BAKER HUGHES a GE (BHI) 10-Q 23 Oct 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 17, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	BAKER HUGHES INC
Entity Central Index Key	808362
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	30-Sep-13
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		443,225,722

Consolidated_Condensed_Stateme

Consolidated Condensed Statements of Income (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenue:
Sales	$1,936	$1,847	$5,554	$5,387
Services	3,851	3,508	10,950	10,649
Total revenue	5,787	5,355	16,504	16,036
Costs and expenses:
Cost of sales	1,490	1,486	4,341	4,258
Cost of services	3,260	2,910	9,326	8,657
Research and engineering	142	118	400	370
Marketing, general and administrative	319	355	970	999
Total costs and expenses	5,211	4,869	15,037	14,284
Operating income	576	486	1,467	1,752
Interest expense, net	-58	-49	-173	-153
Income before income taxes	518	437	1,294	1,599
Income taxes	-178	-153	-441	-497
Net income	340	284	853	1,102
Net loss (income) attributable to noncontrolling interests	1	-5	-5	-5
Net income attributable to Baker Hughes	$341	$279	$848	$1,097
Basic earnings per share attributable to Baker Hughes	$0.77	$0.63	$1.91	$2.49
Diluted earnings per share attributable to Baker Hughes	$0.77	$0.63	$1.91	$2.49
Cash dividends per share	$0.15	$0.15	$0.45	$0.45

Consolidated_Condensed_Stateme1

Consolidated Condensed Statements of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement of Comprehensive Income [Abstract]
Net income	$340	$284	$853	$1,102
Other comprehensive income (loss):
Currency translation adjustments	60	63	-50	61
Pension and other postretirement benefits, net of tax	-4	0	9	19
Hedge transactions, net of tax	2	0	-1	1
Other comprehensive income (loss)	58	63	-42	81
Comprehensive income	398	347	811	1,183
Comprehensive loss (income) attributable to noncontrolling interests	1	-5	-5	-5
Comprehensive income attributable to Baker Hughes	$399	$342	$806	$1,178

Consolidated_Condensed_Balance

Consolidated Condensed Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Current assets:
Cash and cash equivalents	$1,368	$1,015
Accounts receivable - less allowance for doubtful accounts (2013 - $310; 2012 - $308)	5,343	4,815
Inventories, net	3,960	3,781
Deferred income taxes	373	266
Other current assets	463	540
Total current assets	11,507	10,417
Property, plant and equipment - less accumulated depreciation (2013 - $7,004; 2012 - $6,315)	8,964	8,707
Goodwill	5,967	5,958
Intangible assets, net	915	993
Other assets	721	614
Total assets	28,074	26,689
Current liabilities:
Accounts payable	2,474	1,737
Short-term debt and current portion of long-term debt	737	1,079
Accrued employee compensation	717	646
Income taxes payable	227	226
Other accrued liabilities	544	436
Total current liabilities	4,699	4,124
Long-term debt	3,838	3,837
Deferred income taxes and other tax liabilities	797	745
Liabilities for pensions and other postretirement benefits	595	579
Other liabilities	152	136
Commitments and contingencies
Equity:
Common stock	443	441
Capital in excess of par value	7,614	7,495
Retained earnings	10,257	9,609
Accumulated other comprehensive loss	-518	-476
Baker Hughes stockholders’ equity	17,796	17,069
Noncontrolling interests	197	199
Total equity	17,993	17,268
Total liabilities and equity	$28,074	$26,689

Consolidated_Condensed_Balance1

Consolidated Condensed Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$310	$308
Accumulated depreciation	$7,004	$6,315

Consolidated_Condensed_Stateme2

Consolidated Condensed Statements of Equity (USD $)	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
In Millions, unless otherwise specified
Balance at Dec. 31, 2011	$15,964	$437	$7,303	$8,561	($555)	$218
Comprehensive income:
Net income	1,102			1,097		5
Other comprehensive income (loss)	81				81
Activity related to stock plans	30	2	28
Stock-based compensation	94		94
Cash dividends ($0.45 per share)	-197			-197
Net activity related to noncontrolling interests	-3		22			-25
Balance at Sep. 30, 2012	17,071	439	7,447	9,461	-474	198
Balance at Dec. 31, 2012	17,268	441	7,495	9,609	-476	199
Comprehensive income:
Net income	853			848		5
Other comprehensive income (loss)	-42				-42
Activity related to stock plans	28	2	26
Stock-based compensation	93		93
Cash dividends ($0.45 per share)	-200			-200
Net activity related to noncontrolling interests	-7					-7
Balance at Sep. 30, 2013	$17,993	$443	$7,614	$10,257	($518)	$197

