Weatherford International (WFRD) 10-Q 24 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 13, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Weatherford International plc
Entity Central Index Key	1,603,923
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		775,296,080
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Products	$ 891	$ 1,490	$ 1,931	$ 2,936
Services	1,499	2,221	3,253	4,371
Total Revenues	2,390	3,711	5,184	7,307
Costs and Expenses:
Cost of Products	802	1,101	1,705	2,165
Cost of Services	1,214	1,728	2,513	3,503
Research and Development	59	75	123	144
Selling, General and Administrative Attributable to Segments	339	396	702	810
Corporate General and Administrative	53	59	120	133
Long-Lived Assets Impairment and Other Related Charges	181	143	191	143
Goodwill and Equity Investment Impairment	20	125	20	125
Restructuring Charges	69	59	110	129
Litigation Charges	112	0	112	0
Loss on Sale of Businesses, Net	5	0	2	0
Total Costs and Expenses	2,854	3,686	5,598	7,152
Operating Income (Loss)	(464)	25	(414)	155
Other Income (Expense):
Interest Expense, Net	(117)	(128)	(237)	(254)
Foreign Exchange Related Charges	(16)	0	(42)	0
Other, Net	(18)	(19)	(29)	(28)
Loss Before Income Taxes	(615)	(122)	(722)	(127)
(Provision) Benefit for Income Taxes	132	(11)	132	(38)
Net Loss	(483)	(133)	(590)	(165)
Net Income Attributable to Noncontrolling Interests	6	12	17	21
Net Income (Loss) Attributable to Weatherford	$ (489)	$ (145)	$ (607)	$ (186)
Loss Per Share Attributable to Weatherford:
Basic and Diluted (in dollars per share)	$ (0.63)	$ (0.19)	$ (0.78)	$ (0.24)
Weighted Average Shares Outstanding:
Basic and Diluted (in shares)	778	777	778	776

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net Loss	$ (483)	$ (133)	$ (590)	$ (165)
Other Comprehensive Income (Loss), Net of Tax:
Currency Translation Adjustments	115	166	(230)	(36)
Defined Benefit Pension Activity	(1)	0	21	0
Other Comprehensive Income (Loss)	114	166	(209)	(36)
Comprehensive Income (Loss)	(369)	33	(799)	(201)
Comprehensive Income Attributable to Noncontrolling Interests	6	12	17	21
Comprehensive Income (Loss) Attributable to Weatherford	$ (375)	$ 21	$ (816)	$ (222)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and Cash Equivalents	$ 611	$ 474
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $121 in 2015 and $108 in 2014	2,259	3,015
Inventories, Net	2,921	3,087
Deferred Tax Assets	295	303
Other Current Assets	978	1,065
Total Current Assets	7,064	7,944
Property, Plant and Equipment, Net of Accumulated Depreciation of $7,141 and $6,895	6,694	7,123
Goodwill	2,945	3,011
Other Intangible Assets, Net of Accumulated Amortization of $765 and $733	390	440
Equity Investments	81	106
Other Non-Current Assets	460	265
Total Assets	17,634	18,889
Current Liabilities:
Short-term Borrowings and Current Portion of Long-term Debt	1,556	727
Accounts Payable	1,104	1,736
Accrued Salaries and Benefits	410	425
Income Taxes Payable	105	230
Other Current Liabilities	962	909
Total Current Liabilities	4,137	4,027
Long-term Debt	6,268	6,798
Other Non-Current Liabilities	982	1,031
Total Liabilities	11,387	11,856
Shareholders’ Equity:
Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 775 shares at June 30, 2015 and 774 shares at December 31, 2014	1	1
Capital in Excess of Par Value	5,441	5,411
Retained Earnings	1,820	2,427
Accumulated Other Comprehensive Loss	(1,090)	(881)
Weatherford Shareholders’ Equity	6,172	6,958
Noncontrolling Interests	75	75
Total Shareholders’ Equity	6,247	7,033
Total Liabilities and Shareholders’ Equity	$ 17,634	$ 18,889

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Millions	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)shares
Current Assets:
Allowance for Uncollectible Accounts | $	$ 121	$ 108
Noncurrent Assets:
Accumulated Depreciation of Property, Plant and Equipment | $	7,141	6,895
Accumulated Amortization of Other Intangible Assets | $	$ 765	$ 733
Shareholders’ Equity:
Common Shares, Par Value (in USD and CHF per share, respectively) | (per share)	$ 0.001
Common Shares, Authorized (in shares)	1,356,000,000	1,356,000,000
Common Shares, Conditionally Authorized (in shares)	0	0
Common Shares, Issued (in shares)	775,000,000	774,000,000
Common Stock, Outstanding (in shares)	775,000,000	774,000,000
Treasury Shares, at cost (in shares)	0	0

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities:
Net Loss	$ (590)	$ (165)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Depreciation and Amortization	627	706
Employee Share-Based Compensation Expense	34	31
Long-Lived Assets Impairment	124	143
Restructuring and Other Asset Related Charges	122	0
Goodwill and Equity Investment Impairment	20	125
Litigation Charges	112	0
Deferred Income Tax Provision (Benefit)	(191)	16
Foreign Exchange Related Charges	42	0
Other, Net	86	2
Change in Operating Assets and Liabilities, Net of Effect of Businesses Acquired:
Accounts Receivable	687	32
Inventories	76	(70)
Other Current Assets	27	(73)
Accounts Payable	(616)	(155)
Billings in Excess of Costs and Estimated Earnings	(1)	(127)
Other Current Liabilities	(173)	(342)
Other, Net	(137)	(94)
Net Cash Provided by Operating Activities	249	29
Cash Flows from Investing Activities:
Capital Expenditures for Property, Plant and Equipment	(411)	(662)
Acquisition of Intellectual Property	(3)	(3)
Proceeds from Sale of Assets and Businesses, Net	23	26
Net Cash Used in Investing Activities	(391)	(622)
Cash Flows From Financing Activities:
Repayments of Long-term Debt, Net	(161)	(36)
Borrowings of Short-term Debt, Net	478	738
Excess Tax Benefit from Share-based Compensation, Financing Activities	0	4
Proceeds from Sale of Treasury Stock	0	22
Other Financing Activities, Net	(15)	(6)
Net Cash Provided by Financing Activities	302	722
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(23)	7
Net Increase in Cash and Cash Equivalents	137	136
Cash and Cash Equivalents at Beginning of Period	474	435
Cash and Cash Equivalents at End of Period	611	571
Supplemental Cash Flow Information:
Interest Paid	239	259
Income Taxes Paid, Net of Refunds	$ 180	$ 205

Business Combinations and Dives

Business Combinations and Divestitures	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Business Combinations	Business Combinations and Divestitures Acquisitions From time to time, we acquire assets and businesses we believe are important to our long-term strategy or dispose of assets and businesses that are no longer a strategic fit within our business. We did not complete any acquisitions or divestitures during the first six months ended June 30, 2015 . In April 2014, we acquired an additional 30% ownership interest in a joint venture in China. We paid $13 million for the incremental interest, thereby increasing our ownership interest from 45% to 75% and gaining control of the joint venture. As a result of this transaction, we adjusted our previously held equity investment to fair value, recognizing a $16 million gain, and we applied the consolidation method of accounting, recognizing $6 million of goodwill and $30 million of cash. In May 2012, we acquired a company that designs and produces well completion tools. Our purchase consideration included a contingent consideration arrangement valued at approximately $3 million at December 31, 2014. At June 30, 2015 , the contingent consideration arrangement was valued at approximately $12 million , and is expected to be settled in 2016 . Divestitures We completed the sale of our our pipeline and specialty services business in September 2014. As of December 31, 2014, we received consideration of $246 million , ( $245 million , net of cash disposed) and recognized a gain of approximately $49 million resulting from this transaction. In early July 2014, we completed the sale of our land drilling and workover rig operations in Russia and Venezuela. As of December 31, 2014, we received cash consideration of $499 million ( $486 million , net of cash disposed). As a result of our commitment to sell, we recognized a $143 million long-lived assets impairment loss and a $121 million goodwill impairment loss. Of the $121 million goodwill impairment, $95 million pertained to goodwill attributable to our divested land drilling and workover rig operations in Russia. See “ Note 7 – Goodwill ” regarding the impact of the 2014 goodwill impairment.

General

General	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General The accompanying unaudited Condensed Consolidated Financial Statements of Weatherford International plc (the “Company”) are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and include all adjustments of a normal recurring nature which, in our opinion, are necessary to present fairly our Condensed Consolidated Balance Sheet at June 30, 2015 and December 31, 2014 , Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2015 and 2014 , and Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014 . When referring to “Weatherford” and using phrases such as “we,” “us,” and “our,” the intent is to refer to Weatherford International plc, a public limited company organized under the law of Ireland, and its subsidiaries as a whole or on a regional basis, depending on the context in which the statements are made. Although we believe the disclosures in these financial statements are adequate, certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted in this Form 10-Q pursuant to U.S. Securities and Exchange Commission (“SEC”) rules and regulations. These financial statements should be read in conjunction with the audited Consolidated Financial Statements for the year ended December 31, 2014 included in our Annual Report on Form 10-K. The results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results expected for the year ending December 31, 2015 . The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported amounts of revenues and expenses during the reporting period, and disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and assumptions, including those related to uncollectible accounts receivable, lower of cost or market of inventories, equity investments, intangible assets and goodwill, property, plant and equipment, income taxes, percentage-of-completion accounting for long-term contracts, self-insurance, foreign currency exchange rates, pension and post-retirement benefit plans, contingencies and share-based compensation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Change in Reportable Segments During the first quarter of 2015, we changed our business structure to better align with management’s current view and future growth objectives. This involved separating our Land Drilling Rigs business into a reportable segment resulting in a total of five reportable segments. We have recast prior periods to conform to the current business segment presentation. See “ Note 15 – Segment Information ” for additional information. Principles of Consolidation We consolidate all wholly-owned subsidiaries, controlled joint ventures and variable interest entities where the Company has determined it is the primary beneficiary. Investments in affiliates in which we exercise significant influence over operating and financial policies are accounted for using the equity method. All material intercompany accounts and transactions have been eliminated in consolidation. Foreign Exchange Related Charges – Devaluation and Other Inflationary Impacts A new Venezuelan currency exchange system, known as the “Marginal Currency System” (or “SIMADI”), opened for trading February 12, 2015, replacing Venezuela’s Supplementary Foreign Currency Administration System auction rate (“SICAD II”) mechanism. The SIMADI is intended to provide limited access to a free market rate of exchange. In the first quarter of 2015, we began using the SIMADI rate and recognized remeasurement charges of $26 million and we will continue to monitor the impact on our financial statements of the evolving Venezuela exchange rate. At June 30, 2015 our net monetary asset position denominated in Venezuelan bolivar was approximately $7 million . In the second quarter of 2015, the Angolan kwanza devalued approximately 11% and we recognized foreign exchange related charges of $16 million . We will continue to monitor the impact on our financial statements of the evolving Angola exchange rate. At June 30, 2015 our net monetary asset position denominated in Angolan kwanza was approximately $124 million .

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges In the fourth quarter of 2014, in response to the significant decline in the price of crude oil and our anticipation of a lower level of exploration and production spending in 2015, we initiated a plan to reduce our overall costs and workforce to better align with anticipated activity levels. This cost reduction plan (the “ 2015 Plan ”) included a workforce reduction and other cost reduction measures initiated across our geographic regions. In connection with the 2015 Plan , we recognized restructuring charges of $69 million and $110 million in the three and six months ended June 30, 2015 , respectively. For the three and six months ended June 30, 2015 , our restructuring charges include termination (severance) benefits of $19 million and $59 million , respectively, and other restructuring charges of $50 million and $51 million , respectively. Other restructuring charges for both the three and six months ended June 30, 2015 includes asset write-offs of $23 million related to Yemen due to the political disruption and $22 million in other regions. Other restructuring charges also include exit charges, contract termination costs, relocation and other associated costs. In the first quarter of 2014, we announced a cost reduction plan (the “ 2014 Plan ”), which included a worldwide workforce reduction and other cost reduction measures. The 2014 Plan resulted in restructuring charges of $32 million and $98 million related to termination (severance) benefits in the three and six months ended June 30, 2014 , respectively. As of December 31, 2014, we completed our planned headcount reductions and closures of underperforming operating locations in connection with the 2014 Plan . The following tables present the components of the 2015 Plan and the 2014 Plan restructuring charges by segment for the three and six months ended June 30, 2015 and 2014 . Three Months Ended June 30, 2015 Other Total (Dollars in millions) Severance Restructuring Severance and 2015 Plan Charges Charges Other Charges North America $ 4 $ 17 $ 21 MENA/Asia Pacific 6 23 29 Europe/SSA/Russia 5 9 14 Latin America 3 1 4 Subtotal 18 50 68 Land Drilling Rigs 1 — 1 Corporate and Research and Development — — — Total $ 19 $ 50 $ 69 Three Months Ended June 30, 2014 Other Total (Dollars in millions) Severance Restructuring Severance and 2014 Plan Charges Charges Other Charges North America $ 4 $ 15 $ 19 MENA/Asia Pacific 6 7 13 Europe/SSA/Russia 6 2 8 Latin America 3 1 4 Subtotal 19 25 44 Land Drilling Rigs 1 — 1 Corporate and Research and Development 12 2 14 Total $ 32 $ 27 $ 59 Six Months Ended June 30, 2015 Other Total (Dollars in millions) Severance Restructuring Severance and 2015 Plan Charges Charges Other Charges North America $ 12 $ 17 $ 29 MENA/Asia Pacific 11 24 35 Europe/SSA/Russia 12 9 21 Latin America 15 1 16 Subtotal 50 51 101 Land Drilling Rigs 6 — 6 Corporate and Research and Development 3 — 3 Total $ 59 $ 51 $ 110 Six Months Ended June 30, 2014 Other Total (Dollars in millions) Severance Restructuring Severance and 2014 Plan Charges Charges Other Charges North America $ 13 $ 15 $ 28 MENA/Asia Pacific 10 7 17 Europe/SSA/Russia 21 6 27 Latin America 22 1 23 Subtotal 66 29 95 Land Drilling Rigs 4 — 4 Corporate and Research and Development 28 2 30 Total $ 98 $ 31 $ 129 The severance and other restructuring charges gave rise to certain liabilities, the components of which are summarized below, and largely relate to the severance accrued as part of both plans that will be paid pursuant to the respective arrangements and statutory requirements. At June 30, 2015 2015 Plan 2014 Plan Total Severance Other Other and Other Severance Restructuring Severance Restructuring Restructuring (Dollars in millions) Liability Liability Liability Liability Liability North America $ 6 $ 4 $ — $ — $ 10 MENA/Asia Pacific 5 — 1 5 11 Europe/SSA/Russia 5 3 — 2 10 Latin America 1 — — — 1 Subtotal 17 7 1 7 32 Land Drilling Rigs — — — — — Corporate and Research and Development — — 5 — 5 Total $ 17 $ 7 $ 6 $ 7 $ 37 The following table presents the restructuring liability activity for the six months ended June 30, 2015 . Six Months Ended June 30, 2015 (Dollars in millions) Accrued Balance at December 31, 2014 Charges Cash Payments Other Accrued Balance at June 30, 2015 2015 Plan: Severance liability $ 53 $ 59 $ (93 ) $ (2 ) $ 17 Other restructuring liability — 6 (2 ) 3 7 2014 Plan: Severance liability 14 — (6 ) (2 ) 6 Other restructuring liability 12 — (3 ) (2 ) 7 Total severance and other restructuring liability $ 79 $ 65 $ (104 ) $ (3 ) $ 37

Percentage of Completion Contra

Percentage of Completion Contracts	6 Months Ended
	Jun. 30, 2015
Contractors [Abstract]
Percentage of Completion Contracts	Percentage-of-Completion Contracts In the three and six months ended June 30, 2015 , we recognized estimated project losses of $69 million and $27 million , respectively, related to our long-term early production facility construction contract in Iraq accounted for under the percentage-of-completion method. Total estimated losses on these projects were $406 million at June 30, 2015 . As of June 30, 2015 , our percentage-of-completion project estimates include $137 million of claims revenue and $21 million of back charges. Our costs in excess of billings as of June 30, 2015 were $129 million and are included in the “Other Current Assets” line on the balance sheet. We also have a variety of unapproved contract change orders or claims that are not included in our revenues as of June 30, 2015 . The amounts associated with these contract change orders or claims are included in revenue only when they can be estimated reliably and their realization is reasonably assured. In the three and six months ended June 30, 2014 , we recognized estimated project losses of $2 million and $28 million , respectively. Total estimated losses on these projects were $335 million at June 30, 2014 . As of June 30, 2014 , our percentage-of-completion project estimates include $21 million of claims revenue. No claims revenue was recognized during the three months ended June 30, 2014 and $28 million of claims revenue was recognized during the six months ended June 30, 2014 .

