10-Q Filing

WEATHERFORD INTERNATIONAL PLC CIK: 1603923 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001603923-14-000045`
Period End Date	20140630
Filing Date	20140725
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	wft-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 104 Cash Flow Statement 78 Comprehensive Income 28

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Allowance for Uncollectible Accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$111.00M	USD	Point-in-time
Allowance for Uncollectible Accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$106.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$295.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$300.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$571.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$435.00M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $111 and $106	`ReceivablesNetCurrent`	$3.40B	USD	Point-in-time
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $111 and $106	`ReceivablesNetCurrent`	$3.34B	USD	Point-in-time
Accumulated Depreciation of Property, Plant and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.37B	USD	Point-in-time
Accumulated Depreciation of Property, Plant and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.79B	USD	Point-in-time
Inventories, Net	`InventoryNet`	$3.37B	USD	Point-in-time
Inventories, Net	`InventoryNet`	$3.29B	USD	Point-in-time
Accumulated Amortization of Other Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$725.00M	USD	Point-in-time
Accumulated Amortization of Other Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$780.00M	USD	Point-in-time
Deferred Tax Assets	`DeferredTaxAssetsNetCurrent`	$294.00M	USD	Point-in-time
Deferred Tax Assets	`DeferredTaxAssetsNetCurrent`	$297.00M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$1.05B	USD	Point-in-time
Common Shares, Par Value (in USD and CHF per share, respectively)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Shares, Par Value (in USD and CHF per share, respectively)	`CommonStockParOrStatedValuePerShare`	1.16	CHF	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$1.11B	USD	Point-in-time
Common Shares, Authorized (in shares)	`CommonStockSharesAuthorized`	840.00M	shares	Point-in-time
Common Shares, Authorized (in shares)	`CommonStockSharesAuthorized`	1.36B	shares	Point-in-time
Current Assets Held for Sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.03B	USD	Point-in-time
Current Assets Held for Sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.31B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.78B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.72B	USD	Point-in-time
Common Shares, Conditionally Authorized (in shares)	`CommonSharesSharesConditionallyAuthorized`	372.00M	shares	Point-in-time
Common Shares, Issued (in shares)	`CommonStockSharesIssued`	840.00M	shares	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation of $6,785 and $6,370	`PropertyPlantAndEquipmentNet`	$7.59B	USD	Point-in-time
Common Shares, Issued (in shares)	`CommonStockSharesIssued`	773.00M	shares	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation of $6,785 and $6,370	`PropertyPlantAndEquipmentNet`	$7.59B	USD	Point-in-time
Common Stock, Outstanding (in shares)	`CommonStockSharesOutstanding`	773.00M	shares	Point-in-time
Common Stock, Outstanding (in shares)	`CommonStockSharesOutstanding`	767.00M	shares	Point-in-time
Goodwill	`Goodwill`	$3.48B	USD	Point-in-time
Goodwill	`Goodwill`	$3.49B	USD	Point-in-time
Other Intangible Assets, Net of Accumulated Amortization of $780 and $725	`IntangibleAssetsNetExcludingGoodwill`	$616.00M	USD	Point-in-time
Treasury Shares, at cost (in shares)	`TreasuryStockShares`	73.00M	shares	Point-in-time
Other Intangible Assets, Net of Accumulated Amortization of $780 and $725	`IntangibleAssetsNetExcludingGoodwill`	$566.00M	USD	Point-in-time
Treasury Shares, at cost (in shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Equity Investments	`EquityMethodInvestments`	$262.00M	USD	Point-in-time
Equity Investments	`EquityMethodInvestments`	$296.00M	USD	Point-in-time
Other Non-current Assets	`OtherAssetsNoncurrent`	$200.00M	USD	Point-in-time
Other Non-current Assets	`OtherAssetsNoncurrent`	$201.00M	USD	Point-in-time
Total Assets	`Assets`	$21.98B	USD	Point-in-time
Total Assets	`Assets`	$21.81B	USD	Point-in-time
Short-term Borrowings and Current Portion of Long-term Debt	`DebtCurrent`	$1.65B	USD	Point-in-time
Short-term Borrowings and Current Portion of Long-term Debt	`DebtCurrent`	$2.40B	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.82B	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.96B	USD	Point-in-time
Accrued Salaries and Benefits	`EmployeeRelatedLiabilitiesCurrent`	$481.00M	USD	Point-in-time
Accrued Salaries and Benefits	`EmployeeRelatedLiabilitiesCurrent`	$472.00M	USD	Point-in-time
Billings in Excess of Costs and Estimated Earnings	`BillingsInExcessOfCostCurrent`	$127.00M	USD	Point-in-time
Billings in Excess of Costs and Estimated Earnings	`BillingsInExcessOfCostCurrent`	-	USD	Point-in-time
Income Taxes Payable	`TaxesPayableCurrent`	$120.00M	USD	Point-in-time
Income Taxes Payable	`TaxesPayableCurrent`	$183.00M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$1.11B	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$785.00M	USD	Point-in-time
Current Liabilities Held for Sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$238.00M	USD	Point-in-time
Current Liabilities Held for Sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$189.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.74B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.80B	USD	Point-in-time
Long-term Debt	`LongTermDebtAndCapitalLeaseObligations`	$7.02B	USD	Point-in-time
Long-term Debt	`LongTermDebtAndCapitalLeaseObligations`	$7.06B	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$975.00M	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$941.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.76B	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.77B	USD	Point-in-time
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 773 shares at June 30, 2014 and Par Value 1.16 Swiss Francs; Authorized 840 shares, Conditionally Authorized 372 shares, Issued 840 shares, Outstanding 767 shares at December 31, 2013	`CommonStockValue`	$1.00M	USD	Point-in-time
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 773 shares at June 30, 2014 and Par Value 1.16 Swiss Francs; Authorized 840 shares, Conditionally Authorized 372 shares, Issued 840 shares, Outstanding 767 shares at December 31, 2013	`CommonStockValue`	$775.00M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$4.60B	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$5.37B	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$2.83B	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$3.01B	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.00M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-159.00M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-187.00M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$163.00M	USD	Point-in-time
Treasury Shares, 0 shares and 73 shares, at cost, at June 30, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$37.00M	USD	Point-in-time
Treasury Shares, 0 shares and 73 shares, at cost, at June 30, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Weatherford Shareholders Equity	`StockholdersEquity`	$7.98B	USD	Point-in-time
Weatherford Shareholders Equity	`StockholdersEquity`	$8.16B	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	$73.00M	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	$41.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.20B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.82B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.05B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$21.98B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$21.81B	USD	Point-in-time

Income Statement 104 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$2.94B	USD	2 Qtrs
Products	`SalesRevenueGoodsNet`	$1.49B	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$1.51B	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$2.98B	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	$4.37B	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	$2.22B	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$2.36B	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$4.73B	USD	2 Qtrs
Total Revenues	`SalesRevenueNet`	$3.71B	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$3.87B	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$7.31B	USD	2 Qtrs
Total Revenues	`SalesRevenueNet`	$7.71B	USD	2 Qtrs
Cost of Products	`CostOfGoodsSold`	$1.10B	USD	1 Quarter
Cost of Products	`CostOfGoodsSold`	$2.21B	USD	2 Qtrs
Cost of Products	`CostOfGoodsSold`	$1.07B	USD	1 Quarter
Cost of Products	`CostOfGoodsSold`	$2.17B	USD	2 Qtrs
Cost of Services	`CostOfServices`	$2.06B	USD	1 Quarter
Cost of Services	`CostOfServices`	$3.92B	USD	2 Qtrs
Cost of Services	`CostOfServices`	$1.73B	USD	1 Quarter
Cost of Services	`CostOfServices`	$3.50B	USD	2 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$75.00M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$71.00M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$138.00M	USD	2 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$144.00M	USD	2 Qtrs
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$396.00M	USD	1 Quarter
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$810.00M	USD	2 Qtrs
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$390.00M	USD	1 Quarter
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$799.00M	USD	2 Qtrs
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$149.00M	USD	2 Qtrs
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$59.00M	USD	1 Quarter
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$133.00M	USD	2 Qtrs
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$73.00M	USD	1 Quarter
Long-Lived Assets Impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	2 Qtrs
Long-Lived Assets Impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$143.00M	USD	2 Qtrs
Long-Lived Assets Impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	1 Quarter
Long-Lived Assets Impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$143.00M	USD	1 Quarter
Goodwill Impairment	`GoodwillImpairmentLoss`	$125.00M	USD	2 Qtrs
Goodwill Impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill Impairment	`GoodwillImpairmentLoss`	-	USD	2 Qtrs
Goodwill Impairment	`GoodwillImpairmentLoss`	$125.00M	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	$59.00M	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	-	USD	2 Qtrs
Restructuring Charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	$129.00M	USD	2 Qtrs
