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Business Segments and Geographic Areas (Tables) | 12 Months Ended
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Dec. 31, 2019
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, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
United States |  | $ | 3,112 |  |  | $ | 3,480 |  |  | $ | 2,760 |
Norway |  |  | 512 |  |  |  | 368 |  |  |  | 295 |
Singapore |  |  | 473 |  |  |  | 321 |  |  |  | 188 |
Saudi Arabia |  |  | 436 |  |  |  | 444 |  |  |  | 310 |
United Kingdom |  |  | 333 |  |  |  | 309 |  |  |  | 279 |
China |  |  | 285 |  |  |  | 231 |  |  |  | 298 |
Brazil |  |  | 269 |  |  |  | 415 |  |  |  | 498 |
Canada |  |  | 247 |  |  |  | 302 |  |  |  | 286 |
United Arab Emirates |  |  | 224 |  |  |  | 248 |  |  |  | 223 |
South Korea |  |  | 69 |  |  |  | 169 |  |  |  | 261 |
Other Countries |  |  | 2,519 |  |  |  | 2,166 |  |  |  | 1,906 |
Total |  | $ | 8,479 |  |  | $ | 8,453 |  |  | $ | 7,304 |
Plant, Property and Equipment by Country Based on the Location | The following table presents plant, property and equipment by country based on the location (in millions):
|  | December 31, |
|  | 2019 |  |  | 2018 |
United States |  | $ | 1,257 |  |  | $ | 1,603 |
Brazil |  |  | 194 |  |  |  | 217 |
United Kingdom |  |  | 112 |  |  |  | 125 |
Denmark |  |  | 111 |  |  |  | 119 |
South Korea |  |  | 77 |  |  |  | 91 |
Canada |  |  | 77 |  |  |  | 79 |
United Arab Emirates |  |  | 52 |  |  |  | 60 |
Mexico |  |  | 43 |  |  |  | 48 |
Singapore |  |  | 28 |  |  |  | 47 |
Russia |  |  | 16 |  |  |  | 69 |
Other Countries |  |  | 387 |  |  |  | 339 |
Total |  | $ | 2,354 |  |  | $ | 2,797 |
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, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 3,214 |  |  | $ | 2,771 |  |  | $ | 2,682 |  |  | $ | (188 | ) |  | $ | 8,479 |
Operating profit (loss)(2) |  |  | (3,551 | ) |  |  | (1,934 | ) |  |  | (524 | ) |  |  | (270 | ) |  |  | (6,279 | )
Capital expenditures |  |  | 123 |  |  |  | 64 |  |  |  | 31 |  |  |  | 15 |  |  |  | 233 |
Depreciation and amortization |  |  | 284 |  |  |  | 150 |  |  |  | 87 |  |  |  | 12 |  |  |  | 533 |
Goodwill |  |  | 843 |  |  |  | 1,054 |  |  |  | 910 |  |  |  | — |  |  |  | 2,807 |
Total assets |  |  | 4,078 |  |  |  | 3,826 |  |  |  | 3,758 |  |  |  | 1,487 |  |  |  | 13,149 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 3,235 |  |  | $ | 2,931 |  |  | $ | 2,575 |  |  | $ | (288 | ) |  | $ | 8,453 |
Operating profit (loss)(2) |  |  | 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)(2) |  |  | (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 |
(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.
(2) | Segment operating loss for 2019 includes charges for: goodwill, other intangible asset and other long lived asset impairments (Wellbore Technologies $3,565 million; Completion and Production Solutions $1,865 million; and, Rig Technologies $389 million); inventory write-downs (Wellbore Technologies $130 million; Completion and Production Solutions $148 million; and, Rig Technologies $355 million); and a voluntary early retirement program (VERP), other severance and facility closure costs (Wellbore Technologies $64 million; Completion and Production Solutions $30 million; and, Rig Technologies $37 million). Segment operating profit for 2018 includes charges for facility closure (Wellbore Technologies $28 million) and non-operational credits (elimination and corporate costs ($18) million). Segment operating profit or loss for 2017 includes charges for: inventory write-downs (Wellbore Technologies $4 million; Completion and Production Solutions ($6) million; and Rig Technologies $110 million); and severance and facility closure costs (Wellbore Technologies $18 million; Completion and Production Solutions $32 million; and Rig Technologies $20 million).

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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