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Subsequent Events | 3 Months Ended
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Mar. 31, 2012
Subsequent Events [Abstract] |
Subsequent Events | 13. Subsequent Events On April 4, 2012, the Company completed its previously announced acquisition of NKT Flexibles I/S (“NKT”) for approximately $0.7 billion in cash. Prior to acquisition, NKT was a joint venture between NKT Holding and Subsea 7 S.A. and is based in Denmark. The company designs and manufactures flexible pipe products and systems for the offshore oil and gas industry, including products associated with Floating Production, Storage and Offloading vessels and other offshore vessels, as well as subsea production systems including flowlines and flexible risers. The Company will report the NKT results within its Rig Technology segment. On April 10, 2012, the Company entered into an agreement with Schlumberger Limited to purchase its Wilson distribution business segment for approximately $0.8 billion in cash. Wilson is a leading distributor of pipe, valves and fittings as well as mill, tool and safety products and services to the international energy business and to other industrial customers. This transaction is subject to customary closing conditions, including approval from the relevant competition authorities. Upon closing, the Company expects to report the Wilson results within its Distribution & Transmission segment.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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