Inventories, Net

Inventories, Net	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, Net Inventories, net of reserves, by category were as follows: (Dollars in millions) June 30, 2015 December 31, 2014 Raw materials, components and supplies $ 170 $ 194 Work in process 102 135 Finished goods 2,649 2,758 $ 2,921 $ 3,087

Long-Lived Asset Impairments (N

Long-Lived Asset Impairments (Notes)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Long-Lived Asset Impairments	Long-lived Asset Impairments In the second quarter of 2015, the continued weakness in crude oil prices contributed to lower exploration and production spending and a decline in the utilization of our pressure pumping assets. The continued weakness in oil prices and its impact on demand represent a significant adverse change in the business climate and an indication that these long-lived assets may not be recoverable. Based on these impairment indicators, we performed an analysis of our pressure pumping assets and recorded long-lived asset impairment charges of $124 million to adjust the assets to fair value in our North America Segment. See “ Note 9 – Fair Value of Financial Instruments ” for additional information regarding the fair value determination. We prepared an analysis to determine the fair value of our equity investments in less than majority owned entities. Upon completion of this valuation, we determined that the fair value attributable to an equity investment was significantly below its carrying value. We assessed this decline in value as other than temporary and recognized an impairment loss of $20 million during the second quarter of 2015. See “ Note 9 – Fair Value of Financial Instruments ” for additional information regarding the fair value determination. In July 2014, we completed the sale of our rig operations in Russia and Venezuela. We expected the sale would significantly impact the revenues and results of our Russia operations. We considered the associated circumstances and determined that the fair values of our Russia and Latin America rig operations were below their carrying amounts. As a result of our commitment to sell, we recorded a $143 million long-lived assets impairment charge.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill We perform an impairment test for goodwill and indefinite-lived intangible assets annually as of October 1, or more frequently if indicators of potential impairment exist. Due to the change in our reporting segments (See “ Note 15 – Segment Information ”), we now report Land Drilling Rigs as a segment. The goodwill associated with the Land Drilling Rigs reporting unit was previously impaired in 2014. We recognized a goodwill impairment loss of $121 million in 2014 associated with the sale of our land drilling and workover rig operations in Russia and Venezuela. The changes in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2015 were as follows: (Dollars in millions) North America MENA/ Asia Pacific Europe/ SSA/ Russia Latin America Land Drilling Rigs Total Balance at December 31, 2014 $ 1,896 $ 195 $ 623 $ 297 $ — $ 3,011 Foreign currency translation adjustments (55 ) (3 ) (3 ) (5 ) — (66 ) Balance at June 30, 2015 $ 1,841 $ 192 $ 620 $ 292 $ — $ 2,945

Short-term Borrowings and Curre

Short-term Borrowings and Current Portion of Long-term Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Short-term Borrowings and Current Portion of Long-term Debt	Short-term Borrowings and Current Portion of Long-term Debt (Dollars in millions) June 30, 2015 December 31, 2014 Commercial paper program $ 198 $ 245 Revolving credit agreement 730 — 364-day term loan facility — 175 Other short-term bank loans 220 257 Total short-term borrowings 1,148 677 Current portion of long-term debt 408 50 Short-term borrowings and current portion of long-term debt $ 1,556 $ 727 Revolving Credit Agreement We maintain a $2.25 billion unsecured, revolving credit agreement (the “Credit Agreement”). On June 30, 2015, we entered into an amendment to the Credit Agreement to extend the maturity date to July 13, 2017 and to make certain other changes. The Credit Agreement can be used for a combination of borrowings, support for our $2.25 billion commercial paper program and issuances of letters of credit. This agreement requires that we maintain a debt-to-total capitalization ratio of less than 60% . We were in compliance with this covenant at June 30, 2015 . At June 30, 2015 , we had $1.3 billion available under the Credit Agreement, and there were $16 million in outstanding letters of credit in addition to the commercial paper and borrowings under the revolving credit facility. 364-Day Term Loan Facility On April 9, 2015 , the maturity date, we repaid the remaining balance of $175 million on our $400 million , 364 -day term loan facility. Other Short-Term Borrowings and Other Debt Activity We have short-term borrowings with various domestic and international institutions pursuant to uncommitted credit facilities. At June 30, 2015 , we had $220 million in short-term borrowings under these arrangements, including $180 million borrowed under a credit agreement entered into in March 2014 that matures on March 20, 2016 (with respect to $150 million ) and June 20, 2016 (with respect to the remaining $30 million ), with a LIBOR-based weighted average interest rate of 1.73% as of June 30, 2015 . In addition, we had $549 million of letters of credit under various uncommitted facilities and $278 million of surety bonds, primarily performance bonds, issued by financial sureties against an indemnification from us at June 30, 2015 . The current portion of long-term debt at June 30, 2015 is primarily related to our 5.5% senior notes maturing February 2016 and our capital leases. In the first three months of 2015, through a series of open market transactions, we repurchased certain of our 4.5% senior notes, 5.95% senior notes, 6.5% senior notes and 6.75% senior notes with a total book value of $160 million . We recognized a cumulative gain of approximately $12 million on these transactions. No repurchases were made during the second quarter of 2015.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments, Assets and Equity Investments Financial Instruments Measured and Recognized at Fair Value We estimate fair value at a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market for the asset or liability. Other than the derivative instruments discussed in “ Note 10 – Derivative Instruments ,” we had no other material assets or liabilities measured and recognized at fair value on a recurring basis at June 30, 2015 and December 31, 2014 . Fair Value of Other Financial Instruments Our other financial instruments include short-term borrowings and long-term debt. The carrying value of our commercial paper and other short-term borrowings approximates their fair value due to the short-term duration of the associated interest rate periods. These short-term borrowings are classified as Level 2 in the fair value hierarchy. The fair value of our long-term debt fluctuates with changes in applicable interest rates among other factors. Fair value will exceed carrying value when the current market interest rate is lower than the interest rate at which the debt was originally issued. The fair value of our long-term debt is classified as Level 2 in the fair value hierarchy and is established based on observable inputs in less active markets. The fair value and carrying value of our senior notes were as follows: (Dollars in millions) June 30, 2015 December 31, 2014 Fair value $ 6,642 $ 6,733 Carrying value 6,497 6,660 Non-recurring Fair Value Measurements During the second quarter of 2015, long-lived pressure pumping assets and an equity investment were impaired and written down to their estimated fair values. The level 3 fair value of the long-lived assets was determined using a combination of the cost approach and the market approach, which used inputs that included replacement costs (unobservable), physical deterioration estimates (unobservable), and market sales data for comparable assets. The equity investment level 3 fair value was determined using an income based approach utilizing estimates of future cash flow, discount rate, long-term growth rate, and marketability discount, all of which were unobservable. During the second quarter of 2014, long-lived assets in the rig operations in Russia and Venezuela and goodwill for the Russia reporting unit were impaired and written down to their estimated fair values. The level 3 fair value of the long-lived assets in the rig operations was determined using the market approach that considered the estimated sales price of those businesses. The goodwill level 3 fair value was determined using a combination of the income and market approaches with observable inputs that consisted of earnings multiples and unobservable inputs that included estimates of future cash flows, discount rate, long-term growth rate, and control premiums.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments We are exposed to market risk from changes in foreign currency and changes in interest rates. From time to time, we may enter into derivative financial instrument transactions to manage or reduce our market risk. We manage our debt portfolio to achieve an overall desired position of fixed and floating rates, and we may employ interest rate swaps as a tool to achieve that goal. The major risks from interest rate derivatives include changes in the interest rates affecting the fair value of such instruments, potential increases in interest expense due to market increases in floating interest rates and the creditworthiness of the counterparties in such transactions. In light of events in the global credit markets and the potential impact of these events on the liquidity of the banking industry, we continue to monitor the creditworthiness of our counterparties, which are multinational commercial banks. The fair values of all our outstanding derivative instruments are determined using a model with Level 2 inputs including quoted market prices for contracts with similar terms and maturity dates. Level 2 values for financial assets and liabilities are based on quoted prices in inactive markets, or whose values are based on models using observable inputs other than quoted prices. Level 2 inputs to those models are observable either directly or indirectly for substantially the full term of the asset or liability. Fair Value Hedges We may use interest rate swaps to help mitigate exposures related to changes in the fair values of the associated debt. Amounts paid or received upon termination of interest rate swaps accounted for as fair value hedges represent the fair value of the agreements at the time of termination and are amortized as a reduction, in the case of gains, or as an increase, in the case of losses, of interest expense over the remaining term of the debt. As of June 30, 2015 , we had net unamortized gains of $28 million associated with interest rate swap terminations. These gains are being amortized over the remaining term of the originally hedged debt as a reduction in interest expense. Other Derivative Instruments We enter into foreign currency forward contracts and cross-currency swap contracts to hedge our exposure to fluctuations in various foreign currencies. At June 30, 2015 and December 31, 2014 , we had outstanding foreign currency forward contracts with notional amounts aggregating $1.4 billion and $1.6 billion , respectively. The notional amounts of our foreign currency forward contracts do not generally represent amounts exchanged by the parties and thus are not a measure of the cash requirements related to these contracts or of any possible loss exposure. The amounts actually exchanged at maturity are calculated by reference to the notional amounts and by other terms of the derivative contracts, such as exchange rates. At December 31, 2014 , to hedge our exposure to the Canadian dollar, we held cross-currency swaps between the U.S. dollar and the Canadian dollar with a notional amount of $168 million . We settled the cross-currency swap arrangements in the three months ended March 31, 2015 after recognizing a mark-to-market gain of $13 million in the first quarter of 2015. We collected $8 million in proceeds upon settlement. Our foreign currency forward contracts and cross-currency swaps were not designated as hedges, and the changes in fair value of the contracts are recorded each period in current earnings in the line captioned “Other, Net” on the accompanying Condensed Consolidated Statements of Operations. The total estimated fair values of these foreign currency forward contracts and amounts receivable or owed associated with closed foreign currency contracts and the total estimated fair values of our cross-currency contracts are as follows: (Dollars in millions) June 30, 2015 December 31, 2014 Classification Derivative assets not designated as hedges: Foreign currency forward contracts $ 10 $ 12 Other Current Assets Derivative liabilities not designated as hedges: Foreign currency forward contracts (11 ) (17 ) Other Current Liabilities Cross-currency swap contracts — (5 ) Other Liabilities The effect of derivative instruments designated as fair value hedges and those not designated as hedges on the Condensed Consolidated Statements of Operations was as follows: Gain (Loss) Recognized in Income Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2015 2014 2015 2014 Classification Interest rate swaps $ 3 $ 2 $ 5 $ 4 Interest Expense, Net Derivatives not designated as hedges: Foreign currency forward contracts 10 4 (56 ) (7 ) Other, Net Cross-currency swap contracts — (8 ) 13 1 Other, Net

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We estimate our annual effective tax rate based on year-to-date operating results and our forecast of operating results for the remainder of the year, by jurisdiction, and apply this rate to the year-to-date operating results. If our actual results, by jurisdiction, differ from the forecasted operating results, our effective tax rate can change, affecting the tax expense for both successive interim results as well as the annual tax results. For both the three and six months ended June 30, 2015 , we had a $132 million tax benefit on a loss before income taxes of $615 million and $722 million , respectively. Our results for the three months ended June 30, 2015 includes $112 million of litigation settlements, $69 million of project losses, $16 million of devaluation of the Angolan kwanza currency, $20 million of equity investment impairment and $69 million of restructuring charges with no significant tax benefit. Our results for the six months ended June 30, 2015 includes $112 million of litigation settlements, $27 million of project losses, $42 million of currency devaluation, $20 million of equity investment impairment and $110 million of restructuring charges with no significant tax benefit. We are continuously under tax examination in various jurisdictions. We cannot predict the timing or outcome regarding resolution of these tax examinations or if they will have a material impact on our financial statements. We continue to anticipate a possible reduction in the balance of uncertain tax positions by approximately $19 million in the next twelve months due to expiration of statutes of limitations, settlements and/or conclusions of tax examinations. For the three and six months ended June 30, 2014 , we had a tax provision of $11 million and $38 million on a loss before income taxes of $122 million and $127 million , respectively. Our results for the three and six months ended June 30, 2014 include a $143 million impairment loss ( $121 million , net of tax) to record the land drilling and workover rig operations in Russia and Venezuela at fair value. We also recorded a $125 million non-cash impairment charge to goodwill based on our analysis triggered by the planned sale of our land drilling and workover rig operations in Russia and Venezuela, which was non-deductible for income tax purposes. Our results for the six months ended June 30, 2014 were also impacted by discrete income before tax items, including restructuring charges and project losses of approximately $177 million , with no significant tax benefit.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity The following summarizes our shareholders’ equity activity for the six months ended June 30, 2015 and 2014 : (Dollars in millions) Par Value of Issued Shares Capital In Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Shares Non-controlling Interests Total Shareholders’ Equity Balance at December 31, 2013 $ 775 $ 4,600 $ 3,011 $ (187 ) $ (37 ) $ 41 $ 8,203 Net Income (Loss) — — (186 ) — — 21 (165 ) Other Comprehensive Loss — — — (36 ) — — (36 ) Consolidation of Joint Venture — — — — — 26 26 Dividends Paid to Noncontrolling Interests — — — — — (15 ) (15 ) Change in Common Shares, Treasury Shares and Paid in Capital Associated with Redomestication (778 ) 750 — — 39 — 11 Equity Awards Granted, Vested and Exercised 4 24 — — (2 ) — 26 Balance at June 30, 2014 $ 1 $ 5,374 $ 2,825 $ (223 ) $ — $ 73 $ 8,050 Balance at December 31, 2014 $ 1 $ 5,411 $ 2,427 $ (881 ) $ — $ 75 $ 7,033 Net Income (Loss) — — (607 ) — — 17 (590 ) Other Comprehensive Loss — — — (209 ) — — (209 ) Dividends Paid to Noncontrolling Interests — — — — — (18 ) (18 ) Equity Awards Granted, Vested and Exercised — 30 — — — — 30 Other — — — — — 1 1 Balance at June 30, 2015 $ 1 $ 5,441 $ 1,820 $ (1,090 ) $ — $ 75 $ 6,247 The following table presents the changes in our accumulated other comprehensive income (loss) by component for the six months ended June 30, 2015 and 2014 : (Dollars in millions) Currency Translation Adjustment Defined Benefit Pension Deferred Loss on Derivatives Total Balance at December 31, 2013 $ (140 ) $ (38 ) $ (9 ) $ (187 ) Other comprehensive loss (36 ) — — (36 ) Balance at June 30, 2014 $ (176 ) $ (38 ) $ (9 ) $ (223 ) Balance at December 31, 2014 $ (813 ) $ (57 ) $ (11 ) $ (881 ) Other comprehensive income (loss) before reclassifications (230 ) 20 — (210 ) Reclassifications — 1 — 1 Net activity (230 ) 21 — (209 ) Balance at June 30, 2015 $ (1,043 ) $ (36 ) $ (11 ) $ (1,090 ) The other comprehensive income before reclassifications from the defined benefit pension component of other comprehensive income relates to the conversion of one of our international pension plans from a defined benefit plan to a defined contribution plan.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic earnings per share for all periods presented equals net income divided by the weighted average number of our shares outstanding during the period including participating securities. Diluted earnings per share is computed by dividing net income by the weighted average number of our shares outstanding during the period including participating securities, adjusted for the dilutive effect of our stock options, restricted shares and performance units. The following discloses basic and diluted weighted average shares outstanding: Three Months Ended June 30, Six Months Ended June 30, (Shares in millions) 2015 2014 2015 2014 Basic and diluted weighted average shares outstanding 778 777 778 776 Our basic and diluted weighted average shares outstanding for the periods presented are equivalent due to the net loss attributable to shareholders. Diluted weighted average shares outstanding for the three and six months ended June 30, 2015 and 2014 exclude potential shares for stock options, restricted shares and performance units outstanding as we have net losses for that period and their inclusion would be anti-dilutive. The following table discloses the number of anti-dilutive shares excluded: Three Months Ended June 30, Six Months Ended June 30, (Shares in millions) 2015 2014 2015 2014 Anti-dilutive potential shares due to net loss 3 5 3 5

