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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2014

Related Party Transactions [Abstract]

Schedule of Components of Changes in NOV Net Investment

The components of the change in NOV net investment for the six months ended June 30, 2014 and 2013 are as follows (in millions):

		Six Months Ended June 30
		2014				2013
Net contributions from (distributions to) NOV per the consolidated statements of changes in equity		$	143			$	(34	)
Non-cash adjustments:
Stock-based compensation			(3	)			—
Net transfer of assets and liabilities from NOV			(8	)			—
Less: Net income attributable to NOV net investment prior to the Separation			(58	)			(74	)
Net contributions from (distributions to) NOV per the consolidated statements of cash flows		$	74			$	(108	)

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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