Business Segments (Tables)

9 Months Ended

Sep. 30, 2012

Operating results by segment are as follows (in millions):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenue:
Rig Technology	$	2,547		$	1,970		$	7,211		$	5,472
Petroleum Services & Supplies		1,717			1,460			5,197			4,084
Distribution & Transmission		1,315			480			2,659			1,313
Eliminations		(260	)		(170	)		(711	)		(470	)

Total Revenue	$	5,319		$	3,740		$	14,356		$	10,399

Operating Profit:
Rig Technology	$	598		$	523		$	1,699		$	1,456
Petroleum Services & Supplies		383			298			1,161			777
Distribution & Transmission		42			37			131			90
Unallocated expenses and eliminations		(125	)		(86	)		(337	)		(234	)

Total Operating Profit	$	898		$	772		$	2,654		$	2,089

Operating Profit %:
Rig Technology		23.5	%		26.5	%		23.6	%		26.6	%
Petroleum Services & Supplies		22.3	%		20.4	%		22.3	%		19.0	%
Distribution & Transmission		3.2	%		7.7	%		4.9	%		6.9	%
Total Operating Profit %		16.9	%		20.6	%		18.5	%		20.1	%

Other Costs by Segment

Other costs by segment are as follows (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Other costs:
Rig Technology	$	12	$	5	$	33	$	11
Petroleum Services & Supplies		—		1		3		17
Distribution & Transmission		36		—		44		1

Total other costs	$	48	$	6	$	80	$	29

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details