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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (502) $ 116 $ 147
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 38 21 17
Deferred income taxes (6) 7 3
Stock-based compensation 27 18 6
Gain on disposal of property, plant and equipment (3) (6)  
Provision for doubtful accounts 27 4 9
Provision for inventory 54 8 5
Impairment of goodwill 393    
Other, net (4) 6 (2)
Change in operating assets and liabilities, net of acquisitions:      
Receivables 414 (200) 23
Inventories 258 (116) 158
Prepaid and other current assets 12 (1) (11)
Accounts payable and accrued liabilities (367) 261 (9)
Income taxes payable (receivable) (18) (6) (6)
Other assets / liabilities, net 1 (4) (23)
Net cash provided by operating activities 324 108 317
Cash flows from investing activities:      
Purchases of property, plant and equipment (11) (39) (55)
Business acquisitions, net of cash acquired (515) (36)  
Proceeds from disposition of property, plant and equipment 3    
Other, net   8 1
Net cash used in investing activities (523) (67) (54)
Cash flows from financing activities:      
Net contributions from (distributions to) National Oilwell Varco, Inc.   67 (298)
Borrowing under the revolving credit facility 435    
Repayments under the revolving credit facility (327)    
Other (2) (1) (1)
Net cash provided by (used in) financing activities 106 66 (299)
Effect of exchange rates on cash and cash equivalents (12) (13) (1)
Net change in cash and cash equivalents (105) 94 (37)
Cash and cash equivalents, beginning of period 195 101 138
Cash and cash equivalents, end of period 90 195 101
Supplemental disclosures of cash flow information:      
Income taxes paid, net 10 65 $ 73
Interest paid $ 2    
Non-cash investing and financing activities:      
Contributed property, plant and equipment, net   4  
Accrued purchases of property, plant and equipment   $ 1