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v3.19.3

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Revenue: |  |  |  |  |
Revenue |  | $ 5,550 | $ 6,172 | $ 17,217 | $ 18,059
Operating costs and expenses: |  |  |  |  |
Impairments and other charges | [1] | 0 | 0 | 308 | 265
General and administrative |  | 53 | 72 | 168 | 195
Total operating costs and expenses |  | 5,014 | 5,456 | 16,013 | 16,200
Operating income |  | 536 | 716 | 1,204 | 1,859
Interest expense, net of interest income |  | (141) | (140) | (428) | (417)
Other, net |  | (23) | (42) | (61) | (86)
Income (loss) from continuing operations before income taxes |  | 372 | 534 | 715 | 1,356
Income tax (provision) benefit |  | (76) | (100) | (190) | (367)
Net income (loss) |  | 296 | 434 | 525 | 989
Net (income) loss attributable to noncontrolling interest |  | (1) | 1 | (3) | 3
Net income (loss) attributable to company |  | $ 295 | $ 435 | $ 522 | $ 992
Basic and diluted net income per share |  | $ 0.34 | $ 0.50 | $ 0.60 | $ 1.13
Basic weighted average common shares outstanding (in shares) |  | 876 | 877 | 874 | 876
Diluted weighted average common shares outstanding (in shares) |  | 876 | 878 | 875 | 879
Services [Member] |  |  |  |  |
Revenue: |  |  |  |  |
Revenue |  | $ 4,207 | $ 4,800 | $ 13,118 | $ 13,996
Operating costs and expenses: |  |  |  |  |
Cost of services and sales |  | 3,860 | 4,280 | 12,220 | 12,508
Product sales [Member] |  |  |  |  |
Revenue: |  |  |  |  |
Revenue |  | 1,343 | 1,372 | 4,099 | 4,063
Operating costs and expenses: |  |  |  |  |
Cost of services and sales |  | $ 1,101 | $ 1,104 | $ 3,317 | $ 3,232
[1] | For the nine months ended September 30, 2019, amount includes $127 million attributable to Completion and Production, $153 million attributable to Drilling and Evaluation, and $28 million attributable to Corporate and other. During the nine months ended September 30, 2018, we recognized a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela. See Note 2 for further discussion on these impairments and other charges. There were no such impairments and other charges recorded during the three months ended September 30, 2019 or 2018.

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