BAKER HUGHES a GE (BHI) 10-Q 23 Apr 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 17, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'BAKER HUGHES INC	'
Entity Central Index Key	'0000808362	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	435,977,068

Consolidated_Condensed_Stateme

Consolidated Condensed Statements of Income (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue:	'	'
Sales	$1,857	$1,749
Services	3,874	3,481
Total revenue	5,731	5,230
Costs and expenses:	'	'
Cost of sales	1,501	1,384
Cost of services	3,219	2,942
Research and engineering	143	127
Marketing, general and administrative	316	322
Total costs and expenses	5,179	4,775
Operating income	552	455
Interest expense, net	-57	-55
Income before income taxes	495	400
Income taxes	-159	-132
Net income	336	268
Net income attributable to noncontrolling interests	-8	-1
Net income attributable to Baker Hughes	$328	$267
Basic earnings per share attributable to Baker Hughes	$0.75	$0.60
Diluted earnings per share attributable to Baker Hughes	$0.74	$0.60
Cash dividends per share	$0.15	$0.15

Consolidated_Condensed_Stateme1

Consolidated Condensed Statements of Comprehensive Income (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'
Net income	$336	$268
Other comprehensive income (loss):	'	'
Foreign currency translation adjustments during the period	-26	-80
Pension and other postretirement benefits, net of tax	-4	10
Other comprehensive loss	-30	-70
Comprehensive income	306	198
Comprehensive income attributable to noncontrolling interests	-8	-1
Comprehensive income attributable to Baker Hughes	$298	$197

Consolidated_Condensed_Balance

Consolidated Condensed Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$1,200	$1,399
Accounts receivable - less allowance for doubtful accounts (2014 - $244; 2013 - $238)	5,267	5,138
Inventories, net	3,995	3,884
Deferred income taxes	364	380
Other current assets	440	494
Total current assets	11,266	11,295
Property, plant and equipment - less accumulated depreciation (2014 - $7,503; 2013 - $7,219)	9,055	9,076
Goodwill	5,997	5,966
Intangible assets, net	862	883
Other assets	716	714
Total assets	27,896	27,934
Current liabilities:	'	'
Accounts payable	2,486	2,574
Short-term debt and current portion of long-term debt	625	499
Accrued employee compensation	662	778
Income taxes payable	300	213
Other accrued liabilities	453	514
Total current liabilities	4,526	4,578
Long-term debt	3,878	3,882
Deferred income taxes and other tax liabilities	728	821
Liabilities for pensions and other postretirement benefits	582	583
Other liabilities	181	158
Commitments and contingencies	'	'
Equity:	'	'
Common stock	436	438
Capital in excess of par value	7,195	7,341
Retained earnings	10,700	10,438
Accumulated other comprehensive loss	-534	-504
Baker Hughes stockholders’ equity	17,797	17,713
Noncontrolling interests	204	199
Total equity	18,001	17,912
Total liabilities and equity	$27,896	$27,934

Consolidated_Condensed_Balance1

Consolidated Condensed Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Allowance for doubtful accounts	$244	$238
Accumulated depreciation	$7,503	$7,219

Consolidated_Condensed_Stateme2

Consolidated Condensed Statements of Changes in Equity (USD $)	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss	Non-controlling Interests
In Millions, unless otherwise specified
Balance at Dec. 31, 2012	$17,268	$441	$7,495	$9,609	($476)	$199
Comprehensive income:	'	'	'	'	'	'
Net income	268	'	'	267	'	1
Other comprehensive income (loss)	-70	'	'	'	-70	'
Activity related to stock plans	-12	1	-13	'	'	'
Stock-based compensation	36	'	36	'	'	'
Cash dividends ($0.15 per share)	-66	'	'	-66	'	'
Net activity related to noncontrolling interests	-6	'	'	'	'	-6
Balance at Mar. 31, 2013	17,418	442	7,518	9,810	-546	194
Balance at Dec. 31, 2013	17,912	438	7,341	10,438	-504	199
Comprehensive income:	'	'	'	'	'	'
Net income	336	'	'	328	'	8
Other comprehensive income (loss)	-30	'	'	'	-30	'
Activity related to stock plans	20	1	19	'	'	'
Repurchase and retirement of common stock	-200	-3	-197	'	'	'
Stock-based compensation	32	'	32	'	'	'
Cash dividends ($0.15 per share)	-66	'	'	-66	'	'
Net activity related to noncontrolling interests	-3	'	'	'	'	-3
Balance at Mar. 31, 2014	$18,001	$436	$7,195	$10,700	($534)	$204

