred stock [3] (3,000,000)    
Accretion of redeemable preferred stock [3] (1,000,000)    
Net (loss) income attributable to common stockholders $ (2,691,000,000) [3] $ 179,000,000 [4] $ 34,000,000 [4]
Net (loss) income per share attributable to common stockholders      
Basic $ (17.94) [3] $ 1.97 [4] $ 0.43 [4]
Diluted $ (17.94) [3] $ 1.88 [4] $ 0.36 [4]
Shares used in the computation of net (loss) income per share      
Basic 150 [3] 91 [4] 80 [4]
Diluted 150 [3] 95 [4] 95 [4]
[1] Intercompany amounts have been eliminated in consolidation.
[2] Represents impairment of goodwill associated with our NCSA, EARC, APAC and Technology reporting units, resulting from our impairment assessment during the fourth quarter of 2018. See Note 9, Goodwill and Other Intangible Assets, for further discussion. The goodwill impairment values are included within the applicable operating group’s Operating loss.
[3] The effects of restricted stock, warrants and redeemable preferred stock were not included in the calculation of diluted earnings per share for 2018 due to the net loss for the period.
[4] Approximately 0.5 million and 0.7 million shares underlying outstanding stock-based awards in 2017 and 2016 were excluded from the computation of diluted earnings per share during those periods because the exercise price of those awards was greater than the average market price of our common stock, and the inclusion of such shares would have been antidilutive in each of those years.