Business Segments (Tables)

6 Months Ended

Jun. 30, 2014

The Company's operations are organized into three separate business segments – Drilling & Production Systems (DPS), Valves & Measurement (V&M) and PCS. Summary financial data by segment follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Revenues:
DPS	$	1,903		$	1,438		$	3,608		$	2,707
V&M		536			534			1,028			1,056
PCS		202			237			436			507
	$	2,641		$	2,209		$	5,072		$	4,270

Income (loss) before income taxes:
DPS	$	235		$	196		$	418		$	350
V&M		107			109			201			222
PCS		13			17			28			37
Corporate & other		(69	)		(122	)		(191	)		(229	)
	$	286		$	200		$	456		$	380

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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