NOV (NOV) 10-Q 3 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 30, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'NOV	'
Entity Registrant Name	'NATIONAL OILWELL VARCO INC	'
Entity Central Index Key	'0001021860	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	430,573,759

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$4,091	$3,436
Receivables, net	4,482	4,896
Inventories, net	5,464	5,603
Costs in excess of billings	1,615	1,539
Deferred income taxes	399	373
Prepaid and other current assets	619	576
Total current assets	16,670	16,423
Property, plant and equipment, net	3,377	3,408
Deferred income taxes	433	372
Goodwill	8,614	9,049
Intangibles, net	4,695	5,055
Investment in unconsolidated affiliates	356	390
Other assets	125	115
Total assets	34,270	34,812
Current liabilities:	'	'
Accounts payable	1,259	1,275
Accrued liabilities	3,310	2,763
Billings in excess of costs	1,809	1,771
Current portion of long-term debt and short-term borrowings	151	1
Accrued income taxes	267	556
Deferred income taxes	405	312
Total current liabilities	7,201	6,678
Long-term debt	2,995	3,149
Deferred income taxes	2,088	2,292
Other liabilities	367	363
Total liabilities	12,651	12,482
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Common stock - par value $.01; 1 billion shares authorized; 430,569,502 and 428,433,703 shares issued and outstanding at September 30, 2014 and December 31, 2013	4	4
Additional paid-in capital	9,099	8,907
Accumulated other comprehensive loss	-362	-4
Retained earnings	12,782	13,323
Total Company stockholders' equity	21,523	22,230
Noncontrolling interests	96	100
Total stockholders' equity	21,619	22,330
Total liabilities and stockholders' equity	$34,270	$34,812

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	430,569,502	428,433,703
Common stock, shares outstanding	430,569,502	428,433,703

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Revenue	$5,587	$4,863	$15,731	$13,919
Cost of revenue	4,059	3,503	11,463	10,219
Gross profit	1,528	1,360	4,263	3,700
Selling, general and administrative	540	476	1,568	1,410
Operating profit	988	884	2,700	2,290
Interest and financial costs	-26	-26	-79	-84
Interest income	4	2	13	8
Equity income in unconsolidated affiliates	9	13	42	47
Other income (expense), net	9	-12	-12	-24
Income from continuing operations before income taxes	984	861	2,664	2,237
Provision for income taxes	283	263	806	686
Income from continuing operations	701	598	1,858	1,551
Income from discontinued operations	'	38	52	116
Net income	701	636	1,910	1,667
Net income (loss) attributable to noncontrolling interests	2	'	3	-2
Net income attributable to Company	$699	$636	$1,907	$1,669
Basic:	'	'	'	'
Income from continuing operations	$1.63	$1.40	$4.34	$3.64
Income from discontinued operations	'	$0.09	$0.12	$0.28
Net income attributable to Company	$1.63	$1.49	$4.46	$3.92
Diluted:	'	'	'	'
Income from continuing operations	$1.62	$1.40	$4.31	$3.62
Income from discontinued operations	'	$0.09	$0.12	$0.28
Net income attributable to Company	$1.62	$1.49	$4.43	$3.90
Cash dividends per share	$0.46	$0.26	$1.18	$0.65
Weighted average shares outstanding:	'	'	'	'
Basic	429	426	428	426
Diluted	431	428	430	428

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$701	$636	$1,910	$1,667
Currency translation adjustments	-310	154	-248	-84
Changes in derivative financial instruments, net of tax	-99	48	-110	-22
Comprehensive income	292	838	1,552	1,561
Comprehensive income (loss) attributable to noncontrolling interest	2	'	3	-2
Comprehensive income attributable to Company	$290	$838	$1,549	$1,563

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Income from continuing operations	$1,858	$1,551
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	579	543
Deferred income taxes	-36	-93
Equity income in unconsolidated affiliates	-42	-47
Dividend from unconsolidated affiliate	73	66
Other, net	180	82
Change in operating assets and liabilities, net of acquisitions:	'	'
Receivables	-201	-365
Inventories	-817	-128
Costs in excess of billings	-76	-415
Prepaid and other current assets	-73	2
Accounts payable	186	1
Billings in excess of costs	38	364
Income taxes payable	-289	-87
Other assets/liabilities, net	409	196
Net cash provided by continuing operating activities	1,789	1,670
Discontinued operations	89	209
Net cash provided by operating activities	1,878	1,879
Cash flows from investing activities:	'	'
Purchases of property, plant and equipment	-468	-434
Business acquisitions, net of cash acquired	-181	-2,397
Cash distributed in spin-off	-253	'
Other	117	69
Net cash used in continuing investing activities	-785	-2,762
Discontinued operations	-12	-50
Net cash used in investing activities	-797	-2,812
Cash flows from financing activities:	'	'
Borrowings against lines of credit and other debt	153	2,357
Repayments on debt	-155	-1,758
Cash dividends paid	-507	-278
Proceeds from stock options exercised	107	25
Other	9	17
Net cash provided by (used in) continuing financing activities	-393	363
Discontinued operations	'	'
Net cash provided by (used in) financing activities	-393	363
Effect of exchange rates on cash	-33	-8
Increase (decrease) in cash and cash equivalents	655	-578
Cash and cash equivalents, beginning of period	3,436	3,319
Cash and cash equivalents, end of period	4,091	2,741
Cash payments during the period for:	'	'
Interest	57	64
Income taxes	$1,097	$886

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	1	Basis of Presentation
	The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States requires management to make estimates and assumptions that affect reported and contingent amounts of assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	The accompanying unaudited consolidated financial statements of National Oilwell Varco, Inc. (“NOV” or the “Company”) present information in accordance with GAAP in the United States for interim financial information and the instructions to Form 10-Q and applicable rules of Regulation S-X. They do not include all information or footnotes required by GAAP in the United States for complete consolidated financial statements and should be read in conjunction with our 2013 Annual Report on Form 10-K.
	In our opinion, the consolidated financial statements include all adjustments, which are of a normal recurring nature, unless otherwise disclosed, necessary for a fair presentation of the results for the interim periods. The results of operations for the three and nine months ended September 30, 2014 are not necessarily indicative of the results to be expected for the full year.
	On May 30, 2014, the Company completed the spin-off of its distribution business into an independent public company named NOW Inc. (“NOW”). As a result, the results of operations for our distribution business have been classified as discontinued operations for all periods presented. See Note 2 for additional information. Unless indicated otherwise, the information in the Notes to the Consolidated Financial Statements relates to our continuing operations.
	In conjunction with the spin-off of NOW Inc. the Company reviewed its reporting and management structure, and effective April 1, 2014, reorganized the Rig Technology, Petroleum Services & Supplies and remaining operations of Distribution & Transmission reporting segments into four new reporting segments. The new reporting segments are Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions.
	Fair Value of Financial Instruments
	The carrying amounts of cash and cash equivalents, receivables, and payables approximated fair value because of the relatively short maturity of these instruments. Cash equivalents include only those investments having a maturity date of three months or less at the time of purchase. See Note 8 for the fair value of long-term debt and Note 11 for the fair value of derivative financial instruments.

Spinoff_of_Distribution_Busine

Spin-off of Distribution Business	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Spin-off of Distribution Business	'
	2	Spin-off of Distribution Business
	On May 30, 2014, the Company completed the previously announced spin-off (the “spin-off”) of its distribution business into an independent public company named NOW Inc., which trades on the New York Stock Exchange under the symbol “DNOW”. After the close of the New York Stock Exchange on May 30, 2014, the stockholders of record as of May 22, 2014 (the “Record Date”) received one share of NOW Inc. common stock for every four shares of NOV common stock held on the Record Date. No fractional shares of NOW Inc. common stock were distributed. Instead, the transfer agent aggregated any fractional shares into whole shares, sold those whole shares in the open market at prevailing rates and distributed the net cash proceeds, after deducting any taxes required to be withheld and any amount equal to all brokerage charges and commissions, pro rata to each holder who would otherwise have been entitled to receive fractional shares in the distribution.
	In order to effect the spin-off and govern its relationship with NOW after the spin-off, the Company entered into a Separation and Distribution Agreement, a Tax Matters Agreement, an Employee Matters Agreement, a Transition Services Agreement, a Master Distributor Agreement, and a Master Services Agreement. The Separation and Distribution Agreement governs the terms of the separation of the distribution business from NOV’s other businesses. Generally, the Separation and Distribution Agreement includes agreements between NOW and NOV relating to the restructuring steps needed to be taken to complete the separation, including the assets, equity interests and rights to be transferred, liabilities to be assumed, contracts to be assigned and related matters. The Separation and Distribution Agreement also governs the treatment of aspects relating to indemnification, insurance, litigation responsibility, confidentiality, management, intellectual property (including trademarks) and cooperation.
	The Tax Matters Agreement governs respective rights, responsibilities and obligations of NOV and NOW with respect to deficiencies and refunds, if any, of federal, state, local, and foreign taxes for periods before and after the distribution, as well as taxes attributable to the separation and distribution, and related matters such as the filing of tax returns and the conduct of IRS and other audits. In addition, the Tax Matters Agreement imposes certain restrictions on NOW and its subsidiaries (including restrictions on share issuances, business combinations, sales of assets and similar transactions) that are designed to preserve the generally tax-free status of the separation and distribution.
	The Employee Matters Agreement governs the compensation and employee benefit obligations with respect to the current and former employees of NOV and NOW and generally allocates liabilities and responsibilities relating to employee compensation and benefit plans and programs. The Employee Matters Agreement provides for the treatment of outstanding NOV equity awards. The Employee Matters Agreement also sets forth the general principles relating to employee matters, including with respect to the assignment of employees and the transfer of employees from us to NOW, the assumption and retention of liabilities and related assets, expense reimbursements, workers’ compensation, leaves of absence, the provision of comparable benefits, employee service credits, the sharing of employee information and the duplication or acceleration of benefits.
	The Transition Services Agreement sets forth the terms on which NOV will provide to NOW, and NOW will provide to NOV, on a temporary basis, certain services or functions that the companies historically have shared. Transition services may include administrative, payroll, human resources, data processing, environmental health and safety, financial audit support, financial transaction support, legal support services, IT and network infrastructure systems and various other support and corporate services. The Transition Services Agreement provides for the provision of specified transition services generally for a period of up to 18 months.
	The Master Distributor Agreement provides that NOW will act as a distributor of certain of NOV’s products. Under the Master Supply Agreement, NOW will supply products and provide solutions, including supply chain management solutions, to NOV.
	The following table presents the carrying value of assets and liabilities of NOW, immediately preceding the spin-off, which are excluded from our consolidated balance sheet at September 30, 2014 as a result of the spin-off on May 30, 2014 (in millions):
	Current assets:
	Cash and cash equivalents		$	253
	Receivables, net			753
	Inventories, net			844
	Deferred income taxes			30
	Prepaid and other current assets			35
	Total current assets of discontinued operations			1,915
	Property, plant and equipment, net			115
	Deferred income taxes			15
	Goodwill			332
	Intangibles, net			67
	Other assets			2
	Total assets of discontinued operations		$	2,446
	Current liabilities:
	Accounts payable		$	384
	Accrued liabilities			90
	Accrued income taxes			5
	Total current liabilities of discontinued operations			479
	Deferred income taxes			17
	Other liabilities			9
	Total liabilities of discontinued operations		$	505
	Other items incurred as a result of the spin-off were $2 million and $36 million for the three and nine months ended September 30, 2014 and are included in continuing operations. The following table presents selected financial information, as of May 30, 2014, regarding the results of operations of our distribution business, which is reported as discontinued operations (in millions):
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
	Revenue from discontinued operations		$	—	$	1,113	$	1,701	$	3,255
	Income from discontinued operations before income taxes			—		58		83		176
	Prior to the spin-off, sales to NOW were $231 million for the period ended May 30, 2014 and $148 million and $373 million for the three and nine months ended September 30, 2013, respectively. Prior to the spin-off, purchases from NOW were $82 million for the period ended May 30, 2014 and $38 million and $101 million for the three and nine months ended September 30, 2013. Prior to May 30, 2014, the spin-off date, revenue and related cost of revenue were eliminated in consolidation between NOV and NOW. Beginning May 31, 2014, this revenue and cost of revenue represent third-party transactions with NOW.

Inventories_net

Inventories, net	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories, net	'
	3	Inventories, net
	Inventories consist of (in millions):
			September 30,		December 31,
			2014		2013
	Raw materials and supplies		$	1,315	$	1,175
	Work in process			1,149		798
	Finished goods and purchased products			3,000		3,630
	Total		$	5,464	$	5,603

Accrued_Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Accrued Liabilities	'
	4	Accrued Liabilities
	Accrued liabilities consist of (in millions):
			September 30,			December 31,
			2014			2013
	Accrued vendor costs		$	840		$	531
	Customer prepayments and billings			765			673
	Compensation			503			516
	Warranty			267			228
	Taxes (non-income)			181			188
	Insurance			140			131
	Fair value of derivative financial instruments			140			31
	Accrued commissions			93			97
	Interest			30			11
	Other			351			357
	Total		$	3,310		$	2,763
	Service and Product Warranties
	The Company provides service and warranty policies on certain of its products. The Company accrues liabilities under service and warranty policies based upon specific claims and a review of historical warranty and service claim experience in accordance with Accounting Standards Codification (“ASC”) Topic 450 “Contingencies” (“ASC Topic 450”). Adjustments are made to accruals as claim data and historical experience change. In addition, the Company incurs discretionary costs to service its products in connection with product performance issues and accrues for them when they are encountered.
	The changes in the carrying amount of service and product warranties are as follows (in millions):
	Balance at December 31, 2013		$	228
	Net provisions for warranties issued during the year			87
	Amounts incurred			(50	)
	Currency translation adjustments and other			2
	Balance at September 30, 2014		$	267

Costs_and_Estimated_Earnings_o

Costs and Estimated Earnings on Uncompleted Contracts	9 Months Ended
	Sep. 30, 2014
Text Block [Abstract]	'
Costs and Estimated Earnings on Uncompleted Contracts	'
	5	Costs and Estimated Earnings on Uncompleted Contracts
	Costs and estimated earnings on uncompleted contracts consist of (in millions):
			September 30,			December 31,
			2014			2013
	Costs incurred on uncompleted contracts		$	10,544		$	7,608
	Estimated earnings			4,810			3,553
				15,354			11,161
	Less: Billings to date			15,548			11,393
			$	(194	)	$	(232	)
	Costs and estimated earnings in excess of billings on uncompleted contracts		$	1,615		$	1,539
	Billings in excess of costs and estimated earnings on uncompleted contracts			(1,809	)		(1,771	)
			$	(194	)	$	(232	)

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	6	Accumulated Other Comprehensive Income (Loss)
	The components of accumulated other comprehensive income (loss) are as follows (in millions):
			Currency			Derivative			Defined			Total
			Translation			Financial			Benefit
			Adjustments			Instruments,			Plans,
						Net of Tax			Net of Tax
	Balance at December 31, 2013		$	17		$	5		$	(26	)	$	(4	)
	Accumulated other comprehensive income (loss) before reclassifications			(248	)		(95	)		—			(343	)
	Amounts reclassified from accumulated other comprehensive income (loss)			—			(15	)		—			(15	)
	Balance at September 30, 2014		$	(231	)	$	(105	)	$	(26	)	$	(362	)
	The components of amounts reclassified from accumulated other comprehensive income (loss) are as follows (in millions):
			Three Months Ended September 30,
			2014												2013
			Currency			Derivative			Defined			Total			Currency			Derivative			Defined		Total
			Translation			Financial			Benefit						Translation			Financial			Benefit
			Adjustments			Instruments			Plans						Adjustments			Instruments			Plans
	Revenue		$	—		$	(4	)	$	—		$	(4	)	$	—		$	(3	)	$	—	$	(3	)
	Cost of revenue			—			6			—			6			—			7			—		7
	Other income (expense), net			—			—			—			—			—			—			—		—
	Tax effect			—			—			—			—			—			(2	)		—		(2	)
			$	—		$	2		$	—		$	2		$	—		$	2		$	—	$	2
			Nine Months Ended September 30,
			2014												2013
			Currency			Derivative			Defined			Total			Currency			Derivative			Defined		Total
			Translation			Financial			Benefit						Translation			Financial			Benefit
			Adjustments			Instruments			Plans						Adjustments			Instruments			Plans
	Revenue		$	—		$	(25	)	$	—		$	(25	)	$	—		$	(7	)	$	—	$	(7	)
	Cost of revenue			—			5			—			5			—			8			—		8
	Other income (expense), net			—			—			—			—			(25	)		—			—		(25	)
	Tax effect			—			5			—			5			—			(1	)		—		(1	)
			$	—		$	(15	)	$	—		$	(15	)	$	(25	)	$	—		$	—	$	(25	)
	The Company’s reporting currency is the U.S. dollar. A majority of the Company’s international entities in which there is a substantial investment have the local currency as their functional currency. As a result, currency translation adjustments resulting from the process of translating the entities’ financial statements into the reporting currency are reported in Other Comprehensive Income or Loss in accordance with ASC Topic 830 “Foreign Currency Matters” (“ASC Topic 830”). For the three and nine months ended September 30, 2014, a majority of these local currencies weakened against the U.S. dollar resulting in net Other Comprehensive Loss of $310 million and $248 million, respectively, upon the translation from local currencies to the U.S. dollar. For the three months ended September 30, 2013 a majority of these local currencies strengthened against the U.S. dollar. This resulted in net other comprehensive income of $154 million upon the translation from local currencies to the U.S. dollar. However, for the nine months ended September 30, 2013 a majority of these local currencies weakened against the U.S. dollar resulting in a net other comprehensive loss of $59 million upon the translation from local currencies to the U.S. dollar. Due to the sale of a foreign subsidiary during the second quarter of 2013, $25 million of currency translation gains were reclassified from accumulated other comprehensive income (loss) into other income (expense), net in the Consolidated Statements of Income.
	The effect of changes in the fair values of derivatives designated as cash flow hedges are accumulated in Other Comprehensive Income or Loss, net of tax, until the underlying transactions to which they are designed to hedge are realized. The movement in Other Comprehensive Income or Loss from period to period will be the result of the combination of changes in fair value for open derivatives and the outflow of Other Comprehensive Income or Loss related to cumulative changes in the fair value of derivatives that have settled in the current or prior periods. The accumulated effect was Other Comprehensive Loss of $99 million (net of tax of $38 million) and $110 million (net of tax of $42 million) for the three and nine months ended September 30, 2014, respectively. The accumulated effect was Other Comprehensive Income of $48 million (net of tax of $17 million) and Other Comprehensive Loss of $22 million (net of tax of $10 million) for the three and nine months ended September 30, 2013, respectively.

Business_Segments

Business Segments	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Business Segments	'
	7	Business Segments
	Effective April 1, 2014, the Company’s operations were reorganized into four reportable segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. Within the four reporting segments, the Company has aggregated two business units under Rig Systems, one business unit under Rig Aftermarket, six business units under Wellbore Technologies and six business units under Completion & Production Solutions for a total of 15 business units. The Company has aggregated each of its business units in one of the four reporting segments based on the guidelines of ASC Topic 280, “Segment Reporting” (“ASC Topic 280”).
	Rig Systems
	The Company’s Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore. The segment designs, manufactures, and sells land rigs, offshore drilling equipment packages, including installation and commissioning services, and drilling rig components that mechanize and automate the rig process and functionality.
	Equipment and technologies in Rig Systems include: substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment, including blowout preventers; power transmission systems, including drives and generators; and rig instrumentation and control systems.
	The Rig Systems segment primarily supports land and offshore drillers. Demand for Rig Systems products primarily depends on drilling contractors’ and oil and gas companies’ capital spending plans, specifically capital expenditures on rig construction and refurbishment.
	Rig Aftermarket
	The Company’s Rig Aftermarket segment provides comprehensive aftermarket products and services to support land rigs and offshore rigs, and drilling rig components manufactured by the Rig Systems segment.
	The segment provides spare parts, repair, and rentals as well as technical support, field service and first well support, field engineering, and customer training through a network of aftermarket service and repair facilities strategically located in major areas of drilling operations.
	The Rig Aftermarket segment primarily supports land and offshore drillers. Demand for Rig Aftermarket products and services primarily depends on overall levels of oilfield drilling activity, which drives demand for spare parts, service, and repair for Rig System’s large installed base of equipment; and secondarily on drilling contractors’ and oil and gas companies’ capital spending plans, specifically capital expenditures on rig refurbishment and re-certification.
	Wellbore Technologies
	The Company’s Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations, and offers services that optimize their performance, including: solids control and waste management equipment and services, drilling fluids, premium drill pipe, wired pipe, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.
	The Wellbore Technologies segment focuses on oil and gas companies and supports drilling contractors, oilfield service companies, and oilfield rental companies. Demand for Wellbore Technologies products and services primarily depends on the level of oilfield drilling activity by oil and gas companies, drilling contractors, and oilfield service companies.
	Completion & Production Solutions
	The Company’s Completion & Production Solutions segment integrates technologies for well completions and oil and gas production. The segment designs, manufactures, and sells equipment and technologies needed for hydraulic fracture stimulation, including pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowline, manifolds and wellheads; well intervention, including coiled tubing units, coiled tubing, and wireline units and tools; onshore production, including composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, including floating production systems and subsea production technologies.
	The Completion & Production Solutions segment primarily supports service companies and oil and gas companies. Demand for Completion & Production Solutions products depends on the level of oilfield completions and workover activity by oilfield service companies and drilling contractors and capital spending plans by oil and gas companies and oilfield service companies.
	Operating results by segment are as follows (in millions):
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
	Revenue:
	Rig Systems		$	2,659		$	2,061		$	7,287		$	6,053
	Rig Aftermarket			837			712			2,372			1,933
	Wellbore Technologies			1,469			1,395			4,193			3,840
	Completion & Production Solutions			1,191			1,095			3,320			3,154
	Eliminations			(569	)		(400	)		(1,441	)		(1,061	)
	Total Revenue		$	5,587		$	4,863		$	15,731		$	13,919
	Operating Profit:
	Rig Systems		$	533		$	388		$	1,485		$	1,141
	Rig Aftermarket			229			202			637			533
	Wellbore Technologies			278			306			762			672
	Completion & Production Solutions			185			175			479			438
	Unallocated expenses and eliminations			(237	)		(187	)		(663	)		(494	)
	Total Operating Profit		$	988		$	884		$	2,700		$	2,290
	Operating Profit %:
	Rig Systems			20	%		18.8	%		20.4	%		18.9	%
	Rig Aftermarket			27.4	%		28.4	%		26.9	%		27.6	%
	Wellbore Technologies			18.9	%		21.9	%		18.2	%		17.5	%
	Completion & Production Solutions			15.5	%		16	%		14.4	%		13.9	%
	Total Operating Profit %			17.7	%		18.2	%		17.2	%		16.5	%
	Sales from one segment to another generally are priced at estimated equivalent commercial selling prices; however, segments originating an external sale are credited with the full profit to the Company. Eliminations include intercompany transactions conducted between the four reporting segments that are eliminated in consolidation. Intercompany transactions within each reporting segment are eliminated within each reporting segment.
	Included in Wellbore Technologies revenue and operating profit for the three and nine months ended September 30, 2013, are $102 million in net gains resulting from a legal settlement.
	Included in operating profit are other items related to acquisitions, such as transaction costs, the amortization of backlog and inventory that was stepped up to fair value during purchase accounting, the costs of the spin-off of the Company’s distribution business and certain legal costs. Other items by segment are as follows (in millions):
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
	Other items:
	Rig Systems		$	—		$	4		$	—		$	16
	Rig Aftermarket			—			—			—			—
	Wellbore Technologies			—			2			9			39
	Completion & Production Solutions			(1	)		1			6			73
	Unallocated expenses and eliminations			2			2			36			2
	Total other items		$	1		$	9		$	51		$	130
	The Company had revenues of 8% of total revenue from one of its customers for each of the three and nine months ended September 30, 2014, and 11% for each of the three and nine months ended September 30, 2013. This customer, Samsung Heavy Industries, is a shipyard acting as a general contractor for its customers, who are drillship owners and drilling contractors. This shipyard’s customers have specified that the Company’s drilling equipment be installed on their drillships and have required the shipyard to issue contracts to the Company.

