10-Q Filing

WEATHERFORD INTERNATIONAL PLC CIK: 1603923 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001603923-17-000107`
Period End Date	20170630
Filing Date	20170801
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	wft-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 108 Cash Flow Statement 96 Comprehensive Income 34

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for Uncollectible Accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$91.00M	USD	Point-in-time
Allowance for Uncollectible Accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$129.00M	USD	Point-in-time
Accumulated Depreciation of Property, Plant and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.36B	USD	Point-in-time
Accumulated Depreciation of Property, Plant and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.52B	USD	Point-in-time
Accumulated Amortization of Other Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$801.00M	USD	Point-in-time
Accumulated Amortization of Other Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$836.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$584.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$452.00M	USD	Point-in-time
Common Shares, Par Value (in USD)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$467.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Common Shares, Par Value (in USD)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $91 in 2017 and $129 in 2016	`ReceivablesNetCurrent`	$1.38B	USD	Point-in-time
Common Shares, Authorized (in shares)	`CommonStockSharesAuthorized`	1.36B	shares	Point-in-time
Common Shares, Authorized (in shares)	`CommonStockSharesAuthorized`	1.36B	shares	Point-in-time
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $91 in 2017 and $129 in 2016	`ReceivablesNetCurrent`	$1.17B	USD	Point-in-time
Common Shares, Conditionally Authorized (in shares)	`CommonSharesSharesConditionallyAuthorized`	0.00	shares	Point-in-time
Inventories, Net	`InventoryNet`	$1.73B	USD	Point-in-time
Inventories, Net	`InventoryNet`	$1.80B	USD	Point-in-time
Common Shares, Conditionally Authorized (in shares)	`CommonSharesSharesConditionallyAuthorized`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$263.00M	USD	Point-in-time
Common Shares, Issued (in shares)	`CommonStockSharesIssued`	986.00M	shares	Point-in-time
Common Shares, Issued (in shares)	`CommonStockSharesIssued`	983.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$233.00M	USD	Point-in-time
Common Stock, Outstanding (in shares)	`CommonStockSharesOutstanding`	986.00M	shares	Point-in-time
Common Stock, Outstanding (in shares)	`CommonStockSharesOutstanding`	983.00M	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$402.00M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$408.00M	USD	Point-in-time
Assets Held for Sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$23.00M	USD	Point-in-time
Treasury Shares, at cost (in shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Assets Held for Sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$929.00M	USD	Point-in-time
Treasury Shares, at cost (in shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.91B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.05B	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,518 in 2017 and $7,362 in 2016	`PropertyPlantAndEquipmentNet`	$4.48B	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,518 in 2017 and $7,362 in 2016	`PropertyPlantAndEquipmentNet`	$4.11B	USD	Point-in-time
Goodwill	`Goodwill`	$2.80B	USD	Point-in-time
Goodwill	`Goodwill`	$2.29B	USD	Point-in-time
Other Intangible Assets, Net of Accumulated Amortization of $836 in 2017 and $801 in 2016	`IntangibleAssetsNetExcludingGoodwill`	$248.00M	USD	Point-in-time
Other Intangible Assets, Net of Accumulated Amortization of $836 in 2017 and $801 in 2016	`IntangibleAssetsNetExcludingGoodwill`	$234.00M	USD	Point-in-time
Equity Investments	`EquityMethodInvestments`	$66.00M	USD	Point-in-time
Equity Investments	`EquityMethodInvestments`	$63.00M	USD	Point-in-time
Other Non-Current Assets	`OtherAssetsNoncurrent`	$163.00M	USD	Point-in-time
Other Non-Current Assets	`OtherAssetsNoncurrent`	$304.00M	USD	Point-in-time
Total Assets	`Assets`	$12.66B	USD	Point-in-time
Total Assets	`Assets`	$12.05B	USD	Point-in-time
Short-term Borrowings and Current Portion of Long-term Debt	`DebtCurrent`	$179.00M	USD	Point-in-time
Short-term Borrowings and Current Portion of Long-term Debt	`DebtCurrent`	$152.00M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$845.00M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$837.00M	USD	Point-in-time
Accrued Salaries and Benefits	`EmployeeRelatedLiabilitiesCurrent`	$291.00M	USD	Point-in-time
Accrued Salaries and Benefits	`EmployeeRelatedLiabilitiesCurrent`	$295.00M	USD	Point-in-time
Income Taxes Payable	`TaxesPayableCurrent`	$255.00M	USD	Point-in-time
Income Taxes Payable	`TaxesPayableCurrent`	$223.00M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$783.00M	USD	Point-in-time
Other Current Liabilities	`OtherLiabilitiesCurrent`	$858.00M	USD	Point-in-time
Liabilities Held for Sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Liabilities Held for Sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$90.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.43B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.38B	USD	Point-in-time
Long-term Debt	`LongTermDebtAndCapitalLeaseObligations`	$7.54B	USD	Point-in-time
Long-term Debt	`LongTermDebtAndCapitalLeaseObligations`	$7.40B	USD	Point-in-time
Other Non-Current Liabilities	`OtherLiabilitiesNoncurrent`	$610.00M	USD	Point-in-time
Other Non-Current Liabilities	`OtherLiabilitiesNoncurrent`	$765.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.60B	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.53B	USD	Point-in-time
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 986 shares at June 30, 2017 and 983 shares at December 31, 2016	`CommonStockValue`	$1.00M	USD	Point-in-time
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 986 shares at June 30, 2017 and 983 shares at December 31, 2016	`CommonStockValue`	$1.00M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$6.57B	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$6.61B	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.57B	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.95B	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.64B	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.61B	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.58B	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.58B	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.51B	USD	Point-in-time
Weatherford Shareholders Equity	`StockholdersEquity`	$2.01B	USD	Point-in-time
Weatherford Shareholders Equity	`StockholdersEquity`	$1.47B	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	$56.00M	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	$57.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.37B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.19B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$12.66B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$12.05B	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$1.04B	USD	2 Qtrs
Products	`SalesRevenueGoodsNet`	$479.00M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$999.00M	USD	2 Qtrs
Products	`SalesRevenueGoodsNet`	$488.00M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$923.00M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$1.95B	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	$1.75B	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	$875.00M	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$2.99B	USD	2 Qtrs
Total Revenues	`SalesRevenueNet`	$1.36B	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$1.40B	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$2.75B	USD	2 Qtrs
Cost of Products	`CostOfGoodsSold`	$959.00M	USD	2 Qtrs
Cost of Products	`CostOfGoodsSold`	$1.09B	USD	2 Qtrs
Cost of Products	`CostOfGoodsSold`	$513.00M	USD	1 Quarter
Cost of Products	`CostOfGoodsSold`	$473.00M	USD	1 Quarter
Cost of Services	`CostOfServices`	$1.62B	USD	2 Qtrs
Cost of Services	`CostOfServices`	$725.00M	USD	1 Quarter
Cost of Services	`CostOfServices`	$716.00M	USD	1 Quarter
Cost of Services	`CostOfServices`	$1.44B	USD	2 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$41.00M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$86.00M	USD	2 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$36.00M	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$75.00M	USD	2 Qtrs
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$499.00M	USD	2 Qtrs
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$446.00M	USD	2 Qtrs
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$214.00M	USD	1 Quarter
Selling, General and Administrative Attributable to Segments	`SellingGeneralandAdministrativeExpensePortionAttributabletoSegments`	$230.00M	USD	1 Quarter
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$76.00M	USD	2 Qtrs
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$32.00M	USD	1 Quarter
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$65.00M	USD	2 Qtrs
Corporate General and Administrative	`GeneralAndAdministrativeExpense`	$34.00M	USD	1 Quarter
Asset Write-Downs and Other	`AssetWriteDownandOther`	$154.00M	USD	1 Quarter
Asset Write-Downs and Other	`AssetWriteDownandOther`	$-12.00M	USD	1 Quarter
Asset Write-Downs and Other	`AssetWriteDownandOther`	$-15.00M	USD	2 Qtrs
Asset Write-Downs and Other	`AssetWriteDownandOther`	$212.00M	USD	2 Qtrs
Restructuring Charges	`RestructuringCharges`	$51.00M	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	$106.00M	USD	2 Qtrs
Restructuring Charges	`RestructuringCharges`	$128.00M	USD	2 Qtrs
Restructuring Charges	`RestructuringCharges`	$31.00M	USD	1 Quarter
Litigation Charges, Net	`LossContingencyAccrualProvision`	$114.00M	USD	1 Quarter
Litigation Charges, Net	`LossContingencyAccrualProvision`	-	USD	2 Qtrs
Litigation Charges, Net	`LossContingencyAccrualProvision`	-	USD	1 Quarter
Litigation Charges, Net	`LossContingencyAccrualProvision`	$181.00M	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$1.49B	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.89B	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$1.86B	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.07B	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-460.00M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-907.00M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-127.00M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-323.00M	USD	2 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-234.00M	USD	2 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-119.00M	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-279.00M	USD	2 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNonoperatingNet`	$-138.00M	USD	1 Quarter
Bond Tender Premium, Net	`BondTenderPremiumNet`	$-78.00M	USD	1 Quarter
Bond Tender Premium, Net	`BondTenderPremiumNet`	-	USD	1 Quarter
Bond Tender Premium, Net	`BondTenderPremiumNet`	-	USD	2 Qtrs
Bond Tender Premium, Net	`BondTenderPremiumNet`	$-78.00M	USD	2 Qtrs
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	$-127.00M	USD	1 Quarter
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	$-65.00M	USD	2 Qtrs
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	$31.00M	USD	2 Qtrs
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	2 Qtrs
Other Expense, Net	`OtherNonoperatingIncomeExpense`	$-6.00M	USD	2 Qtrs
Other Expense, Net	`OtherNonoperatingIncomeExpense`	$-21.00M	USD	2 Qtrs
