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

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

793

 

 

$

847

 

 

$

2,450

 

 

$

2,351

 

Completion & Production Solutions

 

 

728

 

 

 

735

 

 

 

1,972

 

 

 

2,143

 

Rig Technologies

 

 

649

 

 

 

637

 

 

 

1,923

 

 

 

1,771

 

Eliminations

 

 

(44

)

 

 

(65

)

 

 

(147

)

 

 

(210

)

Total revenue

 

$

2,126

 

 

$

2,154

 

 

$

6,198

 

 

$

6,055

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

42

 

 

 

40

 

 

$

(3,234

)

 

$

90

 

Completion & Production Solutions

 

 

(24

)

 

 

46

 

 

 

(1,991

)

 

 

102

 

Rig Technologies

 

 

(110

)

 

 

58

 

 

 

(501

)

 

 

138

 

Eliminations and corporate costs

 

 

(62

)

 

 

(71

)

 

 

(204

)

 

 

(206

)

Total operating profit (loss)

 

$

(154

)

 

$

73

 

 

$

(5,930

)

 

$

124

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Other Significant Items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

41

 

 

$

 

 

$

3,384

 

 

$

(3

)

Completion & Production Solutions

 

 

79

 

 

 

 

 

 

2,029

 

 

 

3

 

Rig Technologies

 

 

194

 

 

 

 

 

 

670

 

 

 

6

 

Eliminations and corporate costs

 

 

 

 

 

 

 

 

11

 

 

 

(18

)