Halliburton Company(NYSE:HAL)
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, ...
Website: http://www.halliburton.com
Founded: 1919
Full Time Employees: 40,000
Sector: Energy
Industry: Oil & Gas Equipment & Services
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At a glance:
- North America Activity Trends Remain a Key Swing Factor: Halliburton’s results are highly sensitive to U.S. and Canadian drilling and completions activity. Shifts in rig counts, frac intensity, and operator spending discipline can materially impact pricing, margins, and utilization.
- International Growth and Mix Provide Diversification: International markets (Middle East, Latin America, and offshore developments) can offer longer-cycle, more stable demand versus North America. Geographic mix and contract structures influence revenue visibility and margin resilience.
- Completion and Production Services Drive Cyclicality: The Completion and Production segment is often the most volatile, tied to frac fleet utilization, service pricing, and consumables (e.g., proppant logistics). Tight capacity supports pricing; oversupply can pressure margins.
- Drilling & Evaluation Benefits from Technology and Integrated Offerings: Performance is supported by demand for advanced drilling services, measurement, and digital/automation tools. Integrated service packages and technology differentiation can help defend share and support returns through cycles.
- Capital Discipline, Shareholder Returns, and Balance Sheet Remain Focus Areas: Cash generation is influenced by working capital, capex for fleets and equipment, and cycle-driven profitability. Management’s approach to capex discipline, debt management, and buybacks/dividends is a key driver of equity story.
Bull Thesis:
- Robust Global Energy Demand: Continued strong global demand for oil and natural gas, driven by industrial activity and developing economies, underpins a healthy outlook for exploration and production spending, directly benefiting Halliburton's services.
- North American Market Dominance: Halliburton maintains a leading position in the highly active and efficient North American unconventional (shale) market, leveraging its technology and operational scale to capture a significant share of drilling and completion activity.
- Expanding International Footprint: Growth in international markets, particularly in regions like the Middle East, Latin America, and Africa, provides diversification and new revenue streams as global E&P capital expenditures outside North America continue to rise.
- Technological Leadership & Digitalization: Halliburton's ongoing investment in advanced drilling, completion, and production technologies, coupled with its digitalization initiatives (e.g., AI/ML, automation), enhances operational efficiency, improves service delivery, and creates a competitive advantage.
Bear Thesis:
- Commodity Price Volatility & E&P Discipline: Halliburton's performance is highly sensitive to fluctuations in oil and gas prices. E&P companies' continued capital discipline, prioritizing shareholder returns over aggressive production growth, could limit the upside for oilfield services spending even in periods of high prices.
- Long-Term Energy Transition Risks: The global shift towards renewable energy sources and decarbonization efforts poses a structural long-term risk to demand for fossil fuels, potentially impacting future investment in oil and gas exploration and production, and thus Halliburton's addressable market.
- Geopolitical Instability & Supply Chain Issues: Geopolitical conflicts, trade tensions, and sanctions can disrupt global energy markets, impact drilling operations, and create significant supply chain challenges for equipment, materials, and personnel, leading to operational inefficiencies and cost increases.
- Intense Competition & Pricing Pressure: The oilfield services sector is highly competitive with major players like Schlumberger and Baker Hughes. This intense competition can lead to pricing pressure on services, limiting Halliburton's ability to expand profit margins, especially in more commoditized offerings.
Main Competitors:
- Schlumberger Limited ($SLB) (Integrated Oilfield Services & Technology), Schlumberger is often considered the largest oilfield services company globally and competes directly with Halliburton across nearly all segments, including drilling, wireline, completion, and production services. They are known for their strong international presence, technological leadership, and digital solutions.
- Baker Hughes Company ($BKR) (Integrated Oilfield Services & Energy Technology), Baker Hughes is another major integrated oilfield services provider, competing head-to-head with Halliburton in drilling, completion, and production services. They also have a significant equipment manufacturing arm and a broader energy technology portfolio, offering a diverse range of solutions to clients.
- Weatherford International plc ($WFRD) (Well Construction, Completion & Production Optimization), Weatherford competes with Halliburton in various segments, particularly in well construction (drilling, cementing), completion, and production optimization. While smaller than the 'big three,' Weatherford offers a competitive range of services and technologies, often focusing on efficiency and specific niche solutions.
- NOV Inc. ($NOV) (Drilling & Production Equipment, Wellbore Technologies), While Halliburton is primarily a service provider, NOV competes by providing critical equipment, components, and supply chain solutions for drilling and production that Halliburton and its clients utilize. NOV also offers integrated solutions and services related to equipment maintenance and optimization, which can overlap with Halliburton's well construction and production services.
Moat:
Halliburton's competitive moat is built on its extensive global scale, deep operational expertise, continuous investment in proprietary technologies (especially in drilling and completion/fracking), and integrated service offerings that provide comprehensive solutions to oil and gas operators. The company benefits from long-standing customer relationships and a strong brand reputation. However, the oilfield services industry is highly cyclical and intensely competitive, primarily from other large, integrated players like Schlumberger and Baker Hughes, who also possess significant technological capabilities and global reach. Competition often revolves around technological innovation, efficiency, safety, and cost-effectiveness in a market heavily influenced by commodity prices and capital expenditure decisions of E&P companies.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
services | 3,956,000,000 | 4,026,000,000 | 3,938,000,000 | 3,809,000,000 | 3,894,000,000 | 4,093,000,000 | 4,215,000,000 | 4,146,000,000 | 4,005,000,000 | 4,131,000,000 | 4,181,000,000 | 4,166,000,000 | 4,067,000,000 | 3,923,000,000 | 3,686,000,000 | 3,073,000,000 | 3,041,000,000 | 2,802,000,000 | 2,683,000,000 | 2,463,000,000 | 2,263,000,000 | 2,068,000,000 | 2,188,000,000 | 3,684,000,000 | 3,766,000,000 | 4,207,000,000 | 4,559,000,000 | 4,352,000,000 | 4,448,000,000 | 4,800,000,000 | 4,808,000,000 | 4,388,000,000 | 4,437,000,000 | 4,118,000,000 | 3,702,000,000 | 3,151,000,000 | 2,820,000,000 | 2,695,000,000 | 2,640,000,000 | 2,985,000,000 | 3,652,000,000 | 4,103,000,000 | 4,380,000,000 | 5,347,000,000 | 6,707,000,000 | 6,665,000,000 | 6,127,000,000 | 5,540,000,000 | 5,730,000,000 | 5,627,000,000 | 5,566,000,000 | 5,334,000,000 | 5,581,000,000 | 5,521,000,000 | 5,670,000,000 | 5,424,000,000 | 5,528,000,000 | 5,246,000,000 | 4,727,000,000 | 4,191,000,000 | 3,965,000,000 | 3,598,000,000 | 3,371,000,000 | 2,845,000,000 | |
product sales | 1,701,000,000 | 1,574,000,000 | 1,572,000,000 | 1,608,000,000 | 1,716,000,000 | 1,604,000,000 | 1,618,000,000 | 1,658,000,000 | 1,734,000,000 | 1,673,000,000 | 1,617,000,000 | 1,511,000,000 | 1,515,000,000 | 1,434,000,000 | 1,388,000,000 | 1,211,000,000 | 1,236,000,000 | 1,058,000,000 | 1,024,000,000 | 988,000,000 | 974,000,000 | 907,000,000 | 1,008,000,000 | 1,353,000,000 | 1,425,000,000 | 1,343,000,000 | 1,371,000,000 | 1,385,000,000 | 1,488,000,000 | 1,372,000,000 | 1,339,000,000 | 1,352,000,000 | 1,503,000,000 | 1,326,000,000 | 1,255,000,000 | 1,128,000,000 | 1,201,000,000 | 1,138,000,000 | 1,195,000,000 | 1,213,000,000 | 1,430,000,000 | 1,479,000,000 | 1,539,000,000 | 1,703,000,000 | 2,063,000,000 | 2,036,000,000 | 1,924,000,000 | 1,808,000,000 | 1,909,000,000 | 1,845,000,000 | 1,751,000,000 | 1,640,000,000 | 1,709,000,000 | 1,590,000,000 | 1,564,000,000 | 1,444,000,000 | 1,536,000,000 | 1,302,000,000 | 1,208,000,000 | 1,091,000,000 | 1,195,000,000 | 1,067,000,000 | 1,016,000,000 | 916,000,000 | |
total revenue | 5,657,000,000 | 5,600,000,000 | 5,510,000,000 | 5,417,000,000 | 5,610,000,000 | 5,697,000,000 | 5,833,000,000 | 5,804,000,000 | 5,739,000,000 | 5,804,000,000 | 5,798,000,000 | 5,677,000,000 | 5,582,000,000 | 5,357,000,000 | 5,074,000,000 | 4,284,000,000 | 4,277,000,000 | 3,860,000,000 | 3,707,000,000 | 3,451,000,000 | 3,237,000,000 | 2,975,000,000 | 3,196,000,000 | 5,037,000,000 | 5,191,000,000 | 5,550,000,000 | 5,930,000,000 | 5,737,000,000 | 5,936,000,000 | 6,172,000,000 | 6,147,000,000 | 5,740,000,000 | 5,940,000,000 | 5,444,000,000 | 4,957,000,000 | 4,279,000,000 | 4,021,000,000 | 3,833,000,000 | 3,835,000,000 | 4,198,000,000 | 5,082,000,000 | 5,582,000,000 | 5,919,000,000 | 7,050,000,000 | 8,770,000,000 | 8,701,000,000 | 8,051,000,000 | 7,348,000,000 | 7,639,000,000 | 7,472,000,000 | 7,317,000,000 | 6,974,000,000 | 7,290,000,000 | 7,111,000,000 | 7,234,000,000 | 6,868,000,000 | 7,064,000,000 | 6,548,000,000 | 5,935,000,000 | 5,282,000,000 | 5,160,000,000 | 4,665,000,000 | 4,387,000,000 | 3,761,000,000 | |
yoy | 0.84% | -1.70% | -5.54% | -6.67% | -2.25% | -1.84% | 0.60% | 2.24% | 2.81% | 8.34% | 14.27% | 32.52% | 30.51% | 38.78% | 36.88% | 24.14% | 32.13% | 29.75% | 15.99% | -31.49% | -37.64% | -46.40% | -46.10% | -12.20% | -12.55% | -10.08% | -3.53% | -0.05% | -0.07% | 13.37% | 24.01% | 34.14% | 47.72% | 42.03% | 29.26% | 1.93% | -20.88% | -31.33% | -35.21% | -40.45% | -42.05% | -35.85% | -26.48% | -4.06% | 14.81% | 16.45% | 10.03% | 5.36% | 4.79% | 5.08% | 1.15% | 1.54% | 3.20% | 8.60% | 21.89% | 30.03% | 36.90% | 40.36% | 35.29% | 40.44% | |||||
qoq | 1.02% | 1.63% | 1.72% | -3.44% | -1.53% | -2.33% | 0.50% | 1.13% | -1.12% | 0.10% | 2.13% | 1.70% | 4.20% | 5.58% | 18.44% | 0.16% | 10.80% | 4.13% | 7.42% | 6.61% | 8.81% | -6.91% | -36.55% | -2.97% | -6.47% | -6.41% | 3.36% | -3.35% | -3.82% | 0.41% | 7.09% | -3.37% | 9.11% | 9.82% | 15.84% | 6.42% | 4.90% | -0.05% | -8.65% | -17.39% | -8.96% | -5.69% | -16.04% | -19.61% | 0.79% | 8.07% | 9.57% | -3.81% | 2.24% | 2.12% | 4.92% | -4.33% | 2.52% | -1.70% | 5.33% | -2.77% | 7.88% | 10.33% | 12.36% | 2.36% | 10.61% | 6.34% | 16.64% | ||
operating costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of services | 3,411,000,000 | 3,483,000,000 | 3,431,000,000 | 3,286,000,000 | 3,264,000,000 | 3,361,000,000 | 3,417,000,000 | 3,428,000,000 | 3,250,000,000 | 3,349,000,000 | 3,404,000,000 | 3,399,000,000 | 3,297,000,000 | 3,251,000,000 | 3,123,000,000 | 2,710,000,000 | 2,657,000,000 | 2,467,000,000 | 2,370,000,000 | 2,251,000,000 | 2,064,000,000 | 1,904,000,000 | 2,097,000,000 | 3,393,000,000 | 3,464,000,000 | 3,860,000,000 | 4,204,000,000 | 4,156,000,000 | 4,083,000,000 | 4,280,000,000 | 4,221,000,000 | 4,007,000,000 | 3,971,000,000 | 3,686,000,000 | 3,453,000,000 | 3,103,000,000 | 2,777,000,000 | 2,743,000,000 | 2,777,000,000 | 2,956,000,000 | 3,194,000,000 | 3,791,000,000 | 3,942,000,000 | 4,973,000,000 | 5,658,000,000 | 5,486,000,000 | 5,151,000,000 | 4,765,000,000 | 4,815,000,000 | 4,765,000,000 | 4,765,000,000 | 4,614,000,000 | 4,825,000,000 | 4,751,000,000 | 4,638,000,000 | 4,533,000,000 | 4,315,000,000 | 4,030,000,000 | 3,659,000,000 | 3,428,000,000 | 3,162,000,000 | 2,891,000,000 | 2,716,000,000 | 2,473,000,000 | |
cost of sales | 1,316,000,000 | 1,261,000,000 | 1,260,000,000 | 1,252,000,000 | 1,320,000,000 | 1,266,000,000 | 1,293,000,000 | 1,294,000,000 | 1,356,000,000 | 1,337,000,000 | 1,316,000,000 | 1,247,000,000 | 1,247,000,000 | 1,201,000,000 | 1,166,000,000 | 989,000,000 | 1,011,000,000 | 889,000,000 | 852,000,000 | 782,000,000 | 779,000,000 | 755,000,000 | 820,000,000 | 1,088,000,000 | 1,122,000,000 | 1,101,000,000 | 1,120,000,000 | 1,096,000,000 | 1,186,000,000 | 1,104,000,000 | 1,072,000,000 | 1,056,000,000 | 1,134,000,000 | 1,069,000,000 | 1,021,000,000 | 918,000,000 | 927,000,000 | 919,000,000 | 955,000,000 | 969,000,000 | 1,362,000,000 | 1,248,000,000 | 1,291,000,000 | 1,312,000,000 | 1,742,000,000 | 1,702,000,000 | 1,617,000,000 | 1,538,000,000 | 1,586,000,000 | 1,519,000,000 | 1,481,000,000 | 1,386,000,000 | 1,411,000,000 | 1,339,000,000 | 1,328,000,000 | 1,244,000,000 | 1,252,000,000 | 1,107,000,000 | 1,050,000,000 | 970,000,000 | 966,000,000 | 894,000,000 | 862,000,000 | 786,000,000 | |
impairments and other charges | 83,000,000 | 392,000,000 | 356,000,000 | 116,000,000 | 344,000,000 | 22,000,000 | 12,000,000 | 446,000,000 | 133,000,000 | 2,147,000,000 | 1,073,000,000 | 2,198,000,000 | 247,000,000 | 61,000,000 | 265,000,000 | 385,000,000 | 262,000,000 | 168,000,000 | 423,000,000 | 2,766,000,000 | 473,750,000 | 381,000,000 | 306,000,000 | 1,208,000,000 | |||||||||||||||||||||||||||||||||||||||||
general and administrative | 59,000,000 | 58,000,000 | 60,000,000 | 62,000,000 | 61,000,000 | 55,000,000 | 62,000,000 | 61,000,000 | 60,000,000 | 58,000,000 | 54,000,000 | 54,000,000 | 62,000,000 | 59,000,000 | 67,000,000 | 52,000,000 | 59,000,000 | 46,000,000 | 51,000,000 | 48,000,000 | 44,000,000 | 41,000,000 | 43,000,000 | 54,000,000 | 59,000,000 | 53,000,000 | 56,000,000 | 59,000,000 | 59,000,000 | 72,000,000 | 65,000,000 | 58,000,000 | 71,000,000 | 55,000,000 | 75,000,000 | 55,000,000 | 96,000,000 | 43,000,000 | 41,000,000 | 48,000,000 | 53,000,000 | 37,000,000 | 43,000,000 | 105,000,000 | 71,000,000 | 74,000,000 | 89,000,000 | 75,000,000 | 94,000,000 | 80,000,000 | 87,000,000 | 72,000,000 | 73,000,000 | 67,000,000 | 67,000,000 | 68,000,000 | 67,000,000 | 79,000,000 | 65,000,000 | 70,000,000 | 62,000,000 | 62,000,000 | 47,000,000 | 58,000,000 | |