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation We recognized the following employee share-based compensation expense during the three and six months ended June 30, 2015 and 2014 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2015 2014 2015 2014 Share-based compensation $ 19 $ 16 $ 34 $ 31 Related tax benefit 4 3 7 6 During the six months ended June 30, 2015 , we granted approximately 1.6 million performance units, which will vest with continued employment, if the Company meets certain market-based performance goals. The performance units have a weighted average grant date fair value of $10.45 per share based on the Monte Carlo simulation method. The assumptions used in the Monte Carlo simulation included a risk-free rate of 0.51% , volatility of 46.1% and a zero dividend yield. As of June 30, 2015 , there was $20 million of unrecognized compensation related to our performance units. This cost is expected to be recognized over a weighted average period of 2 years. During the six months ended June 30, 2015 , we also granted 6.3 million restricted shares at a weighted average grant date fair value of $12.90 per share. As of June 30, 2015 , there was $120 million of unrecognized compensation related to our unvested restricted share grants. This cost is expected to be recognized over a weighted average period of 2 years.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information In the first quarter of 2015, we changed our business structure to better align with management’s current view and future growth objectives. This involved separating our Land Drilling Rigs business into a reportable segment resulting in a total of five reportable segments which are North America, MENA/Asia Pacific, Europe/SSA/Russia, Latin America and Land Drilling Rigs . The operational performance of our segments is reviewed and managed primarily on a geographic basis, and we report the regional segments as separate, distinct reporting segments. In addition, the operations we intend to divest, in the case of our Land Drilling Rigs business, is reviewed and managed apart from our regional segments. Our corporate and other expenses that do not individually meet the criteria for segment reporting continue to be reported separately as Corporate and Research and Development. Each business reflects a reportable segment led by separate business segment management that reports directly or indirectly to our chief operating decision maker (“CODM”). Our CODM assesses performance and allocates resources on the basis of the five reportable segments. We have revised our business segment reporting to reflect our current management approach and recast prior periods to conform to the current business segment presentation. Financial information by segment is summarized below. Revenues are attributable to countries based on the ultimate destination of the sale of products or performance of services. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our Form 10-K. Three Months Ended June 30, 2015 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 808 $ (92 ) $ 97 MENA/Asia Pacific 516 (17 ) 66 Europe/SSA/Russia 418 65 53 Latin America 463 76 62 Subtotal 2,205 32 278 Land Drilling Rigs 185 4 27 2,390 36 305 Corporate and Research and Development (105 ) 6 Long-Lived Assets Impairment and Other Related Charges (a) (181 ) Equity Investment Impairment (20 ) Restructuring Charges (b) (69 ) Litigation Charges (112 ) Loss on Sale of Businesses, Net (5 ) Other Items (c) (8 ) Total $ 2,390 $ (464 ) $ 311 (a) For the three months ended June 30, 2015 includes asset impairment charges of $124 million , pressure pumping business related charges of $37 million and supply agreement charges related to a non-core business divestiture of $20 million . (b) For the three months ended June 30, 2015 , we recognized restructuring charges of $69 million : $21 million in North America, $29 million in MENA/Asia Pacific, $14 million in Europe/SSA/Russia, $4 million in Latin America, and $1 million in Land Drilling Rigs . (c) The three months ended June 30, 2015 includes professional fees of $3 million related to the divestiture of non-core businesses, facility closure fees of $3 million , restatement related litigation, post-settlement monitor and auditor expenses and other charges of $2 million . Certain leased equipment of our Land Drilling Rigs and North America pressure pumping business includes contractual residual value guarantees at June 30, 2015. We maintain a liability of $80 million related to these guarantees, of which $46 million is recorded as “Other Current Liabilities” and $34 million as “Other Non-Current Liabilities” on our Condensed Consolidated Balance Sheets. Certain of our supply agreements contain minimum purchase commitments and we maintain a liability at June 30, 2015, of $63 million , of which $50 million is recorded as “Other Current Liabilities” and $13 million as “Other Non-Current Liabilities” on our Condensed Consolidated Balance Sheets. Three Months Ended June 30, 2014 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 1,659 $ 244 $ 107 MENA/Asia Pacific 579 61 71 Europe/SSA/Russia 561 105 57 Latin America 518 76 61 Subtotal 3,317 486 296 Land Drilling Rigs 394 4 54 3,711 490 350 Corporate and Research and Development (120 ) 5 Long-Lived Assets Impairment (143 ) Goodwill Impairment (125 ) Restructuring Charges (d) (59 ) Other Items (e) (18 ) Total $ 3,711 $ 25 $ 355 (d) For the three months ended June 30, 2014 , we recognized restructuring charges of $59 million : $19 million in North America, $13 million in MENA/Asia Pacific, $8 million in Europe/SSA/Russia, $4 million in Latin America, $1 million in Land Drilling Rigs and $14 million in Corporate and Research and Development. (e) The three months ended June 30, 2014 includes professional fees related to the divestiture of our non-core businesses, restatement related litigation, the settlement of the U.S. government investigations and our redomestication from Switzerland to Ireland. Six Months Ended June 30, 2015 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 1,971 $ (102 ) $ 202 MENA/Asia Pacific 1,049 43 131 Europe/SSA/Russia 835 136 103 Latin America 949 174 123 Subtotal 4,804 251 559 Land Drilling Rigs 380 14 56 5,184 265 615 Corporate and Research and Development (225 ) 12 Long-Lived Assets Impairment and Other Related Charges (a) (191 ) Equity Investment Impairment (20 ) Restructuring Charges (b) (110 ) Litigation Charges (112 ) Loss on Sale of Businesses, Net (2 ) Other Items (c) (19 ) Total $ 5,184 $ (414 ) $ 627 (a) The six months ended June 30, 2015 includes asset impairment charges of $124 million , pressure pumping business related charges of $37 million and supply agreement charges related to a non-core business divestiture of $30 million . (b) For the six months ended June 30, 2015 , we recognized restructuring charges of $110 million : $29 million in North America, $35 million in MENA/Asia Pacific, $21 million in Europe/SSA/Russia, $16 million in Latin America, $6 million in Land Drilling Rigs and $3 million in Corporate and Research and Development. (c) The six months ended June 30, 2015 includes professional fees of $5 million related to the divestiture of our non-core businesses, facility closure fees of $3 million , restatement related litigation, post-settlement monitor and auditor expenses and other charges of $11 million . Six Months Ended June 30, 2014 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 3,269 $ 440 $ 214 MENA/Asia Pacific 1,198 66 143 Europe/SSA/Russia 1,077 183 111 Latin America 1,027 166 119 Subtotal 6,571 855 587 Land Drilling Rigs 736 (23 ) 108 7,307 832 695 Corporate and Research and Development (236 ) 11 Long-Lived Assets Impairment (143 ) Goodwill Impairment (125 ) Restructuring Charges (d) (129 ) Other Items (e) (44 ) Total $ 7,307 $ 155 $ 706 (d) For the six months ended June 30, 2014 , we recognized restructuring charges of $129 million : $28 million in North America, $17 million in MENA/Asia Pacific, $27 million in Europe/SSA/Russia, $23 million in Latin America, $4 million in Land Drilling Rigs and $30 million in Corporate and Research and Development. (e) The six months ended June 30, 2014 included professional fees of $40 million related to the divestiture of our non-core businesses, restatement related litigation, the settlement of the U.S. government investigations, the remediation of our material weakness related to income taxes and our recently completed redomestication from Switzerland to Ireland and other charges of $4 million .

Disputes, Litigation and Contin

Disputes, Litigation and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Disputes, Litigation and Contingencies	Disputes, Litigation and Contingencies Shareholder Litigation In 2010, three shareholder derivative actions were filed, purportedly on behalf of the Company, asserting breach of duty and other claims against certain current and former officers and directors of the Company related to the United Nations oil-for-food program governing sales of goods into Iraq, the FCPA and trade sanctions related to the U.S. government investigations disclosed above and in our U.S. Securities and Exchange Commission (the “SEC”) filings since 2007. Those shareholder derivative cases, captioned Neff v. Brady, et al. , No. 201040764, Rosner v. Brady, et al. , No. 201047343, and Hess v. Duroc-Danner, et al. , No. 201040765, were filed in Harris County, Texas state court and consolidated (collectively referred to as the “Neff Case”). In 2014, one of the three cases, Hess v. Duroc-Danner, et al. , No. 201040765, was voluntarily dismissed from the Neff Case. Other shareholder demand letters covering the same subject matter were received by the Company in early 2014, and a fourth shareholder derivative action was filed, purportedly on behalf of the Company, also asserting breach of duty and other claims against certain current and former officers and directors of the Company related to the same subject matter as the Neff Case. That case, captioned Erste-Sparinvest KAG v. Duroc-Danner, et al., No. 201420933 (Harris County, Texas) was consolidated into the Neff Case in September 2014. A motion to dismiss was granted May 15, 2015 and an appeal was filed on June 15, 2015. We cannot reliably predict the outcome of these cases including the amount of any possible loss. If one or more negative outcomes were to occur relative to these cases, the aggregate impact to our financial condition could be material. In March 2012, a purported securities class action captioned Freedman v. Weatherford International Ltd., et al. , No. 1:12-cv-02121-LAK (SDNY) was filed in the Southern District of New York against us and certain current and former officers. That case alleges violation of the federal securities laws related to the restatement of our historical financial statements announced on February 21, 2012, and later added claims related to the announcement of a subsequent restatement on July 24, 2012. In the three months ended December 31, 2014, we advanced settlement negotiations such that settlement was deemed probable, and we maintained an accrual of the estimated probable loss. As a result of ongoing negotiations in the second quarter of 2015, a settlement agreement was reached on June 30, 2015, subject to notice to the class, approval by the U.S. District Court for the Southern District of New York and other conditions. The settlement agreement requires payments totaling $120 million in exchange for the dismissal with prejudice of the litigation and the unconditional release of all claims, of which $95 million was accrued during the second quarter of 2015. In March 2011, a shareholder derivative action, Iron Workers Mid-South Pension Fund v. Duroc-Danner, et al. , No. 201119822, was filed in Harris County, Texas, civil court purportedly on behalf of the Company against certain current and former officers and directors, alleging breaches of duty related to the material weakness and restatement announcements. In February 2012, a second substantially similar shareholder derivative action, Wandel v. Duroc-Danner, et al. , No. 1:12-cv-01305-LAK (SDNY), was filed in federal court in the Southern District of New York. In June 2014, the parties signed a term sheet resolving the action for an agreed upon set of revised corporate procedures, no monetary payment by the defendants, and an award of attorneys’ fees for the plantiff’s counsel. In March 2015, the court approved notice to the class of the proposed settlement and set the final hearing for June 24, 2015. On June 24, 2015, the court approved the settlement. We maintain an immaterial accrual for the attorney’s fees included in the settlement, which was subsequently paid in July 2015. In March 2011, a purported shareholder class action captioned Dobina v. Weatherford International Ltd. , et al. , No. 1:11-cv-01646-LAK (SDNY), was filed in the U.S. District Court for the Southern District of New York, following our announcement on March 1, 2011 of a material weakness in our internal controls over financial reporting for income taxes, and restatement of our historical financial statements (the “2011 Class Action”). The lawsuit alleged violation of the federal securities laws by us and certain current and former officers. During the three months ended December 31, 2013, we entered into negotiations to settle the 2011 Class Action. As a result of these negotiations, settlement became probable and a settlement agreement was signed on January 29, 2014. The settlement was approved by the U.S. District Court for the Southern District of New York on January 5, 2015, and final judgment entered on January 30, 2015. The settlement agreement required payments totaling $53 million which was entirely funded by our insurers. U.S. Government and Internal Investigations On January 17, 2014 , the U.S. District Court for the Southern District of Texas approved the settlement agreements between us and certain of our subsidiaries and the U.S. Department of Justice (“DOJ”). On November 26, 2013, we announced that we and our subsidiaries also entered into settlement agreements with the U.S. Departments of Treasury and Commerce and with the SEC, which the U.S. District Court for the Southern District of Texas entered on December 20, 2013. These agreements collectively resolved investigations of prior alleged violations by us and certain of our subsidiaries relating to certain trade sanctions laws, participation in the United Nations oil-for-food program governing sales of goods into Iraq and non-compliance with FCPA matters. The $253 million payable by us and our subsidiaries was paid in January and February 2014 pursuant to the terms of the settlement agreements. These agreements include a requirement to retain, for a period of at least 18 months , an independent monitor responsible for assessing our compliance with the terms of the agreement so as to address and reduce the risk of recurrence of alleged misconduct, after which we would continue to evaluate our own compliance program and make periodic reports to the DOJ and SEC and maintain agreed compliance monitoring and reporting systems. In April 2014, the independent monitor was retained and the compliance assessment period began. These agreements also require us to retain an independent third party to retroactively audit our compliance with U.S. export control laws during the years 2012, 2013 and 2014. This audit is on-going. The SEC and DOJ are also investigating the circumstances surrounding the material weakness in our internal controls over financial reporting for income taxes that was disclosed in a notification of late filing on Form 12b-25 filed on March 1, 2011 and in current reports on Form 8-K filed on February 21, 2012 and on July 24, 2012 and the subsequent restatements of our historical financial statements. We are cooperating fully with these investigations. We are unable to predict the outcome of these matters due to the inherent uncertainties presented by such investigations, and we are unable to predict potential outcomes or estimate the range of potential loss contingencies, if any. The government, generally, has a broad range of civil and criminal penalties available for these types of matters under applicable law and regulation, including injunctive relief, fines, penalties and modifications to business practices, some of which, if imposed on us, could be material to our business, financial condition or results of operations. Additionally, we are aware of various disputes and potential claims and are a party in various litigation involving claims against us, some of which are covered by insurance. For claims, disputes and pending litigation in which we believe a negative outcome is probable and a loss can be reasonably estimated, we have recorded a liability for the expected loss. These liabilities are immaterial to our financial condition and results of operations. In addition we have certain claims, disputes and pending litigation which we do not believe a negative outcome is probable or for which we can only estimate a range of liability. It is possible, however, that an unexpected judgment could be rendered against us, or we could decide to resolve a case or cases, that would result in liability that could be uninsured and beyond the amounts we currently have reserved and in some cases those losses could be material. If one or more negative outcomes were to occur relative to these matters, the aggregate impact to our financial condition could be material.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In July 2015, the Financial Accounting Standards Board (“FASB”) issued new guidance that requires inventory not measured using either the last in, first out (LIFO) or the retail inventory method to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The new standard will be effective January 1, 2017 and will be applied prospectively. Early adoption is permitted. We are evaluating the impact that this new guidance will have on our Consolidated Financial Statements and related Note disclosures. In April 2015, the FASB issued new guidance related to accounting for fees paid in a cloud computing arrangement. The new standard provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are evaluating the impact, if any, of adopting this new accounting guidance on our Consolidated Financial Statements and related Note disclosures. In April 2015, the FASB issued new guidance related to presentation of debt issue costs. The new standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact this guidance will have on our Consolidated Financial Statements and related Note disclosures. In February 2015, the FASB issued new guidance related to consolidations. The new standard amends the guidelines for determining whether certain legal entities should be consolidated and reduces the number of consolidation models. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact this guidance will have on our Consolidated Financial Statements and related Note disclosures. In May 2014, the FASB issued new guidance intended to change the criteria for recognition of revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective beginning with the first quarter of 2017 and early adoption is not permitted. In April 2015, the FASB proposed a one year deferral of the effective date of the new revenue standard for public and non-public entities reporting under U.S. GAAP and on July 9, 2015, the FASB approved the one year deferral. The effective date of the amended standard will begin in the first quarter of 2018 and the FASB plans to submit its amendment to defer the effective date by the end of the third quarter 2015. We are currently evaluating the impact the adoption of this guidance would have on our Consolidated Financial Statements and related Note disclosures.

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements Weatherford International plc (“Weatherford Ireland”), a public limited company organized under the laws of Ireland, a Swiss tax resident, and the ultimate parent of the Weatherford group, guarantees the obligations of our subsidiaries – Weatherford International Ltd., a Bermuda exempted company (“Weatherford Bermuda”), and Weatherford International, LLC, a Delaware limited liability company (“Weatherford Delaware”), including the notes and credit facilities listed below. The following obligations of Weatherford Delaware were guaranteed by Weatherford Bermuda at June 30, 2015 and December 31, 2014 : (1) 6.35% senior notes and (2) 6.80% senior notes. The following obligations of Weatherford Bermuda were guaranteed by Weatherford Delaware at June 30, 2015 and December 31, 2014 : (1) revolving credit facility, (2) 5.50% senior notes, (3) 6.50% senior notes, (4) 6.00% senior notes, (5) 7.00% senior notes, (6) 9.625% senior notes, (7) 9.875% senior notes, (8) 5.125% senior notes, (9) 6.75% senior notes, (10) 4.50% senior notes and (11) 5.95% senior notes. At December 31, 2014, we had a 364 -day term loan facility which was an obligation of Weatherford Bermuda guaranteed by Weatherford Delaware. As a result of certain of these guarantee arrangements, we are required to present the following condensed consolidating financial information. The accompanying guarantor financial information is presented on the equity method of accounting for all periods presented. Under this method, investments in subsidiaries are recorded at cost and adjusted for our share in the subsidiaries’ cumulative results of operations, capital contributions and distributions and other changes in equity. Elimination entries relate primarily to the elimination of investments in subsidiaries and associated intercompany balances and transactions. Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 30, 2015 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Revenues $ — $ — $ — $ 2,390 $ — $ 2,390 Costs and Expenses (100 ) (4 ) — (2,750 ) — (2,854 ) Operating Income (Loss) (100 ) (4 ) — (360 ) — (464 ) Other Income (Expense): Interest Expense, Net — (98 ) (15 ) (4 ) — (117 ) Intercompany Charges, Net (26 ) (28 ) (68 ) 122 — — Equity in Subsidiary Income (363 ) 366 874 — (877 ) — Other, Net — 1 — (35 ) — (34 ) Income (Loss) Before Income Taxes (489 ) 237 791 (277 ) (877 ) (615 ) (Provision) Benefit for Income Taxes — — 29 103 — 132 Net Income (Loss) (489 ) 237 820 (174 ) (877 ) (483 ) Noncontrolling Interests — — — 6 — 6 Net Income (Loss) Attributable to Weatherford $ (489 ) $ 237 $ 820 $ (180 ) $ (877 ) $ (489 ) Comprehensive Income (Loss) Attributable to Weatherford $ (375 ) $ 263 $ 843 $ (66 ) $ (1,040 ) $ (375 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 30, 2014 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Revenues $ — $ — $ — $ 3,711 $ — $ 3,711 Costs and Expenses (9 ) (1 ) — (3,676 ) — (3,686 ) Operating Income (Loss) (9 ) (1 ) — 35 — 25 Other Income (Expense): Interest Expense, Net — (106 ) (14 ) (8 ) — (128 ) Intercompany Charges, Net (12 ) (22 ) (77 ) (1,709 ) 1,820 — Equity in Subsidiary Income (123 ) (192 ) (175 ) — 490 — Other, Net — (11 ) (1 ) (7 ) — (19 ) Income (Loss) Before Income Taxes (144 ) (332 ) (267 ) (1,689 ) 2,310 (122 ) (Provision) Benefit for Income Taxes (1 ) — 31 (41 ) — (11 ) Net Income (Loss) (145 ) (332 ) (236 ) (1,730 ) 2,310 (133 ) Noncontrolling Interests — — — 12 — 12 Net Income (Loss) Attributable to Weatherford $ (145 ) $ (332 ) $ (236 ) $ (1,742 ) $ 2,310 $ (145 ) Comprehensive Income (Loss) Attributable to Weatherford $ 21 $ (182 ) $ (100 ) $ (1,539 ) $ 1,821 $ 21 Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Six Months Ended June 30, 2015 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Revenues $ — $ — $ — $ 5,184 $ — $ 5,184 Costs and Expenses (107 ) (4 ) — (5,487 ) — (5,598 ) Operating Income (Loss) (107 ) (4 ) — (303 ) — (414 ) Other Income (Expense): Interest Expense, Net — (202 ) (28 ) (7 ) — (237 ) Intercompany Charges, Net (26 ) (43 ) (68 ) 137 — — Equity in Subsidiary Income (474 ) 441 849 — (816 ) — Other, Net — (19 ) — (52 ) — (71 ) Income (Loss) Before Income Taxes (607 ) 173 753 (225 ) (816 ) (722 ) (Provision) Benefit for Income Taxes — — 34 98 — 132 Net Income (Loss) (607 ) 173 787 (127 ) (816 ) (590 ) Noncontrolling Interests — — — 17 — 17 Net Income (Loss) Attributable to Weatherford $ (607 ) $ 173 $ 787 $ (144 ) $ (816 ) $ (607 ) Comprehensive Income (Loss) Attributable to Weatherford $ (816 ) $ 107 $ 774 $ (352 ) $ (529 ) $ (816 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Six Months Ended June 30, 2014 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Revenues $ — $ — $ — $ 7,307 $ — $ 7,307 Costs and Expenses (28 ) (1 ) (1 ) (7,122 ) — (7,152 ) Operating Income (Loss) (28 ) (1 ) (1 ) 185 — 155 Other Income (Expense): Interest Expense, Net — (211 ) (29 ) (14 ) — (254 ) Intercompany Charges, Net (12 ) 7,326 (77 ) (9,057 ) 1,820 — Equity in Subsidiary Income (144 ) (112 ) (164 ) — 420 — Other, Net (1 ) (15 ) (1 ) (11 ) — (28 ) Income (Loss) Before Income Taxes (185 ) 6,987 (272 ) (8,897 ) 2,240 (127 ) (Provision) Benefit for Income Taxes (1 ) — 37 (74 ) — (38 ) Net Income (Loss) (186 ) 6,987 (235 ) (8,971 ) 2,240 (165 ) Noncontrolling Interests — — — 21 — 21 Net Income (Loss) Attributable to Weatherford $ (186 ) $ 6,987 $ (235 ) $ (8,992 ) $ 2,240 $ (186 ) Comprehensive Income (Loss) Attributable to Weatherford $ (222 ) $ 6,987 $ (235 ) $ (8,992 ) $ 2,240 $ (222 ) Condensed Consolidating Balance Sheet June 30, 2015 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Current Assets: Cash and Cash Equivalents $ — $ 1 $ 22 $ 588 $ — $ 611 Other Current Assets 5 — 543 6,509 (604 ) 6,453 Total Current Assets 5 1 565 7,097 (604 ) 7,064 Equity Investments in Affiliates 8,011 11,057 10,528 3,868 (33,464 ) — Intercompany Receivables, Net — — — 10,356 (10,356 ) — Other Assets 4 33 49 10,484 — 10,570 Total Assets $ 8,020 $ 11,091 $ 11,142 $ 31,805 $ (44,424 ) $ 17,634 Current Liabilities: Short-term Borrowings and Current Portion of Long-Term Debt $ — $ 1,464 $ 6 $ 86 $ — $ 1,556 Accounts Payable and Other Current Liabilities 137 236 — 2,812 (604 ) 2,581 Total Current Liabilities 137 1,700 6 2,898 (604 ) 4,137 Long-term Debt — 5,238 908 122 — 6,268 Intercompany Payables, Net 1,699 5,962 2,695 — (10,356 ) — Other Long-term Liabilities 12 77 5 888 — 982 Total Liabilities 1,848 12,977 3,614 3,908 (10,960 ) 11,387 Weatherford Shareholders’ Equity 6,172 (1,886 ) 7,528 27,822 (33,464 ) 6,172 Noncontrolling Interests — — — 75 — 75 Total Liabilities and Shareholders’ Equity $ 8,020 $ 11,091 $ 11,142 $ 31,805 $ (44,424 ) $ 17,634 Condensed Consolidating Balance Sheet December 31, 2014 (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Current Assets: Cash and Cash Equivalents $ 1 $ — $ 22 $ 451 $ — $ 474 Other Current Assets 4 12 544 7,524 (614 ) 7,470 Total Current Assets 5 12 566 7,975 (614 ) 7,944 Equity Investments in Affiliates 8,662 10,490 9,730 3,974 (32,856 ) — Intercompany Receivables, Net — — — 10,490 (10,490 ) — Other Assets 5 35 16 10,889 — 10,945 Total Assets $ 8,672 $ 10,537 $ 10,312 $ 33,328 $ (43,960 ) $ 18,889 Current Liabilities: Short-term Borrowings and Current Portion of Long-Term Debt $ — $ 618 $ 6 $ 103 $ — $ 727 Accounts Payable and Other Current Liabilities 43 256 — 3,615 (614 ) 3,300 Total Current Liabilities 43 874 6 3,718 (614 ) 4,027 Long-term Debt — 5,749 911 137 1 6,798 Intercompany Payables, Net 1,666 6,202 2,622 — (10,490 ) — Other Long-term Liabilities 5 82 5 939 — 1,031 Total Liabilities 1,714 12,907 3,544 4,794 (11,103 ) 11,856 Weatherford Shareholders’ Equity 6,958 (2,370 ) 6,768 28,459 (32,857 ) 6,958 Noncontrolling Interests — — — 75 — 75 Total Liabilities and Shareholders’ Equity $ 8,672 $ 10,537 $ 10,312 $ 33,328 $ (43,960 ) $ 18,889 Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2015 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Cash Flows from Operating Activities: Net Income (Loss) $ (607 ) $ 173 $ 787 $ (127 ) $ (816 ) $ (590 ) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities: Charges from Parent or Subsidiary 26 43 68 (137 ) — — Equity in (Earnings) Loss of Affiliates 474 (441 ) (849 ) — 816 — Deferred Income Tax Provision (Benefit) — — (34 ) (157 ) — (191 ) Other Adjustments 84 74 8 864 — 1,030 Net Cash Provided (Used) by Operating Activities (23 ) (151 ) (20 ) 443 — 249 Cash Flows from Investing Activities: Capital Expenditures for Property, Plant and Equipment — — — (411 ) — (411 ) Acquisition of Intellectual Property — — — (3 ) — (3 ) Proceeds from Sale of Assets and Businesses, Net — — — 23 — 23 Net Cash Provided (Used) by Investing Activities — — — (391 ) — (391 ) Cash Flows from Financing Activities: Borrowings (Repayments) Short-term Debt, Net — 496 — (18 ) — 478 Borrowings (Repayments) Long-term Debt, Net — (147 ) (1 ) (13 ) — (161 ) Borrowings (Repayments) Between Subsidiaries, Net 22 (197 ) 21 154 — — Other, Net — — — (15 ) — (15 ) Net Cash Provided (Used) by Financing Activities 22 152 20 108 — 302 Effect of Exchange Rate Changes On Cash and Cash Equivalents — — — (23 ) — (23 ) Net Increase in Cash and Cash Equivalents (1 ) 1 — 137 — 137 Cash and Cash Equivalents at Beginning of Period 1 — 22 451 — 474 Cash and Cash Equivalents at End of Period $ — $ 1 $ 22 $ 588 $ — $ 611 Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2014 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Cash Flows from Operating Activities: Net Income (Loss) $ (186 ) $ 6,987 $ (235 ) $ (8,971 ) $ 2,240 $ (165 ) Adjustments to Reconcile Net Income(Loss) to Net Cash Provided (Used) by Operating Activities: Charges from Parent or Subsidiary 12 (7,326 ) 77 9,057 (1,820 ) — Equity in (Earnings) Loss of Affiliates 144 112 164 — (420 ) — Deferred Income Tax Provision (Benefit) — — — 16 — 16 Other Adjustments 8 (260 ) 10 420 — 178 Net Cash Provided (Used) by Operating Activities (22 ) (487 ) 16 522 — 29 Cash Flows from Investing Activities: Capital Expenditures for Property, Plant and Equipment — — — (662 ) — (662 ) Acquisitions of Businesses, Net of Cash Acquired — — — 17 — 17 Acquisition of Intellectual Property — — — (3 ) — (3 ) Proceeds from Sale of Assets and Businesses, Net — — — 26 — 26 Net Cash Provided (Used) by Investing Activities — — — (622 ) — (622 ) Cash Flows from Financing Activities: Borrowings (Repayments) Short-term Debt, Net — 775 — (37 ) — 738 Borrowings (Repayments) Long-term Debt, Net — — (8 ) (28 ) — (36 ) Borrowings (Repayments) Between Subsidiaries, Net 22 (287 ) 14 251 — — Proceeds from Capital Contributions — — — 22 — 22 Other, Net — — — (2 ) — (2 ) Net Cash Provided (Used) by Financing Activities 22 488 6 206 — 722 Effect of Exchange Rate Changes On Cash and Cash Equivalents — — — 7 — 7 Net Increase in Cash and Cash Equivalents — 1 22 113 — 136 Cash and Cash Equivalents at Beginning of Period — — — 435 — 435 Cash and Cash Equivalents at End of Period $ — $ 1 $ 22 $ 548 $ — $ 571

General (Policies)

General (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	The accompanying unaudited Condensed Consolidated Financial Statements of Weatherford International plc (the “Company”) are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and include all adjustments of a normal recurring nature which, in our opinion, are necessary to present fairly our Condensed Consolidated Balance Sheet at June 30, 2015 and December 31, 2014 , Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2015 and 2014 , and Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014 . When referring to “Weatherford” and using phrases such as “we,” “us,” and “our,” the intent is to refer to Weatherford International plc, a public limited company organized under the law of Ireland, and its subsidiaries as a whole or on a regional basis, depending on the context in which the statements are made. Although we believe the disclosures in these financial statements are adequate, certain information relating to our organization and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted in this Form 10-Q pursuant to U.S. Securities and Exchange Commission (“SEC”) rules and regulations. These financial statements should be read in conjunction with the audited Consolidated Financial Statements for the year ended December 31, 2014 included in our Annual Report on Form 10-K. The results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results expected for the year ending December 31, 2015 . The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported amounts of revenues and expenses during the reporting period, and disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and assumptions, including those related to uncollectible accounts receivable, lower of cost or market of inventories, equity investments, intangible assets and goodwill, property, plant and equipment, income taxes, percentage-of-completion accounting for long-term contracts, self-insurance, foreign currency exchange rates, pension and post-retirement benefit plans, contingencies and share-based compensation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation We consolidate all wholly-owned subsidiaries, controlled joint ventures and variable interest entities where the Company has determined it is the primary beneficiary. Investments in affiliates in which we exercise significant influence over operating and financial policies are accounted for using the equity method. All material intercompany accounts and transactions have been eliminated in consolidation.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In July 2015, the Financial Accounting Standards Board (“FASB”) issued new guidance that requires inventory not measured using either the last in, first out (LIFO) or the retail inventory method to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The new standard will be effective January 1, 2017 and will be applied prospectively. Early adoption is permitted. We are evaluating the impact that this new guidance will have on our Consolidated Financial Statements and related Note disclosures. In April 2015, the FASB issued new guidance related to accounting for fees paid in a cloud computing arrangement. The new standard provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are evaluating the impact, if any, of adopting this new accounting guidance on our Consolidated Financial Statements and related Note disclosures. In April 2015, the FASB issued new guidance related to presentation of debt issue costs. The new standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact this guidance will have on our Consolidated Financial Statements and related Note disclosures. In February 2015, the FASB issued new guidance related to consolidations. The new standard amends the guidelines for determining whether certain legal entities should be consolidated and reduces the number of consolidation models. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact this guidance will have on our Consolidated Financial Statements and related Note disclosures. In May 2014, the FASB issued new guidance intended to change the criteria for recognition of revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective beginning with the first quarter of 2017 and early adoption is not permitted. In April 2015, the FASB proposed a one year deferral of the effective date of the new revenue standard for public and non-public entities reporting under U.S. GAAP and on July 9, 2015, the FASB approved the one year deferral. The effective date of the amended standard will begin in the first quarter of 2018 and the FASB plans to submit its amendment to defer the effective date by the end of the third quarter 2015. We are currently evaluating the impact the adoption of this guidance would have on our Consolidated Financial Statements and related Note disclosures.

New Accounting Pronouncements N

New Accounting Pronouncements New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In July 2015, the Financial Accounting Standards Board (“FASB”) issued new guidance that requires inventory not measured using either the last in, first out (LIFO) or the retail inventory method to be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The new standard will be effective January 1, 2017 and will be applied prospectively. Early adoption is permitted. We are evaluating the impact that this new guidance will have on our Consolidated Financial Statements and related Note disclosures. In April 2015, the FASB issued new guidance related to accounting for fees paid in a cloud computing arrangement. The new standard provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are evaluating the impact, if any, of adopting this new accounting guidance on our Consolidated Financial Statements and related Note disclosures. In April 2015, the FASB issued new guidance related to presentation of debt issue costs. The new standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact this guidance will have on our Consolidated Financial Statements and related Note disclosures. In February 2015, the FASB issued new guidance related to consolidations. The new standard amends the guidelines for determining whether certain legal entities should be consolidated and reduces the number of consolidation models. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. We are currently evaluating the impact this guidance will have on our Consolidated Financial Statements and related Note disclosures. In May 2014, the FASB issued new guidance intended to change the criteria for recognition of revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective beginning with the first quarter of 2017 and early adoption is not permitted. In April 2015, the FASB proposed a one year deferral of the effective date of the new revenue standard for public and non-public entities reporting under U.S. GAAP and on July 9, 2015, the FASB approved the one year deferral. The effective date of the amended standard will begin in the first quarter of 2018 and the FASB plans to submit its amendment to defer the effective date by the end of the third quarter 2015. We are currently evaluating the impact the adoption of this guidance would have on our Consolidated Financial Statements and related Note disclosures.

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges	The following tables present the components of the 2015 Plan and the 2014 Plan restructuring charges by segment for the three and six months ended June 30, 2015 and 2014 . Three Months Ended June 30, 2015 Other Total (Dollars in millions) Severance Restructuring Severance and 2015 Plan Charges Charges Other Charges North America $ 4 $ 17 $ 21 MENA/Asia Pacific 6 23 29 Europe/SSA/Russia 5 9 14 Latin America 3 1 4 Subtotal 18 50 68 Land Drilling Rigs 1 — 1 Corporate and Research and Development — — — Total $ 19 $ 50 $ 69 Three Months Ended June 30, 2014 Other Total (Dollars in millions) Severance Restructuring Severance and 2014 Plan Charges Charges Other Charges North America $ 4 $ 15 $ 19 MENA/Asia Pacific 6 7 13 Europe/SSA/Russia 6 2 8 Latin America 3 1 4 Subtotal 19 25 44 Land Drilling Rigs 1 — 1 Corporate and Research and Development 12 2 14 Total $ 32 $ 27 $ 59 Six Months Ended June 30, 2015 Other Total (Dollars in millions) Severance Restructuring Severance and 2015 Plan Charges Charges Other Charges North America $ 12 $ 17 $ 29 MENA/Asia Pacific 11 24 35 Europe/SSA/Russia 12 9 21 Latin America 15 1 16 Subtotal 50 51 101 Land Drilling Rigs 6 — 6 Corporate and Research and Development 3 — 3 Total $ 59 $ 51 $ 110 Six Months Ended June 30, 2014 Other Total (Dollars in millions) Severance Restructuring Severance and 2014 Plan Charges Charges Other Charges North America $ 13 $ 15 $ 28 MENA/Asia Pacific 10 7 17 Europe/SSA/Russia 21 6 27 Latin America 22 1 23 Subtotal 66 29 95 Land Drilling Rigs 4 — 4 Corporate and Research and Development 28 2 30 Total $ 98 $ 31 $ 129
Schedule of Restructuring Reserve by Type of Cost	The severance and other restructuring charges gave rise to certain liabilities, the components of which are summarized below, and largely relate to the severance accrued as part of both plans that will be paid pursuant to the respective arrangements and statutory requirements. At June 30, 2015 2015 Plan 2014 Plan Total Severance Other Other and Other Severance Restructuring Severance Restructuring Restructuring (Dollars in millions) Liability Liability Liability Liability Liability North America $ 6 $ 4 $ — $ — $ 10 MENA/Asia Pacific 5 — 1 5 11 Europe/SSA/Russia 5 3 — 2 10 Latin America 1 — — — 1 Subtotal 17 7 1 7 32 Land Drilling Rigs — — — — — Corporate and Research and Development — — 5 — 5 Total $ 17 $ 7 $ 6 $ 7 $ 37 The following table presents the restructuring liability activity for the six months ended June 30, 2015 . Six Months Ended June 30, 2015 (Dollars in millions) Accrued Balance at December 31, 2014 Charges Cash Payments Other Accrued Balance at June 30, 2015 2015 Plan: Severance liability $ 53 $ 59 $ (93 ) $ (2 ) $ 17 Other restructuring liability — 6 (2 ) 3 7 2014 Plan: Severance liability 14 — (6 ) (2 ) 6 Other restructuring liability 12 — (3 ) (2 ) 7 Total severance and other restructuring liability $ 79 $ 65 $ (104 ) $ (3 ) $ 37

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Components of Inventory	Inventories, net of reserves, by category were as follows: (Dollars in millions) June 30, 2015 December 31, 2014 Raw materials, components and supplies $ 170 $ 194 Work in process 102 135 Finished goods 2,649 2,758 $ 2,921 $ 3,087

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2015 were as follows: (Dollars in millions) North America MENA/ Asia Pacific Europe/ SSA/ Russia Latin America Land Drilling Rigs Total Balance at December 31, 2014 $ 1,896 $ 195 $ 623 $ 297 $ — $ 3,011 Foreign currency translation adjustments (55 ) (3 ) (3 ) (5 ) — (66 ) Balance at June 30, 2015 $ 1,841 $ 192 $ 620 $ 292 $ — $ 2,945

Short-term Borrowings and Cur30

Short-term Borrowings and Current Portion of Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Components of Short-Term Borrowings	(Dollars in millions) June 30, 2015 December 31, 2014 Commercial paper program $ 198 $ 245 Revolving credit agreement 730 — 364-day term loan facility — 175 Other short-term bank loans 220 257 Total short-term borrowings 1,148 677 Current portion of long-term debt 408 50 Short-term borrowings and current portion of long-term debt $ 1,556 $ 727

