XML 46 R33.htm IDEA: XBRL DOCUMENT v3.19.2

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):

Currency Denomination

June 30,

December 31,

Foreign Currency

2019

2018

South Korean Won

KRW

17,600

KRW

—

Norwegian Krone

NOK

4,199

NOK

5,229

U.S. Dollar

USD

680

USD

631

Mexican Peso

MXN

156

MXN

204

Euro

EUR

171

EUR

172

South African Rand

ZAR

124

ZAR

124

Japanese Yen

JPY

121

JPY

121

Danish Krone

DKK

15

DKK

35

Singapore Dollar

SGD

38

SGD

—

British Pound Sterling

GBP

23

GBP

12

Canadian Dollar

CAD

2

CAD

—

Derivative Instruments and their Balance Sheet Classifications

The Company has the following fair values of its derivative instruments and their balance sheet classifications (in millions):

		Asset Derivatives										Liability Derivatives
				Fair Value										Fair Value
		Balance Sheet		June 30,				December 31,				Balance Sheet		June 30,				December 31,
		Location		2019				2018				Location		2019				2018
Derivatives designated as    hedging instruments    under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	1			$	2			Accrued liabilities		$	16			$	17
Foreign exchange contracts		Other Assets			—				—			Other liabilities			3				11
Total derivatives designated    as hedging instruments    under ASC Topic 815				$	1			$	2					$	19			$	28
Derivatives not designated    as hedging instruments    under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	4			$	4			Accrued liabilities		$	4			$	6
Foreign exchange contracts		Other Assets			1				—			Other Liabilities			—				2
Total derivatives not    designated as hedging    instruments under ASC    Topic 815				$	5			$	4					$	4			$	8
Total derivatives				$	6			$	6					$	23			$	36

X

- Definition

Outstanding foreign currency forward contracts.

+ References

No definition available.

+ Details

Name:	nov_OutstandingForeignCurrencyForwardContractsTableTextBlock
Namespace Prefix:	nov_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration