Business Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2014

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,
	2014		2013		2012
United States	$	6,097	$	5,140	$	6,040
South Korea		3,472		3,219		3,121
China		1,905		1,007		533
Brazil		1,299		811		503
Singapore		1,157		1,850		1,118
Norway		881		1,102		736
United Kingdom		715		705		523
Canada		645		625		728
Other Countries		5,269		4,762		3,892

Total	$	21,440	$	19,221	$	17,194

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,
	2014		2013
United States	$	1,818	$	1,830
Brazil		290		270
United Kingdom		196		200
Denmark		144		166
South Korea		113		115
Mexico		110		101
Canada		99		123
Singapore		87		94
Other Countries		505		509

Total	$	3,362	$	3,408

Business Segments

Business Segments:


	Rig Systems		Rig Aftermarket		Wellbore Technologies		Completion & Production Solutions		Eliminations (1)			Discontinued Operations		Total
December 31, 2014:
Revenues	$	9,848	$	3,222	$	5,722	$	4,645	$	(1,997	)	$	—	$	21,440
Operating profit		1,996		882		937		690		(892	)		—		3,613
Capital expenditures		133		12		262		184		108			—		699
Depreciation and amortization		88		27		439		224		—			—		778
Goodwill		1,237		878		4,357		2,067		—			—		8,539
Total assets		8,052		2,789		11,687		7,072		3,962			—		33,562

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

(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.

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