Consolidated_Condensed_Stateme3

Consolidated Condensed Statements of Changes in Equity (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Stockholders' Equity [Abstract]	'	'
Cash dividends per share	$0.15	$0.15

Consolidated_Condensed_Stateme4

Consolidated Condensed Statements of Cash Flows (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net income	$336	$268
Adjustments to reconcile net income to net cash flows from operating activities:	'	'
Depreciation and amortization	437	415
Other noncash items	-33	-3
Changes in operating assets and liabilities:	'	'
Accounts receivable	-161	-378
Inventories	-116	-124
Accounts payable	-85	312
Other operating items, net	-75	-104
Net cash flows provided by operating activities	303	386
Cash flows from investing activities:	'	'
Expenditures for capital assets	-439	-490
Proceeds from disposal of assets	100	94
Other investing items, net	-25	0
Net cash flows used in investing activities	-364	-396
Cash flows from financing activities:	'	'
Net proceeds of commercial paper borrowings and other debt with three months or less original maturity	125	200
Net repayments of short-term debt with greater than three months original maturity	-11	-24
Repurchase of common stock	-200	0
Dividends paid	-66	-66
Other financing items, net	14	-10
Net cash flows (used in) provided by financing activities	-138	100
Effect of foreign exchange rate changes on cash and cash equivalents	0	-4
(Decrease) increase in cash and cash equivalents	-199	86
Cash and cash equivalents, beginning of period	1,399	1,015
Cash and cash equivalents, end of period	1,200	1,101
Supplemental cash flows disclosures:	'	'
Income taxes paid, net of refunds	57	133
Interest paid	73	71
Supplemental disclosure of noncash investing activities:	'	'
Capital expenditures included in accounts payable	$93	$80

Summary_of_Significant_Account

Summary of Significant Accounting Policies - (Notes)	3 Months Ended
	Mar. 31, 2014
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 chemicals, 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, 2013 (“2013 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. 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 Unaudited Consolidated Condensed Financial Statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated.

Venezuelan_Currency_Devaluatio

Venezuelan Currency Devaluation - (Notes)	3 Months Ended
	Mar. 31, 2013
Foreign Currency [Abstract]	'
Venezuelan Currency Devaluation	'
	VENEZUELAN CURRENCY DEVALUATION
	In January 2014, the Venezuelan government modified the currency exchange system whereby the official exchange rate of 6.3 Bolivares Fuertes (“BsF”) to the U.S. Dollar applies to certain economic sectors related to purchases of “essential goods and services” while other sectors of the economy apply an exchange rate determined by an auction process conducted by Venezuela's Complimentary System of Foreign Currency Administration (“SICAD 1”). Participation in the SICAD 1 mechanism is controlled by the Venezuelan government and is limited to certain companies that operate in designated industry sectors. In late March 2014, a third currency exchange mechanism was established (“SICAD 2”), which is expected to allow other economic sectors and companies to participate in the auction process.
	While the functional currency of our operations in Venezuela is the U.S. Dollar, a portion of the transactions and balances are denominated in BsF. For financial reporting purposes, we remeasure the local currency balances into U.S. Dollars at the official exchange rate of 6.3 BsF to the U.S. Dollar. We are assessing the applicability and impact, if any, on our business of the change in the currency exchange mechanisms and exchange rates. We do not believe the changes will have a material impact on our financial position, results of operations or cash flows. If we applied a higher exchange rate, we would incur a loss in 2014. For example, if we were to apply an exchange rate of 10.7 BsF per U.S. Dollar, the closing rate of the last SICAD 1 auction in March 2014, to our local currency denominated balances at March 31, 2014, it would result in a loss of approximately $7 million.
	In February 2013, Venezuela's currency was devalued from the prior exchange rate of 4.3 BsF per U.S. Dollar to 6.3 BsF 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_Notes

