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Business Segments (Tables)

12 Months Ended

Dec. 31, 2018

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
2018
Revenue		$	2,371			$	358			$	398			$	3,127
Operating profit			57				14				2				73
Depreciation and amortization			30				2				9				41
Property, plant and equipment, net			73				12				21				106
Total assets			1,272				399				124				1,795
2017
Revenue		$	1,914			$	356			$	378			$	2,648
Operating profit (loss)			(53	)			13				(1	)			(41	)
Depreciation and amortization			37				3				10				50
Property, plant and equipment, net			81				14				24				119
Total assets			1,207				401				141				1,749
2016
Revenue		$	1,445			$	258			$	404			$	2,107
Operating loss			(192	)			(18	)			(12	)			(222	)
Depreciation and amortization			40				3				10				53
Property, plant and equipment, net			104				15				24				143
Total assets			1,112				306				185				1,603

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):

		December 31,
		2018				2017				2016
Product Category
Drilling and production		$	691			$	625			$	496
Pipe			587				418				287
Valves			664				541				374
Fittings and flanges			523				419				350
Mill tool, MRO, safety and other			662				645				600
Total		$	3,127			$	2,648			$	2,107

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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