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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2011
Accounting Policies [Abstract] |
Goodwill is identified by segment | Goodwill is identified by segment as follows (in millions):
|  |  | $000,00.00 |  |  |  | $000,00.00 |  |  |  | $000,00.00 |  |  |  | $000,00.00 |
|  | Rig Technology |  |  | Petroleum Services & Supplies |  |  | Distribution & Transmission |  |  | Total |
Balance at December 31, 2009 |  | $ | 1,567 |  |  | $ | 3,855 |  |  | $ | 67 |  |  | $ | 5,489 |
Goodwill acquired during period |  |  | 287 |  |  |  | 2 |  |  |  | 9 |  |  |  | 298 |
Currency translation adjustments |  |  | — |  |  |  | 2 |  |  |  | 1 |  |  |  | 3 |
Balance at December 31, 2010 |  |  | 1,854 |  |  |  | 3,859 |  |  |  | 77 |  |  |  | 5,790 |
Goodwill acquired during period |  |  | 117 |  |  |  | 233 |  |  |  | 27 |  |  |  | 377 |
Currency translation adjustments and other |  |  | (12 | ) |  |  | (3 | ) |  |  | (1 | ) |  |  | (16 | )
Balance at December 31, 2011 |  | $ | 1,959 |  |  | $ | 4,089 |  |  | $ | 103 |  |  | $ | 6,151 |
Identified intangible assets identified by segment |
|  | Rig Technology |  |  | Petroleum Services & Supplies |  |  | Distribution & Transmission |  |  | Total |
Balance at December 31, 2009 |  | $ | 416 |  |  | $ | 3,630 |  |  | $ | 6 |  |  | $ | 4,052 |
Additions to intangible assets |  |  | 291 |  |  |  | 8 |  |  |  | — |  |  |  | 299 |
Amortization |  |  | (38 | ) |  |  | (206 | ) |  |  | (1 | ) |  |  | (245 | )
Currency translation adjustments |  |  | (3 | ) |  |  | — |  |  |  | — |  |  |  | (3 | )
Balance at December 31, 2010 |  |  | 666 |  |  |  | 3,432 |  |  |  | 5 |  |  |  | 4,103 |
Additions to intangible assets |  |  | 70 |  |  |  | 176 |  |  |  | 27 |  |  |  | 273 |
Amortization |  |  | (60 | ) |  |  | (213 | ) |  |  | (3 | ) |  |  | (276 | )
Currency translation adjustments and other |  |  | (22 | ) |  |  | (4 | ) |  |  | (1 | ) |  |  | (27 | )
Balance at December 31, 2011 |  | $ | 654 |  |  | $ | 3,391 |  |  | $ | 28 |  |  | $ | 4,073 |
Identified intangible assets by major classification |
|  | Gross |  |  | Accumulated Amortization |  |  | Net Book Value |
December 31, 2010: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 2,933 |  |  | $ | (536 | ) |  | $ | 2,397 |
Trademarks |  |  | 677 |  |  |  | (95 | ) |  |  | 582 |
Indefinite-lived trade names |  |  | 643 |  |  |  | — |  |  |  | 643 |
Other |  |  | 655 |  |  |  | (174 | ) |  |  | 481 |
Total identified intangibles |  | $ | 4,908 |  |  | $ | (805 | ) |  | $ | 4,103 |
December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 3,044 |  |  | $ | (717 | ) |  | $ | 2,327 |
Trademarks |  |  | 716 |  |  |  | (122 | ) |  |  | 594 |
Indefinite-lived trade names |  |  | 643 |  |  |  | — |  |  |  | 643 |
Other |  |  | 751 |  |  |  | (242 | ) |  |  | 509 |
Total identified intangibles |  | $ | 5,154 |  |  | $ | (1,081 | ) |  | $ | 4,073 |
Changes in the carrying amount of service and product warranties |
Balance at December 31, 2009 |  | $ | 217 |
Net provisions for warranties issued during the year |  |  | 52 |
Amounts incurred |  |  | (45 | )
Currency translation adjustments |  |  | (9 | )
Balance at December 31, 2010 |  | $ | 215 |
Net provisions for warranties issued during the year |  |  | 40 |
Amounts incurred |  |  | (47 | )
Currency translation adjustments and other |  |  | 3 |
Balance at December 31, 2011 |  | $ | 211 |
Computation of weighted average basic and diluted shares outstanding |
|  | Years Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Company |  | $ | 1,994 |  |  | $ | 1,667 |  |  | $ | 1,469 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic—weighted average common shares outstanding |  |  | 422 |  |  |  | 417 |  |  |  | 416 |
Dilutive effect of employee stock options and other unvested stock awards |  |  | 2 |  |  |  | 2 |  |  |  | 1 |
Diluted outstanding shares |  |  | 424 |  |  |  | 419 |  |  |  | 417 |
Basic earnings attributable to Company per share |  | $ | 4.73 |  |  | $ | 3.99 |  |  | $ | 3.53 |
Diluted earnings attributable to Company per share |  | $ | 4.70 |  |  | $ | 3.98 |  |  | $ | 3.52 |
Cash dividends per share |  | $ | 0.45 |  |  | $ | 0.41 |  |  | $ | 1.10 |

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- Definition Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 260 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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