XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2018
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Our operating segments are organized based on the nature of markets and customers. We report our operating results through four operating segments as described below. OILFIELD SERVICES Oilfield Services provides products and services for onshore and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. Products and services include diamond and tri-cone drill bits, drilling services, including directional drilling technology, measurement while drilling & logging while drilling, downhole completion tools and systems, wellbore intervention tools and services, wireline services, drilling and completions fluids, oilfield and industrial chemicals, pressure pumping, and artificial lift technologies, including electrical submersible pumps. OILFIELD EQUIPMENT Oilfield Equipment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface. Products and services include pressure control equipment and services, subsea production systems and services, drilling equipment, and flexible pipeline systems. Oilfield Equipment designs and manufactures onshore and offshore drilling and production systems and equipment for floating production platforms and provides a full range of services related to onshore and offshore drilling activities. TURBOMACHINERY & PROCESS SOLUTIONS Turbomachinery & Process Solutions provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry as well as products and services to serve the downstream segments of the industry including refining, petrochemical, distributed gas, flow and process control and other industrial applications. The Turbomachinery & Process Solutions portfolio includes drivers (aero-derivative gas turbines, heavy-duty gas turbines and synchronous and induction electric motors), compressors (centrifugal and axial, direct drive high speed, integrated, subsea compressors, turbo expanders and reciprocating), turn-key solutions (industrial modules and waste heat recovery), pumps, valves, and compressed natural gas (CNG) and small-scale liquefied natural gas (LNG) solutions used primarily for shale oil and gas field development. DIGITAL SOLUTIONS Digital Solutions provides equipment and services for a wide range of industries, including oil & gas, power generation, aerospace, metals, and transportation. The offerings include sensor-based measurement, non-destructive testing and inspection, turbine, generator and plant controls and condition monitoring, as well as pipeline integrity solutions. SEGMENT RESULTS Summarized financial information is shown in the following tables. Consistent accounting policies have been applied by all segments within the Company, for all reporting periods. The current period results may not be comparable to prior periods as the current period includes the results of Baker Hughes.
| Three Months Ended June 30, | Six Months Ended June 30,
Segments revenue | 2018 | 2017 | 2018 | 2017
Oilfield Services | $ | 2,884 |  | $ | 228 |  | $ | 5,562 |  | $ | 440 |
Oilfield Equipment | 617 |  | 681 |  | 1,281 |  | 1,397 |
Turbomachinery & Process Solutions | 1,385 |  | 1,586 |  | 2,845 |  | 3,230 |
Digital Solutions | 662 |  | 520 |  | 1,260 |  | 1,011 |
Total | $ | 5,548 |  | $ | 3,015 |  | $ | 10,947 |  | $ | 6,079 |
The performance of our operating segments is evaluated based on segment operating income (loss), which is defined as income (loss) before income taxes and equity in loss of affiliate and before the following: net interest expense, net other non operating income (loss), corporate expenses, restructuring, impairment and other charges, inventory impairments, merger and related costs and certain gains and losses not allocated to the operating segments.
| Three Months Ended June 30, | Six Months Ended June 30,
Segment income (loss) before income taxes | 2018 | 2017 | 2018 | 2017
Oilfield Services | $ | 189 |  | $ | (66 | ) | $ | 330 |  | $ | (123 | )
Oilfield Equipment | (12 | ) | 17 |  | (18 | ) | 67 |
Turbomachinery & Process Solutions | 113 |  | 122 |  | 232 |  | 374 |
Digital Solutions | 96 |  | 79 |  | 169 |  | 163 |
Total segment | 387 |  | 152 |  | 714 |  | 481 |
Corporate | (98 | ) | (70 | ) | (196 | ) | (190 | )
Inventory impairment (1) | (15 | ) | (4 | ) | (76 | ) | (19 | )
Restructuring, impairment and other | (146 | ) | (59 | ) | (308 | ) | (101 | )
Merger and related costs | (50 | ) | (85 | ) | (96 | ) | (151 | )
Other non operating income, net | 43 |  | 50 |  | 45 |  | 58 |
Interest expense, net | (63 | ) | (14 | ) | (109 | ) | (34 | )
Total | $ | 58 |  | $ | (30 | ) | $ | (27 | ) | $ | 44 |
(1) | Charges for inventory impairments are reported in the "Cost of goods sold" caption of the condensed consolidated and combined statements of income (loss).

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration