10-Q Filing

HALLIBURTON CO CIK: 45012 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000045012-23-000027`
Period End Date	20230331
Filing Date	20230426
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	hal-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 36 Cash Flow Statement 53 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`	$1.88B	USD	Point-in-time
Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$4.63B	USD	Point-in-time
Receivables net of allowances for bad debts	`ReceivablesNetCurrent`	$5.20B	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$720.00M	USD	Point-in-time
Allowance for bad debts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$731.00M	USD	Point-in-time
Inventories	`InventoryNet`	$2.92B	USD	Point-in-time
Inventories	`InventoryNet`	$3.13B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.06B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.04B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.95B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.24B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.35B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.40B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.66B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.69B	USD	Point-in-time
Goodwill	`Goodwill`	$2.83B	USD	Point-in-time
Goodwill	`Goodwill`	$2.83B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.64B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.57B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$913.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$940.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.58B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.63B	USD	Point-in-time
Total assets	`Assets`	$23.25B	USD	Point-in-time
Total assets	`Assets`	$23.62B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.12B	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$474.00M	USD	Point-in-time
Accrued employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$634.00M	USD	Point-in-time
Accrual for Taxes Other than Income Taxes, Current	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$299.00M	USD	Point-in-time
Accrual for Taxes Other than Income Taxes, Current	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$349.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$227.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$224.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$723.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$793.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.27B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.34B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.93B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.93B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$812.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$791.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$408.00M	USD	Point-in-time
Employee compensation and benefits	`DeferredCompensationLiabilityClassifiedNoncurrent`	$377.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$806.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$790.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$15.28B	USD	Point-in-time
Common stock, par value $2.50 per share	`CommonStockValue`	$2.66B	USD	Point-in-time
Common stock, par value $2.50 per share	`CommonStockValue`	$2.66B	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`	1.06B	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`	-	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$50.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-229.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-230.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.57B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.07B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.11B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.09B	USD	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	164.00M	shares	Point-in-time
Treasury shares (in shares)	`TreasuryStockShares`	163.00M	shares	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$7.95B	USD	Point-in-time
Company shareholders' equity	`StockholdersEquity`	$8.41B	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$29.00M	USD	Point-in-time
Noncontrolling interest in consolidated subsidiaries	`MinorityInterest`	$30.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.98B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.45B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.73B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$23.25B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$23.62B	USD	Point-in-time
Accrued Income Taxes, Current	`AccruedIncomeTaxesCurrent`	$294.00M	USD	Point-in-time
Accrued Income Taxes, Current	`AccruedIncomeTaxesCurrent`	$293.00M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.68B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.28B	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	$22.00M	USD	1 Quarter
Impairments and other charges	`RestructuringSettlementAndImpairmentProvisions`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$54.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$52.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$4.70B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$3.77B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$511.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$977.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$19.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$39.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-107.00M	USD	1 Quarter
Interest expense, net of interest income	`InterestIncomeExpenseNonoperatingNet`	$-79.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-42.00M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-30.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-69.00M	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`	$829.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$174.00M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$68.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$655.00M	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`	$4.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$263.00M	USD	1 Quarter
Net income (loss) attributable to company	`NetIncomeLoss`	$651.00M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$720.00K	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$290.00K	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$720.00K	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$290.00K	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	904.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	899.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	907.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	903.00M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$655.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$264.00M	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	-	USD	1 Quarter
Impairments and other charges	`RestructuringCharges`	$22.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$241.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$232.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$575.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$368.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$207.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$225.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$210.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$95.00M	USD	1 Quarter
Other operating activities	`OtherNoncashIncomeExpense`	$-143.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.00M	USD	1 Quarter
Total cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$122.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$268.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$189.00M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$41.00M	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`	$68.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-155.00M	USD	1 Quarter
Total cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-295.00M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$640.00M	USD	1 Quarter
Payments on long-term borrowings	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$145.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$108.00M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$100.00M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$80.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-249.00M	USD	1 Quarter
Total cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-668.00M	USD	1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-45.00M	USD	1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-17.00M	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`	$-467.00M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35B	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`	$2.35B	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`	$1.88B	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35B	USD	Point-in-time
Interest	`InterestPaidNet`	$134.00M	USD	1 Quarter
Interest	`InterestPaidNet`	$127.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$78.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$148.00M	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`	$-87.00M	USD	1 Quarter
Increase (Decrease) in Employee Related Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-189.00M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$655.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$264.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$5.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$656.00M	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`	$4.00M	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$652.00M	USD	1 Quarter
Comprehensive income (loss) attributable to company shareholders	`ComprehensiveIncomeNetOfTax`	$268.00M	USD	1 Quarter

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