SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Operating Information by Segment

Operating Information by Segment

	Year ended December 31,
	2019			2018			2017
	(In millions)
Revenues:
NCSA	$	4,627		$	3,928		$	246
EARC		761			271			19
MENA		1,790			1,704			2,120
APAC		666			411			600
Technology		587			391			-
Total revenues	$	8,431		$	6,705		$	2,985
Operating (loss) income:
Segment operating (loss) income:
NCSA	$	(1,546	)	$	(1,537	)	$	(4	)
EARC		(319	)		(74	)		(13	)
MENA		181			328			451
APAC		1			56			93
Technology		156			(519	)		-
Total segment operating (loss) income		(1,527	)		(1,746	)		527
Corporate (1)		(555	)		(510	)		(220	)
Total operating (loss) income	$	(2,082	)	$	(2,256	)	$	307
Goodwill impairment (2):
NCSA	$	1,111		$	1,484		$	-
EARC		319			40			-
APAC		-			52			-
Technology		-			592			-
Total goodwill impairment	$	1,430		$	2,168		$	-
Depreciation and amortization:
NCSA	$	65		$	59		$	26
EARC		14			13			-
MENA		50			51			31
APAC		15			19			36
Technology		74			92			-
Corporate		49			45			8
Total depreciation and amortization	$	267		$	279		$	101
Capital expenditures (3):
NCSA	$	7		$	5		$	23
EARC		2			-			-
MENA		18			19			31
APAC		8			12			9
Technology		2			-			-
Corporate (4)		55			50			56
Total Capital expenditures	$	92		$	86		$	119
Income (loss) from investments in unconsolidated affiliates:
NCSA	$	1		$	-		$	(1	)
EARC		(5	)		(5	)		(4	)
MENA		12			5			-
APAC		4			(8	)		(7	)
Technology		27			27			-
Corporate		(5	)		(6	)		-
Total income (loss) from investments in unconsolidated affiliates:	$	34		$	13		$	(12	)

	December 31,
	2019		2018
	(In millions)
Segment assets:
NCSA	$	1,826	$	3,257
EARC		554		1,169
MENA		1,317		1,472
APAC		1,518		1,147
Technology		2,590		2,752
Corporate (5)		932		(357	)
Total assets	$	8,737	$	9,440
Investments in unconsolidated affiliates (6):
EARC	$	1	$	2
MENA		70		60
APAC		3		-
Technology		381		385
Corporate		-		5
Total investments in unconsolidated affiliates	$	455	$	452

⁽¹⁾ Corporate operating results include:

2019

• $57 million in transaction costs (see Note 12, Restructuring and Integrations Costs and Transaction Costs);

• $114 million in restructuring and integration costs (see Note 12, Restructuring and Integrations Costs and Transaction Costs); and

• $18 million of impairment charges associated with our marine vessels (see Note 16, Fair Value Measurements).

2018

• $48 million in transaction costs associated with the Combination;

• $134 million in restructuring and integration costs;

• $58 million of vessel related impairment charges; and

• $25 million of expense associated with the need to make alternate arrangements for a third-party vessel charter, because the previously designated vessel was withdrawn from the market.  

2017

• $4 million gain on sale of assets; and

• $9 million in transaction costs associated with the Combination (see Note 3, Business Combination).

⁽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⁾ Capital expenditures reported represent cash purchases. At December 31, 2019, 2018 and 2017, we had approximately $160 million, $26 million and $8 million, respectively, of accrued and unpaid capital expenditures reported in PP&E and accrued liabilities.

⁽⁴⁾ Corporate capital expenditures in 2019 and 2018 include upgrades to the Amazon. Corporate capital expenditures in 2017 include the purchase of the Amazon, a pipelay and construction vessel described in Note 14, Lease Obligations. Following the purchase, we sold this vessel to an unrelated third party and simultaneously entered into an 11-year bareboat charter agreement.

⁽⁵⁾ Corporate assets at December 31, 2018 include negative cash balances associated with our international cash pooling program, which ceased in the fourth quarter of 2019.

⁽⁶⁾ The Consolidated Balance Sheets as of December 31, 2019 and 2018 include approximately $48 million and $15 million of accounts receivable, respectively, from our unconsolidated affiliates.

Significant Impact of Customers on Company Segments

Our significant customers by segments during 2019, 2018 and 2017 were as follows:

	% of
	Consolidated	Reportable
	Revenues	Segment
Year Ended December 31, 2019:
Saudi Aramco	11%	MENA
Year Ended December 31, 2018:
Saudi Aramco	19%	MENA
Cameron LNG	10%	NCSA
Year Ended December 31, 2017:
Saudi Aramco	63%	MENA
Inpex Operations Australia Pty Ltd	11%	APAC

Operating Information about Revenues by Geography

Operating Information by Geography

	Year Ended December 31,
	2019		2018		2017
	(In millions)
Geographic revenues:
United States	$	4,431	$	3,695	$	102
Saudi Arabia		999		1,304		1,965
Qatar		467		173		149
India		373		144		201
Denmark		332		118		-
Russia		303		96		-
United Arab Emirates		271		130		5
Mexico		216		191		143
Australia		168		253		344
Other countries		871		601		76
Total revenue	$	8,431	$	6,705	$	2,985

Operating Information about Property, Plant and Equipment, Net by Geography

	December 31,
	2019		2018
	(In millions)
Property, plant and equipment, net (1):
India	$	798	$	429
United States		324		797
Netherlands		222		-
Sri Lanka		209		-
Mexico		180		192
Qatar		160		2
Indonesia		47		246
Other countries		189		401
Total property, plant and equipment, net	$	2,129	$	2,067

⁽¹⁾ Our marine vessels are included in the area in which they were located as of the reporting date.