sap s4 upgrade expense | 42,000,000 | 50,000,000 | 32,000,000 | 30,000,000 | 33,000,000 | 28,000,000 | 29,000,000 | 34,000,000 | 15,000,000 | 23,000,000 | 13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating costs and expenses | 4,911,000,000 | 5,244,000,000 | 4,783,000,000 | 4,986,000,000 | 4,678,000,000 | 4,826,000,000 | 4,801,000,000 | 4,817,000,000 | 4,681,000,000 | 4,767,000,000 | 4,787,000,000 | 4,700,000,000 | 4,606,000,000 | 4,511,000,000 | 4,700,000,000 | 3,773,000,000 | 3,727,000,000 | 3,414,000,000 | 3,273,000,000 | 3,081,000,000 | 3,333,000,000 | 2,833,000,000 | 5,107,000,000 | 5,608,000,000 | 6,843,000,000 | 5,014,000,000 | 5,627,000,000 | 5,372,000,000 | 5,328,000,000 | 5,456,000,000 | 5,358,000,000 | 5,386,000,000 | 5,561,000,000 | 4,810,000,000 | 4,811,000,000 | 4,076,000,000 | 3,968,000,000 | 3,705,000,000 | 7,715,000,000 | 7,277,000,000 | 4,996,000,000 | 5,539,000,000 | 5,665,000,000 | 7,598,000,000 | 7,471,000,000 | 7,067,000,000 | 6,857,000,000 | 6,378,000,000 | 6,495,000,000 | 6,364,000,000 | 6,333,000,000 | 7,072,000,000 | 6,309,000,000 | 6,157,000,000 | 6,033,000,000 | 5,845,000,000 | 5,634,000,000 | 5,216,000,000 | 4,774,000,000 | 4,468,000,000 | 4,180,000,000 | 3,847,000,000 | 3,625,000,000 | 3,312,000,000 | |
operating income | 746,000,000 | 356,000,000 | 727,000,000 | 431,000,000 | 932,000,000 | 871,000,000 | 1,032,000,000 | 987,000,000 | 1,058,000,000 | 1,037,000,000 | 1,011,000,000 | 977,000,000 | 976,000,000 | 846,000,000 | 374,000,000 | 511,000,000 | 550,000,000 | 446,000,000 | 434,000,000 | 370,000,000 | -96,000,000 | 142,000,000 | -1,911,000,000 | -571,000,000 | -1,652,000,000 | 536,000,000 | 303,000,000 | 365,000,000 | 608,000,000 | 716,000,000 | 789,000,000 | 354,000,000 | 379,000,000 | 634,000,000 | 146,000,000 | 203,000,000 | 53,000,000 | 128,000,000 | -3,880,000,000 | -3,079,000,000 | 86,000,000 | 43,000,000 | 254,000,000 | -548,000,000 | 1,299,000,000 | 1,634,000,000 | 1,194,000,000 | 970,000,000 | 1,144,000,000 | 1,108,000,000 | 984,000,000 | -98,000,000 | 981,000,000 | 954,000,000 | 1,201,000,000 | 1,023,000,000 | 1,430,000,000 | 1,332,000,000 | 1,161,000,000 | 814,000,000 | 980,000,000 | 818,000,000 | 762,000,000 | 449,000,000 | |
yoy | -19.96% | -59.13% | -29.55% | -56.33% | -11.91% | -16.01% | 2.08% | 1.02% | 8.40% | 22.58% | 170.32% | 91.19% | 77.45% | 89.69% | -13.82% | 38.11% | -672.92% | 214.08% | -122.71% | -164.80% | -94.19% | -73.51% | -730.69% | -256.44% | -371.71% | -25.14% | -61.60% | 3.11% | 60.42% | 12.93% | 440.41% | 74.38% | 615.09% | 395.31% | -103.76% | -106.59% | -38.37% | 197.67% | -1627.56% | 461.86% | -93.38% | -97.37% | -78.73% | -156.49% | 13.55% | 47.47% | 21.34% | -1089.80% | 16.62% | 16.14% | -18.07% | -109.58% | -31.40% | -28.38% | 3.45% | 25.68% | 45.92% | 62.84% | 52.36% | 81.29% | |||||
qoq | 109.55% | -51.03% | 68.68% | -53.76% | 7.00% | -15.60% | 4.56% | -6.71% | 2.03% | 2.57% | 3.48% | 0.10% | 15.37% | 126.20% | -26.81% | -7.09% | 23.32% | 2.76% | 17.30% | -485.42% | -167.61% | -107.43% | 234.68% | -65.44% | -408.21% | 76.90% | -16.99% | -39.97% | -15.08% | -9.25% | 122.88% | -6.60% | -40.22% | 334.25% | -28.08% | 283.02% | -58.59% | -103.30% | 26.01% | -3680.23% | 100.00% | -83.07% | -146.35% | -142.19% | -20.50% | 36.85% | 23.09% | -15.21% | 3.25% | 12.60% | -1104.08% | -109.99% | 2.83% | -20.57% | 17.40% | -28.46% | 7.36% | 14.73% | 42.63% | -16.94% | 19.80% | 7.35% | 69.71% | ||
operating margin % | 13.19% | 6.36% | 13.19% | 7.96% | 16.61% | 15.29% | 17.69% | 17.01% | 18.44% | 17.87% | 17.44% | 17.21% | 17.48% | 15.79% | 7.37% | 11.93% | 12.86% | 11.55% | 11.71% | 10.72% | -2.97% | 4.77% | -59.79% | -11.34% | -31.82% | 9.66% | 5.11% | 6.36% | 10.24% | 11.60% | 12.84% | 6.17% | 6.38% | 11.65% | 2.95% | 4.74% | 1.32% | 3.34% | -101.17% | -73.34% | 1.69% | 0.77% | 4.29% | -7.77% | 14.81% | 18.78% | 14.83% | 13.20% | 14.98% | 14.83% | 13.45% | -1.41% | 13.46% | 13.42% | 16.60% | 14.90% | 20.24% | 20.34% | 19.56% | 15.41% | 18.99% | 17.53% | 17.37% | 11.94% | |
interest expense, net of interest income of 23, 28, 66, and 72 | -66,500,000 | -88,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -16,000,000 | -49,000,000 | -24,000,000 | -39,000,000 | -47,000,000 | -52,000,000 | -20,000,000 | -108,000,000 | 45,000,000 | -28,000,000 | -32,000,000 | -69,000,000 | -60,000,000 | -48,000,000 | -42,000,000 | -30,000,000 | -24,000,000 | -14,000,000 | -19,000,000 | -22,000,000 | -19,000,000 | -21,000,000 | -48,000,000 | -23,000,000 | -44,000,000 | -23,000,000 | -8,000,000 | -30,000,000 | -13,000,000 | -42,000,000 | -19,000,000 | -25,000,000 | -20,000,000 | -23,000,000 | -26,000,000 | -18,000,000 | -91,000,000 | -39,000,000 | -31,000,000 | -47,000,000 | -43,000,000 | -34,000,000 | -23,000,000 | -224,000,000 | 41,000,000 | 12,000,000 | -24,000,000 | -31,000,000 | -6,000,000 | -12,000,000 | -11,000,000 | -14,000,000 | -9,000,000 | -6,000,000 | -17,000,000 | -7,000,000 | -7,000,000 | -9,000,000 | -5,000,000 | -4,000,000 | -1,000,000 | -7,000,000 | -9,000,000 | -40,000,000 | |
income before income taxes | 635,000,000 | 219,000,000 | 611,000,000 | 306,000,000 | 793,000,000 | 734,000,000 | 920,000,000 | 787,000,000 | 835,000,000 | 916,000,000 | 783,000,000 | 829,000,000 | 842,000,000 | 705,000,000 | 231,000,000 | 332,000,000 | 418,000,000 | 316,000,000 | 295,000,000 | 223,000,000 | -240,000,000 | -1,000,000 | -2,083,000,000 | -896,000,000 | 178,750,000 | 372,000,000 | 151,000,000 | ||||||||||||||||||||||||||||||||||||||
income tax provision | -46,000,000 | -199,000,000 | -131,000,000 | -103,000,000 | -179,000,000 | -154,000,000 | -207,000,000 | -178,000,000 | -133,250,000 | -192,000,000 | -167,000,000 | -174,000,000 | -84,500,000 | -156,000,000 | -114,000,000 | -68,000,000 | -52,000,000 | -119,000,000 | 183,000,000 | -76,000,000 | -74,000,000 | -40,000,000 | -91,750,000 | -100,000,000 | |||||||||||||||||||||||||||||||||||||||||
net income | 589,000,000 | 20,000,000 | 480,000,000 | 203,000,000 | 614,000,000 | 580,000,000 | 713,000,000 | 609,000,000 | 667,000,000 | 724,000,000 | 616,000,000 | 655,000,000 | 665,000,000 | 549,000,000 | 117,000,000 | 264,000,000 | 827,000,000 | 240,000,000 | 230,000,000 | 171,000,000 | -227,000,000 | -19,000,000 | -1,681,000,000 | -1,015,000,000 | -1,654,000,000 | 296,000,000 | 77,000,000 | 152,000,000 | 668,000,000 | 434,000,000 | 508,000,000 | 47,000,000 | -825,000,000 | 361,000,000 | 28,000,000 | -32,000,000 | -153,000,000 | 7,000,000 | -3,205,000,000 | -2,418,000,000 | -26,000,000 | -53,000,000 | 53,000,000 | -641,000,000 | 905,000,000 | 1,205,000,000 | 775,000,000 | 616,000,000 | 795,000,000 | 708,000,000 | 648,000,000 | -16,000,000 | 672,000,000 | 604,000,000 | 739,000,000 | 630,000,000 | 907,000,000 | 685,000,000 | 741,000,000 | 511,000,000 | 607,000,000 | 545,000,000 | 483,000,000 | 207,000,000 | |
yoy | -4.07% | -96.55% | -32.68% | -66.67% | -7.95% | -19.89% | 15.75% | -7.02% | 0.30% | 31.88% | 426.50% | 148.11% | -19.59% | 128.75% | -49.13% | 54.39% | -464.32% | -1363.16% | -113.68% | -116.85% | -86.28% | -106.42% | -2283.12% | -767.76% | -347.60% | -31.80% | -84.84% | 223.40% | -180.97% | 20.22% | 1714.29% | -246.88% | 439.22% | 5057.14% | -100.87% | -98.68% | 488.46% | -113.21% | -6147.17% | 277.22% | -102.87% | -104.40% | -93.16% | -204.06% | 13.84% | 70.20% | 19.60% | -3950.00% | 18.30% | 17.22% | -12.31% | -102.54% | -25.91% | -11.82% | -0.27% | 23.29% | 49.42% | 25.69% | 53.42% | 146.86% | |||||
qoq | 2845.00% | -95.83% | 136.45% | -66.94% | 5.86% | -18.65% | 17.08% | -8.70% | -7.87% | 17.53% | -5.95% | -1.50% | 21.13% | 369.23% | -55.68% | -68.08% | 244.58% | 4.35% | 34.50% | -175.33% | 1094.74% | -98.87% | 65.62% | -38.63% | -658.78% | 284.42% | -49.34% | -77.25% | 53.92% | -14.57% | 980.85% | -105.70% | -328.53% | 1189.29% | -187.50% | -79.08% | -2285.71% | -100.22% | 32.55% | 9200.00% | -50.94% | -200.00% | -108.27% | -170.83% | -24.90% | 55.48% | 25.81% | -22.52% | 12.29% | 9.26% | -4150.00% | -102.38% | 11.26% | -18.27% | 17.30% | -30.54% | 32.41% | -7.56% | 45.01% | -15.82% | 11.38% | 12.84% | 133.33% | ||
net income margin % | 10.41% | 0.36% | 8.71% | 3.75% | 10.94% | 10.18% | 12.22% | 10.49% | 11.62% | 12.47% | 10.62% | 11.54% | 11.91% | 10.25% | 2.31% | 6.16% | 19.34% | 6.22% | 6.20% | 4.96% | -7.01% | -0.64% | -52.60% | -20.15% | -31.86% | 5.33% | 1.30% | 2.65% | 11.25% | 7.03% | 8.26% | 0.82% | -13.89% | 6.63% | 0.56% | -0.75% | -3.81% | 0.18% | -83.57% | -57.60% | -0.51% | -0.95% | 0.90% | -9.09% | 10.32% | 13.85% | 9.63% | 8.38% | 10.41% | 9.48% | 8.86% | -0.23% | 9.22% | 8.49% | 10.22% | 9.17% | 12.84% | 10.46% | 12.49% | 9.67% | 11.76% | 11.68% | 11.01% | 5.50% | |
