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Business Segments | 6 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Business Segments | 6. Business Segments Operating results by segment are as follows (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rig Technology |  | $ | 2,833 |  |  | $ | 2,405 |  |  | $ | 5,461 |  |  | $ | 4,664 |
Petroleum Services & Supplies |  |  | 1,749 |  |  |  | 1,776 |  |  |  | 3,450 |  |  |  | 3,480 |
Distribution & Transmission |  |  | 1,295 |  |  |  | 780 |  |  |  | 2,522 |  |  |  | 1,344 |
Eliminations |  |  | (276 | ) |  |  | (227 | ) |  |  | (525 | ) |  |  | (451 | )
Total Revenue |  | $ | 5,601 |  |  | $ | 4,734 |  |  | $ | 10,908 |  |  | $ | 9,037 |
Operating Profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rig Technology |  | $ | 574 |  |  | $ | 554 |  |  | $ | 1,124 |  |  | $ | 1,101 |
Petroleum Services & Supplies |  |  | 273 |  |  |  | 390 |  |  |  | 528 |  |  |  | 778 |
Distribution & Transmission |  |  | 58 |  |  |  | 46 |  |  |  | 121 |  |  |  | 89 |
Unallocated expenses and eliminations |  |  | (136 | ) |  |  | (111 | ) |  |  | (253 | ) |  |  | (212 | )
Total Operating Profit |  | $ | 769 |  |  | $ | 879 |  |  | $ | 1,520 |  |  | $ | 1,756 |
Operating Profit %: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rig Technology |  |  | 20.3 | % |  |  | 23.0 | % |  |  | 20.6 | % |  |  | 23.6 | %
Petroleum Services & Supplies |  |  | 15.6 | % |  |  | 22.0 | % |  |  | 15.3 | % |  |  | 22.4 | %
Distribution & Transmission |  |  | 4.5 | % |  |  | 5.9 | % |  |  | 4.8 | % |  |  | 6.6 | %
Total Operating Profit % |  |  | 13.7 | % |  |  | 18.6 | % |  |  | 13.9 | % |  |  | 19.4 | %
Included in operating profit are other costs related to acquisitions, such as administration costs and the amortization of backlog and inventory that was stepped up to fair value during purchase accounting. Other costs by segment are as follows (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Other costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rig Technology |  | $ | 13 |  |  | $ | 17 |  |  | $ | 20 |  |  | $ | 21 |
Petroleum Services & Supplies |  |  | 31 |  |  |  | 3 |  |  |  | 87 |  |  |  | 3 |
Distribution & Transmission |  |  | 13 |  |  |  | 8 |  |  |  | 15 |  |  |  | 8 |
Total other costs |  | $ | 57 |  |  | $ | 28 |  |  | $ | 122 |  |  | $ | 32 |
The Company had revenues of 10% of total revenue from one of its customers for each of the three and six months ended June 30, 2013, respectively and 10% for each of the three and six months ended June 30, 2012, respectively. This customer, Samsung Heavy Industries, is a shipyard acting as a general contractor for its customers, who are drillship owners and drilling contractors. This shipyard’s customers have specified that the Company’s drilling equipment be installed on their drillships and have required the shipyard to issue contracts to the Company.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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