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Business Segments (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Business Segments

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

847

 

 

$

693

 

 

$

2,351

 

 

$

1,862

 

Completion & Production Solutions

 

 

735

 

 

 

682

 

 

 

2,143

 

 

 

1,982

 

Rig Technologies

 

 

637

 

 

 

510

 

 

 

1,771

 

 

 

1,638

 

Eliminations

 

 

(65

)

 

 

(50

)

 

 

(210

)

 

 

(147

)

Total revenue

 

$

2,154

 

 

$

1,835

 

 

$

6,055

 

 

$

5,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

40

 

 

 

 

 

$

90

 

 

$

(81

)

Completion & Production Solutions

 

 

46

 

 

 

44

 

 

 

102

 

 

 

79

 

Rig Technologies

 

 

58

 

 

 

18

 

 

 

138

 

 

 

37

 

Eliminations and corporate costs

 

 

(71

)

 

 

(69

)

 

 

(206

)

 

 

(201

)

Total operating profit (loss)

 

$

73

 

 

$

(7

)

 

$

124

 

 

$

(166

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss)%:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

 

4.7

%

 

 

0.0

%

 

 

3.8

%

 

 

(4.4

%)

Completion & Production Solutions

 

 

6.3

%

 

 

6.5

%

 

 

4.8

%

 

 

4.0

%

Rig Technologies

 

 

9.1

%

 

 

3.5

%

 

 

7.8

%

 

 

2.3

%

Total operating profit (loss)%

 

 

3.4

%

 

 

(0.4

%)

 

 

2.0

%

 

 

(3.1

%)