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value and Carrying Value of Long-Term Debt	The fair value and carrying value of our senior notes were as follows: (Dollars in millions) June 30, 2015 December 31, 2014 Fair value $ 6,642 $ 6,733 Carrying value 6,497 6,660

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Instruments in Statements of Financial Performance and Financial Position	(Dollars in millions) June 30, 2015 December 31, 2014 Classification Derivative assets not designated as hedges: Foreign currency forward contracts $ 10 $ 12 Other Current Assets Derivative liabilities not designated as hedges: Foreign currency forward contracts (11 ) (17 ) Other Current Liabilities Cross-currency swap contracts — (5 ) Other Liabilities The effect of derivative instruments designated as fair value hedges and those not designated as hedges on the Condensed Consolidated Statements of Operations was as follows: Gain (Loss) Recognized in Income Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2015 2014 2015 2014 Classification Interest rate swaps $ 3 $ 2 $ 5 $ 4 Interest Expense, Net Derivatives not designated as hedges: Foreign currency forward contracts 10 4 (56 ) (7 ) Other, Net Cross-currency swap contracts — (8 ) 13 1 Other, Net

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of Stockholders Equity	The following summarizes our shareholders’ equity activity for the six months ended June 30, 2015 and 2014 : (Dollars in millions) Par Value of Issued Shares Capital In Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Shares Non-controlling Interests Total Shareholders’ Equity Balance at December 31, 2013 $ 775 $ 4,600 $ 3,011 $ (187 ) $ (37 ) $ 41 $ 8,203 Net Income (Loss) — — (186 ) — — 21 (165 ) Other Comprehensive Loss — — — (36 ) — — (36 ) Consolidation of Joint Venture — — — — — 26 26 Dividends Paid to Noncontrolling Interests — — — — — (15 ) (15 ) Change in Common Shares, Treasury Shares and Paid in Capital Associated with Redomestication (778 ) 750 — — 39 — 11 Equity Awards Granted, Vested and Exercised 4 24 — — (2 ) — 26 Balance at June 30, 2014 $ 1 $ 5,374 $ 2,825 $ (223 ) $ — $ 73 $ 8,050 Balance at December 31, 2014 $ 1 $ 5,411 $ 2,427 $ (881 ) $ — $ 75 $ 7,033 Net Income (Loss) — — (607 ) — — 17 (590 ) Other Comprehensive Loss — — — (209 ) — — (209 ) Dividends Paid to Noncontrolling Interests — — — — — (18 ) (18 ) Equity Awards Granted, Vested and Exercised — 30 — — — — 30 Other — — — — — 1 1 Balance at June 30, 2015 $ 1 $ 5,441 $ 1,820 $ (1,090 ) $ — $ 75 $ 6,247
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents the changes in our accumulated other comprehensive income (loss) by component for the six months ended June 30, 2015 and 2014 : (Dollars in millions) Currency Translation Adjustment Defined Benefit Pension Deferred Loss on Derivatives Total Balance at December 31, 2013 $ (140 ) $ (38 ) $ (9 ) $ (187 ) Other comprehensive loss (36 ) — — (36 ) Balance at June 30, 2014 $ (176 ) $ (38 ) $ (9 ) $ (223 ) Balance at December 31, 2014 $ (813 ) $ (57 ) $ (11 ) $ (881 ) Other comprehensive income (loss) before reclassifications (230 ) 20 — (210 ) Reclassifications — 1 — 1 Net activity (230 ) 21 — (209 ) Balance at June 30, 2015 $ (1,043 ) $ (36 ) $ (11 ) $ (1,090 )

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The following discloses basic and diluted weighted average shares outstanding: Three Months Ended June 30, Six Months Ended June 30, (Shares in millions) 2015 2014 2015 2014 Basic and diluted weighted average shares outstanding 778 777 778 776
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table discloses the number of anti-dilutive shares excluded: Three Months Ended June 30, Six Months Ended June 30, (Shares in millions) 2015 2014 2015 2014 Anti-dilutive potential shares due to net loss 3 5 3 5

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	We recognized the following employee share-based compensation expense during the three and six months ended June 30, 2015 and 2014 : Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) 2015 2014 2015 2014 Share-based compensation $ 19 $ 16 $ 34 $ 31 Related tax benefit 4 3 7 6

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Financial information by segment	Financial information by segment is summarized below. Revenues are attributable to countries based on the ultimate destination of the sale of products or performance of services. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our Form 10-K. Three Months Ended June 30, 2015 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 808 $ (92 ) $ 97 MENA/Asia Pacific 516 (17 ) 66 Europe/SSA/Russia 418 65 53 Latin America 463 76 62 Subtotal 2,205 32 278 Land Drilling Rigs 185 4 27 2,390 36 305 Corporate and Research and Development (105 ) 6 Long-Lived Assets Impairment and Other Related Charges (a) (181 ) Equity Investment Impairment (20 ) Restructuring Charges (b) (69 ) Litigation Charges (112 ) Loss on Sale of Businesses, Net (5 ) Other Items (c) (8 ) Total $ 2,390 $ (464 ) $ 311 (a) For the three months ended June 30, 2015 includes asset impairment charges of $124 million , pressure pumping business related charges of $37 million and supply agreement charges related to a non-core business divestiture of $20 million . (b) For the three months ended June 30, 2015 , we recognized restructuring charges of $69 million : $21 million in North America, $29 million in MENA/Asia Pacific, $14 million in Europe/SSA/Russia, $4 million in Latin America, and $1 million in Land Drilling Rigs . (c) The three months ended June 30, 2015 includes professional fees of $3 million related to the divestiture of non-core businesses, facility closure fees of $3 million , restatement related litigation, post-settlement monitor and auditor expenses and other charges of $2 million . Certain leased equipment of our Land Drilling Rigs and North America pressure pumping business includes contractual residual value guarantees at June 30, 2015. We maintain a liability of $80 million related to these guarantees, of which $46 million is recorded as “Other Current Liabilities” and $34 million as “Other Non-Current Liabilities” on our Condensed Consolidated Balance Sheets. Certain of our supply agreements contain minimum purchase commitments and we maintain a liability at June 30, 2015, of $63 million , of which $50 million is recorded as “Other Current Liabilities” and $13 million as “Other Non-Current Liabilities” on our Condensed Consolidated Balance Sheets. Three Months Ended June 30, 2014 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 1,659 $ 244 $ 107 MENA/Asia Pacific 579 61 71 Europe/SSA/Russia 561 105 57 Latin America 518 76 61 Subtotal 3,317 486 296 Land Drilling Rigs 394 4 54 3,711 490 350 Corporate and Research and Development (120 ) 5 Long-Lived Assets Impairment (143 ) Goodwill Impairment (125 ) Restructuring Charges (d) (59 ) Other Items (e) (18 ) Total $ 3,711 $ 25 $ 355 (d) For the three months ended June 30, 2014 , we recognized restructuring charges of $59 million : $19 million in North America, $13 million in MENA/Asia Pacific, $8 million in Europe/SSA/Russia, $4 million in Latin America, $1 million in Land Drilling Rigs and $14 million in Corporate and Research and Development. (e) The three months ended June 30, 2014 includes professional fees related to the divestiture of our non-core businesses, restatement related litigation, the settlement of the U.S. government investigations and our redomestication from Switzerland to Ireland. Six Months Ended June 30, 2015 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 1,971 $ (102 ) $ 202 MENA/Asia Pacific 1,049 43 131 Europe/SSA/Russia 835 136 103 Latin America 949 174 123 Subtotal 4,804 251 559 Land Drilling Rigs 380 14 56 5,184 265 615 Corporate and Research and Development (225 ) 12 Long-Lived Assets Impairment and Other Related Charges (a) (191 ) Equity Investment Impairment (20 ) Restructuring Charges (b) (110 ) Litigation Charges (112 ) Loss on Sale of Businesses, Net (2 ) Other Items (c) (19 ) Total $ 5,184 $ (414 ) $ 627 (a) The six months ended June 30, 2015 includes asset impairment charges of $124 million , pressure pumping business related charges of $37 million and supply agreement charges related to a non-core business divestiture of $30 million . (b) For the six months ended June 30, 2015 , we recognized restructuring charges of $110 million : $29 million in North America, $35 million in MENA/Asia Pacific, $21 million in Europe/SSA/Russia, $16 million in Latin America, $6 million in Land Drilling Rigs and $3 million in Corporate and Research and Development. (c) The six months ended June 30, 2015 includes professional fees of $5 million related to the divestiture of our non-core businesses, facility closure fees of $3 million , restatement related litigation, post-settlement monitor and auditor expenses and other charges of $11 million . Six Months Ended June 30, 2014 (Dollars in millions) Net Operating Revenues Income from Operations Depreciation and Amortization North America $ 3,269 $ 440 $ 214 MENA/Asia Pacific 1,198 66 143 Europe/SSA/Russia 1,077 183 111 Latin America 1,027 166 119 Subtotal 6,571 855 587 Land Drilling Rigs 736 (23 ) 108 7,307 832 695 Corporate and Research and Development (236 ) 11 Long-Lived Assets Impairment (143 ) Goodwill Impairment (125 ) Restructuring Charges (d) (129 ) Other Items (e) (44 ) Total $ 7,307 $ 155 $ 706 (d) For the six months ended June 30, 2014 , we recognized restructuring charges of $129 million : $28 million in North America, $17 million in MENA/Asia Pacific, $27 million in Europe/SSA/Russia, $23 million in Latin America, $4 million in Land Drilling Rigs and $30 million in Corporate and Research and Development. (e) The six months ended June 30, 2014 included professional fees of $40 million related to the divestiture of our non-core businesses, restatement related litigation, the settlement of the U.S. government investigations, the remediation of our material weakness related to income taxes and our recently completed redomestication from Switzerland to Ireland and other charges of $4 million .

Condensed Consolidating Finan37

Condensed Consolidating Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 30, 2015 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Revenues $ — $ — $ — $ 2,390 $ — $ 2,390 Costs and Expenses (100 ) (4 ) — (2,750 ) — (2,854 ) Operating Income (Loss) (100 ) (4 ) — (360 ) — (464 ) Other Income (Expense): Interest Expense, Net — (98 ) (15 ) (4 ) — (117 ) Intercompany Charges, Net (26 ) (28 ) (68 ) 122 — — Equity in Subsidiary Income (363 ) 366 874 — (877 ) — Other, Net — 1 — (35 ) — (34 ) Income (Loss) Before Income Taxes (489 ) 237 791 (277 ) (877 ) (615 ) (Provision) Benefit for Income Taxes — — 29 103 — 132 Net Income (Loss) (489 ) 237 820 (174 ) (877 ) (483 ) Noncontrolling Interests — — — 6 — 6 Net Income (Loss) Attributable to Weatherford $ (489 ) $ 237 $ 820 $ (180 ) $ (877 ) $ (489 ) Comprehensive Income (Loss) Attributable to Weatherford $ (375 ) $ 263 $ 843 $ (66 ) $ (1,040 ) $ (375 ) Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 30, 2014 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Revenues $ — $ — $ — $ 3,711 $ — $ 3,711 Costs and Expenses (9 ) (1 ) — (3,676 ) — (3,686 ) Operating Income (Loss) (9 ) (1 ) — 35 — 25 Other Income (Expense): Interest Expense, Net — (106 ) (14 ) (8 ) — (128 ) Intercompany Charges, Net (12 ) (22 ) (77 ) (1,709 ) 1,820 — Equity in Subsidiary Income (123 ) (192 ) (175 ) — 490 — Other, Net — (11 ) (1 ) (7 ) — (19 ) Income (Loss) Before Income Taxes (144 ) (332 ) (267 ) (1,689 ) 2,310 (122 ) (Provision) Benefit for Income Taxes (1 ) — 31 (41 ) — (11 ) Net Income (Loss) (145 ) (332 ) (236 ) (1,730 ) 2,310 (133 ) Noncontrolling Interests — — — 12 — 12 Net Income (Loss) Attributable to Weatherford $ (145 ) $ (332 ) $ (236 ) $ (1,742 ) $ 2,310 $ (145 ) Comprehensive Income (Loss) Attributable to Weatherford $ 21 $ (182 ) $ (100 ) $ (1,539 ) $ 1,821 $ 21
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet June 30, 2015 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Current Assets: Cash and Cash Equivalents $ — $ 1 $ 22 $ 588 $ — $ 611 Other Current Assets 5 — 543 6,509 (604 ) 6,453 Total Current Assets 5 1 565 7,097 (604 ) 7,064 Equity Investments in Affiliates 8,011 11,057 10,528 3,868 (33,464 ) — Intercompany Receivables, Net — — — 10,356 (10,356 ) — Other Assets 4 33 49 10,484 — 10,570 Total Assets $ 8,020 $ 11,091 $ 11,142 $ 31,805 $ (44,424 ) $ 17,634 Current Liabilities: Short-term Borrowings and Current Portion of Long-Term Debt $ — $ 1,464 $ 6 $ 86 $ — $ 1,556 Accounts Payable and Other Current Liabilities 137 236 — 2,812 (604 ) 2,581 Total Current Liabilities 137 1,700 6 2,898 (604 ) 4,137 Long-term Debt — 5,238 908 122 — 6,268 Intercompany Payables, Net 1,699 5,962 2,695 — (10,356 ) — Other Long-term Liabilities 12 77 5 888 — 982 Total Liabilities 1,848 12,977 3,614 3,908 (10,960 ) 11,387 Weatherford Shareholders’ Equity 6,172 (1,886 ) 7,528 27,822 (33,464 ) 6,172 Noncontrolling Interests — — — 75 — 75 Total Liabilities and Shareholders’ Equity $ 8,020 $ 11,091 $ 11,142 $ 31,805 $ (44,424 ) $ 17,634 Condensed Consolidating Balance Sheet December 31, 2014 (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Current Assets: Cash and Cash Equivalents $ 1 $ — $ 22 $ 451 $ — $ 474 Other Current Assets 4 12 544 7,524 (614 ) 7,470 Total Current Assets 5 12 566 7,975 (614 ) 7,944 Equity Investments in Affiliates 8,662 10,490 9,730 3,974 (32,856 ) — Intercompany Receivables, Net — — — 10,490 (10,490 ) — Other Assets 5 35 16 10,889 — 10,945 Total Assets $ 8,672 $ 10,537 $ 10,312 $ 33,328 $ (43,960 ) $ 18,889 Current Liabilities: Short-term Borrowings and Current Portion of Long-Term Debt $ — $ 618 $ 6 $ 103 $ — $ 727 Accounts Payable and Other Current Liabilities 43 256 — 3,615 (614 ) 3,300 Total Current Liabilities 43 874 6 3,718 (614 ) 4,027 Long-term Debt — 5,749 911 137 1 6,798 Intercompany Payables, Net 1,666 6,202 2,622 — (10,490 ) — Other Long-term Liabilities 5 82 5 939 — 1,031 Total Liabilities 1,714 12,907 3,544 4,794 (11,103 ) 11,856 Weatherford Shareholders’ Equity 6,958 (2,370 ) 6,768 28,459 (32,857 ) 6,958 Noncontrolling Interests — — — 75 — 75 Total Liabilities and Shareholders’ Equity $ 8,672 $ 10,537 $ 10,312 $ 33,328 $ (43,960 ) $ 18,889
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2015 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Cash Flows from Operating Activities: Net Income (Loss) $ (607 ) $ 173 $ 787 $ (127 ) $ (816 ) $ (590 ) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities: Charges from Parent or Subsidiary 26 43 68 (137 ) — — Equity in (Earnings) Loss of Affiliates 474 (441 ) (849 ) — 816 — Deferred Income Tax Provision (Benefit) — — (34 ) (157 ) — (191 ) Other Adjustments 84 74 8 864 — 1,030 Net Cash Provided (Used) by Operating Activities (23 ) (151 ) (20 ) 443 — 249 Cash Flows from Investing Activities: Capital Expenditures for Property, Plant and Equipment — — — (411 ) — (411 ) Acquisition of Intellectual Property — — — (3 ) — (3 ) Proceeds from Sale of Assets and Businesses, Net — — — 23 — 23 Net Cash Provided (Used) by Investing Activities — — — (391 ) — (391 ) Cash Flows from Financing Activities: Borrowings (Repayments) Short-term Debt, Net — 496 — (18 ) — 478 Borrowings (Repayments) Long-term Debt, Net — (147 ) (1 ) (13 ) — (161 ) Borrowings (Repayments) Between Subsidiaries, Net 22 (197 ) 21 154 — — Other, Net — — — (15 ) — (15 ) Net Cash Provided (Used) by Financing Activities 22 152 20 108 — 302 Effect of Exchange Rate Changes On Cash and Cash Equivalents — — — (23 ) — (23 ) Net Increase in Cash and Cash Equivalents (1 ) 1 — 137 — 137 Cash and Cash Equivalents at Beginning of Period 1 — 22 451 — 474 Cash and Cash Equivalents at End of Period $ — $ 1 $ 22 $ 588 $ — $ 611 Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2014 (Unaudited) (Dollars in millions) Weatherford Ireland Weatherford Bermuda Weatherford Delaware Other Subsidiaries Eliminations Consolidation Cash Flows from Operating Activities: Net Income (Loss) $ (186 ) $ 6,987 $ (235 ) $ (8,971 ) $ 2,240 $ (165 ) Adjustments to Reconcile Net Income(Loss) to Net Cash Provided (Used) by Operating Activities: Charges from Parent or Subsidiary 12 (7,326 ) 77 9,057 (1,820 ) — Equity in (Earnings) Loss of Affiliates 144 112 164 — (420 ) — Deferred Income Tax Provision (Benefit) — — — 16 — 16 Other Adjustments 8 (260 ) 10 420 — 178 Net Cash Provided (Used) by Operating Activities (22 ) (487 ) 16 522 — 29 Cash Flows from Investing Activities: Capital Expenditures for Property, Plant and Equipment — — — (662 ) — (662 ) Acquisitions of Businesses, Net of Cash Acquired — — — 17 — 17 Acquisition of Intellectual Property — — — (3 ) — (3 ) Proceeds from Sale of Assets and Businesses, Net — — — 26 — 26 Net Cash Provided (Used) by Investing Activities — — — (622 ) — (622 ) Cash Flows from Financing Activities: Borrowings (Repayments) Short-term Debt, Net — 775 — (37 ) — 738 Borrowings (Repayments) Long-term Debt, Net — — (8 ) (28 ) — (36 ) Borrowings (Repayments) Between Subsidiaries, Net 22 (287 ) 14 251 — — Proceeds from Capital Contributions — — — 22 — 22 Other, Net — — — (2 ) — (2 ) Net Cash Provided (Used) by Financing Activities 22 488 6 206 — 722 Effect of Exchange Rate Changes On Cash and Cash Equivalents — — — 7 — 7 Net Increase in Cash and Cash Equivalents — 1 22 113 — 136 Cash and Cash Equivalents at Beginning of Period — — — 435 — 435 Cash and Cash Equivalents at End of Period $ — $ 1 $ 22 $ 548 $ — $ 571

