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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).