XML 55 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 116us-gaap_NetIncomeLoss $ 147us-gaap_NetIncomeLoss $ 108us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 21us-gaap_DepreciationDepletionAndAmortization 17us-gaap_DepreciationDepletionAndAmortization 12us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes 7us-gaap_DeferredIncomeTaxExpenseBenefit 3us-gaap_DeferredIncomeTaxExpenseBenefit (7)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation 18us-gaap_ShareBasedCompensation 6us-gaap_ShareBasedCompensation 6us-gaap_ShareBasedCompensation
Gain on disposal of property, plant and equipment (6)us-gaap_GainLossOnSaleOfPropertyPlantEquipment    
Other, net 18us-gaap_OtherOperatingActivitiesCashFlowStatement 12us-gaap_OtherOperatingActivitiesCashFlowStatement 7us-gaap_OtherOperatingActivitiesCashFlowStatement
Change in operating assets and liabilities:      
Receivables (200)us-gaap_IncreaseDecreaseInAccountsReceivable 23us-gaap_IncreaseDecreaseInAccountsReceivable (25)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (116)us-gaap_IncreaseDecreaseInInventories 158us-gaap_IncreaseDecreaseInInventories (87)us-gaap_IncreaseDecreaseInInventories
Prepaid and other current assets (1)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (11)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (3)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 261us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (9)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (59)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accrued income taxes (6)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (6)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (1)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Other assets / liabilities, net (4)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (23)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 37us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by (used in) operating activities 108us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 317us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (12)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:      
Purchases of property, plant and equipment (39)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (55)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (14)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Business acquisitions, net of cash acquired (36)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired   (1,113)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Other, net 8us-gaap_PaymentsForProceedsFromOtherInvestingActivities 1us-gaap_PaymentsForProceedsFromOtherInvestingActivities  
Net cash used in investing activities (67)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (54)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,127)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
Net contributions from (distributions to) NOV 67us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt (298)us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt 1,185us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt
Other   (1)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (1)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used in) financing activities 66us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (299)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 1,184us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rates on cash and cash equivalents (13)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 2us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents 94us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (37)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 47us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 101us-gaap_CashAndCashEquivalentsAtCarryingValue 138us-gaap_CashAndCashEquivalentsAtCarryingValue 91us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 195us-gaap_CashAndCashEquivalentsAtCarryingValue 101us-gaap_CashAndCashEquivalentsAtCarryingValue 138us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash payments during the period for:      
Income taxes paid 65us-gaap_IncomeTaxesPaidNet 73us-gaap_IncomeTaxesPaidNet 65us-gaap_IncomeTaxesPaidNet
Non-cash investing and financing activities:      
Contributed property, plant and equipment 4us-gaap_ContributionOfProperty    
Accrued purchases of property, plant and equipment $ 1us-gaap_CapitalExpendituresIncurredButNotYetPaid