Earnings Per Share - (Notes)	3 Months Ended
	Mar. 31, 2014
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 March 31,
		2014	2013
	Weighted average common shares outstanding for basic EPS	439	443
	Effect of dilutive securities - stock plans	2	1
	Adjusted weighted average common shares outstanding for diluted EPS	441	444
	Future potentially dilutive shares excluded from diluted EPS:
	Options with an exercise price greater than the average market price for the period	3	8

Inventories_Notes

Inventories - (Notes)	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	INVENTORIES
	Inventories, net of reserves, are comprised of the following:
		March 31,		December 31,
		2014		2013
	Finished goods	$	3,541	$	3,438
	Work in process	234		215
	Raw materials	220		231
	Total inventories	$	3,995	$	3,884

Intangible_Assets_Notes

Intangible Assets - (Notes)	3 Months Ended
	Mar. 31, 2014
Intangible Assets Disclosure [Abstract]	'
Intangible Assets Disclosure	'
	INTANGIBLE ASSETS
	Intangible assets are comprised of the following:
		March 31, 2014						December 31, 2013
		Gross		Less:		Net		Gross		Less:		Net
		Carrying		Accumulated				Carrying		Accumulated
		Amount		Amortization				Amount		Amortization
	Technology	$	817	$	350	$	467	$	814	$	337	$	477
	Customer relationships	496		167		329		494		157		337
	Trade names	120		85		35		120		82		38
	Other (1)	43		12		31		43		12		31
	Total intangible assets	$	1,476	$	614	$	862	$	1,471	$	588	$	883
	(1)	Includes indefinite-lived intangibles of $27 million at March 31, 2014 and December 31, 2013 related to in-process research and development projects.
	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 ended March 31, 2014 was $26 million, as compared to $30 million reported in 2013 for the same period.
	Amortization expense of these intangibles over the remainder of 2014 and for each of the subsequent five fiscal years is expected to be as follows:
	Year	Estimated Amortization Expense
	Remainder of 2014	$	78
	2015	97
	2016	95
	2017	91
	2018	86
	2019	83

Financial_Instruments_Notes

Financial Instruments - (Notes)	3 Months Ended
	Mar. 31, 2014
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 March 31, 2014 and December 31, 2013 approximates their carrying value as reflected in our unaudited consolidated condensed balance sheets.
	The estimated fair value of total debt at March 31, 2014 and December 31, 2013 was $5,097 million and $4,857 million, respectively, which differs from the carrying amounts of $4,503 million and $4,381 million, respectively, included in our unaudited consolidated condensed balance sheets. The fair value was determined using quoted period-end market prices.

Segment_Information_Notes

Segment Information - (Notes)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	SEGMENT INFORMATION
	We are a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas business, referred to as oilfield operations, which are managed through operating segments that are aligned with our geographic regions. We also provide services and products to the downstream chemicals, and process and pipeline industries, referred to as Industrial Services.
	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
		March 31, 2014					March 31, 2013
	Segments	Revenue		Profit (Loss) Before Taxes			Revenue		Profit (Loss) Before Taxes
	North America	$	2,776	$	258		$	2,603	$	235
	Latin America	530		55			590		49
	Europe/Africa/Russia Caspian	996		142			854		93
	Middle East/Asia Pacific	1,108		135			894		116
	Industrial Services	321		27			289		24
	Total Operations	5,731		617			5,230		517
	Corporate and other	—		(65		)	—		(62		)
	Interest expense, net	—		(57		)	—		(55		)
	Total	$	5,731	$	495		$	5,230	$	400

Employee_Benefit_Plans_Notes

Employee Benefit Plans - (Notes)	3 Months Ended
	Mar. 31, 2014
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 ("Pension Benefits") covering certain employees primarily in the U.S., the United Kingdom, 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 cost are as follows for the three months ended March 31:
		U.S. Pension Benefits						Non-U.S. Pension Benefits						Other Postretirement Benefits
		2014			2013			2014			2013			2014			2013
	Service cost	$	17		$	16		$	3		$	4		$	1		$	2
	Interest cost	7			6			9			8			2			1
	Expected return on plan assets	(11		)	(10		)	(10		)	(10		)	—			—
	Amortization of prior service credit	—			—			—			—			(1		)	(2		)
	Amortization of net actuarial loss	2			3			1			2			1			1
	Other	—			—			—			—			(4		)	—
	Net periodic cost	$	15		$	15		$	3		$	4		$	(1	)	$	2

Commitments_and_Contingencies_

Commitments and Contingencies - (Notes)	3 Months Ended
	Mar. 31, 2014
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 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. A range of total possible losses for all litigation matters cannot be reasonably estimated. 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.
	We insure against risks arising from our business 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 or future legal proceedings or other claims. Most of our 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.
	On October 21, 2013, a collective action lawsuit alleging that we failed to pay an as-yet-undetermined class of workers overtime in compliance with the Fair Labor Standards Act was filed titled Zamora et al. v. Baker Hughes Incorporated in the U.S. District Court for the Southern District of Texas, Corpus Christi Division. On October 10, 2013, a class and collective action lawsuit alleging that we failed to pay a nationwide class of workers overtime in compliance with the Fair Labor Standards Act and certain state laws was filed titled Lea et al. v. Baker Hughes, Inc. in the U.S. District Court for the Southern District of Texas, Galveston Division. We are evaluating the background facts and at this time are not able to predict the outcome of these lawsuits or the amount of any loss that may arise from them.
	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.
	OTHER
	In the normal course of business with customers, vendors and others, we have entered into off-balance sheet arrangements, such as surety bonds for performance, letters of credit and other bank issued guarantees, which totaled approximately $1.5 billion at March 31, 2014. 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 - (Notes)	3 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'
Accumulated Other Comprehensive Loss	'
	ACCUMULATED OTHER COMPREHENSIVE LOSS
	The following tables present the changes in accumulated other comprehensive loss, net of tax:
		Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss
	Balance at December 31, 2013		$	(217	)		$	(287	)		$	(504	)
	Other comprehensive loss before reclassifications		(4		)		(26		)		(30		)
	Amounts reclassified from accumulated other comprehensive loss		(1		)		—				(1		)
	Deferred taxes		1				—				1
	Balance at March 31, 2014		$	(221	)		$	(313	)		$	(534	)
		Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss
	Balance at December 31, 2012		$	(250	)		$	(226	)		$	(476	)
	Other comprehensive loss before reclassifications		—				(80		)		(80		)
	Amounts reclassified from accumulated other comprehensive loss		16				—				16
	Deferred taxes		(6		)		—				(6		)
	Balance at March 31, 2013		$	(240	)		$	(306	)		$	(546	)
	The amounts reclassified from accumulated other comprehensive loss during the three months ended March 31, 2014 and 2013 represent the amortization of net actuarial loss, prior service credit, and other 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)	3 Months Ended
	Mar. 31, 2014
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 chemicals, 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, 2013 (“2013 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. 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 Unaudited Consolidated Condensed Financial Statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated.

