BAKER HUGHES a GE (BHI) 10-K 8 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Jan. 31, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	BAKER HUGHES INC
Entity Central Index Key	808,362
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		425,325,600
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 19,263,511,000

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue:
Sales	$ 3,870,000,000	$ 5,649,000,000	$ 8,056,000,000
Services	5,971,000,000	10,093,000,000	16,495,000,000
Total revenue	9,841,000,000	15,742,000,000	24,551,000,000
Costs and expenses:
Cost of sales	3,722,000,000	4,833,000,000	6,294,000,000
Cost of services	6,251,000,000	9,582,000,000	13,452,000,000
Research and engineering	384,000,000	466,000,000	613,000,000
Marketing, general and administrative	815,000,000	969,000,000	1,333,000,000
Impairment and restructuring charges	1,735,000,000	1,993,000,000	0
Goodwill impairment	1,858,000,000	0	0
Merger and related costs	199,000,000	295,000,000	0
Merger termination fee	(3,500,000,000)	0	0
Total costs and expenses	11,464,000,000	18,138,000,000	21,692,000,000
Operating (loss) income	(1,623,000,000)	(2,396,000,000)	2,859,000,000
Loss on sale of business interest	(97,000,000)	0	0
Loss on early extinguishment of debt	(142,000,000)	0	0
Interest expense, net	(178,000,000)	(217,000,000)	(232,000,000)
(Loss) income before income taxes	(2,040,000,000)	(2,613,000,000)	2,627,000,000
Income tax (provision) benefit	(696,000,000)	639,000,000	(896,000,000)
Net (loss) income	(2,736,000,000)	(1,974,000,000)	1,731,000,000
Net (income) loss attributable to noncontrolling interests	(2,000,000)	7,000,000	(12,000,000)
Net (loss) income attributable to Baker Hughes	$ (2,738,000,000)	$ (1,967,000,000)	$ 1,719,000,000
Basic (loss) earnings per share attributable to Baker Hughes (USD per share)	$ (6.31)	$ (4.49)	$ 3.93
Diluted (loss) earnings per share attributable to Baker Hughes (USD per share)	$ (6.31)	$ (4.49)	$ 3.92

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net (loss) income	$ (2,736)	$ (1,974)	$ 1,731
Other comprehensive (loss) income:
Foreign currency translation adjustments	(5)	(241)	(216)
Pension and other postretirement benefits, net of tax	(23)	(15)	(29)
Other comprehensive loss	(28)	(256)	(245)
Comprehensive (loss) income	(2,764)	(2,230)	1,486
Comprehensive (income) loss attributable to noncontrolling interests	(2)	7	(12)
Comprehensive (loss) income attributable to Baker Hughes	$ (2,766)	$ (2,223)	$ 1,474

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 4,572	$ 2,324
Accounts receivable - less allowance for doubtful accounts (2016 - $509; 2015 - $383)	2,251	3,217
Inventories, net	1,809	2,917
Other current assets	535	810
Total current assets	9,167	9,268
Property, plant and equipment - less accumulated depreciation (2016 - $6,567; 2015 - $7,378)	4,271	6,693
Goodwill	4,084	6,070
Intangible assets, net	318	583
Other assets	1,194	1,466
Total assets	19,034	24,080
Current Liabilities:
Accounts payable	1,027	1,409
Short-term debt and current portion of long-term debt	132	151
Accrued employee compensation	566	690
Income taxes payable	78	55
Other accrued liabilities	501	470
Total current liabilities	2,304	2,775
Long-term debt	2,886	3,890
Deferred income taxes and other tax liabilities	328	252
Liabilities for pensions and other postretirement benefits	626	646
Other liabilities	153	135
Commitments and contingencies
Equity:
Common stock, one dollar par value (shares authorized - 750; issued and outstanding: 2016 - 424; 2015 - 437)	425	437
Capital in excess of par value	6,708	7,261
Retained earnings	6,583	9,614
Accumulated other comprehensive loss	(1,033)	(1,005)
Treasury stock	(27)	(9)
Baker Hughes stockholders' equity	12,656	16,298
Noncontrolling interests	81	84
Total equity	12,737	16,382
Total liabilities and equity	$ 19,034	$ 24,080

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 509	$ 383
Accumulated depreciation	$ 6,567	$ 7,378
Common stock par value (USD per share)	$ 1	$ 1
Common stock authorized (in shares)	750,000,000	750,000,000
Common stock issued (in shares)	424,000,000	437,000,000
Common stock outstanding (in shares)	424,000,000	437,000,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Millions	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Non-controlling Interests
Beginning balance at Dec. 31, 2013	$ 17,912	$ 438	$ 7,341	$ 10,438	$ (504)	$ 0	$ 199
Comprehensive income:
Net income (loss)	1,731			1,719			12
Other comprehensive loss	(245)				(245)
Activity related to stock plans	205	5	200
Repurchase and retirement of common stock	(600)	(9)	(591)
Stock-based compensation cost	122		122
Cash dividends	(279)			(279)
Net activity related to noncontrolling interests	(116)		(10)				(106)
Ending balance at Dec. 31, 2014	18,730	434	7,062	11,878	(749)	0	105
Comprehensive income:
Net income (loss)	(1,974)			(1,967)			(7)
Other comprehensive loss	(256)				(256)
Activity related to stock plans	95	3	101			(9)
Stock-based compensation cost	120		120
Cash dividends	(297)			(297)
Net activity related to noncontrolling interests	(36)		(22)				(14)
Ending balance at Dec. 31, 2015	16,382	437	7,261	9,614	(1,005)	(9)	84
Comprehensive income:
Net income (loss)	(2,736)			(2,738)			2
Other comprehensive loss	(28)				(28)
Activity related to stock plans	55	4	69			(18)
Repurchase and retirement of common stock	(763)	(16)	(747)
Stock-based compensation cost	125		125
Cash dividends	(293)			(293)
Net activity related to noncontrolling interests	(5)						(5)
Ending balance at Dec. 31, 2016	$ 12,737	$ 425	$ 6,708	$ 6,583	$ (1,033)	$ (27)	$ 81

Consolidated Statements of Cha7

Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Cash dividends per share (USD per share)	$ 0.68	$ 0.68	$ 0.64

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net (loss) income	$ (2,736,000,000)	$ (1,974,000,000)	$ 1,731,000,000
Adjustments to reconcile net (loss) income to net cash flows from operating activities:
Depreciation and amortization	1,166,000,000	1,742,000,000	1,814,000,000
Impairment of assets	1,271,000,000	1,436,000,000	0
Goodwill impairment	1,858,000,000	0	0
Inventory write-down	583,000,000	194,000,000	0
Loss on early extinguishment of debt	142,000,000	0	0
Provision (benefit) for deferred income taxes	349,000,000	(809,000,000)	(70,000,000)
Gain on disposal of assets	(109,000,000)	(157,000,000)	(297,000,000)
Provision for doubtful accounts	188,000,000	193,000,000	102,000,000
Provision for excess and obsolete inventory	181,000,000	195,000,000	37,000,000
Other noncash items	222,000,000	120,000,000	122,000,000
Changes in operating assets and liabilities:
Accounts receivable	762,000,000	1,943,000,000	(524,000,000)
Inventories	293,000,000	703,000,000	(296,000,000)
Other current assets	441,000,000	61,000,000	23,000,000
Accounts payable	(360,000,000)	(1,349,000,000)	291,000,000
Income taxes payable	18,000,000	(305,000,000)	90,000,000
Other assets and liabilities, net	(40,000,000)	(197,000,000)	(70,000,000)
Net cash flows provided by operating activities	4,229,000,000	1,796,000,000	2,953,000,000
Cash flows from investing activities:
Expenditures for capital assets	(332,000,000)	(965,000,000)	(1,791,000,000)
Proceeds from disposal of assets	283,000,000	388,000,000	437,000,000
Proceeds from maturities of investment securities	453,000,000	0	0
Purchase of investment securities	(349,000,000)	(310,000,000)	0
Net proceeds from sale of business interest	142,000,000	0	0
Acquisition of businesses, net of cash acquired	(14,000,000)	0	(314,000,000)
Other investing items, net	20,000,000	(18,000,000)	9,000,000
Net cash flows provided by (used in) investing activities	203,000,000	(905,000,000)	(1,659,000,000)
Cash flows from financing activities:
Net repayments of commercial paper borrowings and other debt with three months or less original maturity	(29,000,000)	(53,000,000)	(216,000,000)
Repayment of short-term debt with greater than three months original maturity	(100,000,000)	(293,000,000)	(217,000,000)
Proceeds of short-term debt with greater than three months original maturity	69,000,000	301,000,000	185,000,000
Repayment of long-term debt	(1,135,000,000)	0	0
Repurchase of common stock	(763,000,000)	0	(600,000,000)
Proceeds from issuance of common stock	91,000,000	116,000,000	216,000,000
Dividends paid	(293,000,000)	(297,000,000)	(279,000,000)
Other financing items, net	(25,000,000)	(56,000,000)	(28,000,000)
Net cash flows used in financing activities	(2,185,000,000)	(282,000,000)	(939,000,000)
Effect of foreign exchange rate changes on cash and cash equivalents	1,000,000	(25,000,000)	(14,000,000)
Increase in cash and cash equivalents	2,248,000,000	584,000,000	341,000,000
Cash and cash equivalents, beginning of period	2,324,000,000	1,740,000,000	1,399,000,000
Cash and cash equivalents, end of period	4,572,000,000	2,324,000,000	1,740,000,000
Supplemental cash flows disclosures:
Income taxes paid, net of refunds	(74,000,000)	483,000,000	881,000,000
Interest paid	217,000,000	242,000,000	250,000,000
Supplemental disclosure of noncash investing activities:
Capital expenditures included in accounts payable	$ 33,000,000	$ 44,000,000	$ 171,000,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
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 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 consolidated financial statements are prepared in conformity with United States generally accepted accounting principles ("GAAP"). The consolidated financial statements include the accounts of Baker Hughes and all of our subsidiaries where we exercise control. For investments in subsidiaries that are not wholly-owned, but where we exercise control, the equity held by the minority owners and their portions of net income (loss) are reflected as noncontrolling interests. Investments over which we have the ability to exercise significant influence over operating and financial policies, but do not hold a controlling interest, are accounted for using the equity method of accounting. Intercompany accounts and transactions have been eliminated in consolidation. In the Notes to Consolidated Financial Statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated. Beginning in 2016, all merger and related costs are presented as a separate line item in the consolidated statements of income (loss). Prior year merger and related costs were reclassified to conform to the current year presentation. See Note. 2 "Halliburton Merger Agreement" and Note 3. "General Electric Transaction Agreement" for further information. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of any contingent assets or liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. We base our estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty, and accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. While we believe that the estimates and assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates. Estimates are used for, but are not limited to, determining the following: allowance for doubtful accounts and inventory valuation reserves; recoverability of long-lived assets; useful lives used in depreciation and amortization; income taxes and related valuation allowances; accruals for contingencies; actuarial assumptions to determine costs and liabilities related to employee benefit plans; stock-based compensation expense and the fair value of assets acquired and liabilities assumed in acquisitions. Revenue Recognition Our products and services are sold based upon purchase orders, contracts or other agreements with the customer that include fixed or determinable prices and that do not include right of return or other similar provisions or other significant post-delivery obligations. We recognize revenue for products sold when title and risk of loss passes, when collectability is reasonably assured and when there are no further significant obligations for future performance. Provisions for estimated warranty returns or similar arrangements are made at the time the related revenue is recognized. Revenue for services is recognized as the services are rendered and when collectability is reasonably assured. Rates for services are typically priced on a per day, per distance drilled, per man hour or similar basis. In certain situations, revenue is generated from transactions that may include multiple products and services under one contract or agreement and which may be delivered to the customer over an extended period of time. Revenue from these arrangements is recognized in accordance with the above criteria and as each item or service is delivered based on their relative fair value. Research and Engineering Research and engineering expenses are expensed as incurred and include costs associated with the research and development of new products and services and costs associated with sustaining engineering of existing products and services. Costs for research and development of new products and services were $271 million , $330 million and $430 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Cash and Cash Equivalents Cash equivalents include only those investments with an original maturity of three months or less. We maintain cash deposits with major financial institutions. At times, such amounts may exceed federally insured limits. We monitor the credit ratings and our concentration of risk with these financial institutions on a continuing basis to safeguard our cash deposits. Allowance for Doubtful Accounts We establish an allowance for doubtful accounts based on various factors including the payment history and financial condition of our customers and the economic environment. Provisions for doubtful accounts are recorded based on the aging status of the customer accounts or when it becomes evident that the customer will not make the required payments at either contractual due dates or in the future. Provision for doubtful accounts recorded in cost of sales was $188 million , $193 million and $102 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Concentration of Credit Risk We grant credit to our customers who primarily operate in the oil and natural gas industry. Although this concentration affects our overall exposure to credit risk, our trade receivables are spread over a diverse group of customers across many countries, which mitigates this risk. We perform periodic credit evaluations of our customers' financial condition, including monitoring our customers' payment history and current credit worthiness to manage this risk. We do not generally require collateral in support of our trade receivables, but we may require payment in advance or security in the form of a letter of credit or bank guarantee. During 2016, 2015 and 2014, no individual customer accounted for more than 10% of our consolidated revenue. Inventories As of January 1, 2016, inventories are stated at the lower of cost or net realizable value as a result of the adoption of Accounting Standard Update 2015-11, which is described below. Prior to our adoption of this standard, inventories were stated at the lower of cost or market. Cost is determined using the average cost method, and includes the cost of materials, labor and manufacturing overhead. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. As necessary, we record provisions and maintain reserves for excess, slow moving and obsolete inventory. To determine these reserve amounts, we regularly review inventory quantities on hand and compare them to estimates of future product demand, market conditions, production requirements and technological developments. Property, Plant and Equipment and Accumulated Depreciation Property, plant and equipment ("PP&E") is stated at cost less accumulated depreciation, which is generally provided by using the straight-line method over the estimated useful lives of the individual assets. Significant improvements and betterments are capitalized if they extend the useful life of the asset. We manufacture a substantial portion of our tools and equipment and the cost of these items, which includes direct and indirect manufacturing costs, is capitalized and carried in inventory until it is completed. When complete, the cost is reflected in capital expenditures and is classified as machinery, equipment and other in PP&E. Maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the balance sheet and the net amount, less proceeds from disposal, is charged or credited to income. The capitalized costs of computer software developed or purchased for internal use are classified in machinery, equipment and other. Goodwill, Intangible Assets and Amortization Goodwill is the excess of the consideration transferred over the fair value of the tangible and identifiable intangible assets and liabilities recognized in acquisitions. Goodwill and intangible assets with indefinite lives are not amortized. Intangible assets with finite useful lives, all of which are amortized on a basis that reflects the pattern in which the economic benefits of the intangible assets are realized, which is generally on a straight-line basis over the asset's estimated useful life. Impairment of Goodwill, PP&E, Intangibles and Other Long-lived Assets We perform an annual impairment test of goodwill for each of our reporting units as of October 1, or more frequently if an event occurs or circumstances change to indicate that it is more likely than not that an impairment may exist. Our reporting units are based on our organizational and reporting structure and are the same as our five reportable segments. Corporate and other assets and liabilities are allocated to the reporting units to the extent that they relate to the operations of those reporting units in determining their carrying amount. When performing the annual impairment test we have the option of first performing a qualitative assessment to determine the existence of events and circumstances that would lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such a conclusion is reached, we would then be required to perform a quantitative impairment assessment of goodwill. However, if the assessment leads to a determination that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then no further assessments are required. A quantitative assessment for the determination of impairment is made by comparing the carrying amount of each reporting unit with its fair value, which is generally calculated using a combination of market, comparable transaction and discounted cash flow approaches. See Note 12. "Goodwill and Intangible Assets" for further information about the goodwill impairment recorded in 2016. We review PP&E, intangible assets and certain other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable and at least annually for certain intangible assets. The determination of recoverability is made based upon the estimated undiscounted future net cash flows. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flow analysis, with the carrying value of the related assets. In 2015 and 2014, we performed a qualitative assessment for our annual goodwill impairment test and determined that it was more likely than not that the fair value of each of our reporting units exceeded its carrying amount at that time. As such, no impairments of goodwill were recorded for the years ended December 31, 2015 or 2014. Income Taxes We use the liability method in determining our provision and liabilities for our income taxes, under which current and deferred tax liabilities and assets are recorded in accordance with enacted tax laws and rates. Deferred tax liabilities and assets, which are computed on the estimated income tax effect of temporary differences between financial and tax bases in assets and liabilities, are determined using the tax rate expected to be in effect when taxes are actually paid or recovered. A valuation allowance to reduce deferred tax assets is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. We currently intend to indefinitely reinvest certain earnings of our foreign subsidiaries in operations outside the U.S., and accordingly, we have not provided for U.S. income taxes on such earnings. We do provide for the U.S. and additional non-U.S. taxes on earnings anticipated to be repatriated from our non-U.S. subsidiaries. Our tax filings for various periods are subject to audit by tax authorities in most jurisdictions where we conduct business. These audits may result in assessments of additional taxes that are resolved with the authorities or through the courts. We have provided for the amounts we believe will ultimately result from these proceedings. In addition to the assessments that have been received from various tax authorities, we also provide for taxes for uncertain tax positions where formal assessments have not been received. We classify interest and penalties related to uncertain tax positions as income taxes in our financial statements. Environmental Matters Estimated remediation costs are accrued using currently available facts, existing environmental permits, technology and enacted laws and regulations. Our cost estimates are developed based on internal evaluations and are not discounted. Accruals are recorded when it is probable that we will be obligated to pay for environmental site evaluation, remediation or related activities, and such costs can be reasonably estimated. As additional information becomes available, accruals are adjusted to reflect current cost estimates. Ongoing environmental compliance costs, such as obtaining environmental permits, installation of pollution control equipment and waste disposal are expensed as incurred. Where we have been identified as a potentially responsible party in a U.S. federal or state Comprehensive Environmental Response, Compensation and Liability Act ("Superfund") site, we accrue our share of the estimated remediation costs of the site. This share is based on the ratio of the estimated volume of waste we contributed to the site to the total volume of waste disposed at the site. Foreign Currency A number of our significant foreign subsidiaries have designated the local currency as their functional currency and, as such, gains and losses resulting from balance sheet translation of foreign operations are included as a separate component of accumulated other comprehensive loss within stockholders' equity. Gains and losses from foreign currency transactions, such as those resulting from the settlement of receivables or payables in the non-functional currency, are included in marketing, general and administrative ("MG&A") expenses in the consolidated statements of income (loss) as incurred. For those foreign subsidiaries that have designated the U.S. Dollar ("USD") as the functional currency, monetary assets and liabilities are remeasured at period-end exchange rates, and nonmonetary items are remeasured at historical exchange rates. Gains and losses resulting from this balance sheet remeasurement are also included in MG&A expenses as incurred. Fair Value Measurement We define fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date. We apply the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: • Level One: The use of quoted prices in active markets for identical financial instruments. • Level Two: The use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or other inputs that are observable in the market or can be corroborated by observable market data. • Level Three: The use of significantly unobservable inputs that typically require the use of management's estimates of assumptions that market participants would use in pricing. Financial Instruments Our financial instruments include cash and cash equivalents, accounts receivable, investments, accounts payable, short and long-term debt, and derivative financial instruments. Except for long-term debt, the estimated fair value of our financial instruments at December 31, 2016 and 2015 approximates their carrying value as reflected in our consolidated balance sheets. For further information on the fair value of our debt, see Note 13. "Indebtedness." We monitor our exposure to various business risks including commodity prices, foreign currency exchange rates and interest rates and regularly use derivative financial instruments to manage these risks. Our policies do not permit the use of derivative financial instruments for speculative purposes. At the inception of a new derivative, we designate the derivative as a hedge or we determine the derivative to be undesignated as a hedging instrument. We document the relationships between the hedging instruments and the hedged items, as well as our risk management objectives and strategy for undertaking various hedge transactions. We have a program that utilizes foreign currency forward contracts to reduce the risks associated with the effects of certain foreign currency exposures. Under this program, our strategy is to have gains or losses on the foreign currency forward contracts mitigate the foreign currency transaction and translation gains or losses to the extent practical. These foreign currency exposures typically arise from changes in the value of assets and liabilities which are denominated in currencies other than the functional currency. Our foreign currency forward contracts generally settle in less than 180 days. We record all derivatives as of the end of our reporting period in our consolidated balance sheet at fair value. We record the changes in fair value of the forward contracts in our consolidated statements of income (loss) along with the change in fair value of the hedged item. Recognized gains and losses on derivatives entered into to manage foreign currency exchange risk are included in MG&A expenses in the consolidated statements of income (loss). We had outstanding foreign currency forward contracts with notional amounts aggregating $271 million and $499 million to hedge exposure to currency fluctuations in various foreign currencies at December 31, 2016 and 2015 , respectively. Based on quoted market prices as of December 31, 2016 or 2015 for forward contracts with similar terms and maturity dates, we recorded a gain of $1 million and a loss of $1 million , respectively, to adjust these forward contracts to their fair market value. New Accounting Standards Adopted In July 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-11, Simplifying the Measurement of Inventory , which requires inventory measured using average cost methods, which we utilize, to be subsequently measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. We elected to early adopt this guidance as of January 1, 2016 because we believe this approach reduces the complexity in the subsequent measurement of our inventory. Previously, inventory was required to be subsequently measured at the lower of cost or market with market defined as replacement cost, net realizable value or net realizable value less a normal profit margin. The impact of adopting this standard was immaterial to our financial statements. The guidance stipulates that the amendments in ASU No.2015-11 shall be adopted on a prospective basis, therefore our adoption had no impact on prior reporting periods. New Accounting Standards To Be Adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers . The ASU will supersede most of the existing revenue recognition requirements in U.S. GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. The new standard also requires significantly expanded disclosures regarding the qualitative and quantitative information of an entity's nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The pronouncement is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and is to be applied using a retrospective or modified retrospective approach. Early adoption is permitted. We are currently evaluating the provisions of ASU 2014-09 and assessing the impact, if any, it may have on our financial position and results of operations. As part of our assessment work to-date, we have formed an implementation work team, completed training of the new ASU's revenue recognition model and begun contract review and documentation. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes , which amends existing guidance on income taxes to require the classification of all deferred tax assets and liabilities as noncurrent on the balance sheet. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, and will be adopted prospectively. We have completed an evaluation of the pronouncement and determined that the reclassification of deferred taxes will not be material to our consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases , a new standard on accounting for leases. The ASU introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in the current accounting guidance as well as the FASB's new revenue recognition standard. However, the ASU eliminates the use of bright-line tests in determining lease classification as required in the current guidance. The ASU also requires additional qualitative disclosures along with specific quantitative disclosures to better enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The pronouncement is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, using a modified retrospective approach. Early adoption is permitted. We are currently evaluating the provisions of ASU 2016-02 and assessing the impact it will have on our consolidated financial statements and related disclosures. As part of our assessment work to-date, we have formed an implementation work team, completed training of the new ASU's lease model with the implementation team, and begun review and documentation. In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting . The standard provides a new requirement to record all of the tax effects related to share-based payments at settlement (or expiration) through the income statement. This pronouncement is effective for annual reporting periods beginning after December 15, 2016. We have completed an evaluation of the pronouncement and determined that its impact upon adoption will not be material to our consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments. The new standard amends the impairment model for trade receivables, net investments in leases, debt securities, loans and certain other instruments to utilize an expected loss methodology in place of the currently used incurred loss methodology. This pronouncement is effective for annual periods beginning after December 15, 2019, including interim periods within those annual periods. Early adoption will be permitted for annual periods beginning after December 15, 2018. We are currently evaluating the provisions of the pronouncement and assessing the impact, if any, on our financial statements and related disclosures. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments . The standard addresses the classification and presentation of eight specific cash flow issues that currently result in diverse practices. This pronouncement is effective for annual reporting periods beginning after December 15, 2017. The amendments in this ASU should be applied using a retrospective approach. We have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures, but the impact is not expected to be material. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory . The standard removes the prohibition in ASC 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. This pronouncement is effective for annual reporting periods beginning after December 15, 2017. The amendments in this ASU should be applied using a retrospective approach. We have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures, but the impact is not expected to be material.

Halliburton Terminated Merger A

Halliburton Terminated Merger Agreement	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Halliburton Terminated Merger Agreement	HALLIBURTON TERMINATED MERGER AGREEMENT On November 16, 2014, Baker Hughes, Halliburton Company ("Halliburton") and a wholly owned subsidiary of Halliburton ("Merger Sub"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), under which Halliburton would acquire all of the outstanding shares of Baker Hughes through a merger of Baker Hughes with and into Merger Sub (the "Merger"). In accordance with the provisions of Section 9.1 of the Merger Agreement, Baker Hughes and Halliburton agreed to terminate the Merger Agreement on April 30, 2016, as a result of the failure of the Merger to occur on or before April 30, 2016 due to the inability to obtain certain specified antitrust related approvals. Halliburton paid $3.5 billion to Baker Hughes on May 4, 2016, representing the termination fee required to be paid pursuant to the Merger Agreement. Baker Hughes incurred costs related to the Merger of $180 million and $295 million during 2016 and 2015, respectively, including costs under our retention program and obligations for minimum incentive compensation costs, which, based on meeting eligibility criteria, have been treated as Merger and related costs. ACQUISITIONS AND DISPOSITIONS AQUISITIONS In September 2014, we completed the acquisition of the pipeline and specialty services business of Weatherford International Ltd. ("PSS") for total cash consideration of $248 million . PSS provides an expanded range of pre-commissioning, deepwater and in-line inspection services worldwide and is included in our Industrial Services segment. The transaction has been accounted for using the acquisition method of accounting and accordingly, assets acquired and liabilities assumed were recorded at their fair values as of the acquisition date. As a result of the acquisition, we recorded approximately $73 million of goodwill and approximately $37 million of intangible assets. Pro forma results of operations for this acquisition have not been presented because the effect of this acquisition was not material to our consolidated financial statements. DISPOSITIONS In December 2016, we closed the transaction contemplated by the contribution agreement among Baker Hughes, CSL Capital Management ("CSL") and West Street Energy Partners ("WSEP"), a fund managed by the Merchant Banking Division of Goldman Sachs, to create a North American onshore pressure pumping company, called BJ Services, LLC ("BJ Services"). Under the terms of the agreement, we contributed our wholly-owned North American onshore cementing and hydraulic fracturing business, which was comprised of the U.S. and Canada operations. This also includes personnel, technology and infrastructure. Net book value of the assets contributed totaled approximately $516 million , which was comprised of fixed assets, inventory and certain patents and technology. We also allocated goodwill to the contributed business of $139 million . We received consideration of $142 million in cash, net of $8 million of direct transaction fees, and a 46.7% interest in BJ Services, which we recorded as an equity method investment valued at $416 million included in Other Assets in our consolidated balance sheet. This resulted in a loss on the deconsolidation of this business of $97 million . We will provide customary support services during a transition period. BJ Services will have access to certain of Baker Hughes' pressure pumping technology through a licensing agreement. Utilizing a strategic collaboration, we will have access to BJ Services' product and service portfolio to continue to provide solutions to customers in the North American onshore market. Revenue from these operations totaled $231 million , $1.27 billion and $4.30 billion in 2016, 2015 and 2014, respectively. Operating loss before tax and allocations of indirect costs and expenses totaled $251 million in 2016 and $559 million in 2015, and operating profit before tax and allocations of indirect costs and expenses in 2014 totaled $279 million . See Note. 6 "Segment Information" for our description of operating profit (loss) before tax.

General Electric Transaction Ag

General Electric Transaction Agreement	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
General Electric Transaction Agreement	GENERAL ELECTRIC TRANSACTION AGREEMENT On October 30, 2016, Baker Hughes, General Electric Company ("GE"), Bear Newco, Inc. ("Newco"), a Delaware corporation and a direct wholly owned subsidiary of Baker Hughes, and Bear MergerSub, Inc. ("Merger Sub"), a Delaware corporation and a direct wholly owned subsidiary of Newco, entered into a Transaction Agreement and Plan of Merger (the "Transaction Agreement"), pursuant to which, among other things, (i) Merger Sub will merge with and into Baker Hughes, with Baker Hughes as the surviving corporation (the "Surviving Entity") and a direct wholly owned subsidiary of Newco, (ii) each outstanding share of the Baker Hughes' common stock will be converted into the right to receive one share of Class A common stock, par value $0.0001 per share, of Newco ("Newco Class A Common Stock"), (iii) Newco will cause the Surviving Entity to be converted into a Delaware limited liability company ("Newco LLC") and Newco will become the sole managing member of Newco LLC, (iv) GE will (A) receive an approximate 62.5% membership interest in Newco LLC in exchange for contributing $7.4 billion (less the Class B Purchase Price, as defined below) in cash and GE's oil and gas business ("GE O&G") to Newco LLC, and (B) receive Class B common stock, par value $0.0001 per share, of Newco (the "Newco Class B Common Stock"), representing approximately 62.5% of the voting power of the outstanding shares of common stock of Newco, in exchange for contributing the par value thereof (the "Class B Purchase Price") to Newco and (v) Newco will distribute as a special dividend an amount equal to $17.50 per share to the holders of record of the Newco Class A Common Stock, which are the former Baker Hughes stockholders (collectively the " GE Transaction"). Newco will operate as a public company. Immediately following the closing of the GE Transaction (the "Closing"), (i) (A) GE will hold 100% of the Newco Class B Common Stock, which will represent approximately 62.5% of the voting power of the outstanding shares of common stock of Newco, and (B) Baker Hughes' stockholders immediately prior to the Closing will hold 100% of the Newco Class A Common Stock, which will represent approximately 37.5% of the voting power of the outstanding shares of common stock of Newco, (ii) (A) GE will hold an approximate 62.5% membership interest in Newco LLC and (B) Newco will hold an approximate 37.5% membership interest in Newco LLC and (iii) the membership interests in Newco LLC, together with the Newco Class B Common Stock, will be exchangeable on a 1 :1 basis for Newco Class A Common Stock, subject to certain adjustments. The rights (including voting rights) of Newco Class A Common Stock and Newco Class B Common Stock are identical; provided that Newco Class B Common Stock has no economic rights. Effective from and following the Closing, Newco and its subsidiaries will operate under the name "Baker Hughes, a GE Company." Baker Hughes and GE each made customary representations, warranties and covenants in the Transaction Agreement, including, among others, covenants by each of Baker Hughes and GE to, subject to certain exceptions, conduct its business (in the case of Baker Hughes) or GE O&G (in the case of GE) in the ordinary course during the interim period between the execution of the Transaction Agreement and the Closing. In particular, among other restrictions and subject to certain exceptions, Baker Hughes agreed to generally refrain from acquiring new businesses, incurring new indebtedness, repurchasing shares, issuing new common stock or equity awards (other than equity awards granted to employees, officers and directors materially consistent with historical long-term incentive awards granted), or entering into new material contracts or commitments outside the normal course of business, without the consent of GE, during the period between the execution of the Transaction Agreement and the consummation of the GE Transaction. With respect to equity awards granted after the Transaction Agreement to officers and employees, such awards will not vest solely as a result of the GE Transaction but will be converted to an equivalent Newco equity award. However, they will vest entirely if an officer or employee is terminated within one year following the Closing of the GE Transaction. Baker Hughes is permitted to pay regular quarterly cash dividends to its stockholders between signing and Closing. GE O&G is permitted to pay dividends to GE between signing and Closing; provided that GE O&G is required to have a minimum level of working capital at Closing. The obligation of the parties to consummate the GE Transaction is subject to customary closing conditions, including, among others, (i) the approval of holders of a majority of the outstanding shares of Baker Hughes common stock; (ii) (A) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (B) the European Commission issuing a decision under the Council Regulation (EC) No. 139/2004 of January 20, 2004 on the control of concentrations between undertakings (published in the Official Journal of the European Union on January 29, 2004 at L 24/1) declaring the GE Transaction compatible with the common market, or, if the European Commission has adopted any decision under Article 9 of such regulations to refer the GE Transaction in part to any Member State of the European Economic Area, the European Commission issuing a decision declaring the part of the GE Transaction not so referred to that Member State compatible with the common market and every Member State to which part of the Transaction has been referred under Article 9 issuing a decision clearing the GE Transaction; and (C) the expiration or termination of all other applicable waiting and other time periods under certain other regulatory and competition laws; (iii) the absence of legal restraints and prohibitions; (iv) the effectiveness of the registration statement on Form S-4 to be filed by Newco with the Securities and Exchange Commission and the approval of the listing on the New York Stock Exchange of Newco Class A Common Stock to be issued in the GE Transaction; and (v) the completion in all material respects of certain restructuring transactions in connection with the Transaction. The obligation of each party to consummate the GE Transaction is also conditioned upon the other party's representations and warranties being true and correct (subject to certain materiality exceptions) and the other party having performed in all material respects its obligations under the Transaction Agreement. In addition, Baker Hughes' obligation to consummate the Transaction is subject to the financial statement-related condition described below. As promptly as reasonably practicable following December 31, 2016 (and in any event no later than April 15, 2017 or April 30, 2017 in the case of the September 30, 2016 audited financial statements), GE is required to deliver to Baker Hughes certain audited financial statements of GE O&G , including those required to be included in Newco's registration statement on Form S-4. If such audited financial statements differ from the unaudited financial statements of GE O&G provided to Baker Hughes in a manner that is material to the intrinsic value of GE O&G in an adverse manner, Baker Hughes may terminate the Transaction Agreement. In the event of such termination, GE would be required to reimburse Baker Hughes for certain expenses , up to $40 million . GE is required to take all actions necessary to obtain regulatory approvals (including agreeing to divestitures of certain specified businesses and any businesses of which any such business forms a substantial part (the "Specified Businesses")) unless the assets, businesses or product lines subject to such actions would account for more than $200 million of revenue in 2015. The divestiture of the Specified Businesses will not be taken into account for purposes of calculating the $200 million divestiture limit. Subject to certain exceptions, proceeds of any divestitures would remain with GE O&G and be transferred to Newco LLC following the Closing of the Transaction . Additionally, the Transaction Agreement provides for certain termination rights for each of Baker Hughes and GE, including (i) GE's right to terminate the Transaction Agreement if Baker Hughes' board of directors changes its recommendation that Baker Hughes' stockholders approve the Transaction Agreement; (ii) Baker Hughes' right to terminate the Transaction Agreement, prior to obtaining the approval of its stockholders, to enter into a definitive agreement providing for a superior proposal; and (iii) the right of each party to terminate the Transaction Agreement if the GE Transaction has not been consummated by the "termination date" of January 30, 2018, subject to each party's right to extend the termination date until April 30, 2018, if all closing conditions (other than receipt of certain regulatory approvals) has been satisfied by January 30, 2018. The Transaction Agreement provides for the payment by Baker Hughes to GE of a termination fee of $750 million if certain events described in the Transaction Agreement occur, including if Baker Hughes' board of directors changes its recommendation that Baker Hughes' stockholders approve the Transaction Agreement. Baker Hughes is also required to reimburse GE for certain expenses (up to $40 million ) if the Transaction Agreement is terminated because Baker Hughes' stockholders have not approved the Transaction Agreement upon a vote taken thereon , and prior to the Baker Hughes stockholder meeting , a proposal for an alternative transaction was publicly announced and not withdrawn. If, within twelve months after such termination, Baker Hughes enters into an agreement providing for, or consummates, an alternative transaction with a third party, thereby triggering the $750 million termination fee described above, that termination fee will be reduced by the amount of any expenses previously reimbursed. In the event the Transaction Agreement is terminated by (i) either party as a result of the failure of the GE Transaction to occur on or before the termination date (as it may be extended) due to the failure to achieve certain antitrust-related approvals if all closing conditions (other than receipt of antitrust and other specified regulatory approvals and conditions that by their nature cannot be satisfied until the Closing but subject to such conditions being capable of being satisfied if the Closing date were the date of termination) have been satisfied, (ii) either party as a result of any antitrust-related final, non-appealable order or injunction prohibiting the Closing, or (iii) Baker Hughes, as a result of GE's material breach of its obligations to obtain regulatory approvals such that the antitrust-related condition to closing is incapable of being satisfied, then in each case GE would be required to pay Baker Hughes a termination fee of $1.3 billion . Baker Hughes and GE expect the GE Transaction to close in mid-2017. However, Baker Hughes cannot predict with certainty when, or if, the GE Transaction will be completed because completion of the GE Transaction is subject to conditions beyond the control of Baker Hughes. Baker Hughes incurred costs of $19 million related to the GE Transaction, which was recorded as Merger and related costs during the fourth quarter of 2016.

Impairment and Restructuring Ch

Impairment and Restructuring Charges	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Impairment and Restructuring Charges	IMPAIRMENT AND RESTRUCTURING CHARGES IMPAIRMENT CHARGES We conduct impairment tests on long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable based on estimated future cash flows. Although oil prices have risen since the lows reached in February 2016 and rig counts have begun to stabilize, customer spending and activity remained at low levels throughout 2016, resulting in lower demand for our products and services. We considered our customers' constrained capital spending budgets for 2016 to be impairment indicators and accordingly evaluated our long-lived assets for impairment. As a result of our testing in 2016, certain machinery and equipment was written down to its estimated fair value, resulting in impairment charges of $453 million . Additionally in 2016, certain intangible assets, comprised of technology, customer relationships and trade names were written down to their estimated fair values, resulting in impairment charges of $114 million . Total impairment charges of $567 million for 2016 are described by segment in the table below. The estimated fair values for these assets were determined using discounted future cash flows. The significant level 3 unobservable inputs used in the determination of the fair value of these assets were the estimated future cash flows and the weighted average cost of capital ("WACC"). The WACC's used to discount future cash flows for the impairments recognized in 2016 are included in the table below. Impairment Charges Net Carrying Value Segments Machinery, Equipment and Other Intangible Assets Total Impairment Charges Machinery, Equipment and Other Intangible Assets WACC North America $ 84 $ 85 $ 169 $ 241 $ 125 10.0 % Latin America 66 5 71 245 17 16.0 % Europe/Africa/Russia Caspian 124 4 128 222 8 (1 ) Middle East/Asia Pacific 166 17 183 433 49 (1 ) Industrial Services 13 3 16 196 44 10.0 % Total $ 453 $ 114 $ 567 $ 1,337 $ 243 (1) The WACC's used by region in 2016 were as follows: Europe - 10.5% ; Africa - 19.5% ; Russia/Caspian - 15.0% ; Middle East - 14.0% ; Asia Pacific - 13.5% . As a result of our testing in 2015, certain machinery and equipment with a total carrying value of $1.64 billion was written down to its estimated fair value, resulting in impairment charges of $1.05 billion . Additionally, certain intangible assets, comprised primarily of customer relationships and trade names, with a total carrying value of $178 million were written down to their estimated fair values, resulting in impairment charges of $116 million . Total impairment charges for 2015 were $1.16 billion , the majority of which related to our pressure pumping business in North America. The WACC used to discount future cash flows for the impairments recognized in North America was 9.8% . RESTRUCTURING CHARGES We recognize restructuring charges for costs associated with workforce reductions, contract terminations, facility closures and impairments related to the permanent removal from service and disposal of excess machinery and equipment. As a result of the downturn in the industry in 2015 and its impact on our business outlook, we took actions to restructure and adjust our operations and cost structure to reflect current and expected activity levels to the extent allowable under the Merger Agreement with Halliburton. Following the termination of the Merger Agreement in the second quarter of 2016, to address ongoing industry challenges, we took additional actions to reduce costs, simplify our organization, refine and rationalize our operating strategy and adjust our capacity to meet expected levels of future demand. These actions necessitated workforce reductions, contract terminations, facility closures and the permanent removal from service and disposal of excess machinery and equipment. As a result of these restructuring activities, we recorded restructuring charges of $1.17 billion and $830 million in 2016 and 2015, respectively. Depending on future market conditions and activity levels, further actions may be necessary to adjust our operations, which may result in additional charges. Our restructuring charges as summarized below as of December 31: Restructuring Charges 2016 2015 Workforce reductions $ 272 $ 436 Contract terminations 192 121 Impairment of buildings and improvements 214 82 Impairment of machinery and equipment 490 191 Total restructuring charges $ 1,168 $ 830 Workforce reduction costs : During 2016 and 2015, we initiated workforce reductions resulting in the combined elimination of approximately 26,200 positions worldwide. As a result of these workforce reductions, we recorded a charge for severance expense of $272 million and $436 million during 2016 and 2015, respectively, net of related employee benefit plan gains of $9 million and $10 million , respectively. The amount accrued for any unpaid severance is based on our written severance policy for ongoing benefit arrangements or the country mandated scheme and the positions being eliminated. In 2016 and 2015, we have made payments totaling $289 million and $365 million , respectively, relating to workforce reductions. We expect that substantially all of the accrued severance remaining will be paid by the middle of 2017. Contract termination costs: During 2016 and 2015, we incurred costs of $192 million and $121 million , respectively, to terminate or restructure various contracts, primarily in North America. This includes the accrual for costs to settle leases on closed facilities and certain equipment, and other estimated exit costs, and is net of expected sublease income. This also includes costs to terminate or restructure certain take-or-pay supply contracts related to the purchase of materials used in our pressure pumping operations in North America, including the write-off of $14 million of prepayments made in 2014. In 2016 and 2015, we have made payments totaling $130 million and $81 million , respectively, relating to contract termination costs. We expect that substantially all of the accrued contract termination costs remaining will be paid by the end of 2017. Impairment of buildings and improvements: During 2016 and 2015, we consolidated and closed certain facilities, both owned and leased, and recorded related impairment charges of $214 million and $82 million , respectively. In 2016, the total impairment of buildings and improvements reduced our segment assets as follows: North America - $145 million ; Latin America - $18 million ; Europe/Africa/Russia Caspian - $41 million ; Middle East/Asia Pacific - $9 million ; and Industrial Services - $1 million . In 2015, the impairment charges related to facilities primarily in North America and Latin America. These facilities have been taken out of service and will be disposed. Impairment of machinery and equipment: Following the termination of the Merger Agreement with Halliburton in the second quarter of 2016 , we evaluated our capacity and made adjustments to align our capacity to expected future operational levels and strategy. These actions impacted all product lines and as a result, we recognized an impairment loss of $490 million in 2016 relating to the cost to impair excess machinery and equipment to its net realizable value. The total machinery and equipment impairments reduced our segment assets as follows: North America - $203 million ; Latin America - $80 million ; Europe/Africa/Russia Caspian - $88 million ; Middle East/Asia Pacific - $85 million ; and Industrial Services - $34 million . In 2015, we exited or substantially downsized our presence in select markets primarily in our pressure pumping product line in North America and Latin America. As a result, we recognized $191 million of impairment losses to adjust the carrying value of certain machinery and equipment to its fair value, net of costs to dispose. We have been disposing of all excess machinery and equipment, and were substantially complete by the end of 2016. INVENTORY AND OTHER CHARGES During 2016 , in connection with the evaluation of our current inventory levels and expected future demand and to align with our future strategy, we recorded charges of $617 million , including $34 million of disposal costs, of which $204 million is reported in cost of sales and $413 million is reported in cost of services, to write off the carrying value of inventory deemed excess. These actions impacted all product lines. The amount of the inventory write-off recorded by segment is as follows: North America - $230 million ; Latin America - $84 million ; Europe/Africa/Russia Caspian - $143 million ; Middle East/Asia Pacific - $117 million ; and Industrial Services - $43 million . We have been disposing of the excess inventory, and were substantially complete by the end of 2016. During 2015, we also recorded charges of $194 million , of which $37 million is reported in cost of sales and $157 million is reported in cost of services, to write down the carrying value of certain inventory. The write-down was primarily due to lower of cost or market adjustments triggered by the significant decline in activity and related prices for our products coupled with declines in replacement costs. The product lines impacted are primarily the pressure pumping and drilling and completion fluids in North America.

Acquisitions And Dispositions

Acquisitions And Dispositions	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Acquisitions And Dispositions	HALLIBURTON TERMINATED MERGER AGREEMENT On November 16, 2014, Baker Hughes, Halliburton Company ("Halliburton") and a wholly owned subsidiary of Halliburton ("Merger Sub"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), under which Halliburton would acquire all of the outstanding shares of Baker Hughes through a merger of Baker Hughes with and into Merger Sub (the "Merger"). In accordance with the provisions of Section 9.1 of the Merger Agreement, Baker Hughes and Halliburton agreed to terminate the Merger Agreement on April 30, 2016, as a result of the failure of the Merger to occur on or before April 30, 2016 due to the inability to obtain certain specified antitrust related approvals. Halliburton paid $3.5 billion to Baker Hughes on May 4, 2016, representing the termination fee required to be paid pursuant to the Merger Agreement. Baker Hughes incurred costs related to the Merger of $180 million and $295 million during 2016 and 2015, respectively, including costs under our retention program and obligations for minimum incentive compensation costs, which, based on meeting eligibility criteria, have been treated as Merger and related costs. ACQUISITIONS AND DISPOSITIONS AQUISITIONS In September 2014, we completed the acquisition of the pipeline and specialty services business of Weatherford International Ltd. ("PSS") for total cash consideration of $248 million . PSS provides an expanded range of pre-commissioning, deepwater and in-line inspection services worldwide and is included in our Industrial Services segment. The transaction has been accounted for using the acquisition method of accounting and accordingly, assets acquired and liabilities assumed were recorded at their fair values as of the acquisition date. As a result of the acquisition, we recorded approximately $73 million of goodwill and approximately $37 million of intangible assets. Pro forma results of operations for this acquisition have not been presented because the effect of this acquisition was not material to our consolidated financial statements. DISPOSITIONS In December 2016, we closed the transaction contemplated by the contribution agreement among Baker Hughes, CSL Capital Management ("CSL") and West Street Energy Partners ("WSEP"), a fund managed by the Merchant Banking Division of Goldman Sachs, to create a North American onshore pressure pumping company, called BJ Services, LLC ("BJ Services"). Under the terms of the agreement, we contributed our wholly-owned North American onshore cementing and hydraulic fracturing business, which was comprised of the U.S. and Canada operations. This also includes personnel, technology and infrastructure. Net book value of the assets contributed totaled approximately $516 million , which was comprised of fixed assets, inventory and certain patents and technology. We also allocated goodwill to the contributed business of $139 million . We received consideration of $142 million in cash, net of $8 million of direct transaction fees, and a 46.7% interest in BJ Services, which we recorded as an equity method investment valued at $416 million included in Other Assets in our consolidated balance sheet. This resulted in a loss on the deconsolidation of this business of $97 million . We will provide customary support services during a transition period. BJ Services will have access to certain of Baker Hughes' pressure pumping technology through a licensing agreement. Utilizing a strategic collaboration, we will have access to BJ Services' product and service portfolio to continue to provide solutions to customers in the North American onshore market. Revenue from these operations totaled $231 million , $1.27 billion and $4.30 billion in 2016, 2015 and 2014, respectively. Operating loss before tax and allocations of indirect costs and expenses totaled $251 million in 2016 and $559 million in 2015, and operating profit before tax and allocations of indirect costs and expenses in 2014 totaled $279 million . See Note. 6 "Segment Information" for our description of operating profit (loss) before tax.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2016
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 services, referred to as Industrial Services. The performance of our operating segments is evaluated based on operating profit (loss) before tax, which is defined as income (loss) before income taxes and before the following: net interest expense, corporate expenses, impairment and restructuring charges, goodwill impairment charges, the merger termination fee, loss on sale of business interest, loss on early extinguishment of debt, and certain gains and losses not allocated to the operating segments. Beginning in 2016, we excluded merger and related costs, from both the terminated Halliburton and the proposed GE transactions, from our operating segments. These costs are now presented as a separate line item in the consolidated statement of income (loss). Prior year merger and related costs have been reclassified to conform to the current year presentation. The following table presents revenue and operating profit (loss) before tax by segment for the years ended December 31: 2016 2015 2014 Segments Revenue Operating Profit (Loss) Before Tax Revenue Operating Profit (Loss) Before Tax Revenue Operating Profit (Loss) Before Tax North America $ 2,936 $ (687 ) $ 6,009 $ (639 ) $ 12,078 $ 1,466 Latin America 980 (276 ) 1,799 144 2,236 290 Europe/Africa/Russia Caspian 2,201 (273 ) 3,278 183 4,417 621 Middle East/Asia Pacific 2,705 69 3,441 229 4,456 675 Industrial Services 1,019 (6 ) 1,215 108 1,364 119 Total Operations 9,841 (1,173 ) 15,742 25 24,551 3,171 Corporate — (158 ) — (133 ) — (312 ) Loss on sale of business interest — (97 ) — — — — Loss on early extinguishment of debt — (142 ) — — — — Interest expense, net — (178 ) — (217 ) — (232 ) Impairment and restructuring charges — (1,735 ) — (1,993 ) — — Goodwill impairment — (1,858 ) — — — — Merger and related costs — (199 ) — (295 ) — — Merger termination fee — 3,500 — — — — Total $ 9,841 $ (2,040 ) $ 15,742 $ (2,613 ) $ 24,551 $ 2,627 The following table presents total assets by segment at December 31: 2016 2015 2014 Segments Assets Assets Assets North America $ 3,049 $ 6,599 $ 9,782 Latin America 1,530 2,323 2,508 Europe/Africa/Russia Caspian 2,446 3,077 4,106 Middle East/Asia Pacific 2,746 3,441 4,029 Industrial Services 631 1,106 1,260 Shared assets 5,129 5,613 5,423 Total Operations 15,531 22,159 27,108 Corporate 3,503 1,921 1,719 Total $ 19,034 $ 24,080 $ 28,827 Shared assets consist primarily of the assets carried at the enterprise level and include assets related to our supply chain, product line technology and information technology organizations. These assets are used to support our operating segments and consist primarily of manufacturing inventory, property, plant and equipment used in manufacturing and information technology, intangible assets related to technology, and certain deferred tax assets. All costs and expenses from these organizations, including depreciation and amortization, are allocated to our operating segments as these enterprise organizations support our global operations. Corporate assets include cash, certain facilities, our equity method investment in BJ Services, and certain other noncurrent assets related to certain employee retirement plans. The following table presents capital expenditures and depreciation and amortization by segment for the years ended December 31: 2016 2015 2014 Segments Capital Expenditures Depreciation and Amortization Capital Expenditures Depreciation and Amortization Capital Expenditures Depreciation and Amortization North America $ 75 $ 356 $ 228 $ 714 $ 465 $ 842 Latin America 35 160 103 213 171 220 Europe/Africa/Russia Caspian 122 268 175 378 373 351 Middle East/Asia Pacific 83 300 247 344 385 321 Industrial Services 7 77 21 87 46 70 Shared assets 9 — 188 — 342 — Total Operations 331 1,161 962 1,736 1,782 1,804 Corporate 1 5 3 6 9 10 Total $ 332 $ 1,166 $ 965 $ 1,742 $ 1,791 $ 1,814 The following tables present geographic consolidated revenue based on the location to where the product is shipped or the services are performed for the years ended December 31, and net property, plant and equipment by its geographic location at December 31. Amounts for Industrial Services have been included in the applicable geographic locations. 2016 2015 2014 Revenue Revenue Revenue U.S. $ 2,875 $ 5,800 $ 11,499 Canada and other 598 839 1,336 North America 3,473 6,639 12,835 Latin America 1,006 1,847 2,300 Europe/Africa/Russia Caspian 2,457 3,555 4,705 Middle East/Asia Pacific 2,905 3,701 4,711 Total $ 9,841 $ 15,742 $ 24,551 2016 2015 2014 Net Property, Plant and Equipment Net Property, Plant and Equipment Net Property, Plant and Equipment U.S. $ 1,792 $ 2,989 $ 4,417 Canada and other 148 260 482 North America 1,940 3,249 4,899 Latin America 466 716 890 Europe/Africa/Russia Caspian 984 1,400 1,805 Middle East/Asia Pacific 881 1,328 1,469 Total $ 4,271 $ 6,693 $ 9,063 The following table presents consolidated revenue for each category of similar products and services for the years ended December 31: 2016 2015 2014 Completion and Production $ 5,681 $ 8,831 $ 14,572 Drilling and Evaluation 3,141 5,696 8,615 Industrial Services 1,019 1,215 1,364 Total $ 9,841 $ 15,742 $ 24,551

