10-Q Filing

HALLIBURTON CO CIK: 45012 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000045012-20-000059`
Period End Date	20200331
Filing Date	20200424
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	hal-20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 32 Cash Flow Statement 50 Comprehensive Income 10

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.39B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$4.85B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$4.58B	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$776.00M	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$769.00M	USD	Point-in-time
Inventories	`InventoryNet`	$3.22B	USD	Point-in-time
Inventories	`InventoryNet`	$3.14B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.20B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.23B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.21B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.65B	USD	Point-in-time
Property, plant, and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$7.31B	USD	Point-in-time
Property, plant, and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$6.22B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.98B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.63B	USD	Point-in-time
Goodwill	`Goodwill`	$2.81B	USD	Point-in-time
Goodwill	`Goodwill`	$2.81B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.59B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.68B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$931.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$897.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.44B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.43B	USD	Point-in-time
Total assets	`Assets`	$25.38B	USD	Point-in-time
Total assets	`Assets`	$23.62B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.64B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.43B	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$604.00M	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$547.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$208.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$222.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$11.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$193.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.62B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.45B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.88B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$9.63B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$10.32B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$803.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$825.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$525.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$477.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$813.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$808.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.78B	USD	Point-in-time
Total liabilities	`Liabilities`	$17.35B	USD	Point-in-time
Common stock, par value $2.50 per share	`CommonStockValue`	$2.67B	USD	Point-in-time
Common stock, par value $2.50 per share	`CommonStockValue`	$2.67B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$2.50	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$2.50	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.07B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.07B	shares	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$110.00M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$143.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-351.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-362.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.99B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.81B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$6.41B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$6.43B	USD	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	194.00M	shares	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	190.00M	shares	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$8.01B	USD	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$6.83B	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$13.00M	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$13.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.84B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.62B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.54B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$23.62B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$25.38B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.74B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.04B	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	$1.07B	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	$61.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$59.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$54.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$5.37B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$5.61B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$-571.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$365.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-134.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-143.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-168.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-23.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-30.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$192.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-896.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$40.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$119.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.01B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$152.00M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$-1.02B	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$152.00M	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$-1.16	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	873.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	878.00M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.01B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$152.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$348.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$416.00M	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	$61.00M	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	$1.07B	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$339.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$371.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$250.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$60.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$236.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$79.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$158.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$-19.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$437.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$213.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$69.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$43.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$17.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$21.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-165.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-411.00M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$8.00M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.65B	USD	1 Quarter
Proceeds from issuance of long-term debt, net	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	-	USD	1 Quarter
Proceeds from issuance of long-term debt, net	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$994.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$158.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$157.00M	USD	1 Quarter
Stock repurchase program	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	1 Quarter
Stock repurchase program	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$10.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$12.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-903.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-155.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-18.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-40.00M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-883.00M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-628.00M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01B	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38B	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.39B	USD	Point-in-time
Interest	`InterestPaidNet`	$144.00M	USD	1 Quarter
Interest	`InterestPaidNet`	$128.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$81.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$116.00M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.01B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$152.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$11.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$153.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.00B	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$-1.01B	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$153.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.