Consolidated_Condensed_Stateme3

Consolidated Condensed Statements of Equity (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement of Stockholders' Equity [Abstract]
Cash dividends per share	$0.15	$0.15	$0.45	$0.45

Consolidated_Condensed_Stateme4

Consolidated Condensed Statements of Cash Flows (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income	$853	$1,102
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	1,262	1,151
Other noncash items	-53	-219
Changes in operating assets and liabilities:
Accounts receivable	-651	-242
Inventories	-191	-661
Accounts payable	749	55
Other operating items, net	189	-239
Net cash flows provided by operating activities	2,158	947
Cash flows from investing activities:
Expenditures for capital assets	-1,552	-2,183
Proceeds from disposal of assets	276	287
Other investing items, net	-28	0
Net cash flows used in investing activities	-1,304	-1,896
Cash flows from financing activities:
Net (repayments) proceeds of commercial paper borrowings and other debt with three months or less original maturity	-391	1,075
Repayments of short-term debt with greater than three months original maturity	-119	0
Proceeds from short-term debt with greater than three months original maturity	178	0
Dividends paid	-200	-197
Other financing items, net	33	24
Net cash flows (used in) provided by financing activities	-499	902
Effect of foreign exchange rate changes on cash and cash equivalents	-2	4
Increase (decrease) in cash and cash equivalents	353	-43
Cash and cash equivalents, beginning of period	1,015	1,050
Cash and cash equivalents, end of period	1,368	1,007
Supplemental cash flows disclosures:
Income taxes paid, net of refunds	498	811
Interest paid	194	191
Supplemental disclosure of noncash investing activities:
Capital expenditures included in accounts payable	$99	$115

Summary_of_Significant_Account

Summary of Significant Accounting Policies (Notes)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Nature of Operations
	Baker Hughes Incorporated (“Baker Hughes,” “Company,” “we,” “our,” or “us,”) is a leading supplier of oilfield services, products, technology and systems used for drilling, formation evaluation, completion and production, pressure pumping, and reservoir development in the worldwide oil and natural gas industry. We also provide products and services for other businesses, including downstream refining, and process and pipeline services.
	Basis of Presentation
	Our unaudited consolidated condensed financial statements included herein have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, certain information and disclosures normally included in our annual financial statements have been condensed or omitted. These unaudited consolidated condensed financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2012 (“2012 Annual Report”). We believe the unaudited consolidated condensed financial statements included herein reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the interim periods. Certain prior year amounts have been reclassified to present our Process and Pipelines Services business as continuing operations, consistent with the presentation in our 2012 Annual Report. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. In the notes to the unaudited consolidated condensed financial statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated.
	New Accounting Standards Updates
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires entities to present separately, among other items, the amount of the change that is due to reclassifications, and the amount that is due to current period other comprehensive income. We adopted the new presentation requirements in the notes to our financial statements in the first quarter of 2013.

Venezuelan_Currency_Devaluatio

Venezuelan Currency Devaluation (Notes)	9 Months Ended
	Sep. 30, 2013
Foreign Currency [Abstract]
Venezuelan Currency Devaluation	VENEZUELAN CURRENCY DEVALUATION
	In February 2013, Venezuela's currency was devalued from the prior exchange rate of 4.3 Bolivars Fuertes per U.S. Dollar to 6.3 Bolivars Fuertes per U.S. Dollar, which applies to our local currency denominated balances. The impact of this devaluation was a loss of $23 million that was recorded in marketing, general and administrative expense in the first quarter of 2013.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE
	A reconciliation of the number of shares used for the basic and diluted earnings per share (“EPS”) computations is as follows:
		Three Months Ended September 30,		Nine Months Ended September 30,
		2013	2012	2013	2012
	Weighted average common shares outstanding for basic EPS	444	440	443	440
	Effect of dilutive securities - stock plans	1	1	1	1
	Adjusted weighted average common shares outstanding for diluted EPS	445	441	444	441
	Future potentially dilutive shares excluded from diluted EPS:
	Options with an exercise price greater than the average market price for the period	5	8	8	8

Inventories

Inventories	9 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES
	Inventories, net of reserves, are comprised of the following:
		September 30,		December 31,
		2013		2012
	Finished goods	$	3,500	$	3,336
	Work in process	240		228
	Raw materials	220		217
	Total inventories	$	3,960	$	3,781

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2013
Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	INTANGIBLE ASSETS
	Intangible assets are comprised of the following:
		September 30, 2013						December 31, 2012
		Gross		Less:		Net		Gross		Less:		Net
		Carrying		Accumulated				Carrying		Accumulated
		Amount		Amortization				Amount		Amortization
	Definite lived intangibles:
	Technology	$	816	$	323	$	493	$	787	$	282	$	505
	Contract-based	16		11		5		16		10		6
	Trade names	121		76		45		121		60		61
	Customer relationships	494		148		346		494		117		377
	Subtotal	1,447		558		889		1,418		469		949
	Indefinite lived intangibles:
	In-process research and development	26		—		26		44		—		44
	Total intangible assets	$	1,473	$	558	$	915	$	1,462	$	469	$	993
	Intangible assets are generally amortized on a straight-line basis with estimated useful lives ranging from 3 to 30 years. Amortization expense included in net income for the three months and nine months ended September 30, 2013 was $30 million and $89 million, respectively, as compared to $34 million and $97 million reported in 2012 for the same periods.
	Amortization expense of these intangibles over the remainder of 2013 and for each of the subsequent five fiscal years is expected to be as follows:
	Year	Estimated Amortization Expense
	Remainder of 2013	$	30
	2014	105
	2015	97
	2016	96
	2017	92
	2018	86

Financial_Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS
	Our financial instruments include cash and cash equivalents, accounts receivable, accounts payable, debt and foreign currency forward contracts. Except as described below, the estimated fair value of such financial instruments at September 30, 2013 and December 31, 2012 approximates their carrying value as reflected in our unaudited consolidated condensed balance sheets.
	The estimated fair value of total debt at September 30, 2013 and December 31, 2012 was $5,134 million and $5,829 million, respectively, which differs from the carrying amounts of $4,575 million and $4,916 million, respectively, included in our unaudited consolidated condensed balance sheets. The fair value was determined using quoted period-end market prices.

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION
	We conduct our business primarily through operating segments that are aligned with our geographic regions. We aggregate our operating segments within each reportable segment because they have similar economic characteristics and because the long-term financial performance of the operating segments is affected by similar economic conditions. The performance of our operating segments is evaluated based on profit before tax, which is defined as income before income taxes and before the following: net interest expense, corporate expenses and certain gains and losses not allocated to the operating segments.
	Summarized financial information is shown in the following table:
		Three Months Ended					Three Months Ended
		September 30, 2013					September 30, 2012
	Segments	Revenue		Profit (Loss) Before Taxes			Revenue		Profit (Loss) Before Taxes
	North America	$	2,854	$	295		$	2,742	$	288
	Latin America	557		(23		)	583		45
	Europe/Africa/Russia Caspian	984		170			866		104
	Middle East/Asia Pacific	1,064		156			844		70
	Industrial Services and Other	328		38			320		38
	Total Operations	5,787		636			5,355		545
	Corporate and Other	—		(60		)	—		(59		)
	Interest expense, net	—		(58		)	—		(49		)
	Total	$	5,787	$	518		$	5,355	$	437
		Nine Months Ended					Nine Months Ended
		September 30, 2013					September 30, 2012
	Segments	Revenue		Profit (Loss) Before Taxes			Revenue		Profit (Loss) Before Taxes
	North America	$	8,134	$	741		$	8,277	$	1,046
	Latin America	1,704		8			1,760		189
	Europe/Africa/Russia Caspian	2,804		414			2,684		413
	Middle East/Asia Pacific	2,929		387			2,393		232
	Industrial Services and Other	933		101			922		104
	Total Operations	16,504		1,651			16,036		1,984
	Corporate and Other	—		(184		)	—		(232		)
	Interest expense, net	—		(173		)	—		(153		)
	Total	$	16,504	$	1,294		$	16,036	$	1,599

Employee_Benefit_Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2013
Pension and Other Postretirement Benefits Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	EMPLOYEE BENEFIT PLANS
	We have both funded and unfunded noncontributory defined benefit pension plans covering certain employees primarily in the U.S., the U.K., Germany and Canada. We also provide certain postretirement health care benefits (“other postretirement benefits”), through an unfunded plan, to a closed group of U.S. employees who retire and have met certain age and service requirements.
	The components of net periodic pension cost are as follows for the three months ended September 30:
		U.S. Pension Plans						Non-U.S. Pension Plans						Other Postretirement Benefits
		2013			2012			2013			2012			2013			2012
	Service cost	$	16		$	16		$	4		$	2		$	1		$	3
	Interest cost	5			5			8			8			1			2
	Expected return on plan assets	(9		)	(9		)	(9		)	(9		)	—			—
	Amortization of prior service benefit	—			—			—			—			(2		)	—
	Amortization of net actuarial loss	3			4			2			2			1			—
	Net periodic pension cost	$	15		$	16		$	5		$	3		$	1		$	5
	The components of net periodic pension cost are as follows for the nine months ended September 30:
		U.S. Pension Plans						Non-U.S. Pension Plans						Other Postretirement Benefits
		2013			2012			2013			2012			2013			2012
	Service cost	$	48		$	48		$	12		$	6		$	5		$	9
	Interest cost	16			15			24			24			3			6
	Expected return on plan assets	(29		)	(27		)	(29		)	(27		)	—			—
	Amortization of prior service benefit	—			—			—			—			(6		)	(2		)
	Amortization of net actuarial loss	10			12			6			5			3			1
	Benefit settlement	—			—			—			6			—			—
	Net periodic pension cost	$	45		$	48		$	13		$	14		$	5		$	14

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES
	LITIGATION
	We are subject to a number of lawsuits and claims arising out of the conduct of our business. The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. We insure against these risks to the extent deemed prudent by our management and to the extent insurance is available, but no assurance can be given that the nature and amount of that insurance will be sufficient to fully indemnify us against liabilities arising out of pending and future legal proceedings. Most of these insurance policies contain deductibles or self-insured retentions in amounts we deem prudent and for which we are responsible for payment. In determining the amount of self-insurance, it is our policy to self-insure those losses that are predictable, measurable and recurring in nature, such as claims for automobile liability, general liability and workers compensation. We record a liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated, including accruals for self-insured losses which are calculated based on historical claim data, specific loss development factors and other information as necessary.
	Based on a consideration of all relevant facts and circumstances, we do not expect the ultimate outcome of any currently pending lawsuits or claims against us will have a material adverse effect on our financial position, results of operations or cash flows; however, there can be no assurance as to the ultimate outcome of these matters.
	On May 30, 2013, we received a Civil Investigative Demand (“CID”) from the United States Department of Justice (“DOJ”) pursuant to the Antitrust Civil Process Act.  The CID seeks documents and information from us for the period from May 29, 2011 through the date of the CID in connection with a DOJ investigation related to pressure pumping services in the United States.  We are working with the DOJ to provide the requested documents and information. We are not able to predict what action, if any, might be taken in the future by the DOJ or other governmental authorities as a result of the investigation.
	On September 19, 2012, our subsidiary, Baker Hughes Oilfield Operations, Inc. (“BHOO”) terminated a sand supply agreement it had entered into with Hi-Crush Operating, LLC (“Hi-Crush”) on October 28, 2011 (as amended by the First Amendment to Supply Agreement on May 10, 2012, collectively the “Supply Agreement”) as a result of Hi-Crush's breach of the Supply Agreement. On November 12, 2012, Hi-Crush filed a lawsuit against BHOO in the 129th Judicial District Court in Harris County, Texas, Cause No. 2012-67261; Hi-Crush Operating, LLC v. Baker Hughes Oilfield Operations, Inc. In its petition, Hi-Crush claimed that BHOO's termination was “invalid” constituting a breach and that BHOO “anticipatorily repudiated the Supply Agreement without just excuse.” Hi-Crush claimed that it was entitled to recover liquidated damages of $187 million based on the undelivered Minimum Purchase Requirement provision defined in the Supply Agreement; in the alternative, Hi-Crush sought an unspecified amount of actual damages. On December 17, 2012, BHOO filed a responsive pleading denying Hi-Crush's allegations and also filed a counter claim for breach of contract. On October 10, 2013, BHOO and Hi-Crush entered into a settlement agreement pursuant to which both parties agreed to jointly dismiss the above litigation.  In connection with this settlement agreement, the parties have entered into a new supply agreement.  The settlement agreement did not have a material impact on our financial position, results of operations or cash flows.
	OTHER
	In the normal course of business with customers, vendors and others, we have entered into off-balance sheet arrangements, including surety bonds for performance, letters of credit and other bank guarantees, which totaled approximately $1.5 billion at September 30, 2013. It is not practicable to estimate the fair value of these financial instruments. None of the off-balance sheet arrangements either has, or is likely to have, a material effect on our financial position, results of operations or cash flows.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS
	Total accumulated other comprehensive loss consists of the following:
		Pensions and Other Postretirement Benefits				Currency Translation Adjustments				Hedge Transactions				Accumulated Other Comprehensive Loss
	Balance at December 31, 2012		$	(250	)		$	(226	)		$	—			$	(476	)
	Other comprehensive loss before reclassifications		—				(50		)		(1		)		(51		)
	Amounts reclassified from accumulated other comprehensive loss		13				—				—				13
	Deferred taxes		(4		)		—				—				(4		)
	Balance at September 30, 2013		$	(241	)		$	(276	)		$	(1	)		$	(518	)
		Pensions and Other Postretirement Benefits				Currency Translation Adjustments				Hedge Transactions				Accumulated Other Comprehensive Loss
	Balance at December 31, 2011		$	(251	)		$	(304	)		$	—			$	(555	)
	Other comprehensive income before reclassifications		9				61				1				71
	Amounts reclassified from accumulated other comprehensive loss		16				—				—				16
	Deferred taxes		(6		)		—				—				(6		)
	Balance at September 30, 2012		$	(232	)		$	(243	)		$	1			$	(474	)
	The amounts reclassified from accumulated other comprehensive loss during the nine months ended September 30, 2012 and 2013 represent the amortization of prior service benefit and net actuarial loss which are included in the computation of net periodic pension cost (see Note 8. Employee Benefit Plans for additional details). Net periodic pension cost is recorded in cost of sales and services, research and engineering, and marketing, general and administrative expenses.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations
	Baker Hughes Incorporated (“Baker Hughes,” “Company,” “we,” “our,” or “us,”) is a leading supplier of oilfield services, products, technology and systems used for drilling, formation evaluation, completion and production, pressure pumping, and reservoir development in the worldwide oil and natural gas industry. We also provide products and services for other businesses, including downstream refining, and process and pipeline services.
Basis of Presentation	Basis of Presentation
	Our unaudited consolidated condensed financial statements included herein have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S.”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, certain information and disclosures normally included in our annual financial statements have been condensed or omitted. These unaudited consolidated condensed financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2012 (“2012 Annual Report”). We believe the unaudited consolidated condensed financial statements included herein reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the interim periods. Certain prior year amounts have been reclassified to present our Process and Pipelines Services business as continuing operations, consistent with the presentation in our 2012 Annual Report. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. In the notes to the unaudited consolidated condensed financial statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated.
New Accounting Standards Updates	New Accounting Standards Updates
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires entities to present separately, among other items, the amount of the change that is due to reclassifications, and the amount that is due to current period other comprehensive income. We adopted the new presentation requirements in the notes to our financial statements in the first quarter of 2013.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share (Table) [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	A reconciliation of the number of shares used for the basic and diluted earnings per share (“EPS”) computations is as follows:
		Three Months Ended September 30,		Nine Months Ended September 30,
		2013	2012	2013	2012
	Weighted average common shares outstanding for basic EPS	444	440	443	440
	Effect of dilutive securities - stock plans	1	1	1	1
	Adjusted weighted average common shares outstanding for diluted EPS	445	441	444	441
	Future potentially dilutive shares excluded from diluted EPS:
	Options with an exercise price greater than the average market price for the period	5	8	8	8

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]
Inventories, net of reserves	Inventories, net of reserves, are comprised of the following:
		September 30,		December 31,
		2013		2012
	Finished goods	$	3,500	$	3,336
	Work in process	240		228
	Raw materials	220		217
	Total inventories	$	3,960	$	3,781

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Schedule of Definite Lived and Indefinite Lived Intangible [Table Text Block]	Intangible assets are comprised of the following:
		September 30, 2013						December 31, 2012
		Gross		Less:		Net		Gross		Less:		Net
		Carrying		Accumulated				Carrying		Accumulated
		Amount		Amortization				Amount		Amortization
	Definite lived intangibles:
	Technology	$	816	$	323	$	493	$	787	$	282	$	505
	Contract-based	16		11		5		16		10		6
	Trade names	121		76		45		121		60		61
	Customer relationships	494		148		346		494		117		377
	Subtotal	1,447		558		889		1,418		469		949
	Indefinite lived intangibles:
	In-process research and development	26		—		26		44		—		44
	Total intangible assets	$	1,473	$	558	$	915	$	1,462	$	469	$	993

Intangible_Assets_Amortization

Intangible Assets Amortization expense for the reminder of current year and subsequent five fiscal years (Tables)	9 Months Ended
	Sep. 30, 2013
Schedule of Finite-Lived Future Estimated Amortization Expense [Line Items]
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Amortization expense of these intangibles over the remainder of 2013 and for each of the subsequent five fiscal years is expected to be as follows:
	Year	Estimated Amortization Expense
	Remainder of 2013	$	30
	2014	105
	2015	97
	2016	96
	2017	92
	2018	86

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2013
Segment Reporting Information [Line Items]
Summarized financial information	Summarized financial information is shown in the following table:
		Three Months Ended					Three Months Ended
		September 30, 2013					September 30, 2012
	Segments	Revenue		Profit (Loss) Before Taxes			Revenue		Profit (Loss) Before Taxes
	North America	$	2,854	$	295		$	2,742	$	288
	Latin America	557		(23		)	583		45
	Europe/Africa/Russia Caspian	984		170			866		104
	Middle East/Asia Pacific	1,064		156			844		70
	Industrial Services and Other	328		38			320		38
	Total Operations	5,787		636			5,355		545
	Corporate and Other	—		(60		)	—		(59		)
	Interest expense, net	—		(58		)	—		(49		)
	Total	$	5,787	$	518		$	5,355	$	437
		Nine Months Ended					Nine Months Ended
		September 30, 2013					September 30, 2012
	Segments	Revenue		Profit (Loss) Before Taxes			Revenue		Profit (Loss) Before Taxes
	North America	$	8,134	$	741		$	8,277	$	1,046
	Latin America	1,704		8			1,760		189
	Europe/Africa/Russia Caspian	2,804		414			2,684		413
	Middle East/Asia Pacific	2,929		387			2,393		232
	Industrial Services and Other	933		101			922		104
	Total Operations	16,504		1,651			16,036		1,984
	Corporate and Other	—		(184		)	—		(232		)
	Interest expense, net	—		(173		)	—		(153		)
	Total	$	16,504	$	1,294		$	16,036	$	1,599

Employee_Benefit_Plans_Tables

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	The components of net periodic pension cost are as follows for the three months ended September 30:
		U.S. Pension Plans						Non-U.S. Pension Plans						Other Postretirement Benefits
		2013			2012			2013			2012			2013			2012
	Service cost	$	16		$	16		$	4		$	2		$	1		$	3
	Interest cost	5			5			8			8			1			2
	Expected return on plan assets	(9		)	(9		)	(9		)	(9		)	—			—
	Amortization of prior service benefit	—			—			—			—			(2		)	—
	Amortization of net actuarial loss	3			4			2			2			1			—
	Net periodic pension cost	$	15		$	16		$	5		$	3		$	1		$	5
	The components of net periodic pension cost are as follows for the nine months ended September 30:
		U.S. Pension Plans						Non-U.S. Pension Plans						Other Postretirement Benefits
		2013			2012			2013			2012			2013			2012
	Service cost	$	48		$	48		$	12		$	6		$	5		$	9
	Interest cost	16			15			24			24			3			6
	Expected return on plan assets	(29		)	(27		)	(29		)	(27		)	—			—
	Amortization of prior service benefit	—			—			—			—			(6		)	(2		)
	Amortization of net actuarial loss	10			12			6			5			3			1
	Benefit settlement	—			—			—			6			—			—
	Net periodic pension cost	$	45		$	48		$	13		$	14		$	5		$	14

