10-Q Filing

HALLIBURTON CO CIK: 45012 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000045012-21-000019`
Period End Date	20210331
Filing Date	20210427
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	hal-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 34 Cash Flow Statement 55 Comprehensive Income 10

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.39B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$3.07B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$3.25B	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$791.00M	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$824.00M	USD	Point-in-time
Inventories	`InventoryNet`	$2.35B	USD	Point-in-time
Inventories	`InventoryNet`	$2.35B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.48B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.49B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.52B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.47B	USD	Point-in-time
Property, plant, and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$4.23B	USD	Point-in-time
Property, plant, and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$4.33B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.04B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.00B	USD	Point-in-time
Goodwill	`Goodwill`	$2.80B	USD	Point-in-time
Goodwill	`Goodwill`	$2.80B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.17B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.17B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$760.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$786.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.12B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$20.57B	USD	Point-in-time
Total assets	`Assets`	$20.68B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.77B	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$479.00M	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$517.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$250.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$251.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$515.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$695.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.21B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.39B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.42B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.22B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$9.13B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$9.13B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$718.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$758.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$518.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$562.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$808.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$824.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.40B	USD	Point-in-time
Total liabilities	`Liabilities`	$15.70B	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`	$34.00M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-362.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-362.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.69B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.71B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.88B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$6.02B	USD	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	181.00M	shares	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	178.00M	shares	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$5.17B	USD	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$4.97B	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$9.00M	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$9.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.84B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$20.68B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$20.57B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.45B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.04B	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	-	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	$1.07B	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$54.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$48.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$3.08B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$5.61B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$370.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$-571.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-134.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-125.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-168.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-23.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-22.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$223.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-896.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$119.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$52.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.01B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$171.00M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$170.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$-1.02B	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$-1.16	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	878.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	889.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	878.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	889.00M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.01B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$171.00M	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	$1.07B	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	-	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$226.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$348.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$145.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$371.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$250.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$205.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$79.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$-132.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$186.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$203.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$213.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$104.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$69.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$21.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-62.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-165.00M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$188.00M	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`	$40.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$158.00M	USD	1 Quarter
Stock repurchase program	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Stock repurchase program	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$5.00M	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`	$-223.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.00M	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`	$-117.00M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.56B	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.56B	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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45B	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56B	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`	$138.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$54.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$116.00M	USD	1 Quarter
Maximum Percentage Gross Trade Receivables From One Customer	`MaximumPercentageGrossTradeReceivablesFromOneCustomer`	0.10	pure	Point-in-time
Maximum Percentage Gross Trade Receivables From One Customer	`MaximumPercentageGrossTradeReceivablesFromOneCustomer`	0.10	pure	Point-in-time
Increase (Decrease) in Employee Related Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-113.00M	USD	1 Quarter
Increase (Decrease) in Employee Related Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-67.00M	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`	$171.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$11.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$171.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.00B	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$170.00M	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$-1.01B	USD	1 Quarter

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