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Business Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Revenues by Country Based on Sales Destination of Products or Services

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

		Years Ended December 31,
		2016				2015				2014
United States		$	1,961			$	3,640			$	6,097
China			557				1,623				1,905
South Korea			495				1,835				3,472
Singapore			340				1,035				1,157
Norway			339				555				881
United Arab Emirates			334				532				459
United Kingdom			299				634				715
Saudi Arabia			258				416				444
Brazil			242				605				1,299
Canada			217				365				645
Other Countries			2,209				3,517				4,366
Total		$	7,251			$	14,757			$	21,440

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,
		2016				2015
United States		$	1,810			$	1,735
Brazil			281				226
United Kingdom			137				163
Denmark			120				128
South Korea			94				102
United Arab Emirates			90				58
Russia			88				68
Canada			82				78
Mexico			77				93
Singapore			63				78
Other Countries			308				395
Total		$	3,150			$	3,124

Business Segments

The following table presents selected financial data by business segment (in millions):

		Rig Systems				Rig Aftermarket				Wellbore Technologies				Completion & Production Solutions				Eliminations and Corporate Costs (1)				Total
December 31, 2016
Revenue		$	2,386			$	1,416			$	2,199			$	2,241			$	(991	)		$	7,251
Operating profit (loss)			(969	)			229				(770	)			(266	)			(635	)			(2,411	)
Capital expenditures			20				4				124				61				75				284
Depreciation and amortization			72				22				384				209				16				703
Goodwill			258				877				2,874				2,058				—				6,067
Total assets			3,255				2,072				7,911				5,765				2,137				21,140
December 31, 2015
Revenue		$	6,964			$	2,515			$	3,718			$	3,365			$	(1,805	)		$	14,757
Operating profit			1,322				652				(1,573	)			187				(978	)			(390	)
Capital expenditures			81				10				180				87				95				453
Depreciation and amortization			84				23				403				223				14				747
Goodwill			1,232				877				2,874				1,997				—				6,980
Total assets			6,772				2,455				8,766				5,916				2,061				25,970
December 31, 2014
Revenue		$	9,848			$	3,222			$	5,722			$	4,645			$	(1,997	)		$	21,440
Operating profit			2,118				935				1,000				730				(1,170	)			3,613
Capital expenditures			133				12				262				184				108				699
Depreciation and amortization			86				26				438				223				5				778
Goodwill			1,236				877				4,357				2,069				—				8,539
Total assets			8,052				2,789				11,687				7,072				3,962				33,562

(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.

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- Definition

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+ References

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