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Jul. 31, 2014
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				$ 0	$ (17)
Gain on Sale of Businesses		$ (5)	$ 0	(2)	0
Long-Lived Assets Impairment and Other Related Charges		181	143	191	143
Goodwill and Equity Investment Impairment		20	125	20	$ 125
Joint Venture in China
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	30.00%
Payments to Acquire Businesses, Net of Cash Acquired	$ 13
Equity Method Investment, Ownership Percentage	45.00%
Noncontrolling Interest, Ownership Percentage by Parent	75.00%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	$ 16
Goodwill, Acquired During Period	6
Cash Acquired from Acquisition	$ 30
Company that Designs and Produces Well Completion Tools
Business Acquisition [Line Items]
Contingent consideration arrangement		$ 12		$ 12		$ 3
Pipeline and Specialty Services Business
Business Acquisition [Line Items]
Disposal Group, Including Discontinued Operation, Consideration						246
Disposal Group, Including Discontinued Operation, Expenses to Dispose Group						245
Disposal Group, Held-for-sale, Not Discontinued Operations
Business Acquisition [Line Items]
Gain on Sale of Businesses						$ 49
Land Drilling and Workover Rig Operations
Business Acquisition [Line Items]
Disposal Group, Including Discontinued Operation, Consideration							$ 499
Disposal Group, Including Discontinued Operation, Expenses to Dispose Group							$ 486
Long-Lived Assets Impairment and Other Related Charges			143
Goodwill and Equity Investment Impairment			121
Goodwill Impairment (classified as Assets Held For Sale)			$ 95

General Devaluation of Venezuel

General Devaluation of Venezuelan Bolivar (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015USD ($)	Mar. 31, 2015unit	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Number of Reportable Segments | unit		5
Foreign Exchange Related Charges	$ 16		$ 0	$ 42	$ 0
VENEZUELA
Net Monetary Asset Position	7			7
ANGOLA [Member]
Net Monetary Asset Position	$ 124			124
Angola, Kwanza
Foreign Exchange Related Charges				16
Foreign Currency Devaluation, Percent	11.00%
Venezuelan bolívar fuerte
Foreign Exchange Related Charges				$ 26

Restructuring Charges (Narrativ

Restructuring Charges (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	$ 69	$ 59	$ 110	$ 129
2015 Plan
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	69		110
2015 Plan | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	50		51
2015 Plan | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	19		59
2014 Plan
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		59		129
2014 Plan | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		27		31
2014 Plan | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		$ 32		$ 98
YEMEN | 2015 Plan | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Asset Impairment Charges	23		23
Other Countries [Member] | 2015 Plan | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Asset Impairment Charges	$ 22		$ 22

Restructuring Charges (Restruct

Restructuring Charges (Restructuring Charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	$ 69	$ 59	$ 110	$ 129
2015 Plan
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	69		110
2015 Plan | Corporate and Research and Development [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	0		3
2015 Plan | North America [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	21		29
2015 Plan | MENA/ Asia Pacific [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	29		35
2015 Plan | Europe/ SSA/ Russia [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	14		21
2015 Plan | Latin America [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	4		16
2015 Plan | Core Regional Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	68		101
2015 Plan | Land Drilling Rigs [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	1		6
2015 Plan | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	50		51
2015 Plan | Other Restructuring [Member] | Corporate and Research and Development [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	0		0
2015 Plan | Other Restructuring [Member] | North America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	17		17
2015 Plan | Other Restructuring [Member] | MENA/ Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	23		24
2015 Plan | Other Restructuring [Member] | Europe/ SSA/ Russia [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	9		9
2015 Plan | Other Restructuring [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	1		1
2015 Plan | Other Restructuring [Member] | Core Regional Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	50		51
2015 Plan | Other Restructuring [Member] | Land Drilling Rigs [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	0		0
2015 Plan | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	19		59
2015 Plan | Employee Severance [Member] | Corporate and Research and Development [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	0		3
2015 Plan | Employee Severance [Member] | North America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	4		12
2015 Plan | Employee Severance [Member] | MENA/ Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	6		11
2015 Plan | Employee Severance [Member] | Europe/ SSA/ Russia [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	5		12
2015 Plan | Employee Severance [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	3		15
2015 Plan | Employee Severance [Member] | Core Regional Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	18		50
2015 Plan | Employee Severance [Member] | Land Drilling Rigs [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges	$ 1		$ 6
2014 Plan
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		59		129
2014 Plan | Corporate and Research and Development [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		14		30
2014 Plan | North America [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		19		28
2014 Plan | MENA/ Asia Pacific [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		13		17
2014 Plan | Europe/ SSA/ Russia [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		8		27
2014 Plan | Latin America [Member] | Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		4		23
2014 Plan | Core Regional Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		44		95
2014 Plan | Land Drilling Rigs [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		1		4
2014 Plan | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		27		31
2014 Plan | Other Restructuring [Member] | Corporate and Research and Development [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		2		2
2014 Plan | Other Restructuring [Member] | North America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		15		15
2014 Plan | Other Restructuring [Member] | MENA/ Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		7		7
2014 Plan | Other Restructuring [Member] | Europe/ SSA/ Russia [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		2		6
2014 Plan | Other Restructuring [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		1		1
2014 Plan | Other Restructuring [Member] | Core Regional Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		25		29
2014 Plan | Other Restructuring [Member] | Land Drilling Rigs [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		0		0
2014 Plan | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		32		98
2014 Plan | Employee Severance [Member] | Corporate and Research and Development [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		12		28
2014 Plan | Employee Severance [Member] | North America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		4		13
2014 Plan | Employee Severance [Member] | MENA/ Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		6		10
2014 Plan | Employee Severance [Member] | Europe/ SSA/ Russia [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		6		21
2014 Plan | Employee Severance [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		3		22
2014 Plan | Employee Severance [Member] | Core Regional Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		19		66
2014 Plan | Employee Severance [Member] | Land Drilling Rigs [Member]
Restructuring Cost and Reserve [Line Items]
Severance, asset impairment and other restructuring charges		$ 1		$ 4

Restructuring Charges (Restru42

Restructuring Charges (Restructuring Liability) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Severance and Other Restructuring Liabilities [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at beginning of period	$ 79
Restructuring Charges	65
Cash Payments	(104)
Other	(3)
Accrued balance at end of period	37
Severance and Other Restructuring Liabilities [Member] | Corporate and Research and Development [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	5
Severance and Other Restructuring Liabilities [Member] | North America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	10
Severance and Other Restructuring Liabilities [Member] | MENA/ Asia Pacific [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	11
Severance and Other Restructuring Liabilities [Member] | Europe/ SSA/ Russia [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	10
Severance and Other Restructuring Liabilities [Member] | Latin America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	1
Severance and Other Restructuring Liabilities [Member] | Core Regional Segments [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	32
Severance and Other Restructuring Liabilities [Member] | Drilling Rigs [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2015 Plan | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at beginning of period	53
Restructuring Charges	59
Cash Payments	(93)
Other	(2)
Accrued balance at end of period	17
2015 Plan | Employee Severance [Member] | Corporate and Research and Development [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2015 Plan | Employee Severance [Member] | North America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	6
2015 Plan | Employee Severance [Member] | MENA/ Asia Pacific [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	5
2015 Plan | Employee Severance [Member] | Europe/ SSA/ Russia [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	5
2015 Plan | Employee Severance [Member] | Latin America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	1
2015 Plan | Employee Severance [Member] | Core Regional Segments [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	17
2015 Plan | Employee Severance [Member] | Drilling Rigs [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2015 Plan | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at beginning of period	0
Restructuring Charges	6
Cash Payments	(2)
Other	3
Accrued balance at end of period	7
2015 Plan | Other Restructuring [Member] | Corporate and Research and Development [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2015 Plan | Other Restructuring [Member] | North America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	4
2015 Plan | Other Restructuring [Member] | MENA/ Asia Pacific [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2015 Plan | Other Restructuring [Member] | Europe/ SSA/ Russia [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	3
2015 Plan | Other Restructuring [Member] | Latin America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2015 Plan | Other Restructuring [Member] | Core Regional Segments [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	7
2015 Plan | Other Restructuring [Member] | Drilling Rigs [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at beginning of period	14
Restructuring Charges	0
Cash Payments	(6)
Other	(2)
Accrued balance at end of period	6
2014 Plan | Employee Severance [Member] | Corporate and Research and Development [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	5
2014 Plan | Employee Severance [Member] | North America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Employee Severance [Member] | MENA/ Asia Pacific [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	1
2014 Plan | Employee Severance [Member] | Europe/ SSA/ Russia [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Employee Severance [Member] | Latin America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Employee Severance [Member] | Core Regional Segments [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	1
2014 Plan | Employee Severance [Member] | Drilling Rigs [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at beginning of period	12
Restructuring Charges	0
Cash Payments	(3)
Other	(2)
Accrued balance at end of period	7
2014 Plan | Other Restructuring [Member] | Corporate and Research and Development [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Other Restructuring [Member] | North America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Other Restructuring [Member] | MENA/ Asia Pacific [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	5
2014 Plan | Other Restructuring [Member] | Europe/ SSA/ Russia [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	2
2014 Plan | Other Restructuring [Member] | Latin America [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	0
2014 Plan | Other Restructuring [Member] | Core Regional Segments [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	7
2014 Plan | Other Restructuring [Member] | Drilling Rigs [Member]
Restructuring Reserve [Roll Forward]
Accrued balance at end of period	$ 0

Percentage of Completion Cont43

Percentage of Completion Contracts (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Billed and Unbilled Contract Claims Subject to Uncertainty [Line Items]
Costs in Excess of Billings, Current	$ 129		$ 129
IRAQ
Billed and Unbilled Contract Claims Subject to Uncertainty [Line Items]
Estimated loss on long term construction contract	406	$ 335	406	$ 335
Accounts Receivable, Unapproved Contract Claims	137	21	137	21
Deductions (Back Charges)	21		21
Loss on Contracts	$ 69	2	$ 27	28
Contracts Revenue		$ 0		$ 28

Inventories, Net (Schedule of I

Inventories, Net (Schedule of Inventory) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw materials, components and supplies	$ 170	$ 194
Work in process	102	135
Finished goods	2,649	2,758
Total Inventory	$ 2,921	$ 3,087

Long-Lived Asset Impairments (D

Long-Lived Asset Impairments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Abstract]
Long-Lived Assets Impairment			$ 124	$ 143
Long-Lived Assets Impairment and Other Related Charges	$ 181	$ 143	191	143
Goodwill and Equity Investment Impairment			$ 20	$ 125

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill [Line Items]
Goodwill and Equity Investment Impairment	$ 20	$ 125	$ 20	$ 125
Goodwill [Roll Forward]
Balance at December 31, 2014			3,011
Foreign currency translation adjustments			(66)
Balance at June 30, 2015	2,945		2,945
North America [Member]
Goodwill [Roll Forward]
Balance at December 31, 2014			1,896
Foreign currency translation adjustments			(55)
Balance at June 30, 2015	1,841		1,841
MENA/ Asia Pacific [Member]
Goodwill [Roll Forward]
Balance at December 31, 2014			195
Foreign currency translation adjustments			(3)
Balance at June 30, 2015	192		192
Europe/ SSA/ Russia [Member]
Goodwill [Roll Forward]
Balance at December 31, 2014			623
Foreign currency translation adjustments			(3)
Balance at June 30, 2015	620		620
Latin America [Member]
Goodwill [Roll Forward]
Balance at December 31, 2014			297
Foreign currency translation adjustments			(5)
Balance at June 30, 2015	$ 292		292
Land Drilling Rigs [Member]
Goodwill [Roll Forward]
Balance at December 31, 2014			0
Foreign currency translation adjustments			$ 0
Land Drilling and Workover Rig Operations
Goodwill [Line Items]
Goodwill and Equity Investment Impairment		$ 121

Short-term Borrowings and Cur47

Short-term Borrowings and Current Portion of Long-term Debt (Schedule of Short-term Debt) (Details) - USD ($) $ in Millions	May. 02, 2013	Jun. 30, 2015	Apr. 08, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Short-term Debt		$ 1,148		$ 677
Current portion of long-term debt		408		50
Short-term borrowings and current portion of long-term debt		1,556		727
Performance bonds		278
Commercial paper program [Member]
Short-term Debt [Line Items]
Short-term Debt		198		245
Revolving credit facility [Member]
Short-term Debt [Line Items]
Short-term Debt		730		0
364-day term loan facility [Member]
Short-term Debt [Line Items]
Short-term Debt		0	$ 175	175
Debt instrument, term	364 days
Other short-term bank loans [Member]
Short-term Debt [Line Items]
Short-term Debt		$ 220		$ 257

Short-term Borrowings and Cur48

Short-term Borrowings and Current Portion of Long-term Debt (Narrative) (Details) - USD ($)	May. 02, 2013	Jun. 30, 2015	Mar. 31, 2015	Apr. 09, 2015	Dec. 31, 2014	Apr. 08, 2015	Apr. 30, 2014
Short-term Debt [Line Items]
Credit agreement, maximum capacity		$ 1,300,000,000
Short-term Debt		1,148,000,000			$ 677,000,000
Performance bonds		278,000,000
Revolving credit facility [Member]
Short-term Debt [Line Items]
Credit agreement, maximum capacity		2,250,000,000
Short-term Debt		730,000,000			0
Commercial paper program and letters of credit [Member]
Short-term Debt [Line Items]
Credit agreement, maximum capacity		2,250,000,000
Commercial paper program [Member]
Short-term Debt [Line Items]
Short-term Debt		198,000,000			245,000,000
Committed letters of credit [Member]
Short-term Debt [Line Items]
Letters of credit outstanding, amount		16,000,000
364-day term loan facility [Member]
Short-term Debt [Line Items]
Credit agreement, maximum capacity							$ 400,000,000
Short-term Debt		0			$ 175,000,000	$ 175,000,000
Debt instrument, term	364 days
Domestic and foreign facility [Member]
Short-term Debt [Line Items]
Short term borrowings		220,000,000
Uncommitted letters of credit [Member]
Short-term Debt [Line Items]
Letters of credit outstanding, amount		$ 549,000,000
Maximum [Member] | Revolving credit facility [Member]
Short-term Debt [Line Items]
Ratio of indebtedness to net capital percent required		0.6
Bi-Lateral Revolver Debt [Member] | Domestic and foreign facility [Member]
Short-term Debt [Line Items]
Short term borrowings		$ 180,000,000
London Interbank Offered Rate (LIBOR) [Member] | Domestic and foreign facility [Member]
Short-term Debt [Line Items]
Interest rate at period end		1.73%
Extinguishment of Debt Senior Notes [Member] | Senior Notes, 5.50% due 2016 [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		5.50%
Extinguishment of Debt Senior Notes [Member] | Extinguishment of Debt Senior Notes [Member]
Short-term Debt [Line Items]
Long-term Debt			$ 160,000,000
Gain (Loss) on Repurchase of Debt Instrument		$ 0	$ 12,000,000
Weatherford Delaware [Member] | 364-day term loan facility [Member]
Short-term Debt [Line Items]
Debt instrument, term				364 days
Weatherford Delaware [Member] | Extinguishment of Debt Senior Notes [Member]
Short-term Debt [Line Items]
Debt instrument, term					364 days
Weatherford Delaware [Member] | Extinguishment of Debt Senior Notes [Member] | Senior Notes, 5.50% due 2016 [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		5.50%			5.50%
Weatherford Delaware [Member] | Extinguishment of Debt Senior Notes [Member] | Senior Notes, 4.50% due 2022 [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		4.50%			4.50%
Weatherford Delaware [Member] | Extinguishment of Debt Senior Notes [Member] | Senior Notes, 5.95% due 2042 [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		5.95%			5.95%
Weatherford Delaware [Member] | Extinguishment of Debt Senior Notes [Member] | Senior Notes, 6.50% due 2036 [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.50%			6.50%
Weatherford Delaware [Member] | Extinguishment of Debt Senior Notes [Member] | Senior Notes, 6.75% due 2040 [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.75%			6.75%
Tranche One [Member] | Bi-Lateral Revolver Debt [Member] | Domestic and foreign facility [Member]
Short-term Debt [Line Items]
Short term borrowings		$ 150,000,000
Tranche Two [Member] [Member] | Bi-Lateral Revolver Debt [Member] | Domestic and foreign facility [Member]
Short-term Debt [Line Items]
Short term borrowings		$ 30,000,000

Fair Value of Financial Instr49

Fair Value of Financial Instruments (Details) - Senior Notes [Member] - Level 2 [Member] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 6,642	$ 6,733
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 6,497	$ 6,660

Derivative Instruments (Schedul

Derivative Instruments (Schedule of Derivatives - Balance Sheet) (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Foreign currency forward contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, fair value, gross	$ 10	$ 12
Foreign currency forward contracts [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross	(11)	(17)
Cross-currency swap contracts [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value, gross	$ 0	$ (5)

