XML 20 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Services $ 4,808 $ 3,702 $ 9,196 $ 6,853
Product sales 1,339 1,255 2,691 2,383
Total revenue 6,147 4,957 11,887 9,236
Operating costs and expenses:        
Cost of services 4,221 3,453 8,228 6,556
Cost of sales 1,072 1,021 2,128 1,939
General and administrative 65 75 123 130
Impairments and other charges [1] 0 262 265 262
Total operating costs and expenses 5,358 4,811 10,744 8,887
Operating income 789 146 1,143 349
Interest expense, net of interest income (137) (121) (277) (363) [2]
Other, net (19) (26) (44) (44)
Income (loss) from continuing operations before income taxes 633 (1) 822 (58)
Income tax (provision) benefit (125) 29 (267) 54
Net income (loss) 508 28 555 (4)
Net income attributable to noncontrolling interest 3 0 2 0
Net income (loss) attributable to company $ 511 $ 28 $ 557 $ (4)
Basic net income per share $ 0.58 $ 0.03 $ 0.64 $ 0.00
Diluted net income per share $ 0.58 $ 0.03 $ 0.63 $ 0.00
Basic weighted average common shares outstanding (in shares) 877 869 876 868
Diluted weighted average common shares outstanding (in shares) 880 871 879 868
Cash dividends per share $ 0.18 $ 0.18 $ 0.36 $ 0.36
[1] 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.
[2] 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.