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

Revenue Recognition (Tables)

9 Months Ended

Sep. 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 September 30,
		2018																				2017
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Eliminations				Total				Technologies				Solutions				Technologies				Eliminations				Total
North America		$	469			$	343			$	189			$	—			$	1,001			$	377			$	282			$	139			$	—			$	798
International			362				372				419				—				1,153				305				384				348				—				1,037
Eliminations			16				20				29				(65	)			—				11				16				23				(50	)			—
		$	847			$	735			$	637			$	(65	)		$	2,154			$	693			$	682			$	510			$	(50	)		$	1,835
Land		$	707			$	521			$	206			$	—			$	1,434			$	553			$	468			$	174			$	—			$	1,195
Offshore			124				194				402				—				720				129				198				313				—				640
Eliminations			16				20				29				(65	)			—				11				16				23				(50	)			—
		$	847			$	735			$	637			$	(65	)		$	2,154			$	693			$	682			$	510			$	(50	)		$	1,835

		Nine Months Ended September 30,
		2018																				2017
						Completion																				Completion
		Wellbore				& Production				Rig												Wellbore				& Production				Rig
		Technologies				Solutions				Technologies				Eliminations				Total				Technologies				Solutions				Technologies				Eliminations				Total
North America		$	1,333			$	977			$	467			$	—			$	2,777			$	1,024			$	780			$	399			$	—			$	2,203
International			970				1,104				1,204				—				3,278				802				1,162				1,168				—				3,132
Eliminations			48				62				100				(210	)			—				36				40				71				(147	)			—
		$	2,351			$	2,143			$	1,771			$	(210	)		$	6,055			$	1,862			$	1,982			$	1,638			$	(147	)		$	5,335
Land		$	1,950			$	1,476			$	586			$	—			$	4,012			$	1,479			$	1,281			$	508			$	—			$	3,268
Offshore			353				605				1,085				—				2,043				347				661				1,059				—				2,067
Eliminations			48				62				100				(210	)			—				36				40				71				(147	)			—
		$	2,351			$	2,143			$	1,771			$	(210	)		$	6,055			$	1,862			$	1,982			$	1,638			$	(147	)		$	5,335

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		(606	)
Revenue Recognized		637
Currency translation adjustments and other		(43	)
Balance at September 30, 2018	$	483

Contract Liabilities
Balance at December 31, 2017	$	519
Additions		856
Revenue Recognized		(676	)
Currency translation adjustments and other		(129	)
Balance at September 30, 2018	$	570

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