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Business Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2018

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,
		2018				2017				2016
United States		$	3,480			$	2,760			$	1,961
Saudi Arabia			444				310				258
Brazil			415				498				242
Norway			368				295				339
Singapore			321				188				340
United Kingdom			309				279				299
Canada			302				286				217
United Arab Emirates			248				223				334
China			231				298				557
South Korea			169				261				495
Other Countries			2,166				1,906				2,209
Total		$	8,453			$	7,304			$	7,251

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,
		2018				2017
United States		$	1,603			$	1,675
Brazil			217				269
United Kingdom			125				140
Denmark			119				128
South Korea			91				97
Canada			79				84
Russia			69				90
United Arab Emirates			60				65
Mexico			48				71
Singapore			47				59
Other Countries			339				324
Total		$	2,797			$	3,002

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, 2018
Revenue	$	3,235			$	2,931			$	2,575			$	(288	)		$	8,453
Operating profit (loss)		131				166				213				(299	)			211
Capital expenditures		135				87				17				5				244
Depreciation and amortization		374				212				90				14				690
Goodwill		3,011				2,041				1,212				—				6,264
Total assets		7,929				6,233				3,906				1,728				19,796
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 (loss)		(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

(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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