XML 52 R24.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Spin-off of Distribution Business (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Assets and Liabilities Preceding Spin-off | The following table presents the carrying value of assets and liabilities of NOW, immediately preceding the spin-off, which are excluded from our consolidated balance sheet at September, 30, 2014 as a result of the spin-off on May 30, 2014 (in millions):
Current assets: |  |  |  |
Cash and cash equivalents |  | $ | 253 |
Receivables, net |  |  | 753 |
Inventories, net |  |  | 844 |
Deferred income taxes |  |  | 30 |
Prepaid and other current assets |  |  | 35 |
Total current assets of discontinued operations |  |  | 1,915 |
Property, plant and equipment, net |  |  | 115 |
Deferred income taxes |  |  | 15 |
Goodwill |  |  | 332 |
Intangibles, net |  |  | 67 |
Other assets |  |  | 2 |
Total assets of discontinued operations |  | $ | 2,446 |
Current liabilities: |  |  |  |
Accounts payable |  | $ | 384 |
Accrued liabilities |  |  | 90 |
Accrued income taxes |  |  | 5 |
Total current liabilities of discontinued operations |  |  | 479 |
Deferred income taxes |  |  | 17 |
Other liabilities |  |  | 9 |
Total liabilities of discontinued operations |  | $ | 505 |
Schedule of Selected Financial Information Reported as Discontinued Operations | The following table presents selected financial information, as of May 30, 2014, regarding the results of operations of our distribution business, which is reported as discontinued operations (in millions):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Revenue from discontinued operations |  | $ | — |  |  | $ | 1,113 |  |  | $ | 1,701 |  |  | $ | 3,255 |
Income from discontinued operations before income taxes |  |  | — |  |  |  | 58 |  |  |  | 83 |  |  |  | 176 |

X
- Definition Schedule Of Assets And Liabilities Discontinued Operations [Table Text Block] + References No definition available. + Details
Name: | nov_ScheduleOfAssetsAndLiabilitiesDiscontinuedOperationsTableTextBlock
Namespace Prefix: | nov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Discontinued Operations Income Statement Disclosures Table [Text Block] + References No definition available. + Details
Name: | nov_ScheduleOfDiscontinuedOperationsIncomeStatementDisclosuresTableTextBlock
Namespace Prefix: | nov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration