Cameron International 10-Q 24 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 15, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CAMERON INTERNATIONAL CORP
Entity Central Index Key	941548
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		191,405,658
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15

CONSOLIDATED_CONDENSED_STATEME

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract]
REVENUES	$2,273	$2,329
COSTS AND EXPENSES:
Cost of sales (exclusive of depreciation and amortization shown separately below)	1,608	1,690
Selling and administrative expenses	286	318
Depreciation and amortization	89	85
Interest, net	38	32
Asset impairment charges (see Note 3)	553	40
Other costs (see Note 3)	24	9
Total costs and expenses	2,598	2,174
Income (loss) from continuing operations before income taxes	-325	155
Income tax provision	-53	-45
Income (loss) from continuing operations	-378	110
Income from discontinued operations, net of income taxes	429	5
Net income	51	115
Less: Net income attributable to noncontrolling interests	2	4
Net income attributable to Cameron stockholders	49	111
Amounts attributable to Cameron stockholders:
Income (loss) from continuing operations	-380	106
Income from discontinued operations	429	5
Net income attributable to Cameron stockholders	49	111
Basic -
Continuing operations (in dollars per share)	($1.97)	$0.49
Discontinued operations (in dollars per share)	$2.22	$0.02
Basic earnings per share (in dollars per share)	$0.25	$0.51
Diluted -
Continuing operations (in dollars per share)	($1.97)	$0.49
Discontinued operations (in dollars per share)	$2.22	$0.02
Diluted earnings per share (in dollars per share)	$0.25	$0.51
Shares used in computing earnings per common share:
Basic (in shares)	193	215
Diluted (in shares)	193	216
Comprehensive income (loss)	-239	141
Less: Comprehensive income (loss) attributable to noncontrolling interests	-63	19
Comprehensive income (loss) attributable to Cameron stockholders	($176)	$122

CONSOLIDATED_CONDENSED_BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
ASSETS
Cash and cash equivalents	$1,322	$1,513
Short-term investments	424	113
Receivables, net	2,178	2,389
Inventories, net	2,930	2,929
Other current assets	397	391
Assets of discontinued operations	0	217
Total current assets	7,251	7,552
Plant and equipment, net	1,830	1,964
Goodwill	1,858	2,461
Intangibles, net	679	728
Other assets	187	187
TOTAL ASSETS	11,805	12,892
LIABILITIES AND STOCKHOLDERS' EQUITY
Short-term debt	31	263
Accounts payable and accrued liabilities	3,194	3,748
Accrued income taxes	393	168
Liabilities of discontinued operations	0	90
Total current liabilities	3,618	4,269
Long-term debt	2,813	2,819
Deferred income taxes	179	193
Other long-term liabilities	166	167
Total liabilities	6,776	7,448
Stockholders' Equity:
Common stock, par value $.01 per share, 400,000,000 shares authorized, 263,111,472 shares issued at March 31, 2015 and December 31, 2014	3	3
Capital in excess of par value	3,234	3,255
Retained earnings	5,680	5,631
Accumulated other elements of comprehensive income (loss)	-765	-540
Less: Treasury stock, 71,543,192 shares at March 31, 2015 (68,139,027 shares at December 31, 2014)	-3,949	-3,794
Total Cameron stockholders' equity	4,203	4,555
Noncontrolling interests	826	889
Total equity	5,029	5,444
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$11,805	$12,892

CONSOLIDATED_CONDENSED_BALANCE1

CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Stockholders' Equity:
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	263,111,472	263,111,472
Treasury common stock at cost (in shares)	71,543,192	68,139,027

CONSOLIDATED_CONDENSED_STATEME1

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$51	$115
Adjustments to reconcile net income to net cash used for operating activities:
Asset impairment charges (see Note 3)	553	40
Pre-tax gain on sale of Centrifugal Compression business	-680	0
Depreciation	75	68
Amortization	14	19
Non-cash stock compensation expense	10	14
Deferred income taxes and tax benefit of stock compensation plan transactions	-2	-16
Changes in assets and liabilities, net of translation and non-cash items:
Receivables	147	-60
Inventories	-105	-175
Accounts payable and accrued liabilities	-471	-213
Other assets and liabilities, net	215	34
Net cash used for operating activities	-193	-174
Cash flows from investing activities:
Pre-tax net proceeds received from sale of Centrifugal Compression business	831	0
Proceeds from sales and maturities of short-term investments	122	5
Purchases of short-term investments	-433	-5
Capital expenditures	-89	-105
Proceeds from sales of plant and equipment	6	6
Net cash provided by (used for) investing activities	437	-99
Cash flows from financing activities:
Short-term loan borrowings (repayments), net	-201	330
Purchase of treasury stock	-182	-902
Proceeds from stock option exercises, net of tax payments from stock compensation plan transactions	-8	9
Excess tax benefits from stock compensation plan transactions	1	2
Principal payments on capital leases	-6	-3
Net cash used for financing activities	-396	-564
Effect of translation on cash	-39	-4
Decrease in cash and cash equivalents	-191	-841
Cash and cash equivalents, beginning of period	1,513	1,813
Cash and cash equivalents, end of period	$1,322	$972

CONSOLIDATED_CONDENSED_STATEME2

CONSOLIDATED CONDENSED STATEMENT OF CHANGES IN EQUITY (Unaudited) (USD $)	Common Stock [Member]	Capital in Excess of Par value [Member]	Retained Earnings [Member]	Accumulated Other Elements of Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Noncontrolling Interests [Member]	Total
In Millions
Balance at Dec. 31, 2014	$3	$3,255	$5,631	($540)	($3,794)	$889	$5,444
Net income	0	0	49	0	0	2	51
Other comprehensive income (loss), net of tax	0	0	0	-225	0	-65
Non-cash stock compensation expense	0	10	0	0	0	0	10
Purchase of treasury stock	0	0	0	0	-179	0
Treasury stock issued under stock compensation plans	0	-31	0	0	24	0
Tax benefit of stock compensation plan transactions	0	0	0	0	0	0
Balance at Mar. 31, 2015	$3	$3,234	$5,680	($765)	($3,949)	$826	$5,029

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Basis of Presentation [Abstract]
Basis of Presentation	Note 1: Basis of Presentation
	The accompanying Unaudited Consolidated Condensed Financial Statements of Cameron International Corporation (the Company) have been prepared in accordance with Rule 10-01 of Regulation S-X and do not include all the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  Those adjustments, consisting of normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the financial information for the interim periods, have been made.  The results of operations for such interim periods are not necessarily indicative of the results of operations for a full year. The Unaudited Consolidated Condensed Financial Statements should be read in conjunction with the Audited Consolidated Financial Statements and Notes thereto filed by the Company on Form 10-K for the year ended December 31, 2014.
	Preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, estimates of total contract profit or loss on certain long-term production contracts, estimated losses on accounts receivable, estimated realizable value on excess and obsolete inventory, contingencies (including tax contingencies, estimated liabilities for litigation exposures and liquidated damages), estimated warranty costs, estimates related to pension accounting, estimates used to determine fair values in purchase accounting, estimates related to the fair value of reporting units for purposes of assessing goodwill and long-lived assets for impairment and estimates related to deferred tax assets and liabilities, including valuation allowances on deferred tax assets. Actual results could differ materially from these estimates.
	Certain prior year amounts have been reclassified to conform to the current year presentation.

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2015
Discontinued Operations [Abstract]
Discontinued Operations	Note 2: Discontinued Operations
	The Company completed the sale of its Reciprocating Compression business to General Electric, effective June 1, 2014, and the sale of its Centrifugal Compression business to Ingersoll Rand on January 1, 2015.   The gross cash consideration of the Centrifugal Compression sale was $850 million, subject to closing adjustments.
	Summarized financial information for these discontinued operations is as follows:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
	Results of Operations:
	Revenues	$	–		$	150
	Cost of sales (excluding depreciation and amortization)		–			(110	)
	All other costs		(5	)		(33	)
	Gain from sale of Centrifugal Compression business		680			–
	Income before income taxes		675			7
	Income tax provision		(246	)		(2	)
	Income from discontinued operations, net of income taxes	$	429		$	5
	The gain on the sale of the Centrifugal Compression business recognized during the three months ended March 31, 2015 was determined as follows (dollars in millions):
	Sales price	$	850
	Net assets sold, including estimated post-closing working capital adjustments		(160	)
	Transaction and other costs associated with the sale		(10	)
	Pre-tax gain		680
	Tax provision		(248	)
	Gain on sale	$	432

Asset_Impairment_Charges_and_O

Asset Impairment Charges and Other Costs	3 Months Ended
	Mar. 31, 2015
Asset Impairment Charges and Other Costs [Abstract]
Asset Impairment Charges and Other Costs	Note 3: Asset Impairment Charges and Other Costs
	Asset impairment charges and other costs consisted of the following:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
	Asset impairment charges -
	Goodwill impairment	$	517		$	40
	Other long-lived asset impairments		36			–
	Total asset impairment charges	$	553		$	40
	Other costs (credits) -
	Mark-to-market impact on currency derivatives not designated as accounting hedges	$	12		$	–
	Gain from Venezuela currency devaluation		(4	)		–
	Acquisition and other integration costs		–			2
	Employee severance, restructuring and other costs		16			7
	Total other costs, net	$	24		$	9
	Goodwill impairment
	The Company tests the carrying value of goodwill in accordance with accounting rules on impairment of goodwill, which require that the Company estimate the fair value of each of its reporting units annually, or when impairment indicators exist, and compare such amounts to their respective carrying values to determine if an impairment of goodwill is required.  The estimated fair value of each reporting unit is primarily determined using discounted future expected cash flows (Level 3 unobservable inputs) consistent with the accounting guidance for fair-value measurements. Certain estimates and judgments are required in the application of the fair value models, including, but not limited to, estimates of future cash flows and the selection of a discount rate.  At March 31, 2015, the Company's reporting units for goodwill impairment testing purposes were OneSubsea, Process Systems, Surface, Drilling, Valves, and Measurement.
	In connection with our annual goodwill impairment test as of March 31, 2015, we tested the goodwill for each of our six reporting units. With the exception of the Process Systems reporting unit, no goodwill impairments were indicated.
	With respect to the Process Systems reporting unit, our determination of fair value as of March 31, 2015 considered events that occurred in the first quarter, as well as our updated long-term outlook for this reporting unit. Those events included ongoing changes in the energy industry during the first quarter of 2015, a 42% reduction in North American rig count, numerous industry-wide deepwater project deferrals and idling of deepwater drilling rigs, as well as significant capital spending cuts announced by a number of oil and gas exploration companies since December 31, 2014.   Consistent with these industry-wide market changes, the Company also experienced the loss or indefinite deferral of several major project awards that we previously anticipated receiving.  Accordingly, when determining the fair value of the Process Systems reporting unit as of March 31, 2015, our projections considered these factors as well as the negative impact of the low commodity price environment on the long-term outlook for revenue growth and profitability in this business. Based on these considerations, we concluded the fair value (estimated using Level 3 unobservable inputs) of the Process Systems reporting unit was less than its carrying value as of March 31, 2015. We conducted a Step 2 analysis, which included a hypothetical purchase price allocation, and recorded a goodwill impairment charge of $517 million. As of March 31, 2015, following the impairment, the Process Systems reporting unit had $53 million of goodwill remaining.
	Previously, goodwill totaling $40 million relating to the Company's Process Systems and Equipment (PSE) reporting unit was considered to be fully impaired during the annual goodwill impairment review conducted during the first quarter of 2014.
	Gain from Venezuela currency devaluation
	Because of the continuing economic turmoil in Venezuela and further statutory changes which impact exchange rates companies are allowed to use by the Venezuelan government when converting bolivars into dollars, Cameron recognized a gain of $4 million relating to the impact on its bolivar-denominated net liabilities of a devaluation of the Venezuelan currency from the official exchange rate used in the past to a market-based rate during the first quarter of 2015.

Receivables

Receivables	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Receivables	Note 4: Receivables
	Receivables consisted of the following:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Trade receivables	$	1,430		$	1,678
	Costs and estimated earnings in excess of billings on uncompleted contracts		615			621
	Other receivables		172			122
	Allowance for doubtful accounts		(39	)		(32	)
	Total receivables, net	$	2,178		$	2,389

Inventories

Inventories	3 Months Ended
	Mar. 31, 2015
Inventories [Abstract]
Inventories	Note 5: Inventories
	Inventories consisted of the following:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Raw materials	$	155		$	159
	Work-in-process		759			827
	Finished goods, including parts and subassemblies		2,237			2,150
	Other		23			24
	Gross inventories		3,174			3,160
	Excess of current standard costs over LIFO costs		(82	)		(86	)
	Allowances		(162	)		(145	)
	Total inventories, net	$	2,930		$	2,929

Plant_and_Equipment_and_Goodwi

Plant and Equipment and Goodwill	3 Months Ended
	Mar. 31, 2015
Plant and Equipment and Goodwill [Abstract]
Plant and Equipment and Goodwill	Note 6: Plant and Equipment and Goodwill
	Plant and equipment consisted of the following:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Plant and equipment, at cost	$	3,460		$	3,580
	Accumulated depreciation		(1,630	)		(1,616	)
	Total plant and equipment, net	$	1,830		$	1,964
	Changes in goodwill during the three months ended March 31, 2014 were as follows (dollars in millions):
	Balance at December 31, 2014	$	2,461
	Impairment of goodwill (See Note 3)		(517	)
	Adjustments to the purchase price allocation for prior year acquisitions		(5	)
	Translation effect of currency changes		(81	)
	Balance at March 31, 2015	$	1,858

Accounts_Payable_and_Accrued_L

Accounts Payable and Accrued Liabilities	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Note 7: Accounts Payable and Accrued Liabilities
	Accounts payable and accrued liabilities consisted of the following:
	(dollars in millions)	March 31,		December 31,
		2015		2014
	Trade accounts payable and accruals	$	677	$	1,084
	Advances from customers		1,429		1,576
	Other accruals		1,088		1,088
	Total accounts payable and accrued liabilities	$	3,194	$	3,748

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Debt [Abstract]
Debt	Note 8: Debt
	The Company's debt obligations were as follows:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Commercial paper (0.49% weighted average rate at December 31, 2014)	$	–		$	201
	Senior notes:
	1.15% notes due December 15, 2016		250			250
	1.4% notes due June 15, 2017		250			250
	6.375% notes due July 15, 2018		450			450
	4.5% notes due June 1, 2021		250			250
	3.6% notes due April 30, 2022		250			250
	4.0% notes due December 15, 2023		250			250
	3.7% notes due June 15, 2024		250			250
	7.0% notes due July 15, 2038		300			300
	5.95% notes due June 1, 2041		250			250
	5.125% notes due December 15, 2043		250			250
	Unamortized original issue discount		(7	)		(7	)
	Other debt		33			67
	Obligations under capital leases		68			71
	Total debt		2,844			3,082
	Less: current maturities		(31	)		(263	)
	Long-term maturities	$	2,813		$	2,819
	The Company has in place a commercial paper program which will allow for issuances of up to $500 million of commercial paper with maturities of no more than 364 days.  This program is used for general corporate purposes.
	At March 31, 2015, the Company had no amounts outstanding under its $835 million Amended Credit Agreement, which matures on June 6, 2016.
	The Company also has a $750 million multi-currency syndicated Revolving Credit Facility expiring April 11, 2017.  Up to $200 million of the Revolving Credit Facility may also be used for letters of credit.  The Company has issued letters of credit totaling $45 million under the Revolving Credit Facility, leaving $705 million available for future use at March 31, 2015.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Taxes [Abstract]
Income Taxes	Note 9: Income Taxes
	The Company's effective tax rate on income (loss) from continuing operations before income taxes for the first quarter of 2015 was a negative 16.3% compared to 29.0% for the first quarter of 2014.  The components of the effective tax rates for both periods were as follows:
		Three Months Ended March 31,
		2015						2014
	(dollars in millions)	Tax Provision			Tax Rate			Tax Provision			Tax Rate
	Provision (benefit) based on international income (loss) distribution	$	(75	)		23	%	$	37			23.9	%
	Adjustments to income tax provision (benefit):
	Asset impairments with no tax benefit		127			(39.2	)		10			6.4
	Finalization of prior year returns		–			–			(3	)		(1.9	)
	Accrual adjustments and other		1			(0.1	)		1			0.6
	Tax provision	$	53			(16.3	)%	$	45			29	%

Business_Segments

Business Segments	3 Months Ended
	Mar. 31, 2015
Business Segments [Abstract]
Business Segments	Note 10: Business Segments
	The Company's operations are organized into four separate business segments – Subsea, Surface, Drilling and Valves and Measurement (V&M).  Summary financial data by segment follows:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
	Revenues:
	Subsea	$	631		$	681
	Surface		543			538
	Drilling		726			667
	V&M		428			500
	Elimination of intersegment revenues		(55	)		(57	)
	Total revenues	$	2,273		$	2,329
	Segment Income before Interest and Income Taxes:
	Subsea	$	57		$	29
	Surface		92			91
	Drilling		135			67
	V&M		45			98
	Elimination of intersegment earnings		(16	)		(12	)
	Segment income before interest and income taxes		313			273
	Corporate Items:
	Corporate expense		(23	)		(37	)
	Interest, net		(38	)		(32	)
	Asset impairment charges		(553	)		(40	)
	Other costs		(24	)		(9	)
	Consolidated income (loss) from continuing operations before income taxes	$	(325	)	$	155
	Corporate items include governance expenses associated with the Company's corporate office, as well as all of the Company's interest income and interest expense, goodwill and asset impairment charges, severance and restructuring expenses, the impact of currency devaluations, foreign currency gains and losses from certain derivative and intercompany lending activities managed by the Company's centralized treasury function and various other unusual or one-time costs that are not considered a component of segment operating income. Consolidated interest income and expense are treated as corporate items because cash equivalents, short-term investments and debt, including location, type, currency, etc., are managed on a worldwide basis by the corporate treasury department.

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2015
Earnings (Loss) Per Share [Abstract]
Earnings (Loss) Per Share	Note 11: Earnings (Loss) Per Share
	The calculation of basic and diluted earnings (loss) per share for each period presented was as follows (dollars and shares in millions, except per share amounts):
		Three Months Ended
		March 31,
	(dollars and shares in millions, except per share amounts)	2015			2014
	Net income (loss) from continuing operations	$	(378	)	$	110
	Less: Net income attributable to noncontrolling interests		2			4
	Net income (loss) from continuing operations attributable to Cameron		(380	)		106
	Income from discontinued operations, net of taxes		429			5
	Net income attributable to Cameron stockholders	$	49		$	111
	Average shares outstanding (basic)		193			215
	Common stock equivalents		–			1
	Diluted shares		193			216
	Basic earnings (loss) per share attributable to Cameron stockholders:
	Continuing operations	$	(1.97	)	$	0.49
	Discontinued operations		2.22			0.02
	Basic earnings per share	$	0.25		$	0.51
	Diluted earnings (loss) per share attributable to Cameron stockholders:
	Continuing operations	$	(1.97	)	$	0.49
	Discontinued operations		2.22			0.02
	Diluted earnings per share	$	0.25		$	0.51
	Activity in the Company's treasury shares were as follows:
		Three Months Ended
		March 31,
		2015			2014
	Treasury shares at beginning of period		68,139,027			41,683,164
	Purchases of treasury shares		3,946,534			15,157,103
	Net change in treasury shares owned by participants in nonqualified deferred compensation plans		(133	)		39,762
	Treasury shares issued in satisfaction of stock option exercises and vesting of restricted stock units		(542,236	)		(770,393	)
	Treasury shares at end of period		71,543,192			56,109,636
	The average cost of treasury shares acquired for the three-month periods ended March 31, 2015 and 2014 was $45.31 and $60.91, respectively.
	At March 31, 2015, the Company had remaining authority for future treasury stock purchases totaling approximately $298 million.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 12: Accumulated Other Comprehensive Income (Loss)
	The changes in the components of accumulated other elements of comprehensive income (loss) for the three months ended March 31, 2015 and 2014 were as follows:
		Three Months Ended March 31, 2015
	(dollars in millions)	Accumulated Foreign Currency Translation			Prior Service Credits and Net Actuarial Losses			Accumulated Gain (Loss) on Cash Flow Hedge Derivatives			Total			Three Months Ended March 31, 2014
		Gain (Loss)
	Balance at beginning of  year	$	(428	)	$	(78	)	$	(34	)	$	(540	)	$	(80	)
	Other comprehensive income (loss) before reclassifications:
	Pre-tax		(197	)		–			(58	)		(255	)		16
	Tax effect		–			–			16			16			(3	)
	Amounts reclassified from accumulated other comprehensive income to:
	Revenues		–			–			11			11			(3	)
	Cost of sales		–			–			8			8			–
	Selling and administrative expense		–			–			–			–			–
	Tax effect		–			–			(5	)		(5	)		1
	Net current period other comprehensive income		(197	)		–			(28	)		(225	)		11
	Balance at end of period	$	(625	)	$	(78	)	$	(62	)	$	(765	)	$	(69	)
	Other comprehensive loss associated with noncontrolling interests totaled approximately $65 million during the three months ended March 31, 2015, the majority of which was attributable to accumulated foreign currency translation losses.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2015
Contingencies [Abstract]
Contingencies	Note 13: Contingencies
	The Company is subject to a number of contingencies, including litigation, tax contingencies and environmental matters.
	Litigation
	The Company has been and continues to be named as a defendant in a number of multi-defendant, multi-plaintiff tort lawsuits. At March 31, 2015, the Company's Consolidated Condensed Balance Sheet included a liability of approximately $18 million for such cases. The Company believes, based on its review of the facts and law, that the potential exposure from these suits will not have a material adverse effect on its consolidated results of operations, financial condition or liquidity.
	Tax and Other Contingencies
	The Company has legal entities in nearly 50 countries. As a result, the Company is subject to various tax filing requirements in these countries. The Company prepares its tax filings in a manner which it believes is consistent with such filing requirements. However, the tax laws and regulations to which the Company is subject often require interpretation and/or the application of judgment. Although the Company believes the tax liabilities for periods ending on or before the balance sheet date have been adequately provided for in the financial statements, to the extent a taxing authority believes the Company has not prepared its tax filings in accordance with the authority's interpretation of the tax laws and regulations, the Company could be exposed to additional taxes.
	The Company has been assessed customs duties and penalties by the government of Brazil totaling a U.S. dollar equivalent of almost $40 million at March 31, 2015, including interest accrued at local country rates, following a customs audit for the years 2003-2010.  The Company filed an administrative appeal and believes a majority of this assessment will ultimately be proven to be incorrect because of numerous errors in the assessment, and because the government has not provided appropriate supporting documentation for the assessment.  As a result, the Company currently expects no material adverse impact on its results of operations or cash flows as a result of the ultimate resolution of this matter.  No amounts have been accrued for this assessment as of March 31, 2015 as no loss is currently determinable nor considered probable.
	Environmental Matters
	The Company is currently identified as a potentially responsible party (PRP) for one site designated for cleanup under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) or similar state law. The Osborne site is a landfill into which a predecessor of the Company's former Reciprocating Compression operation in Grove City, Pennsylvania deposited waste, where remediation was completed in 2011 and remaining costs relate to ongoing ground water monitoring. The Company is also a party with de minimis exposure at other CERCLA sites.
	The Company is engaged in site cleanup under the Voluntary Cleanup Plan of the Texas Commission on Environmental Quality ("TCEQ") at a former manufacturing location in Houston, Texas and had been engaged in one at a former manufacturing location in Missouri City, Texas.  With respect to the Missouri City site, the Company received a Certificate of Completion from the TCEQ on February 17, 2015.  With respect to the Houston site, in 2001 the Company discovered that contaminated underground water had migrated under an adjacent residential area. Pursuant to applicable state regulations, the Company notified the affected homeowners. Concerns over the impact on property values of the underground water contamination and its public disclosure led to a number of claims by homeowners.  The Company has settled these claims, primarily as a result of the settlement of a class action lawsuit, and is obligated to reimburse approximately 190 homeowners for any diminution in value of their property due to contamination concerns at the time of the property's sale. Test results of monitoring wells on the southeastern border of the plume indicate that the plume is moving in a new direction, likely as a result of a ground water drainage system completed as part of an interstate highway improvement project.  As a result, the Company notified 39 additional homeowners, and may provide notice to additional homeowners, whose property is adjacent to the class area that their property may be affected. The Company continues to monitor the situation to determine whether additional remedial measures would be appropriate.  The Company believes, based on its review of the facts and law, that any potential exposure from existing agreements as well as any possible new claims that may be filed with respect to this underground water contamination will not have a material adverse effect on its financial position or results of operations. The Company's Consolidated Condensed Balance Sheet included a noncurrent liability of approximately $7 million for these matters as of March 31, 2015.
	Additionally, the Company has ceased operations at a number of other sites which had been active for many years and which may have yet undiscovered contamination. The Company does not believe, based upon information currently available, that there are any material environmental liabilities existing at these locations. At March 31, 2015, the Company's Consolidated Condensed Balance Sheet included a noncurrent liability of nearly $3 million for these environmental matters.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 14: Fair Value of Financial Instruments
	Fair Value of Financial Instruments
	The Company's financial instruments consist primarily of cash and cash equivalents, short-term investments, trade receivables, non-qualified benefit plan assets, trade payables, derivative instruments and debt instruments. Due to the short-term nature of each, the book values of trade receivables, trade payables and commercial paper are considered to be representative of their respective fair values.
	Following is a summary of the Company's financial instruments which have been valued at fair value in the Company's Consolidated Condensed Balance Sheets at March 31, 2015 and December 31, 2014:
		Fair Value Based on Quoted Prices in Active Markets for Identical Assets					Fair Value Based on Significant Other Observable Inputs						Total
		(Level 1)					(Level 2)
	(dollars in millions)	2015			2014		2015			2014			2015			2014
	Cash and cash equivalents:
	Cash	$	534		$	616	$	–		$	–		$	534		$	616
	Money market funds		665			842		–			–			665			842
	Commercial paper		–			–		55			13			55			13
	U.S. Treasury securities		7			5		–			–			7			5
	U.S. corporate obligations		23			4		–			–			23			4
	Non-U.S. bank and other obligations		25			33		–			–			25			33
	U.S. non-governmental agency asset-backed securities		–			–		13			–			13			–
	Short-term investments:
	Commercial paper		–			–		115			11			115			11
	U.S. Treasury securities		76			51		–			–			76			51
	U.S. corporate obligations		188			51		–			–			188			51
	U.S. non-governmental agency asset-backed securities		–			–		45			–			45			–
	Non-qualified plan assets:
	Money market funds		–			1		–			–			–			1
	Domestic bond funds		3			3		–			–			3			3
	Domestic equity funds		6			5		–			–			6			5
	International equity funds		3			3		–			–			3			3
	Blended equity funds		5			5		–			–			5			5
	Common stock		2			2		–			–			2			2
	Derivatives, net asset (liability):
	Foreign currency contracts		–			–		(119	)		(99	)		(119	)		(99	)
		$	1,537		$	1,621	$	109		$	(75	)	$	1,646		$	1,546
	Fair values for financial instruments utilizing level 2 inputs were determined from information obtained from third party pricing sources, broker quotes or calculations involving the use of market indices.
	At both March 31, 2015 and December 31, 2014, the fair value of the Company's fixed-rate debt (based on Level 1 quoted market rates) was approximately $2.9 billion as compared to the $2.7 billion face value of the debt recorded, net of original issue discounts, in the Company's Consolidated Condensed Balance Sheet.
	Derivative Contracts
	In order to mitigate the effect of exchange rate changes, the Company will often attempt to structure sales contracts to provide for collections from customers in the currency in which the Company incurs its manufacturing costs. In certain instances, the Company will enter into foreign currency forward contracts to hedge specific large anticipated receipts or disbursements in currencies for which the Company does not have fully offsetting local currency expenditures or receipts. The Company was party to a number of long-term foreign currency forward contracts at March 31, 2015. The purpose of the majority of these contracts was to hedge large anticipated non-functional currency cash flows on major subsea, drilling, valve or other equipment projects. Many of these contracts have been designated as and are accounted for as cash flow hedges with changes in the fair value of those contracts recorded in accumulated other elements of comprehensive income (loss) in the period such change occurs.  Certain other contracts, many of which are centrally managed, are intended to offset other foreign currency exposures but have not been designated as hedges for accounting purposes and, therefore, any change in the fair value of those contracts are reflected in earnings in the period such change occurs.  The Company determines the fair value of its outstanding foreign currency forward contracts based on quoted exchange rates for the respective currencies applicable to similar instruments.
	The Company manages its debt portfolio to achieve an overall desired position of fixed and floating rates and employs from time to time interest rate swaps as a tool to achieve that goal.
	Total gross volume bought (sold) by notional currency and maturity date on open derivative contracts at March 31, 2015 was as follows:
		Notional Amount - Buy											Notional Amount - Sell
	(amounts in millions)	2015			2016		2017			Total			2015			2016			Total
	Foreign exchange forward contracts -
	Notional currency in:
	Euro		236			14		–			250			(51	)		–			(51	)
	Malaysian ringgit		319			51		–			370			(47	)		–			(47	)
	Norwegian krone		580			184		4			768			(63	)		(54	)		(117	)
	Pound Sterling		150			9		–			159			(28	)		(1	)		(29	)
	U.S. dollar		61			–		–			61			(481	)		(137	)		(618	)
	Foreign exchange option contracts -
	Notional currency in:
	U.S. dollar		13			–		–			13			–			–			–
	While the Company and its counterparties have the right to offset gains and losses on different derivative contracts under certain circumstances, the Company's policy is to record its derivative contracts on a gross basis.  The fair values of derivative financial instruments recorded in the Company's Consolidated Condensed Balance Sheets were as follows:
		31-Mar-15					31-Dec-14
	(dollars in millions)	Assets			Liabilities		Assets			Liabilities
	Derivatives designated as hedging instruments:
	Current	$	12		$	104	$	8		$	83
	Non-current		1			13		1			12
	Derivatives designated as hedges		13			117		9			95
	Derivatives not designated as hedging instruments:
	Current		–			15		1			14
	Non-current		–			–		–			–
	Derivatives not designated as hedges		–			15		1			14
	Total derivatives	$	13		$	132	$	10		$	109
	The amount of pre-tax gain (loss) from the ineffective portion of derivatives designated as hedging instruments and from derivatives not designated as hedging instruments was:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
Derivatives designated as hedging instruments -
Cost of sales	$	(3	)	$	1
Derivatives not designated as hedging instruments -
Cost of sales		(19	)		2
Other costs		(12	)		–
	$	(34	)	$	3

Recently_Issued_Accounting_Pro

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
Recently Issued Accounting Pronouncements [Abstract]
Recently Issued Accounting Pronouncements	Note 15: Recently Issued Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP and International Financial Reporting Standards (IFRS).
	The core principle of Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASU 2014-09), is that a company will recognize revenue when it transfers promised goods and services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services.  Companies will need to:
	•	identify performance obligations in each contract,
	•	estimate the amount of variable consideration to include the transaction price, and
	•	allocate the transaction price to each separate performance obligation.
	ASU 2014-09 was initially scheduled to be effective for Cameron no earlier than the first quarter of 2017, however, on April 1, 2015, the FASB voted to propose to defer the effective date by one year.  It is expected the proposed rule to defer the effective date will be finalized during the second quarter of 2015.  The Company is beginning the process of evaluating the impact of the new standard on its business and addressing whether it will select either the full retrospective or the modified retrospective implementation method upon the expected adoption date of January 1, 2018.

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations [Abstract]
Summarized financial information of discontinued businesses	Summarized financial information for these discontinued operations is as follows:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
	Results of Operations:
	Revenues	$	–		$	150
	Cost of sales (excluding depreciation and amortization)		–			(110	)
	All other costs		(5	)		(33	)
	Gain from sale of Centrifugal Compression business		680			–
	Income before income taxes		675			7
	Income tax provision		(246	)		(2	)
	Income from discontinued operations, net of income taxes	$	429		$	5
	The gain on the sale of the Centrifugal Compression business recognized during the three months ended March 31, 2015 was determined as follows (dollars in millions):
	Sales price	$	850
	Net assets sold, including estimated post-closing working capital adjustments		(160	)
	Transaction and other costs associated with the sale		(10	)
	Pre-tax gain		680
	Tax provision		(248	)
	Gain on sale	$	432

Asset_Impairment_Charges_and_O1

Asset Impairment Charges and Other Costs (Tables)	3 Months Ended
	Mar. 31, 2015
Asset Impairment Charges and Other Costs [Abstract]
Schedule of goodwill impairment and other costs	Asset impairment charges and other costs consisted of the following:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
	Asset impairment charges -
	Goodwill impairment	$	517		$	40
	Other long-lived asset impairments		36			–
	Total asset impairment charges	$	553		$	40
	Other costs (credits) -
	Mark-to-market impact on currency derivatives not designated as accounting hedges	$	12		$	–
	Gain from Venezuela currency devaluation		(4	)		–
	Acquisition and other integration costs		–			2
	Employee severance, restructuring and other costs		16			7
	Total other costs, net	$	24		$	9

Receivables_Tables

Receivables (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Receivables	Receivables consisted of the following:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Trade receivables	$	1,430		$	1,678
	Costs and estimated earnings in excess of billings on uncompleted contracts		615			621
	Other receivables		172			122
	Allowance for doubtful accounts		(39	)		(32	)
	Total receivables, net	$	2,178		$	2,389

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Inventories [Abstract]
Inventories	Inventories consisted of the following:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Raw materials	$	155		$	159
	Work-in-process		759			827
	Finished goods, including parts and subassemblies		2,237			2,150
	Other		23			24
	Gross inventories		3,174			3,160
	Excess of current standard costs over LIFO costs		(82	)		(86	)
	Allowances		(162	)		(145	)
	Total inventories, net	$	2,930		$	2,929

Plant_and_Equipment_and_Goodwi1

Plant and Equipment and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2015
Plant and Equipment and Goodwill [Abstract]
Plant and equipment	Plant and equipment consisted of the following:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Plant and equipment, at cost	$	3,460		$	3,580
	Accumulated depreciation		(1,630	)		(1,616	)
	Total plant and equipment, net	$	1,830		$	1,964
Changes in goodwill	Changes in goodwill during the three months ended March 31, 2014 were as follows (dollars in millions):
	Balance at December 31, 2014	$	2,461
	Impairment of goodwill (See Note 3)		(517	)
	Adjustments to the purchase price allocation for prior year acquisitions		(5	)
	Translation effect of currency changes		(81	)
	Balance at March 31, 2015	$	1,858

Accounts_Payable_and_Accrued_L1

Accounts Payable and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable and accrued liabilities	Accounts payable and accrued liabilities consisted of the following:
	(dollars in millions)	March 31,		December 31,
		2015		2014
	Trade accounts payable and accruals	$	677	$	1,084
	Advances from customers		1,429		1,576
	Other accruals		1,088		1,088
	Total accounts payable and accrued liabilities	$	3,194	$	3,748

Debt_Tables

Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt [Abstract]
Debt obligations	The Company's debt obligations were as follows:
	(dollars in millions)	March 31,			December 31,
		2015			2014
	Commercial paper (0.49% weighted average rate at December 31, 2014)	$	–		$	201
	Senior notes:
	1.15% notes due December 15, 2016		250			250
	1.4% notes due June 15, 2017		250			250
	6.375% notes due July 15, 2018		450			450
	4.5% notes due June 1, 2021		250			250
	3.6% notes due April 30, 2022		250			250
	4.0% notes due December 15, 2023		250			250
	3.7% notes due June 15, 2024		250			250
	7.0% notes due July 15, 2038		300			300
	5.95% notes due June 1, 2041		250			250
	5.125% notes due December 15, 2043		250			250
	Unamortized original issue discount		(7	)		(7	)
	Other debt		33			67
	Obligations under capital leases		68			71
	Total debt		2,844			3,082
	Less: current maturities		(31	)		(263	)
	Long-term maturities	$	2,813		$	2,819

Income_Taxes_Tables

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2015
Income Taxes [Abstract]
Components of effective tax rates	The Company's effective tax rate on income (loss) from continuing operations before income taxes for the first quarter of 2015 was a negative 16.3% compared to 29.0% for the first quarter of 2014.  The components of the effective tax rates for both periods were as follows:
		Three Months Ended March 31,
		2015						2014
	(dollars in millions)	Tax Provision			Tax Rate			Tax Provision			Tax Rate
	Provision (benefit) based on international income (loss) distribution	$	(75	)		23	%	$	37			23.9	%
	Adjustments to income tax provision (benefit):
	Asset impairments with no tax benefit		127			(39.2	)		10			6.4
	Finalization of prior year returns		–			–			(3	)		(1.9	)
	Accrual adjustments and other		1			(0.1	)		1			0.6
	Tax provision	$	53			(16.3	)%	$	45			29	%

Business_Segments_Tables

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2015
Business Segments [Abstract]
Summarized financial data by segment	Note 10: Business Segments
	The Company's operations are organized into four separate business segments – Subsea, Surface, Drilling and Valves and Measurement (V&M).  Summary financial data by segment follows:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
	Revenues:
	Subsea	$	631		$	681
	Surface		543			538
	Drilling		726			667
	V&M		428			500
	Elimination of intersegment revenues		(55	)		(57	)
	Total revenues	$	2,273		$	2,329
	Segment Income before Interest and Income Taxes:
	Subsea	$	57		$	29
	Surface		92			91
	Drilling		135			67
	V&M		45			98
	Elimination of intersegment earnings		(16	)		(12	)
	Segment income before interest and income taxes		313			273
	Corporate Items:
	Corporate expense		(23	)		(37	)
	Interest, net		(38	)		(32	)
	Asset impairment charges		(553	)		(40	)
	Other costs		(24	)		(9	)
	Consolidated income (loss) from continuing operations before income taxes	$	(325	)	$	155
	Corporate items include governance expenses associated with the Company's corporate office, as well as all of the Company's interest income and interest expense, goodwill and asset impairment charges, severance and restructuring expenses, the impact of currency devaluations, foreign currency gains and losses from certain derivative and intercompany lending activities managed by the Company's centralized treasury function and various other unusual or one-time costs that are not considered a component of segment operating income. Consolidated interest income and expense are treated as corporate items because cash equivalents, short-term investments and debt, including location, type, currency, etc., are managed on a worldwide basis by the corporate treasury department.

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings (Loss) Per Share [Abstract]
Calculation of basic and diluted earnings per share	The calculation of basic and diluted earnings (loss) per share for each period presented was as follows (dollars and shares in millions, except per share amounts):
		Three Months Ended
		March 31,
	(dollars and shares in millions, except per share amounts)	2015			2014
	Net income (loss) from continuing operations	$	(378	)	$	110
	Less: Net income attributable to noncontrolling interests		2			4
	Net income (loss) from continuing operations attributable to Cameron		(380	)		106
	Income from discontinued operations, net of taxes		429			5
	Net income attributable to Cameron stockholders	$	49		$	111
	Average shares outstanding (basic)		193			215
	Common stock equivalents		–			1
	Diluted shares		193			216
	Basic earnings (loss) per share attributable to Cameron stockholders:
	Continuing operations	$	(1.97	)	$	0.49
	Discontinued operations		2.22			0.02
	Basic earnings per share	$	0.25		$	0.51
	Diluted earnings (loss) per share attributable to Cameron stockholders:
	Continuing operations	$	(1.97	)	$	0.49
	Discontinued operations		2.22			0.02
	Diluted earnings per share	$	0.25		$	0.51
Schedule of treasury shares	Activity in the Company's treasury shares were as follows:
		Three Months Ended
		March 31,
		2015			2014
	Treasury shares at beginning of period		68,139,027			41,683,164
	Purchases of treasury shares		3,946,534			15,157,103
	Net change in treasury shares owned by participants in nonqualified deferred compensation plans		(133	)		39,762
	Treasury shares issued in satisfaction of stock option exercises and vesting of restricted stock units		(542,236	)		(770,393	)
	Treasury shares at end of period		71,543,192			56,109,636

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Abstract]
Rollforward of accumulated other comprehensive income (loss)	The changes in the components of accumulated other elements of comprehensive income (loss) for the three months ended March 31, 2015 and 2014 were as follows:
		Three Months Ended March 31, 2015
	(dollars in millions)	Accumulated Foreign Currency Translation			Prior Service Credits and Net Actuarial Losses			Accumulated Gain (Loss) on Cash Flow Hedge Derivatives			Total			Three Months Ended March 31, 2014
		Gain (Loss)
	Balance at beginning of  year	$	(428	)	$	(78	)	$	(34	)	$	(540	)	$	(80	)
	Other comprehensive income (loss) before reclassifications:
	Pre-tax		(197	)		–			(58	)		(255	)		16
	Tax effect		–			–			16			16			(3	)
	Amounts reclassified from accumulated other comprehensive income to:
	Revenues		–			–			11			11			(3	)
	Cost of sales		–			–			8			8			–
	Selling and administrative expense		–			–			–			–			–
	Tax effect		–			–			(5	)		(5	)		1
	Net current period other comprehensive income		(197	)		–			(28	)		(225	)		11
	Balance at end of period	$	(625	)	$	(78	)	$	(62	)	$	(765	)	$	(69	)

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value of Financial Instruments [Abstract]
Fair value of financial instruments	Following is a summary of the Company's financial instruments which have been valued at fair value in the Company's Consolidated Condensed Balance Sheets at March 31, 2015 and December 31, 2014:
		Fair Value Based on Quoted Prices in Active Markets for Identical Assets					Fair Value Based on Significant Other Observable Inputs						Total
		(Level 1)					(Level 2)
	(dollars in millions)	2015			2014		2015			2014			2015			2014
	Cash and cash equivalents:
	Cash	$	534		$	616	$	–		$	–		$	534		$	616
	Money market funds		665			842		–			–			665			842
	Commercial paper		–			–		55			13			55			13
	U.S. Treasury securities		7			5		–			–			7			5
	U.S. corporate obligations		23			4		–			–			23			4
	Non-U.S. bank and other obligations		25			33		–			–			25			33
	U.S. non-governmental agency asset-backed securities		–			–		13			–			13			–
	Short-term investments:
	Commercial paper		–			–		115			11			115			11
	U.S. Treasury securities		76			51		–			–			76			51
	U.S. corporate obligations		188			51		–			–			188			51
	U.S. non-governmental agency asset-backed securities		–			–		45			–			45			–
	Non-qualified plan assets:
	Money market funds		–			1		–			–			–			1
	Domestic bond funds		3			3		–			–			3			3
	Domestic equity funds		6			5		–			–			6			5
	International equity funds		3			3		–			–			3			3
	Blended equity funds		5			5		–			–			5			5
	Common stock		2			2		–			–			2			2
	Derivatives, net asset (liability):
	Foreign currency contracts		–			–		(119	)		(99	)		(119	)		(99	)
		$	1,537		$	1,621	$	109		$	(75	)	$	1,646		$	1,546
Open derivative contracts	Total gross volume bought (sold) by notional currency and maturity date on open derivative contracts at March 31, 2015 was as follows:
		Notional Amount - Buy											Notional Amount - Sell
	(amounts in millions)	2015			2016		2017			Total			2015			2016			Total
	Foreign exchange forward contracts -
	Notional currency in:
	Euro		236			14		–			250			(51	)		–			(51	)
	Malaysian ringgit		319			51		–			370			(47	)		–			(47	)
	Norwegian krone		580			184		4			768			(63	)		(54	)		(117	)
	Pound Sterling		150			9		–			159			(28	)		(1	)		(29	)
	U.S. dollar		61			–		–			61			(481	)		(137	)		(618	)
	Foreign exchange option contracts -
	Notional currency in:
	U.S. dollar		13			–		–			13			–			–			–
Fair values of derivative financial instruments	While the Company and its counterparties have the right to offset gains and losses on different derivative contracts under certain circumstances, the Company's policy is to record its derivative contracts on a gross basis.  The fair values of derivative financial instruments recorded in the Company's Consolidated Condensed Balance Sheets were as follows:
		31-Mar-15					31-Dec-14
	(dollars in millions)	Assets			Liabilities		Assets			Liabilities
	Derivatives designated as hedging instruments:
	Current	$	12		$	104	$	8		$	83
	Non-current		1			13		1			12
	Derivatives designated as hedges		13			117		9			95
	Derivatives not designated as hedging instruments:
	Current		–			15		1			14
	Non-current		–			–		–			–
	Derivatives not designated as hedges		–			15		1			14
	Total derivatives	$	13		$	132	$	10		$	109
Pre-tax gain (loss) from ineffective portion of derivatives	The amount of pre-tax gain (loss) from the ineffective portion of derivatives designated as hedging instruments and from derivatives not designated as hedging instruments was:
		Three Months Ended
		March 31,
	(dollars in millions)	2015			2014
	Derivatives designated as hedging instruments -
	Cost of sales	$	(3	)	$	1
	Derivatives not designated as hedging instruments -
	Cost of sales		(19	)		2
	Other costs		(12	)		–
		$	(34	)	$	3

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Results of Operations [Abstract]
Revenues	$0	$150
Cost of sales (excluding depreciation and amortization)	0	-110
All other costs	-5	-33
Gain on sale of Centrifugal Compression business	680	0
Income before income taxes	675	7
Income tax provision	-246	-2
Income from discontinued operations, net of income taxes	429	5
Gain on the sale [Abstract]
Sales price	850
Net assets sold, including estimated post-closing working capital adjustments	-160
Transaction and other costs associated with the sale	-10
Pre-tax gain	680	0
Tax provision	-248
Gain on sale	432
Centrifugal Compression business [Member]
Discontinued Operations [Line Items]
Cash consideration	$850

Asset_Impairment_Charges_and_O2

Asset Impairment Charges and Other Costs (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Asset Impairment Charges [Abstract]
Goodwill impairment	$517	$40
Other long-lived asset impairments	36	0
Asset Impairment Charges	553	40
Other costs (credits) [Abstract]
Mark-to-market impact on currency derivatives not designated as accounting hedges	12	0
Gain from Venezuela currency devaluation	-4	0
Acquisition and other integration costs	0	2
Employee severance, restructuring and other costs	16	7
Total other costs, net of credits	24	9
Operating Expenses [Abstract]
Rig count declined	42.00%
Goodwill	1,858		2,461
CPS [Member]
Operating Expenses [Abstract]
Goodwill	$53

Receivables_Details

Receivables (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Receivables [Abstract]
Trade receivables	$1,430	$1,678
Costs and estimated earnings in excess of billings on uncompleted contracts	615	621
Other receivables	172	122
Allowance for doubtful accounts	-39	-32
Total receivables	$2,178	$2,389

Inventories_Details

Inventories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Inventories [Abstract]
Raw materials	$155	$159
Work-in-process	759	827
Finished goods, including parts and subassemblies	2,237	2,150
Other	23	24
Gross inventories	3,174	3,160
Excess of current standard costs over LIFO costs	-82	-86
Allowances	-162	-145
Total inventories, net	$2,930	$2,929

Plant_and_Equipment_and_Goodwi2

Plant and Equipment and Goodwill (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Plant and Equipment and Goodwill [Abstract]
Plant and equipment, at cost	$3,460		$3,580
Accumulated depreciation	-1,630		-1,616
Total plant and equipment, net	1,830		1,964
Goodwill [Roll Forward]
Balance at beginning of the period	2,461
Impairment of goodwill (See Note 3)	-517	-40
Adjustments to the purchase price allocation for prior year acquisitions	-5
Translation effect of currency changes	-81
Balance at end of the period	$1,858

Accounts_Payable_and_Accrued_L2

Accounts Payable and Accrued Liabilities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Accounts Payable and Accrued Liabilities [Abstract]
Trade accounts payable and accruals	$677	$1,084
Advances from customers	1,429	1,576
Other accruals	1,088	1,088
Total accounts payable and accrued liabilities	$3,194	$3,748

Debt_Details

Debt (Details) (USD $)	3 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Apr. 11, 2014	Dec. 31, 2014	Mar. 31, 2014
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	$2,844		$3,082
Less: current maturities	-31		-263
Long-term maturities	2,813		2,819
Commercial Paper [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	0		201
Weighted average interest rate (in hundredths)			0.49%
Number of days in which commercial paper matures	364 days
Maximum borrowing capacity				500
Senior Notes Payable Due 2016 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	15-Dec-16
Interest rate (in hundredths)	1.15%
Senior Notes Payable Due 2017 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	15-Jun-17
Interest rate (in hundredths)	1.40%
Senior Notes Payable Due 2018 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	450		450
Maturity date	15-Jul-18
Interest rate (in hundredths)	6.38%
Senior Notes Payable Due 2021 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	1-Jun-21
Interest rate (in hundredths)	4.50%
Senior Notes Payable Due 2022 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	30-Apr-22
Interest rate (in hundredths)	3.60%
Senior Notes Payable Due 2023 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	15-Dec-23
Interest rate (in hundredths)	4.00%
Senior Notes Payable Due 2024 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	15-Jun-24
Interest rate (in hundredths)	3.70%
Senior Notes Payable Due 2038 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	300		300
Maturity date	15-Jul-38
Interest rate (in hundredths)	7.00%
Senior Notes Payable Due 2041 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	1-Jun-41
Interest rate (in hundredths)	5.95%
Senior Notes Payable Due 2043 [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	250		250
Maturity date	15-Dec-43
Interest rate (in hundredths)	5.13%
Senior Notes Payable [Member]
Debt Instrument [Line Items]
Unamortized original issue discount	-7		-7
Other Debt [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	33		67
Obligations Under Capital Leases [Member]
Debt Instrument [Line Items]
Principal outstanding, net of unamortized discount	68		71
Amended Line of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	835
Line of Credit Multi Currency [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	4	40
Remaining capacity under revolving line of credit facility	36
New Line of Credit Multi Currency [Member]
Debt Instrument [Line Items]
Maturity date		11-Apr-17
Letters of credit issued	45
Maximum borrowing capacity		750
Remaining capacity under revolving line of credit facility	705
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$200

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Tax Provision [Abstract]
Provision (benefit) based on international income (loss) distribution	($75)	$37
Adjustments to income tax provision [Abstract]
Asset impairments with no tax benefit	127	10
Finalization of prior year returns	0	-3
Accrual adjustments and other	1	1
Tax provision	$53	$45
Tax Rate [Abstract]
Provision (benefit) based on international income (loss) distribution (in hundredths)	23.00%	23.90%
Adjustments to income tax provision [Abstract]
Goodwill and other asset impairments with no tax benefit (in hundredths)	-39.20%	6.40%
Finalization of prior year returns (in hundredths)	0.00%	-1.90%
Accrual adjustments and other (in hundredths)	-0.10%	0.60%
Tax provision (in hundredths)	-16.30%	29.00%

Business_Segments_Details

Business Segments (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
	Segment
Business Segments [Abstract]
Number of business segments	4
Segment Reporting Information [Line Items]
Revenues	$2,273	$2,329
Goodwill impairment and other costs	553	40
Other costs	-24	-9
Consolidated income (loss) from continuing operations before income taxes	-325	155
Operating Segments [Member] | Subsea [Member]
Segment Reporting Information [Line Items]
Revenues	631	681
Segment Income before Interest and Income Taxes	57	29
Operating Segments [Member] | Surface [Member]
Segment Reporting Information [Line Items]
Revenues	543	538
Segment Income before Interest and Income Taxes	92	91
Operating Segments [Member] | Drilling [Member]
Segment Reporting Information [Line Items]
Revenues	726	667
Segment Income before Interest and Income Taxes	135	67
Operating Segments [Member] | V&M [Member]
Segment Reporting Information [Line Items]
Revenues	428	500
Segment Income before Interest and Income Taxes	45	98
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expense	-23	-37
Interest, net	-38	-32
Goodwill impairment and other costs	-553	-40
Other costs	-24	-9
Eliminations of intersegment earnings [Member]
Segment Reporting Information [Line Items]
Revenues	-55	-57
Segment Income before Interest and Income Taxes	-16	-12
Operating segments after intersegment earnings before corporate allocation [Member]
Segment Reporting Information [Line Items]
Segment Income before Interest and Income Taxes	$313	$273

Earnings_Loss_Per_Share_Detail

Earnings (Loss) Per Share (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings (Loss) Per Share [Abstract]
Net income (loss) from continuing operations	($378,000,000)	$110,000,000
Less: Net income attributable to noncontrolling interests	2,000,000	4,000,000
Net income (loss) from continuing operations attributable to Cameron	-380,000,000	106,000,000
Income from discontinued operations, net of taxes	429,000,000	5,000,000
Net income attributable to Cameron stockholders	49,000,000	111,000,000
Average shares outstanding (basic) (in shares)	193,000,000	215,000,000
Common stock equivalents (in shares)	0	1,000,000
Diluted shares (in shares)	193,000,000	216,000,000
Basic earnings (loss) per share attributable to Cameron stockholders [Abstract]
Continuing operations (in dollars per share)	($1.97)	$0.49
Discontinued operations (in dollars per share)	$2.22	$0.02
Basic earnings per share (in dollars per share)	$0.25	$0.51
Diluted earnings (loss) per share attributable to Cameron stockholders [Abstract]
Continuing operations (in dollars per share)	($1.97)	$0.49
Discontinued operations (in dollars per share)	$2.22	$0.02
Diluted earnings per share (in dollars per share)	$0.25	$0.51
Treasury Shares [Roll Forward]
Treasury shares at beginning of period (in shares)	68,139,027	41,683,164
Purchase of treasury shares (in shares)	3,946,534	15,157,103
Net change in treasury shares owned by participants in nonqualified deferred compensation plans (in shares)	-133	39,762
Treasury shares issued in satisfaction of stock option exercises and vesting of restricted stock units (in shares)	-542,236	-770,393
Treasury shares at end of period (in shares)	71,543,192	56,109,636
Average cost of treasury shares acquired (in dollars per share)	$45.31	$60.91
Stock repurchase, authorized amount	3,800,000,000
Remaining authority for future stock purchase	$298,000,000

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of year	($540)	($80)
Other comprehensive income (loss) before reclassifications [Abstract]
Pre-tax	-255	16
Tax effect	16	-3
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Revenues	2,273	2,329
Cost of sales	1,608	1,690
Selling and administrative expenses	286	318
Net current period other comprehensive income	-225	11
Balance at end of period	-765	-69
Other comprehensive loss associated with noncontrolling interest	65
Amounts reclassified from accumulated other comprehensive income to [Member]
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Revenues	11	-3
Cost of sales	8	0
Selling and administrative expenses	0	0
Tax effect	-5	1
Accumulated Foreign Currency Translation Gain (Loss) [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of year	-428
Other comprehensive income (loss) before reclassifications [Abstract]
Pre-tax	-197
Tax effect	0
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Net current period other comprehensive income	-197
Balance at end of period	-625
Accumulated Foreign Currency Translation Gain (Loss) [Member] | Amounts reclassified from accumulated other comprehensive income to [Member]
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Revenues	0
Cost of sales	0
Selling and administrative expenses	0
Tax effect	0
Prior Service Credits and Net Actuarial Losses [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of year	-78
Other comprehensive income (loss) before reclassifications [Abstract]
Pre-tax	0
Tax effect	0
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Net current period other comprehensive income	0
Balance at end of period	-78
Prior Service Credits and Net Actuarial Losses [Member] | Amounts reclassified from accumulated other comprehensive income to [Member]
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Revenues	0
Cost of sales	0
Selling and administrative expenses	0
Tax effect	0
Accumulated Gain (Loss) on Cash Flow Hedge Derivatives [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of year	-34
Other comprehensive income (loss) before reclassifications [Abstract]
Pre-tax	-58
Tax effect	16
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Net current period other comprehensive income	-28
Balance at end of period	-62
Accumulated Gain (Loss) on Cash Flow Hedge Derivatives [Member] | Amounts reclassified from accumulated other comprehensive income to [Member]
Amounts reclassified from accumulated other comprehensive income to [Abstract]
Revenues	11
Cost of sales	8
Selling and administrative expenses	0
Tax effect	($5)

Contingencies_Details

Contingencies (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
	Site
	Homeowner
	Country
Contingencies [Abstract]
Accrued liability for claims of other litigation	$18
Number of countries where company has legal entities	50
Customs duties, penalties and interest by the government of Brazil	40
Number of sites designated for cleanup under the Comprehensive Environmental Response Compensation and Liability Act or similar state law where Company is identified as a potentially responsible party	1
Number of homeowners covered by class action lawsuit settlement on contaminated underground water from Houston manufacturing site	190
Number of homeowners whose property is adjacent to the class area and may be affected by underground water contamination	39
Accrued liability for claims for contaminated underground water from Houston manufacturing site	7
Accrued environmental loss contingencies, noncurrent	$3

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Cash and cash equivalents [Abstract]
Cash	$534	$616
Money market funds	665	842
Commercial paper	55	13
U.S. treasury securities	7	5
U.S. corporate obligations	23	4
Non-U.S. bank and other obligations	25	33
U.S. non-governmental agency asset-backed securities	13	0
Short-term investments [Abstract]
Commercial paper	115	11
U.S. Treasury securities	76	51
U.S. corporate obligations	188	51
U.S. non-governmental agency asset-backed securities	45	0
Non-qualified plan assets [Abstract]
Money market funds	0	1
Domestic bond funds	3	3
Domestic equity funds	6	5
International equity funds	3	3
Blended equity funds	5	5
Common stock	2	2
Derivatives, net asset (liability) [Abstract]
Foreign currency contracts	-119	-99
Total financial instruments	1,646	1,546
Fair value of the fixed-rate debt	2,900	2,900
Face value of the fixed-rate debt	2,700	2,700
Fair Value Based on Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Cash and cash equivalents [Abstract]
Cash	534	616
Money market funds	665	842
Commercial paper	0	0
U.S. treasury securities	7	5
U.S. corporate obligations	23	4
Non-U.S. bank and other obligations	25	33
U.S. non-governmental agency asset-backed securities	0	0
Short-term investments [Abstract]
Commercial paper	0	0
U.S. Treasury securities	76	51
U.S. corporate obligations	188	51
U.S. non-governmental agency asset-backed securities	0	0
Non-qualified plan assets [Abstract]
Money market funds	0	1
Domestic bond funds	3	3
Domestic equity funds	6	5
International equity funds	3	3
Blended equity funds	5	5
Common stock	2	2
Derivatives, net asset (liability) [Abstract]
Foreign currency contracts	0	0
Total financial instruments	1,537	1,621
Fair Value Based on Significant Other Observable Inputs (Level 2) [Member]
Cash and cash equivalents [Abstract]
Cash	0	0
Money market funds	0	0
Commercial paper	55	13
U.S. treasury securities	0	0
U.S. corporate obligations	0	0
Non-U.S. bank and other obligations	0	0
U.S. non-governmental agency asset-backed securities	13	0
Short-term investments [Abstract]
Commercial paper	115	11
U.S. Treasury securities	0	0
U.S. corporate obligations	0	0
U.S. non-governmental agency asset-backed securities	45	0
Non-qualified plan assets [Abstract]
Money market funds	0	0
Domestic bond funds	0	0
Domestic equity funds	0	0
International equity funds	0	0
Blended equity funds	0	0
Common stock	0	0
Derivatives, net asset (liability) [Abstract]
Foreign currency contracts	-119	-99
Total financial instruments	$109	($75)

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments, Derivative Contracts (Details)

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

Mar. 31, 2015

In Millions, unless otherwise specified

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Forward Contracts [Member]

Foreign Exchange Option Contracts [Member]

Foreign Exchange Option Contracts [Member]

Foreign Exchange Option Contracts [Member]

Foreign Exchange Option Contracts [Member]

Foreign Exchange Option Contracts [Member]

Foreign Exchange Option Contracts [Member]

Foreign Exchange Option Contracts [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Sell [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Buy [Member]

Sell [Member]

Sell [Member]

Sell [Member]

USD ($)

EUR (€)

GBP (£)

MYR

NOK

2015 [Member]

2015 [Member]

2015 [Member]

2015 [Member]

2015 [Member]

2016 [Member]

2016 [Member]

2016 [Member]

2016 [Member]

2016 [Member]

2017 [Member]

2017 [Member]

2017 [Member]

2017 [Member]

2017 [Member]

USD ($)

EUR (€)

GBP (£)

MYR

NOK

2015 [Member]

2015 [Member]

2015 [Member]

2015 [Member]

2015 [Member]

2016 [Member]

2016 [Member]

2016 [Member]

2016 [Member]

2016 [Member]

USD ($)

2015 [Member]

2016 [Member]

2017 [Member]

USD ($)

2015 [Member]

2016 [Member]

USD ($)

EUR (€)

GBP (£)

MYR

NOK

USD ($)

EUR (€)

GBP (£)

MYR

NOK

USD ($)

EUR (€)

GBP (£)

MYR

NOK

USD ($)

EUR (€)

GBP (£)

MYR

NOK

USD ($)

EUR (€)

GBP (£)

MYR

NOK

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Derivative [Line Items]

Notional Amount

$61

€ 250

£ 159

370

768

$61

€ 236

£ 150

319

580

$0

€ 14

£ 9

51

184

$0

€ 0

£ 0

0

4

($618)

-€ 51

£ (29)

-47

-117

($481)

-€ 51

£ (28)

-47

-63

($137)

€ 0

£ (1)

0

-54

$13

$13

$0

$0

$0

$0

$0

Fair_Value_of_Financial_Instru4

Fair Value of Financial Instruments, Balance Sheet Classification (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Derivatives, Fair Value [Line Items]
Assets	$13	$10
Liabilities	132	109
Derivatives Designated as Hedges Instruments [Member]
Derivatives, Fair Value [Line Items]
Assets	13	9
Liabilities	117	95
Derivatives Designated as Hedges Instruments [Member] | Current Assets [Member]
Derivatives, Fair Value [Line Items]
Assets	12	8
Derivatives Designated as Hedges Instruments [Member] | Non-Current Assets [Member]
Derivatives, Fair Value [Line Items]
Assets	1	1
Derivatives Designated as Hedges Instruments [Member] | Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liabilities	104	83
Derivatives Designated as Hedges Instruments [Member] | Non-Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liabilities	13	12
Derivatives not Designated as Hedges Instruments [Member]
Derivatives, Fair Value [Line Items]
Assets	0	1
Liabilities	15	14
Derivatives not Designated as Hedges Instruments [Member] | Current Assets [Member]
Derivatives, Fair Value [Line Items]
Assets	0	1
Derivatives not Designated as Hedges Instruments [Member] | Non-Current Assets [Member]
Derivatives, Fair Value [Line Items]
Assets	0	0
Derivatives not Designated as Hedges Instruments [Member] | Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liabilities	15	14
Derivatives not Designated as Hedges Instruments [Member] | Non-Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liabilities	$0	$0

Fair_Value_of_Financial_Instru5

Fair Value of Financial Instruments-Derivative Instruments, Gain (Loss) by Hedging Relationship, Income Statement Location (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Total pre-tax gain (loss)	($34)	$3
Cost of Sales [Member] | Derivatives Designated as Hedges Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total pre-tax gain (loss)	-3	1
Cost of Sales [Member] | Derivatives not Designated as Hedges Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total pre-tax gain (loss)	-19	2
Other Costs [Member] | Derivatives not Designated as Hedges Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total pre-tax gain (loss)	($12)	$0