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	STOCK-BASED COMPENSATION Stock-based compensation cost is measured at the date of grant based on the calculated fair value of the award and is generally recognized on a straight-line basis over the vesting period of the equity grant. The compensation cost is determined based on awards ultimately expected to vest; therefore, we have reduced the cost for estimated forfeitures based on historical forfeiture rates. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods to reflect actual forfeitures. There were no stock-based compensation costs capitalized as the amounts were not material. Stock-based compensation costs are as follows for the years ended December 31: 2016 2015 2014 Stock-based compensation cost $ 125 $ 120 $ 122 Tax benefit (33 ) (28 ) (26 ) Stock-based compensation cost, net of tax $ 92 $ 92 $ 96 For our stock options and restricted stock awards and units, we currently have 60.7 million shares authorized for issuance and as of December 31, 2016 , approximately 16.9 million shares were available for future grants. Our policy is to issue new shares for exercises of stock options, when restricted stock awards are granted, at vesting of restricted stock units and for issuances under the employee stock purchase plan. Stock Options Our stock option plans provide for the issuance of stock options to directors, officers and other key employees at an exercise price equal to the fair market value of the stock at the date of grant. Although subject to the terms of the stock option agreement, substantially all of the stock options become exercisable in three equal annual installments, beginning a year from the date of grant, and generally expire ten years from the date of grant. The stock option plans provide for the acceleration of vesting upon the employee's retirement; therefore, the service period is reduced for employees that are or will become retirement eligible during the vesting period, and accordingly, the recognition of compensation expense for these employees is accelerated. No stock options were granted in 2016 or 2015. The fair value of each stock option granted is estimated using the Black-Scholes option pricing model. The following table presents the weighted average assumptions used in the option pricing model for options granted. The expected life of the options represents the period of time the options are expected to be outstanding. The expected life is based on our historical exercise trends and post-vest termination data incorporated into a forward-looking stock price model. The expected volatility is based on our implied volatility, which is the volatility forecast that is implied by the prices of actively traded options to purchase our stock observed in the market. The risk-free interest rate is based on the observed U.S. Treasury yield curve in effect at the time the options were granted. The dividend yield is based on our history of dividend payouts. 2014 Expected life (years) 4.6 Risk-free interest rate 1.5 % Volatility 31.9 % Dividend yield 1.0 % Weighted average fair value per share at grant date $ 16.81 The following table presents the changes in stock options outstanding and related information (in thousands, except per option prices): Number of Options Weighted Average Exercise Price Per Option Outstanding at December 31, 2015 8,602 $ 54.56 Granted — — Exercised (765 ) 44.04 Forfeited (78 ) 60.35 Expired (522 ) 75.55 Outstanding at December 31, 2016 7,237 $ 54.09 Exercisable at December 31, 2016 6,993 $ 53.76 The weighted average remaining contractual term for options outstanding and options exercisable at December 31, 2016 were 3.77 years and 3.66 years, respectively. The total intrinsic value of stock options (defined as the amount by which the market price of our common stock on the date of exercise exceeds the exercise price of the option) exercised in 2016 , 2015 and 2014 was $11 million , $15 million and $70 million , respectively. The income tax benefit realized from stock options exercised was $1 million , $3.8 million and $19.6 million in 2016 , 2015 and 2014 , respectively. The total fair value of options vested in 2016 , 2015 and 2014 was $13 million , $24 million and $29 million , respectively. As of December 31, 2016 , there was $1 million of total unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted average period of six months . The total intrinsic value of stock options outstanding at December 31, 2016 was $97 million , of which $96 million relates to options vested and exercisable. The intrinsic value for stock options outstanding is calculated as the amount by which the quoted price of $64.97 of our common stock as of the end of 2016 exceeds the exercise price of the options. Restricted Stock Awards and Units In addition to stock options, our officers, directors and key employees may be granted restricted stock awards ("RSA"), which is an award of common stock with no exercise price, or restricted stock units ("RSU"), where each unit represents the right to receive, at the end of a stipulated period, one unrestricted share of stock with no exercise price. RSAs and RSUs are subject to cliff or graded vesting, generally ranging over a three year period, or over a one year period for non-employee directors. We determine the fair value of restricted stock awards and restricted stock units based on the market price of our common stock on the date of grant. The following table presents the combined changes of RSAs and RSUs and related information (in thousands, except per award/unit prices): Number of Awards and Units Weighted Average Grant Date Fair Value Per Award/Unit Unvested balance at December 31, 2015 3,356 $ 58.99 Granted 3,313 40.56 Vested (1,809 ) 55.50 Forfeited (809 ) 49.73 Unvested balance at December 31, 2016 4,051 $ 47.33 The weighted average grant date fair value per share for RSAs and RSUs granted in 2016 , 2015 and 2014 was $40.56 , $57.37 and $69.67 , respectively. The total fair value of RSAs and RSUs vested in 2016 , 2015 and 2014 was $100 million , $72 million and $60 million , respectively. As of December 31, 2016 , there was $110 million of total unrecognized compensation cost related to unvested RSAs and RSUs, which is expected to be recognized over a weighted average period of two years. Employee Stock Purchase Plan The Employee Stock Purchase Plan ("ESPP") provides for eligible employees to purchase shares on an after-tax basis in an amount between 1% and 10% of their annual pay: (i) on June 30 of each year at a 15% discount of the fair market value of our common stock on January 1 or June 30, whichever is lower, and (ii) on December 31 of each year at a 15% discount of the fair market value of our common stock on July 1 or December 31, whichever is lower. An employee may not contribute more than $5,000 in either of the six -month measurement periods described above or $10,000 annually. We currently have 30.5 million shares authorized for issuance, and at December 31, 2016 , there were 2.7 million shares reserved for future issuance. Compensation cost for the years ended December 31, was calculated using the Black-Scholes option pricing model with the following assumptions: 2016 2015 2014 Expected life (years) 0.5 0.5 0.5 Risk-free interest rate 0.5 % 0.1 % 0.03 % Volatility 46.2 % 30.9 % 24.7 % Dividend yield 1.5 % 1.2 % 1.0 % Fair value per share of the 15% cash discount $ 6.85 $ 8.79 $ 9.72 Fair value per share of the look-back provision 5.86 4.97 4.39 Total weighted average fair value per share at grant date $ 12.71 $ 13.76 $ 14.11 We calculated estimated volatility using historical daily prices based on the expected life of the stock purchase plan. The risk-free interest rate is based on the observed U.S. Treasury yield curve in effect at the time the ESPP shares were granted. The dividend yield is based on our history of dividend payouts.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The provision or benefit for income taxes is comprised of the following for the years ended December 31: 2016 2015 2014 Current: U.S. $ 139 $ (55 ) $ 365 Foreign 208 225 601 Total current 347 170 966 Deferred: U.S. 269 (762 ) (52 ) Foreign 80 (47 ) (18 ) Total deferred 349 (809 ) (70 ) Provision (benefit) for income taxes $ 696 $ (639 ) $ 896 The geographic sources of loss or income before income taxes are as follows for the years ended December 31: 2016 2015 2014 U.S. $ (347 ) $ (2,288 ) $ 920 Foreign (1,693 ) (325 ) 1,707 (Loss) income before income taxes $ (2,040 ) $ (2,613 ) $ 2,627 The benefit or provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the loss or income before income taxes for the reasons set forth below for the years ended December 31: 2016 2015 2014 U.S. statutory income tax rate 35.0 % 35.0 % 35.0 % Effect of foreign operations 1.3 (1.5 ) (5.3 ) Change in valuation allowances (39.2 ) (7.3 ) 4.0 Adjustments of prior years' tax positions (3.8 ) (1.5 ) 1.2 Goodwill impairment (27.6 ) — — State income taxes - net of U.S. tax benefit 1.2 1.4 0.9 Other - net (1.0 ) (1.6 ) (1.7 ) Total effective tax rate (34.1 )% 24.5 % 34.1 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as operating loss and tax credit carryforwards. The tax effects of our temporary differences and carryforwards are as follows at December 31: 2016 2015 Deferred tax assets: Receivables $ 184 $ 84 Inventory 196 253 Property 261 — Employee benefits 128 143 Other accrued expenses 125 141 Operating loss carryforwards 1,111 1,153 Tax credit carryforwards 214 458 Other 52 112 Subtotal 2,271 2,344 Valuation allowances (2,010 ) (1,210 ) Total 261 1,134 Deferred tax liabilities: Goodwill and other intangibles 133 272 Property — 47 Undistributed earnings of foreign subsidiaries 27 21 Other 6 35 Total 166 375 Net deferred tax asset $ 95 $ 759 At December 31, 2016 , we had approximately $127 million of foreign tax credits which may be carried forward indefinitely under applicable foreign law, and $59 million of foreign tax credits and $28 million of other credits that will expire in 2017 through 2036 under U.S. tax law. The decrease in tax credit carryforwards of approximately $244 million is primarily due to utilization of foreign tax credits under U.S. tax law. This is primarily due to the $3.5 billion termination fee received from Halliburton (see Note 2. "Halliburton Terminated Merger Agreement"), that generated sufficient taxable income in 2016 resulting in utilization of foreign tax credit carryforwards that existed as of December 31, 2015. Additionally, we had $ 1.11 billion of net operating loss carryforwards, of which approximately $ 435 million will expire within five years, $ 142 million will expire over twenty years, and the remainder can be carried forward indefinitely. We record a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets depends on the ability to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdictions. At December 31, 2016 , the $2.01 billion of valuation allowances are recorded against various deferred tax assets, including foreign net operating losses ("NOL") of $1.01 billion , U.S. federal and foreign tax credit carryforwards of $186 million , other U.S. NOL's and tax credit carryforwards of $55 million , and certain other U.S. and foreign deferred tax assets of $761 million . The increase in valuation allowances are due to valuation allowances recorded against U.S. deferred tax assets as well as increased foreign deferred tax assets that require a valuation allowance. Due to the significant downturn in the U.S. market during the year and the uncertainty as to whether the U.S. will generate sufficient future taxable income to utilize the U.S. deferred tax assets, we concluded that valuation allowances were required. There are $76 million of deferred tax assets related to foreign net operating loss carryforwards without a valuation allowance as we expect that the deferred tax assets will be realized within the carryforward period. We have provided relevant U.S. and foreign taxes for the anticipated repatriation of certain earnings of our foreign subsidiaries. We consider the undistributed earnings of our foreign subsidiaries above the amount for which taxes have already been provided to be indefinitely reinvested, as we have no current intention to repatriate these earnings. As of December 31, 2016 , the cumulative amount of foreign earnings upon which the U.S. income taxes have not been provided is approximately $4.5 billion . These additional foreign earnings could become subject to additional tax, if remitted, or deemed remitted, as a dividend. Computation of the potential deferred tax liability associated with these undistributed earnings and any other basis differences, is not practicable. During 2016, property and goodwill were impaired and written down to their estimated fair value and the majority are not currently deductible for tax purposes. As a result of the impairments, the book basis decreased with no change in tax basis resulting in a significant change in deferred balances when comparing 2016 to 2015 balances. At December 31, 2016 , we had $351 million of tax liabilities for total gross unrecognized tax benefits related to uncertain tax positions, which includes liabilities for interest and penalties of $48 million and $26 million , respectively. If we were to prevail on all uncertain tax positions, the net effect would result in an income tax benefit of approximately $341 million . The remaining approximately $10 million is offset by deferred tax assets that represent tax benefits that would be received in different taxing jurisdictions in the event that we did not prevail on all uncertain tax positions. The following table presents the changes in our gross unrecognized tax benefits and associated interest and penalties included in the consolidated balance sheets. Gross Unrecognized Tax Benefits, Excluding Interest and Penalties Interest and Penalties Total Gross Unrecognized Tax Benefits Balance at December 31, 2013 $ 228 $ 54 $ 282 (Decrease) increase in prior year tax positions (7 ) 1 (6 ) Increase in current year tax positions 39 2 41 Decrease related to settlements with taxing authorities (5 ) (1 ) (6 ) Decrease related to lapse of statute of limitations (6 ) (3 ) (9 ) Decrease due to effects of foreign currency translation (7 ) (4 ) (11 ) Balance at December 31, 2014 242 49 291 Increase in prior year tax positions 19 15 34 Increase in current year tax positions 26 1 27 Decrease related to settlements with taxing authorities (8 ) (2 ) (10 ) Decrease related to lapse of statute of limitations (11 ) (7 ) (18 ) Decrease due to effects of foreign currency translation (8 ) (4 ) (12 ) Balance at December 31, 2015 260 52 312 Increase in prior year tax positions 28 34 62 Increase in current year tax positions 17 1 18 Decrease related to settlements with taxing authorities (9 ) (1 ) (10 ) Decrease related to lapse of statute of limitations (8 ) (8 ) (16 ) Decrease due to effects of foreign currency translation (11 ) (4 ) (15 ) Balance at December 31, 2016 $ 277 $ 74 $ 351 It is expected that the amount of unrecognized tax benefits will change in the next twelve months due to expiring statutes, audit activity, tax payments, competent authority proceedings related to transfer pricing or final decisions in matters that are the subject of litigation in various taxing jurisdictions in which we operate. At December 31, 2016 , we had approximately $214 million of tax liabilities, net of $2 million of tax assets, related to uncertain tax positions, each of which are individually insignificant, and each of which are reasonably possible of being settled within the next twelve months. At December 31, 2016 , approximately $135 million of tax liabilities for total gross unrecognized tax benefits were included in the noncurrent portion of our income tax liabilities, for which the settlement period cannot be determined; however, it is not expected to be within the next twelve months. We conduct business in more than 80 countries and are subject to income taxes in most taxing jurisdictions in which we operate. The following table summarizes the earliest tax years that remain subject to examination by the major taxing jurisdictions in which we operate. In addition to the U.S., we include foreign jurisdictions that have historically generated the highest tax liability. Jurisdiction Earliest Open Tax Period Jurisdiction Earliest Open Tax Period Argentina 2009 Norway 2006 Ecuador 2005 Saudi Arabia 2004 Netherlands 2010 U.S. 2010

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE A reconciliation of the number of shares used for the basic and diluted loss or earnings per share ("EPS") computations is as follows for the years ended December 31: 2016 2015 2014 Weighted average common shares outstanding for basic EPS 434 438 437 Effect of dilutive securities - stock plans — — 2 Adjusted weighted average common shares outstanding for diluted EPS 434 438 439 Anti-dilutive shares excluded from diluted EPS (1) 1 2 — Future potentially dilutive shares excluded from diluted EPS (2) 3 3 2 (1) The calculation of diluted net loss per share for 2016 and 2015, excludes shares potentially issuable under stock-based incentive compensation plans and the employee stock purchase plan, as their effect, if included, would have been anti-dilutive. (2) Options where the exercise price exceeds the average market price are excluded from the calculation of diluted net loss or earnings per share because their effect would be anti-dilutive.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories, net of reserves of $188 million and $278 million in 2016 and 2015 , respectively, are comprised of the following at December 31: 2016 2015 Finished goods $ 1,607 $ 2,649 Work in process 105 132 Raw materials 97 136 Total inventories $ 1,809 $ 2,917 During 2016, we wrote off the carrying value of certain excess inventory resulting in charges of $583 million , net of existing reserves of $272 million . In addition, during 2016 we accrued $34 million of related disposal costs. During 2015, we recorded charges of $194 million primarily related to lower of cost or market adjustments due to the significant decline in activity and related prices for our products coupled with declines in replacement costs. See Note 4. "Impairment and Restructuring Charges" for further discussion. Substantially all of the excess inventory was disposed by December 31, 2016.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are comprised of the following at December 31: Useful Life 2016 2015 Land $ 211 $ 263 Buildings and improvements 5 - 30 years 2,146 2,624 Machinery, equipment and other 1 - 20 years 8,481 11,184 Subtotal 10,838 14,071 Less: Accumulated depreciation 6,567 7,378 Total property, plant and equipment $ 4,271 $ 6,693 Depreciation expense relating to property, plant and equipment was $1.09 billion , $1.64 billion and $1.71 billion in 2016 , 2015 and 2014 , respectively. During 2016 and 2015, we recorded impairment charges relating to property, plant and equipment totaling $1.16 billion and $1.32 billion , respectively. See Note 4. "Impairment and Restructuring Charges" for further discussion.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill are detailed below by segment. North America Latin America Europe/ Africa/ Russia Caspian Middle East/ Asia Pacific Industrial Services Total Goodwill Balance at December 31, 2015 $ 3,097 $ 584 $ 1,068 $ 819 $ 502 $ 6,070 Impairments (1,549 ) — — — (309 ) (1,858 ) Disposition (139 ) — — — — (139 ) Currency translation adjustments and other 6 4 — 1 — 11 Balance at December 31, 2016 $ 1,415 $ 588 $ 1,068 $ 820 $ 193 $ 4,084 We perform an annual impairment test of goodwill on a qualitative or quantitative basis for each of our reporting units as of October 1 of each year, or more frequently when circumstances indicate an impairment may exist at the reporting unit level. During the second quarter of 2016, as a result of the termination of the Merger Agreement with Halliburton, we concluded it was necessary to conduct a quantitative goodwill impairment review. Our reporting units are the same as our five reportable segments. Goodwill is tested for impairment using a two-step approach. In the first step, the fair value of each reporting unit is determined and compared to the reporting unit's carrying value, including goodwill. If the fair value of a reporting unit is less than its carrying value, the second step of the goodwill impairment test is performed to measure the amount of impairment, if any. In the second step, the fair value of the reporting unit is allocated to the assets and liabilities of the reporting unit as if it had been acquired in a business combination and the purchase price was equivalent to the fair value of the reporting unit. The excess of the fair value of the reporting unit over the amounts assigned to its assets and liabilities is referred to as the implied fair value of goodwill. The implied fair value of the reporting unit's goodwill is then compared to the actual carrying value of goodwill. If the implied fair value of goodwill is less than the carrying value of goodwill, an impairment loss is recognized for the difference. We determined the fair value of our reporting units using a combination of techniques including discounted cash flows derived from our long-term plans and a market approach that provides value indications through a comparison with guideline public companies. The inputs used to determine the fair values were classified as Level 3 in the fair value hierarchy. Based on the results of our impairment test during the second quarter of 2016, we determined that goodwill of two of our reporting units was impaired, and performed the second step of the goodwill impairment test. We substantially completed all actions necessary in the determination of the implied fair value of goodwill in the second quarter of 2016; however, some of the estimated fair values and allocations were subject to adjustment once the valuations and other computations were completed. During the third quarter of 2016, we finalized all valuations and computations. The total impairment is reflected in the table above. In addition to the quantitative assessment performed in the second quarter of 2016, and consistent with our policy, we also performed our annual goodwill impairment test for all reporting units as of October 1, 2016. This assessment was performed on a qualitative basis, and included our consideration of changes in industry and market conditions since the performance of our quantitative analysis in the second quarter of 2016. Based on increasing oil prices and projections of increased drilling and exploration activity over the near and long term, which would drive higher customer spending, we determined that it is more likely than not that the fair value of each of our reporting units exceeded its carrying amount at that time. Thus, no additional impairment of goodwill was necessary in the fourth quarter of 2016. In 2015 and 2014, we performed a qualitative assessment for our annual goodwill impairment test and determined that it was more likely than not that the fair value of each of our reporting units exceeded its carrying amount at that time. As such, no impairments of goodwill were recorded for the years ended December 31, 2015 or 2014. The volatility that currently exists in the oil and natural gas industry and further declines in future commodity prices and customer spending could negatively impact our forecasted profitability and operating cash flows, necessitating a future goodwill impairment review. Depending on the changes in our business outlook and other assumptions underlying the fair value measurements of our reporting units, we may be required to recognize additional goodwill impairments. Intangible assets are comprised of the following at December 31: 2016 2015 Gross Carrying Amount Less: Accumulated Amortization Net Gross Carrying Amount Less: Accumulated Amortization Net Technology (1) $ 527 $ 267 $ 260 $ 866 $ 452 $ 414 Customer relationships (1) 74 31 43 251 106 145 Trade names (1) 90 79 11 108 89 19 Other 17 13 4 18 13 5 Total intangibles $ 708 $ 390 $ 318 $ 1,243 $ 660 $ 583 (1) During 2016 and 2015, we recorded impairments relating to our technology, customer relationships and trade names intangible assets totaling $114 million and $116 million , respectively. See Note 4. "Impairment and Restructuring Charges" for further discussion. Intangible assets are generally amortized on a straight-line basis with estimated useful lives ranging from 3 to 30 years. Amortization expense for the years ended December 31, 2016 , 2015 and 2014 was $76 million , $104 million and $107 million , respectively. Estimated amortization expense for each of the subsequent five fiscal years is expected to be as follows: Year Estimated Amortization Expense 2017 $ 54 2018 49 2019 46 2020 38 2021 33