U.S. Government Investigation Loss Contingency	`LossContingencyAccrualProvision`	-	USD	1 Quarter
U.S. Government Investigation Loss Contingency	`LossContingencyAccrualProvision`	-	USD	2 Qtrs
U.S. Government Investigation Loss Contingency	`LossContingencyAccrualProvision`	$153.00M	USD	1 Quarter
U.S. Government Investigation Loss Contingency	`LossContingencyAccrualProvision`	$153.00M	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$7.37B	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$3.69B	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.81B	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$7.15B	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$155.00M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$334.00M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$55.00M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$25.00M	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-254.00M	USD	2 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-128.00M	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-128.00M	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-259.00M	USD	2 Qtrs
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	2 Qtrs
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	$-100.00M	USD	2 Qtrs
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Other, Net	`OtherNonoperatingIncomeExpense`	$-31.00M	USD	2 Qtrs
Other, Net	`OtherNonoperatingIncomeExpense`	$-18.00M	USD	1 Quarter
Other, Net	`OtherNonoperatingIncomeExpense`	$-28.00M	USD	2 Qtrs
Other, Net	`OtherNonoperatingIncomeExpense`	$-19.00M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-56.00M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-127.00M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-122.00M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-91.00M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$11.00M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$25.00M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$20.00M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$38.00M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-133.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-165.00M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-111.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-81.00M	USD	2 Qtrs
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.00M	USD	2 Qtrs
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$21.00M	USD	2 Qtrs
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-118.00M	USD	1 Quarter
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-145.00M	USD	1 Quarter
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-186.00M	USD	2 Qtrs
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-96.00M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.12	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.24	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	770.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	770.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	776.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	777.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	770.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	777.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	770.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	776.00M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-133.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-165.00M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-111.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-81.00M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$341.00M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$706.00M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$355.00M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$687.00M	USD	2 Qtrs
Employee Share-Based Compensation Expense	`ShareBasedCompensation`	$31.00M	USD	2 Qtrs
Employee Share-Based Compensation Expense	`ShareBasedCompensation`	$27.00M	USD	2 Qtrs
Long-Lived Assets Impairment	`TangibleAssetImpairmentCharges`	-	USD	2 Qtrs
Long-Lived Assets Impairment	`TangibleAssetImpairmentCharges`	$143.00M	USD	2 Qtrs
Goodwill Impairment	`GoodwillImpairmentLoss`	$125.00M	USD	2 Qtrs
Goodwill Impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill Impairment	`GoodwillImpairmentLoss`	-	USD	2 Qtrs
Goodwill Impairment	`GoodwillImpairmentLoss`	$125.00M	USD	1 Quarter
Deferred Income Tax Provision (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$-93.00M	USD	2 Qtrs
Deferred Income Tax Provision (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$16.00M	USD	2 Qtrs
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	2 Qtrs
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	$-100.00M	USD	2 Qtrs
Devaluation of Venezuelan Bolivar	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-2.00M	USD	2 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$26.00M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.00M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$50.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-48.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$70.00M	USD	2 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$73.00M	USD	2 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.00M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayableTrade`	$-155.00M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayableTrade`	$122.00M	USD	2 Qtrs
