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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (29) $ 68
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 16 10
Deferred income taxes (15) 1
Stock-based compensation 13 5
Provision for doubtful accounts 15 (1)
Other, net 17 1
Change in operating assets and liabilities, net of acquisitions:    
Receivables 217 (111)
Inventories 72 (39)
Prepaid and other current assets   (6)
Accounts payable and accrued liabilities (218) 141
Accrued or prepaid income taxes (6) 4
Other assets / liabilities, net (1) (3)
Net cash provided by operating activities 81 70
Cash flows from investing activities:    
Purchases of property, plant and equipment (6) (18)
Business Acquisitions, net of cash acquired (223) 8
Net cash used in investing activities (229) (10)
Cash flows from financing activities:    
Net contributions from National Oilwell Varco, Inc. ("NOV")   74
Borrowing from the revolving credit facility 80  
Payments related to taxes withheld on stock-based compensation (2)  
Net cash provided by financing activities 78 74
Effect of exchange rates on cash and cash equivalents (11) 1
Net change in cash and cash equivalents (81) 135
Cash and cash equivalents, beginning of period 195 101
Cash and cash equivalents, end of period 114 236
Supplemental disclosures of cash flow information:    
Income taxes paid, net 10 $ 33
Interest paid 1  
Non-cash investing and financing activities:    
Accrued purchases of property, plant and equipment $ 1