Indebtedness

Indebtedness	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Indebtedness	INDEBTEDNESS Total debt consisted of the following at December 31, net of unamortized discount and debt issuance cost: 2016 2015 6.0% Notes due June 2018 $ 199 $ 255 7.5% Senior Notes due November 2018 524 747 3.2% Senior Notes due August 2021 511 746 8.55% Debentures due June 2024 112 149 6.875% Notes due January 2029 301 394 5.125% Notes due September 2040 1,132 1,482 Other debt 239 268 Total debt 3,018 4,041 Less: short-term debt and current portion of long-term debt 132 151 Total long-term debt $ 2,886 $ 3,890 The estimated fair value of total debt at December 31, 2016 and 2015 was $3.36 billion and $4.32 billion , respectively, which differs from the carrying amounts of $3.02 billion and $4.04 billion , respectively, included in our consolidated balance sheets. The fair value was determined using quoted period end market prices. In June 2016, we purchased $1.0 billion of the aggregate outstanding principal amount associated with our long-term outstanding notes and debentures, which included portions of each tranche of notes and debentures. Pursuant to a cash tender offer, the purchases resulted in the payment of an early-tender premium, including various fees, of $135 million and a pre-tax loss on the early extinguishment of debt of $142 million , which includes the premium and the write-off of a portion of the remaining original debt issue costs and debt discounts or premiums. On July 13, 2016, we entered into a new five -year $2.5 billion committed revolving credit facility (the "2016 Credit Agreement") with commercial banks maturing in July 2021, which replaced our existing credit facility of $2.5 billion , but maintained the existing commercial paper program. The previous credit facility had a maturity date in September of 2016. The maximum combined borrowing at any time under both the 2016 Credit Agreement and the commercial paper program is $2.5 billion . The 2016 Credit Agreement contains certain covenants, which, among other things, require the maintenance of a total debt-to-total capitalization ratio, restrict certain merger transactions or the sale of all or substantially all of our assets or a significant subsidiary and limit the amount of subsidiary indebtedness. Upon the occurrence of certain events of default, our obligations under the 2016 Credit Agreement may be accelerated. Such events of default include payment defaults to lenders under the 2016 Credit Agreement, covenant defaults and other customary defaults. To the extent we have outstanding commercial paper, the aggregate ability to borrow under the 2016 Credit Agreement is reduced. As of December 31, 2016 , we were in compliance with all of the credit facility's covenants, and there were no direct borrowings under the credit facility during 2016 . Under the commercial paper program, we may issue from time to time up to $2.5 billion in commercial paper with maturities of no more than 270 days. The amount available to borrow under the credit facility is reduced by the amount of any commercial paper outstanding. At December 31, 2016 , we had no borrowings outstanding under the commercial paper program. Maturities of debt for each of the five years in the period ending December 31, 2021, and in the aggregate thereafter, are listed in the table below: 2017 2018 2019 2020 2021 Thereafter Total debt $ 132 $ 753 $ 26 $ 12 $ 524 $ 1,571 The weighted average interest rate on short-term borrowings outstanding at December 31, 2016 and 2015 were 12.3% and 12.2% , respectively.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS DEFINED BENEFIT PLANS We have both funded and unfunded noncontributory defined benefit pension plans ("Pension Benefits") covering certain employees primarily in the U.S., the U.K., Germany and Canada. Under the provisions of the U.S. qualified pension plan (the "U.S. Pension Plan"), a hypothetical cash balance account is established for each participant. Such accounts receive quarterly credits based on a percentage according to the employee's age on the last day of the quarter applied to quarterly eligible compensation and interest credits based on the balance in the account on the last day of the quarter. The U.K. and Canada plans are frozen for the majority of the participants; therefore, we do not accrue benefits for those participants. The Germany pension plan is an unfunded plan where benefits are based on creditable years of service, creditable pay and accrual rates. 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. During 2016 and 2015, as a result of the workforce reductions stemming from our restructuring activities, we remeasured certain pension and other postretirement benefit obligations, which resulted in reductions in our projected benefit obligations of $18 million and $28 million , respectively, and curtailment gains of $9 million and $18 million , respectively. Funded Status Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets and the funded status of our plans. U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Change in benefit obligation: Benefit obligation at beginning of year $ 735 $ 728 $ 798 $ 872 $ 107 $ 122 Service cost 52 64 14 15 4 5 Interest cost 29 26 27 30 4 4 Actuarial loss (gain) (13 ) (4 ) 165 (23 ) — (10 ) Benefits paid (63 ) (59 ) (38 ) (35 ) (14 ) (11 ) Curtailment (12 ) (24 ) (2 ) (2 ) (4 ) (2 ) Other (2 ) 4 — (6 ) — (1 ) Foreign currency translation adjustments — — (118 ) (53 ) — — Benefit obligation at end of year 726 735 846 798 97 107 Change in plan assets: Fair value of plan assets at beginning of year 595 648 713 767 — — Actual return on plan assets 29 (5 ) 118 4 — — Employer contributions 44 16 24 28 14 11 Benefits paid (63 ) (59 ) (38 ) (35 ) (14 ) (11 ) Other (5 ) (5 ) — (6 ) — — Foreign currency translation adjustments — — (118 ) (45 ) — — Fair value of plan assets at end of year 600 595 699 713 — — Funded status - underfunded at end of year $ (126 ) $ (140 ) $ (147 ) $ (85 ) $ (97 ) $ (107 ) Accumulated benefit obligation $ 682 $ 681 $ 810 $ 763 $ 97 $ 107 The amounts recognized in the consolidated balance sheets consist of the following at December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Noncurrent assets $ — $ — $ 3 $ 51 $ — $ — Current liabilities (1 ) (2 ) (6 ) (6 ) (16 ) (16 ) Noncurrent liabilities (125 ) (138 ) (144 ) (130 ) (81 ) (91 ) Net amount recognized $ (126 ) $ (140 ) $ (147 ) $ (85 ) $ (97 ) $ (107 ) The funded status position represents the difference between the benefit obligation and the plan assets. The projected benefit obligation ("PBO") for pension benefits represents the actuarial present value of benefits attributed to employee services and compensation and includes an assumption about future compensation levels. The accumulated benefit obligation ("ABO") is the actuarial present value of pension benefits attributed to employee service to date and present compensation levels. The ABO differs from the PBO in that the ABO does not include any assumptions about future compensation levels. Information for the plans with ABOs in excess of plan assets is as follows at December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Projected benefit obligation $ 725 $ 735 $ 821 $ 149 n/a n/a Accumulated benefit obligation $ 682 $ 681 $ 786 $ 114 $ 97 $ 107 Fair value of plan assets $ 600 $ 595 $ 672 $ 12 n/a n/a Weighted average assumptions used to determine benefit obligations for these plans are as follows for the years ended December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Discount rate 4.0 % 4.2 % 2.6 % 3.7 % 3.6 % 3.7 % Rate of compensation increase 5.5 % 5.9 % 4.2 % 4.1 % n/a n/a Social security increase 2.8 % 2.8 % 2.0 % 2.2 % n/a n/a The development of the discount rate for our U.S. plans and substantially all non-U.S. plans was based on a bond matching model, whereby a hypothetical bond portfolio of high-quality, fixed-income securities is selected that will match the cash flows underlying the projected benefit obligation. Accumulated Other Comprehensive Loss The amount recorded before-tax in accumulated other comprehensive loss related to employee benefit plans consists of the following at December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Net actuarial loss $ 166 $ 191 $ 266 $ 229 $ 6 $ 10 Net prior service cost (credit) — — — — (37 ) (54 ) Total $ 166 $ 191 $ 266 $ 229 $ (31 ) $ (44 ) The estimated net actuarial loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive loss and included in net periodic benefit cost in 2017 are $16 million and $0.8 million , respectively. The estimated prior service credit for the other postretirement benefits that will be amortized from accumulated other comprehensive loss and included in net periodic benefit cost in 2017 is $8 million . No amortization of the net actuarial loss for the other postretirement benefits from accumulated other comprehensive loss is expected in 2017 . Net Periodic Cost The components of net periodic cost are as follows for the years ended December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2014 2016 2015 2014 2016 2015 2014 Service cost $ 52 $ 64 $ 70 $ 14 $ 15 $ 11 $ 4 $ 5 $ 6 Interest cost 29 26 28 27 30 34 4 4 5 Expected return on plan assets (41 ) (49 ) (44 ) (33 ) (47 ) (41 ) — — — Amortization of prior service credit — 1 — — — — (9 ) (11 ) (11 ) Amortization of net actuarial loss 11 9 8 6 6 5 — 1 1 Curtailment gain — — — (2 ) (1 ) — (7 ) (17 ) — Other 3 8 — — — — — — (3 ) Net periodic cost $ 54 $ 59 $ 62 $ 12 $ 3 $ 9 $ (8 ) $ (18 ) $ (2 ) Weighted average assumptions used to determine net periodic cost for these plans are as follows for the years ended December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2014 2016 2015 2014 2016 2015 2014 Discount rate 4.2 % 3.7 % 4.5 % 3.7 % 3.5 % 4.4 % 3.7 % 3.3 % 4.0 % Expected long-term return on plan assets 7.0 % 7.6 % 7.3 % 5.0 % 6.3 % 6.1 % n/a n/a n/a Rate of compensation increase 5.7 % 5.8 % 5.6 % 4.1 % 4.1 % 4.4 % n/a n/a n/a Social security increase 2.8 % 2.8 % 2.8 % 2.1 % 2.1 % 2.4 % n/a n/a n/a In selecting the expected rate of return on plan assets, we consider the average rate of earnings expected on the funds invested or to be invested to provide for the benefits of these plans. This includes considering the trusts' asset allocation and the expected returns likely to be earned over the life of the plans. Health Care Cost Trend Rates Assumed health care cost trend rates can have a significant effect on the amounts reported for other postretirement benefits. As of December 31, 2016 , the health care cost trend rate was 6.9% for employees under age 65 , declining gradually each successive year until it reaches 4.5% . A one percentage point change in assumed health care cost trend rates would have had the following effects on 2016 : One Percentage Point Increase One Percentage Point Decrease Effect on total of service and interest cost components $ 0.1 $ (0.1 ) Effect on postretirement welfare benefit obligation $ 0.9 $ (1.2 ) Plan Assets We have investment committees that meet regularly to review the portfolio returns and to determine asset-mix targets based on asset/liability studies. Third-party investment consultants assist such committees in developing asset allocation strategies to determine our expected rates of return and expected risk for various investment portfolios. The investment committees considered these strategies in the formal establishment of the current asset-mix targets based on the projected risk and return levels for all major asset classes. The majority of investments are held in the form of units of funds. The funds hold underlying securities and are redeemable as of the measurement date. Investments in equities and fixed-income funds are generally measured at fair value based on daily closing prices provided by active exchanges or on the basis of observable, market-based inputs. Investments in hedge funds are generally measured at fair value on the basis of their net asset values, which are provided by the investment sponsor or third-party administrator. The fair values of private equity investments and real estate funds are based on appraised values developed using comparable market transactions or discounted cash flows. U.S. Pension Plan The investment policy of the U.S. Pension Plan was developed after examining the historical relationships of risk and return among asset classes and the relationship between the expected behavior of the U.S. Plan's assets and liabilities. The investment policy of the U.S. Plan is designed to provide the greatest probability of meeting or exceeding the U.S. Plan's objectives at the lowest possible risk. In evaluating risk, the investment committee for the U.S. Pension Plan ("U.S. Committee") reviews the long-term characteristics of various asset classes, focusing on balancing risk with expected return. Accordingly, the U.S. Committee selected the following six asset classes as allowable investments for the assets of the U.S. Pension Plan: U.S. equities, non-U.S. equities, global fixed-income securities, real estate, hedge funds and private equity. The table below presents the fair value of the assets in the U.S. Pension Plan by asset category and by valuation technique at December 31: 2016 2015 Asset Category Total Asset Value Level One Level Two Level Three Total Asset Value Level One Level Two Level Three Cash and Cash Equivalents $ 2 $ — $ 2 $ — $ 16 $ 12 $ 4 $ — Fixed Income (1) 120 — 120 — 109 — 109 — Non-U.S. Equity (2) 126 31 95 — 129 31 98 — U.S. Equity (3) 131 — 131 — 129 — 129 — Hedge Funds (4) 150 — — 150 152 — — 152 Real Estate Funds (5) 8 — — 8 10 — — 10 Real Estate Investment Trust Equity 12 — 12 — 9 — 9 — Private Equity Fund (6) 51 — — 51 41 — — 41 Total $ 600 $ 31 $ 360 $ 209 $ 595 $ 43 $ 349 $ 203 (1) A multi-manager strategy investing in fixed income securities and funds. The current allocation includes: 39% in unconstrained bond funds; 25% in government bonds; 12% in corporate bonds; 10% in government mortgage-backed securities; 6% in a passive index bond; 1% in commercial mortgage-backed securities; 1% in short-term bills and notes; 1% in asset-backed securities; and 5% in cash and other securities. (2) Multi-manager strategy investing in common stocks of non-U.S. listed companies using both value and growth approaches. (3) Multi-manager strategy investing in common stocks of U.S. listed companies using value and growth approaches. (4) Strategies taking long and short positions in equities, fixed income securities, currencies and derivative contracts. (5) Strategy investing in the global private real estate secondary market using a value-based investment approach. (6) Partnership making opportunistic investments on a global basis across asset classes, capital structures and geographies. Non-U.S. Pension Plans The investment policies of our pension plans with plan assets, which are primarily in Canada and the U.K., (the "Non-U.S. Plans"), cover the asset allocations that the governing boards believe are the most appropriate for these Non-U.S. Plans in the long-term, taking into account the nature of the liabilities they expect to incur. The suitability of asset allocations and investment policies are reviewed periodically to ensure alignment with plan liabilities. The table below presents the fair value of the assets in our Non-U.S. Plans by asset category and by valuation technique at December 31: 2016 2015 Asset Category Total Asset Value Level One Level Two Level Three Total Asset Value Level One Level Two Level Three Cash and Cash Equivalents $ 5 $ 5 $ — $ — $ 5 $ 5 $ — $ — Asset Allocation (1) 122 — 122 — 152 — 152 — Bonds - Canada - Corporate (2) 6 — 6 — 6 — 6 — Bonds - Canada - Government (3) 17 — 17 — 19 — 19 — Bonds - U.K. - Corporate (4) 8 — 8 — 8 — 8 — Bonds - U.K. - Government (5) 225 — 225 — 211 — 211 — Bonds - Global - Corporate (6) 57 — 57 — 64 — 64 — Equities (7) 122 — 122 — 128 — 128 — Real Estate Fund (8) 19 — — 19 23 — — 23 Pooled Swap Funds (9) 106 — 106 — 85 — 85 — Insurance contracts 12 — — 12 12 — — 12 Total $ 699 $ 5 $ 663 $ 31 $ 713 $ 5 $ 673 $ 35 (1) Invests in mixes of global common stocks and bonds to achieve broad diversification. (2) Invests in Canadian Dollar-denominated high quality corporate bonds. (3) Invests in Canadian Dollar-denominated government issued bonds intended to match the duration of plan liabilities. (4) Invests passively in British Pound Sterling-denominated investment grade corporate bonds. (5) Invests passively in British Pound Sterling-denominated government issued bonds. (6) Invests globally in high quality corporate bonds. (7) Invests in broad equity funds based on securities offered in various regions or countries. Equity funds are allocated by region as follows: 47% Global; 32% U.K.; 7% Emerging Markets; 5% North America; 5% Asia Pacific; and 4% Europe. (8) Invests in a diversified range of property throughout the U.K., principally in the retail, office and industrial/warehouse sectors. (9) Invests in a range of pooled funds which include positions in swap contracts and U.K. sovereign bonds; pooled funds are categorized by maturities of underlying positions. Pooled funds employ leverage in order to match the U.K. Plan's duration and inflation. The following table presents the changes in the fair value of assets determined using level 3 unobservable inputs: U.S. Private Equity Fund U.S. Real Estate Fund U.S. Hedge Funds Non-U.S. Real Estate Fund Non-U.S. Insurance Contracts Total Balance at December 31, 2013 $ 16 $ 9 $ 190 $ 21 $ 18 $ 254 Unrealized gains (losses) — 1 6 1 (1 ) 7 Realized gains 1 — 7 — — 8 Sales (4 ) — (85 ) — — (89 ) Purchases 8 — 46 — — 54 Balance at December 31, 2014 21 10 164 22 17 234 Unrealized gains (losses) — — (6 ) — (2 ) (8 ) Realized gains — 1 1 — — 2 Sales (4 ) (2 ) (15 ) — (5 ) (26 ) Purchases 24 1 8 1 2 36 Balance at December 31, 2015 41 10 152 23 12 238 Unrealized gains (losses) 3 1 — (5 ) — (1 ) Realized losses — — (1 ) — — (1 ) Sales (5 ) (3 ) (22 ) — (3 ) (33 ) Purchases 12 — 21 1 3 37 Balance at December 31, 2016 $ 51 $ 8 $ 150 $ 19 $ 12 $ 240 Expected Cash Flows For all pension plans, we make annual contributions to the plans in amounts equal to or greater than amounts necessary to meet minimum governmental funding requirements. In 2017 , we expect to contribute between $55 million and $60 million to our funded pension plans. The following table presents the expected benefit payments over the next ten years. The U.S. and non-U.S. pension benefit payments are made by the respective pension trust funds. Year U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2017 $ 46 $ 22 $ 16 2018 $ 44 $ 24 $ 12 2019 $ 46 $ 29 $ 10 2020 $ 47 $ 27 $ 9 2021 $ 48 $ 32 $ 9 2022-2026 $ 264 $ 182 $ 37 DEFINED CONTRIBUTION PLANS During the periods reported, generally all of our U.S. employees were eligible to participate in our sponsored 401(k) plan ("Thrift Plan"). The Thrift Plan allows eligible employees to elect to contribute portions of their salaries to an investment trust. Employee contributions are matched by the Company in cash at the rate of $1.00 per $1.00 employee contribution for the first 5% of the employee's salary, and such contributions vest immediately. In addition, we make cash contributions for all eligible employees between 2% and 5% of their salary depending on the employee's age. Such contributions are fully vested to the employee after three years of employment. Effective April 2016, employer contributions to certain plans were suspended for the remainder of 2016. All employer contributions will recommence as of January 1, 2017. The Thrift Plan provides several investment options, for which the employee has sole investment discretion. The Thrift Plan does not offer the Company's common stock as an investment option. Our contributions to the Thrift Plan and several other non-U.S. defined contribution plans amounted to $75 million , $202 million and $263 million in 2016 , 2015 and 2014 , respectively. For certain non-U.S. employees who are not eligible to participate in the Thrift Plan, we provide a non-qualified defined contribution international retirement plan that provides basically the same benefits as those provided in the Thrift Plan. In addition, we provide a non-qualified supplemental retirement plan ("SRP") for certain officers and employees whose benefits under the Thrift Plans and/or the U.S. qualified pension plan are limited by federal tax law. The SRP also allows eligible employees to defer a portion of their eligible compensation and provides for employer matching and base contributions pursuant to limitations. Both non-qualified plans are invested through trusts, and the assets and corresponding liabilities are included in our consolidated balance sheets. Our contributions to these non-qualified plans amounted to $9 million , $15 million and $17 million in 2016 , 2015 and 2014 , respectively. In 2017 , we estimate we will contribute between $135 million and $145 million to all of our defined contribution plans. POSTEMPLOYMENT BENEFITS We provide certain postemployment disability income, medical and other benefits to substantially all qualifying former or inactive U.S. employees. Income benefits for long-term disability are provided through a fully-insured plan. The continuation of medical and other benefits while on disability ("Continuation Benefits") are provided through a qualified self-insured plan. The accrued postemployment liability for Continuation Benefits at December 31, 2016 and 2015 was $32 million and $34 million , respectively, and is included in other liabilities in our consolidated balance sheets.

Commitments and Contigencies

Commitments and Contigencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES LEASES At December 31, 2016 , we had long-term non-cancelable operating leases covering certain facilities and equipment. The minimum annual rental commitments, net of amounts due under subleases, for each of the five years in the period ending December 31, 2021 are $118 million , $62 million , $44 million , $29 million and $19 million , respectively, and $72 million in the aggregate thereafter. Rent expense was $355 million , $514 million and $747 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. We did not enter into any significant capital leases during the three years ended December 31, 2016 . 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. The following lawsuits were filed in Delaware in connection with our Merger with Halliburton. Subsequent to the filing of the lawsuits, on April 30, 2016, the Merger Agreement with Halliburton was terminated as described in Note 2. "Halliburton Terminated Merger Agreement." • On November 24, 2014, Gary Molenda, a purported shareholder of the Company, filed a class action lawsuit in the Court of Chancery of the State of Delaware ("Delaware Chancery Court") against Baker Hughes, the Company's Board of Directors, Halliburton, and Red Tiger LLC, a wholly owned subsidiary of Halliburton ("Red Tiger" and together with all defendants, "Defendants") styled Gary R. Molenda v. Baker Hughes, Inc., et al., Case No. 10390-CB. • On November 26, 2014, a second purported shareholder of the Company, Booth Family Trust, filed a substantially similar class action lawsuit in Delaware Chancery Court. • On December 1, 2014, New Jersey Building Laborers Annuity Fund and James Rice, two additional purported shareholders of the Company, filed substantially similar class action lawsuits in Delaware Chancery Court. • On December 10, 2014, a fifth purported shareholder of the Company, Iron Workers Mid-South Pension Fund, filed another substantially similar class action lawsuit in the Delaware Chancery Court. • On December 24, 2014, a sixth purported shareholder of the Company, Annette Shipp, filed another substantially similar class action lawsuit in the Delaware Chancery Court. All of the lawsuits make substantially similar claims. The plaintiffs generally allege that the members of the Company's Board of Directors breached their fiduciary duties to our shareholders in connection with the Merger negotiations by entering into the Merger Agreement and by approving the Merger, and that the Company, Halliburton, and Red Tiger aided and abetted the purported breaches of fiduciary duties. More specifically, the lawsuits allege that the Merger Agreement provides inadequate consideration to our shareholders, that the process resulting in the Merger Agreement was flawed, that the Company's directors engaged in self-dealing, and that certain provisions of the Merger Agreement improperly favor Halliburton and Red Tiger, precluding or impeding third parties from submitting potentially superior proposals, among other things. The lawsuit filed by Annette Shipp also alleges that our Board of Directors failed to disclose material information concerning the proposed Merger in the preliminary registration statement on Form S-4. On January 7, 2015, James Rice amended his complaint, adding similar allegations regarding the disclosures in the preliminary registration statement on Form S-4. The lawsuits seek unspecified damages, injunctive relief enjoining the Merger, and rescission of the Merger Agreement, among other relief. On January 23, 2015, the Delaware lawsuits were consolidated under the caption In re Baker Hughes Inc. Stockholders Litigation, Consolidated C.A. No. 10390-CB (the "Consolidated Case"). Pursuant to the Court's consolidation order, plaintiffs filed a consolidated complaint on February 4, 2015, which alleges substantially similar claims and seeks substantially similar relief to that raised in the six individual complaints, except that while Baker Hughes is named as a defendant, no claims are asserted against the Company. On March 18, 2015, the parties reached an agreement in principle to settle the Consolidated Case in exchange for the Company making certain additional disclosures. Those disclosures were contained in a Form 8-K filed with the SEC on March 18, 2015. The settlement was made subject to certain conditions, including consummation of the Merger, final documentation, and court approval. With the termination of the Merger Agreement with Halliburton, the March 18, 2015 settlement agreement is rendered null and void. On May 31, 2016, the Consolidated Case and the claims asserted therein were dismissed, save and except for plaintiffs counsel's Fee and Expense Application to the Delaware Chancery Court. On October 13, 2016, the Delaware Chancery Court ruled on plaintiffs counsel's Fee and Expense Application. The amount awarded does not have a material impact on our financial position, results of operations or cash flows. On October 9, 2014, one of our subsidiaries filed a Request for Arbitration against a customer before the London Court of International Arbitration, pursuing claims for the non-payment of invoices for goods and services provided in an amount provisionally quantified to exceed $67.9 million . In our Request for Arbitration, we also noted that invoices in an amount exceeding $57 million had been issued to the customer, and would be added to the claim in the event that they became overdue. On November 6, 2014, the customer filed its Response and Counterclaim, denying liability and counterclaiming damages for breach of contract of approximately $182 million . On March 31, 2016, the parties agreed to a settlement principally involving the purchase by the customer of certain inventory held by our subsidiary, with all other claims and counterclaims being released and discharged by each party, and the arbitral proceedings being discontinued. On April 18, 2016, all claims and counterclaims filed in the London Court of International Arbitration were released and discontinued. The settlement did not have a material impact on our financial position, results of operations or cash flows. During 2014, we received customer notifications related to a possible equipment failure in a natural gas storage system in Northern Germany, which includes certain of our products. We are currently investigating the cause of the possible failure and, if necessary, possible repair and replacement options for our products. Similar products were utilized in other natural gas storage systems for this and other customers. The customer initiated arbitral proceedings against us on June 19, 2015, under the rules of the German Institute of Arbitration e.V. (DIS). On August 3, 2016, the customer amended its claims and now alleges damages of approximately $224 million plus interest at an annual rate of prime + 5% . A hearing before the arbitration panel was held January 16, 2017 through January 23, 2017, and an additional hearing is scheduled for March 20, 2017 and March 21, 2017. In addition, on September 21, 2015, TRIUVA Kapitalverwaltungsgesellschaft mbH filed a lawsuit in the United States District Court for the Southern District of Texas, Houston Division against the Company and Baker Hughes Oilfield Operations, Inc. alleging that the plaintiff is the owner of gas storage caverns in Etzel, Germany in which the Company provided certain equipment in connection with the development of the gas storage caverns. The plaintiff further alleges that the Company supplied equipment that was either defectively designed or failed to warn of risks that the equipment posed, and that these alleged defects caused damage to the plaintiff's property. The plaintiff seeks recovery of alleged compensatory and punitive damages of an unspecified amount, in addition to reasonable attorneys' fees, court costs and pre-judgment and post-judgment interest. The allegations in this lawsuit are related to the claims made in the June 19, 2015, German arbitration referenced above. At this time, we are not able to predict the outcome of these claims or whether either will have any material impact on our financial position, results of operations or cash flows. On August 31, 2015, a customer of one of the Company's subsidiaries issued a Letter of Claim pursuant to a Construction and Engineering Contract. The customer had claimed $369 million plus loss of production resulting from a breach of contract related to five electric submersible pumps installed by the subsidiary in Europe. On January 29, 2016, the Customer served its Statement of Claim, Case No. CL-2015-00584, in the Commercial Court Queen's Bench Division of the High Court of Justice. On September 20, 2016, the parties entered a settlement agreement by which all claims were released and discharged by each party. On October 6, 2016, the Commercial Court entered a Consent Order dismissing all claims in the litigation. The settlement did not have a material impact on our financial position, results of operations or cash flows. On October 30, 2015, Chieftain Sand and Proppant Barron, LLC initiated arbitration against our subsidiary, Baker Hughes Oilfield Operations, Inc., in the American Arbitration Association. The Claimant alleged that the Company failed to purchase the required sand tonnage for the contract year 2014-2015 and further alleged that the Company repudiated its yearly purchase obligations over the remaining contract term. The Claimant alleged damages of approximately $110 million plus interest, attorneys' fees and costs. On June 2, 2016, the parties agreed to a settlement of all claims and counterclaims asserted in the Arbitration. The settlement did not have a material impact on our financial position, results of operations or cash flows. On April 30, 2015, 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 North Dakota law was filed titled Williams et al. v. Baker Hughes Oilfield Operations, Inc. in the U.S. District Court for the District of North Dakota. On February 8, 2016, the Court conditionally certified certain subclasses of employees for collective action treatment. We are evaluating the background facts and at this time cannot predict the outcome of this lawsuit and are not able to reasonably estimate the potential impact, if any, such outcome would have on our financial position, results of operations or cash flows. On July 31, 2015, Rapid Completions LLC filed a lawsuit in federal court in the Eastern District of Texas against Baker Hughes Incorporated, Baker Hughes Oilfield Operations, Inc., and others claiming infringement of U.S. Patent Nos. 6,907,936; 7,134,505; 7,543,634; 7,861,774; and 8,657,009. On August 6, 2015, Rapid Completions amended its complaint to allege infringement of U.S. Patent No. 9,074,451. On September 17, 2015, Rapid Completions and Packers Plus Energy Services Inc., sued Baker Hughes Canada Company in the Canada Federal Court on related Canadian patent 2,412,072. On April 1, 2016, Rapid Completions removed U.S. Patent No. 6,907,936 from its claims in the lawsuit. On April 5, 2016, Rapid Completions filed a second lawsuit in federal court in the Eastern District of Texas against Baker Hughes Incorporated, Baker Hughes Oilfield Operations, Inc. and others claiming infringement of U.S. Patent No. 9,303,501. These patents relate primarily to certain specific downhole completions equipment. The plaintiff has requested a permanent injunction against further alleged infringement, damages in an unspecified amount, supplemental and enhanced damages, and additional relief such as attorney's fees and costs. During August and September 2016, the United States Patent and Trademark office agreed to institute an inter-partes review of U.S. Patent Nos 7,861,774; 7,134,505; 7,534,634; 6,907,936; 8,657,009; and 9,074,451. At this time, we are not able to predict the outcome of these claims or whether they will have a material impact on our financial position, results of operations or cash flows. On April 6, 2016, a civil Complaint against Baker Hughes Incorporated and Halliburton Company was filed by the United States of America seeking a permanent injunction restraining Baker Hughes and Halliburton from carrying out the planned acquisition of Baker Hughes by Halliburton or any other transaction that would combine the two companies. The lawsuit is styled United States of America v. Halliburton Co. and Baker Hughes Inc., in the U.S. District Court for the District of Delaware, Case No. 1:16-cv-00233-UNA. The Complaint alleges that the proposed transaction between Halliburton and Baker Hughes would violate Section 7 of the Clayton Act. Subsequent to the filing of the Complaint, on April 30, 2016, the Merger Agreement with Halliburton was terminated as described in Note 2. "Halliburton Terminated Merger Agreement." On May 4, 2016, the United States filed a Notice of Voluntary Dismissal of the Complaint. On May 30, 2013, we received a Civil Investigative Demand ("CID") from the U.S. Department of Justice ("DOJ") pursuant to the Antitrust Civil Process Act. The CID sought 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 U.S. On May 18, 2016, we received notice from the DOJ that they have closed the investigation with no further action requested of the Company. ENVIRONMENTAL MATTERS Our past and present operations include activities that are subject to extensive domestic (including U.S. federal, state and local) and international environmental regulations with regard to air, land and water quality and other environmental matters. Our environmental procedures, policies and practices are designed to ensure compliance with existing laws and regulations and to minimize the possibility of significant environmental damage. We are involved in voluntary remediation projects at certain of our facilities. On rare occasions, remediation activities are conducted as specified by a government agency-issued consent decree or agreed order. Remediation costs are accrued based on estimates of probable exposure using currently available facts, existing environmental permits, technology and presently enacted laws and regulations. Remediation cost estimates include direct costs related to the environmental investigation, external consulting activities, governmental oversight fees, treatment equipment and costs associated with long-term operation, maintenance and monitoring of a remediation project. We have also been identified as a potentially responsible party ("PRP") in remedial activities related to various Superfund sites. In these instances, we participate in the process set out in the Joint Participation and Defense Agreement to negotiate with government agencies, identify other PRPs, and determine each PRP's allocation and estimate remediation costs. We have accrued what we believe to be our pro-rata share of the total estimated cost of remediation and associated management of these Superfund sites. This share is based upon the ratio that the estimated volume of waste we contributed to the site to the total estimated volume of waste disposed at the site. Applicable U.S. federal law imposes joint and several liability on each PRP for the cleanup of these sites leaving us with the uncertainty that we may be responsible for the remediation cost attributable to other PRPs who are unable to pay their share. No accrual has been made under the joint and several liability concept for those Superfund sites where our participation is de minimis since we believe that the probability that we will have to pay material costs above our volumetric share is remote. We believe there are other PRPs who have greater involvement on a volumetric calculation basis, who have substantial assets and who may be reasonably expected to pay their share of the cost of remediation. For those Superfund sites where we are a significant PRP, remediation costs are estimated to include recalcitrant parties. In some cases, we have insurance coverage or contractual indemnities from third parties to cover a portion of the ultimate liability. Our total accrual for environmental remediation is $31 million and $35 million , at December 31, 2016 and 2015 , respectively, which includes accruals of $2 million in each year for the various Superfund sites. The determination of the required accruals for remediation costs is subject to uncertainty, including the evolving nature of environmental regulations and the difficulty in estimating the extent and type of remediation activity that is necessary. 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 $1.0 billion at December 31, 2016 . 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 consolidated financial statements. We also had commitments outstanding for purchase obligations related to capital expenditures, inventory and services under contracts, for each of the five years in the period ending December 31, 2021 of $102 million , $43 million , $38 million , $36 million and $30 million , respectively, and $37 million in the aggregate thereafter.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in accumulated other comprehensive loss, net of tax: Pensions and Other Postretirement Foreign Currency Translation Adjustments Accumulated Other Comprehensive Loss Balance at December 31, 2014 $ (246 ) $ (503 ) $ (749 ) Other comprehensive income before reclassifications: Foreign currency translation adjustments (241 ) (241 ) Pensions and other postretirement benefits: Actuarial net loss arising in the year (18 ) (18 ) Deferred taxes 10 10 Amounts reclassified from accumulated other comprehensive loss: Amortization of net actuarial loss 16 16 Amortization of prior service credit (10 ) (10 ) Curtailment (18 ) (18 ) Deferred taxes 5 5 Balance at December 31, 2015 (261 ) (744 ) (1,005 ) Other comprehensive income before reclassifications: Foreign currency translation adjustments (5 ) (5 ) Pensions and other postretirement benefits: Actuarial net loss arising in the year (23 ) (23 ) Amounts reclassified from accumulated other comprehensive loss: Amortization of net actuarial loss 17 17 Amortization of prior service credit (9 ) (9 ) Curtailment (9 ) (9 ) Deferred taxes 1 1 Balance at December 31, 2016 $ (284 ) $ (749 ) $ (1,033 ) The amounts reclassified from accumulated other comprehensive loss during the twelve months ended December 31, 2016 and 2015 represent the amortization of net actuarial loss and prior service credit, and curtailments which are included in the computation of net periodic pension cost (see Note 14. "Employee Benefit Plans" for additional details). Net periodic pension cost is recorded across the various cost and expense line items within the consolidated statement of income (loss).

