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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 236 $ 101
Receivables, net 773 661
Inventories, net 882 850
Deferred income taxes 20 21
Prepaid and other current assets 35 29
Total current assets 1,946 1,662
Property, plant and equipment, net 118 102
Deferred income taxes 8 15
Goodwill 333 333
Intangibles, net 67 68
Other assets 1 3
Total assets 2,473 2,183
Current liabilities:    
Accounts payable 401 264
Accrued liabilities 103 99
Accrued income taxes 4  
Total current liabilities 508 363
Deferred income taxes 5 16
Other liabilities 2 2
Total liabilities 515 381
Commitments and contingencies      
Stockholders' equity:    
Common stock - par value $0.01; 330 million shares authorized; 107,057,698 shares issued and outstanding 1  
Preferred stock - par value $0.01; 20 million shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 1,946  
Retained earnings 10  
National Oilwell Varco, Inc. ("NOV") net investment   1,802
Accumulated other comprehensive income 1   
Total stockholders' equity 1,958 1,802
Total liabilities and equity $ 2,473 $ 2,183