Business Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2013

Revenues by Country Based on Sales Destination of Use of Products or Services

The following table presents consolidated revenues by country based on sales destination of the use of the products or services (in millions):


	Years Ended December 31,
	2013		2012		2011
United States	$	5,140	$	6,040	$	4,532
South Korea		3,219		3,121		2,257
Singapore		1,850		1,118		721
Norway		1,102		736		689
China		1,007		533		430
Brazil		811		503		397
United Kingdom		705		523		465
Canada		625		728		608
Other Countries		4,762		3,892		3,376

Total	$	19,221	$	17,194	$	13,475

Long-Lived Assets by Country Based on the Location

The following table presents long-lived assets by country based on the location (in millions):


	December 31,
	2013		2012
United States	$	1,830	$	1,606
Brazil		270		162
United Kingdom		200		173
Denmark		166		174
Canada		123		131
South Korea		115		112
Mexico		101		87
Singapore		94		93
Other Countries		509		407

Total	$	3,408	$	2,945

Business Segments

Business Segments:


	Rig Systems		Rig Aftermarket		Wellbore Technologies		Completion & Production Solutions		Eliminations(1)			Discontinued Operations		Total
December 31, 2013:
Revenues	$	8,450	$	2,692	$	5,211	$	4,309	$	(1,441	)	$	—	$	19,221
Operating profit		1,594		729		915		613		(652	)		—		3,199
Capital expenditures		61		24		226		212		91			—		614
Depreciation and amortization		82		26		420		210		—			—		738
Goodwill		1,279		906		4,425		2,106		—			333		9,049
Total assets		7,654		2,475		11,862		7,287		3,351			2,183		34,812
December 31, 2012:
Revenues	$	7,077	$	2,138	$	5,184	$	3,994	$	(1,199	)	$	—	$	17,194
Operating profit		1,685		594		983		684		(557	)		—		3,389
Capital expenditures		81		13		247		169		59			—		569
Depreciation and amortization		64		18		389		145		—			—		616
Goodwill		1,097		649		3,769		1,314		—			343		7,172
Total assets		6,563		1,930		11,032		6,192		3,394			2,373		31,484
December 31, 2011:
Revenues	$	5,686	$	1,876	$	4,455	$	2,483	$	(1,025	)	$	—	$	13,475
Operating profit		1,562		528		726		456		(463	)		—		2,809
Capital expenditures		70		10		245		103		51			—		479
Depreciation and amortization		61		14		381		93		—			—		549
Goodwill		943		556		3,683		917		—			52		6,151
Total assets		4,743		1,569		10,799		4,020		3,555			829		25,515

(1)

Sales from one segment to another generally are priced at estimated equivalent commercial selling prices; however, segments originating an external sale are credited with the full profit to the company. Eliminations include intercompany transactions conducted between the four reporting segments that are eliminated in consolidation. Intercompany transactions within each reporting segment are eliminated within each reporting segment. Also included in the eliminations column are capital expenditures and total assets related to corporate. Corporate assets consist primarily of cash and fixed assets.

- 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