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2013																	Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Total accumulated other comprehensive loss consists of the following:
																			Pensions and Other Postretirement Benefits				Currency Translation Adjustments				Hedge Transactions			Accumulated Other Comprehensive Loss
		Pensions and Other Postretirement Benefits				Currency Translation Adjustments				Hedge Transactions				Accumulated Other Comprehensive Loss				Balance at December 31, 2011		$	(251	)		$	(304	)		$	—		$	(555	)
	Balance at December 31, 2012		$	(250	)		$	(226	)		$	—			$	(476	)
																		Other comprehensive income before reclassifications		9				61				1			71
	Other comprehensive loss before reclassifications		—				(50		)		(1		)		(51		)
																		Amounts reclassified from accumulated other comprehensive loss		16				—				—			16
	Amounts reclassified from accumulated other comprehensive loss		13				—				—				13
																		Deferred taxes		(6		)		—				—			(6		)
	Deferred taxes		(4		)		—				—				(4		)
																		Balance at September 30, 2012		$	(232	)		$	(243	)		$	1		$	(474	)
	Balance at September 30, 2013		$	(241	)		$	(276	)		$	(1	)		$	(518	)

Venezuelan_Currency_Devaluatio1

Venezuelan Currency Devaluation (Details) (Venezuela, Bolivars Fuertes, USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
Venezuela, Bolivars Fuertes
Prior Exchange Rate	4.3
New Currency Exchange Rate	6.3
Foreign Currency Transaction Loss, before Tax	$23

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]
Weighted average common shares outstanding for basic EPS	444	440	443	440
Effect of dilutive securities - stock plans	1	1	1	1
Adjusted weighted average common shares outstanding for diluted EPS	445	441	444	441
Future potentially dilutive shares excluded from diluted EPS:
Options with an exercise price greater than the average market price for the period	5	8	8	8

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Inventories, net of reserves [Abstract]
Finished goods	$3,500	$3,336
Work in process	240	228
Raw materials	220	217
Total inventories	$3,960	$3,781

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	$1,447	$1,418
Intangible Assets, Gross (Excluding Goodwill)	1,473	1,462
Finite-Lived Intangible Assets, Accumulated Amortization	558	469
Intangible Assets, Net (Excluding Goodwill)	915	993
Finite-Lived Intangible Assets, Net	889	949
Technology-Based Intangible Assets [Member]
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	816	787
Finite-Lived Intangible Assets, Accumulated Amortization	323	282
Finite-Lived Intangible Assets, Net	493	505
Contract-Based Intangible Assets [Member]
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	16	16
Finite-Lived Intangible Assets, Accumulated Amortization	11	10
Finite-Lived Intangible Assets, Net	5	6
Trade Names [Member]
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	121	121
Finite-Lived Intangible Assets, Accumulated Amortization	76	60
Finite-Lived Intangible Assets, Net	45	61
Customer Relationships [Member]
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Finite-Lived Intangible Assets, Gross	494	494
Finite-Lived Intangible Assets, Accumulated Amortization	148	117
Finite-Lived Intangible Assets, Net	346	377
In Process Research and Development [Member]
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	26	44
Indefinite Lived Intangible Assets Accumulated Amortization	$0	$0

Intangible_Assets_Schedule_of_

Intangible Assets Schedule of Finite-Lived Intangible Assets (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets included in net income	$30	$34	$89	$97
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years