net income attributable to noncontrolling interest | -2,000,000 | -8,000,000 | 1,000,000 | -9,000,000 | -4,000,000 | -3,000,000 | -6,000,000 | -8,000,000 | -6,000,000 | -4,000,000 | -9,000,000 | -5,000,000 | -8,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to company | 589,000,000 | 18,000,000 | 472,000,000 | 204,000,000 | 615,000,000 | 571,000,000 | 709,000,000 | 606,000,000 | 661,000,000 | 716,000,000 | 610,000,000 | 651,000,000 | 656,000,000 | 544,000,000 | 109,000,000 | 263,000,000 | 824,000,000 | 236,000,000 | 227,000,000 | 170,000,000 | -235,000,000 | -17,000,000 | -1,676,000,000 | -1,017,000,000 | -1,653,000,000 | 295,000,000 | 75,000,000 | 152,000,000 | 664,000,000 | 435,000,000 | 511,000,000 | 46,000,000 | 90,250,000 | 365,000,000 | 28,000,000 | -149,000,000 | 6,000,000 | -3,208,000,000 | -28,000,000 | -54,000,000 | 54,000,000 | -643,000,000 | 901,000,000 | 1,203,000,000 | 774,000,000 | 622,000,000 | 793,000,000 | 706,000,000 | 644,000,000 | -18,000,000 | 669,000,000 | 602,000,000 | 737,000,000 | 627,000,000 | 906,000,000 | 683,000,000 | 739,000,000 | 511,000,000 | 605,000,000 | 544,000,000 | 480,000,000 | 206,000,000 | |||
basic and diluted net income per share | 0.203 | 0.02 | 0.55 | 0.24 | 0.68 | 0.72 | 0.253 | 0.6 | 0.12 | 0.29 | 0.178 | 0.26 | 0.26 | 0.19 | -0.77 | -0.02 | -1.91 | -1.16 | 0.15 | 0.34 | 0.17 | 0.05 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||
basic weighted-average common shares outstanding | 853 | 849 | 857 | 866 | 882 | 881 | 884 | 889 | 899 | 898 | 901 | 904 | 904 | 908 | 904 | 899 | 881 | 882 | 877 | 875 | 876 | 874 | 873 | 875 | 877 | 877 | 875 | 872 | 869 | 861 | 862 | 860 | 858 | 853 | 855 | 852 | 850 | 848 | 848 | 846 | 849 | 898 | 890 | 925 | 931 | 926 | 928 | 924 | 923 | 918 | 920 | 916 | 914 | 908 | 910 | 906 | 905 | ||||||||
diluted weighted-average common shares outstanding | 853 | 850 | 857 | 866 | 883 | 881 | 886 | 891 | 902 | 902 | 903 | 907 | 908 | 910 | 909 | 903 | 881 | 882 | 877 | 875 | 876 | 875 | 873 | 877 | 878 | 880 | 878 | 873 | 871 | 861 | 864 | 860 | 858 | 853 | 855 | 854 | 850 | 852 | 854 | 852 | 853 | 902 | 894 | 928 | 931 | 928 | 930 | 926 | 926 | 922 | 925 | 921 | 919 | 911 | 912 | 909 | 908 | ||||||||
interest expense, net of interest income of 18, 22, 43, and 44 | -92,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 25 and 22 | -86,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interest | 1,000,000 | -2,000,000 | -4,000,000 | -3,000,000 | 1,250,000 | 2,000,000 | 5,000,000 | 1,000,000 | -1,000,000 | -2,000,000 | -4,000,000 | 1,000,000 | 3,000,000 | 1,000,000 | 4,000,000 | 4,000,000 | -1,000,000 | -3,000,000 | 6,000,000 | -500,000 | -1,000,000 | 1,000,000 | -2,000,000 | 750,000 | -2,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 28, 24, 72, and 59 | -67,250,000 | -85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on blue chip swap transactions | -6,000,000 | -104,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | 0.71 | 0.65 | 0.8 | 0.74 | 0.8 | 0.68 | 0.09 | 0.283 | 0.5 | 0.58 | 0.105 | 0.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share | 0.7 | 0.65 | 0.8 | 0.73 | 0.79 | 0.68 | 0.09 | 0.283 | 0.5 | 0.58 | 0.103 | 0.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 22, 18, 44, and 35 | -92,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 22 and 17 | -92,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 26, 31, 93, and 74 | -66,000,000 | -93,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | -42,000,000 | -168,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 28, 24, 67, and 43 | -92,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 39 and 19 | -79,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 31, 15, 74, and 39 | -75,250,000 | -93,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 24, 14, 43, and 24 | -101,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 19 and 10 | -107,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 15, 11, 39, and 28 | -90,250,000 | -116,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 409,000,000 | -76,000,000 | -65,000,000 | 13,000,000 | -18,000,000 | 402,000,000 | -125,000,000 | -142,000,000 | -1,050,000,000 | -135,000,000 | 29,000,000 | 25,000,000 | 22,000,000 | 59,000,000 | 902,000,000 | 875,000,000 | 67,000,000 | 37,000,000 | -71,000,000 | 241,000,000 | -229,000,000 | 172,000,000 | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted weighted-average common shares outstanding | 892 | 894 | 890 | 889 | 878 | 870 | 867 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 14, 7, 24, and 17 | -120,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 10 and 10 | -125,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 11, 6, 28 and 18 | -95,000,000 | -122,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 7, 4, 17 and 12 | -124,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 10 and 8 | -134,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 6, 10, 18 and 33 | -107,000,000 | -141,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 4, 13, 12 and 23 | -144,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 8 and 10 | -143,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 192,000,000 | 458,000,000 | 534,000,000 | 633,000,000 | 189,000,000 | 244,000,000 | 496,000,000 | -4,107,000,000 | -93,000,000 | -90,000,000 | 125,000,000 | -878,000,000 | 1,240,000,000 | 1,550,000,000 | 1,076,000,000 | 846,000,000 | 1,040,000,000 | 1,005,000,000 | 902,000,000 | -183,000,000 | 899,000,000 | 877,000,000 | 1,104,000,000 | 942,000,000 | 1,354,000,000 | 1,261,000,000 | 1,093,000,000 | 741,000,000 | 910,000,000 | 735,000,000 | 677,000,000 | 333,000,000 | |||||||||||||||||||||||||||||||||
interest expense, net of interest income of 10, 30, 33, and 81 | -104,250,000 | -140,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends per share | 0.135 | 0.18 | 0.18 | 0.18 | 0.135 | 0.18 | 0.18 | 0.18 | 0.135 | 0.18 | 0.18 | 0.135 | 0.18 | 0.18 | 0.18 | 0.113 | 0.15 | 0.15 | 0.15 | 0.094 | 0.125 | 0.125 | 0.125 | 0.068 | 0.09 | 0.09 | 0.09 | 0.068 | 0.09 | 0.09 | 0.09 | 0.068 | 0.09 | 0.09 | 0.09 | ||||||||||||||||||||||||||||||
interest expense, net of interest income of 13, 28, 23, and 51 | -137,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 10 and 23 | -140,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merger-related costs and termination fee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 30, 18, 81 and 38 | -119,500,000 | -115,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 89,250,000 | 361,000,000 | 28,000,000 | -153,000,000 | 7,000,000 | -3,205,000,000 | -26,000,000 | -53,000,000 | 54,000,000 | -637,000,000 | 904,000,000 | 1,139,000,000 | 777,000,000 | 617,000,000 | 772,000,000 | 709,000,000 | 646,000,000 | -11,000,000 | 592,000,000 | 610,000,000 | 747,000,000 | 638,000,000 | 907,000,000 | 850,000,000 | 741,000,000 | 512,000,000 | 627,000,000 | 486,000,000 | 477,000,000 | 212,000,000 | |||||||||||||||||||||||||||||||||||
loss from discontinued operations | -500,000 | -2,000,000 | -1,000,000 | -4,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -5,000,000 | -5,500,000 | -6,000,000 | -8,000,000 | -8,000,000 | -1,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
amounts attributable to company shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 28, 10, 51 and 20 | -121,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before income taxes | -1,000,000 | -57,000,000 | -1,862,500,000 | -52,000,000 | -3,291,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merger-related costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 23 and 10 | -242,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -32,000,000 | -2,416,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to company | -32,000,000 | -2,412,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net loss per share attributable to company | -0.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
baker hughes related costs and termination fee | 3,519,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 18, 3, 38 and 10 | -125,500,000 | -141,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share attributable to company shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.16 | 0.01 | -3.73 | -2.81 | -0.03 | -0.06 | 0.06 | -0.76 | 1.07 | 1.42 | 0.92 | 0.73 | 0.91 | 0.79 | 0.7 | -0.02 | 0.72 | 0.65 | 0.8 | 0.68 | 0.98 | 0.74 | 0.81 | 0.56 | 0.66 | 0.6 | 0.53 | 0.23 | |||||||||||||||||||||||||||||||||||||
diluted income per share attributable to company shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 10, 4, 20 and 7 | -196,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
baker hughes acquisition-related costs | 538,000,000 | 105,000,000 | 82,000,000 | 83,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 10 and 3 | -165,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 1 and 2 | -2,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss per share attributable to company shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per share attributable to company shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 3, 3, 10 and 10 | -77,750,000 | -99,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income tax benefit of 0, (10), 3 and | -1,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 1,000,000 | 66,000,000 | -2,000,000 | 2,000,000 | -165,000,000 | -20,000,000 | 59,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 4, 4, 7 and 7 | -106,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 1, 1, 3 and 2 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 3 and 3 | -106,000,000 | -93,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 2 and 1 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