Quarterly Data (Unaudited)

Quarterly Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Data [Abstract]
Quarterly Data (Unaudited)	QUARTERLY DATA (UNAUDITED) First Quarter Second Quarter Third Quarter Fourth Quarter Total Year 2016 Revenue $ 2,670 $ 2,408 $ 2,353 $ 2,410 $ 9,841 Gross profit (1) (90 ) (803 ) 203 174 (516 ) Impairment and restructuring charges (2) 160 1,126 304 145 1,735 Goodwill impairment (3) — 1,841 17 — 1,858 Merger termination fee (4) — (3,500 ) — — (3,500 ) Net loss attributable to Baker Hughes (981 ) (911 ) (429 ) (417 ) (2,738 ) Basic and diluted loss per share attributable to Baker Hughes (2.22 ) (2.08 ) (1.00 ) (0.98 ) (6.31 ) Dividends per share 0.17 0.17 0.17 0.17 0.68 Common stock market prices: High 47.44 49.52 52.70 66.89 Low 38.88 39.36 43.54 49.96 2015 Revenue $ 4,594 $ 3,968 $ 3,786 $ 3,394 $ 15,742 Gross profit (1) 114 266 301 180 861 Impairment and restructuring charges (2) 573 76 98 1,246 1,993 Net loss attributable to Baker Hughes (589 ) (188 ) (159 ) (1,031 ) (1,967 ) Basic and diluted loss per share attributable to Baker Hughes (1.35 ) (0.43 ) (0.36 ) (2.35 ) (4.49 ) Dividends per share 0.17 0.17 0.17 0.17 0.68 Common stock market prices: High 65.04 69.13 61.13 57.33 Low 53.53 61.11 45.76 43.36 (1) Represents revenue less cost of sales, cost of services and research and engineering. (2) Impairment and restructuring charges associated with asset impairments, workforce reductions, facility closures and contract terminations recorded during 2015 and 2016. See Note 4. "Impairment and Restructuring Charges" for further discussion. (3) Goodwill impairment recognized in the second and third quarters of 2016. See Note 12. "Goodwill and Intangible Assets" for further discussion. (4) Merger termination fee received from Halliburton. See Note 2. "Halliburton Terminated Merger Agreement" for further discussion.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II - Valuation and Qualifying Accounts (In millions) Balance at Beginning of Period Charged to Cost and Expenses Write-offs (1) Other Changes (2) (3) Balance at End of Period Year Ended December 31, 2016 Reserve for doubtful accounts receivable $ 383 $ 188 $ (59 ) $ (3 ) $ 509 Reserve for inventories 278 181 (275 ) 4 188 Year Ended December 31, 2015 Reserve for doubtful accounts receivable 224 193 (23 ) (11 ) 383 Reserve for inventories 319 195 (235 ) (1 ) 278 Year Ended December 31, 2014 Reserve for doubtful accounts receivable 238 102 (71 ) (45 ) 224 Reserve for inventories 382 37 (92 ) (8 ) 319 (1) Represents the elimination of accounts receivable and inventory deemed uncollectible or worthless. See Note 10. "Inventories" of the Notes to Consolidated Financial Statements in Item 8 herein for further discussion of the inventory write-offs and related reserves. (2) Represents transfers, currency translation adjustments and divestitures. (3) For the year ended December 31, 2014, the reserve for doubtful accounts receivable includes a $39 million reduction due to the currency devaluation in Venezuela.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our consolidated financial statements are prepared in conformity with United States generally accepted accounting principles ("GAAP"). The consolidated financial statements include the accounts of Baker Hughes and all of our subsidiaries where we exercise control. For investments in subsidiaries that are not wholly-owned, but where we exercise control, the equity held by the minority owners and their portions of net income (loss) are reflected as noncontrolling interests. Investments over which we have the ability to exercise significant influence over operating and financial policies, but do not hold a controlling interest, are accounted for using the equity method of accounting. Intercompany accounts and transactions have been eliminated in consolidation. In the Notes to Consolidated Financial Statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated. Beginning in 2016, all merger and related costs are presented as a separate line item in the consolidated statements of income (loss). Prior year merger and related costs were reclassified to conform to the current year presentation. See Note. 2 "Halliburton Merger Agreement" and Note 3. "General Electric Transaction Agreement" for further information.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of any contingent assets or liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. We base our estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty, and accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. While we believe that the estimates and assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates. Estimates are used for, but are not limited to, determining the following: allowance for doubtful accounts and inventory valuation reserves; recoverability of long-lived assets; useful lives used in depreciation and amortization; income taxes and related valuation allowances; accruals for contingencies; actuarial assumptions to determine costs and liabilities related to employee benefit plans; stock-based compensation expense and the fair value of assets acquired and liabilities assumed in acquisitions.
Revenue Recognition	Revenue Recognition Our products and services are sold based upon purchase orders, contracts or other agreements with the customer that include fixed or determinable prices and that do not include right of return or other similar provisions or other significant post-delivery obligations. We recognize revenue for products sold when title and risk of loss passes, when collectability is reasonably assured and when there are no further significant obligations for future performance. Provisions for estimated warranty returns or similar arrangements are made at the time the related revenue is recognized. Revenue for services is recognized as the services are rendered and when collectability is reasonably assured. Rates for services are typically priced on a per day, per distance drilled, per man hour or similar basis. In certain situations, revenue is generated from transactions that may include multiple products and services under one contract or agreement and which may be delivered to the customer over an extended period of time. Revenue from these arrangements is recognized in accordance with the above criteria and as each item or service is delivered based on their relative fair value.
Research and Engineering	Research and Engineering Research and engineering expenses are expensed as incurred and include costs associated with the research and development of new products and services and costs associated with sustaining engineering of existing products and services.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents include only those investments with an original maturity of three months or less. We maintain cash deposits with major financial institutions. At times, such amounts may exceed federally insured limits. We monitor the credit ratings and our concentration of risk with these financial institutions on a continuing basis to safeguard our cash deposits.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts We establish an allowance for doubtful accounts based on various factors including the payment history and financial condition of our customers and the economic environment. Provisions for doubtful accounts are recorded based on the aging status of the customer accounts or when it becomes evident that the customer will not make the required payments at either contractual due dates or in the future.
Concentration of Credit Risk	Concentration of Credit Risk We grant credit to our customers who primarily operate in the oil and natural gas industry. Although this concentration affects our overall exposure to credit risk, our trade receivables are spread over a diverse group of customers across many countries, which mitigates this risk. We perform periodic credit evaluations of our customers' financial condition, including monitoring our customers' payment history and current credit worthiness to manage this risk. We do not generally require collateral in support of our trade receivables, but we may require payment in advance or security in the form of a letter of credit or bank guarantee.
Inventories	Inventories As of January 1, 2016, inventories are stated at the lower of cost or net realizable value as a result of the adoption of Accounting Standard Update 2015-11, which is described below. Prior to our adoption of this standard, inventories were stated at the lower of cost or market. Cost is determined using the average cost method, and includes the cost of materials, labor and manufacturing overhead. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. As necessary, we record provisions and maintain reserves for excess, slow moving and obsolete inventory. To determine these reserve amounts, we regularly review inventory quantities on hand and compare them to estimates of future product demand, market conditions, production requirements and technological developments.
Property, Plant and Equipment and Accumulated Depreciation	Property, Plant and Equipment and Accumulated Depreciation Property, plant and equipment ("PP&E") is stated at cost less accumulated depreciation, which is generally provided by using the straight-line method over the estimated useful lives of the individual assets. Significant improvements and betterments are capitalized if they extend the useful life of the asset. We manufacture a substantial portion of our tools and equipment and the cost of these items, which includes direct and indirect manufacturing costs, is capitalized and carried in inventory until it is completed. When complete, the cost is reflected in capital expenditures and is classified as machinery, equipment and other in PP&E. Maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the balance sheet and the net amount, less proceeds from disposal, is charged or credited to income. The capitalized costs of computer software developed or purchased for internal use are classified in machinery, equipment and other.
Goodwill, Intangible Assets and Amortization	Goodwill, Intangible Assets and Amortization Goodwill is the excess of the consideration transferred over the fair value of the tangible and identifiable intangible assets and liabilities recognized in acquisitions. Goodwill and intangible assets with indefinite lives are not amortized. Intangible assets with finite useful lives, all of which are amortized on a basis that reflects the pattern in which the economic benefits of the intangible assets are realized, which is generally on a straight-line basis over the asset's estimated useful life.
Impairment of Goodwill, PP&E, Intangibles and Other Long-lived Assets	Impairment of Goodwill, PP&E, Intangibles and Other Long-lived Assets We perform an annual impairment test of goodwill for each of our reporting units as of October 1, or more frequently if an event occurs or circumstances change to indicate that it is more likely than not that an impairment may exist. Our reporting units are based on our organizational and reporting structure and are the same as our five reportable segments. Corporate and other assets and liabilities are allocated to the reporting units to the extent that they relate to the operations of those reporting units in determining their carrying amount. When performing the annual impairment test we have the option of first performing a qualitative assessment to determine the existence of events and circumstances that would lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such a conclusion is reached, we would then be required to perform a quantitative impairment assessment of goodwill. However, if the assessment leads to a determination that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then no further assessments are required. A quantitative assessment for the determination of impairment is made by comparing the carrying amount of each reporting unit with its fair value, which is generally calculated using a combination of market, comparable transaction and discounted cash flow approaches. See Note 12. "Goodwill and Intangible Assets" for further information about the goodwill impairment recorded in 2016. We review PP&E, intangible assets and certain other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable and at least annually for certain intangible assets. The determination of recoverability is made based upon the estimated undiscounted future net cash flows. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flow analysis, with the carrying value of the related assets. In 2015 and 2014, we performed a qualitative assessment for our annual goodwill impairment test and determined that it was more likely than not that the fair value of each of our reporting units exceeded its carrying amount at that time.
Income Taxes	Income Taxes We use the liability method in determining our provision and liabilities for our income taxes, under which current and deferred tax liabilities and assets are recorded in accordance with enacted tax laws and rates. Deferred tax liabilities and assets, which are computed on the estimated income tax effect of temporary differences between financial and tax bases in assets and liabilities, are determined using the tax rate expected to be in effect when taxes are actually paid or recovered. A valuation allowance to reduce deferred tax assets is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. We currently intend to indefinitely reinvest certain earnings of our foreign subsidiaries in operations outside the U.S., and accordingly, we have not provided for U.S. income taxes on such earnings. We do provide for the U.S. and additional non-U.S. taxes on earnings anticipated to be repatriated from our non-U.S. subsidiaries. Our tax filings for various periods are subject to audit by tax authorities in most jurisdictions where we conduct business. These audits may result in assessments of additional taxes that are resolved with the authorities or through the courts. We have provided for the amounts we believe will ultimately result from these proceedings. In addition to the assessments that have been received from various tax authorities, we also provide for taxes for uncertain tax positions where formal assessments have not been received. We classify interest and penalties related to uncertain tax positions as income taxes in our financial statements.
Environmental Matters	Environmental Matters Estimated remediation costs are accrued using currently available facts, existing environmental permits, technology and enacted laws and regulations. Our cost estimates are developed based on internal evaluations and are not discounted. Accruals are recorded when it is probable that we will be obligated to pay for environmental site evaluation, remediation or related activities, and such costs can be reasonably estimated. As additional information becomes available, accruals are adjusted to reflect current cost estimates. Ongoing environmental compliance costs, such as obtaining environmental permits, installation of pollution control equipment and waste disposal are expensed as incurred. Where we have been identified as a potentially responsible party in a U.S. federal or state Comprehensive Environmental Response, Compensation and Liability Act ("Superfund") site, we accrue our share of the estimated remediation costs of the site. This share is based on the ratio of the estimated volume of waste we contributed to the site to the total volume of waste disposed at the site.
Foreign Currency	Foreign Currency A number of our significant foreign subsidiaries have designated the local currency as their functional currency and, as such, gains and losses resulting from balance sheet translation of foreign operations are included as a separate component of accumulated other comprehensive loss within stockholders' equity. Gains and losses from foreign currency transactions, such as those resulting from the settlement of receivables or payables in the non-functional currency, are included in marketing, general and administrative ("MG&A") expenses in the consolidated statements of income (loss) as incurred. For those foreign subsidiaries that have designated the U.S. Dollar ("USD") as the functional currency, monetary assets and liabilities are remeasured at period-end exchange rates, and nonmonetary items are remeasured at historical exchange rates. Gains and losses resulting from this balance sheet remeasurement are also included in MG&A expenses as incurred.
Fair Value Measurement	Fair Value Measurement We define fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date. We apply the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: • Level One: The use of quoted prices in active markets for identical financial instruments. • Level Two: The use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or other inputs that are observable in the market or can be corroborated by observable market data. • Level Three: The use of significantly unobservable inputs that typically require the use of management's estimates of assumptions that market participants would use in pricing.
Financial Instruments	Financial Instruments Our financial instruments include cash and cash equivalents, accounts receivable, investments, accounts payable, short and long-term debt, and derivative financial instruments. Except for long-term debt, the estimated fair value of our financial instruments at December 31, 2016 and 2015 approximates their carrying value as reflected in our consolidated balance sheets. For further information on the fair value of our debt, see Note 13. "Indebtedness." We monitor our exposure to various business risks including commodity prices, foreign currency exchange rates and interest rates and regularly use derivative financial instruments to manage these risks. Our policies do not permit the use of derivative financial instruments for speculative purposes. At the inception of a new derivative, we designate the derivative as a hedge or we determine the derivative to be undesignated as a hedging instrument. We document the relationships between the hedging instruments and the hedged items, as well as our risk management objectives and strategy for undertaking various hedge transactions. We have a program that utilizes foreign currency forward contracts to reduce the risks associated with the effects of certain foreign currency exposures. Under this program, our strategy is to have gains or losses on the foreign currency forward contracts mitigate the foreign currency transaction and translation gains or losses to the extent practical. These foreign currency exposures typically arise from changes in the value of assets and liabilities which are denominated in currencies other than the functional currency. Our foreign currency forward contracts generally settle in less than 180 days. We record all derivatives as of the end of our reporting period in our consolidated balance sheet at fair value. We record the changes in fair value of the forward contracts in our consolidated statements of income (loss) along with the change in fair value of the hedged item. Recognized gains and losses on derivatives entered into to manage foreign currency exchange risk are included in MG&A expenses in the consolidated statements of income (loss).
New Accounting Standards Adopted and New Accounting Standards To Be Adopted	New Accounting Standards Adopted In July 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-11, Simplifying the Measurement of Inventory , which requires inventory measured using average cost methods, which we utilize, to be subsequently measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. We elected to early adopt this guidance as of January 1, 2016 because we believe this approach reduces the complexity in the subsequent measurement of our inventory. Previously, inventory was required to be subsequently measured at the lower of cost or market with market defined as replacement cost, net realizable value or net realizable value less a normal profit margin. The impact of adopting this standard was immaterial to our financial statements. The guidance stipulates that the amendments in ASU No.2015-11 shall be adopted on a prospective basis, therefore our adoption had no impact on prior reporting periods. New Accounting Standards To Be Adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers . The ASU will supersede most of the existing revenue recognition requirements in U.S. GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. The new standard also requires significantly expanded disclosures regarding the qualitative and quantitative information of an entity's nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The pronouncement is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and is to be applied using a retrospective or modified retrospective approach. Early adoption is permitted. We are currently evaluating the provisions of ASU 2014-09 and assessing the impact, if any, it may have on our financial position and results of operations. As part of our assessment work to-date, we have formed an implementation work team, completed training of the new ASU's revenue recognition model and begun contract review and documentation. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes , which amends existing guidance on income taxes to require the classification of all deferred tax assets and liabilities as noncurrent on the balance sheet. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, and will be adopted prospectively. We have completed an evaluation of the pronouncement and determined that the reclassification of deferred taxes will not be material to our consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases , a new standard on accounting for leases. The ASU introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in the current accounting guidance as well as the FASB's new revenue recognition standard. However, the ASU eliminates the use of bright-line tests in determining lease classification as required in the current guidance. The ASU also requires additional qualitative disclosures along with specific quantitative disclosures to better enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The pronouncement is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, using a modified retrospective approach. Early adoption is permitted. We are currently evaluating the provisions of ASU 2016-02 and assessing the impact it will have on our consolidated financial statements and related disclosures. As part of our assessment work to-date, we have formed an implementation work team, completed training of the new ASU's lease model with the implementation team, and begun review and documentation. In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting . The standard provides a new requirement to record all of the tax effects related to share-based payments at settlement (or expiration) through the income statement. This pronouncement is effective for annual reporting periods beginning after December 15, 2016. We have completed an evaluation of the pronouncement and determined that its impact upon adoption will not be material to our consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments. The new standard amends the impairment model for trade receivables, net investments in leases, debt securities, loans and certain other instruments to utilize an expected loss methodology in place of the currently used incurred loss methodology. This pronouncement is effective for annual periods beginning after December 15, 2019, including interim periods within those annual periods. Early adoption will be permitted for annual periods beginning after December 15, 2018. We are currently evaluating the provisions of the pronouncement and assessing the impact, if any, on our financial statements and related disclosures. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments . The standard addresses the classification and presentation of eight specific cash flow issues that currently result in diverse practices. This pronouncement is effective for annual reporting periods beginning after December 15, 2017. The amendments in this ASU should be applied using a retrospective approach. We have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures, but the impact is not expected to be material. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory . The standard removes the prohibition in ASC 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. This pronouncement is effective for annual reporting periods beginning after December 15, 2017. The amendments in this ASU should be applied using a retrospective approach. We have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures, but the impact is not expected to be material.

Impairment and Restructuring 28

Impairment and Restructuring Charges (Tables)	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Schedule of Impairment Charges	The WACC's used to discount future cash flows for the impairments recognized in 2016 are included in the table below. Impairment Charges Net Carrying Value Segments Machinery, Equipment and Other Intangible Assets Total Impairment Charges Machinery, Equipment and Other Intangible Assets WACC North America $ 84 $ 85 $ 169 $ 241 $ 125 10.0 % Latin America 66 5 71 245 17 16.0 % Europe/Africa/Russia Caspian 124 4 128 222 8 (1 ) Middle East/Asia Pacific 166 17 183 433 49 (1 ) Industrial Services 13 3 16 196 44 10.0 % Total $ 453 $ 114 $ 567 $ 1,337 $ 243 (1) The WACC's used by region in 2016 were as follows: Europe - 10.5% ; Africa - 19.5% ; Russia/Caspian - 15.0% ; Middle East - 14.0% ; Asia Pacific - 13.5% .
Schedule of Restructuring Charges	Our restructuring charges as summarized below as of December 31: Restructuring Charges 2016 2015 Workforce reductions $ 272 $ 436 Contract terminations 192 121 Impairment of buildings and improvements 214 82 Impairment of machinery and equipment 490 191 Total restructuring charges $ 1,168 $ 830

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Summarized financial information	The following table presents revenue and operating profit (loss) before tax by segment for the years ended December 31: 2016 2015 2014 Segments Revenue Operating Profit (Loss) Before Tax Revenue Operating Profit (Loss) Before Tax Revenue Operating Profit (Loss) Before Tax North America $ 2,936 $ (687 ) $ 6,009 $ (639 ) $ 12,078 $ 1,466 Latin America 980 (276 ) 1,799 144 2,236 290 Europe/Africa/Russia Caspian 2,201 (273 ) 3,278 183 4,417 621 Middle East/Asia Pacific 2,705 69 3,441 229 4,456 675 Industrial Services 1,019 (6 ) 1,215 108 1,364 119 Total Operations 9,841 (1,173 ) 15,742 25 24,551 3,171 Corporate — (158 ) — (133 ) — (312 ) Loss on sale of business interest — (97 ) — — — — Loss on early extinguishment of debt — (142 ) — — — — Interest expense, net — (178 ) — (217 ) — (232 ) Impairment and restructuring charges — (1,735 ) — (1,993 ) — — Goodwill impairment — (1,858 ) — — — — Merger and related costs — (199 ) — (295 ) — — Merger termination fee — 3,500 — — — — Total $ 9,841 $ (2,040 ) $ 15,742 $ (2,613 ) $ 24,551 $ 2,627
Total assets by operating segments	The following table presents total assets by segment at December 31: 2016 2015 2014 Segments Assets Assets Assets North America $ 3,049 $ 6,599 $ 9,782 Latin America 1,530 2,323 2,508 Europe/Africa/Russia Caspian 2,446 3,077 4,106 Middle East/Asia Pacific 2,746 3,441 4,029 Industrial Services 631 1,106 1,260 Shared assets 5,129 5,613 5,423 Total Operations 15,531 22,159 27,108 Corporate 3,503 1,921 1,719 Total $ 19,034 $ 24,080 $ 28,827
Capital expenditures and depreciation and amortization by segment	The following table presents capital expenditures and depreciation and amortization by segment for the years ended December 31: 2016 2015 2014 Segments Capital Expenditures Depreciation and Amortization Capital Expenditures Depreciation and Amortization Capital Expenditures Depreciation and Amortization North America $ 75 $ 356 $ 228 $ 714 $ 465 $ 842 Latin America 35 160 103 213 171 220 Europe/Africa/Russia Caspian 122 268 175 378 373 351 Middle East/Asia Pacific 83 300 247 344 385 321 Industrial Services 7 77 21 87 46 70 Shared assets 9 — 188 — 342 — Total Operations 331 1,161 962 1,736 1,782 1,804 Corporate 1 5 3 6 9 10 Total $ 332 $ 1,166 $ 965 $ 1,742 $ 1,791 $ 1,814
Schedule of revenue from external customers and net PP&E, by geographical areas	The following tables present geographic consolidated revenue based on the location to where the product is shipped or the services are performed for the years ended December 31, and net property, plant and equipment by its geographic location at December 31. Amounts for Industrial Services have been included in the applicable geographic locations. 2016 2015 2014 Revenue Revenue Revenue U.S. $ 2,875 $ 5,800 $ 11,499 Canada and other 598 839 1,336 North America 3,473 6,639 12,835 Latin America 1,006 1,847 2,300 Europe/Africa/Russia Caspian 2,457 3,555 4,705 Middle East/Asia Pacific 2,905 3,701 4,711 Total $ 9,841 $ 15,742 $ 24,551 2016 2015 2014 Net Property, Plant and Equipment Net Property, Plant and Equipment Net Property, Plant and Equipment U.S. $ 1,792 $ 2,989 $ 4,417 Canada and other 148 260 482 North America 1,940 3,249 4,899 Latin America 466 716 890 Europe/Africa/Russia Caspian 984 1,400 1,805 Middle East/Asia Pacific 881 1,328 1,469 Total $ 4,271 $ 6,693 $ 9,063
Consolidated revenue by product line	The following table presents consolidated revenue for each category of similar products and services for the years ended December 31: 2016 2015 2014 Completion and Production $ 5,681 $ 8,831 $ 14,572 Drilling and Evaluation 3,141 5,696 8,615 Industrial Services 1,019 1,215 1,364 Total $ 9,841 $ 15,742 $ 24,551

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of stock-based compensation costs	Stock-based compensation costs are as follows for the years ended December 31: 2016 2015 2014 Stock-based compensation cost $ 125 $ 120 $ 122 Tax benefit (33 ) (28 ) (26 ) Stock-based compensation cost, net of tax $ 92 $ 92 $ 96
Weighted average assumptions used in the option pricing model for options granted	The following table presents the weighted average assumptions used in the option pricing model for options granted. The expected life of the options represents the period of time the options are expected to be outstanding. The expected life is based on our historical exercise trends and post-vest termination data incorporated into a forward-looking stock price model. The expected volatility is based on our implied volatility, which is the volatility forecast that is implied by the prices of actively traded options to purchase our stock observed in the market. The risk-free interest rate is based on the observed U.S. Treasury yield curve in effect at the time the options were granted. The dividend yield is based on our history of dividend payouts. 2014 Expected life (years) 4.6 Risk-free interest rate 1.5 % Volatility 31.9 % Dividend yield 1.0 % Weighted average fair value per share at grant date $ 16.81
Summary of stock options outstanding and related information	The following table presents the changes in stock options outstanding and related information (in thousands, except per option prices): Number of Options Weighted Average Exercise Price Per Option Outstanding at December 31, 2015 8,602 $ 54.56 Granted — — Exercised (765 ) 44.04 Forfeited (78 ) 60.35 Expired (522 ) 75.55 Outstanding at December 31, 2016 7,237 $ 54.09 Exercisable at December 31, 2016 6,993 $ 53.76
Summary of restricted stock awards	The following table presents the combined changes of RSAs and RSUs and related information (in thousands, except per award/unit prices): Number of Awards and Units Weighted Average Grant Date Fair Value Per Award/Unit Unvested balance at December 31, 2015 3,356 $ 58.99 Granted 3,313 40.56 Vested (1,809 ) 55.50 Forfeited (809 ) 49.73 Unvested balance at December 31, 2016 4,051 $ 47.33
Assumptions used in estimating fair value of shares granted under the employee stock purchase plan	Compensation cost for the years ended December 31, was calculated using the Black-Scholes option pricing model with the following assumptions: 2016 2015 2014 Expected life (years) 0.5 0.5 0.5 Risk-free interest rate 0.5 % 0.1 % 0.03 % Volatility 46.2 % 30.9 % 24.7 % Dividend yield 1.5 % 1.2 % 1.0 % Fair value per share of the 15% cash discount $ 6.85 $ 8.79 $ 9.72 Fair value per share of the look-back provision 5.86 4.97 4.39 Total weighted average fair value per share at grant date $ 12.71 $ 13.76 $ 14.11

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Provision or benefit for income taxes	The provision or benefit for income taxes is comprised of the following for the years ended December 31: 2016 2015 2014 Current: U.S. $ 139 $ (55 ) $ 365 Foreign 208 225 601 Total current 347 170 966 Deferred: U.S. 269 (762 ) (52 ) Foreign 80 (47 ) (18 ) Total deferred 349 (809 ) (70 ) Provision (benefit) for income taxes $ 696 $ (639 ) $ 896
Geographic sources of income before income taxes	The geographic sources of loss or income before income taxes are as follows for the years ended December 31: 2016 2015 2014 U.S. $ (347 ) $ (2,288 ) $ 920 Foreign (1,693 ) (325 ) 1,707 (Loss) income before income taxes $ (2,040 ) $ (2,613 ) $ 2,627
Difference between provision and U.S. statutory tax rate	The benefit or provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the loss or income before income taxes for the reasons set forth below for the years ended December 31: 2016 2015 2014 U.S. statutory income tax rate 35.0 % 35.0 % 35.0 % Effect of foreign operations 1.3 (1.5 ) (5.3 ) Change in valuation allowances (39.2 ) (7.3 ) 4.0 Adjustments of prior years' tax positions (3.8 ) (1.5 ) 1.2 Goodwill impairment (27.6 ) — — State income taxes - net of U.S. tax benefit 1.2 1.4 0.9 Other - net (1.0 ) (1.6 ) (1.7 ) Total effective tax rate (34.1 )% 24.5 % 34.1 %
Deferred tax assets and liabilities	The tax effects of our temporary differences and carryforwards are as follows at December 31: 2016 2015 Deferred tax assets: Receivables $ 184 $ 84 Inventory 196 253 Property 261 — Employee benefits 128 143 Other accrued expenses 125 141 Operating loss carryforwards 1,111 1,153 Tax credit carryforwards 214 458 Other 52 112 Subtotal 2,271 2,344 Valuation allowances (2,010 ) (1,210 ) Total 261 1,134 Deferred tax liabilities: Goodwill and other intangibles 133 272 Property — 47 Undistributed earnings of foreign subsidiaries 27 21 Other 6 35 Total 166 375 Net deferred tax asset $ 95 $ 759
Rollforward of unrecognized tax benefits and associated interest and penalties	The following table presents the changes in our gross unrecognized tax benefits and associated interest and penalties included in the consolidated balance sheets. Gross Unrecognized Tax Benefits, Excluding Interest and Penalties Interest and Penalties Total Gross Unrecognized Tax Benefits Balance at December 31, 2013 $ 228 $ 54 $ 282 (Decrease) increase in prior year tax positions (7 ) 1 (6 ) Increase in current year tax positions 39 2 41 Decrease related to settlements with taxing authorities (5 ) (1 ) (6 ) Decrease related to lapse of statute of limitations (6 ) (3 ) (9 ) Decrease due to effects of foreign currency translation (7 ) (4 ) (11 ) Balance at December 31, 2014 242 49 291 Increase in prior year tax positions 19 15 34 Increase in current year tax positions 26 1 27 Decrease related to settlements with taxing authorities (8 ) (2 ) (10 ) Decrease related to lapse of statute of limitations (11 ) (7 ) (18 ) Decrease due to effects of foreign currency translation (8 ) (4 ) (12 ) Balance at December 31, 2015 260 52 312 Increase in prior year tax positions 28 34 62 Increase in current year tax positions 17 1 18 Decrease related to settlements with taxing authorities (9 ) (1 ) (10 ) Decrease related to lapse of statute of limitations (8 ) (8 ) (16 ) Decrease due to effects of foreign currency translation (11 ) (4 ) (15 ) Balance at December 31, 2016 $ 277 $ 74 $ 351
Earliest tax years that remain subject to examination by major taxing jurisdictions	The following table summarizes the earliest tax years that remain subject to examination by the major taxing jurisdictions in which we operate. In addition to the U.S., we include foreign jurisdictions that have historically generated the highest tax liability. Jurisdiction Earliest Open Tax Period Jurisdiction Earliest Open Tax Period Argentina 2009 Norway 2006 Ecuador 2005 Saudi Arabia 2004 Netherlands 2010 U.S. 2010

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Number of shares used for calculation of basic and diluted earnings per share	A reconciliation of the number of shares used for the basic and diluted loss or earnings per share ("EPS") computations is as follows for the years ended December 31: 2016 2015 2014 Weighted average common shares outstanding for basic EPS 434 438 437 Effect of dilutive securities - stock plans — — 2 Adjusted weighted average common shares outstanding for diluted EPS 434 438 439 Anti-dilutive shares excluded from diluted EPS (1) 1 2 — Future potentially dilutive shares excluded from diluted EPS (2) 3 3 2 (1) The calculation of diluted net loss per share for 2016 and 2015, excludes shares potentially issuable under stock-based incentive compensation plans and the employee stock purchase plan, as their effect, if included, would have been anti-dilutive. (2) Options where the exercise price exceeds the average market price are excluded from the calculation of diluted net loss or earnings per share because their effect would be anti-dilutive.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Inventories, net of reserves	Inventories, net of reserves of $188 million and $278 million in 2016 and 2015 , respectively, are comprised of the following at December 31: 2016 2015 Finished goods $ 1,607 $ 2,649 Work in process 105 132 Raw materials 97 136 Total inventories $ 1,809 $ 2,917

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment are comprised of the following at December 31: Useful Life 2016 2015 Land $ 211 $ 263 Buildings and improvements 5 - 30 years 2,146 2,624 Machinery, equipment and other 1 - 20 years 8,481 11,184 Subtotal 10,838 14,071 Less: Accumulated depreciation 6,567 7,378 Total property, plant and equipment $ 4,271 $ 6,693

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill are detailed below by segment. North America Latin America Europe/ Africa/ Russia Caspian Middle East/ Asia Pacific Industrial Services Total Goodwill Balance at December 31, 2015 $ 3,097 $ 584 $ 1,068 $ 819 $ 502 $ 6,070 Impairments (1,549 ) — — — (309 ) (1,858 ) Disposition (139 ) — — — — (139 ) Currency translation adjustments and other 6 4 — 1 — 11 Balance at December 31, 2016 $ 1,415 $ 588 $ 1,068 $ 820 $ 193 $ 4,084
Schedule of finite-lived intangible assets	Intangible assets are comprised of the following at December 31: 2016 2015 Gross Carrying Amount Less: Accumulated Amortization Net Gross Carrying Amount Less: Accumulated Amortization Net Technology (1) $ 527 $ 267 $ 260 $ 866 $ 452 $ 414 Customer relationships (1) 74 31 43 251 106 145 Trade names (1) 90 79 11 108 89 19 Other 17 13 4 18 13 5 Total intangibles $ 708 $ 390 $ 318 $ 1,243 $ 660 $ 583 (1) During 2016 and 2015, we recorded impairments relating to our technology, customer relationships and trade names intangible assets totaling $114 million and $116 million , respectively. See Note 4. "Impairment and Restructuring Charges" for further discussion.
Schedule of finite-lived intangible assets, future amortization expense	Estimated amortization expense for each of the subsequent five fiscal years is expected to be as follows: Year Estimated Amortization Expense 2017 $ 54 2018 49 2019 46 2020 38 2021 33

Indebtedness (Tables)

Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt - Net of Unamortized Discount and Debt Issuance Cost	Total debt consisted of the following at December 31, net of unamortized discount and debt issuance cost: 2016 2015 6.0% Notes due June 2018 $ 199 $ 255 7.5% Senior Notes due November 2018 524 747 3.2% Senior Notes due August 2021 511 746 8.55% Debentures due June 2024 112 149 6.875% Notes due January 2029 301 394 5.125% Notes due September 2040 1,132 1,482 Other debt 239 268 Total debt 3,018 4,041 Less: short-term debt and current portion of long-term debt 132 151 Total long-term debt $ 2,886 $ 3,890
Schedule of Maturities of Long-term Debt	Maturities of debt for each of the five years in the period ending December 31, 2021, and in the aggregate thereafter, are listed in the table below: 2017 2018 2019 2020 2021 Thereafter Total debt $ 132 $ 753 $ 26 $ 12 $ 524 $ 1,571

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Defined benefit plan funded status of plan	Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets and the funded status of our plans. U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Change in benefit obligation: Benefit obligation at beginning of year $ 735 $ 728 $ 798 $ 872 $ 107 $ 122 Service cost 52 64 14 15 4 5 Interest cost 29 26 27 30 4 4 Actuarial loss (gain) (13 ) (4 ) 165 (23 ) — (10 ) Benefits paid (63 ) (59 ) (38 ) (35 ) (14 ) (11 ) Curtailment (12 ) (24 ) (2 ) (2 ) (4 ) (2 ) Other (2 ) 4 — (6 ) — (1 ) Foreign currency translation adjustments — — (118 ) (53 ) — — Benefit obligation at end of year 726 735 846 798 97 107 Change in plan assets: Fair value of plan assets at beginning of year 595 648 713 767 — — Actual return on plan assets 29 (5 ) 118 4 — — Employer contributions 44 16 24 28 14 11 Benefits paid (63 ) (59 ) (38 ) (35 ) (14 ) (11 ) Other (5 ) (5 ) — (6 ) — — Foreign currency translation adjustments — — (118 ) (45 ) — — Fair value of plan assets at end of year 600 595 699 713 — — Funded status - underfunded at end of year $ (126 ) $ (140 ) $ (147 ) $ (85 ) $ (97 ) $ (107 ) Accumulated benefit obligation $ 682 $ 681 $ 810 $ 763 $ 97 $ 107
Amounts recognized in the consolidated balance sheets	The amounts recognized in the consolidated balance sheets consist of the following at December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Noncurrent assets $ — $ — $ 3 $ 51 $ — $ — Current liabilities (1 ) (2 ) (6 ) (6 ) (16 ) (16 ) Noncurrent liabilities (125 ) (138 ) (144 ) (130 ) (81 ) (91 ) Net amount recognized $ (126 ) $ (140 ) $ (147 ) $ (85 ) $ (97 ) $ (107 )
Accumulated benefit obligations in excess of plan assets	Information for the plans with ABOs in excess of plan assets is as follows at December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Projected benefit obligation $ 725 $ 735 $ 821 $ 149 n/a n/a Accumulated benefit obligation $ 682 $ 681 $ 786 $ 114 $ 97 $ 107 Fair value of plan assets $ 600 $ 595 $ 672 $ 12 n/a n/a
Weighted average assumptions used to determine benefit obligations	Weighted average assumptions used to determine benefit obligations for these plans are as follows for the years ended December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Discount rate 4.0 % 4.2 % 2.6 % 3.7 % 3.6 % 3.7 % Rate of compensation increase 5.5 % 5.9 % 4.2 % 4.1 % n/a n/a Social security increase 2.8 % 2.8 % 2.0 % 2.2 % n/a n/a
Accumulated other comprehensive loss	The amount recorded before-tax in accumulated other comprehensive loss related to employee benefit plans consists of the following at December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2016 2015 2016 2015 Net actuarial loss $ 166 $ 191 $ 266 $ 229 $ 6 $ 10 Net prior service cost (credit) — — — — (37 ) (54 ) Total $ 166 $ 191 $ 266 $ 229 $ (31 ) $ (44 )
Net periodic cost	The components of net periodic cost are as follows for the years ended December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2014 2016 2015 2014 2016 2015 2014 Service cost $ 52 $ 64 $ 70 $ 14 $ 15 $ 11 $ 4 $ 5 $ 6 Interest cost 29 26 28 27 30 34 4 4 5 Expected return on plan assets (41 ) (49 ) (44 ) (33 ) (47 ) (41 ) — — — Amortization of prior service credit — 1 — — — — (9 ) (11 ) (11 ) Amortization of net actuarial loss 11 9 8 6 6 5 — 1 1 Curtailment gain — — — (2 ) (1 ) — (7 ) (17 ) — Other 3 8 — — — — — — (3 ) Net periodic cost $ 54 $ 59 $ 62 $ 12 $ 3 $ 9 $ (8 ) $ (18 ) $ (2 )
Weighted average assumptions used to determine net periodic cost	Weighted average assumptions used to determine net periodic cost for these plans are as follows for the years ended December 31: U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2016 2015 2014 2016 2015 2014 2016 2015 2014 Discount rate 4.2 % 3.7 % 4.5 % 3.7 % 3.5 % 4.4 % 3.7 % 3.3 % 4.0 % Expected long-term return on plan assets 7.0 % 7.6 % 7.3 % 5.0 % 6.3 % 6.1 % n/a n/a n/a Rate of compensation increase 5.7 % 5.8 % 5.6 % 4.1 % 4.1 % 4.4 % n/a n/a n/a Social security increase 2.8 % 2.8 % 2.8 % 2.1 % 2.1 % 2.4 % n/a n/a n/a
Effect of one-percentage point change in assumed health care cost trend rates	A one percentage point change in assumed health care cost trend rates would have had the following effects on 2016 : One Percentage Point Increase One Percentage Point Decrease Effect on total of service and interest cost components $ 0.1 $ (0.1 ) Effect on postretirement welfare benefit obligation $ 0.9 $ (1.2 )
Fair values of the assets in U.S. Plan	The table below presents the fair value of the assets in the U.S. Pension Plan by asset category and by valuation technique at December 31: 2016 2015 Asset Category Total Asset Value Level One Level Two Level Three Total Asset Value Level One Level Two Level Three Cash and Cash Equivalents $ 2 $ — $ 2 $ — $ 16 $ 12 $ 4 $ — Fixed Income (1) 120 — 120 — 109 — 109 — Non-U.S. Equity (2) 126 31 95 — 129 31 98 — U.S. Equity (3) 131 — 131 — 129 — 129 — Hedge Funds (4) 150 — — 150 152 — — 152 Real Estate Funds (5) 8 — — 8 10 — — 10 Real Estate Investment Trust Equity 12 — 12 — 9 — 9 — Private Equity Fund (6) 51 — — 51 41 — — 41 Total $ 600 $ 31 $ 360 $ 209 $ 595 $ 43 $ 349 $ 203 (1) A multi-manager strategy investing in fixed income securities and funds. The current allocation includes: 39% in unconstrained bond funds; 25% in government bonds; 12% in corporate bonds; 10% in government mortgage-backed securities; 6% in a passive index bond; 1% in commercial mortgage-backed securities; 1% in short-term bills and notes; 1% in asset-backed securities; and 5% in cash and other securities. (2) Multi-manager strategy investing in common stocks of non-U.S. listed companies using both value and growth approaches. (3) Multi-manager strategy investing in common stocks of U.S. listed companies using value and growth approaches. (4) Strategies taking long and short positions in equities, fixed income securities, currencies and derivative contracts. (5) Strategy investing in the global private real estate secondary market using a value-based investment approach. (6) Partnership making opportunistic investments on a global basis across asset classes, capital structures and geographies.
Fair values of the assets in our Non-U.S Plans by asset category and by levels of fair value	The table below presents the fair value of the assets in our Non-U.S. Plans by asset category and by valuation technique at December 31: 2016 2015 Asset Category Total Asset Value Level One Level Two Level Three Total Asset Value Level One Level Two Level Three Cash and Cash Equivalents $ 5 $ 5 $ — $ — $ 5 $ 5 $ — $ — Asset Allocation (1) 122 — 122 — 152 — 152 — Bonds - Canada - Corporate (2) 6 — 6 — 6 — 6 — Bonds - Canada - Government (3) 17 — 17 — 19 — 19 — Bonds - U.K. - Corporate (4) 8 — 8 — 8 — 8 — Bonds - U.K. - Government (5) 225 — 225 — 211 — 211 — Bonds - Global - Corporate (6) 57 — 57 — 64 — 64 — Equities (7) 122 — 122 — 128 — 128 — Real Estate Fund (8) 19 — — 19 23 — — 23 Pooled Swap Funds (9) 106 — 106 — 85 — 85 — Insurance contracts 12 — — 12 12 — — 12 Total $ 699 $ 5 $ 663 $ 31 $ 713 $ 5 $ 673 $ 35 (1) Invests in mixes of global common stocks and bonds to achieve broad diversification. (2) Invests in Canadian Dollar-denominated high quality corporate bonds. (3) Invests in Canadian Dollar-denominated government issued bonds intended to match the duration of plan liabilities. (4) Invests passively in British Pound Sterling-denominated investment grade corporate bonds. (5) Invests passively in British Pound Sterling-denominated government issued bonds. (6) Invests globally in high quality corporate bonds. (7) Invests in broad equity funds based on securities offered in various regions or countries. Equity funds are allocated by region as follows: 47% Global; 32% U.K.; 7% Emerging Markets; 5% North America; 5% Asia Pacific; and 4% Europe. (8) Invests in a diversified range of property throughout the U.K., principally in the retail, office and industrial/warehouse sectors. (9) Invests in a range of pooled funds which include positions in swap contracts and U.K. sovereign bonds; pooled funds are categorized by maturities of underlying positions. Pooled funds employ leverage in order to match the U.K. Plan's duration and inflation.
Changes in the fair value of assets	The following table presents the changes in the fair value of assets determined using level 3 unobservable inputs: U.S. Private Equity Fund U.S. Real Estate Fund U.S. Hedge Funds Non-U.S. Real Estate Fund Non-U.S. Insurance Contracts Total Balance at December 31, 2013 $ 16 $ 9 $ 190 $ 21 $ 18 $ 254 Unrealized gains (losses) — 1 6 1 (1 ) 7 Realized gains 1 — 7 — — 8 Sales (4 ) — (85 ) — — (89 ) Purchases 8 — 46 — — 54 Balance at December 31, 2014 21 10 164 22 17 234 Unrealized gains (losses) — — (6 ) — (2 ) (8 ) Realized gains — 1 1 — — 2 Sales (4 ) (2 ) (15 ) — (5 ) (26 ) Purchases 24 1 8 1 2 36 Balance at December 31, 2015 41 10 152 23 12 238 Unrealized gains (losses) 3 1 — (5 ) — (1 ) Realized losses — — (1 ) — — (1 ) Sales (5 ) (3 ) (22 ) — (3 ) (33 ) Purchases 12 — 21 1 3 37 Balance at December 31, 2016 $ 51 $ 8 $ 150 $ 19 $ 12 $ 240
Expected future benefit payments	The following table presents the expected benefit payments over the next ten years. The U.S. and non-U.S. pension benefit payments are made by the respective pension trust funds. Year U.S. Pension Benefits Non-U.S. Pension Benefits Other Postretirement Benefits 2017 $ 46 $ 22 $ 16 2018 $ 44 $ 24 $ 12 2019 $ 46 $ 29 $ 10 2020 $ 47 $ 27 $ 9 2021 $ 48 $ 32 $ 9 2022-2026 $ 264 $ 182 $ 37

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	The following table presents the changes in accumulated other comprehensive loss, net of tax: Pensions and Other Postretirement Foreign Currency Translation Adjustments Accumulated Other Comprehensive Loss Balance at December 31, 2014 $ (246 ) $ (503 ) $ (749 ) Other comprehensive income before reclassifications: Foreign currency translation adjustments (241 ) (241 ) Pensions and other postretirement benefits: Actuarial net loss arising in the year (18 ) (18 ) Deferred taxes 10 10 Amounts reclassified from accumulated other comprehensive loss: Amortization of net actuarial loss 16 16 Amortization of prior service credit (10 ) (10 ) Curtailment (18 ) (18 ) Deferred taxes 5 5 Balance at December 31, 2015 (261 ) (744 ) (1,005 ) Other comprehensive income before reclassifications: Foreign currency translation adjustments (5 ) (5 ) Pensions and other postretirement benefits: Actuarial net loss arising in the year (23 ) (23 ) Amounts reclassified from accumulated other comprehensive loss: Amortization of net actuarial loss 17 17 Amortization of prior service credit (9 ) (9 ) Curtailment (9 ) (9 ) Deferred taxes 1 1 Balance at December 31, 2016 $ (284 ) $ (749 ) $ (1,033 )

Quarterly Data (Unaudited) (Tab

Quarterly Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Data [Abstract]
Quarterly Data (Unaudited)	First Quarter Second Quarter Third Quarter Fourth Quarter Total Year 2016 Revenue $ 2,670 $ 2,408 $ 2,353 $ 2,410 $ 9,841 Gross profit (1) (90 ) (803 ) 203 174 (516 ) Impairment and restructuring charges (2) 160 1,126 304 145 1,735 Goodwill impairment (3) — 1,841 17 — 1,858 Merger termination fee (4) — (3,500 ) — — (3,500 ) Net loss attributable to Baker Hughes (981 ) (911 ) (429 ) (417 ) (2,738 ) Basic and diluted loss per share attributable to Baker Hughes (2.22 ) (2.08 ) (1.00 ) (0.98 ) (6.31 ) Dividends per share 0.17 0.17 0.17 0.17 0.68 Common stock market prices: High 47.44 49.52 52.70 66.89 Low 38.88 39.36 43.54 49.96 2015 Revenue $ 4,594 $ 3,968 $ 3,786 $ 3,394 $ 15,742 Gross profit (1) 114 266 301 180 861 Impairment and restructuring charges (2) 573 76 98 1,246 1,993 Net loss attributable to Baker Hughes (589 ) (188 ) (159 ) (1,031 ) (1,967 ) Basic and diluted loss per share attributable to Baker Hughes (1.35 ) (0.43 ) (0.36 ) (2.35 ) (4.49 ) Dividends per share 0.17 0.17 0.17 0.17 0.68 Common stock market prices: High 65.04 69.13 61.13 57.33 Low 53.53 61.11 45.76 43.36 (1) Represents revenue less cost of sales, cost of services and research and engineering. (2) Impairment and restructuring charges associated with asset impairments, workforce reductions, facility closures and contract terminations recorded during 2015 and 2016. See Note 4. "Impairment and Restructuring Charges" for further discussion. (3) Goodwill impairment recognized in the second and third quarters of 2016. See Note 12. "Goodwill and Intangible Assets" for further discussion. (4) Merger termination fee received from Halliburton. See Note 2. "Halliburton Terminated Merger Agreement" for further discussion.

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Accounting Policies [Abstract]
Research and engineering expenses	$ 271	$ 330	$ 430
Provision for doubtful accounts	$ 188	193	$ 102
Number of reportable segments | segment	5
Foreign currency forward
Derivative [Line Items]
Settlement period	180 days
Notional amount	$ 271	499
Recorded gains (losses)	$ 1	$ (1)

Halliburton Terminated Merger41

Halliburton Terminated Merger Agreement (Details) - USD ($) $ in Millions	May 04, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Merger termination fee	$ 3,500	$ 0	$ 0	$ 3,500	$ 0	$ 3,500	$ 0	$ 0
Merger and related costs						199	295	$ 0
Merger Agreement
Business Acquisition [Line Items]
Merger and related costs						$ 180	$ 295

General Electric Transaction 42

General Electric Transaction Agreement (Details)

3 Months Ended

11 Months Ended

12 Months Ended

Dec. 31, 2016USD ($)$ / shares

Sep. 30, 2016$ / shares

Jun. 30, 2016$ / shares

Mar. 31, 2016$ / shares

Dec. 31, 2015$ / shares

Sep. 30, 2015$ / shares

Jun. 30, 2015$ / shares

Mar. 31, 2015$ / shares

Dec. 31, 2017USD ($)$ / shares

Dec. 31, 2016USD ($)$ / shares

Dec. 31, 2015USD ($)$ / shares

Dec. 31, 2014USD ($)

Business Acquisition [Line Items]

Common stock par value (USD per share) | $ / shares

$ 1

$ 1

$ 1

$ 1

Dividends per share (USD per share) | $ / shares

$ 0.17

$ 0.17

$ 0.17

$ 0.17

$ 0.17

$ 0.17

$ 0.17

$ 0.17

$ 0.68

$ 0.68

Merger and related costs

$ 199,000,000

$ 295,000,000

$ 0

Transaction Agreement | Baker Hughes

Business Acquisition [Line Items]

Merger and related costs

$ 19,000,000

Transaction Agreement | Forecast | Newco | Class A

Business Acquisition [Line Items]

Entity shares issued per acquiree share

1

Common stock par value (USD per share) | $ / shares

$ 0.0001

Membership interest (percent)

37.50%

Exchange stock basis

1

Dividends per share (USD per share) | $ / shares

$ 17.50

Transaction Agreement | Forecast | GE

Business Acquisition [Line Items]

Payments to acquire membership interest

$ 7,400,000,000

Revenue divestiture agreement, revenue threshold limit

200,000,000

Certain expenses to be reimbursed

40,000,000

Contingent merger termination fee paid by acquirer

$ 1,300,000,000

Transaction Agreement | Forecast | GE | Class A

Business Acquisition [Line Items]

Membership interest (percent)

62.50%

Transaction Agreement | Forecast | GE | Class B

Business Acquisition [Line Items]

Common stock par value (USD per share) | $ / shares

$ 0.0001

Membership interest (percent)

62.50%

Percentage of common stock acquired (percent)

100.00%

Transaction Agreement | Forecast | Baker Hughes

Business Acquisition [Line Items]

Vesting period for officer or employee terminated (in years)

1 year

Contingent merger termination fee paid by acquiree

$ 750,000,000

Certain expenses to be reimbursed

$ 40,000,000

Alternative transaction reimbursement period (in years)

12 months

Transaction Agreement | Forecast | Baker Hughes | Class A

Business Acquisition [Line Items]

Membership interest (percent)

37.50%

Percentage of common stock acquired (percent)

100.00%

Impairment and Restructuring 43

Impairment and Restructuring Charges - Textual Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)Employee	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 1,168	$ 830
Impairment of property, plant, and equipment	1,160	1,320
Inventory write-down and disposal cost	617
Inventory disposal costs	34
Inventory write-down	583	194	$ 0
Combined long-lived and intangible asset impairment charges	567	1,160
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	204
Inventory write-down		37
Cost of Services
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	$ 413
Inventory write-down		157
Workforce reductions
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated | Employee	26,200
Severance costs	$ 272	436
Benefit plan curtailment gains	9	10
Restructuring payments	289	365
Contract terminations
Restructuring Cost and Reserve [Line Items]
Restructuring payments	130	81
Other restructuring costs	192	121
Prepayments write-off		14
Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	214	82
Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	490	191
North America
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	230
Combined long-lived and intangible asset impairment charges	$ 169
Weighted average cost of capital (percent)	10.00%
North America | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	$ 145
North America | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	203
Latin America
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	84
Combined long-lived and intangible asset impairment charges	$ 71
Weighted average cost of capital (percent)	16.00%
Latin America | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	$ 18
Latin America | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	80
Europe/ Africa/ Russia Caspian
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	143
Combined long-lived and intangible asset impairment charges	128
Europe/ Africa/ Russia Caspian | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	41
Europe/ Africa/ Russia Caspian | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	88
Middle East/ Asia Pacific
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	117
Combined long-lived and intangible asset impairment charges	183
Middle East/ Asia Pacific | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	9
Middle East/ Asia Pacific | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	85
Industrial Services
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	43
Combined long-lived and intangible asset impairment charges	$ 16
Weighted average cost of capital (percent)	10.00%
Industrial Services | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	$ 1
Industrial Services | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	34
Machinery, equipment and other
Restructuring Cost and Reserve [Line Items]
Carrying amount of impaired long-live assets	1,337	1,640
Impairment of property, plant, and equipment	453	1,050
Machinery, equipment and other | North America
Restructuring Cost and Reserve [Line Items]
Carrying amount of impaired long-live assets	241
Impairment of property, plant, and equipment	84
Machinery, equipment and other | Latin America
Restructuring Cost and Reserve [Line Items]
Carrying amount of impaired long-live assets	245
Impairment of property, plant, and equipment	66
Machinery, equipment and other | Europe/ Africa/ Russia Caspian
Restructuring Cost and Reserve [Line Items]
Carrying amount of impaired long-live assets	222
Impairment of property, plant, and equipment	124
Machinery, equipment and other | Middle East/ Asia Pacific
Restructuring Cost and Reserve [Line Items]
Carrying amount of impaired long-live assets	433
Impairment of property, plant, and equipment	166
Machinery, equipment and other | Industrial Services
Restructuring Cost and Reserve [Line Items]
Carrying amount of impaired long-live assets	196
Impairment of property, plant, and equipment	13
Intangible Assets
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets	243
Impaired intangible assets	114	116
Intangible Assets | North America
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets	125
Impaired intangible assets	85
Intangible Assets | Latin America
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets	17
Impaired intangible assets	5
Intangible Assets | Europe/ Africa/ Russia Caspian
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets	8
Impaired intangible assets	4
Intangible Assets | Middle East/ Asia Pacific
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets	49
Impaired intangible assets	17
Intangible Assets | Industrial Services
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets	44
Impaired intangible assets	$ 3
Customer Relationships and Trade Names
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets		$ 178

Impairment and Restructuring 44

Impairment and Restructuring Charges - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]
Impaired machinery and equipment	$ 1,160	$ 1,320
Combined long-lived and intangible asset impairment charges	$ 567	$ 1,160
Europe
Restructuring Cost and Reserve [Line Items]
Weighted average cost of capital (percent)	10.50%
Africa
Restructuring Cost and Reserve [Line Items]
Weighted average cost of capital (percent)	19.50%
Russia/Caspian
Restructuring Cost and Reserve [Line Items]
Weighted average cost of capital (percent)	15.00%
Middle East
Restructuring Cost and Reserve [Line Items]
Weighted average cost of capital (percent)	14.00%
Asia Pacific
Restructuring Cost and Reserve [Line Items]
Weighted average cost of capital (percent)	13.50%
North America
Restructuring Cost and Reserve [Line Items]
Weighted average cost of capital (percent)		9.80%
Intangible Assets
Restructuring Cost and Reserve [Line Items]
Impaired intangible assets	$ 114	$ 116
Carrying amount of intangible finite-lived assets	243
Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impaired machinery and equipment	453	1,050
Carrying amount of impaired long-live assets	1,337	$ 1,640
North America
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	$ 169
Weighted average cost of capital (percent)	10.00%
North America | Intangible Assets
Restructuring Cost and Reserve [Line Items]
Impaired intangible assets	$ 85
Carrying amount of intangible finite-lived assets	125
North America | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impaired machinery and equipment	84
Carrying amount of impaired long-live assets	241
Latin America
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	$ 71
Weighted average cost of capital (percent)	16.00%
Latin America | Intangible Assets
Restructuring Cost and Reserve [Line Items]
Impaired intangible assets	$ 5
Carrying amount of intangible finite-lived assets	17
Latin America | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impaired machinery and equipment	66
Carrying amount of impaired long-live assets	245
Europe/ Africa/ Russia Caspian
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	128
Europe/ Africa/ Russia Caspian | Intangible Assets
Restructuring Cost and Reserve [Line Items]
Impaired intangible assets	4
Carrying amount of intangible finite-lived assets	8
Europe/ Africa/ Russia Caspian | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impaired machinery and equipment	124
Carrying amount of impaired long-live assets	222
Middle East/ Asia Pacific
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	183
Middle East/ Asia Pacific | Intangible Assets
Restructuring Cost and Reserve [Line Items]
Impaired intangible assets	17
Carrying amount of intangible finite-lived assets	49
Middle East/ Asia Pacific | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impaired machinery and equipment	166
Carrying amount of impaired long-live assets	433
Industrial Services
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	$ 16
Weighted average cost of capital (percent)	10.00%
Industrial Services | Intangible Assets
Restructuring Cost and Reserve [Line Items]
Impaired intangible assets	$ 3
Carrying amount of intangible finite-lived assets	44
Industrial Services | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impaired machinery and equipment	13
Carrying amount of impaired long-live assets	$ 196

Impairment and Restructuring 45

Impairment and Restructuring Charges - Schedule of Restructuring Charges (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)Employee	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	$ 1,160	$ 1,320
Restructuring costs	1,168	830
Combined long-lived and intangible asset impairment charges	567	1,160
Inventory disposal costs	34
Inventory write-down and disposal cost	617
Inventory write-down	583	194	$ 0
Workforce reductions
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 272	436
Number of positions eliminated | Employee	26,200
Benefit plan curtailment gains	$ 9	10
Restructuring payments	289	365
Contract terminations
Restructuring Cost and Reserve [Line Items]
Other restructuring costs	192	121
Restructuring payments	130	81
Prepayments write-off		14
Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	214	82
Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	490	191
Customer Relationships and Trade Names
Restructuring Cost and Reserve [Line Items]
Carrying amount of intangible finite-lived assets		178
Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	453	1,050
Carrying amount of impaired long-live assets	1,337	1,640
Europe/ Africa/ Russia Caspian
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	128
Inventory write-down and disposal cost	143
Europe/ Africa/ Russia Caspian | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	41
Europe/ Africa/ Russia Caspian | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	88
Europe/ Africa/ Russia Caspian | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	124
Carrying amount of impaired long-live assets	222
Industrial Services
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	16
Inventory write-down and disposal cost	43
Industrial Services | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	1
Industrial Services | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	34
Industrial Services | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	13
Carrying amount of impaired long-live assets	196
Middle East/ Asia Pacific
Restructuring Cost and Reserve [Line Items]
Combined long-lived and intangible asset impairment charges	183
Inventory write-down and disposal cost	117
Middle East/ Asia Pacific | Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	9
Middle East/ Asia Pacific | Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	85
Middle East/ Asia Pacific | Machinery, Equipment and Other
Restructuring Cost and Reserve [Line Items]
Impairment of property, plant, and equipment	166
Carrying amount of impaired long-live assets	433
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	204
Inventory write-down		37
Cost of Services
Restructuring Cost and Reserve [Line Items]
Inventory write-down and disposal cost	$ 413
Inventory write-down		$ 157

Acquisitions And Dispositions -

Acquisitions And Dispositions - Acquisitions (Details) - Weatherford International Ltd. (PSS) $ in Millions	1 Months Ended
	Sep. 30, 2014USD ($)
Business Acquisition [Line Items]
Consideration transferred	$ 248
Goodwill acquired	73
Intangible assets acquired	$ 37

Acquisitions And Dispositions47

Acquisitions And Dispositions - Dispositions (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Allocated goodwill to the contributed business		$ 139
Net proceeds from sale of business interest		$ 142	$ 0	$ 0
BJ Services
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership interest	46.70%	46.70%
Equity method investment	$ 416	$ 416
North American onshore cementing and hydraulic fracturing business | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net book value of assets contributed	516	516
Allocated goodwill to the contributed business	139
Net proceeds from sale of business interest	142
Direct transaction fees	$ 8
Loss on deconsolidation of business		97
Revenue from operations		231	1,270	4,300
Operating profit (loss) before tax		$ (251)	$ (559)	$ 279

Segment Information - Schedule

Segment Information - Schedule of Summarized Financial Information for Revenue and Profit Before Tax (Details) - USD ($)	May 04, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenue		$ 2,410,000,000	$ 2,353,000,000	$ 2,408,000,000	$ 2,670,000,000	$ 3,394,000,000	$ 3,786,000,000	$ 3,968,000,000	$ 4,594,000,000	$ 9,841,000,000	$ 15,742,000,000	$ 24,551,000,000
Operating Profit (Loss) Before Tax										(2,040,000,000)	(2,613,000,000)	2,627,000,000
Loss on sale of business interest										(97,000,000)	0	0
Loss on early extinguishment of debt										142,000,000	0	0
Interest expense, net										(178,000,000)	(217,000,000)	(232,000,000)
Impairment and restructuring charges		(145,000,000)	(304,000,000)	(1,126,000,000)	(160,000,000)	$ (1,246,000,000)	$ (98,000,000)	$ (76,000,000)	$ (573,000,000)	(1,735,000,000)	(1,993,000,000)	0
Goodwill impairment		0	(17,000,000)	(1,841,000,000)	0					(1,858,000,000)	0	0
Merger and related costs										(199,000,000)	(295,000,000)	0
Merger termination fee	$ 3,500,000,000	$ 0	$ 0	$ 3,500,000,000	$ 0					3,500,000,000	0	0
North America
Segment Reporting Information [Line Items]
Revenue										2,936,000,000	6,009,000,000	12,078,000,000
Goodwill impairment										(1,549,000,000)
Latin America
Segment Reporting Information [Line Items]
Revenue										980,000,000	1,799,000,000	2,236,000,000
Goodwill impairment										0
Europe/ Africa/ Russia Caspian
Segment Reporting Information [Line Items]
Revenue										2,201,000,000	3,278,000,000	4,417,000,000
Goodwill impairment										0
Middle East/ Asia Pacific
Segment Reporting Information [Line Items]
Revenue										2,705,000,000	3,441,000,000	4,456,000,000
Goodwill impairment										0
Industrial Services
Segment Reporting Information [Line Items]
Revenue										1,019,000,000	1,215,000,000	1,364,000,000
Goodwill impairment										(309,000,000)
Operating Segments
Segment Reporting Information [Line Items]
Operating Profit (Loss) Before Tax										(1,173,000,000)	25,000,000	3,171,000,000
Operating Segments | North America
Segment Reporting Information [Line Items]
Operating Profit (Loss) Before Tax										(687,000,000)	(639,000,000)	1,466,000,000
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Operating Profit (Loss) Before Tax										(276,000,000)	144,000,000	290,000,000
Operating Segments | Europe/ Africa/ Russia Caspian
Segment Reporting Information [Line Items]
Operating Profit (Loss) Before Tax										(273,000,000)	183,000,000	621,000,000
Operating Segments | Middle East/ Asia Pacific
Segment Reporting Information [Line Items]
Operating Profit (Loss) Before Tax										69,000,000	229,000,000	675,000,000
Operating Segments | Industrial Services
Segment Reporting Information [Line Items]
Operating Profit (Loss) Before Tax										(6,000,000)	108,000,000	119,000,000
Corporate
Segment Reporting Information [Line Items]
Operating Profit (Loss) Before Tax										(158,000,000)	(133,000,000)	(312,000,000)
Shared assets
Segment Reporting Information [Line Items]
Loss on sale of business interest										(97,000,000)	0	0
Loss on early extinguishment of debt										142,000,000	0	0
Interest expense, net										(178,000,000)	(217,000,000)	(232,000,000)
Impairment and restructuring charges										(1,735,000,000)	(1,993,000,000)	0
Goodwill impairment										(1,858,000,000)	0	0
Merger and related costs										(199,000,000)	(295,000,000)	0
Merger termination fee										$ 3,500,000,000	$ 0	$ 0

Segment Information - Schedul49

Segment Information - Schedule of Summarized Financial Information for Assets (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information
Assets	$ 19,034	$ 24,080	$ 28,827
Operating Segments | North America
Segment Reporting Information
Assets	3,049	6,599	9,782
Operating Segments | Latin America
Segment Reporting Information
Assets	1,530	2,323	2,508
Operating Segments | Europe/ Africa/ Russia Caspian
Segment Reporting Information
Assets	2,446	3,077	4,106
Operating Segments | Middle East/ Asia Pacific
Segment Reporting Information
Assets	2,746	3,441	4,029
Operating Segments | Industrial Services
Segment Reporting Information
Assets	631	1,106	1,260
Shared assets
Segment Reporting Information
Assets	5,129	5,613	5,423
Total Operations
Segment Reporting Information
Assets	15,531	22,159	27,108
Corporate
Segment Reporting Information
Assets	$ 3,503	$ 1,921	$ 1,719

Segment Information - Schedul50

Segment Information - Schedule of Summarized Financial Information for CAPEX and DD&A (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information
Capital Expenditures	$ 332	$ 965	$ 1,791
Depreciation and Amortization	1,166	1,742	1,814
Operating Segments | North America
Segment Reporting Information
Capital Expenditures	75	228	465
Depreciation and Amortization	356	714	842
Operating Segments | Latin America
Segment Reporting Information
Capital Expenditures	35	103	171
Depreciation and Amortization	160	213	220
Operating Segments | Europe/ Africa/ Russia Caspian
Segment Reporting Information
Capital Expenditures	122	175	373
Depreciation and Amortization	268	378	351
Operating Segments | Middle East/ Asia Pacific
Segment Reporting Information
Capital Expenditures	83	247	385
Depreciation and Amortization	300	344	321
Operating Segments | Industrial Services
Segment Reporting Information
Capital Expenditures	7	21	46
Depreciation and Amortization	77	87	70
Shared assets
Segment Reporting Information
Capital Expenditures	9	188	342
Depreciation and Amortization	0	0	0
Total Operations
Segment Reporting Information
Capital Expenditures	331	962	1,782
Depreciation and Amortization	1,161	1,736	1,804
Corporate
Segment Reporting Information
Capital Expenditures	1	3	9
Depreciation and Amortization	$ 5	$ 6	$ 10

Segment Information - Schedul51

Segment Information - Schedule of Revenue and Net PP&E by Geographic Location (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue from geographic segments
Revenue	$ 2,410	$ 2,353	$ 2,408	$ 2,670	$ 3,394	$ 3,786	$ 3,968	$ 4,594	$ 9,841	$ 15,742	$ 24,551
Net Property, Plant and Equipment	4,271				6,693				4,271	6,693	9,063
U.S.
Revenue from geographic segments
Revenue									2,875	5,800	11,499
Net Property, Plant and Equipment	1,792				2,989				1,792	2,989	4,417
Canada and other
Revenue from geographic segments
Revenue									598	839	1,336
Net Property, Plant and Equipment	148				260				148	260	482
North America
Revenue from geographic segments
Revenue									3,473	6,639	12,835
Net Property, Plant and Equipment	1,940				3,249				1,940	3,249	4,899
Latin America
Revenue from geographic segments
Revenue									1,006	1,847	2,300
Net Property, Plant and Equipment	466				716				466	716	890
Europe/ Africa/ Russia Caspian
Revenue from geographic segments
Revenue									2,457	3,555	4,705
Net Property, Plant and Equipment	984				1,400				984	1,400	1,805
Middle East/ Asia Pacific
Revenue from geographic segments
Revenue									2,905	3,701	4,711
Net Property, Plant and Equipment	$ 881				$ 1,328				$ 881	$ 1,328	$ 1,469

Segment Information - Schedul52

Segment Information - Schedule of Revenue by Similar Products and Services (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information
Revenue	$ 2,410	$ 2,353	$ 2,408	$ 2,670	$ 3,394	$ 3,786	$ 3,968	$ 4,594	$ 9,841	$ 15,742	$ 24,551
Completion and Production
Segment Reporting Information
Revenue									5,681	8,831	14,572
Drilling and Evaluation
Segment Reporting Information
Revenue									3,141	5,696	8,615
Industrial Services
Segment Reporting Information
Revenue									$ 1,019	$ 1,215	$ 1,364

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of Stock-based Compensation Costs, Tax Benefit, and Net Balance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation cost	$ 125	$ 120	$ 122
Tax benefit	(33)	(28)	(26)
Stock-based compensation cost, net of tax	$ 92	$ 92	$ 96

Stock-based Compensation - Text

Stock-based Compensation - Textual Information (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2016USD ($)installment$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / shares
Stock-Based Compensation
Employee service share-based compensation, allocation of recognized period costs, capitalized amount		$ 0
Shares authorized for issuance (in shares) | shares		60,700,000
Shares available for issuance (in shares) | shares		16,900,000
Stock Options
Number of annual installment payments outstanding | installment		3
Option expiration from date of grant (in years)		10 years
Weighted average remaining term of options outstanding (in years)		3 years 9 months 7 days
Weighted average remaining term of options exercisable (in years)		3 years 7 months 28 days
Intrinsic value of options exercised		$ 11,000,000	$ 15,000,000	$ 70,000,000
Tax benefit from stock options exercised		1,000,000	3,800,000	19,600,000
Fair value of options vested in period		13,000,000	$ 24,000,000	$ 29,000,000
Intrinsic value of stock options outstanding		97,000,000
Intrinsic value of stock options vested and exercisable		$ 96,000,000
Quoted price of common stock to calculate intrinsic value of stock options (USD per share) | $ / shares		$ 64.97
Employee Stock Purchase Plan
Percentage discount on fair market value of common stock under employee stock purchase plan (as a percentage)		15.00%
Shares authorized for issuance (in shares) | shares		60,700,000
Shares available for issuance (in shares) | shares		16,900,000
Stock Options
Stock Options
Options granted (in shares) | shares		0	0
Unrecognized compensation cost as of balance sheet date		$ 1,000,000
Restricted Stock Awards and Units
Unrecognized compensation cost as of balance sheet date		$ 1,000,000
Weighted average period of unrecognized compensation cost expected to recognize (in years)		6 months
Restricted Stock Units
Stock Options
Unrecognized compensation cost as of balance sheet date		$ 110,000,000
Restricted Stock Awards and Units
Granted (USD per share) | $ / shares		$ 40.56	$ 57.37	$ 69.67
Total fair value of RSA and RSU vested		$ 100,000,000	$ 72,000,000	$ 60,000,000
Unrecognized compensation cost as of balance sheet date		$ 110,000,000
Weighted average period of unrecognized compensation cost expected to recognize (in years)		2 years
Restricted Stock Units | Maximum
Restricted Stock Awards and Units
Vesting period of restricted awards/units (in years)		3 years
Employee Stock Purchase Plan
Vesting period of employee contributions (in years)		3 years
Restricted Stock Units | Minimum
Restricted Stock Awards and Units
Vesting period of restricted awards/units (in years)		1 year
Employee Stock Purchase Plan
Vesting period of employee contributions (in years)		1 year
Employee Stock Purchase Plan
Stock-Based Compensation
Shares authorized for issuance (in shares) | shares		30,500,000
Shares available for issuance (in shares) | shares		2,700,000
Restricted Stock Awards and Units
Vesting period of restricted awards/units (in years)		6 months
Employee Stock Purchase Plan
Minimum employee subscription rate for employee stock purchase plan (as a percentage)		1.00%
Maximum employee subscription rate for employee stock purchase plan (as a percentage)		10.00%
Percentage discount on fair market value of common stock under employee stock purchase plan (as a percentage)	15.00%	15.00%
Vesting period of employee contributions (in years)		6 months
Shares authorized for issuance (in shares) | shares		30,500,000
Shares available for issuance (in shares) | shares		2,700,000
Employee Stock Purchase Plan | June 30 of each year
Employee Stock Purchase Plan
Maximum amount contributable by employees under ESPP		$ 5,000
Employee Stock Purchase Plan | December 31 of each year
Employee Stock Purchase Plan
Maximum amount contributable by employees under ESPP		$ 10,000

Stock-based Compensation - Sc55

Stock-based Compensation - Schedule of Black-Scholes Option Pricing Assumptions (Details) - Stock Options	12 Months Ended
	Dec. 31, 2014$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	4 years 7 months
Risk-free interest rate (as a percentage)	1.50%
Volatility (as a percentage)	31.90%
Dividend yield (as a percentage)	1.00%
Weighted average fair value per share at grant date (USD per share)	$ 16.81

Stock-based Compensation - Sc56

Stock-based Compensation - Schedule of Stock Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2016installment$ / sharesshares	Dec. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of annual installment payments outstanding | installment	3
Stock Options
Number of Options
Beginning balance (in shares) | shares	8,602,000
Granted (in shares) | shares	0	0
Exercised (in shares) | shares	(765,000)
Forfeited (in shares) | shares	(78,000)
Expired (in shares) | shares	(522,000)
Ending balance (in shares) | shares	7,237,000	8,602,000
Weighted Average Exercise Price Per Option
Beginning balance (USD per share) | $ / shares	$ 54.56
Granted (USD per share) | $ / shares	0
Exercised (USD per share) | $ / shares	44.04
Forfeited (USD per share) | $ / shares	60.35
Expired (USD per share) | $ / shares	75.55
Ending balance (USD per share) | $ / shares	$ 54.09	$ 54.56
Stock Option Activity, Additional Disclosures
Number of options exercisable at the end of the period (in shares) | shares	6,993,000
Weighted average exercise price per option exercisable at the end of period (USD per share) | $ / shares	$ 53.76

Stock-based Compensation - Sc57

Stock-based Compensation - Schedule of Restricted Stock Awards and Units Outstanding (Details) - Restricted Stock Units - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of Awards and Units
Beginning balance (in shares)	3,356
Granted (in shares)	3,313
Vested (in shares)	(1,809)
Forfeited (in shares)	(809)
Ending balance (in shares)	4,051	3,356
Weighted Average Grant Date Fair Value Per Award/Unit
Unvested at beginning of period (USD per share)	$ 58.99
Granted (USD per share)	40.56	$ 57.37	$ 69.67
Vested (USD per share)	55.50
Forfeited (USD per share)	49.73
Unvested at end of period (USD per share)	$ 47.33	$ 58.99

Stock-based Compensation - Sc58

Stock-based Compensation - Schedule of Employee Stock Purchase Plan Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	6 months	6 months	6 months
Risk-free interest rate (as a percentage)	0.50%	0.10%	0.03%
Volatility (as a percentage)	46.20%	30.90%	24.70%
Dividend yield (as a percentage)	1.50%	1.20%	1.00%
Percentage discount on fair market value of common stock under employee stock purchase plan (USD per share)	$ 6.85	$ 8.79	$ 9.72
Fair value per share of the look-back provision (USD per share)	5.86	4.97	4.39
Total weighted average fair value per share at grant date (USD per share)	$ 12.71	$ 13.76	$ 14.11
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)			4 years 7 months
Risk-free interest rate (as a percentage)			1.50%
Volatility (as a percentage)			31.90%
Dividend yield (as a percentage)			1.00%

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
U.S.	$ 139	$ (55)	$ 365
Foreign	208	225	601
Total current	347	170	966
Deferred:
U.S.	269	(762)	(52)
Foreign	80	(47)	(18)
Total deferred	349	(809)	(70)
Provision (benefit) for income taxes	$ 696	$ (639)	$ 896

Income Taxes - Schedule of Geog

Income Taxes - Schedule of Geographic Sources of Income before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
U.S.	$ (347)	$ (2,288)	$ 920
Foreign	(1,693)	(325)	1,707
(Loss) income before income taxes	$ (2,040)	$ (2,613)	$ 2,627

Income Taxes - Schedule of Diff

Income Taxes - Schedule of Difference between Provision and U.S. Statutory Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
U.S. statutory income tax rate	35.00%	35.00%	35.00%
Effect of foreign operations	1.30%	(1.50%)	(5.30%)
Change in valuation allowances	(39.20%)	(7.30%)	4.00%
Adjustments of prior years' tax positions	(3.80%)	(1.50%)	1.20%
Goodwill impairment	(27.60%)	0.00%	0.00%
State income taxes - net of U.S. tax benefit	1.20%	1.40%	0.90%
Other - net	(1.00%)	(1.60%)	(1.70%)
Total effective tax rate	(34.10%)	24.50%	34.10%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Receivables	$ 184	$ 84
Inventory	196	253
Property	261	0
Employee benefits	128	143
Other accrued expenses	125	141
Operating loss carryforwards	1,111	1,153
Tax credit carryforwards	214	458
Other	52	112
Subtotal	2,271	2,344
Valuation allowances	(2,010)	(1,210)
Total	261	1,134
Deferred tax liabilities:
Goodwill and other intangibles	133	272
Property	0	47
Undistributed earnings of foreign subsidiaries	27	21
Other	6	35
Total	166	375
Net deferred tax asset	$ 95	$ 759

Income Taxes - Textual Informat

Income Taxes - Textual Information (Details) $ in Millions	May 04, 2016USD ($)	Dec. 31, 2016USD ($)country	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)country	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Total Gross Unrecognized Tax Benefits
Decrease in tax carryforward						$ 244
Merger termination fee	$ 3,500	$ 0	$ 0	$ 3,500	$ 0	3,500	$ 0	$ 0
Operating loss carryforwards		1,110				1,110
Valuation allowances		2,010				2,010	1,210
Deferred tax assets, operating loss carryforwards, foreign		76				76
Deferred tax liability not provided for temporary difference		4,500				4,500
Tax liabilities for gross unrecognized tax benefits		351				351	$ 312	$ 291	$ 282
Interest accrued on income taxes for unrecognized tax benefits		48				48
Penalties accrued on income taxes for unrecognized tax benefits		26				26
Unrecognized tax benefits that would impact effective tax rate		341				341
Deferred tax asset that we did not prevail on all uncertain tax position		10				10
Uncertain tax positions tax liabilities net of assets		214				214
Insignificant change in unrecognized tax benefits is reasonably possible, amount related to tax assets		2				2
Unrecognized tax benefits included in noncurrent portion of income tax liabilities		$ 135				$ 135
Number of countries in which entity operates (more than) | country		80				80
Indefinite Foreign Tax
Total Gross Unrecognized Tax Benefits
Deferred tax assets, tax credit carryforwards, foreign		$ 127				$ 127
Definite Foreign Tax
Total Gross Unrecognized Tax Benefits
Deferred tax assets, tax credit carryforwards, foreign		59				59
Other Tax
Total Gross Unrecognized Tax Benefits
Deferred tax assets, tax credit carryforwards		28				28
Five year carryforward
Total Gross Unrecognized Tax Benefits
Operating loss carryforwards		435				$ 435
Expiration of operation loss carryforwards over the next 5 years						5 years
Twenty year carryforward
Total Gross Unrecognized Tax Benefits
Operating loss carryforwards		142				$ 142
Expiration of operation loss carryforwards over the next 20 years						20 years
Foreign Net Operating Loss
Total Gross Unrecognized Tax Benefits
Valuation allowances		1,010				$ 1,010
US And Foreign Tax Credit Carryforward
Total Gross Unrecognized Tax Benefits
Valuation allowances		186				186
Other United States Net Operating Loss Tax Credit Carryforward
Total Gross Unrecognized Tax Benefits
Valuation allowances		55				55
Other US And Foreign Deferred Tax Assets
Total Gross Unrecognized Tax Benefits
Valuation allowances		$ 761				$ 761

Income Taxes - Schedule of Gros

Income Taxes - Schedule of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at beginning of period	$ 312	$ 291	$ 282
Decrease in prior year tax positions			(6)
Increase in prior year tax positions	62	34
Increase in current year tax positions	18	27	41
Decrease related to settlements with taxing authorities	(10)	(10)	(6)
Decrease related to lapse of statute of limitations	(16)	(18)	(9)
Decrease due to effects of foreign currency translation	(15)	(12)	(11)
Unrecognized tax benefits at end of period	351	312	291
Gross Unrecognized Tax Benefits, Excluding Interest and Penalties
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at beginning of period	260	242	228
Decrease in prior year tax positions			(7)
Increase in prior year tax positions	28	19
Increase in current year tax positions	17	26	39
Decrease related to settlements with taxing authorities	(9)	(8)	(5)
Decrease related to lapse of statute of limitations	(8)	(11)	(6)
Decrease due to effects of foreign currency translation	(11)	(8)	(7)
Unrecognized tax benefits at end of period	277	260	242
Interest and Penalties
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at beginning of period	52	49	54
Increase in prior year tax positions	34	15	1
Increase in current year tax positions	1	1	2
Decrease related to settlements with taxing authorities	(1)	(2)	(1)
Decrease related to lapse of statute of limitations	(8)	(7)	(3)
Decrease due to effects of foreign currency translation	(4)	(4)	(4)
Unrecognized tax benefits at end of period	$ 74	$ 52	$ 49

Income Taxes - Schedule of Earl

Income Taxes - Schedule of Earliest Examination by Major Jurisdiction (Details)	12 Months Ended
	Dec. 31, 2016
Argentina
Income tax examination
Earliest Open Tax Period	2,009
Ecuador
Income tax examination
Earliest Open Tax Period	2,005
Netherlands
Income tax examination
Earliest Open Tax Period	2,010
Norway
Income tax examination
Earliest Open Tax Period	2,006
Saudi Arabia
Income tax examination
Earliest Open Tax Period	2,004
U.S.
Income tax examination
Earliest Open Tax Period	2,010

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Weighted average common shares outstanding for basic EPS	434	438	437
Effect of dilutive securities - stock plans	0	0	2
Adjusted weighted average common shares outstanding for diluted EPS	434	438	439
Anti-dilutive shares excluded from diluted EPS
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted EPS	1	2	0
Future potentially dilutive shares excluded from diluted EPS
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted EPS	3	3	2

Inventories - Schedule of the C

Inventories - Schedule of the Components of Inventory, net of Reserves (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished goods	$ 1,607	$ 2,649
Work in process	105	132
Raw materials	97	136
Total inventories	$ 1,809	$ 2,917

Inventories - Textual Informati

Inventories - Textual Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Inventory reserves	$ 188	$ 278
Inventory write-down	583	$ 194	$ 0
Existing reserves on inventory write off	272
Inventory disposal costs	$ 34

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment by Component (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment
Subtotal	$ 10,838	$ 14,071
Less: Accumulated depreciation	6,567	7,378
Total property, plant and equipment	4,271	6,693	$ 9,063
Land
Property, Plant and Equipment
Subtotal	211	263
Buildings and improvements
Property, Plant and Equipment
Subtotal	2,146	2,624
Machinery, equipment and other
Property, Plant and Equipment
Subtotal	$ 8,481	$ 11,184
Minimum | Buildings and improvements
Property, Plant and Equipment
Useful Life	5 years
Minimum | Machinery, equipment and other
Property, Plant and Equipment
Useful Life	1 year
Maximum | Buildings and improvements
Property, Plant and Equipment
Useful Life	30 years
Maximum | Machinery, equipment and other
Property, Plant and Equipment
Useful Life	20 years

Property, Plant and Equipment70

Property, Plant and Equipment - Textual Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense related to property, plant and equipment	$ 1,090	$ 1,640	$ 1,710
Impaired machinery and equipment	$ 1,160	$ 1,320

Goodwill and Intangible Asset71

Goodwill and Intangible Assets - Schedule of Carrying Amount of Goodwill by Segment (Details) - USD ($)	3 Months Ended				12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Changes in carrying amount of goodwill
Balance at December 31, 2015				$ 6,070,000,000	$ 6,070,000,000
Impairments	$ 0	$ (17,000,000)	$ (1,841,000,000)	0	(1,858,000,000)	$ 0	$ 0
Disposition					(139,000,000)
Currency translation adjustments and other					11,000,000
Balance at December 31, 2016	4,084,000,000				4,084,000,000	6,070,000,000
North America
Changes in carrying amount of goodwill
Balance at December 31, 2015				3,097,000,000	3,097,000,000
Impairments					(1,549,000,000)
Disposition					(139,000,000)
Currency translation adjustments and other					6,000,000
Balance at December 31, 2016	1,415,000,000				1,415,000,000	3,097,000,000
Latin America
Changes in carrying amount of goodwill
Balance at December 31, 2015				584,000,000	584,000,000
Impairments					0
Disposition					0
Currency translation adjustments and other					4,000,000
Balance at December 31, 2016	588,000,000				588,000,000	584,000,000
Europe/ Africa/ Russia Caspian
Changes in carrying amount of goodwill
Balance at December 31, 2015				1,068,000,000	1,068,000,000
Impairments					0
Disposition					0
Currency translation adjustments and other					0
Balance at December 31, 2016	1,068,000,000				1,068,000,000	1,068,000,000
Middle East/ Asia Pacific
Changes in carrying amount of goodwill
Balance at December 31, 2015				819,000,000	819,000,000
Impairments					0
Disposition					0
Currency translation adjustments and other					1,000,000
Balance at December 31, 2016	820,000,000				820,000,000	819,000,000
Industrial Services
Changes in carrying amount of goodwill
Balance at December 31, 2015				$ 502,000,000	502,000,000
Impairments					(309,000,000)
Disposition					0
Currency translation adjustments and other					0
Balance at December 31, 2016	$ 193,000,000				$ 193,000,000	$ 502,000,000

Goodwill and Intangible Asset72

Goodwill and Intangible Assets - Textual Information (Details)	3 Months Ended				12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)segmentreporting_unit	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of reportable segments | segment					5
Number of reporting units impaired | reporting_unit					2
Impairments of goodwill	$ 0	$ 17,000,000	$ 1,841,000,000	$ 0	$ 1,858,000,000	$ 0	$ 0
Amortization expense for intangible assets included in net income					$ 76,000,000	104,000,000	$ 107,000,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful lives of intangible assets (in years)					3 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful lives of intangible assets (in years)					30 years
Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Impaired intangible assets					$ 114,000,000	$ 116,000,000

Goodwill and Intangible Asset73

Goodwill and Intangible Assets - Schedule of Intangible Assets by Type (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 708	$ 1,243
Less: Accumulated Amortization	390	660
Net	318	583
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	527	866
Less: Accumulated Amortization	267	452
Net	260	414
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	74	251
Less: Accumulated Amortization	31	106
Net	43	145
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	90	108
Less: Accumulated Amortization	79	89
Net	11	19
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17	18
Less: Accumulated Amortization	13	13
Net	$ 4	$ 5

Goodwill and Intangible Asset74

Goodwill and Intangible Assets - Schedule of Future Estimated Amortization Expense (Details) $ in Millions	Dec. 31, 2016USD ($)
Estimated Amortization Expense
2,017	$ 54
2,018	49
2,019	46
2,020	38
2,021	$ 33

Indebtedness - Schedule of Debt

Indebtedness - Schedule of Debt, Net of Unamortized Discount and Debt Issuance Cost (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument
Total debt	$ 3,018	$ 4,041
Less: short-term debt and current portion of long-term debt	132	151
Total long-term debt	2,886	3,890
6.0% Notes due June 2018
Debt Instrument
Total debt	$ 199	255
Stated interest rate (percent)	6.00%
7.5% Senior Notes due November 2018
Debt Instrument
Total debt	$ 524	747
Stated interest rate (percent)	7.50%
3.2% Senior Notes due August 2021
Debt Instrument
Total debt	$ 511	746
Stated interest rate (percent)	3.20%
8.55% Debentures due June 2024
Debt Instrument
Total debt	$ 112	149
Stated interest rate (percent)	8.55%
6.875% Notes due January 2029
Debt Instrument
Total debt	$ 301	394
Stated interest rate (percent)	6.875%
5.125% Notes due September 2040
Debt Instrument
Total debt	$ 1,132	1,482
Stated interest rate (percent)	5.125%
Other debt
Debt Instrument
Total debt	$ 239	$ 268

Indebtedness - Textual Informat

Indebtedness - Textual Information (Details) - USD ($)	Jun. 13, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jul. 13, 2016	Jun. 30, 2016
Debt Disclosure [Abstract]
Total debt, fair value		$ 3,360,000,000	$ 4,320,000,000
Total debt, carrying value		3,018,000,000	4,041,000,000
Repurchased outstanding debt principal						$ 1,000,000,000
Purchase premium		135,000,000
Loss on early extinguishment of debt		142,000,000	$ 0	$ 0
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 2,500,000,000
Maximum combined borrowing capacity		2,500,000,000
Amount outstanding		0
Available for issuance		$ 2,500,000,000
Maximum maturity of commercial paper issued		270 days
Commercial paper		$ 0
Weighted average interest rate of short-term debt (percent)		12.30%	12.20%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility term	5 years
Maximum borrowing capacity					$ 2,500,000,000

Indebtedness - Maturities of De

Indebtedness - Maturities of Debt Schedule (Details) $ in Millions	Dec. 31, 2016USD ($)
Total debt
2,017	$ 132
2,018	753
2,019	26
2,020	12
2,021	524
Thereafter	$ 1,571

Employee Benefit Plans - Textua

Employee Benefit Plans - Textual Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment	$ (18,000,000)	$ (28,000,000)
Curtailment gain	$ 9,000,000	18,000,000
Health care cost trend rate assumed next fiscal year	6.90%
Retirement age	65 years
Health care cost trend rate	4.50%
Postemployment benefits liability noncurrent	$ 32,000,000	34,000,000
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Future amortization of gain (loss)	(16,000,000)
Future amortization of prior service cost (credit)	800,000
Pension Plan | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated future employer contributions in next fiscal year	55,000,000
Pension Plan | Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated future employer contributions in next fiscal year	60,000,000
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment	(4,000,000)	(2,000,000)
Curtailment gain	7,000,000	17,000,000	$ 0
Future amortization of gain (loss)	0
Future amortization of prior service cost (credit)	8,000,000
U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment	(12,000,000)	(24,000,000)
Curtailment gain	0	0	0
Non-U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment	(2,000,000)	(2,000,000)
Curtailment gain	$ 2,000,000	$ 1,000,000	$ 0

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Benefit Obligation and Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Change in benefit obligation:
Curtailment	$ (18)	$ (28)
U.S. Pension Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	735	728
Service cost	52	64	$ 70
Interest cost	29	26	28
Actuarial loss (gain)	(13)	(4)
Benefits paid	(63)	(59)
Curtailment	(12)	(24)
Other	(2)	4
Foreign currency translation adjustments	0	0
Benefit obligation at end of year	726	735	728
Change in plan assets:
Fair value of plan assets at beginning of year	595	648
Actual return on plan assets	29	(5)
Employer contributions	44	16
Benefits paid	(63)	(59)
Other	(5)	(5)
Foreign currency translation adjustments	0	0
Fair value of plan assets at end of year	600	595	648
Funded status - underfunded at end of year	(126)	(140)
Accumulated benefit obligation	682	681
Non-U.S. Pension Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	798	872
Service cost	14	15	11
Interest cost	27	30	34
Actuarial loss (gain)	165	(23)
Benefits paid	(38)	(35)
Curtailment	(2)	(2)
Other	0	(6)
Foreign currency translation adjustments	(118)	(53)
Benefit obligation at end of year	846	798	872
Change in plan assets:
Fair value of plan assets at beginning of year	713	767
Actual return on plan assets	118	4
Employer contributions	24	28
Benefits paid	(38)	(35)
Other	0	(6)
Foreign currency translation adjustments	(118)	(45)
Fair value of plan assets at end of year	699	713	767
Funded status - underfunded at end of year	(147)	(85)
Accumulated benefit obligation	810	763
Other Postretirement Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	107	122
Service cost	4	5	6
Interest cost	4	4	5
Actuarial loss (gain)	0	(10)
Benefits paid	(14)	(11)
Curtailment	(4)	(2)
Other	0	(1)
Foreign currency translation adjustments	0	0
Benefit obligation at end of year	97	107	122
Change in plan assets:
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	14	11
Benefits paid	(14)	(11)
Other	0	0
Foreign currency translation adjustments	0	0
Fair value of plan assets at end of year	0	0	$ 0
Funded status - underfunded at end of year	(97)	(107)
Accumulated benefit obligation	$ 97	$ 107

Employee Benefit Plans - Sche80

Employee Benefit Plans - Schedule of Amounts Recognized in the Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure
Noncurrent liabilities	$ (626)	$ (646)
U.S. Pension Benefits
Defined Benefit Plan Disclosure
Noncurrent assets	0	0
Current liabilities	(1)	(2)
Noncurrent liabilities	(125)	(138)
Net amount recognized	(126)	(140)
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure
Noncurrent assets	3	51
Current liabilities	(6)	(6)
Noncurrent liabilities	(144)	(130)
Net amount recognized	(147)	(85)
Other Postretirement Benefits
Defined Benefit Plan Disclosure
Noncurrent assets	0	0
Current liabilities	(16)	(16)
Noncurrent liabilities	(81)	(91)
Net amount recognized	$ (97)	$ (107)

Employee Benefit Plans - Sche81

Employee Benefit Plans - Schedule of Information for Plans with ABOs in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Projected benefit obligation	$ 725	$ 735
Accumulated benefit obligation	682	681
Fair value of plan assets	600	595
Non-U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Projected benefit obligation	821	149
Accumulated benefit obligation	786	114
Fair value of plan assets	672	12
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accumulated benefit obligation	$ 97	$ 107

Employee Benefit Plans - Sche82

Employee Benefit Plans - Schedule of Assumptions Used for Benefit Obligation (Details)	Dec. 31, 2016	Dec. 31, 2015
U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	4.00%	4.20%
Rate of compensation increase	5.50%	5.90%
Social security increase	2.80%	2.80%
Non-U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	2.60%	3.70%
Rate of compensation increase	4.20%	4.10%
Social security increase	2.00%	2.20%
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	3.60%	3.70%

Employee Benefit Plans - Sche83

Employee Benefit Plans - Schedule of Reconciliation to Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net actuarial loss	$ 166	$ 191
Net prior service cost (credit)	0	0
Total	166	191
Non-U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net actuarial loss	266	229
Net prior service cost (credit)	0	0
Total	266	229
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net actuarial loss	6	10
Net prior service cost (credit)	(37)	(54)
Total	$ (31)	$ (44)

Employee Benefit Plans - Sche84

Employee Benefit Plans - Schedule of Components of Net Periodic Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment gain	$ (9)	$ (18)
U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	52	64	$ 70
Interest cost	29	26	28
Expected return on plan assets	(41)	(49)	(44)
Amortization of prior service credit	0	1	0
Amortization of net actuarial loss	11	9	8
Curtailment gain	0	0	0
Other	3	8	0
Net periodic cost	54	59	62
Non-U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	14	15	11
Interest cost	27	30	34
Expected return on plan assets	(33)	(47)	(41)
Amortization of prior service credit	0	0	0
Amortization of net actuarial loss	6	6	5
Curtailment gain	(2)	(1)	0
Other	0	0	0
Net periodic cost	12	3	9
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	4	5	6
Interest cost	4	4	5
Expected return on plan assets	0	0	0
Amortization of prior service credit	(9)	(11)	(11)
Amortization of net actuarial loss	0	1	1
Curtailment gain	(7)	(17)	0
Other	0	0	(3)
Net periodic cost	$ (8)	$ (18)	$ (2)

Employee Benefit Plans - Sche85

Employee Benefit Plans - Schedule of Assumptions Used for Net Periodic Cost (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	4.20%	3.70%	4.50%
Expected long-term return on plan assets	7.00%	7.60%	7.30%
Rate of compensation increase	5.70%	5.80%	5.60%
Social security increase	2.80%	2.80%	2.80%
Non-U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	3.70%	3.50%	4.40%
Expected long-term return on plan assets	5.00%	6.30%	6.10%
Rate of compensation increase	4.10%	4.10%	4.40%
Social security increase	2.10%	2.10%	2.40%
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	3.70%	3.30%	4.00%

Employee Benefit Plans - Sche86

Employee Benefit Plans - Schedule of Impact of Change in Health Care Cost (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Compensation and Retirement Disclosure [Abstract]
Effect of one percentage point increase on service and interest cost components	$ 0.1
Effect of one percentage point decrease on service and interest cost components	(0.1)
Effect of one percentage point increase on postretirement welfare benefit obligation	0.9
Effect of one percentage point decrease on postretirement welfare benefit obligation	$ (1.2)

Employee Benefit Plans - Sche87

Employee Benefit Plans - Schedule of Asset Categories of U.S. Pension Plan (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fixed Income | Unconstrained bonds funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	39.00%
Fixed Income | Government Bonds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	25.00%
Fixed Income | Corporate Bonds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	12.00%
Fixed Income | Government Mortgage-backed Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	10.00%
Fixed Income | Passive Index Bonds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	6.00%
Fixed Income | Commercial Mortgage-backed Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	1.00%
Fixed Income | Short-Term Bills and Notes
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	1.00%
Fixed Income | Asset-backed Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	1.00%
Fixed Income | Cash and Other Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Actual plan asset allocations	5.00%
U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	$ 600	$ 595	$ 648
U.S. Pension Benefits | Cash and Cash Equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	2	16
U.S. Pension Benefits | Fixed Income
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	120	109
U.S. Pension Benefits | Non-U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	126	129
U.S. Pension Benefits | U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	131	129
U.S. Pension Benefits | Hedge Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	150	152
U.S. Pension Benefits | Real Estate Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	8	10
U.S. Pension Benefits | Real Estate Investment Trust Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	12	9
U.S. Pension Benefits | Private Equity Fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	51	41
U.S. Pension Benefits | Level One
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	31	43
U.S. Pension Benefits | Level One | Cash and Cash Equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	12
U.S. Pension Benefits | Level One | Fixed Income
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level One | Non-U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	31	31
U.S. Pension Benefits | Level One | U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level One | Hedge Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level One | Real Estate Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level One | Real Estate Investment Trust Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level One | Private Equity Fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Two
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	360	349
U.S. Pension Benefits | Level Two | Cash and Cash Equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	2	4
U.S. Pension Benefits | Level Two | Fixed Income
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	120	109
U.S. Pension Benefits | Level Two | Non-U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	95	98
U.S. Pension Benefits | Level Two | U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	131	129
U.S. Pension Benefits | Level Two | Hedge Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Two | Real Estate Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Two | Real Estate Investment Trust Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	12	9
U.S. Pension Benefits | Level Two | Private Equity Fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Three
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	209	203
U.S. Pension Benefits | Level Three | Cash and Cash Equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Three | Fixed Income
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Three | Non-U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Three | U.S. Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Three | Hedge Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	150	152
U.S. Pension Benefits | Level Three | Real Estate Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	8	10
U.S. Pension Benefits | Level Three | Real Estate Investment Trust Equity
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	0
U.S. Pension Benefits | Level Three | Private Equity Fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	$ 51	$ 41

Employee Benefit Plans - Sche88

Employee Benefit Plans - Schedule of Asset Categories of Non-U.S. Pension Plan (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equities | Global
Defined Benefit Plan Disclosure
Actual plan asset allocations	47.00%
Equities | United Kingdom
Defined Benefit Plan Disclosure
Actual plan asset allocations	32.00%
Equities | Emerging Markets
Defined Benefit Plan Disclosure
Actual plan asset allocations	7.00%
Equities | North America
Defined Benefit Plan Disclosure
Actual plan asset allocations	5.00%
Equities | Asia Pacific
Defined Benefit Plan Disclosure
Actual plan asset allocations	5.00%
Equities | Europe
Defined Benefit Plan Disclosure
Actual plan asset allocations	4.00%
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	$ 699	$ 713	$ 767
Non-U.S. Pension Benefits | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	5	5
Non-U.S. Pension Benefits | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	663	673
Non-U.S. Pension Benefits | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	31	35
Non-U.S. Pension Benefits | Cash and Cash Equivalents
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	5	5
Non-U.S. Pension Benefits | Cash and Cash Equivalents | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	5	5
Non-U.S. Pension Benefits | Cash and Cash Equivalents | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Cash and Cash Equivalents | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Asset Allocation
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	122	152
Non-U.S. Pension Benefits | Asset Allocation | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Asset Allocation | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	122	152
Non-U.S. Pension Benefits | Asset Allocation | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - Canada - Corporate
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	6	6
Non-U.S. Pension Benefits | Bonds - Canada - Corporate | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - Canada - Corporate | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	6	6
Non-U.S. Pension Benefits | Bonds - Canada - Corporate | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - Canada - Government
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	17	19
Non-U.S. Pension Benefits | Bonds - Canada - Government | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - Canada - Government | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	17	19
Non-U.S. Pension Benefits | Bonds - Canada - Government | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - U.K. - Corporate
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	8	8
Non-U.S. Pension Benefits | Bonds - U.K. - Corporate | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - U.K. - Corporate | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	8	8
Non-U.S. Pension Benefits | Bonds - U.K. - Corporate | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - U.K. - Government
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	225	211
Non-U.S. Pension Benefits | Bonds - U.K. - Government | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - U.K. - Government | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	225	211
Non-U.S. Pension Benefits | Bonds - U.K. - Government | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - Global - Corporate
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	57	64
Non-U.S. Pension Benefits | Bonds - Global - Corporate | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Bonds - Global - Corporate | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	57	64
Non-U.S. Pension Benefits | Bonds - Global - Corporate | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Equities
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	122	128
Non-U.S. Pension Benefits | Equities | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Equities | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	122	128
Non-U.S. Pension Benefits | Equities | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Real Estate Fund
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	19	23
Non-U.S. Pension Benefits | Real Estate Fund | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Real Estate Fund | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Real Estate Fund | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	19	23
Non-U.S. Pension Benefits | Pooled Swap Funds
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	106	85
Non-U.S. Pension Benefits | Pooled Swap Funds | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Pooled Swap Funds | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	106	85
Non-U.S. Pension Benefits | Pooled Swap Funds | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Insurance contracts
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	12	12
Non-U.S. Pension Benefits | Insurance contracts | Level One
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Insurance contracts | Level Two
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	0	0
Non-U.S. Pension Benefits | Insurance contracts | Level Three
Defined Benefit Plan Disclosure
Fair values of the plan assets by asset category and by levels of fair value	$ 12	$ 12

Employee Benefit Plans - Sche89

Employee Benefit Plans - Schedule of Components of Level 3 Assets (Details) - Level Three - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of year	$ 238	$ 234	$ 254
Unrealized gains (losses)	(1)	(8)	7
Realized gains (losses)	(1)	2	8
Sales	(33)	(26)	(89)
Purchases	37	36	54
Fair value of plan assets at end of year	240	238	234
U.S. Private Equity Fund
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of year	41	21	16
Unrealized gains (losses)	3	0	0
Realized gains (losses)	0	0	1
Sales	(5)	(4)	(4)
Purchases	12	24	8
Fair value of plan assets at end of year	51	41	21
U.S. Real Estate Fund
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of year	10	10	9
Unrealized gains (losses)	1	0	1
Realized gains (losses)	0	1	0
Sales	(3)	(2)	0
Purchases	0	1	0
Fair value of plan assets at end of year	8	10	10
U.S. Hedge Funds
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of year	152	164	190
Unrealized gains (losses)	0	(6)	6
Realized gains (losses)	(1)	1	7
Sales	(22)	(15)	(85)
Purchases	21	8	46
Fair value of plan assets at end of year	150	152	164
Non-U.S. Real Estate Fund
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of year	23	22	21
Unrealized gains (losses)	(5)	0	1
Realized gains (losses)	0	0	0
Sales	0	0	0
Purchases	1	1	0
Fair value of plan assets at end of year	19	23	22
Non-U.S. Insurance Contracts
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of year	12	17	18
Unrealized gains (losses)	0	(2)	(1)
Realized gains (losses)	0	0	0
Sales	(3)	(5)	0
Purchases	3	2	0
Fair value of plan assets at end of year	$ 12	$ 12	$ 17

Employee Benefit Plans - Sche90

Employee Benefit Plans - Schedule of Future Expected Benefit Payments (Details) $ in Millions	Dec. 31, 2016USD ($)
U.S. Pension Benefits
Defined Benefit Plan Disclosure
2,017	$ 46
2,018	44
2,019	46
2,020	47
2,021	48
2022-2026	264
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure
2,017	22
2,018	24
2,019	29
2,020	27
2,021	32
2022-2026	182
Other Postretirement Benefits
Defined Benefit Plan Disclosure
2,017	16
2,018	12
2,019	10
2,020	9
2,021	9
2022-2026	$ 37

Employee Benefit Plans - Define

Employee Benefit Plans - Defined Contribution Plans (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Defined Contribution Plan Disclosure [Line Items]
Employer contribution match ratio	1
Vesting period	3 years
U.S. Pension Benefits
Defined Contribution Plan Disclosure [Line Items]
Cost recognized	$ 75	$ 202	$ 263
Non-U.S. Pension Benefits
Defined Contribution Plan Disclosure [Line Items]
Cost recognized	$ 9	$ 15	$ 17
Maximum
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution percent (as a percent)	5.00%
Maximum | Pension Plan
Defined Contribution Plan Disclosure [Line Items]
Expected employer contributions, next twelve months	$ 145
Minimum
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution percent (as a percent)	2.00%
Minimum | Pension Plan
Defined Contribution Plan Disclosure [Line Items]
Expected employer contributions, next twelve months	$ 135

Commitments and Contigencies (D

Commitments and Contigencies (Details) $ in Millions	Oct. 30, 2015USD ($)	Aug. 31, 2015USD ($)	Jun. 19, 2015USD ($)	Dec. 31, 2016USD ($)claim	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jan. 23, 2015claim	Nov. 06, 2014USD ($)	Oct. 09, 2014USD ($)
Minimum annual rental commitments, net of amounts due under subleases
Net amount due in year one				$ 118
Net amount due in year two				62
Net amount due in year three				44
Net amount due in year four				29
Net amount due in year five				19
Net amount due thereafter				72
Rent expense				$ 355	$ 514	$ 747
Claims asserted against the company | claim							6
Individual complaints | claim				0
Litigation
Claims amount for terminated contract									$ 67.9
Additional claim amount for terminated contract									$ 57
Breach of contract counter suit amount								$ 182
Accrual for environmental loss contingencies
Accrual for environmental remediation				$ 31	35
Environmental remediation accrual for various superfund sites				2	$ 2
Other Commitments
Total, off-balance sheet liability				1,000
Purchase obligations related to capital expenditures, inventory and services under contracts
Due within one year				102
Due within two years				43
Due within three years				38
Due within four years				36
Due within five years				30
Due thereafter				$ 37
Natural Gas Storage System in Northern Germany
Litigation
Damages sought			$ 224
Damages sought (as a percent)			5.00%
Letter of Claim pursuant to a Construction and Engineering Contract
Litigation
Damages sought		$ 369
Failure to purchase required tonnage
Litigation
Damages sought	$ 110

Accumulated Other Comprehensi93

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 16,382	$ 18,730
Ending balance	12,737	16,382
Pensions and Other Postretirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(261)	(246)
Amounts reclassified from accumulated other comprehensive loss, deferred taxes	1	5
Ending balance	(284)	(261)
Actuarial net loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income before reclassifications	(23)	(18)
Other comprehensive income before reclassifications, deferred taxes		10
Amounts reclassified from accumulated other comprehensive loss	17	16
Prior service credit
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss	(9)	(10)
Curtailment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss	(9)	(18)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(744)	(503)
Other comprehensive income before reclassifications	(5)	(241)
Ending balance	(749)	(744)
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,005)	(749)
Ending balance	$ (1,033)	$ (1,005)

Quarterly Data (Unaudited) (Det

Quarterly Data (Unaudited) (Details) - USD ($)	May 04, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue		$ 2,410,000,000	$ 2,353,000,000	$ 2,408,000,000	$ 2,670,000,000	$ 3,394,000,000	$ 3,786,000,000	$ 3,968,000,000	$ 4,594,000,000	$ 9,841,000,000	$ 15,742,000,000	$ 24,551,000,000
Gross profit		174,000,000	203,000,000	(803,000,000)	(90,000,000)	180,000,000	301,000,000	266,000,000	114,000,000	(516,000,000)	861,000,000
Impairment and restructuring charges		145,000,000	304,000,000	1,126,000,000	160,000,000	1,246,000,000	98,000,000	76,000,000	573,000,000	1,735,000,000	1,993,000,000	0
Goodwill impairment		0	17,000,000	1,841,000,000	0					1,858,000,000	0	0
Merger termination fee	$ (3,500,000,000)	0	0	(3,500,000,000)	0					(3,500,000,000)	0	0
Net loss attributable to Baker Hughes		$ (417,000,000)	$ (429,000,000)	$ (911,000,000)	$ (981,000,000)	$ (1,031,000,000)	$ (159,000,000)	$ (188,000,000)	$ (589,000,000)	$ (2,738,000,000)	$ (1,967,000,000)	$ 1,719,000,000
Basic and diluted loss per share attributable to Baker Hughes (USD per share)		$ (0.98)	$ (1)	$ (2.08)	$ (2.22)	$ (2.35)	$ (0.36)	$ (0.43)	$ (1.35)	$ (6.31)	$ (4.49)
Dividends per share (USD per share)		0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	$ 0.68	$ 0.68
Maximum
Common Stock Market Price High		66.89	52.70	49.52	47.44	57.33	61.13	69.13	65.04
Minimum
Common Stock Market Price Low		$ 49.96	$ 43.54	$ 39.36	$ 38.88	$ 43.36	$ 45.76	$ 61.11	$ 53.53

Schedule II - Valuation and Q95

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Valuation Allowances and Reserves [Roll Forward]
Other Changes			$ (39)
Reserve for doubtful accounts receivable
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	$ 383	$ 224	238
Charged to Cost and Expenses	188	193	102
Write-offs	(59)	(23)	(71)
Other Changes	(3)	(11)	(45)
Ending balance	509	383	224
Reserve for inventories
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	278	319	382
Charged to Cost and Expenses	181	195	37
Write-offs	(275)	(235)	(92)
Other Changes	4	(1)	(8)
Ending balance	$ 188	$ 278	$ 319