Other Expense, Net	`OtherNonoperatingIncomeExpense`	$-10.00M	USD	1 Quarter
Other Expense, Net	`OtherNonoperatingIncomeExpense`	$-7.00M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.26B	USD	2 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-664.00M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-558.00M	USD	2 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-148.00M	USD	1 Quarter
Income Tax (Provision) Benefit	`IncomeTaxExpenseBenefit`	$50.00M	USD	2 Qtrs
Income Tax (Provision) Benefit	`IncomeTaxExpenseBenefit`	$-203.00M	USD	2 Qtrs
Income Tax (Provision) Benefit	`IncomeTaxExpenseBenefit`	$-102.00M	USD	1 Quarter
Income Tax (Provision) Benefit	`IncomeTaxExpenseBenefit`	$17.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-165.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-608.00M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-562.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.05B	USD	2 Qtrs
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.00M	USD	2 Qtrs
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.00M	USD	2 Qtrs
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Net Income Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-1.06B	USD	2 Qtrs
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-171.00M	USD	1 Quarter
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-619.00M	USD	2 Qtrs
Net Income (Loss) Attributable to Weatherford	`NetIncomeLoss`	$-565.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.24	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.63	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.63	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-1.24	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.63	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.63	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Weighted average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	899.00M	shares	1 Quarter
Weighted average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	990.00M	shares	1 Quarter
Weighted average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	989.00M	shares	2 Qtrs
Weighted average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	856.00M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	856.00M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	899.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	989.00M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	990.00M	shares	1 Quarter

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-165.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-608.00M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-562.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.05B	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$249.00M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$412.00M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$204.00M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$499.00M	USD	2 Qtrs
Employee Share-Based Compensation Expense	`ShareBasedCompensation`	$38.00M	USD	2 Qtrs
Employee Share-Based Compensation Expense	`ShareBasedCompensation`	$41.00M	USD	2 Qtrs
Asset Write-Downs and Other Charges	`ImpairmentOfLongLivedAssetsHeldForUse`	$34.00M	USD	2 Qtrs
Asset Write-Downs and Other Charges	`ImpairmentOfLongLivedAssetsHeldForUse`	$164.00M	USD	2 Qtrs
Inventory Charges	`InventoryWriteDown`	$35.00M	USD	2 Qtrs
Inventory Charges	`InventoryWriteDown`	$26.00M	USD	2 Qtrs
Defined Benefit Pension Plan Gains	`IncreaseDecreaseInPensionPlanObligations`	-	USD	2 Qtrs
Defined Benefit Pension Plan Gains	`IncreaseDecreaseInPensionPlanObligations`	$-41.00M	USD	2 Qtrs
Litigation Charges	`LitigationSettlementExpense`	-	USD	2 Qtrs
Litigation Charges	`LitigationSettlementExpense`	$185.00M	USD	2 Qtrs
Bond Tender Premium	`BondTenderPremiumNet`	$-78.00M	USD	1 Quarter
Bond Tender Premium	`BondTenderPremiumNet`	-	USD	1 Quarter
Bond Tender Premium	`BondTenderPremiumNet`	-	USD	2 Qtrs
Bond Tender Premium	`BondTenderPremiumNet`	$-78.00M	USD	2 Qtrs
Deferred Income Tax Provision (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$-215.00M	USD	2 Qtrs
Deferred Income Tax Provision (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$4.00M	USD	2 Qtrs
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	$31.00M	USD	2 Qtrs
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	1 Quarter
Currency Devaluation Charges	`ForeignCurrencyDevaluationLossbeforeTax`	-	USD	2 Qtrs
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	$-127.00M	USD	1 Quarter
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	$-65.00M	USD	2 Qtrs
Warrant Fair Value Adjustment	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$-75.00M	USD	2 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$-72.00M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-170.00M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$12.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$47.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-122.00M	USD	2 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-67.00M	USD	2 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-69.00M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayableTrade`	$-16.00M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayableTrade`	$-167.00M	USD	2 Qtrs
Accrued Litigation and Settlements	`IncreaseDecreaseinAccruedLitigationandSettlements`	$-62.00M	USD	2 Qtrs
Accrued Litigation and Settlements	`IncreaseDecreaseinAccruedLitigationandSettlements`	$-10.00M	USD	2 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-16.00M	USD	2 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-282.00M	USD	2 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$41.00M	USD	2 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$67.00M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-339.00M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-241.00M	USD	2 Qtrs
