XML 43 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Segments (Tables)
9 Months Ended
Sep. 30, 2020
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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

361

 

 

$

793

 

 

$

1,494

 

 

$

2,450

 

Completion & Production Solutions

 

 

601

 

 

 

728

 

 

 

1,887

 

 

 

1,972

 

Rig Technologies

 

 

449

 

 

 

649

 

 

 

1,482

 

 

 

1,923

 

Eliminations

 

 

(27

)

 

 

(44

)

 

 

(100

)

 

 

(147

)

Total revenue

 

$

1,384

 

 

$

2,126

 

 

$

4,763

 

 

$

6,198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

(50

)

 

 

42

 

 

$

(780

)

 

$

(3,234

)

Completion & Production Solutions

 

 

25

 

 

 

(24

)

 

 

(946

)

 

 

(1,991

)

Rig Technologies

 

 

(3

)

 

 

(110

)

 

 

(230

)

 

 

(501

)

Eliminations and corporate costs

 

 

(46

)

 

 

(62

)

 

 

(168

)

 

 

(204

)

Total operating profit (loss)

 

$

(74

)

 

$

(154

)

 

$

(2,124

)

 

$

(5,930

)

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Other Significant Items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wellbore Technologies

 

$

26

 

 

$

41

 

 

$

803

 

 

$

3,384

 

Completion & Production Solutions

 

 

23

 

 

 

79

 

 

 

1,089

 

 

 

2,029

 

Rig Technologies

 

 

12

 

 

 

194

 

 

 

270

 

 

 

670

 

Eliminations and corporate costs

 

 

1

 

 

 

 

 

 

25

 

 

 

11