Earnings_Per_Share_Tables

Earnings Per Share - (Tables)	3 Months Ended
	Mar. 31, 2014
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 March 31,
		2014	2013
	Weighted average common shares outstanding for basic EPS	439	443
	Effect of dilutive securities - stock plans	2	1
	Adjusted weighted average common shares outstanding for diluted EPS	441	444
	Future potentially dilutive shares excluded from diluted EPS:
	Options with an exercise price greater than the average market price for the period	3	8

Inventories_Tables

Inventories - (Tables)	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories, net of reserves	'
	Inventories, net of reserves, are comprised of the following:
		March 31,		December 31,
		2014		2013
	Finished goods	$	3,541	$	3,438
	Work in process	234		215
	Raw materials	220		231
	Total inventories	$	3,995	$	3,884

Intangible_Assets_Tables

Intangible Assets - (Tables)	3 Months Ended
	Mar. 31, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]	'
Schedule of Finite-Lived Intangible Assets [Table Text Block]	'
	Intangible assets are comprised of the following:
		March 31, 2014						December 31, 2013
		Gross		Less:		Net		Gross		Less:		Net
		Carrying		Accumulated				Carrying		Accumulated
		Amount		Amortization				Amount		Amortization
	Technology	$	817	$	350	$	467	$	814	$	337	$	477
	Customer relationships	496		167		329		494		157		337
	Trade names	120		85		35		120		82		38
	Other (1)	43		12		31		43		12		31
	Total intangible assets	$	1,476	$	614	$	862	$	1,471	$	588	$	883
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	Amortization expense of these intangibles over the remainder of 2014 and for each of the subsequent five fiscal years is expected to be as follows:
	Year	Estimated Amortization Expense
	Remainder of 2014	$	78
	2015	97
	2016	95
	2017	91
	2018	86
	2019	83

Segment_Information_Tables

Segment Information - (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting Information [Line Items]	'
Summarized financial information	'
	Summarized financial information is shown in the following table:
		Three Months Ended					Three Months Ended
		March 31, 2014					March 31, 2013
	Segments	Revenue		Profit (Loss) Before Taxes			Revenue		Profit (Loss) Before Taxes
	North America	$	2,776	$	258		$	2,603	$	235
	Latin America	530		55			590		49
	Europe/Africa/Russia Caspian	996		142			854		93
	Middle East/Asia Pacific	1,108		135			894		116
	Industrial Services	321		27			289		24
	Total Operations	5,731		617			5,230		517
	Corporate and other	—		(65		)	—		(62		)
	Interest expense, net	—		(57		)	—		(55		)
	Total	$	5,731	$	495		$	5,230	$	400

Employee_Benefit_Plans_Tables

Employee Benefit Plans - (Tables)	3 Months Ended
	Mar. 31, 2014
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 cost are as follows for the three months ended March 31:
		U.S. Pension Benefits						Non-U.S. Pension Benefits						Other Postretirement Benefits
		2014			2013			2014			2013			2014			2013
	Service cost	$	17		$	16		$	3		$	4		$	1		$	2
	Interest cost	7			6			9			8			2			1
	Expected return on plan assets	(11		)	(10		)	(10		)	(10		)	—			—
	Amortization of prior service credit	—			—			—			—			(1		)	(2		)
	Amortization of net actuarial loss	2			3			1			2			1			1
	Other	—			—			—			—			(4		)	—
	Net periodic cost	$	15		$	15		$	3		$	4		$	(1	)	$	2

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss - (Tables)	3 Months Ended
	Mar. 31, 2014													Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'													'
Accumulated Other Comprehensive Loss	'													'
	The following tables present the changes in accumulated other comprehensive loss, net of tax:
															Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss
		Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss				Balance at December 31, 2012		$	(250	)		$	(226	)		$	(476	)
	Balance at December 31, 2013		$	(217	)		$	(287	)		$	(504	)	Other comprehensive loss before reclassifications		—				(80		)		(80		)
	Other comprehensive loss before reclassifications		(4		)		(26		)		(30		)
	Amounts reclassified from accumulated other comprehensive loss		(1		)		—				(1		)	Amounts reclassified from accumulated other comprehensive loss		16				—				16
	Deferred taxes		1				—				1			Deferred taxes		(6		)		—				(6		)
	Balance at March 31, 2014		$	(221	)		$	(313	)		$	(534	)	Balance at March 31, 2013		$	(240	)		$	(306	)		$	(546	)

