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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2016	Jul. 21, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	BAKER HUGHES INC
Entity Central Index Key	0000808362
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		427,901,413

Consolidated Condensed Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Sales	$ 954	$ 1,431	$ 1,967	$ 2,959
Services	1,454	2,537	3,111	5,603
Total revenue	2,408	3,968	5,078	8,562
Costs and expenses:
Cost of sales	1,182	1,220	2,126	2,565
Cost of services	1,930	2,364	3,644	5,361
Research and engineering	99	118	201	256
Marketing, general and administrative	222	264	429	551
Impairment and restructuring charges	1,126	76	1,286	649
Goodwill impairment	1,841	0	1,841	0
Merger and related costs	78	83	180	111
Merger termination fee	(3,500)	0	(3,500)	0
Litigation settlements	0	(13)	0	(13)
Total costs and expenses	2,978	4,112	6,207	9,480
Operating loss	(570)	(144)	(1,129)	(918)
Loss on early extinguishment of debt	(142)	0	(142)	0
Interest expense, net	(48)	(53)	(103)	(107)
Loss before income taxes	(760)	(197)	(1,374)	(1,025)
Income taxes	(152)	7	(519)	242
Net loss	(912)	(190)	(1,893)	(783)
Net loss attributable to noncontrolling interests	1	2	1	6
Net loss attributable to Baker Hughes	$ (911)	$ (188)	$ (1,892)	$ (777)
Basic and diluted loss per share attributable to Baker Hughes	$ (2.08)	$ (0.43)	$ (4.30)	$ (1.77)
Cash dividends per share	$ 0.17	$ 0.17	$ 0.34	$ 0.34

Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (912)	$ (190)	$ (1,893)	$ (783)
Other comprehensive income (loss):
Foreign currency translation adjustments during the period	(25)	81	40	(91)
Pension and other postretirement benefits, net of tax	12	(6)	14	1
Other comprehensive income (loss)	(13)	75	54	(90)
Comprehensive loss	(925)	(115)	(1,839)	(873)
Comprehensive loss attributable to noncontrolling interests	1	2	1	6
Comprehensive loss attributable to Baker Hughes	$ (924)	$ (113)	$ (1,838)	$ (867)

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,910	$ 2,324
Accounts receivable - less allowance for doubtful accounts (2016 - $573; 2015 - $383)	2,262	3,217
Inventories, net	1,992	2,917
Deferred income taxes	196	301
Other current assets	1,039	509
Total current assets	9,399	9,268
Property, plant and equipment - less accumulated depreciation (2016 - $7,269; 2015 - $7,378)	5,229	6,693
Goodwill	4,233	6,070
Intangible assets, net	439	583
Other assets	1,019	1,466
Total assets	20,319	24,080
Current liabilities:
Accounts payable	1,023	1,409
Short-term debt and current portion of long-term debt	139	151
Accrued employee compensation	460	690
Income taxes payable	175	55
Other accrued liabilities	541	470
Total current liabilities	2,338	2,775
Long-term debt	2,887	3,890
Deferred income taxes and other tax liabilities	352	252
Liabilities for pensions and other postretirement benefits	651	646
Other liabilities	125	135
Commitments and contingencies
Equity:
Common stock	428	437
Capital in excess of par value	6,853	7,261
Retained earnings	7,574	9,614
Accumulated other comprehensive loss	(951)	(1,005)
Treasury stock	(21)	(9)
Baker Hughes stockholders’ equity	13,883	16,298
Noncontrolling interests	83	84
Total equity	13,966	16,382
Total liabilities and equity	$ 20,319	$ 24,080

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 573	$ 383
Accumulated depreciation	$ 7,269	$ 7,378

Consolidated Condensed 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
Balance at Dec. 31, 2014	$ 18,730	$ 434	$ 7,062	$ 11,878	$ (749)	$ 0	$ 105
Comprehensive loss:
Net loss	(783)			(777)			(6)
Other comprehensive income	(90)				(90)
Activity related to stock plans	48	2	54			(8)
Stock-based compensation	63		63
Cash dividends	(148)			(148)
Net activity related to noncontrolling interests	(23)		(24)				1
Balance at Jun. 30, 2015	17,797	436	7,155	10,953	(839)	(8)	100
Balance at Dec. 31, 2015	16,382	437	7,261	9,614	(1,005)	(9)	84
Comprehensive loss:
Net loss	(1,893)			(1,892)			(1)
Other comprehensive income	54				54
Activity related to stock plans	3	2	13			(12)
Repurchase and retirement of common stock	(500)	(11)	(489)
Stock-based compensation	68		68
Cash dividends	(148)			(148)
Balance at Jun. 30, 2016	$ 13,966	$ 428	$ 6,853	$ 7,574	$ (951)	$ (21)	$ 83

Consolidated Condensed Statements of Changes in Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividends per share	$ 0.17	$ 0.17	$ 0.34	$ 0.34

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (1,893)	$ (783)
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization	659	894
Impairment of assets	1,055	265
Goodwill impairment	1,841	0
Inventory write-down	587	194
Loss on early extinguishment of debt	142	0
Provision (benefit) for deferred income taxes	238	(366)
Provision for doubtful accounts	215	116
Other noncash items	(23)	(10)
Changes in operating assets and liabilities:
Accounts receivable	742	1,590
Inventories	347	313
Accounts payable	(385)	(1,000)
Other operating items, net	(47)	(376)
Net cash flows provided by operating activities	3,478	837
Cash flows from investing activities:
Expenditures for capital assets	(156)	(573)
Proceeds from disposal of assets	139	171
Proceeds from maturities of investment securities	204	0
Purchases of investment securities	(276)	0
Other investing items, net	0	(11)
Net cash flows used in investing activities	(89)	(413)
Cash flows from financing activities:
Net repayments of short-term debt and other borrowings	(36)	(64)
Repayment of long-term debt	(1,135)	0
Repurchase of common stock	(500)	0
Dividends paid	(148)	(148)
Other financing items, net	14	25
Net cash flows used in financing activities	(1,805)	(187)
Effect of foreign exchange rate changes on cash and cash equivalents	2	(4)
Increase in cash and cash equivalents	1,586	233
Cash and cash equivalents, beginning of period	2,324	1,740
Cash and cash equivalents, end of period	3,910	1,973
Supplemental cash flows disclosures:
Income taxes paid, net of refunds	213	306
Interest paid	129	122
Supplemental disclosure of noncash investing activities:
Capital expenditures included in accounts payable	$ 22	$ 100

Halliburton Merger Agreement (Notes)	6 Months Ended
Halliburton Merger Agreement (Notes)	Jun. 30, 2016
Business Combinations [Abstract]
Halliburton Merger Agreement	HALLIBURTON 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 $78 million and $83 million for the three months ended June 30, 2016 and 2015, respectively, and $180 million and $111 million for the six months ended June 30, 2016 and 2015, respectively, including costs under our retention programs and obligations for minimum incentive compensation costs which, based on meeting eligibility criteria, have been treated as merger and related expenses.

