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Business Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2017

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,
		2017				2016				2015
United States		$	2,760			$	1,961			$	3,640
Brazil			498				242				605
Saudi Arabia			310				258				416
China			298				557				1,623
Norway			295				339				555
Canada			286				217				365
United Kingdom			279				299				634
South Korea			261				495				1,835
United Arab Emirates			223				334				532
Singapore			188				340				1,035
Other Countries			1,906				2,209				3,517
Total		$	7,304			$	7,251			$	14,757

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,
		2017				2016
United States		$	1,675			$	1,810
Brazil			269				281
United Kingdom			140				137
Denmark			128				120
South Korea			97				94
Russia			90				88
Canada			84				82
Mexico			71				77
United Arab Emirates			65				90
Singapore			59				63
Other Countries			324				308
Total		$	3,002			$	3,150

Business Segments

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

		Wellbore Technologies				Completion & Production Solutions				Rig Technologies				Eliminations and corporate costs (1)				Total
December 31, 2017
Revenue		$	2,577			$	2,672			$	2,252			$	(197	)		$	7,304
Operating profit (loss)			(102	)			98				(14	)			(259	)			(277	)
Capital expenditures			99				69				16				8				192
Depreciation and amortization			379				215				88				16				698
Goodwill			2,956				2,122				1,149				—				6,227
Total assets			7,848				5,782				4,625				1,951				20,206
December 31, 2016
Revenue		$	2,199			$	2,241			$	3,110			$	(299	)		$	7,251
Operating profit			(770	)			(266	)			(1,033	)			(342	)			(2,411	)
Capital expenditures			124				61				24				75				284
Depreciation and amortization			384				209				94				16				703
Goodwill			2,874				2,058				1,135				—				6,067
Total assets			7,911				5,765				5,327				2,137				21,140
December 31, 2015
Revenue		$	3,718			$	3,365			$	8,279			$	(605	)		$	14,757
Operating profit			(1,573	)			187				1,501				(505	)			(390	)
Capital expenditures			180				87				91				95				453
Depreciation and amortization			403				223				107				14				747
Goodwill			2,874				1,997				2,109				—				6,980
Total assets			8,766				5,916				9,227				2,061				25,970

(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 and corporate costs include intercompany transactions conducted between the three reporting segments that are eliminated in consolidation, as well as corporate costs not allocated to the segments. Intercompany transactions within each reporting segment are eliminated within each reporting segment. Also included in the eliminations and corporate costs column are capital expenditures and total assets related to corporate. Corporate assets consist primarily of cash and fixed assets.

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- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

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+ References

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+ References

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