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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Revenues [1] $ 8,431,000,000 $ 6,705,000,000 $ 2,985,000,000
Costs and Expenses:      
Cost of operations 8,210,000,000 6,104,000,000 2,449,000,000
Project intangibles and inventory-related amortization 34,000,000 83,000,000  
Total cost of operations 8,244,000,000 6,187,000,000 2,449,000,000
Research and development expenses 36,000,000 20,000,000 5,000,000
Selling, general and administrative expenses 284,000,000 282,000,000 204,000,000
Other intangibles amortization 87,000,000 62,000,000  
Transaction costs 57,000,000 48,000,000 9,000,000
Restructuring and integration costs 114,000,000 134,000,000 0
Goodwill impairment [2] 1,430,000,000 2,168,000,000  
Intangible assets impairment 162,000,000    
Other asset impairments 18,000,000 58,000,000 1,000,000
Loss (gain) on asset disposals 104,000,000 3,000,000 (2,000,000)
Total expenses 10,536,000,000 8,962,000,000 2,666,000,000
Income (loss) from investments in unconsolidated affiliates 34,000,000 13,000,000 (12,000,000)
Investment in unconsolidated affiliates-related amortization (11,000,000) (12,000,000)  
Operating (loss) income (2,082,000,000) (2,256,000,000) 307,000,000
Other expense:      
Interest expense, net (735,000,000) (259,000,000) (63,000,000)
Other non-operating income (expense), net (9,000,000) (56,000,000) 5,000,000
Total other expense, net (744,000,000) (315,000,000) (58,000,000)
(Loss) income before provision for income taxes (2,826,000,000) (2,571,000,000) 249,000,000
Income tax expense 58,000,000 104,000,000 69,000,000
Non-operating loss from investments in unconsolidated affiliates   (3,000,000) (2,000,000)
Net (loss) income (2,884,000,000) (2,678,000,000) 178,000,000
Less: Net income (loss) attributable to noncontrolling interests 25,000,000 9,000,000 (1,000,000)
Net (loss) income attributable to McDermott (2,909,000,000) [3] (2,687,000,000) [3] 179,000,000 [4]
Dividends on redeemable preferred stock [3] (44,000,000) (3,000,000)  
Accretion of redeemable preferred stock [3] (16,000,000) (1,000,000)  
Net (loss) income attributable to common stockholders $ (2,969,000,000) [3] $ (2,691,000,000) [3] $ 179,000,000 [4]
Net (loss) income per share attributable to common stockholders      
Basic $ (16.31) [3] $ (17.94) [3] $ 1.97 [4]
Diluted $ (16.31) [3] $ (17.94) [3] $ 1.88 [4]
Shares used in the computation of net (loss) income per share      
Basic 182 [3] 150 [3] 91 [4]
Diluted 182 [3] 150 [3] 95 [4]
[1] Intercompany amounts have been eliminated in consolidation.
[2] Represents impairment of goodwill associated with our NCSA and EARC reporting units in 2019 and our NCSA, EARC, APAC and Technology reporting units in 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 2019 and 2018 due to the net losses for each such year.
[4] Approximately 0.5 million shares of underlying outstanding stock-based awards in 2017 were excluded from the computation of diluted earnings per share during such year 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 during such year.