Summary of Significant Accounting Policies - (Notes)	6 Months Ended
Summary of Significant Accounting Policies - (Notes)	Jun. 30, 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 for drilling, formation evaluation, completion and production, pressure pumping, and reservoir development in the worldwide oil and natural gas industry. We also provide products and services for other businesses including downstream chemicals, and process and pipeline services. Basis of Presentation Our unaudited consolidated condensed financial statements included herein have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States of America ("U.S.") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial information. Accordingly, certain information and disclosures normally included in our annual financial statements have been condensed or omitted. These unaudited consolidated condensed financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K/A for the year ended December 31, 2015. We believe the unaudited consolidated condensed financial statements included herein reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the interim periods. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. In the Notes to Unaudited Consolidated Condensed Financial Statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated. Beginning in 2016, all merger and related costs are presented as a separate line item in the consolidated condensed statement of income (loss). Prior year merger and related costs were reclassified to conform to the current year presentation. 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 adopted this guidance as of January 1, 2016 because we believe this approach will reduce the complexity in the subsequent measurement of our inventory. 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 retrospectively. Early adoption is permitted. We have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures. 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 may be applied either prospectively or retrospectively. We have not completed an evaluation of the impact the pronouncement will have on 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 have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures. 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 not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures.

Impairment and Restructuring Charges - (Notes)

6 Months Ended

Jun. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Other 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 continues at low levels, thus continuing lower demand for our products and services. We consider our customers' constrained capital spending budgets for 2016 and the current outlook for low activity levels to be impairment indicators and accordingly continue to evaluate our long-lived assets for impairment.

As a result of our impairment testing in the second quarter of 2016, certain machinery and equipment, with a total carrying value of $754 million, was written down to its estimated fair value, resulting in an impairment charge of $240 million. These assets remain in use. Additionally, certain intangible assets, with a total carrying value of $174 million, were written down to their estimated fair values, resulting in an impairment charge of $89 million. Total impairment charges for the three and six months ended June 30, 2016 were $329 million and $447 million, respectively. The majority of the impaired machinery and equipment and intangible assets related to our pressure pumping business in North America, Middle East and Asia Pacific. 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 of 10.0% for North America, 14.0% for Middle East and 13.5% for Asia Pacific.

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. Depending on future market conditions and activity levels, further actions may be necessary to adjust our operations, which may result in additional charges.

During the three and six months ended June 30, 2016 and 2015, we recorded restructuring charges as summarized below:



	Three Months Ended					Six Months Ended
Restructuring Charges	June 30, 2016		June 30, 2015			June 30, 2016		June 30, 2015
Workforce reductions	$	98	$	61		$	145	$	308
Contract terminations	91		(3		)	91		83
Impairment of buildings and improvements	110		5			105		82
Impairment of machinery and equipment	498		13			498		176
Total restructuring charges	$	797	$	76		$	839	$	649

Workforce reduction costs: During the second quarter of 2016, we initiated workforce reductions that will result in the elimination of approximately 3,000 additional positions worldwide and recorded a charge for severance expense of $98 million. As of June 30, 2016, we had $66 million of accrued severance. We expect that substantially all of the accrued severance will be paid by the end of 2016.

Contract termination costs: During the second quarter of 2016, we canceled a supply contract and certain equipment leases and recorded a charge of $91 million. During the same period, we made payments totaling $54 million relating to contract termination costs. As of June 30, 2016, we had accrued contract termination costs of $47 million.

Impairment of buildings and improvements: During the second quarter of 2016, we consolidated and closed certain facilities and recorded related impairment charges of $110 million in North America. These facilities have been taken out of service and will be disposed.

Impairment of machinery and equipment: During 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 $498 million 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 - $97 million; Europe/Africa/Russia Caspian - $84 million; Middle East/Asia Pacific - $76 million; and Industrial Services - $38 million. We are disposing of all excess machinery and equipment and expect to be substantially complete by the end of the third quarter of 2016.

OTHER CHARGES

During the second quarter of 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 $621 million, including $34 million of disposal costs, of which $205 million is reported in cost of sales and $416 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 - $209 million; Latin America - $88 million; Europe/Africa/Russia Caspian - $152 million; Middle East/Asia Pacific - $125 million; and Industrial Services - $47 million. We are disposing of the excess inventory, and we expect to be substantially complete by the end of the third quarter of 2016. During the first six months of 2015, we 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 product lines impacted were primarily pressure pumping and drilling and completion fluids.

The second quarter of 2016 was benefited by a reversal of a loss on a firm purchase commitment of $51 million that was recorded in cost of service in the first quarter of 2016 as the contract was settled in the second quarter of 2016.

Segment Information - (Notes)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We are a supplier of oilfield services, products, technology and systems used in 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 and certain gains and losses, including impairment and restructuring charges, goodwill impairment charges and the merger termination fee, not allocated to the operating segments.

Beginning in 2016, we excluded merger and related costs from our operating segments. These costs are now presented as a separate line item in the consolidated condensed statement of income (loss). Prior year merger and related costs have been reclassified to conform to the current year presentation.

Summarized financial information is shown in the following tables:



	Three Months Ended					Three Months Ended
	June 30, 2016					June 30, 2015
Segments	Revenue		Operating Profit (Loss) Before Tax			Revenue		Operating Profit (Loss) Before Tax
North America	$	668	$	(311	)	$	1,498	$	(150	)
Latin America	235		(243		)	439		45
Europe/Africa/Russia Caspian	581		(257		)	869		57
Middle East/Asia Pacific	651		(142		)	856		60
Industrial Services	273		(43		)	306		32
Total Operations	2,408		(996		)	3,968		44
Corporate	—		(29		)	—		(42		)
Loss on early extinguishment of debt	—		(142		)	—		—
Interest expense, net	—		(48		)	—		(53		)
Impairment and restructuring charges	—		(1,126		)	—		(76		)
Goodwill impairment	—		(1,841		)	—		—
Merger and related costs	—		(78		)	—		(83		)
Merger termination fee	—		3,500			—		—
Litigation settlements	—		—			—		13
Total	$	2,408	$	(760	)	$	3,968	$	(197	)



	Six Months Ended					Six Months Ended
	June 30, 2016					June 30, 2015
Segments	Revenue		Operating Profit (Loss) Before Tax			Revenue		Operating Profit (Loss) Before Tax
North America	$	1,487	$	(536	)	$	3,504	$	(359	)
Latin America	512		(309		)	932		78
Europe/Africa/Russia Caspian	1,192		(276		)	1,764		37
Middle East/Asia Pacific	1,369		(93		)	1,772		122
Industrial Services	518		(47		)	590		42
Total Operations	5,078		(1,261		)	8,562		(80		)
Corporate	—		(61		)	—		(91		)
Loss on early extinguishment of debt	—		(142		)	—		—
Interest expense, net	—		(103		)	—		(107		)
Impairment and restructuring charges	—		(1,286		)	—		(649		)
Goodwill impairment	—		(1,841		)	—		—
Merger and related costs	—		(180		)	—		(111		)
Merger termination fee	—		3,500			—		—
Litigation settlements	—		—			—		13
Total	$	5,078	$	(1,374	)	$	8,562	$	(1,025	)

The following table presents total assets by segment at June 30, 2016 and December 31, 2015:



	June 30, 2016		December 31, 2015
Segments	Assets		Assets
North America	$	3,745	$	6,599
Latin America	1,690		2,323
Europe/Africa/Russia Caspian	2,589		3,077
Middle East/Asia Pacific	2,870		3,441
Industrial Services	683		1,106
Shared assets	5,332		5,613
Total Operations	16,909		22,159
Corporate	3,410		1,921
Total	$	20,319	$	24,080

Shared assets consist primarily of the assets carried at the enterprise level and include 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, and certain other noncurrent assets.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

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-Topic 280
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Income Taxes - (Notes)	6 Months Ended
Income Taxes - (Notes)	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES For the three months ended June 30, 2016, total income tax expense was $152 million on a loss before income taxes of $760 million, resulting in a negative effective tax rate of 20.0%. The negative effective tax rate is driven primarily by the $1.84 billion goodwill impairment with a tax benefit of $76 million due to a significant portion of the goodwill having no tax basis. Also, the impairment and restructuring charges totaling $1.13 billion along with $621 million of charges to write off and dispose of certain excess inventory resulted in $290 million of tax benefit due primarily to valuation allowances provided in certain jurisdictions. These negative rate drivers were partially offset by the reversal of approximately $460 million of valuation allowances for certain tax credit carryforwards that will be utilized as a result of receiving the $3.5 billion termination fee which represents U.S. taxable income. As a consequence of receiving the $3.5 billion termination fee, we no longer expect to have a U.S. net operating loss ("NOL") in 2016. However, we still intend to carryback the 2015 NOL to prior tax years. As a result, a $409 million current income tax receivable is reflected on the balance sheet as of June 30, 2016.

Earnings Per Share - (Notes)

6 Months Ended

Jun. 30, 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 per share computations is as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Weighted average common shares outstanding for basic and diluted loss per share	438	438	440	438

Anti-dilutive shares excluded from diluted loss per share ⁽¹⁾	1	2	1	2
Future potentially dilutive shares excluded from diluted loss per share ⁽²⁾	6	2	7	2


⁽¹⁾	The calculation of diluted loss per share for both the three and six months ended June 30, 2016 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 - (Notes)

6 Months Ended

Jun. 30, 2016

Inventory, Net [Abstract]

Inventories

INVENTORIES

Inventories, net of reserves of $78 million at June 30, 2016 and $278 million at December 31, 2015, are comprised of the following:



	June 30, 2016		December 31, 2015
Finished goods	$	1,749	$	2,649
Work in process	121		132
Raw materials	122		136
Total inventories	$	1,992	$	2,917

In the first six months of 2016, we wrote off the carrying value of certain excess inventory resulting in a charge of $587 million, net of existing reserves of $262 million. In addition, we accrued $34 million of related disposal costs. See Note 3. "Impairment and Restructuring Charges" for further discussion. We are disposing of the excess inventory, and we expect to be substantially complete by the end of the third quarter of 2016.

Property, Plant and Equipment (Notes)

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are comprised of the following at June 30, 2016 and December 31, 2015:



	Useful Life	June 30, 2016		December 31, 2015
Land		$	246	$	263
Buildings and improvements	5 - 30 years	2,514		2,624
Machinery, equipment and other	1 - 20 years	9,738		11,184
Subtotal		12,498		14,071
Less: Accumulated depreciation		7,269		7,378
Total property, plant and equipment		$	5,229	$	6,693

During the first six months of 2016, we recorded impairment charges relating to property, plant and equipment totaling approximately $949 million. See Note 3. "Impairment and Restructuring Charges" for further discussion.

Goodwill and Intangible Assets - (Notes)

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

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	(1,530		)	—		—			—		(311		)	(1,841		)
Currency translation adjustments	2			3		(1		)	—		—			4
Balance at June 30, 2016	$	1,569		$	587	$	1,067		$	819	$	191		$	4,233

Goodwill is tested annually for impairment as of October 1 of each year or sooner 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 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, we determined that goodwill of two of our reporting units was impaired and recorded an estimate of the goodwill impairment loss of $1.84 billion, which consisted of $1.53 billion for the North America segment and $311 million for the Industrial Services segment. While we have substantially completed all actions necessary in the determination of the implied fair value of goodwill, some of the estimated fair values and allocations are subject to adjustment once the valuations and other computations are completed. We will finalize these items and record any required adjustments as we obtain the information necessary to complete the analysis, which we expect to occur in the third quarter of 2016. 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:



	June 30, 2016						December 31, 2015
	Gross Carrying Amount		Less: Accumulated Amortization		Net		Gross Carrying Amount		Less: Accumulated Amortization		Net
Technology	$	793	$	426	$	367	$	866	$	452	$	414
Customer relationships	94		38		56		251		106		145
Trade names	96		83		13		108		89		19
Other	16		13		3		18		13		5
Total intangible assets	$	999	$	560	$	439	$	1,243	$	660	$	583

During the first six months of 2016, we recorded impairments relating to various intangible assets totaling $101 million. See Note 3. "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 three and six months ended June 30, 2016 was $20 million and $42 million, respectively, as compared to $25 million and $51 million reported in 2015 for the same periods.

Amortization expense of these intangibles over the remainder of 2016 and for each of the subsequent five fiscal years is expected to be as follows:



Year	Estimated Amortization Expense
Remainder of 2016	$	34
2017	67
2018	62
2019	59
2020	50
2021	44

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Indebtedness - (Notes)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Indebtedness

INDEBTEDNESS

Total debt consisted of the following at June 30, 2016, net of unamortized discount and debt issuance cost:



	June 30, 2016		December 31, 2015
6.0% Notes due June 2018	$	200	$	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	302		394
5.125% Notes due September 2040	1,132		1,482
Other debt	245		268
Total debt	3,026		4,041
Less: short-term debt and current portion of long-term debt	139		151
Total long-term debt	$	2,887	$	3,890

The estimated fair value of total debt at June 30, 2016 and December 31, 2015 was $3,431 million and $4,321 million, respectively, which differs from the carrying amounts of $3,026 million and $4,041 million, respectively, included in our unaudited consolidated condensed 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.

At June 30, 2016, we had a committed revolving credit facility ("credit facility") with commercial banks and a related commercial paper program under which the maximum combined borrowing at any time under both the credit facility and the commercial paper program was $2.5 billion. The credit facility had a maturity date in September 2016. There were no direct borrowings under the credit facility during the first six months of 2016, and we were in compliance with all of the credit facility's covenants. 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 would be reduced by the amount of any commercial paper outstanding. At June 30, 2016, we had no borrowings outstanding under the commercial paper program.

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 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.

Financial Instruments - (Notes)	6 Months Ended
Financial Instruments - (Notes)	Jun. 30, 2016
Fair Value Disclosures [Abstract]
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 June 30, 2016 and December 31, 2015 approximates their carrying value as reflected in our unaudited consolidated condensed balance sheets. For further information on the fair value of our debt, see Note 10. "Indebtedness."

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Employee Benefit Plans - (Notes)

6 Months Ended

Jun. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Employee Benefits Plans

EMPLOYEE BENEFIT PLANS

We have both funded and unfunded noncontributory defined benefit pension plans ("Pension Benefits") covering certain employees primarily in the U.S., the United Kingdom, Germany and Canada. We also provide certain postretirement health care benefits ("Other Postretirement Benefits"), through an unfunded plan, to a closed group of U.S. employees who, when they retire, have met certain age and service requirements.

The components of net periodic cost (benefit) are as follows for the three months ended June 30:



	U.S. Pension Benefits						Non-U.S. Pension Benefits						Other Postretirement Benefits
	2016			2015			2016			2015			2016			2015
Service cost	$	13		$	16		$	3		$	4		$	1		$	1
Interest cost	7			7			7			8			1			1
Expected return on plan assets	(10		)	(12		)	(9		)	(12		)	—			—
Amortization of prior service credit	—			—			—			—			(2		)	(3		)
Amortization of net actuarial loss	2			2			2			1			—			1
Net periodic cost (benefit)	$	12		$	13		$	3		$	1		$	—		$	—

The components of net periodic cost (benefit) are as follows for the six months ended June 30:



	U.S. Pension Benefits						Non-U.S. Pension Benefits						Other Postretirement Benefits
	2016			2015			2016			2015			2016			2015
Service cost	$	26		$	34		$	7		$	8		$	2		$	2
Interest cost	14			14			14			16			2			2
Expected return on plan assets	(20		)	(25		)	(18		)	(24		)	—			—
Amortization of prior service credit	—			—			—			—			(4		)	(6		)
Amortization of net actuarial loss	5			4			3			2			—			2
Curtailment gain	—			—			—			—			—			(9		)
Net periodic cost (benefit)	$	25		$	27		$	6		$	2		$	—		$	(9	)

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. During the six months ended June 30, 2016, we contributed approximately $24 million to our defined benefit and other postretirement plans. We expect to contribute between $38 million and $42 million to our funded and unfunded pension plans and to make payments of between $7 million and $8 million related to other postretirement benefits for the remainder of 2016.

We contributed approximately $65 million to our defined contribution plans during the six months ended June 30, 2016. Effective April 2016, employer contributions to certain plans were suspended indefinitely. We estimate we will contribute between $23 million and $25 million to other defined contribution plans for the remainder of 2016.

Commitments and Contingencies - (Notes)

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

LITIGATION

We are subject to a number of lawsuits and claims arising out of the conduct of our business. The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. We record a liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated, including accruals for self-insured losses which are calculated based on historical claim data, specific loss development factors and other information. A range of total possible losses for all litigation matters cannot be reasonably estimated. Based on a consideration of all relevant facts and circumstances, we do not expect the ultimate outcome of any currently pending lawsuits or claims against us will have a material adverse effect on our financial position, results of operations or cash flows; however, there can be no assurance as to the ultimate outcome of these matters.

We insure against risks arising from our business to the extent deemed prudent by our management and to the extent insurance is available, but no assurance can be given that the nature and amount of that insurance will be sufficient to fully indemnify us against liabilities arising out of pending or future legal proceedings or other claims. Most of our insurance policies contain deductibles or self-insured retentions in amounts we deem prudent and for which we are responsible for payment. In determining the amount of self-insurance, it is our policy to self-insure those losses that are predictable, measurable and recurring in nature, such as claims for automobile liability, general liability and workers compensation.

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 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 9, 2014, our subsidiary 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). The customer alleges damages of approximately $170 million plus interest at an annual rate of prime + 5%. The hearing before the arbitration panel is scheduled to commence on January 16, 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 has 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. Investigation is ongoing as to the merits of the claim. At this time, we are not able to predict the outcome of this claim or whether it will 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. 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 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.

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 $1.1 billion at June 30, 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 financial position, results of operations or cash flows.

Accumulated Other Comprehensive Loss - (Notes)

6 Months Ended

Jun. 30, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present the changes in accumulated other comprehensive loss, net of tax:



	Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss
Balance at December 31, 2015		$	(261	)		$	(744	)		$	(1,005	)
Other comprehensive income before reclassifications		11				40				51
Amounts reclassified from accumulated other comprehensive loss		4				—				4
Deferred taxes		(1		)		—				(1		)
Balance at June 30, 2016		$	(247	)		$	(704	)		$	(951	)



	Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss
Balance at December 31, 2014		$	(246	)		$	(503	)		$	(749	)
Other comprehensive income (loss) before reclassifications		5				(91		)		(86		)
Amounts reclassified from accumulated other comprehensive loss		(7		)		—				(7		)
Deferred taxes		3				—				3
Balance at June 30, 2015		$	(245	)		$	(594	)		$	(839	)

The amounts reclassified from accumulated other comprehensive loss during the six months ended June 30, 2016 and 2015 represent the amortization of prior service credit, net actuarial loss, curtailment gain and certain other items which are included in the computation of net periodic cost (benefit). See Note 12. "Employee Benefit Plans" for additional details. Net periodic cost (benefit) is recorded in cost of sales and services, research and engineering, and marketing, general and administrative expenses.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Summary of Significant Accounting Policies - (Policies)	6 Months Ended
Summary of Significant Accounting Policies - (Policies)	Jun. 30, 2016
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Baker Hughes Incorporated ("Baker Hughes," "Company," "we," "our," or "us,") is a leading supplier of oilfield services, products, technology and systems used for drilling, formation evaluation, completion and production, pressure pumping, and reservoir development in the worldwide oil and natural gas industry. We also provide products and services for other businesses including downstream chemicals, and process and pipeline services.
Basis of Presentation	Basis of Presentation Our unaudited consolidated condensed financial statements included herein have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States of America ("U.S.") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial information. Accordingly, certain information and disclosures normally included in our annual financial statements have been condensed or omitted. These unaudited consolidated condensed financial statements should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K/A for the year ended December 31, 2015. We believe the unaudited consolidated condensed financial statements included herein reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the interim periods. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. In the Notes to Unaudited Consolidated Condensed Financial Statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated. Beginning in 2016, all merger and related costs are presented as a separate line item in the consolidated condensed statement of income (loss). Prior year merger and related costs were reclassified to conform to the current year presentation.
New Accounting Standards Updates	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 adopted this guidance as of January 1, 2016 because we believe this approach will reduce the complexity in the subsequent measurement of our inventory. 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 retrospectively. Early adoption is permitted. We have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures. 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 may be applied either prospectively or retrospectively. We have not completed an evaluation of the impact the pronouncement will have on 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 have not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures. 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 not completed an evaluation of the impact the pronouncement will have on our consolidated financial statements and related disclosures.

Impairment and Restructuring Charges - (Tables)

6 Months Ended

Jun. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

During the three and six months ended June 30, 2016 and 2015, we recorded restructuring charges as summarized below:



	Three Months Ended					Six Months Ended
Restructuring Charges	June 30, 2016		June 30, 2015			June 30, 2016		June 30, 2015
Workforce reductions	$	98	$	61		$	145	$	308
Contract terminations	91		(3		)	91		83
Impairment of buildings and improvements	110		5			105		82
Impairment of machinery and equipment	498		13			498		176
Total restructuring charges	$	797	$	76		$	839	$	649

Segment Information - (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting Information [Line Items]

Summarized financial information

Summarized financial information is shown in the following tables:



	Three Months Ended					Three Months Ended
	June 30, 2016					June 30, 2015
Segments	Revenue		Operating Profit (Loss) Before Tax			Revenue		Operating Profit (Loss) Before Tax
North America	$	668	$	(311	)	$	1,498	$	(150	)
Latin America	235		(243		)	439		45
Europe/Africa/Russia Caspian	581		(257		)	869		57
Middle East/Asia Pacific	651		(142		)	856		60
Industrial Services	273		(43		)	306		32
Total Operations	2,408		(996		)	3,968		44
Corporate	—		(29		)	—		(42		)
Loss on early extinguishment of debt	—		(142		)	—		—
Interest expense, net	—		(48		)	—		(53		)
Impairment and restructuring charges	—		(1,126		)	—		(76		)
Goodwill impairment	—		(1,841		)	—		—
Merger and related costs	—		(78		)	—		(83		)
Merger termination fee	—		3,500			—		—
Litigation settlements	—		—			—		13
Total	$	2,408	$	(760	)	$	3,968	$	(197	)



	Six Months Ended					Six Months Ended
	June 30, 2016					June 30, 2015
Segments	Revenue		Operating Profit (Loss) Before Tax			Revenue		Operating Profit (Loss) Before Tax
North America	$	1,487	$	(536	)	$	3,504	$	(359	)
Latin America	512		(309		)	932		78
Europe/Africa/Russia Caspian	1,192		(276		)	1,764		37
Middle East/Asia Pacific	1,369		(93		)	1,772		122
Industrial Services	518		(47		)	590		42
Total Operations	5,078		(1,261		)	8,562		(80		)
Corporate	—		(61		)	—		(91		)
Loss on early extinguishment of debt	—		(142		)	—		—
Interest expense, net	—		(103		)	—		(107		)
Impairment and restructuring charges	—		(1,286		)	—		(649		)
Goodwill impairment	—		(1,841		)	—		—
Merger and related costs	—		(180		)	—		(111		)
Merger termination fee	—		3,500			—		—
Litigation settlements	—		—			—		13
Total	$	5,078	$	(1,374	)	$	8,562	$	(1,025	)

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

The following table presents total assets by segment at June 30, 2016 and December 31, 2015:



	June 30, 2016		December 31, 2015
Segments	Assets		Assets
North America	$	3,745	$	6,599
Latin America	1,690		2,323
Europe/Africa/Russia Caspian	2,589		3,077
Middle East/Asia Pacific	2,870		3,441
Industrial Services	683		1,106
Shared assets	5,332		5,613
Total Operations	16,909		22,159
Corporate	3,410		1,921
Total	$	20,319	$	24,080

Earnings Per Share - (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Reconciliation of Weighted Average Number of Shares

A reconciliation of the number of shares used for the basic and diluted loss per share computations is as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Weighted average common shares outstanding for basic and diluted loss per share	438	438	440	438

Anti-dilutive shares excluded from diluted loss per share ⁽¹⁾	1	2	1	2
Future potentially dilutive shares excluded from diluted loss per share ⁽²⁾	6	2	7	2


⁽¹⁾	The calculation of diluted loss per share for both the three and six months ended June 30, 2016 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)

6 Months Ended

Jun. 30, 2016

Inventory, Net [Abstract]

Inventories, net of reserves

Inventories, net of reserves of $78 million at June 30, 2016 and $278 million at December 31, 2015, are comprised of the following:



	June 30, 2016		December 31, 2015
Finished goods	$	1,749	$	2,649
Work in process	121		132
Raw materials	122		136
Total inventories	$	1,992	$	2,917

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment are comprised of the following at June 30, 2016 and December 31, 2015:



	Useful Life	June 30, 2016		December 31, 2015
Land		$	246	$	263
Buildings and improvements	5 - 30 years	2,514		2,624
Machinery, equipment and other	1 - 20 years	9,738		11,184
Subtotal		12,498		14,071
Less: Accumulated depreciation		7,269		7,378
Total property, plant and equipment		$	5,229	$	6,693

Goodwill and Intangible Assets - (Tables)

6 Months Ended

Jun. 30, 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	(1,530		)	—		—			—		(311		)	(1,841		)
Currency translation adjustments	2			3		(1		)	—		—			4
Balance at June 30, 2016	$	1,569		$	587	$	1,067		$	819	$	191		$	4,233

Schedule of Finite-Lived Intangible Assets

Intangible assets are comprised of the following:



	June 30, 2016						December 31, 2015
	Gross Carrying Amount		Less: Accumulated Amortization		Net		Gross Carrying Amount		Less: Accumulated Amortization		Net
Technology	$	793	$	426	$	367	$	866	$	452	$	414
Customer relationships	94		38		56		251		106		145
Trade names	96		83		13		108		89		19
Other	16		13		3		18		13		5
Total intangible assets	$	999	$	560	$	439	$	1,243	$	660	$	583

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Amortization expense of these intangibles over the remainder of 2016 and for each of the subsequent five fiscal years is expected to be as follows:



Year	Estimated Amortization Expense
Remainder of 2016	$	34
2017	67
2018	62
2019	59
2020	50
2021	44

Indebtedness - (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of Debt - Net of Unamortized Discount and Debt Issuance Cost

Total debt consisted of the following at June 30, 2016, net of unamortized discount and debt issuance cost:



	June 30, 2016		December 31, 2015
6.0% Notes due June 2018	$	200	$	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	302		394
5.125% Notes due September 2040	1,132		1,482
Other debt	245		268
Total debt	3,026		4,041
Less: short-term debt and current portion of long-term debt	139		151
Total long-term debt	$	2,887	$	3,890

Employee Benefit Plans - (Tables)

6 Months Ended

Jun. 30, 2016

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Benefit Costs

The components of net periodic cost (benefit) are as follows for the three months ended June 30:



	U.S. Pension Benefits						Non-U.S. Pension Benefits						Other Postretirement Benefits
	2016			2015			2016			2015			2016			2015
Service cost	$	13		$	16		$	3		$	4		$	1		$	1
Interest cost	7			7			7			8			1			1
Expected return on plan assets	(10		)	(12		)	(9		)	(12		)	—			—
Amortization of prior service credit	—			—			—			—			(2		)	(3		)
Amortization of net actuarial loss	2			2			2			1			—			1
Net periodic cost (benefit)	$	12		$	13		$	3		$	1		$	—		$	—

The components of net periodic cost (benefit) are as follows for the six months ended June 30:



	U.S. Pension Benefits						Non-U.S. Pension Benefits						Other Postretirement Benefits
	2016			2015			2016			2015			2016			2015
Service cost	$	26		$	34		$	7		$	8		$	2		$	2
Interest cost	14			14			14			16			2			2
Expected return on plan assets	(20		)	(25		)	(18		)	(24		)	—			—
Amortization of prior service credit	—			—			—			—			(4		)	(6		)
Amortization of net actuarial loss	5			4			3			2			—			2
Curtailment gain	—			—			—			—			—			(9		)
Net periodic cost (benefit)	$	25		$	27		$	6		$	2		$	—		$	(9	)

Accumulated Other Comprehensive Loss - (Tables)

6 Months Ended

Jun. 30, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

The following tables present the changes in accumulated other comprehensive loss, net of tax:



	Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss
Balance at December 31, 2015		$	(261	)		$	(744	)		$	(1,005	)
Other comprehensive income before reclassifications		11				40				51
Amounts reclassified from accumulated other comprehensive loss		4				—				4
Deferred taxes		(1		)		—				(1		)
Balance at June 30, 2016		$	(247	)		$	(704	)		$	(951	)



	Pensions and Other Postretirement Benefits				Foreign Currency Translation Adjustments				Accumulated Other Comprehensive Loss
Balance at December 31, 2014		$	(246	)		$	(503	)		$	(749	)
Other comprehensive income (loss) before reclassifications		5				(91		)		(86		)
Amounts reclassified from accumulated other comprehensive loss		(7		)		—				(7		)
Deferred taxes		3				—				3
Balance at June 30, 2015		$	(245	)		$	(594	)		$	(839	)

Halliburton Merger Agreement (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Combinations [Abstract]
Halliburton merger termination fee maximum	$ 3,500		$ 3,500
Merger and related costs	$ 78	$ 83	$ 180	$ 111

Impairment and Restructuring Charges - (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016 USD ($) Employee	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Combined Long-Lived and Intangible Asset Impairment Charges	$ 329		$ 447
Restructuring Costs	797	$ 76	839	$ 649
Restructuring Reserve, Severance	66		66
Restructuring reserve, contract termination	47		47
Inventory Write-down and Disposal Cost Charge			621
inventory disposal costs			34
Inventory Write Down-Cost of Sales			205	37
Inventory Write Down-Cost of Services			416	157
Inventory write-down	621		587	194
Loss on firm purchase commitment			51
Workforce reductions
Restructuring Cost and Reserve [Line Items]
Severance Costs	$ 98	61	145	308
Restructuring and Related Cost, Expected Number of Positions Eliminated \| Employee	3,000
Contract terminations
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs	$ 91	(3)		83
Payments for Restructuring	54
Impairment of buildings and improvements
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	110	5	105	82
Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	498	$ 13		$ 176
Machinery and Equipment
Restructuring Cost and Reserve [Line Items]
Carrying Amount of Impaired Long-Lived Assets, Held-for-use	754		754
Impairment of Long-Lived Assets Held-for-use	240
Customer Relationships and Trade Names [Member]
Restructuring Cost and Reserve [Line Items]
Carrying Amount of Intangible Assets, Finite-Lived	174		174
Impairment of Intangible Assets, Finite-lived	$ 89
North America
Restructuring Cost and Reserve [Line Items]
Fair Value Assumptions, Weighted Average Cost of Capital	10.00%
Middle East [Member]
Restructuring Cost and Reserve [Line Items]
Fair Value Assumptions, Weighted Average Cost of Capital	14.00%
Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Fair Value Assumptions, Weighted Average Cost of Capital	13.50%
Latin America
Restructuring Cost and Reserve [Line Items]
Inventory Write-down and Disposal Cost Charge			88
Latin America \| Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 97
North America
Restructuring Cost and Reserve [Line Items]
Inventory Write-down and Disposal Cost Charge			209
North America \| Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	203
Europe/Africa/Russia Caspian
Restructuring Cost and Reserve [Line Items]
Inventory Write-down and Disposal Cost Charge			152
Europe/Africa/Russia Caspian \| Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	84
Middle East/Asia Pacific
Restructuring Cost and Reserve [Line Items]
Inventory Write-down and Disposal Cost Charge			125
Middle East/Asia Pacific \| Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	76
Industrial Services
Restructuring Cost and Reserve [Line Items]
Inventory Write-down and Disposal Cost Charge			$ 47
Industrial Services \| Impairment of machinery and equipment
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 38

Segment Information - (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Segment Information - (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Assets	$ 20,319		$ 20,319		$ 24,080
Summarized financial information [Abstract]
Revenue	2,408	$ 3,968	5,078	$ 8,562
Operating Profit (Loss) Before Tax	(760)	(197)	(1,374)	(1,025)
Corporate
Segment Reporting Information [Line Items]
Assets	3,410		3,410		1,921
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	(29)	(42)	(61)	(91)
Loss on early extinguishment of debt
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	(142)	0	(142)	0
Interest expense, net
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	(48)	(53)	(103)	(107)
Impairment and restructuring charges
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	(1,126)	(76)	(1,286)	(649)
Goodwill
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	(1,841)	0	(1,841)	0
Merger and related costs
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	(78)	(83)	(180)	(111)
Merger termination fee
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	3,500	0	3,500	0
Litigation settlements
Summarized financial information [Abstract]
Revenue	0	0	0	0
Operating Profit (Loss) Before Tax	0	13	0	13
North America
Segment Reporting Information [Line Items]
Assets	3,745		3,745		6,599
Summarized financial information [Abstract]
Revenue	668	1,498	1,487	3,504
Operating Profit (Loss) Before Tax	(311)	(150)	(536)	(359)
Latin America
Segment Reporting Information [Line Items]
Assets	1,690		1,690		2,323
Summarized financial information [Abstract]
Revenue	235	439	512	932
Operating Profit (Loss) Before Tax	(243)	45	(309)	78
Middle East/Asia Pacific
Segment Reporting Information [Line Items]
Assets	2,870		2,870		3,441
Summarized financial information [Abstract]
Revenue	651	856	1,369	1,772
Operating Profit (Loss) Before Tax	(142)	60	(93)	122
Industrial Services
Segment Reporting Information [Line Items]
Assets	683		683		1,106
Summarized financial information [Abstract]
Revenue	273	306	518	590
Operating Profit (Loss) Before Tax	(43)	32	(47)	42
Total Operations
Summarized financial information [Abstract]
Revenue	2,408	3,968	5,078	8,562
Operating Profit (Loss) Before Tax	(996)	44	(1,261)	(80)
Europe/Africa/Russia Caspian
Segment Reporting Information [Line Items]
Assets	2,589		2,589		3,077
Summarized financial information [Abstract]
Revenue	581	869	1,192	1,764
Operating Profit (Loss) Before Tax	(257)	$ 57	(276)	$ 37
Shared assets
Segment Reporting Information [Line Items]
Assets	5,332		5,332		5,613
Continuing Operations
Segment Reporting Information [Line Items]
Assets	$ 16,909		$ 16,909		$ 22,159

Income Taxes - (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes - (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income taxes (benefit)	$ (152)	$ 7	$ (519)	$ 242
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	$ (760)	(197)	(1,374)	(1,025)
Effective Income Tax Rate Reconciliation, Percent	20.00%
Goodwill impairment	$ 1,841	0	1,841	0
Income Tax Benefit on Goodwill Impairment	76
Impairment and restructuring charges	1,126	76	1,286	649
Inventory write-down	621		587	194
Income Tax Benefit on Impairments and Inventory Write-offs	290
Valuation Allowance, U.S. Federal Tax Credit Carryforwards, Increase (Decrease), Amount			460
Merger termination fee	(3,500)	$ 0	(3,500)	$ 0
Current Income Taxes Receivable	$ 409		$ 409

Earnings Per Share - (Details) - shares
shares in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2016

Jun. 30, 2015

Jun. 30, 2016

Jun. 30, 2015

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Weighted average common shares outstanding for basic and diluted loss per share

438

440

438

Anti-dilutive shares excluded from diluted loss per share (1)

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Anti-dilutive shares excluded from diluted loss per share (1)

^[1]

Future potentially dilutive shares excluded from diluted loss per share (2)

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Earnings Per Share, Potentially Dilutive Securities

^[2]

[1]	The calculation of diluted loss per share for both the three and six months ended June 30, 2016 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 - (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Inventories - (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Inventory, Net [Abstract]
Inventory write-down	$ 621	$ 587	$ 194
Inventory Valuation Reserves	78	78		$ 278
Finished goods	1,749	1,749		2,649
Work in process	121	121		132
Raw materials	122	122		136
Total inventories	$ 1,992	1,992		$ 2,917
Existing reserves on inventory write off		262
inventory disposal costs		$ 34

Property, Plant and Equipment (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Impairment of Plant, Property and Equipment	$ 949
Land	246	$ 263
Buildings and Improvements, Gross	2,514	2,624
Machinery and Equipment, Gross	9,738	11,184
Property, Plant and Equipment, Gross	12,498	14,071
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	7,269	7,378
Property, Plant and Equipment, Net	$ 5,229	$ 6,693
Building and Building Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building and Building Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Machinery and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Machinery and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years

Goodwill and Intangible Assets Schedule of Carrying Amount of Goodwill by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Goodwill [Line Items]
Goodwill at December 31, 2015			$ 6,070
Goodwill impairment	$ (1,841)	$ 0	(1,841)	$ 0
Goodwill at June 30, 2016	4,233		4,233
North America
Goodwill [Line Items]
Goodwill at December 31, 2015			3,097
Goodwill impairment			(1,530)
Goodwill, Translation Adjustments			2
Goodwill at June 30, 2016	1,569		1,569
Latin America
Goodwill [Line Items]
Goodwill at December 31, 2015			584
Goodwill impairment			0
Goodwill, Translation Adjustments			3
Goodwill at June 30, 2016	587		587
Europe/Africa/Russia Caspian
Goodwill [Line Items]
Goodwill at December 31, 2015			1,068
Goodwill impairment			0
Goodwill, Translation Adjustments			(1)
Goodwill at June 30, 2016	1,067		1,067
Middle East/Asia Pacific
Goodwill [Line Items]
Goodwill at December 31, 2015			819
Goodwill impairment			0
Goodwill, Translation Adjustments			0
Goodwill at June 30, 2016	819		819
Industrial Services
Goodwill [Line Items]
Goodwill at December 31, 2015			502
Goodwill impairment			(311)
Goodwill, Translation Adjustments			0
Goodwill at June 30, 2016	191		191
Total
Goodwill [Line Items]
Goodwill at December 31, 2015			6,070
Goodwill impairment			(1,841)
Goodwill, Translation Adjustments			4
Goodwill at June 30, 2016	$ 4,233		$ 4,233

Goodwill and Intangible Assets - Schedule of Intangible Assets by Type (Details) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]

Finite-Lived Intangible Assets, Gross

$ 999

$ 1,243

Finite-Lived Intangible Assets, Accumulated Amortization

560

660

Finite-Lived Intangible Assets, Net

439

583

Customer Relationships and Trade Names

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]

Impairment of Intangible Assets, Finite-lived

101

Technology-Based Intangible Assets

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]

Finite-Lived Intangible Assets, Gross

793

866

Finite-Lived Intangible Assets, Accumulated Amortization

426

452

Finite-Lived Intangible Assets, Net

367

414

Customer Relationships

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]

Finite-Lived Intangible Assets, Gross

^[1]

251

Finite-Lived Intangible Assets, Accumulated Amortization

^[1]

106

Finite-Lived Intangible Assets, Net

^[1]

145

Trade Names

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]

Finite-Lived Intangible Assets, Gross

108

Finite-Lived Intangible Assets, Accumulated Amortization

Finite-Lived Intangible Assets, Net

Other Intangible Assets

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Line Items]

Finite-Lived Intangible Assets, Gross

Finite-Lived Intangible Assets, Accumulated Amortization

Finite-Lived Intangible Assets, Net

$ 3

$ 5

[1]	During the first six months of 2016, we recorded impairments relating to various intangible assets totaling $101 million. See Note 3. "Impairment and Restructuring Charges" for further discussion.

Goodwill and Intangible Assets - Schedule of Future Estimated Amortization Expense (Details) $ in Millions	Jun. 30, 2016 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2016	$ 34
2017	67
2018	62
2019	59
2020	50
2021	$ 44

Goodwill and Intangible Assets - Textual Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment	$ 1,841	$ 0	$ 1,841	$ 0
Amortization expense for intangible assets included in net income	$ 20	$ 25	42	$ 51
Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Customer Relationships and Trade Names
Finite-Lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Finite-lived			$ 101

Indebtedness - Schedule of Debt, Net of Unamortized Discount and Debt Issuance Cost (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument
Total debt	$ 3,026	$ 4,041
Less: short-term debt and current portion of long-term debt	139	151
Total long-term debt	2,887	3,890
6.0% Notes due June 2018
Debt Instrument
Total debt	200	255
7.5% Senior Notes due November 2018
Debt Instrument
Total debt	524	747
3.2% Senior Notes due August 2021
Debt Instrument
Total debt	511	746
8.55% Debentures due June 2024
Debt Instrument
Total debt	112	149
6.875% Notes due January 2029
Debt Instrument
Total debt	302	394
5.125% Notes due September 2040
Debt Instrument
Total debt	1,132	1,482
Other debt
Debt Instrument
Total debt	$ 245	$ 268

Indebtedness - Textual Information (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Jul. 13, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Debt Instrument
Total debt, fair value		$ 3,431		$ 3,431		$ 4,321
Total debt		3,026		3,026		$ 4,041
Debt Instrument, Repurchased Face Amount		1,000		1,000
Debt Instrument, Purchase Premium		135
Loss on early extinguishment of debt		(142)	$ 0	(142)	$ 0
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity		2,500		$ 2,500
Maximum maturity of commercial paper issued				270 days
Commercial Paper		0		$ 0
Line of Credit Facility, Amount Outstanding		$ 0		$ 0
Subsequent Event [Member]
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,500
Subsequent Event, Date	Jul. 13, 2016

Employee Benefit Plans - (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Employee Benefit Plans - (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Components of net periodic benefit cost [Abstract]
Defined Benefit Plan, Contributions by Employer			$ 24
Defined Contribution Plan, Cost Recognized			65
U.S. Pension Benefits
Components of net periodic benefit cost [Abstract]
Service cost	$ 13	$ 16	26	$ 34
Interest cost	7	7	14	14
Expected return on plan assets	(10)	(12)	(20)	(25)
Amortization of prior service credit	0	0	0	0
Amortization of net actuarial loss	2	2	5	4
Curtailment gain			0	0
Net periodic cost	12	13	25	27
Non-U.S. Pension Benefits
Components of net periodic benefit cost [Abstract]
Service cost	3	4	7	8
Interest cost	7	8	14	16
Expected return on plan assets	(9)	(12)	(18)	(24)
Amortization of prior service credit	0	0	0	0
Amortization of net actuarial loss	2	1	3	2
Curtailment gain			0	0
Net periodic cost	3	1	6	2
Other Postretirement Benefits
Components of net periodic benefit cost [Abstract]
Service cost	1	1	2	2
Interest cost	1	1	2	2
Expected return on plan assets	0	0	0	0
Amortization of prior service credit	(2)	(3)	(4)	(6)
Amortization of net actuarial loss	0	1	0	2
Curtailment gain			0	(9)
Net periodic cost	$ 0	$ 0	0	$ (9)
Minimum
Components of net periodic benefit cost [Abstract]
Defined Contribution Plan, Estimated Future Employer Contributions in Current Fiscal Year			23
Minimum \| Pension Plan [Member]
Components of net periodic benefit cost [Abstract]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			38
Minimum \| Other Postretirement Benefits
Components of net periodic benefit cost [Abstract]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			7
Maximum
Components of net periodic benefit cost [Abstract]
Defined Contribution Plan, Estimated Future Employer Contributions in Current Fiscal Year			25
Maximum \| Pension Plan [Member]
Components of net periodic benefit cost [Abstract]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			42
Maximum \| Other Postretirement Benefits
Components of net periodic benefit cost [Abstract]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			$ 8

Commitments and Contingencies - (Details) $ in Millions	3 Months Ended
Commitments and Contingencies - (Details) $ in Millions	Jun. 30, 2016 USD ($)
Loss Contingencies [Line Items]
Claims amount for terminated contract	$ 67.9
Additional claim amount for terminated contract	57.0
Breach of contract counter suit amount	182.0
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	1,100.0
Natural Gas Storage System in Northern Germany [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 170.0
Loss Contingency, Damages Sought, interest rate	5.00%
Construction and Engineering Contract in Europe [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 369.0
Chieftain Sand and Proppant Barron Arbitration [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 110.0

Accumulated Other Comprehensive Loss - (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	$ (1,005)	$ (749)
Other comprehensive income before reclassifications	51	(86)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	4	(7)
Deferred taxes	(1)	3
Ending Balance	(951)
Pensions and Other Postretirement Benefits
Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	(261)	(246)
Other comprehensive income before reclassifications	11	5
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	4	(7)
Deferred taxes	(1)	3
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	(744)	(503)
Other comprehensive income before reclassifications	40	(91)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0
Deferred taxes	$ 0	$ 0

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details