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
	8	Debt
	Debt consists of (in millions):
			September 30,		December 31,
			2014		2013
	Senior Notes, interest at 6.125% payable semiannually, principal due on August 15, 2015		$	151	$	151
	Senior Notes, interest at 1.35% payable semiannually, principal due on December 1, 2017			500		500
	Senior Notes, interest at 2.6% payable semiannually, principal due on December 1, 2022			1,396		1,396
	Senior Notes, interest at 3.95% payable semiannually, principal due on December 1, 2042			1,096		1,096
	Other			3		7
	Total debt			3,146		3,150
	Less current portion			151		1
	Long-term debt		$	2,995	$	3,149
	The Company has a $3.5 billion, five-year unsecured revolving credit facility which expires September 28, 2018. The Company also has a commercial paper program that is supported by its revolving credit facility. At September 30, 2014, the Company had no commercial paper borrowings and no borrowings against its revolving credit facility. Funds available under the Company’s revolving credit facility were $2,427 million due to $1,073 million in outstanding letters of credit issued under the facility. Interest under this multicurrency facility is based upon LIBOR, NIBOR or EURIBOR plus 0.875% subject to a ratings-based grid, or the U.S. prime rate. The credit facility contains a financial covenant regarding maximum debt to capitalization and the Company was in compliance at September 30, 2014.
	The Company also had $3,212 million of additional outstanding letters of credit at September 30, 2014, primarily in Norway, that are under various bilateral committed letter of credit facilities. Other letters of credit are issued as bid bonds, advanced payment bonds and performance bonds.
	The fair value of the Company’s debt is estimated using Level 2 inputs in the fair value hierarchy and is based on quoted prices for those or similar instruments. At September 30, 2014 and December 31, 2013, the fair value of the Company’s unsecured Senior Notes approximated $3,023 million and $2,896 million, respectively. At both September 30, 2014 and December 31, 2013, the carrying value of the Company’s unsecured Senior Notes approximated $3,143 million.

Tax

Tax	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Tax	'
	9	Tax
	The effective tax rate for the three and nine months ended September 30, 2014 was 28.8% and 30.3%, respectively, compared to 30.6% and 30.7% for the same periods in 2013. Compared to the U.S. statutory rate, the effective tax rate was positively impacted in the periods by the effect of lower tax rates on income earned in foreign jurisdictions that is considered to be indefinitely reinvested, foreign exchange losses for tax reporting in Norway, a reversal of valuation allowances, and the deduction in the U.S. for manufacturing activities. The effective tax rate was negatively impacted by foreign dividends net of foreign tax credits, and additional foreign withholding taxes.
	The difference between the effective tax rate reflected in the provision for income taxes and the U.S. federal statutory rate of 35% was as follows (in millions):
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
	Federal income tax at U.S. federal statutory rate		$	344		$	301		$	932		$	783
	Foreign income tax rate differential			(91	)		(50	)		(189	)		(172	)
	State income tax, net of federal benefit			8			5			23			17
	Nondeductible expenses			1			4			20			20
	Tax benefit of manufacturing deduction			(13	)		(4	)		(31	)		(20	)
	Foreign dividends, net of foreign tax credits			113			12			134			24
	Tax impact of foreign exchange			16			(12	)		14			27
	Tax rate change on temporary differences			—			(16	)		—			(16	)
	Change in valuation allowance			(94	)		32			(92	)		40
	Other			(1	)		(9	)		(5	)		(17	)
	Provision for income taxes		$	283		$	263		$	806		$	686
	The balance of unrecognized tax benefits at September 30, 2014 was $128 million, $55 million of which if ultimately realized, would be recorded as an income tax benefit. Included in the change in the balance of unrecognized tax benefits was an increase of $1 million associated with certain operating expenses that may not be deductible in foreign jurisdictions.
	The Company does not anticipate that its total unrecognized tax benefits will significantly change due to the settlement of audits or the expiration of statutes of limitation within 12 months of this reporting date.
	The Company is subject to taxation in the U.S., various states and foreign jurisdictions. The Company has significant operations in the United States, Canada, the United Kingdom, the Netherlands and Norway. Tax years that remain subject to examination by major tax jurisdiction vary by legal entity, but are generally open in the U.S. for tax years after 2009 and outside the U.S. for tax years after 2005.
	To the extent penalties and interest would be assessed on any underpayment of income tax, such accrued amounts have been classified as a component of income tax expense in the financial statements.

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	10	Stock-Based Compensation
	The Company has a stock-based compensation plan known as the National Oilwell Varco, Inc. Long-Term Incentive Plan (the “Plan”). The Plan provides for the granting of stock options, performance-based share awards, restricted stock, phantom shares, stock payments and stock appreciation rights. The number of shares authorized under the Plan is 39.5 million. At September 30, 2014, 11,774,456 shares remain available for future grants under the Plan, all of which are available for grants of stock options, performance-based share awards, restricted stock awards, phantom shares, stock payments and stock appreciation rights.
	On February 25, 2014, the Company granted 3,113,607 stock options with a fair value of $25.60 per share and an exercise price of $74.83 per share; 426,272 shares of restricted stock and restricted stock units with a fair value of $74.83 per share; and performance share awards to senior management employees with potential payouts varying from zero to 436,390 shares. The stock options vest over a three-year period from the grant date while the restricted stock and restricted stock units vest on the third anniversary of the date of grant. The performance share awards can be earned based on performance against established goals over a three-year performance period. The performance share awards are divided into two equal, independent parts that are subject to two separate performance metrics: 50% with a TSR (total shareholder return) goal (the “TSR Award”) and 50% with an internal ROC (return on capital) goal (the “ROC Award”).
	Performance against the TSR goal is determined by comparing the performance of the Company’s TSR with the TSR performance of the members of the OSX index for the three year performance period. Performance against the ROC goal is determined by comparing the performance of the Company’s actual ROC performance average for each of the three years of the performance period against the ROC goal set by the Company’s Compensation Committee.
	On May 14, 2014, the Company granted 18,736 restricted stock awards with a fair value of $68.89 per share. The awards were granted to non-employee members of the board of directors and vest on the first anniversary of the grant date.
	On June 2, 2014, as a result of the spin-off and pursuant to the terms of the Employee Matters Agreement and the Plan, outstanding NOV stock-based awards held by continuing NOV employees were adjusted to generally preserve the intrinsic value of the original award. Outstanding NOV stock-based awards held by employees of NOW were converted into similar NOW stock-based awards, each appropriately adjusted to generally preserve the intrinsic value of the original award. Adjustments to the awards did not have a material impact to compensation expense.
	Total stock-based compensation for all stock-based compensation arrangements under the Plan was $23 million and $75 million for the three and nine months ended September 30, 2014, respectively and $23 million and $61 million for the three and nine months ended September 30, 2013, respectively. The total income tax benefit recognized in the Consolidated Statements of Income for all stock-based compensation arrangements under the Plan was $7 million and $23 million for the three and nine months ended September 30, 2014, respectively and $7 million and $19 million for the three and nine months ended September 30, 2013, respectively.

Derivative_Financial_Instrumen

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Financial Instruments	'
	11	Derivative Financial Instruments
	ASC Topic 815, “Derivatives and Hedging” (“ASC Topic 815”) requires a company to recognize all of its derivative instruments as either assets or liabilities in the Consolidated Balance Sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.
	The Company is exposed to certain risks relating to its ongoing business operations. The primary risk managed by using derivative instruments is foreign currency exchange rate risk. Forward contracts against various foreign currencies are entered into to manage the foreign currency exchange rate risk on forecasted revenues and expenses denominated in currencies other than the functional currency of the operating unit (cash flow hedge). In addition, the Company will enter into non-designated forward contracts against various foreign currencies to manage the foreign currency exchange rate risk on recognized nonfunctional currency monetary accounts (non-designated hedge).
	The Company records all derivative financial instruments at their fair value in its Consolidated Balance Sheet. Except for certain non-designated hedges discussed below, all derivative financial instruments that the Company holds are designated as cash flow hedges and are highly effective in offsetting movements in the underlying risks. Such arrangements typically have terms between 2 and 24 months, but may have longer terms depending on the underlying cash flows being hedged, typically related to the projects in our backlog. The Company may also use interest rate contracts to mitigate its exposure to changes in interest rates on anticipated long-term debt issuances.
	At September 30, 2014, the Company has determined that the fair value of its derivative financial instruments representing assets of $36 million and liabilities of $186 million (primarily currency related derivatives) are determined using level 2 inputs (inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly for substantially the full term of the asset or liability) in the fair value hierarchy as the fair value is based on publicly available foreign exchange and interest rates at each financial reporting date. At September 30, 2014, the net fair value of the Company’s foreign currency forward contracts totaled a net liability of $150 million.
	At September 30, 2014, the Company did not have any interest rate swaps and its financial instruments do not contain any credit-risk-related or other contingent features that could cause accelerated payments when the Company’s financial instruments are in net liability positions. We do not use derivative financial instruments for trading or speculative purposes.
	Cash Flow Hedging Strategy
	To protect against the volatility of forecasted foreign currency cash flows resulting from forecasted revenues and expenses, the Company has instituted a cash flow hedging program. The Company hedges portions of its forecasted revenues and expenses denominated in nonfunctional currencies with forward contracts. When the U.S. dollar strengthens against the foreign currencies, the decrease in present value of future foreign currency revenues and expenses is offset by gains in the fair value of the forward contracts designated as hedges. Conversely, when the U.S. dollar weakens, the increase in the present value of future foreign currency cash flows is offset by losses in the fair value of the forward contracts.
	For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is subject to a particular currency risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of Other Comprehensive Income and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings (e.g., in “revenues” when the hedged transactions are cash flows associated with forecasted revenues). The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item, if any (i.e., the ineffective portion), or hedge components excluded from the assessment of effectiveness, is recognized in the Consolidated Statements of Income during the current period.
	The Company had the following outstanding foreign currency forward contracts that were entered into to hedge nonfunctional currency cash flows from forecasted revenues and expenses (in millions):
			Currency Denomination
	Foreign Currency		September 30,				December 31,
			2014				2013
	Norwegian Krone		NOK	11,430			NOK	10,503
	Euro		€	560			€	406
	U.S. Dollar		$	350			$	357
	Danish Krone		DKK	283			DKK	278
	Mexican peso		MXN	129			MXN	—
	Singapore Dollar		SGD	51			SGD	17
	British Pound Sterling		£	32			£	23
	Canadian Dollar		CAD	14			CAD	16
	Non-designated Hedging Strategy
	The Company enters into forward exchange contracts to hedge certain nonfunctional currency monetary accounts. The purpose of the Company’s foreign currency hedging activities is to protect the Company from risk that the eventual U.S. dollar equivalent cash flows from the nonfunctional currency monetary accounts will be adversely affected by changes in the exchange rates.
	For derivative instruments that are non-designated, the gain or loss on the derivative instrument subject to the hedged risk (i.e., nonfunctional currency monetary accounts) is recognized in other income (expense), net in current earnings.
	The Company had the following outstanding foreign currency forward contracts that hedge the fair value of nonfunctional currency monetary accounts (in millions):
			Currency Denomination
	Foreign Currency		September 30,				December 31,
			2014				2013
	Norwegian Krone		NOK	2,747			NOK	3,257
	Russian Ruble		RUB	1,575			RUB	2,149
	U.S. Dollar		$	1,057			$	715
	Danish Krone		DKK	438			DKK	177
	Euro		€	413			€	310
	Mexican Peso		MXN	134			MXN	—
	British Pound Sterling		£	31			£	14
	Swedish Krone		SEK	9			SEK	4
	Canadian Dollar		CAD	4			CAD	3
	Singapore Dollar		SGD	3			SGD	3
	The Company has the following gross fair values of its derivative instruments and their balance sheet classifications:
			Asset Derivatives									Liability Derivatives
					Fair Value									Fair Value
			Balance Sheet		September 30,				December 31,			Balance Sheet		September 30,				December 31,
			Location		2014				2013			Location		2014				2013
	Derivatives designated as hedging instruments under ASC Topic 815
	Foreign exchange contracts		Prepaid and other current assets		$	9			$	35		Accrued liabilities		$	97			$	18
	Foreign exchange contracts		Other Assets			6				5		Other Liabilities			45				9
	Total derivatives designated as hedging instruments under ASC Topic 815				$	15			$	40				$	142			$	27
	Derivatives not designated as hedging instruments under ASC Topic 815
	Foreign exchange contracts		Prepaid and other current assets		$	21			$	19		Accrued liabilities		$	43			$	13
	Foreign exchange contracts		Other Assets			—				—		Other Liabilities			1				—
	Total derivatives not designated as hedging instruments under ASC Topic 815				$	21			$	19				$	44			$	13
	Total derivatives				$	36			$	59				$	186			$	40
	The Effect of Derivative Instruments on the Consolidated Statements of Income
	($ in millions)
	Derivatives in ASC Topic 815 Cash Flow Hedging		Amount of Gain								Location of	Amount of Gain (Loss)								Location of	Amount of Gain (Loss)
	Relationships		(Loss) Recognized in								Gain (Loss)	Reclassified from								Gain (Loss)	Recognized in Income
			OCI on Derivative								Reclassified	Accumulated OCI into								Recognized	on Derivative
			(Effective								from	Income (Effective								in Income	(Ineffective Portion
			Portion) (a)								Accumulated	Portion)								on	and Amount Excluded
											OCI into									Derivative	from Effectiveness
											Income									(Ineffective	Testing) (b)
											(Effective									Portion and
											Portion)									Amount
														Excluded
														from
														Effectiveness
														Testing)
		Nine Months Ended									Nine Months Ended									Nine Months Ended
		September 30,									September 30,									September 30,
		2014				2013					2014				2013					2014		2013
										Revenue		25				7
Foreign exchange contracts			(132	)			(32	)		Cost of revenue		(5	)			(8	)		Other income (expense), net		26		6
Total			(132	)			(32	)				20				(1	)				26		6
Derivatives Not Designated as Hedging Instruments under ASC Topic 815		Location of Gain (Loss)		Amount of Gain (Loss)
		Recognized in Income		Recognized in Income on
		on Derivative		Derivative
				Nine Months Ended
				September 30,
				2014				2013
Foreign exchange contracts		Other income (expense), net			(25	)			13
Total					(25	)			13
(a)	The Company expects that $101 million of the Accumulated Other Comprehensive Income (Loss) will be reclassified into earnings within the next twelve months with an offset by gains from the underlying transactions resulting in no impact to earnings or cash flow.
(b)	The amount of gain (loss) recognized in income represents $1 million and nil related to the ineffective portion of the hedging relationships for the nine months ended September 30, 2014 and 2013, respectively, and $25 million and $6 million related to the amount excluded from the assessment of the hedge effectiveness for the nine months ended September 30, 2014 and 2013, respectively.

Net_Income_Attributable_to_Com

Net Income Attributable to Company Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Net Income Attributable to Company Per Share	'
	12	Net Income Attributable to Company Per Share
	The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
	Numerator:
	Income from continuing operations		$	699	$	598	$	1,855	$	1,553
	Income from discontinued operations		$	—	$	38	$	52	$	116
	Net income attributable to Company		$	699	$	636	$	1,907	$	1,669
	Denominator:
	Basic—weighted average common shares outstanding			429		426		428		426
	Dilutive effect of employee stock options and other unvested stock awards			2		2		2		2
	Diluted outstanding shares			431		428		430		428
	Per share data:
	Basic:
	Income from continuing operations		$	1.63	$	1.4	$	4.34	$	3.64
	Income from discontinued operations		$	—	$	0.09	$	0.12	$	0.28
	Net income attributable to Company		$	1.63	$	1.49	$	4.46	$	3.92
	Diluted:
	Income from continuing operations		$	1.62	$	1.4	$	4.31	$	3.62
	Income from discontinued operations		$	—	$	0.09	$	0.12	$	0.28
	Net income attributable to Company		$	1.62	$	1.49	$	4.43	$	3.9
	Cash dividends per share		$	0.46	$	0.26	$	1.18	$	0.65
	ASC Topic 260, “Earnings Per Share” (“ASC Topic 260”) requires companies with unvested participating securities to utilize a two-class method for the computation of Net income attributable to Company per share. The two-class method requires a portion of Net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net income attributable to Company allocated to these participating securities was immaterial for three and nine months ended September 30, 2014 and therefore not excluded from Net income attributable to Company per share calculation.
	In addition, the Company had stock options outstanding that were anti-dilutive totaling 6 million and 8 million shares for three and nine months ended September 30, 2014, and 7 million shares for each of the three and nine months ended September 30, 2013, respectively.

Cash_Dividends

Cash Dividends	9 Months Ended
	Sep. 30, 2014
Text Block [Abstract]	'
Cash Dividends	'
	13	Cash Dividends
	On August 13, 2014, the Company’s Board of Directors approved a cash dividend of $0.46 per share. The cash dividend was paid on September 26, 2014, to each stockholder of record on September 12, 2014. Cash dividends aggregated $198 million and $507 million for the three and nine months ended September 30, 2014, and $111 million and $278 million for the three and nine months ended September 30, 2013, respectively. The declaration and payment of future dividends is at the discretion of the Company’s Board of Directors and will be dependent upon the Company’s results of operations, financial condition, capital requirements and other factors deemed relevant by the Company’s Board of Directors.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	14	Commitments and Contingencies
	We have received federal grand jury subpoenas and subsequent inquiries from governmental agencies requesting records related to our compliance with export trade laws and regulations. We have cooperated fully with agents from the U.S. Department of Justice (“DOJ”), the Department of Commerce Bureau of Industry and Security (“BIS”), the United States Department of Treasury, Office of Foreign Assets Control (“OFAC”), and U.S. Immigration and Customs Enforcement in responding to the inquiries. We have also cooperated with an informal inquiry from the Securities and Exchange Commission in connection with the inquiries previously made by the aforementioned federal agencies. We have conducted our own internal review of this matter. At the conclusion of our internal review in the fourth quarter of 2009, we identified possible areas of concern and discussed these areas of concern with the relevant agencies. We are currently negotiating a potential resolution with the agencies involved related to these matters. We currently anticipate that any administrative fine or penalty agreed to as part of a resolution would be within established accruals, and would not have a material effect on our financial position or results of operations. To the extent a resolution is not negotiated, we cannot predict the timing or effect that any resulting government actions may have on our financial position or results of operations.
	On February 20, 2013, the Company acquired Robbins & Myers, Inc. (“R&M”). R&M was subject to an ongoing investigation by the DOJ and the BIS regarding potential export controls violations arising from certain shipments by R&M’s Belgian (“RMB”) subsidiary. The alleged violations involved less than $75,000 in goods in 2005 and 2006. The settlement was negotiated by R&M before NOV’s acquisition of R&M. During the third quarter of 2014, the parties executed a Non-Prosecution Agreement (“NPA”) to memorialize the previously negotiated settlement. Accordingly, in the third quarter of 2014, R&M paid a fine of $1,033,000 to the DOJ and $600,000 to BIS, and RMB pleaded guilty to criminal violations of U.S. trade restrictions. RMB entered into a Plea Agreement and was sentenced to five years probation. Under the NPA, R&M, for two years unless otherwise changed pursuant to the NPA must implement a specified compliance program and periodically certify compliance with U.S. Trade Sanction Laws.
	In addition, we are involved in various other claims, regulatory agency audits and pending or threatened legal actions involving a variety of matters. As of September 30, 2014, the Company recorded an immaterial amount for contingent liabilities representing all contingencies believed to be probable. The Company has also assessed the potential for additional losses above the amounts accrued as well as potential losses for matters that are not probable but are reasonably possible. The total potential loss on these matters cannot be determined; however, in our opinion, any ultimate liability, to the extent not otherwise provided for and except for the specific cases referred to above, will not materially affect our financial position, cash flow or results of operations. As it relates to the specific cases referred to above we currently anticipate that any administrative fine or penalty agreed to as part of a resolution would be within established accruals, and would not have a material effect on our financial position or results of operations. To the extent a resolution is not negotiated as anticipated, we cannot predict the timing or effect that any resulting government actions may have on our financial position, cash flow or results of operations. These estimated liabilities are based on the Company’s assessment of the nature of these matters, their progress toward resolution, the advice of legal counsel and outside experts as well as management’s intention and experience.
	Our business is affected both directly and indirectly by governmental laws and regulations relating to the oilfield service industry in general, as well as by environmental and safety regulations that specifically apply to our business. Although we have not incurred material costs in connection with our compliance with such laws, there can be no assurance that other developments, such as new environmental laws, regulations and enforcement policies hereunder may not result in additional, presently unquantifiable, costs or liabilities to us.

Share_Repurchase_Program

Share Repurchase Program	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Share Repurchase Program	'
	15	Share Repurchase Program
	On September 30, 2014, the Company announced that its Board of Directors authorized a share repurchase program to purchase up to $3 billion of the Company’s outstanding common stock. The Company may repurchase its shares on the open market at prevailing market prices. The timing and actual number of shares repurchased will depend on a variety of factors including market conditions and regulatory considerations. The duration of the share repurchase program is 36 months, although it may be increased, extended, suspended or discontinued without prior notice. The Company intends to fund the repurchases using its available U.S. cash balances, which may involve the repatriation of foreign earnings not indefinitely reinvested. However, depending on U.S. cash balances, the Company may choose to borrow against its revolving credit facility, its commercial paper program or new debt issuances to finance the repurchases. At September 30, 2014, the Company repurchased no shares under the program.

Recently_Issued_Accounting_Sta

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Recently Issued Accounting Standards	'
	16	Recently Issued Accounting Standards
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update No. 2014-08 “Reporting Discontinued Operations and Disclosures of Disposals of Components of and Entity” (ASU No. 2014-08), which is an update for Accounting Standards Codification Topic No. 205 “Presentation of Financial Statements” and Topic No. 360 “Property, Plant and Equipment’. This update changes the requirements of reporting discontinued operations. Under the amended guidance, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The amendments in this update are effective for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Although early adoption is permitted, the Company did not elect to apply the guidance of ASU No. 2014-08 to the spin-off of NOW. The adoption of this update concerns presentation and disclosure only as it relates to our consolidated financial statements. The Company is currently assessing the impact of ASU No. 2014-08 on its consolidated financial position and results of operations.
	In May 2014, the FASB issued Accounting Standard Update No. 2014-09 “Revenue from Contracts with Customers” (ASU No. 2014-09), which supersedes the revenue recognition requirements in Accounting Standard Codification Topic No. 605 “Revenue Recognition” and most industry-specific guidance. This update requires that entities recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. ASU No. 2014-09 is effective for fiscal years beginning after December 15, 2016, and for interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of ASU No. 2014-09 on its consolidated financial position and results of operations.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The carrying amounts of cash and cash equivalents, receivables, and payables approximated fair value because of the relatively short maturity of these instruments. Cash equivalents include only those investments having a maturity date of three months or less at the time of purchase. See Note 8 for the fair value of long-term debt and Note 11 for the fair value of derivative financial instruments.
Service and Product Warranties	'
	Service and Product Warranties
	The Company provides service and warranty policies on certain of its products. The Company accrues liabilities under service and warranty policies based upon specific claims and a review of historical warranty and service claim experience in accordance with Accounting Standards Codification (“ASC”) Topic 450 “Contingencies” (“ASC Topic 450”). Adjustments are made to accruals as claim data and historical experience change. In addition, the Company incurs discretionary costs to service its products in connection with product performance issues and accrues for them when they are encountered.
	The changes in the carrying amount of service and product warranties are as follows (in millions):
	Balance at December 31, 2013	$	228
	Net provisions for warranties issued during the year		87
	Amounts incurred		(50	)
	Currency translation adjustments and other		2
	Balance at September 30, 2014	$	267
Derivatives and Hedging	'
	ASC Topic 815, “Derivatives and Hedging” (“ASC Topic 815”) requires a company to recognize all of its derivative instruments as either assets or liabilities in the Consolidated Balance Sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.
	The Company is exposed to certain risks relating to its ongoing business operations. The primary risk managed by using derivative instruments is foreign currency exchange rate risk. Forward contracts against various foreign currencies are entered into to manage the foreign currency exchange rate risk on forecasted revenues and expenses denominated in currencies other than the functional currency of the operating unit (cash flow hedge). In addition, the Company will enter into non-designated forward contracts against various foreign currencies to manage the foreign currency exchange rate risk on recognized nonfunctional currency monetary accounts (non-designated hedge).
	The Company records all derivative financial instruments at their fair value in its Consolidated Balance Sheet. Except for certain non-designated hedges discussed below, all derivative financial instruments that the Company holds are designated as cash flow hedges and are highly effective in offsetting movements in the underlying risks. Such arrangements typically have terms between 2 and 24 months, but may have longer terms depending on the underlying cash flows being hedged, typically related to the projects in our backlog. The Company may also use interest rate contracts to mitigate its exposure to changes in interest rates on anticipated long-term debt issuances.
	At September 30, 2014, the Company has determined that the fair value of its derivative financial instruments representing assets of $36 million and liabilities of $186 million (primarily currency related derivatives) are determined using level 2 inputs (inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly for substantially the full term of the asset or liability) in the fair value hierarchy as the fair value is based on publicly available foreign exchange and interest rates at each financial reporting date. At September 30, 2014, the net fair value of the Company’s foreign currency forward contracts totaled a net liability of $150 million.
	At September 30, 2014, the Company did not have any interest rate swaps and its financial instruments do not contain any credit-risk-related or other contingent features that could cause accelerated payments when the Company’s financial instruments are in net liability positions. We do not use derivative financial instruments for trading or speculative purposes.
	Cash Flow Hedging Strategy
	To protect against the volatility of forecasted foreign currency cash flows resulting from forecasted revenues and expenses, the Company has instituted a cash flow hedging program. The Company hedges portions of its forecasted revenues and expenses denominated in nonfunctional currencies with forward contracts. When the U.S. dollar strengthens against the foreign currencies, the decrease in present value of future foreign currency revenues and expenses is offset by gains in the fair value of the forward contracts designated as hedges. Conversely, when the U.S. dollar weakens, the increase in the present value of future foreign currency cash flows is offset by losses in the fair value of the forward contracts.
	For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is subject to a particular currency risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of Other Comprehensive Income and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings (e.g., in “revenues” when the hedged transactions are cash flows associated with forecasted revenues). The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item, if any (i.e., the ineffective portion), or hedge components excluded from the assessment of effectiveness, is recognized in the Consolidated Statements of Income during the current period.
Net Income Attributable to Company Per Share	'
	The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014			2013		2014		2013
	Numerator:
	Income from continuing operations	$	699		$	598	$	1,855	$	1,553
	Income from discontinued operations	$	—		$	38	$	52	$	116
	Net income attributable to Company	$	699		$	636	$	1,907	$	1,669
	Denominator:
	Basic—weighted average common shares outstanding		429			426		428		426
	Dilutive effect of employee stock options and other unvested stock awards		2			2		2		2
	Diluted outstanding shares		431			428		430		428
	Per share data:
	Basic:
	Income from continuing operations	$	1.63		$	1.4	$	4.34	$	3.64
	Income from discontinued operations	$	—		$	0.09	$	0.12	$	0.28
	Net income attributable to Company	$	1.63		$	1.49	$	4.46	$	3.92
	Diluted:
	Income from continuing operations	$	1.62		$	1.4	$	4.31	$	3.62
	Income from discontinued operations	$	—		$	0.09	$	0.12	$	0.28
	Net income attributable to Company	$	1.62		$	1.49	$	4.43	$	3.9
	Cash dividends per share	$	0.46		$	0.26	$	1.18	$	0.65
	ASC Topic 260, “Earnings Per Share” (“ASC Topic 260”) requires companies with unvested participating securities to utilize a two-class method for the computation of Net income attributable to Company per share. The two-class method requires a portion of Net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net income attributable to Company allocated to these participating securities was immaterial for three and nine months ended September 30, 2014 and therefore not excluded from Net income attributable to Company per share calculation.
	In addition, the Company had stock options outstanding that were anti-dilutive totaling 6 million and 8 million shares for three and nine months ended September 30, 2014, and 7 million shares for each of the three and nine months ended September 30, 2013, respectively.
Recently Issued Accounting Standards	'
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update No. 2014-08 “Reporting Discontinued Operations and Disclosures of Disposals of Components of and Entity” (ASU No. 2014-08), which is an update for Accounting Standards Codification Topic No. 205 “Presentation of Financial Statements” and Topic No. 360 “Property, Plant and Equipment’. This update changes the requirements of reporting discontinued operations. Under the amended guidance, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The amendments in this update are effective for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Although early adoption is permitted, the Company did not elect to apply the guidance of ASU No. 2014-08 to the spin-off of NOW. The adoption of this update concerns presentation and disclosure only as it relates to our consolidated financial statements. The Company is currently assessing the impact of ASU No. 2014-08 on its consolidated financial position and results of operations.

Spinoff_of_Distribution_Busine1

Spin-off of Distribution Business (Tables)	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of Assets and Liabilities Preceding Spin-off	'
	The following table presents the carrying value of assets and liabilities of NOW, immediately preceding the spin-off, which are excluded from our consolidated balance sheet at September, 30, 2014 as a result of the spin-off on May 30, 2014 (in millions):
	Current assets:
	Cash and cash equivalents	$	253
	Receivables, net		753
	Inventories, net		844
	Deferred income taxes		30
	Prepaid and other current assets		35
	Total current assets of discontinued operations		1,915
	Property, plant and equipment, net		115
	Deferred income taxes		15
	Goodwill		332
	Intangibles, net		67
	Other assets		2
	Total assets of discontinued operations	$	2,446
	Current liabilities:
	Accounts payable	$	384
	Accrued liabilities		90
	Accrued income taxes		5
	Total current liabilities of discontinued operations		479
	Deferred income taxes		17
	Other liabilities		9
	Total liabilities of discontinued operations	$	505
Schedule of Selected Financial Information Reported as Discontinued Operations	'
	The following table presents selected financial information, as of May 30, 2014, regarding the results of operations of our distribution business, which is reported as discontinued operations (in millions):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Revenue from discontinued operations	$	—	$	1,113	$	1,701	$	3,255
	Income from discontinued operations before income taxes		—		58		83		176

Inventories_net_Tables

Inventories, net (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories consist of (in millions):
		September 30,		December 31,
		2014		2013
	Raw materials and supplies	$	1,315	$	1,175
	Work in process		1,149		798
	Finished goods and purchased products		3,000		3,630
	Total	$	5,464	$	5,603

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Accrued Liabilities	'
	Accrued liabilities consist of (in millions):
		September 30,			December 31,
		2014			2013
	Accrued vendor costs	$	840		$	531
	Customer prepayments and billings		765			673
	Compensation		503			516
	Warranty		267			228
	Taxes (non-income)		181			188
	Insurance		140			131
	Fair value of derivative financial instruments		140			31
	Accrued commissions		93			97
	Interest		30			11
	Other		351			357
	Total	$	3,310		$	2,763
Changes in Carrying Amount of Service and Product Warranties	'
	The changes in the carrying amount of service and product warranties are as follows (in millions):
	Balance at December 31, 2013	$	228
	Net provisions for warranties issued during the year		87
	Amounts incurred		(50	)
	Currency translation adjustments and other		2
	Balance at September 30, 2014	$	267

Costs_and_Estimated_Earnings_o1

Costs and Estimated Earnings on Uncompleted Contracts (Tables)	9 Months Ended
	Sep. 30, 2014
Text Block [Abstract]	'
Costs and Estimated Earnings on Uncompleted Contracts	'
	Costs and estimated earnings on uncompleted contracts consist of (in millions):
		September 30,			December 31,
		2014			2013
	Costs incurred on uncompleted contracts	$	10,544		$	7,608
	Estimated earnings		4,810			3,553
			15,354			11,161
	Less: Billings to date		15,548			11,393
		$	(194	)	$	(232	)
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	1,615		$	1,539
	Billings in excess of costs and estimated earnings on uncompleted contracts		(1,809	)		(1,771	)
		$	(194	)	$	(232	)

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Components of Accumulated Other Comprehensive Income (Loss)	'
	The components of accumulated other comprehensive income (loss) are as follows (in millions):
		Currency			Derivative			Defined			Total
		Translation			Financial			Benefit
		Adjustments			Instruments,			Plans,
					Net of Tax			Net of Tax
	Balance at December 31, 2013	$	17		$	5		$	(26	)	$	(4	)
	Accumulated other comprehensive income (loss) before reclassifications		(248	)		(95	)		—			(343	)
	Amounts reclassified from accumulated other comprehensive income (loss)		—			(15	)		—			(15	)
	Balance at September 30, 2014	$	(231	)	$	(105	)	$	(26	)	$	(362	)
Components of Amounts Reclassified from Accumulated Other Comprehensive Income Loss	'
	The components of amounts reclassified from accumulated other comprehensive income (loss) are as follows (in millions):
		Three Months Ended September 30,
		2014												2013
		Currency			Derivative			Defined			Total			Currency			Derivative			Defined		Total
		Translation			Financial			Benefit						Translation			Financial			Benefit
		Adjustments			Instruments			Plans						Adjustments			Instruments			Plans
	Revenue	$	—		$	(4	)	$	—		$	(4	)	$	—		$	(3	)	$	—	$	(3	)
	Cost of revenue		—			6			—			6			—			7			—		7
	Other income (expense), net		—			—			—			—			—			—			—		—
	Tax effect		—			—			—			—			—			(2	)		—		(2	)
		$	—		$	2		$	—		$	2		$	—		$	2		$	—	$	2
		Nine Months Ended September 30,
		2014												2013
		Currency			Derivative			Defined			Total			Currency			Derivative			Defined		Total
		Translation			Financial			Benefit						Translation			Financial			Benefit
		Adjustments			Instruments			Plans						Adjustments			Instruments			Plans
	Revenue	$	—		$	(25	)	$	—		$	(25	)	$	—		$	(7	)	$	—	$	(7	)
	Cost of revenue		—			5			—			5			—			8			—		8
	Other income (expense), net		—			—			—			—			(25	)		—			—		(25	)
	Tax effect		—			5			—			5			—			(1	)		—		(1	)
		$	—		$	(15	)	$	—		$	(15	)	$	(25	)	$	—		$	—	$	(25	)

Business_Segments_Tables

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Business Segments	'
	Operating results by segment are as follows (in millions):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Revenue:
	Rig Systems	$	2,659		$	2,061		$	7,287		$	6,053
	Rig Aftermarket		837			712			2,372			1,933
	Wellbore Technologies		1,469			1,395			4,193			3,840
	Completion & Production Solutions		1,191			1,095			3,320			3,154
	Eliminations		(569	)		(400	)		(1,441	)		(1,061	)
	Total Revenue	$	5,587		$	4,863		$	15,731		$	13,919
	Operating Profit:
	Rig Systems	$	533		$	388		$	1,485		$	1,141
	Rig Aftermarket		229			202			637			533
	Wellbore Technologies		278			306			762			672
	Completion & Production Solutions		185			175			479			438
	Unallocated expenses and eliminations		(237	)		(187	)		(663	)		(494	)
	Total Operating Profit	$	988		$	884		$	2,700		$	2,290
	Operating Profit %:
	Rig Systems		20	%		18.8	%		20.4	%		18.9	%
	Rig Aftermarket		27.4	%		28.4	%		26.9	%		27.6	%
	Wellbore Technologies		18.9	%		21.9	%		18.2	%		17.5	%
	Completion & Production Solutions		15.5	%		16	%		14.4	%		13.9	%
	Total Operating Profit %		17.7	%		18.2	%		17.2	%		16.5	%
Other Items by Segment	'
	Other items by segment are as follows (in millions):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Other items:
	Rig Systems	$	—		$	4		$	—		$	16
	Rig Aftermarket		—			—			—			—
	Wellbore Technologies		—			2			9			39
	Completion & Production Solutions		(1	)		1			6			73
	Unallocated expenses and eliminations		2			2			36			2
	Total other items	$	1		$	9		$	51		$	130

Debt_Tables

Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Debt consists of (in millions):
		September 30,		December 31,
		2014		2013
	Senior Notes, interest at 6.125% payable semiannually, principal due on August 15, 2015	$	151	$	151
	Senior Notes, interest at 1.35% payable semiannually, principal due on December 1, 2017		500		500
	Senior Notes, interest at 2.6% payable semiannually, principal due on December 1, 2022		1,396		1,396
	Senior Notes, interest at 3.95% payable semiannually, principal due on December 1, 2042		1,096		1,096
	Other		3		7
	Total debt		3,146		3,150
	Less current portion		151		1
	Long-term debt	$	2,995	$	3,149

Tax_Tables

Tax (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Difference Between Effective Tax Rate	'
	The difference between the effective tax rate reflected in the provision for income taxes and the U.S. federal statutory rate of 35% was as follows (in millions):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Federal income tax at U.S. federal statutory rate	$	344		$	301		$	932		$	783
	Foreign income tax rate differential		(91	)		(50	)		(189	)		(172	)
	State income tax, net of federal benefit		8			5			23			17
	Nondeductible expenses		1			4			20			20
	Tax benefit of manufacturing deduction		(13	)		(4	)		(31	)		(20	)
	Foreign dividends, net of foreign tax credits		113			12			134			24
	Tax impact of foreign exchange		16			(12	)		14			27
	Tax rate change on temporary differences		—			(16	)		—			(16	)
	Change in valuation allowance		(94	)		32			(92	)		40
	Other		(1	)		(9	)		(5	)		(17	)
	Provision for income taxes	$	283		$	263		$	806		$	686

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Outstanding Foreign Currency Forward Contracts	'
	The Company had the following outstanding foreign currency forward contracts that were entered into to hedge nonfunctional currency cash flows from forecasted revenues and expenses (in millions):
			Currency Denomination
	Foreign Currency		September 30,				December 31,
			2014				2013
	Norwegian Krone		NOK	11,430			NOK	10,503
	Euro		€	560			€	406
	U.S. Dollar		$	350			$	357
	Danish Krone		DKK	283			DKK	278
	Mexican peso		MXN	129			MXN	—
	Singapore Dollar		SGD	51			SGD	17
	British Pound Sterling		£	32			£	23
	Canadian Dollar		CAD	14			CAD	16
	The Company had the following outstanding foreign currency forward contracts that hedge the fair value of nonfunctional currency monetary accounts (in millions):
			Currency Denomination
	Foreign Currency		September 30,				December 31,
			2014				2013
	Norwegian Krone		NOK	2,747			NOK	3,257
	Russian Ruble		RUB	1,575			RUB	2,149
	U.S. Dollar		$	1,057			$	715
	Danish Krone		DKK	438			DKK	177
	Euro		€	413			€	310
	Mexican Peso		MXN	134			MXN	—
	British Pound Sterling		£	31			£	14
	Swedish Krone		SEK	9			SEK	4
	Canadian Dollar		CAD	4			CAD	3
	Singapore Dollar		SGD	3			SGD	3
Derivative Instruments and their Balance Sheet Classifications	'
	The Company has the following gross fair values of its derivative instruments and their balance sheet classifications:
			Asset Derivatives									Liability Derivatives
					Fair Value									Fair Value
			Balance Sheet		September 30,				December 31,			Balance Sheet		September 30,				December 31,
			Location		2014				2013			Location		2014				2013
	Derivatives designated as hedging instruments under ASC Topic 815
	Foreign exchange contracts		Prepaid and other current assets		$	9			$	35		Accrued liabilities		$	97			$	18
	Foreign exchange contracts		Other Assets			6				5		Other Liabilities			45				9
	Total derivatives designated as hedging instruments under ASC Topic 815				$	15			$	40				$	142			$	27
	Derivatives not designated as hedging instruments under ASC Topic 815
	Foreign exchange contracts		Prepaid and other current assets		$	21			$	19		Accrued liabilities		$	43			$	13
	Foreign exchange contracts		Other Assets			—				—		Other Liabilities			1				—
	Total derivatives not designated as hedging instruments under ASC Topic 815				$	21			$	19				$	44			$	13
	Total derivatives				$	36			$	59				$	186			$	40
Effect of Derivative Instruments on Consolidated Statements of Income	'
	The Effect of Derivative Instruments on the Consolidated Statements of Income
	($ in millions)
	Derivatives in ASC Topic 815 Cash Flow Hedging		Amount of Gain								Location of	Amount of Gain (Loss)								Location of	Amount of Gain (Loss)
	Relationships		(Loss) Recognized in								Gain (Loss)	Reclassified from								Gain (Loss)	Recognized in Income
			OCI on Derivative								Reclassified	Accumulated OCI into								Recognized	on Derivative
			(Effective								from	Income (Effective								in Income	(Ineffective Portion
			Portion) (a)								Accumulated	Portion)								on	and Amount Excluded
											OCI into									Derivative	from Effectiveness
											Income									(Ineffective	Testing) (b)
											(Effective									Portion and
											Portion)									Amount
																				Excluded
																				from
																				Effectiveness
																				Testing)
			Nine Months Ended									Nine Months Ended									Nine Months Ended
			September 30,									September 30,									September 30,
			2014				2013					2014				2013					2014		2013
											Revenue		25				7
	Foreign exchange contracts			(132	)			(32	)		Cost of revenue		(5	)			(8	)		Other income (expense), net		26		6
	Total			(132	)			(32	)				20				(1	)				26		6
	Derivatives Not Designated as Hedging Instruments under ASC Topic 815		Location of Gain (Loss)		Amount of Gain (Loss)
			Recognized in Income		Recognized in Income on
			on Derivative		Derivative
					Nine Months Ended
					September 30,
					2014				2013
	Foreign exchange contracts		Other income (expense), net			(25	)			13
	Total					(25	)			13
	(a)	The Company expects that $101 million of the Accumulated Other Comprehensive Income (Loss) will be reclassified into earnings within the next twelve months with an offset by gains from the underlying transactions resulting in no impact to earnings or cash flow.
	(b)	The amount of gain (loss) recognized in income represents $1 million and nil related to the ineffective portion of the hedging relationships for the nine months ended September 30, 2014 and 2013, respectively, and $25 million and $6 million related to the amount excluded from the assessment of the hedge effectiveness for the nine months ended September 30, 2014 and 2013, respectively.

Net_Income_Attributable_to_Com1

Net Income Attributable to Company Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Computation of Weighted Average Basic and Diluted Shares Outstanding	'
	The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Numerator:
	Income from continuing operations	$	699	$	598	$	1,855	$	1,553
	Income from discontinued operations	$	—	$	38	$	52	$	116
	Net income attributable to Company	$	699	$	636	$	1,907	$	1,669
	Denominator:
	Basic—weighted average common shares outstanding		429		426		428		426
	Dilutive effect of employee stock options and other unvested stock awards		2		2		2		2
	Diluted outstanding shares		431		428		430		428
	Per share data:
	Basic:
	Income from continuing operations	$	1.63	$	1.4	$	4.34	$	3.64
	Income from discontinued operations	$	—	$	0.09	$	0.12	$	0.28
	Net income attributable to Company	$	1.63	$	1.49	$	4.46	$	3.92
	Diluted:
	Income from continuing operations	$	1.62	$	1.4	$	4.31	$	3.62
	Income from discontinued operations	$	—	$	0.09	$	0.12	$	0.28
	Net income attributable to Company	$	1.62	$	1.49	$	4.43	$	3.9
	Cash dividends per share	$	0.46	$	0.26	$	1.18	$	0.65

Spinoff_of_Distribution_Busine2

Spin-off of Distribution Business - Additional Information (Detail) (Now Inc [Member], USD $)	0 Months Ended		3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	30-May-14	22-May-14	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Now Inc [Member]	'	'	'	'	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'	'
Ratio of common stock sharing	'	4	'	'	'	'
Other costs	'	'	$2	'	$36	'
Sales prior to the spin-off	231	'	'	148	'	373
Purchases prior to the spin-off	$82	'	'	$38	'	$101

Spinoff_of_Distribution_Busine3

Spin-off of Distribution Business - Schedule of Assets and Liabilities Preceding Spin-off (Detail) (Now Inc [Member], USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Now Inc [Member]	'
Current assets:	'
Cash and cash equivalents	$253
Receivables, net	753
Inventories, net	844
Deferred income taxes	30
Prepaid and other current assets	35
Total current assets of discontinued operations	1,915
Property, plant and equipment, net	115
Deferred income taxes	15
Goodwill	332
Intangibles, net	67
Other assets	2
Total assets of discontinued operations	2,446
Current liabilities:	'
Accounts payable	384
Accrued liabilities	90
Accrued income taxes	5
Total current liabilities of discontinued operations	479
Deferred income taxes	17
Other liabilities	9
Total liabilities of discontinued operations	$505

Spinoff_of_Distribution_Busine4

Spin-off of Distribution Business - Schedule of Selected Financial Information Reported as Discontinued Operations (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reorganizations [Abstract]	'	'	'	'
Revenue from discontinued operations	'	$1,113	$1,701	$3,255
Income from discontinued operations before income taxes	'	$58	$83	$176

Inventories_net_Inventories_De

Inventories, net - Inventories (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Raw materials and supplies	$1,315	$1,175
Work in process	1,149	798
Finished goods and purchased products	3,000	3,630
Total	$5,464	$5,603

Accrued_Liabilities_Accrued_Li

Accrued Liabilities - Accrued Liabilities (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Payables and Accruals [Abstract]	'	'
Accrued vendor costs	$840	$531
Customer prepayments and billings	765	673
Compensation	503	516
Warranty	267	228
Taxes (non-income)	181	188
Insurance	140	131
Fair value of derivative financial instruments	140	31
Accrued commissions	93	97
Interest	30	11
Other	351	357
Total	$3,310	$2,763

Accrued_Liabilities_Changes_in

Accrued Liabilities - Changes in Carrying Amount of Service and Product Warranties (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Product Warranties Disclosures [Abstract]	'
Beginning Balance	$228
Net provisions for warranties issued during the year	87
Amounts incurred	-50
Currency translation adjustments and other	2
Ending Balance	$267

Costs_and_Estimated_Earnings_o2

Costs and Estimated Earnings on Uncompleted Contracts - Costs and Estimated Earnings on Uncompleted Contracts (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Contractors [Abstract]	'	'
Costs incurred on uncompleted contracts	$10,544	$7,608
Estimated earnings	4,810	3,553
Costs and estimated earnings on uncompleted contracts, Gross	15,354	11,161
Less: Billings to date	15,548	11,393
Total net estimate billing on uncompleted contracts	-194	-232
Costs and estimated earnings in excess of billings on uncompleted contracts	1,615	1,539
Billings in excess of costs and estimated earnings on uncompleted contracts	-1,809	-1,771
Total net estimate billing on uncompleted contracts	($194)	($232)

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Accumulated other comprehensive income (loss), Beginning balance	($4)
Accumulated other comprehensive income (loss) before reclassifications	-343
Amounts reclassified from accumulated other comprehensive income (loss)	-15
Accumulated other comprehensive income (loss), Ending balance	-362
Currency Translation Adjustments [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Accumulated other comprehensive income (loss), Beginning balance	17
Accumulated other comprehensive income (loss) before reclassifications	-248
Amounts reclassified from accumulated other comprehensive income (loss)	'
Accumulated other comprehensive income (loss), Ending balance	-231
Derivative Financial Instruments, Net of Tax [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Accumulated other comprehensive income (loss), Beginning balance	5
Accumulated other comprehensive income (loss) before reclassifications	-95
Amounts reclassified from accumulated other comprehensive income (loss)	-15
Accumulated other comprehensive income (loss), Ending balance	-105
Defined Benefit Plans, Net of Tax [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
Accumulated other comprehensive income (loss), Beginning balance	-26
Accumulated other comprehensive income (loss) before reclassifications	'
Amounts reclassified from accumulated other comprehensive income (loss)	'
Accumulated other comprehensive income (loss), Ending balance	($26)

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income (Loss) - Components of Amounts Reclassified from Accumulated Other Comprehensive Income Loss (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Currency Translation Adjustments	'	'	'	($25)
Derivative Financial Instruments	2	2	-15	'
Defined Benefit Plans	'	'	'	'
Total	2	2	-15	-25
Revenue [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Derivative Financial Instruments	-4	-3	-25	-7
Defined Benefit Plans	'	'	'	'
Total	-4	-3	-25	-7
Cost of revenue [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Derivative Financial Instruments	6	7	5	8
Defined Benefit Plans	'	'	'	'
Total	6	7	5	8
Other income (expense), net [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Currency Translation Adjustments	'	'	'	-25
Defined Benefit Plans	'	'	'	'
Total	'	'	'	-25
Tax effect [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Derivative Financial Instruments	'	-2	5	-1
Defined Benefit Plans	'	'	'	'
Total	'	($2)	$5	($1)

Accumulated_Other_Comprehensiv4

Accumulated Other Comprehensive Income (Loss) - Additional Information (Detail) (USD $)	3 Months Ended			9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'	'
Net increase to other comprehensive income or loss upon the translation	($310)	$154	'	($248)	($84)
Currency translation gains reclassified from accumulated other comprehensive income (loss)	'	'	25	'	'
Changes in derivative financial instruments, net of tax	-99	48	'	-110	-22
Changes in derivative financial instruments, tax	($38)	$17	'	($42)	($10)

Business_Segments_Additional_I

Business Segments - Additional Information (Detail) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Apr. 01, 2014

Apr. 01, 2014

Apr. 01, 2014

Apr. 01, 2014

Sep. 30, 2013

Sep. 30, 2013

Apr. 01, 2014

Apr. 01, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Segment

Business

Rig Systems [Member]

Rig Aftermarket [Member]

Wellbore Technologies [Member]

Wellbore Technologies [Member]

Wellbore Technologies [Member]

Completion & Production Solutions [Member]

Revenue [Member]

Revenue [Member]

Revenue [Member]

Revenue [Member]

Business

Business

Business

Business

Business

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Number of reportable segments

4

'

'

'

'

'

'

'

'

'

'

'

Number of business units

'

15

2

1

'

'

6

6

'

'

'

'

Net gains from legal settlement

'

'

'

'

$102

$102

'

'

'

'

'

'

Revenue from shipyard customer

'

'

'

'

'

'

'

'

8.00%

11.00%

8.00%

11.00%

Business_Segments_Business_Seg

Business Segments - Business Segments (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	$5,587	$4,863	$15,731	$13,919
Total Operating Profit	988	884	2,700	2,290
Percentage as of operating profit to revenue	17.70%	18.20%	17.20%	16.50%
Operating Segments [Member] | Rig Systems [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	2,659	2,061	7,287	6,053
Total Operating Profit	533	388	1,485	1,141
Percentage as of operating profit to revenue	20.00%	18.80%	20.40%	18.90%
Operating Segments [Member] | Rig Aftermarket [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	837	712	2,372	1,933
Total Operating Profit	229	202	637	533
Percentage as of operating profit to revenue	27.40%	28.40%	26.90%	27.60%
Operating Segments [Member] | Wellbore Technologies [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	1,469	1,395	4,193	3,840
Total Operating Profit	278	306	762	672
Percentage as of operating profit to revenue	18.90%	21.90%	18.20%	17.50%
Operating Segments [Member] | Completion & Production Solutions [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	1,191	1,095	3,320	3,154
Total Operating Profit	185	175	479	438
Percentage as of operating profit to revenue	15.50%	16.00%	14.40%	13.90%
Unallocated/Eliminations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	-569	-400	-1,441	-1,061
Total Operating Profit	($237)	($187)	($663)	($494)

Business_Segments_Other_Items_

Business Segments - Other Items by Segment (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Total other items	$1	$9	$51	$130
Operating Segments [Member] | Rig Systems [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total other items	'	4	'	16
Operating Segments [Member] | Wellbore Technologies [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total other items	'	2	9	39
Operating Segments [Member] | Completion & Production Solutions [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total other items	-1	1	6	73
Unallocated/Eliminations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Total other items	$2	$2	$36	$2

Debt_Debt_Detail

Debt - Debt (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Debt Instrument [Line Items]	'	'
Other	$3	$7
Total debt	3,146	3,150
Less current portion	151	1
Long-term debt	2,995	3,149
Senior Notes, interest at 6.125% payable semiannually, principal due on August 15, 2015 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	151	151
Senior Notes, interest at 1.35% payable semiannually, principal due on December 1, 2017 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	500	500
Senior Notes, interest at 2.6% payable semiannually, principal due on December 1, 2022 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	1,396	1,396
Senior Notes, interest at 3.95% payable semiannually, principal due on December 1, 2042 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	$1,096	$1,096