Derivative Instruments (Sched51

Derivative Instruments (Schedule of Derivatives - Income Statement) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income		$ 13
Interest rate swap [Member] | Interest Expense, Net [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income	$ 3		$ 2	$ 5	$ 4
Foreign currency forward contracts [Member] | Other, Net [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income	10		4	(56)	(7)
Cross-currency swap contracts [Member] | Other, Net [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income	$ 0		$ (8)	$ 13	$ 1

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Gain (loss) on derivative	$ 13,000,000
Proceeds from Derivative Instrument, Financing Activities	$ 8,000,000
Foreign currency forward contracts [Member]
Derivative [Line Items]
Notional amount		$ 1,363,000,000	$ 1,600,000,000
Cross-currency swap contracts [Member]
Derivative [Line Items]
Notional amount			$ 168,000,000
Fair Value Hedging [Member] | Interest rate swap [Member]
Derivative [Line Items]
Deferred (gain) loss on discontinuation of fair value hedge		$ (28,000,000)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2016
(Provision) Benefit for Income Taxes	$ 132	$ (11)	$ 132	$ (38)
Income (Loss) Before Income Taxes	(615)	(122)	(722)	(127)
Restructuring Charges	69	59	110	129
Foreign Exchange Related Charges	16	0	42	0
Discrete income before tax				177
Long-Lived Assets Impairment and Other Related Charges	181	143	191	143
Goodwill and Equity Investment Impairment	20	125	20	125
Litigation Charges	112	0	112	0
Scenario, Forecast [Member]
Uncertain tax positions, estimated for next twelve months					$ (19)
IRAQ
Loss on Contracts	$ 69	2	$ 27	$ 28
Land Drilling and Workover Rig Operations
Long-Lived Assets Impairment and Other Related Charges		143
Goodwill and Equity Investment Impairment		$ 121

Shareholders' Equity (Sharehold

Shareholders' Equity (Shareholders' Equity Activity) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance		$ 7,033		$ 7,033	$ 8,203
Net Income (Loss)	$ (483)		$ (133)	(590)	(165)
Other Comprehensive Loss	114		166	(209)	(36)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable					26
Dividends Paid to Noncontrolling Interests				(18)	(15)
Change in Common Shares Associated with Redomestication					11
Equity Awards Granted, Vested and Exercised				30	26
Other				1
Balance, ending balance	6,247		8,050	6,247	8,050
Par Value of Issued Shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance		1		1	775
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable					0
Change in Common Shares Associated with Redomestication					$ (778)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures					4
Equity Awards Granted, Vested and Exercised				0
Balance, ending balance	1		1	1	$ 1
Capital in Excess of Par Value [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance		5,411		5,411	4,600
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable					0
Change in Common Shares Associated with Redomestication					750
Equity Awards Granted, Vested and Exercised				30	24
Other				0
Balance, ending balance	5,441		5,374	5,441	5,374
Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance	1,820	2,427		2,427	3,011
Net Income (Loss)		(607)			(186)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable					0
Change in Common Shares Associated with Redomestication					0
Equity Awards Granted, Vested and Exercised					0
Balance, ending balance		1,820	2,825		2,825
Accumulated Other Comprehensive Income (Loss) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance		(881)		(881)	(187)
Other Comprehensive Loss				(209)	(36)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable					0
Change in Common Shares Associated with Redomestication					0
Equity Awards Granted, Vested and Exercised					0
Balance, ending balance	(1,090)		(223)	(1,090)	(223)
Treasury Shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance		0		0	(37)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable					0
Change in Common Shares Associated with Redomestication					39
Equity Awards Granted, Vested and Exercised				0	(2)
Balance, ending balance	0		0	0	0
Noncontrolling Interests [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning balance		$ 75		75	41
Net Income (Loss)				17	21
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable					26
Dividends Paid to Noncontrolling Interests				(18)	(15)
Change in Common Shares Associated with Redomestication					0
Equity Awards Granted, Vested and Exercised					0
Other				1
Balance, ending balance	$ 75		$ 73	$ 75	$ 73

Shareholders' Equity (Changes i

Shareholders' Equity (Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			$ (881)	$ (187)
Other comprehensive loss			(210)	(36)
Reclassifications			1
Other Comprehensive Income (Loss)	$ 114	$ 166	(209)	(36)
Ending balance	(1,090)	(223)	(1,090)	(223)
Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(813)	(140)
Other comprehensive loss			(230)	(36)
Reclassifications			0
Other Comprehensive Income (Loss)			(230)
Ending balance	(1,043)	(176)	(1,043)	(176)
Defined Benefit Pension [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(57)	(38)
Other comprehensive loss			20	0
Reclassifications			1
Other Comprehensive Income (Loss)			21
Ending balance	(36)	(38)	(36)	(38)
Deferred Loss on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(11)	(9)
Other comprehensive loss			0	0
Reclassifications			0
Other Comprehensive Income (Loss)			0
Ending balance	$ (11)	$ (9)	$ (11)	$ (9)

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2014SFr / sharesshares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Common Shares, Authorized (in shares) | shares	1,356,000,000	1,356,000,000
Common Shares, Par Value (in USD and CHF per share, respectively) | (per share)	$ 0.001	SFr 0.001
Common Shares, Issued (in shares) | shares	775,000,000	774,000,000
Reclassifications from AOCI	$ (1)
Accumulated Translation Adjustment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reclassifications from AOCI	$ 0

Earnings per Share (Weighted Av

Earnings per Share (Weighted Average Shares Outstanding) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Basic and diluted weighted average shares outstanding	778	777	778	776

Earnings per Share (Antidilutiv

Earnings per Share (Antidilutive Shares) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Anti-dilutive potential shares due to net loss	3	5	3	5

Share-Based Compensation (Sched

Share-Based Compensation (Schedule of Share-based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation	$ 19	$ 16	$ 34	$ 31
Related tax benefit	$ 4	$ 3	$ 7	$ 6

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - Jun. 30, 2015 - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Total
Performance units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1.6
Weighted-average grant date fair value (in dollars per share)	$ 10.45
Fair value, risk-free rate	0.51%
Fair value, volatility rate	46.10%
Fair value, dividend yield	0.00%
Unrecognized compensation expense	$ 20
Unrecognized compensation expense, recognition period	2 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	6.3
Weighted-average grant date fair value (in dollars per share)	$ 12.90
Unrecognized compensation expense	$ 120
Unrecognized compensation expense, recognition period	2 years

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net Operating Revenues	$ 2,390		$ 3,711		$ 5,184	$ 7,307
Income from Operations	(464)		25		(414)	155
Depreciation and Amortization	311		355		627	706
Long-Lived Assets Impairment and Other Related Charges	181		143		191	143
Research and Development Expense	(59)		(75)		(123)	(144)
Restructuring Charges	69		59		110	129
Litigation Charges	(112)		0		(112)	0
Gain on Sale of Businesses	(5)		0		(2)	0
Assets	17,634				17,634		$ 18,889
Goodwill, Impairment Loss	(20)		(125)		(20)	(125)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net Operating Revenues	2,390		3,711		5,184	7,307
Income from Operations	36		490		265	832
Depreciation and Amortization	305		350		615	695
Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Net Operating Revenues	808		1,659		1,971	3,269
Income from Operations	(92)		244		(102)	440
Depreciation and Amortization	97		107		202	214
Operating Segments [Member] | MENA/ Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net Operating Revenues	516		579		1,049	1,198
Income from Operations	(17)		61		43	66
Depreciation and Amortization	66		71		131	143
Operating Segments [Member] | Europe/ SSA/ Russia [Member]
Segment Reporting Information [Line Items]
Net Operating Revenues	418		561		835	1,077
Income from Operations	65		105		136	183
Depreciation and Amortization	53		57		103	111
Operating Segments [Member] | Latin America [Member]
Segment Reporting Information [Line Items]
Net Operating Revenues	463		518		949	1,027
Income from Operations	76		76		174	166
Depreciation and Amortization	62		61		123	119
Operating Segments [Member] | Core Regional Segments [Member]
Segment Reporting Information [Line Items]
Net Operating Revenues	2,205		3,317		4,804	6,571
Income from Operations	32		486		251	855
Depreciation and Amortization	278		296		559	587
Operating Segments [Member] | Drilling Rigs [Member]
Segment Reporting Information [Line Items]
Net Operating Revenues	185		394		380	736
Income from Operations	4		4		14	(23)
Depreciation and Amortization	27		54		56	108
Corporate and Research and Development [Member]
Segment Reporting Information [Line Items]
Income from Operations					(225)	(236)
Depreciation and Amortization	6		5		12	11
Research and Development Expense	(105)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Long-Lived Assets Impairment and Other Related Charges			143			143
Research and Development Expense			(120)
Restructuring Charges	(69)	[1]	(59)	[2]
Gain on Sale of Businesses	(5)
Other Items	(8)	[3]	18
Impairment of Long-Lived Assets to be Disposed of	(181)				(191)
Goodwill, Impairment Loss	$ (20)		$ (125)
Goodwill Impairment including assets held for sale [Member]
Segment Reporting Information [Line Items]
Income from Operations					(20)	(125)
Restructuring Charges [Member]
Segment Reporting Information [Line Items]
Income from Operations					(110)	(129)
Gain on Sale of Business [Member]
Segment Reporting Information [Line Items]
Income from Operations					(2)
Other Unallocated [Member]
Segment Reporting Information [Line Items]
Income from Operations					$ (19)	$ (44)
[1]	For the three months ended June 30, 2015 includes asset impairment charges of $124 million, pressure pumping business related charges of $37 million and supply agreement charges related to a non-core business divestiture of $20 million.
[2]	For the three months ended June 30, 2014, we recognized restructuring charges of $59 million: $19 million in North America, $13 million in MENA/Asia Pacific, $8 million in Europe/SSA/Russia, $4 million in Latin America, $1 million in Land Drilling Rigs and $14 million in Corporate and Research and Development.
[3]	For the three months ended June 30, 2015, we recognized restructuring charges of $69 million: $21 million in North America, $29 million in MENA/Asia Pacific, $14 million in Europe/SSA/Russia, $4 million in Latin America, and $1 million in Land Drilling Rigs.

Segment Information (Narrative)

Segment Information (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Long-Lived Assets Impairment					$ 124	$ 143
Pressure Pumping Related Charges					37
Supply Agreement Charges related to Non-Core Business Divestiture	$ 20				30
Severance, asset impairment and other restructuring charges	69		$ 59		110	129
Divestiture, professional and other fees portion	3				5	40
Facility Closure Fees					3
Other nonrecurring (income) expense	2				11	4
Liability related to contractual residual guarantees	80				80
Minimum purchase commitment liability	63				63
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	(69)	[1]	(59)	[2]
2015 Plan
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	69				110
2015 Plan | Drilling Rigs [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	1				6
2015 Plan | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	21				29
2015 Plan | Operating Segments [Member] | MENA/ Asia Pacific [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	29				35
2015 Plan | Operating Segments [Member] | Europe/ SSA/ Russia [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	14				21
2015 Plan | Operating Segments [Member] | Latin America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	4				16
2015 Plan | Corporate and Research and Development [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	0				3
2015 Plan | Employee Severance [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	19				59
2015 Plan | Employee Severance [Member] | North America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	4				12
2015 Plan | Employee Severance [Member] | MENA/ Asia Pacific [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	6				11
2015 Plan | Employee Severance [Member] | Europe/ SSA/ Russia [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	5				12
2015 Plan | Employee Severance [Member] | Latin America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	3				15
2015 Plan | Employee Severance [Member] | Drilling Rigs [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	1				6
2015 Plan | Employee Severance [Member] | Corporate and Research and Development [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges	0				3
2014 Plan
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			59			129
2014 Plan | Drilling Rigs [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			1			4
2014 Plan | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			19			28
2014 Plan | Operating Segments [Member] | MENA/ Asia Pacific [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			13			17
2014 Plan | Operating Segments [Member] | Europe/ SSA/ Russia [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			8			27
2014 Plan | Operating Segments [Member] | Latin America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			4			23
2014 Plan | Corporate and Research and Development [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			14			30
2014 Plan | Employee Severance [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			32			98
2014 Plan | Employee Severance [Member] | North America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			4			13
2014 Plan | Employee Severance [Member] | MENA/ Asia Pacific [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			6			10
2014 Plan | Employee Severance [Member] | Europe/ SSA/ Russia [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			6			21
2014 Plan | Employee Severance [Member] | Latin America [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			3			22
2014 Plan | Employee Severance [Member] | Drilling Rigs [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			1			4
2014 Plan | Employee Severance [Member] | Corporate and Research and Development [Member]
Segment Reporting Information [Line Items]
Severance, asset impairment and other restructuring charges			$ 12			$ 28
Other Current Liabilities [Member]
Segment Reporting Information [Line Items]
Liability related to contractual residual guarantees	46				46
Minimum purchase commitment liability	50				50
Other Noncurrent Liabilities [Member]
Segment Reporting Information [Line Items]
Liability related to contractual residual guarantees	34				34
Minimum purchase commitment liability	$ 13				$ 13
[1]	For the three months ended June 30, 2015 includes asset impairment charges of $124 million, pressure pumping business related charges of $37 million and supply agreement charges related to a non-core business divestiture of $20 million.
[2]	For the three months ended June 30, 2014, we recognized restructuring charges of $59 million: $19 million in North America, $13 million in MENA/Asia Pacific, $8 million in Europe/SSA/Russia, $4 million in Latin America, $1 million in Land Drilling Rigs and $14 million in Corporate and Research and Development.

Disputes, Litigation and Cont63

Disputes, Litigation and Contingencies (Details) - USD ($) $ in Millions	2 Months Ended	3 Months Ended			6 Months Ended
	Feb. 25, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Loss Contingencies [Line Items]
Litigation Charges		$ 112	$ 0		$ 112	$ 0
Freedman v. Weatherford International Ltd., et al. [Member] [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount					$ 120
Litigation Charges		$ 95
U.S. District Court for the Southern District of Texas v. Weatherford International Ltd. [Member] | Oil-for-Food Program and Foreign Corrupt Practices Act [Member]
Loss Contingencies [Line Items]
Payments for legal settlements	$ 253
Period of time expected to be monitored for assessing company's compliance upon settlement					18 months
Dobina v. Weatherford International Ltd., et al. [Member] | Material Weakness in Internal Controls [Member]
Loss Contingencies [Line Items]
Payments for legal settlements				$ 53

Condensed Consolidating Finan64

Condensed Consolidating Financial Statements (Narrative) (Details)	May. 02, 2013	Apr. 09, 2015	Dec. 31, 2014	Jun. 30, 2015
Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Debt instrument, term			364 days
Senior Notes, 6.35% due 2017 [Member] | Senior Notes [Member] | Weatherford Bermuda [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			6.35%	6.35%
Senior Notes, 6.80% due 2037 [Member] | Senior Notes [Member] | Weatherford Bermuda [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			6.80%	6.80%
Senior Notes, 5.50% due 2016 [Member] | Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt				5.50%
Senior Notes, 5.50% due 2016 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			5.50%	5.50%
Senior Notes, 6.50% due 2036 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			6.50%	6.50%
Senior Notes, 6.00% due 2018 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			6.00%	6.00%
Senior Notes, 7.00% due 2038 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			7.00%	7.00%
Senior Notes, 9.625% due 2019 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			9.625%	9.625%
Senior Notes, 9.875% due 2039 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			9.875%	9.875%
Senior Notes, 5.125% due 2020 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			5.125%	5.125%
Senior Notes, 6.75% due 2040 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			6.75%	6.75%
Senior Notes, 4.50% due 2022 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			4.50%	4.50%
Senior Notes, 5.95% due 2042 [Member] | Senior Notes [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Stated interest rate on debt			5.95%	5.95%
Notes Payable to Banks [Member]
Condensed Financial Statements, Captions [Line Items]
Debt instrument, term	364 days
Notes Payable to Banks [Member] | Weatherford Delaware [Member]
Condensed Financial Statements, Captions [Line Items]
Debt instrument, term		364 days