Capital Expenditures for Property, Plant and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.00M	USD	2 Qtrs
Capital Expenditures for Property, Plant and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$82.00M	USD	2 Qtrs
Acquisition of Assets Held for Sale	`IncreaseDecreaseInAssetsHeldForSale`	$243.00M	USD	2 Qtrs
Acquisition of Assets Held for Sale	`IncreaseDecreaseInAssetsHeldForSale`	-	USD	2 Qtrs
Acquisition of Intellectual Property	`PaymentsToAcquireIntangibleAssets`	$8.00M	USD	2 Qtrs
Acquisition of Intellectual Property	`PaymentsToAcquireIntangibleAssets`	$9.00M	USD	2 Qtrs
Insurance Proceeds Related to Asset Casualty Loss	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	2 Qtrs
Insurance Proceeds Related to Asset Casualty Loss	`ProceedsFromInsuranceSettlementInvestingActivities`	$30.00M	USD	2 Qtrs
Proceeds from Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00M	USD	2 Qtrs
Proceeds from Sale of Assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$25.00M	USD	2 Qtrs
Payment Related to Sale of Businesses, Net	`Proceedspaymentsfromsaleofbusinessesandequityinvestmentnet`	$-20.00M	USD	2 Qtrs
Payment Related to Sale of Businesses, Net	`Proceedspaymentsfromsaleofbusinessesandequityinvestmentnet`	$-1.00M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$5.00M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-315.00M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.00M	USD	2 Qtrs
Borrowings of Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.16B	USD	2 Qtrs
Borrowings of Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$251.00M	USD	2 Qtrs
Repayments of Long-term Debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.88B	USD	2 Qtrs
Repayments of Long-term Debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$36.00M	USD	2 Qtrs
Repayments of Short-term Debt, Net	`ProceedsFromRepaymentsOfShortTermDebt`	$-96.00M	USD	2 Qtrs
Repayments of Short-term Debt, Net	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.38B	USD	2 Qtrs
Proceeds from Issuance of Ordinary Common Shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from Issuance of Ordinary Common Shares	`ProceedsFromIssuanceOfCommonStock`	$623.00M	USD	2 Qtrs
Bond Tender Premium	`PaymentsforBondTenderPremium`	-	USD	2 Qtrs
Bond Tender Premium	`PaymentsforBondTenderPremium`	$78.00M	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-20.00M	USD	2 Qtrs
Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-25.00M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$415.00M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$99.00M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.00M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.00M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-453.00M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.00M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$584.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$452.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$467.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$584.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$452.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$467.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Interest Paid	`InterestPaid`	$261.00M	USD	2 Qtrs
Interest Paid	`InterestPaid`	$251.00M	USD	2 Qtrs
Income Taxes Paid, Net of Refunds	`IncomeTaxesPaidNet`	$120.00M	USD	2 Qtrs
Income Taxes Paid, Net of Refunds	`IncomeTaxesPaidNet`	$47.00M	USD	2 Qtrs

Comprehensive Income 34 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$-165.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-608.00M	USD	2 Qtrs
Net Loss	`ProfitLoss`	$-562.00M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.05B	USD	2 Qtrs
Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-10.00M	USD	1 Quarter
Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.00M	USD	1 Quarter
Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$74.00M	USD	2 Qtrs
Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$132.00M	USD	2 Qtrs
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$41.00M	USD	2 Qtrs
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	2 Qtrs
Defined Benefit Pension Activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$21.00M	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	-	USD	2 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	-	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	-	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$1.00M	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-10.00M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$33.00M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$134.00M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$134.00M	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$33.00M	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-9.00M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-571.00M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-919.00M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-575.00M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-175.00M	USD	1 Quarter
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.00M	USD	2 Qtrs
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.00M	USD	2 Qtrs
Comprehensive Income Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.00M	USD	1 Quarter
Comprehensive Loss Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$-181.00M	USD	1 Quarter
Comprehensive Loss Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$-586.00M	USD	2 Qtrs
Comprehensive Loss Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$-929.00M	USD	2 Qtrs
Comprehensive Loss Attributable to Weatherford	`ComprehensiveIncomeNetOfTax`	$-574.00M	USD	1 Quarter

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