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Segments (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Operating Segments

Financial results by operating segment are as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

850

 

 

$

793

 

 

$

1,657

 

 

$

1,504

 

Completion & Production Solutions

 

 

663

 

 

 

738

 

 

 

1,244

 

 

 

1,408

 

Rig Technologies

 

 

671

 

 

 

651

 

 

 

1,274

 

 

 

1,134

 

Eliminations

 

 

(52

)

 

 

(76

)

 

 

(103

)

 

 

(145

)

Total revenue

 

$

2,132

 

 

$

2,106

 

 

$

4,072

 

 

$

3,901

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

(3,295

)

 

 

38

 

 

$

(3,276

)

 

$

50

 

Completion & Production Solutions

 

 

(1,932

)

 

 

40

 

 

 

(1,967

)

 

 

56

 

Rig Technologies

 

 

(422

)

 

 

62

 

 

 

(391

)

 

 

80

 

Eliminations and corporate costs

 

 

(79

)

 

 

(88

)

 

 

(142

)

 

 

(135

)

Total operating profit (loss)

 

$

(5,728

)

 

$

52

 

 

$

(5,776

)

 

$

51

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Other Items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

3,345

 

 

$

 

 

$

3,343

 

 

$

(3

)

Completion & Production Solutions

 

 

1,939

 

 

 

 

 

 

1,950

 

 

 

3

 

Rig Technologies

 

 

474

 

 

 

 

 

 

476

 

 

 

6

 

Eliminations and corporate costs

 

 

11

 

 

 

 

 

 

11

 

 

 

(18

)

Total other items

 

$

5,769

 

 

$

 

 

$

5,780

 

 

$

(12

)