Venezuelan_Currency_Devaluatio1

Venezuelan Currency Devaluation - (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Venezuelan bolívar fuerte	'	'
New Currency Exchange Rate	'	6.3
SICAD 1 Exchange Rate	10.7	'
Potential Foreign Currency Transaction Loss, before Tax	$7	'
Foreign Currency Transaction Loss, before Tax	'	$23
Venezuelan bolívar fuerte	'	'
Prior Exchange Rate	'	4.3

Earnings_Per_Share_Details

Earnings Per Share - (Details)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'
Weighted average common shares outstanding for basic EPS	439	443
Effect of dilutive securities - stock plans	2	1
Adjusted weighted average common shares outstanding for diluted EPS	441	444
Future potentially dilutive shares excluded from diluted EPS:	'	'
Options with an exercise price greater than the average market price for the period	3	8

Inventories_Details

Inventories - (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Inventories, net of reserves [Abstract]	'	'
Finished goods	$3,541	$3,438
Work in process	234	215
Raw materials	220	231
Total inventories	$3,995	$3,884

Intangible_Assets_Schedule_of_

Intangible Assets - Schedule of Intangible Assets by Type (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]	'		'
Finite-Lived Intangible Assets, Gross	$1,476		$1,471
Finite-Lived Intangible Assets, Accumulated Amortization	614		588
Finite-Lived Intangible Assets, Net	862		883
Technology-Based Intangible Assets	'		'
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]	'		'
Finite-Lived Intangible Assets, Gross	817		814
Finite-Lived Intangible Assets, Accumulated Amortization	350		337
Finite-Lived Intangible Assets, Net	467		477
Customer Relationships	'		'
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]	'		'
Finite-Lived Intangible Assets, Gross	496		494
Finite-Lived Intangible Assets, Accumulated Amortization	167		157
Finite-Lived Intangible Assets, Net	329		337
Trade Names	'		'
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]	'		'
Finite-Lived Intangible Assets, Gross	120		120
Finite-Lived Intangible Assets, Accumulated Amortization	85		82
Finite-Lived Intangible Assets, Net	35		38
Other Intangible Assets	'		'
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]	'		'
Finite-Lived Intangible Assets, Gross	43		43
Finite-Lived Intangible Assets, Accumulated Amortization	12		12
Finite-Lived Intangible Assets, Net	31		31
In Process Research and Development	'		'
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]	'		'
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$27	[1]	$27
[1]	Includes indefinite-lived intangibles of $27 million at March 31, 2014 and December 31, 2013 related to in-process research and development projects.

Intangible_Assets_Schedule_of_1

Intangible Assets - Schedule of Future Estimated Amortization Expense (Details) (USD $)	Mar. 31, 2014
In Millions, unless otherwise specified
Schedule of Finite-Lived Future Estimated Amortization Expense [Line Items]	'
Reminder of 2014	$78
2015	97
2016	95
2017	91
2018	86
2019	$83

Intangible_Assets_Textual_Info

Intangible Assets - Textual Information (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014		Dec. 31, 2013
			Minimum	Maximum	In Process Research and Development		In Process Research and Development
Finite-Lived Intangible Assets [Line Items]	'	'	'	'	'		'
Indefinite-Lived Intangible Assets (Excluding Goodwill)	'	'	'	'	$27	[1]	$27
Finite-Lived Intangible Asset, Useful Life	'	'	'3 years	'30 years	'		'
Amortization expense for intangible assets included in net income	$26	$30	'	'	'		'
[1]	Includes indefinite-lived intangibles of $27 million at March 31, 2014 and December 31, 2013 related to in-process research and development projects.

