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Business Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Summary of Financial Information of Company's Reportable Segments

The following table presents financial information for each of the Company’s reportable segments as of and for the year ended December 31 (in millions):

		United States				Canada				International				Total
2014
Revenue		$	2,793			$	669			$	643			$	4,105
Operating profit			89				47				45				181
Depreciation and amortization			16				3				2				21
Long-lived assets:
Property, plant and equipment, net			101				20				3				124
Goodwill			222				101				23				346
Intangibles, net			58				1				14				73
Total assets			1,735				500				361				2,596
2013
Revenue		$	2,863			$	773			$	660			$	4,296
Operating profit			134				47				43				224
Depreciation and amortization			11				3				3				17
Long-lived assets:
Property, plant and equipment, net			86				13				3				102
Goodwill			202				109				22				333
Intangibles, net			50				2				16				68
Total assets			1,582				411				190				2,183
2012
Revenue		$	2,257			$	591			$	566			$	3,414
Operating profit			94				37				37				168
Depreciation and amortization			7				2				3				12
Long-lived assets:
Property, plant and equipment, net			40				16				5				61
Goodwill			204				117				22				343
Intangibles, net			53				3				18				74
Total assets			1,603				549				221				2,373

Schedule of Comparison of Approximate Sales Mix in Principal Product Categories

The following table presents a comparison of the approximate sales mix in the principal product categories (in millions):

		Year Ended December 31,
		2014				2013				2012
Product Category
Drilling and production		$	991			$	987			$	860
Pipe			723				845				621
Valves			801				839				569
Fittings and flanges			667				664				522
Mill tool, MRO, safety and other			923				961				842
Total		$	4,105			$	4,296			$	3,414

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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