10-Q Filing

HALLIBURTON CO CIK: 45012 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000045012-22-000032`
Period End Date	20220331
Filing Date	20220422
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	hal-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 34 Cash Flow Statement 51 Comprehensive Income 10

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.04B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$4.03B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$3.67B	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$751.00M	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$754.00M	USD	Point-in-time
Inventories	`InventoryNet`	$2.58B	USD	Point-in-time
Inventories	`InventoryNet`	$2.36B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$872.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$959.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.72B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.94B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.27B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.33B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.59B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.44B	USD	Point-in-time
Goodwill	`Goodwill`	$2.85B	USD	Point-in-time
Goodwill	`Goodwill`	$2.84B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.69B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.74B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$913.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$934.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.58B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.58B	USD	Point-in-time
Total assets	`Assets`	$22.07B	USD	Point-in-time
Total assets	`Assets`	$22.32B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.56B	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$493.00M	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$434.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$237.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$240.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$667.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$678.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.31B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.44B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$8.53B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$9.13B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$815.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$845.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$460.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$492.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$791.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$823.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.04B	USD	Point-in-time
Total liabilities	`Liabilities`	$15.59B	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`	$32.00M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-183.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-178.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.71B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.78B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.25B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.51B	USD	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	170.00M	shares	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	165.00M	shares	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$6.71B	USD	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$7.02B	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$15.00M	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$16.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.73B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.07B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.32B	USD	Point-in-time
Taxes Payable, Current	`TaxesPayableCurrent`	$292.00M	USD	Point-in-time
Taxes Payable, Current	`TaxesPayableCurrent`	$267.00M	USD	Point-in-time
Accrued Income Taxes, Current	`AccruedIncomeTaxesCurrent`	$267.00M	USD	Point-in-time
Accrued Income Taxes, Current	`AccruedIncomeTaxesCurrent`	$261.00M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.28B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.45B	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	-	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	$22.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$52.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$48.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$3.77B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$3.08B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$370.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$511.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-125.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-107.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-42.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-30.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-22.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$332.00M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$223.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$68.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$52.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$171.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$264.00M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$263.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$170.00M	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$290.00K	USD	1 Quarter
Basic and diluted net income per share	`EarningsPerShareBasicAndDiluted`	$190.00K	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	899.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	889.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	903.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	889.00M	shares	1 Quarter
Interest income	`InvestmentIncomeInterest`	$19.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$171.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$264.00M	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	$22.00M	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`	$232.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$368.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$145.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$207.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$205.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$225.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$95.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$186.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$203.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$104.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$189.00M	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`	$56.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$22.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-62.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-155.00M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$640.00M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$188.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$108.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$40.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$80.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$5.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-223.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-668.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-17.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.00M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-890.00M	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`	$3.04B	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`	$3.04B	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15B	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`	$3.04B	USD	Point-in-time
Interest	`InterestPaidNet`	$138.00M	USD	1 Quarter
Interest	`InterestPaidNet`	$261.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$54.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$78.00M	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`	$-67.00M	USD	1 Quarter
Increase (Decrease) in Employee Related Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-87.00M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$171.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$264.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$5.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$171.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$269.00M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$268.00M	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$170.00M	USD	1 Quarter

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