Condensed Consolidating Finan65

Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Operations) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Income Statements, Captions [Line Items]
Revenues	$ 2,390	$ 3,711	$ 5,184	$ 7,307
Costs and Expenses	(2,854)	(3,686)	(5,598)	(7,152)
Operating Income (Loss)	(464)	25	(414)	155
Other Income (Expense):
Interest Expense, Net	(117)	(128)	(237)	(254)
Intercompany Charges, Net	0	0	0	0
Equity in Subsidiary Income	0	0	0	0
Other, Net	(34)	(19)	(71)	(28)
Loss Before Income Taxes	(615)	(122)	(722)	(127)
(Provision) Benefit for Income Taxes	132	(11)	132	(38)
Net Loss	(483)	(133)	(590)	(165)
Net Income Attributable to Noncontrolling Interests	6	12	17	21
Net Income (Loss) Attributable to Weatherford	(489)	(145)	(607)	(186)
Comprehensive Income (Loss) Attributable to Weatherford	(375)	21	(816)	(222)
Weatherford Ireland [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	0	0	0	0
Costs and Expenses	(100)	(9)	(107)	(28)
Operating Income (Loss)	(100)	(9)	(107)	(28)
Other Income (Expense):
Interest Expense, Net	0	0	0	0
Intercompany Charges, Net	26	12	(26)	(12)
Equity in Subsidiary Income	(363)	(123)	(474)	(144)
Other, Net	0	0	0	(1)
Loss Before Income Taxes	(489)	(144)	(607)	(185)
(Provision) Benefit for Income Taxes	0	(1)	0	(1)
Net Loss	(489)	(145)	(607)	(186)
Net Income Attributable to Noncontrolling Interests	0	0	0	0
Net Income (Loss) Attributable to Weatherford	(489)	(145)	(607)	(186)
Comprehensive Income (Loss) Attributable to Weatherford	(375)	21	(816)	(222)
Weatherford Bermuda [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	0	0	0	0
Costs and Expenses	(4)	(1)	(4)	(1)
Operating Income (Loss)	(4)	(1)	(4)	(1)
Other Income (Expense):
Interest Expense, Net	(98)	(106)	(202)	(211)
Intercompany Charges, Net	28	22	(43)	7,326
Equity in Subsidiary Income	366	(192)	441	(112)
Other, Net	1	(11)	(19)	(15)
Loss Before Income Taxes	237	(332)	173	6,987
(Provision) Benefit for Income Taxes	0	0	0	0
Net Loss	237	(332)	173	6,987
Net Income Attributable to Noncontrolling Interests	0	0	0	0
Net Income (Loss) Attributable to Weatherford	237	(332)	173	6,987
Comprehensive Income (Loss) Attributable to Weatherford	263	(182)	107	6,987
Weatherford Delaware [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	0	0	0	0
Costs and Expenses	0	0	0	(1)
Operating Income (Loss)	0	0	0	(1)
Other Income (Expense):
Interest Expense, Net	(15)	(14)	(28)	(29)
Intercompany Charges, Net	68	77	(68)	(77)
Equity in Subsidiary Income	874	(175)	849	(164)
Other, Net	0	(1)	0	(1)
Loss Before Income Taxes	791	(267)	753	(272)
(Provision) Benefit for Income Taxes	29	31	34	37
Net Loss	820	(236)	787	(235)
Net Income Attributable to Noncontrolling Interests	0	0	0	0
Net Income (Loss) Attributable to Weatherford	820	(236)	787	(235)
Comprehensive Income (Loss) Attributable to Weatherford	843	(100)	774	(235)
Other Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	2,390	3,711	5,184	7,307
Costs and Expenses	(2,750)	(3,676)	(5,487)	(7,122)
Operating Income (Loss)	(360)	35	(303)	185
Other Income (Expense):
Interest Expense, Net	(4)	(8)	(7)	(14)
Intercompany Charges, Net	(122)	1,709	137	(9,057)
Equity in Subsidiary Income	0	0	0	0
Other, Net	(35)	(7)	(52)	(11)
Loss Before Income Taxes	(277)	(1,689)	(225)	(8,897)
(Provision) Benefit for Income Taxes	103	(41)	98	(74)
Net Loss	(174)	(1,730)	(127)	(8,971)
Net Income Attributable to Noncontrolling Interests	6	12	17	21
Net Income (Loss) Attributable to Weatherford	(180)	(1,742)	(144)	(8,992)
Comprehensive Income (Loss) Attributable to Weatherford	(66)	(1,539)	(352)	(8,992)
Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Revenues	0	0	0	0
Costs and Expenses	0	0	0	0
Operating Income (Loss)	0	0	0	0
Other Income (Expense):
Interest Expense, Net	0	0	0	0
Intercompany Charges, Net	0	(1,820)	0	1,820
Equity in Subsidiary Income	(877)	490	(816)	420
Other, Net	0	0	0	0
Loss Before Income Taxes	(877)	2,310	(816)	2,240
(Provision) Benefit for Income Taxes	0	0	0	0
Net Loss	(877)	2,310	(816)	2,240
Net Income Attributable to Noncontrolling Interests	0	0	0	0
Net Income (Loss) Attributable to Weatherford	(877)	2,310	(816)	2,240
Comprehensive Income (Loss) Attributable to Weatherford	$ (1,040)	$ 1,821	$ (529)	$ 2,240

Condensed Consolidating Finan66

Condensed Consolidating Financial Statements (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Current Assets
Cash and Cash Equivalents	$ 611	$ 474	$ 571	$ 435
Other Current Assets	6,453	7,470
Total Current Assets	7,064	7,944
Equity Investments in Affiliates	0	0
Intercompany Receivables, Net	0	0
Other Assets	10,570	10,945
Total Assets	17,634	18,889
Current Liabilities
Short-term Borrowings and Current Portion of Long-Term Debt	1,556	727
Accounts Payable and Other Current Liabilities	2,581	3,300
Total Current Liabilities	4,137	4,027
Long-term Debt	6,268	6,798
Intercompany Payables, Net	0	0
Other Long-term Liabilities	982	1,031
Total Liabilities	11,387	11,856
Weatherford Shareholders’ Equity	6,172	6,958
Noncontrolling Interests	75	75
Total Liabilities and Shareholders’ Equity	17,634	18,889
Weatherford Ireland [Member]
Current Assets
Cash and Cash Equivalents	0	1	0	0
Other Current Assets	5	4
Total Current Assets	5	5
Equity Investments in Affiliates	8,011	8,662
Intercompany Receivables, Net	0	0
Other Assets	4	5
Total Assets	8,020	8,672
Current Liabilities
Short-term Borrowings and Current Portion of Long-Term Debt	0	0
Accounts Payable and Other Current Liabilities	137	43
Total Current Liabilities	137	43
Long-term Debt	0	0
Intercompany Payables, Net	1,699	1,666
Other Long-term Liabilities	12	5
Total Liabilities	1,848	1,714
Weatherford Shareholders’ Equity	6,172	6,958
Noncontrolling Interests	0	0
Total Liabilities and Shareholders’ Equity	8,020	8,672
Weatherford Bermuda [Member]
Current Assets
Cash and Cash Equivalents	1	0	1	0
Other Current Assets	0	12
Total Current Assets	1	12
Equity Investments in Affiliates	11,057	10,490
Intercompany Receivables, Net	0	0
Other Assets	33	35
Total Assets	11,091	10,537
Current Liabilities
Short-term Borrowings and Current Portion of Long-Term Debt	1,464	618
Accounts Payable and Other Current Liabilities	236	256
Total Current Liabilities	1,700	874
Long-term Debt	5,238	5,749
Intercompany Payables, Net	5,962	6,202
Other Long-term Liabilities	77	82
Total Liabilities	12,977	12,907
Weatherford Shareholders’ Equity	(1,886)	(2,370)
Noncontrolling Interests	0	0
Total Liabilities and Shareholders’ Equity	11,091	10,537
Weatherford Delaware [Member]
Current Assets
Cash and Cash Equivalents	22	22	22	0
Other Current Assets	543	544
Total Current Assets	565	566
Equity Investments in Affiliates	10,528	9,730
Intercompany Receivables, Net	0	0
Other Assets	49	16
Total Assets	11,142	10,312
Current Liabilities
Short-term Borrowings and Current Portion of Long-Term Debt	6	6
Accounts Payable and Other Current Liabilities	0	0
Total Current Liabilities	6	6
Long-term Debt	908	911
Intercompany Payables, Net	2,695	2,622
Other Long-term Liabilities	5	5
Total Liabilities	3,614	3,544
Weatherford Shareholders’ Equity	7,528	6,768
Noncontrolling Interests	0	0
Total Liabilities and Shareholders’ Equity	11,142	10,312
Other Subsidiaries [Member]
Current Assets
Cash and Cash Equivalents	588	451	548	435
Other Current Assets	6,509	7,524
Total Current Assets	7,097	7,975
Equity Investments in Affiliates	3,868	3,974
Intercompany Receivables, Net	10,356	10,490
Other Assets	10,484	10,889
Total Assets	31,805	33,328
Current Liabilities
Short-term Borrowings and Current Portion of Long-Term Debt	86	103
Accounts Payable and Other Current Liabilities	2,812	3,615
Total Current Liabilities	2,898	3,718
Long-term Debt	122	137
Intercompany Payables, Net	0	0
Other Long-term Liabilities	888	939
Total Liabilities	3,908	4,794
Weatherford Shareholders’ Equity	27,822	28,459
Noncontrolling Interests	75	75
Total Liabilities and Shareholders’ Equity	31,805	33,328
Parent Company [Member]
Current Assets
Cash and Cash Equivalents		1
Eliminations [Member]
Current Assets
Cash and Cash Equivalents	0	0	$ 0	$ 0
Other Current Assets	(604)	(614)
Total Current Assets	(604)	(614)
Equity Investments in Affiliates	(33,464)	(32,856)
Intercompany Receivables, Net	(10,356)	(10,490)
Other Assets	0	0
Total Assets	(44,424)	(43,960)
Current Liabilities
Short-term Borrowings and Current Portion of Long-Term Debt	0	0
Accounts Payable and Other Current Liabilities	(604)	(614)
Total Current Liabilities	(604)	(614)
Long-term Debt	0	1
Intercompany Payables, Net	(10,356)	(10,490)
Other Long-term Liabilities	0	0
Total Liabilities	(10,960)	(11,103)
Weatherford Shareholders’ Equity	(33,464)	(32,857)
Noncontrolling Interests	0	0
Total Liabilities and Shareholders’ Equity	$ (44,424)	$ (43,960)

Condensed Consolidating Finan67

Condensed Consolidating Financial Statements (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net Loss	$ (483,000,000)	$ (133,000,000)	$ (590,000,000)	$ (165,000,000)
Cash Flows from Operating Activities:
Charges from Parent or Subsidiary			0	0
Equity in (Earnings) Loss of Affiliates			0	0
Deferred Income Tax Provision (Benefit)			(191,000,000)	16,000,000
Other Adjustments			1,030,000,000	178,000,000
Net Cash Provided by Operating Activities			249,000,000	29,000,000
Cash Flows from Investing Activities:
Capital Expenditures for Property, Plant and Equipment			(411,000,000)	(662,000,000)
Payments to Acquire Businesses, Net of Cash Acquired			0	17,000,000
Acquisition of Intellectual Property			(3,000,000)	(3,000,000)
Proceeds from Sale of Assets and Businesses, Net			23,000,000	26,000,000
Net Cash Used in Investing Activities			(391,000,000)	(622,000,000)
Cash Flows From Financing Activities:
Borrowings of Short-term Debt, Net			478,000,000	738,000,000
Borrowings (Repayments) Long-term Debt, Net			(161,000,000)	(36,000,000)
Borrowings (Repayments) Between Subsidiaries, Net			0	0
Proceeds from Capital Contributions				22,000,000
Other, Net			(15,000,000)	(2,000,000)
Net Cash Provided by Financing Activities			302,000,000	722,000,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(23,000,000)	7,000,000
Net Increase in Cash and Cash Equivalents			137,000,000	136,000,000
Cash and Cash Equivalents at Beginning of Period			474,000,000	435,000,000
Cash and Cash Equivalents at End of Period	611,000,000	571,000,000	611,000,000	571,000,000
Weatherford Ireland [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Loss	(489,000,000)	(145,000,000)	(607,000,000)	(186,000,000)
Cash Flows from Operating Activities:
Charges from Parent or Subsidiary			26,000,000	12,000,000
Equity in (Earnings) Loss of Affiliates			474,000,000	144,000,000
Deferred Income Tax Provision (Benefit)			0	0
Other Adjustments			84,000,000	8,000,000
Net Cash Provided by Operating Activities			(23,000,000)	(22,000,000)
Cash Flows from Investing Activities:
Capital Expenditures for Property, Plant and Equipment			0	0
Payments to Acquire Businesses, Net of Cash Acquired				0
Acquisition of Intellectual Property			0	0
Proceeds from Sale of Assets and Businesses, Net			0	0
Net Cash Used in Investing Activities			0	0
Cash Flows From Financing Activities:
Borrowings of Short-term Debt, Net			0	0
Borrowings (Repayments) Long-term Debt, Net			0	0
Borrowings (Repayments) Between Subsidiaries, Net			22,000,000	22,000,000
Proceeds from Capital Contributions				0
Other, Net			0	0
Net Cash Provided by Financing Activities			22,000,000	22,000,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Net Increase in Cash and Cash Equivalents			(1,000,000)	0
Cash and Cash Equivalents at Beginning of Period			1,000,000	0
Cash and Cash Equivalents at End of Period	0	0	0	0
Weatherford Bermuda [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Loss	237,000,000	(332,000,000)	173,000,000	6,987,000,000
Cash Flows from Operating Activities:
Charges from Parent or Subsidiary			43,000,000	(7,326,000,000)
Equity in (Earnings) Loss of Affiliates			(441,000,000)	112,000,000
Deferred Income Tax Provision (Benefit)			0	0
Other Adjustments			74,000,000	(260,000,000)
Net Cash Provided by Operating Activities			(151,000,000)	(487,000,000)
Cash Flows from Investing Activities:
Capital Expenditures for Property, Plant and Equipment			0	0
Payments to Acquire Businesses, Net of Cash Acquired				0
Acquisition of Intellectual Property			0	0
Proceeds from Sale of Assets and Businesses, Net			0	0
Net Cash Used in Investing Activities			0	0
Cash Flows From Financing Activities:
Borrowings of Short-term Debt, Net			496,000,000	775,000,000
Borrowings (Repayments) Long-term Debt, Net			(147,000,000)	0
Borrowings (Repayments) Between Subsidiaries, Net			(197,000,000)	(287,000,000)
Proceeds from Capital Contributions				0
Other, Net			0	0
Net Cash Provided by Financing Activities			152,000,000	488,000,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Net Increase in Cash and Cash Equivalents			1,000,000	1,000,000
Cash and Cash Equivalents at Beginning of Period			0	0
Cash and Cash Equivalents at End of Period	1,000,000	1,000,000	1,000,000	1,000,000
Weatherford Delaware [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Loss	820,000,000	(236,000,000)	787,000,000	(235,000,000)
Cash Flows from Operating Activities:
Charges from Parent or Subsidiary			68,000,000	77,000,000
Equity in (Earnings) Loss of Affiliates			(849,000,000)	164,000,000
Deferred Income Tax Provision (Benefit)			(34,000,000)	0
Other Adjustments			8,000,000	10,000,000
Net Cash Provided by Operating Activities			(20,000,000)	16,000,000
Cash Flows from Investing Activities:
Capital Expenditures for Property, Plant and Equipment			0	0
Payments to Acquire Businesses, Net of Cash Acquired				0
Acquisition of Intellectual Property			0	0
Proceeds from Sale of Assets and Businesses, Net			0	0
Net Cash Used in Investing Activities			0	0
Cash Flows From Financing Activities:
Borrowings of Short-term Debt, Net			0	0
Borrowings (Repayments) Long-term Debt, Net			(1,000,000)	(8,000,000)
Borrowings (Repayments) Between Subsidiaries, Net			21,000,000	14,000,000
Proceeds from Capital Contributions				0
Other, Net			0	0
Net Cash Provided by Financing Activities			20,000,000	6,000,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Net Increase in Cash and Cash Equivalents			0	22,000,000
Cash and Cash Equivalents at Beginning of Period			22,000,000	0
Cash and Cash Equivalents at End of Period	22,000,000	22,000,000	22,000,000	22,000,000
Other Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Loss	(174,000,000)	(1,730,000,000)	(127,000,000)	(8,971,000,000)
Cash Flows from Operating Activities:
Charges from Parent or Subsidiary			(137,000,000)	9,057,000,000
Equity in (Earnings) Loss of Affiliates			0	0
Deferred Income Tax Provision (Benefit)			(157,000,000)	16,000,000
Other Adjustments			864,000,000	420,000,000
Net Cash Provided by Operating Activities			443,000,000	522,000,000
Cash Flows from Investing Activities:
Capital Expenditures for Property, Plant and Equipment			(411,000,000)	(662,000,000)
Payments to Acquire Businesses, Net of Cash Acquired				17,000,000
Acquisition of Intellectual Property			(3,000,000)	(3,000,000)
Proceeds from Sale of Assets and Businesses, Net			23,000,000	26,000,000
Net Cash Used in Investing Activities			(391,000,000)	(622,000,000)
Cash Flows From Financing Activities:
Borrowings of Short-term Debt, Net			(18,000,000)	(37,000,000)
Borrowings (Repayments) Long-term Debt, Net			(13,000,000)	(28,000,000)
Borrowings (Repayments) Between Subsidiaries, Net			154,000,000	251,000,000
Proceeds from Capital Contributions				22,000,000
Other, Net			(15,000,000)	(2,000,000)
Net Cash Provided by Financing Activities			108,000,000	206,000,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents			(23,000,000)	7,000,000
Net Increase in Cash and Cash Equivalents			137,000,000	113,000,000
Cash and Cash Equivalents at Beginning of Period			451,000,000	435,000,000
Cash and Cash Equivalents at End of Period	588,000,000	548,000,000	588,000,000	548,000,000
Parent Company [Member]
Cash Flows From Financing Activities:
Cash and Cash Equivalents at Beginning of Period			1,000,000
Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Loss	(877,000,000)	2,310,000,000	(816,000,000)	2,240,000,000
Cash Flows from Operating Activities:
Charges from Parent or Subsidiary			0	(1,820,000,000)
Equity in (Earnings) Loss of Affiliates			816,000,000	(420,000,000)
Deferred Income Tax Provision (Benefit)			0	0
Other Adjustments			0	0
Net Cash Provided by Operating Activities			0	0
Cash Flows from Investing Activities:
Capital Expenditures for Property, Plant and Equipment			0	0
Payments to Acquire Businesses, Net of Cash Acquired				0
Acquisition of Intellectual Property			0	0
Proceeds from Sale of Assets and Businesses, Net			0	0
Net Cash Used in Investing Activities			0	0
Cash Flows From Financing Activities:
Borrowings of Short-term Debt, Net			0	0
Borrowings (Repayments) Long-term Debt, Net			0	0
Borrowings (Repayments) Between Subsidiaries, Net			0	0
Proceeds from Capital Contributions				0
Other, Net			0	0
Net Cash Provided by Financing Activities			0	0
Effect of Exchange Rate Changes on Cash and Cash Equivalents			0	0
Net Increase in Cash and Cash Equivalents			0	0
Cash and Cash Equivalents at Beginning of Period			0	0
Cash and Cash Equivalents at End of Period	$ 0	$ 0	$ 0	$ 0