XML 37 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Segment and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Information on business segments
The following table presents information on our business segments.
 
Three Months Ended
June 30
Six Months Ended
June 30
Millions of dollars
2018
2017
2018
2017
Revenue:
 
 
 
 
Completion and Production
$
4,164

$
3,132

$
7,971

$
5,736

Drilling and Evaluation
1,983

1,825

3,916

3,500

Total revenue
$
6,147

$
4,957

$
11,887

$
9,236

Operating income:
 
 
 
 
Completion and Production
$
669

$
397

$
1,169

$
544

Drilling and Evaluation
191

125

379

247

Total operations
860

522

1,548

791

Corporate and other (a)
(71
)
(114
)
(140
)
(180
)
Impairments and other charges (b)
—

(262
)
(265
)
(262
)
Total operating income
$
789

$
146

$
1,143

$
349

Interest expense, net of interest income (c)
(137
)
(121
)
(277
)
(363
)
Other, net
(19
)
(26
)
(44
)
(44
)
Income (loss) from continuing operations before income taxes
$
633

$
(1
)
$
822

$
(58
)

(a) Corporate and other includes certain expenses not attributable to a particular business segment such as costs related to support functions and corporate executives.
(b) Represents a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela, consisting of receivables, fixed assets, inventory and other assets and liabilities during the six months ended June 30, 2018 and $262 million for a fair market value adjustment related to Venezuela during the three and six months ended June 30, 2017. There were no such charges for the three months ended June 30, 2018.
(c) Includes $104 million of costs related to the early extinguishment of $1.4 billion of senior notes in the six months ended June 30, 2017.