Intangible_Assets_Amortization1

Intangible Assets Amortization expense for the reminder of current year and subsequent five fiscal years (Details) (USD $)	Sep. 30, 2013
In Millions, unless otherwise specified
Schedule of Finite-Lived Future Estimated Amortization Expense [Line Items]
Reminder of 2013	$30
2014	105
2015	97
2016	96
2017	92
2018	$86

Financial_Instruments_Details

Financial Instruments (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Financial Instruments (Textual) [Abstract]
Debt, fair value	$5,134	$5,829
Debt, carrying amount	$4,575	$4,916

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Summarized financial information [Abstract]
Revenue	$5,787	$5,355	$16,504	$16,036
Profit (Loss) Before Taxes	518	437	1,294	1,599
Industrial Services and Other
Summarized financial information [Abstract]
Revenue	328	320	933	922
Profit (Loss) Before Taxes	38	38	101	104
Total Operations
Summarized financial information [Abstract]
Revenue	5,787	5,355	16,504	16,036
Profit (Loss) Before Taxes	636	545	1,651	1,984
Corporate and Other
Summarized financial information [Abstract]
Revenue	0	0	0	0
Profit (Loss) Before Taxes	-60	-59	-184	-232
Interest expense, net
Summarized financial information [Abstract]
Revenue	0	0	0	0
Profit (Loss) Before Taxes	-58	-49	-173	-153
North America
Summarized financial information [Abstract]
Revenue	2,854	2,742	8,134	8,277
Profit (Loss) Before Taxes	295	288	741	1,046
Latin America
Summarized financial information [Abstract]
Revenue	557	583	1,704	1,760
Profit (Loss) Before Taxes	-23	45	8	189
Europe/Africa/Russia Caspian
Summarized financial information [Abstract]
Revenue	984	866	2,804	2,684
Profit (Loss) Before Taxes	170	104	414	413
Middle East/Asia Pacific
Summarized financial information [Abstract]
Revenue	1,064	844	2,929	2,393
Profit (Loss) Before Taxes	$156	$70	$387	$232

Employee_Benefit_Plans_Details

Employee Benefit Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
U.S. Pension Plans
Components of net periodic benefit cost [Abstract]
Service cost	$16	$16	$48	$48
Interest cost	5	5	16	15
Expected return on plan assets	-9	-9	-29	-27
Amortization of prior service benefit	0	0	0	0
Amortization of net actuarial loss	3	4	10	12
Benefit settlement			0	0
Net periodic pension cost	15	16	45	48
Non-U.S. Pension Plans
Components of net periodic benefit cost [Abstract]
Service cost	4	2	12	6
Interest cost	8	8	24	24
Expected return on plan assets	-9	-9	-29	-27
Amortization of prior service benefit	0	0	0	0
Amortization of net actuarial loss	2	2	6	5
Benefit settlement			0	6
Net periodic pension cost	5	3	13	14
Other Postretirement Benefits
Components of net periodic benefit cost [Abstract]
Service cost	1	3	5	9
Interest cost	1	2	3	6
Expected return on plan assets	0	0	0	0
Amortization of prior service benefit	-2	0	-6	-2
Amortization of net actuarial loss	1	0	3	1
Benefit settlement			0	0
Net periodic pension cost	$1	$5	$5	$14

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]
Liquidated Damages	$187,000,000
Off-balance sheet arrangements related to letters of credit and other bank issued guarantees, total	$1,500,000,000

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	($476)	($555)
Other comprehensive loss before reclassifications	-51	71
Amounts reclassified from accumulated other comprehensive loss	13	16
Deferred taxes	-4	-6
Ending Balance	-518	-474
Pensions and Other Postretirement Benefits
Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	-250	-251
Other comprehensive loss before reclassifications	0	9
Amounts reclassified from accumulated other comprehensive loss	13	16
Deferred taxes	-4	-6
Ending Balance	-241	-232
Currency Translation Adjustments
Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	-226	-304
Other comprehensive loss before reclassifications	-50	61
Amounts reclassified from accumulated other comprehensive loss	0	0
Deferred taxes	0	0
Ending Balance	-276	-243
Hedge Transactions
Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	0	0
Other comprehensive loss before reclassifications	-1	1
Amounts reclassified from accumulated other comprehensive loss	0	0
Deferred taxes	0	0
Ending Balance	($1)	$1