Billings in Excess of Costs and Estimated Earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-159.00M	USD	2 Qtrs
Billings in Excess of Costs and Estimated Earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-127.00M	USD	2 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-342.00M	USD	2 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-205.00M	USD	2 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$94.00M	USD	2 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$136.00M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$241.00M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$29.00M	USD	2 Qtrs
Capital Expenditures for Property, Plant and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$662.00M	USD	2 Qtrs
Capital Expenditures for Property, Plant and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$846.00M	USD	2 Qtrs
Acquisitions of Businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.00M	USD	2 Qtrs
Acquisitions of Businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-17.00M	USD	2 Qtrs
Acquisition of Intellectual Property	`PaymentsToAcquireIntangibleAssets`	$3.00M	USD	2 Qtrs
Acquisition of Intellectual Property	`PaymentsToAcquireIntangibleAssets`	$3.00M	USD	2 Qtrs
Proceeds from Sale of Assets and Businesses, Net	`ProceedsfromSaleofAssetsandDivestituresofBusinesses`	$66.00M	USD	2 Qtrs
Proceeds from Sale of Assets and Businesses, Net	`ProceedsfromSaleofAssetsandDivestituresofBusinesses`	$26.00M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-790.00M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-622.00M	USD	2 Qtrs
Repayments of Long-term Debt, Net	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$36.00M	USD	2 Qtrs
Repayments of Long-term Debt, Net	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$310.00M	USD	2 Qtrs
Borrowings of Short-term Debt, Net	`ProceedsFromRepaymentsOfShortTermDebt`	$854.00M	USD	2 Qtrs
Borrowings of Short-term Debt, Net	`ProceedsFromRepaymentsOfShortTermDebt`	$738.00M	USD	2 Qtrs
Excess Tax Benefits from Share-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.00M	USD	2 Qtrs
Excess Tax Benefits from Share-Based Compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Proceeds from Sale of EDC Treasury Shares	`ProceedsFromSaleOfTreasuryStock`	-	USD	2 Qtrs
Proceeds from Sale of EDC Treasury Shares	`ProceedsFromSaleOfTreasuryStock`	$22.00M	USD	2 Qtrs
Other Financing Activities, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$4.00M	USD	2 Qtrs
Other Financing Activities, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.00M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$548.00M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$722.00M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.00M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.00M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$136.00M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.00M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$295.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$300.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$571.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$435.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$295.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$300.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$571.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$435.00M	USD	Point-in-time
Interest Paid	`InterestPaid`	$264.00M	USD	2 Qtrs
Interest Paid	`InterestPaid`	$259.00M	USD	2 Qtrs
Income Taxes Paid, Net of Refunds	`IncomeTaxesPaidNet`	$257.00M	USD	2 Qtrs
Income Taxes Paid, Net of Refunds	`IncomeTaxesPaidNet`	$205.00M	USD	2 Qtrs

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-133.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-165.00M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-111.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-81.00M	USD	2 Qtrs
Foreign Currency Translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-173.00M	USD	1 Quarter
Foreign Currency Translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-36.00M	USD	2 Qtrs
Foreign Currency Translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-323.00M	USD	2 Qtrs
Foreign Currency Translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$166.00M	USD	1 Quarter
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	2 Qtrs
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	2 Qtrs
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-173.00M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-36.00M	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-322.00M	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$166.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-403.00M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-284.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-201.00M	USD	2 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$33.00M	USD	1 Quarter
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$21.00M	USD	2 Qtrs
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.00M	USD	2 Qtrs
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.00M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$21.00M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$-222.00M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$-291.00M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$-418.00M	USD	2 Qtrs

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