Debt_Debt_Parenthetical_Detail

Debt - Debt (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Senior Notes, interest at 6.125% payable semiannually, principal due on August 15, 2015 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior notes interest rate	6.13%	6.13%
Senior note due date	15-Aug-15	15-Aug-15
Senior Notes, interest at 1.35% payable semiannually, principal due on December 1, 2017 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior notes interest rate	1.35%	1.35%
Senior note due date	1-Dec-17	1-Dec-17
Senior Notes, interest at 2.6% payable semiannually, principal due on December 1, 2022 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior notes interest rate	2.60%	2.60%
Senior note due date	1-Dec-22	1-Dec-22
Senior Notes, interest at 3.95% payable semiannually, principal due on December 1, 2042 [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior notes interest rate	3.95%	3.95%
Senior note due date	1-Dec-42	1-Dec-42

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Letter of credit issued under credit facility	$1,073,000,000	'
Funds available under revolving credit facility	2,427,000,000	'
Variable rate	0.88%	'
Interest rate under multi currency facility	'LIBOR, NIBOR or EURIBOR plus 0.875%	'
Variable rate basis	'LIBOR, NIBOR or EURIBOR plus	'
Outstanding letters of credit under various bilateral committed letter of credit facilities	3,212,000,000	'
Fair Value of Unsecured Senior Note	3,023,000,000	2,896,000,000
Carrying Value of Unsecured Senior Notes	3,146,000,000	3,150,000,000
Unsecured Senior Notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Carrying Value of Unsecured Senior Notes	3,143,000,000	3,143,000,000
Five-year Unsecured Revolving Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Unsecured revolving credit facility	3,500,000,000	'
Borrowings under commercial paper	0	'
Borrowings against revolving credit facility	$0	'
Unsecured Revolving Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Revolving credit facility, Period	'5 years	'

Tax_Additional_Information_Det

Tax - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reconciliation Of Statutory Federal Tax Rate [Line Items]	'	'	'	'
Effective tax rate	28.80%	30.60%	30.30%	30.70%
U.S. federal statutory rate	'	'	35.00%	'
Unrecognized tax benefit	$128	'	$128	'
Increase in unrecognized tax benefit	'	'	1	'
Realized [Member]	'	'	'	'
Reconciliation Of Statutory Federal Tax Rate [Line Items]	'	'	'	'
Unrecognized tax benefit	$55	'	$55	'

Tax_Difference_Between_Effecti

Tax - Difference Between Effective Tax Rate (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Federal income tax at U.S. federal statutory rate	$344	$301	$932	$783
Foreign income tax rate differential	-91	-50	-189	-172
State income tax, net of federal benefit	8	5	23	17
Nondeductible expenses	1	4	20	20
Tax benefit of manufacturing deduction	-13	-4	-31	-20
Foreign dividends, net of foreign tax credits	113	12	134	24
Tax impact of foreign exchange	16	-12	14	27
Tax rate change on temporary differences	'	-16	'	-16
Change in valuation allowance	-94	32	-92	40
Other	-1	-9	-5	-17
Provision for income taxes	$283	$263	$806	$686

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

In Millions, except Share data, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

14-May-14

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Restricted Stock Awards [Member]

Restricted Stock Awards [Member]

Restricted Stock and Restricted Stock Units [Member]

TSR Award [Member]

ROC Award [Member]

Stock options [Member]

Stock options [Member]

Performance-base restricted stock [Member]

Performance-base restricted stock [Member]

Restricted Stock Awards [Member]

Minimum [Member]

Maximum [Member]

Senior Management Employees [Member]

Senior Management Employees [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Earlier authorized shares under stock based compensation

'

'

39,500,000

'

'

'

'

'

'

'

'

'

'

Remaining shares available for future grants under the Plan

11,774,456

'

11,774,456

'

'

'

'

'

'

'

'

'

'

Stock option granted

'

'

'

'

'

'

'

'

'

3,113,607

'

'

'

Stock option granted fair value

'

'

'

'

'

'

'

'

'

$25.60

'

'

'

Restricted stock granted

'

'

'

'

18,736

'

426,272

'

'

'

'

0

436,390

Restricted stock granted fair value

'

'

'

'

$68.89

'

$74.83

'

'

'

'

'

'

Period of option vested over grant date

'

'

'

'

'

'The stock options vest over a three-year period from the grant date while the restricted stock and restricted stock units vest on the third anniversary of the date of grant.

'

'

'

'

'

'

'

Performance based restricted stock awards granted in percent

'

'

'

'

'

'

'

50.00%

50.00%

'

'

'

'

Performance based restricted stock awards vested, number of years

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

Stock option granted, exercise price

'

'

'

'

'

'

'

'

'

'

$74.83

'

'

Description of performance goal

'

'

'Performance against the ROC goal is determined by comparing the performance of the Company's actual ROC performance average for each of the three years of the performance period against the ROC goal set by the Company's Compensation Committee.

'

'

'

'

'

'

'

'

'

'

Stock-based compensation expense

$23

$23

$75

$61

'

'

'

'

'

'

'

'

'

Income tax benefit recognized

$7

$7

$23

$19

'

'

'

'

'

'

'

'

'

Derivative_Financial_Instrumen2

Derivative Financial Instruments - Additional Information (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Millions, unless otherwise specified			Fair Value, Inputs, Level 2 [Member]	Minimum [Member]	Maximum [Member]
Derivatives, Fair Value [Line Items]	'	'	'	'	'
Maximum Derivative Financial Instrument's Term (months)	'	'	'	'2 months	'24 months
Derivative Assets	$36	$59	$36	'	'
Derivative Liabilities	186	40	186	'	'
Fair value of the Company's foreign currency forward contracts	$150	'	'	'	'

Derivative_Financial_Instrumen3

Derivative Financial Instruments - Outstanding Foreign Currency Forward Contracts (Detail) (Forward Contracts [Member])

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

In Millions, unless otherwise specified

USD ($)

CAD

DKK

EUR (€)

GBP (£)

MXN

NOK

RUB

SEK

SGD

USD ($)

CAD

DKK

EUR (€)

GBP (£)

NOK

RUB

SEK

SGD

Derivative [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Foreign currency, Cash flow hedging

$350

14

283

€ 560

£ 32

129

11,430

'

'

51

$357

16

278

€ 406

£ 23

10,503

'

'

17

Foreign currency, Non-designated hedging

$1,057

4

438

€ 413

£ 31

134

2,747

1,575

9

3

$715

3

177

€ 310

£ 14

3,257

2,149

4

3

Derivative_Financial_Instrumen4

Derivative Financial Instruments - Derivative Instruments and their Balance Sheet Classifications (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets	$36	$59
Derivative Liabilities	186	40
Designated as Hedging Instruments [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets	15	40
Derivative Liabilities	142	27
Not Designated As Hedging Instrument [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets	21	19
Derivative Liabilities	44	13
Foreign exchange contracts [Member] | Prepaid and other current assets [Member] | Designated as Hedging Instruments [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets	9	35
Foreign exchange contracts [Member] | Prepaid and other current assets [Member] | Designated as Hedging Instruments [Member] | Accrued liabilities [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Liabilities	97	18
Foreign exchange contracts [Member] | Prepaid and other current assets [Member] | Not Designated As Hedging Instrument [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets	21	19
Foreign exchange contracts [Member] | Prepaid and other current assets [Member] | Not Designated As Hedging Instrument [Member] | Accrued liabilities [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Liabilities	43	13
Foreign exchange contracts [Member] | Other Assets [Member] | Designated as Hedging Instruments [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets	6	5
Foreign exchange contracts [Member] | Other Assets [Member] | Not Designated As Hedging Instrument [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Assets	0	'
Foreign exchange contracts [Member] | Other Liabilities [Member] | Designated as Hedging Instruments [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Liabilities	45	9
Foreign exchange contracts [Member] | Other Liabilities [Member] | Not Designated As Hedging Instrument [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Liabilities	$1	'

Derivative_Financial_Instrumen5

Derivative Financial Instruments - Effect of Derivative Instruments on Consolidated Statements of Income (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	$25	$6
Not Designated As Hedging Instrument [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	-25	13
Cash Flow Hedging [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	-132	-32
Foreign exchange contracts [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	20	-1
Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	26	6
Foreign exchange contracts [Member] | Cash Flow Hedging [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	-132	-32
Foreign exchange contracts [Member] | Other income (expense), net [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	26	6
Foreign exchange contracts [Member] | Other income (expense), net [Member] | Not Designated As Hedging Instrument [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	-25	13
Foreign exchange contracts [Member] | Revenue [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	25	7
Foreign exchange contracts [Member] | Cost of revenue [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	($5)	($8)

Derivative_Financial_Instrumen6

Derivative Financial Instruments - Effect of Derivative Instruments on Consolidated Statements of Income (Parenthetical) (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Accumulated other comprehensive income (loss), reclassified	($2)	($2)	$15	'
Amount of gain (loss) recognized in income on derivative (ineffective portion)	'	'	1	'
Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	'	'	25	6
Scenario, Forecast [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Accumulated other comprehensive income (loss), reclassified	'	'	$101	'

Net_Income_Attributable_to_Com2

Net Income Attributable to Company Per Share - Computation of Weighted Average Basic and Diluted Shares Outstanding (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'	'	'
Income from continuing operations	$699	$598	$1,855	$1,553
Income from discontinued operations	'	38	52	116
Net income attributable to Company	$699	$636	$1,907	$1,669
Denominator:	'	'	'	'
Basic-weighted average common shares outstanding	429	426	428	426
Dilutive effect of employee stock options and other unvested stock awards	2	2	2	2
Diluted outstanding shares	431	428	430	428
Basic:	'	'	'	'
Income from continuing operations	$1.63	$1.40	$4.34	$3.64
Income from discontinued operations	'	$0.09	$0.12	$0.28
Net income attributable to Company	$1.63	$1.49	$4.46	$3.92
Diluted:	'	'	'	'
Income from continuing operations	$1.62	$1.40	$4.31	$3.62
Income from discontinued operations	'	$0.09	$0.12	$0.28
Net income attributable to Company	$1.62	$1.49	$4.43	$3.90
Cash dividends per share	$0.46	$0.26	$1.18	$0.65

Net_Income_Attributable_to_Com3

Net Income Attributable to Company Per Share - Additional Information (Detail)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Anti-dilutive stock options outstanding	6	7	8	7

Cash_Dividends_Additional_Info

Cash Dividends - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Aug. 13, 2014
Statement of Partners' Capital [Abstract]	'	'	'	'	'
Dividends Payable, Amount Per Share	'	'	'	'	$0.46
Aggregated Cash Dividends Paid	$198	$111	$507	$278	'

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (Robbins and Myers [Member], USD $)	Feb. 20, 2013	Sep. 30, 2014	Sep. 30, 2014
	Maximum [Member]	DOJ [Member]	BIS [Member]
Commitment And Contingencies [Line Items]	'	'	'
Litigation settlement expense	'	$1,033,000	$600,000
Alleged violations involved in goods 2005 and 2006	$75,000	'	'

Share_Repurchase_Program_Addit

Share Repurchase Program - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Share repurchase program, authorized amount	$3,000,000,000
Share repurchase program, duration	'36 months
Common stock repurchased (Treasury stock)	0