XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Revenue from Contract with Customer [Abstract] |
Summary of Disaggregate Revenue by Destinations | The following tables disaggregate our revenue by destinations, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. In the tables below, North America includes only the U.S. and Canada. (in millions):
|  | Three Months Ended June 30, |
|  | 2018 |  |  | 2017 |
|  | Wellbore Technologies |  |  | Completion & Production Solutions |  |  | Rig Technologies |  |  | Eliminations |  |  | Total |  |  | Wellbore Technologies |  |  | Completion & Production Solutions |  |  | Rig Technologies |  |  | Eliminations |  |  | Total |
North America |  | $ | 449 |  |  | $ | 342 |  |  | $ | 143 |  |  | $ | — |  |  | $ | 934 |  |  | $ | 352 |  |  | $ | 265 |  |  | $ | 140 |  |  | $ | — |  |  | $ | 757 |
International |  |  | 326 |  |  |  | 374 |  |  |  | 472 |  |  |  | — |  |  |  | 1,172 |  |  |  | 249 |  |  |  | 376 |  |  |  | 377 |  |  |  | — |  |  |  | 1,002 |
Eliminations |  |  | 18 |  |  |  | 22 |  |  |  | 36 |  |  |  | (76 | ) |  |  | — |  |  |  | 13 |  |  |  | 11 |  |  |  | 29 |  |  |  | (53 | ) |  |  | — |
|  | $ | 793 |  |  | $ | 738 |  |  | $ | 651 |  |  | $ | (76 | ) |  | $ | 2,106 |  |  | $ | 614 |  |  | $ | 652 |  |  | $ | 546 |  |  | $ | (53 | ) |  | $ | 1,759 |
Land |  | $ | 660 |  |  | $ | 509 |  |  | $ | 208 |  |  | $ | — |  |  | $ | 1,377 |  |  | $ | 490 |  |  | $ | 410 |  |  | $ | 173 |  |  | $ | — |  |  | $ | 1,073 |
Offshore |  |  | 115 |  |  |  | 207 |  |  |  | 407 |  |  |  | — |  |  |  | 729 |  |  |  | 111 |  |  |  | 231 |  |  |  | 344 |  |  |  | — |  |  |  | 686 |
Eliminations |  |  | 18 |  |  |  | 22 |  |  |  | 36 |  |  |  | (76 | ) |  |  | — |  |  |  | 13 |  |  |  | 11 |  |  |  | 29 |  |  |  | (53 | ) |  |  | — |
|  | $ | 793 |  |  | $ | 738 |  |  | $ | 651 |  |  | $ | (76 | ) |  | $ | 2,106 |  |  | $ | 614 |  |  | $ | 652 |  |  | $ | 546 |  |  | $ | (53 | ) |  | $ | 1,759 |
|  | Six Months Ended June 30, |
|  | 2018 |  |  | 2017 |
|  | Wellbore Technologies |  |  | Completion & Production Solutions |  |  | Rig Technologies |  |  | Eliminations |  |  | Total |  |  | Wellbore Technologies |  |  | Completion & Production Solutions |  |  | Rig Technologies |  |  | Eliminations |  |  | Total |
North America |  | $ | 864 |  |  | $ | 634 |  |  | $ | 278 |  |  | $ | — |  |  | $ | 1,776 |  |  | $ | 647 |  |  | $ | 498 |  |  | $ | 260 |  |  | $ | — |  |  | $ | 1,405 |
International |  |  | 608 |  |  |  | 732 |  |  |  | 785 |  |  |  | — |  |  |  | 2,125 |  |  |  | 497 |  |  |  | 778 |  |  |  | 820 |  |  |  | — |  |  |  | 2,095 |
Eliminations |  |  | 32 |  |  |  | 42 |  |  |  | 71 |  |  |  | (145 | ) |  |  | — |  |  |  | 25 |  |  |  | 24 |  |  |  | 48 |  |  |  | (97 | ) |  |  | — |
|  | $ | 1,504 |  |  | $ | 1,408 |  |  | $ | 1,134 |  |  | $ | (145 | ) |  | $ | 3,901 |  |  | $ | 1,169 |  |  | $ | 1,300 |  |  | $ | 1,128 |  |  | $ | (97 | ) |  | $ | 3,500 |
Land |  | $ | 1,243 |  |  | $ | 955 |  |  | $ | 380 |  |  | $ | — |  |  | $ | 2,578 |  |  | $ | 926 |  |  | $ | 813 |  |  | $ | 334 |  |  | $ | — |  |  | $ | 2,073 |
Offshore |  |  | 229 |  |  |  | 411 |  |  |  | 683 |  |  |  | — |  |  |  | 1,323 |  |  |  | 218 |  |  |  | 463 |  |  |  | 746 |  |  |  | — |  |  |  | 1,427 |
Eliminations |  |  | 32 |  |  |  | 42 |  |  |  | 71 |  |  |  | (145 | ) |  |  | — |  |  |  | 25 |  |  |  | 24 |  |  |  | 48 |  |  |  | (97 | ) |  |  | — |
|  | $ | 1,504 |  |  | $ | 1,408 |  |  | $ | 1,134 |  |  | $ | (145 | ) |  | $ | 3,901 |  |  | $ | 1,169 |  |  | $ | 1,300 |  |  | $ | 1,128 |  |  | $ | (97 | ) |  | $ | 3,500 |
Summary of Changes in Carrying Amount of Contract Assets and Contract Liabilities | The changes in the carrying amount of contract assets and contract liabilities are as follows (in millions):
Contract Assets |  |  |  |
Balance at December 31, 2017 |  | $ | 495 |
Additions and Milestone Billings |  |  | (456 | )
Revenue Recognized |  |  | 500 |
Currency translation adjustments and other |  |  | (94 | )
Balance at June 30, 2018 |  | $ | 445 |
Contract Liabilities |  |  |  |
Balance at December 31, 2017 |  | $ | 519 |
Additions |  |  | 542 |
Revenue Recognized |  |  | (439 | )
Currency translation adjustments and other |  |  | (13 | )
Balance at June 30, 2018 |  | $ | 609 |

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration