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Business Segments and Geographic Areas (Tables)

12 Months Ended

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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