SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Operating Information by Segment

Revenue and operating results from continuing operations for the three months ended March 31, 2020 and 2019 were as follows:

	Three Months Ended March 31,
	2020			2019
	(In millions)
Revenues:
NCSA	$	834		$	1,225
EARC		214			139
MENA		423			353
APAC		227			130
Storage Solutions		208			216
Total revenues	$	1,906		$	2,063
Operating income (loss):
Segment operating income (loss), prior to goodwill impairment:
NCSA	$	15		$	63
EARC		(9	)		6
MENA		(19	)		65
APAC		5			12
Storage Solutions		12			13
Total segment operating income, prior to goodwill impairment		4			159
Goodwill impairment (1)		(91	)		-
Total segment operating (loss) income		(87	)		159
Corporate (2)		(964	)		(184	)
Total operating loss	$	(1,051	)	$	(25	)

⁽¹⁾In the first quarter of 2020, we recognized $91 million of goodwill impairment associated with our EARC reporting segment, as discussed in Note 8, Goodwill and Other Intangible Assets.

⁽²⁾In the first quarter of 2020, in our Corporate results we recognized approximately $884 million impairment charge associated primarily with our vessels and fabrication yards, as discussed in Note 15, Fair Value Measurements.

Depreciation and amortization expense and capital expenditures for the three months ended March 31, 2020 and 2019 were as follows:

	Three Months Ended March 31,
	2020		2019
	(In millions)
Depreciation and amortization:
NCSA	$	8	$	10
EARC		2		3
MENA		5		9
APAC		3		5
Storage Solutions		11		11
Corporate		15		20
Depreciation and amortization - continuing operations		44		58
Depreciation and amortization - discontinued operations		16		18
Total depreciation and amortization	$	60	$	76
Capital expenditures (1):
NCSA	$	1	$	3
EARC		-		-
MENA		5		3
APAC		3		5
Storage Solutions		-		1
Corporate		16		6
Capital expenditures - continuing operations		25		18
Capital expenditures - discontinued operations		-		-
Total capital expenditures	$	25	$	18

^{(1) Capital expenditures reported represent cash purchases. At March 31, 2020 and 2019, we had approximately $47 million and $19 million, respectively, of accrued and unpaid capital expenditures reported in property, plant and equipment and accrued liabilities.}

Segment assets for continuing operations and discontinued operations as of March 31, 2020 and December 31, 2019 were as follows:

	March 31, 2020		December 31, 2019
	(In millions)
Segment assets (1):
NCSA	$	1,657	$	1,526
EARC		453		523
MENA		1,123		1,195
APAC		734		1,447
Storage Solutions		535		523
Corporate		1,347		1,044
Total assets - continuing operations	$	5,849	$	6,258
Total assets - discontinued operations		2,451		2,479
Total assets	$	8,300	$	8,737

^{(1) Our marine vessels are included in the segment in which they were located as of the reporting date.}