XML 35 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Spin-off of distribution business (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Discontinued Operations And Disposal Groups [Abstract] |
Schedule of Carrying Value of Assets and Liabilities | The following table presents the carrying value of assets and liabilities of NOW (in millions):
|  | March 31, 2014 |  |  | December 31, 2013 |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 175 |  |  | $ | 101 |
Receivables, net |  |  | 754 |  |  |  | 661 |
Inventories, net |  |  | 839 |  |  |  | 850 |
Deferred income taxes |  |  | 29 |  |  |  | 21 |
Prepaid and other current assets |  |  | 29 |  |  |  | 29 |
Total current assets of discontinued operations |  |  | 1,826 |  |  |  | 1,662 |
Property, plant and equipment, net |  |  | 104 |  |  |  | 102 |
Deferred income taxes |  |  | 15 |  |  |  | 15 |
Goodwill |  |  | 330 |  |  |  | 333 |
Intangibles, net |  |  | 67 |  |  |  | 68 |
Other assets |  |  | 1 |  |  |  | 3 |
Total assets of discontinued operations |  | $ | 2,343 |  |  | $ | 2,183 |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 313 |  |  | $ | 264 |
Accrued liabilities |  |  | 100 |  |  |  | 99 |
Accrued income taxes |  |  | 7 |  |  |  | — |
Total current liabilities of discontinued operations |  |  | 420 |  |  |  | 363 |
Deferred income taxes |  |  | 17 |  |  |  | 16 |
Other liabilities |  |  | 2 |  |  |  | 2 |
Total liabilities of discontinued operations |  | $ | 439 |  |  | $ | 381 |
Schedule of Selected Financial Information Reported as Discontinued Operations | The following table presents selected financial information regarding the results of operations of our distribution business, which is reported as discontinued operations (in millions):
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
Revenue from discontinued operations |  | $ | 1,077 |  |  | $ | 1,072 |
Income from discontinued operations before income taxes |  |  | 62 |  |  |  | 60 |
Income tax expense |  |  | 21 |  |  |  | 19 |
Income from discontinued operations |  | $ | 41 |  |  | $ | 41 |

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