XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 68 $ 74
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10 7
Deferred income taxes 1 (1)
Stock-based compensation 5 3
Other, net   7
Change in operating assets and liabilities:    
Receivables (111) 7
Inventories (39) 41
Prepaid and other current assets (6) (7)
Accounts payable 141 6
Income taxes payable 4 (3)
Other assets / liabilities, net (3) (6)
Net cash provided by operating activities 70 128
Cash flows from investing activities:    
Purchases of property, plant and equipment (18) (36)
Other, net 8 1
Net cash used in investing activities (10) (35)
Cash flows from financing activities:    
Net contributions from (distributions to) NOV 74 (108)
Net cash provided by (used in) financing activities 74 (108)
Effect of exchange rates on cash and cash equivalents 1 (3)
Increase (decrease) in cash and cash equivalents 135 (18)
Cash and cash equivalents, beginning of period 101 138
Cash and cash equivalents, end of period 236 120
Supplemental disclosures of cash flow information:    
Income taxes paid 33 44
Non-cash investing and financing activities:    
Contributed property, plant and equipment $ 4