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Business Segments (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Operating Results by Segment

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

 

     Three Months Ended
March 31,
 
     2013     2012  

Revenue:

    

Rig Technology

   $ 2,628      $ 2,259   

Petroleum Services & Supplies

     1,701        1,704   

Distribution & Transmission

     1,227        564   

Eliminations

     (249     (224
  

 

 

   

 

 

 

Total Revenue

   $ 5,307      $ 4,303   
  

 

 

   

 

 

 

Operating Profit:

    

Rig Technology

   $ 550      $ 547   

Petroleum Services & Supplies

     255        388   

Distribution & Transmission

     63        43   

Unallocated expenses and eliminations

     (117     (101
  

 

 

   

 

 

 

Total Operating Profit

   $ 751      $ 877   
  

 

 

   

 

 

 

Operating Profit %:

    

Rig Technology

     20.9     24.2

Petroleum Services & Supplies

     15.0     22.8

Distribution & Transmission

     5.1     7.6

Total Operating Profit %

     14.2     20.4
Other Costs by Segment

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

 

     Three Months Ended
March 31,
 
     2013      2012  

Other costs:

     

Rig Technology

   $ 7       $ 4   

Petroleum Services & Supplies

     56         —     

Distribution & Transmission

     2         —     
  

 

 

    

 

 

 

Total other costs

   $ 65       $ 4