Financial_Instruments_Details

Financial Instruments - (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Financial Instruments (Textual) [Abstract]	'	'
Debt, fair value	$5,097	$4,857
Debt, carrying amount	$4,503	$4,381

Segment_Information_Details

Segment Information - (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Summarized financial information [Abstract]	'	'
Revenue	$5,731	$5,230
Profit (Loss) Before Taxes	495	400
North America	'	'
Summarized financial information [Abstract]	'	'
Revenue	2,776	2,603
Profit (Loss) Before Taxes	258	235
Latin America	'	'
Summarized financial information [Abstract]	'	'
Revenue	530	590
Profit (Loss) Before Taxes	55	49
Europe/Africa/Russia Caspian	'	'
Summarized financial information [Abstract]	'	'
Revenue	996	854
Profit (Loss) Before Taxes	142	93
Middle East/Asia Pacific	'	'
Summarized financial information [Abstract]	'	'
Revenue	1,108	894
Profit (Loss) Before Taxes	135	116
Industrial Services	'	'
Summarized financial information [Abstract]	'	'
Revenue	321	289
Profit (Loss) Before Taxes	27	24
Total Operations	'	'
Summarized financial information [Abstract]	'	'
Revenue	5,731	5,230
Profit (Loss) Before Taxes	617	517
Corporate and other	'	'
Summarized financial information [Abstract]	'	'
Revenue	0	0
Profit (Loss) Before Taxes	-65	-62
Interest expense, net	'	'
Summarized financial information [Abstract]	'	'
Revenue	0	0
Profit (Loss) Before Taxes	-57	-55
Total	'	'
Summarized financial information [Abstract]	'	'
Revenue	5,731	5,230
Profit (Loss) Before Taxes	$495	$400

Employee_Benefit_Plans_Details

Employee Benefit Plans - (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
U.S. Pension Benefits	'	'
Components of net periodic benefit cost [Abstract]	'	'
Service cost	$17	$16
Interest cost	7	6
Expected return on plan assets	-11	-10
Amortization of prior service credit	0	0
Amortization of net actuarial loss	2	3
Other	0	0
Net periodic cost	15	15
Non-U.S. Pension Benefits	'	'
Components of net periodic benefit cost [Abstract]	'	'
Service cost	3	4
Interest cost	9	8
Expected return on plan assets	-10	-10
Amortization of prior service credit	0	0
Amortization of net actuarial loss	1	2
Other	0	0
Net periodic cost	3	4
Other Postretirement Benefits	'	'
Components of net periodic benefit cost [Abstract]	'	'
Service cost	1	2
Interest cost	2	1
Expected return on plan assets	0	0
Amortization of prior service credit	-1	-2
Amortization of net actuarial loss	1	1
Other	-4	0
Net periodic cost	($1)	$2

Commitments_and_Contingencies_1

Commitments and Contingencies - (Details) (USD $)	Mar. 31, 2014
In Billions, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
Off-balance sheet arrangements related to letters of credit and other bank issued guarantees, total	$1.50

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss - (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Loss [Line Items]	'	'
Beginning Balance	($504)	($476)
Other comprehensive loss before reclassifications	-30	-80
Amounts reclassified from accumulated other comprehensive loss	-1	16
Deferred taxes	1	-6
Ending Balance	-534	-546
Pensions and Other Postretirement Benefits	'	'
Accumulated Other Comprehensive Loss [Line Items]	'	'
Beginning Balance	-217	-250
Other comprehensive loss before reclassifications	-4	0
Amounts reclassified from accumulated other comprehensive loss	-1	16
Deferred taxes	1	-6
Ending Balance	-221	-240
Foreign Currency Translation Adjustments	'	'
Accumulated Other Comprehensive Loss [Line Items]	'	'
Beginning Balance	-287	-226
Other comprehensive loss before reclassifications	-26	-80
Amounts reclassified from accumulated other comprehensive loss	0	0
Deferred taxes	0	0
Ending Balance	($313)	($306)