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Business Segments (Tables)
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Business Segments

Operating results by segment are as follows (in millions):

 

     Three Months Ended
March 31,
 
     2015     2014  

Revenue:

    

Rig Systems

   $ 2,523      $ 2,256   

Rig Aftermarket

     719        750   

Wellbore Technologies

     1,171        1,278   

Completion & Production Solutions

     948        1,002   

Eliminations

     (541     (397
  

 

 

   

 

 

 

Total Revenue

$ 4,820    $ 4,889   
  

 

 

   

 

 

 

Operating Profit:

Rig Systems

$ 448    $ 451   

Rig Aftermarket

  191      191   

Wellbore Technologies

  79      221   

Completion & Production Solutions

  79      137   

Unallocated expenses and eliminations

  (227   (201
  

 

 

   

 

 

 

Total Operating Profit

$ 570    $ 799   
  

 

 

   

 

 

 

Operating Profit %:

Rig Systems

  17.8   20.0

Rig Aftermarket

  26.6   25.5

Wellbore Technologies

  6.7   17.3

Completion & Production Solutions

  8.3   13.7

Total Operating Profit %

  11.8   16.3

 

Other Items by Segment

Other items by segment are as follows (in millions):

 

     Three Months Ended
March 31,
 
     2015      2014  

Other items:

     

Rig Systems

   $ 40       $ —     

Rig Aftermarket

     8         —     

Wellbore Technologies

     45         3   

Completion & Production Solutions

     29         6   

Unallocated expenses and eliminations

     —           9   
  

 

 

    

 

 

 

Total other items

$ 122    $ 18