activity related to the macondo well incident | -195,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 3, 1, 10 and 6 | -70,750,000 | -96,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | -336,000,000 | -411,000,000 | -299,000,000 | -268,000,000 | -296,000,000 | -256,000,000 | -307,000,000 | -267,000,000 | -357,000,000 | -304,000,000 | -447,000,000 | -411,000,000 | -352,000,000 | -229,000,000 | -283,000,000 | -249,000,000 | -200,000,000 | -121,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income tax benefit of (10), 1, and 1 | 15,750,000 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency for macondo well incident | 1,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 4, 2, 7 and 5 | -94,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income tax benefit of 1, , 2 and 0 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in net loss of subsidiaries | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 1, 1, 6, and 5 | -58,250,000 | -91,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 1, 1, 1, and 2 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in net income of subsidiaries | -2,000,000 | -2,000,000 | -4,000,000 | -2,000,000 | -3,000,000 | -2,000,000 | -2,000,000 | -3,000,000 | -1,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -1,000,000 | -3,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 2, 2, 5, and 4 | -71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income tax benefit of , , 0, and 2 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 3 and 2 | -71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 2 and 5 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 1, 1, 5, and 4 | -56,250,000 | -71,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 1, | -5,500,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 2, 2, 4, and 3 | -80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income tax benefit of , 1, 2, and 1 | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 2 and 1 | -74,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 5 and 0 | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 1, 3, 4, and 9 | -48,500,000 | -62,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit of (19), 64, (18), and 63 | -41,500,000 | -165,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 2, 3, 3, and 6 | -63,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit of 1, , 1, and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 1 and 3 | -69,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income tax benefit of 0 and 3 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 3, 3, 9, and 8 | -57,000,000 | -76,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit of 64, 2, 63, and 3 | 15,000,000 | 59,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of interest income of 3, 3, 6, and 5 | -76,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit of , 1, , and 1 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -79,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit of 3 and 0 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share attributable to company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per share attributable to company |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents | 2,206,000,000 | 2,026,000,000 | 2,038,000,000 | 1,804,000,000 | 2,618,000,000 | 2,178,000,000 | 2,138,000,000 | 1,891,000,000 | 2,264,000,000 | 2,036,000,000 | 2,105,000,000 | 1,879,000,000 | 2,346,000,000 | 1,977,000,000 | 2,226,000,000 | 2,154,000,000 | 3,044,000,000 | 2,632,000,000 | 2,658,000,000 | 2,446,000,000 | 2,563,000,000 | 2,115,000,000 | 1,811,000,000 | 1,385,000,000 | 2,268,000,000 | 1,571,000,000 | 1,176,000,000 | 1,380,000,000 | 2,008,000,000 | 2,057,000,000 | 2,058,000,000 | 2,332,000,000 | 2,337,000,000 | 1,898,000,000 | 2,139,000,000 | 2,107,000,000 | 4,009,000,000 | 3,289,000,000 | 3,108,000,000 | 9,593,000,000 | 10,077,000,000 | 2,249,000,000 | 2,760,000,000 | 2,294,000,000 | 2,291,000,000 | 2,029,000,000 | 2,360,000,000 | 2,123,000,000 | 2,356,000,000 | 1,491,000,000 | 1,412,000,000 | 2,029,000,000 | 2,484,000,000 | 2,032,000,000 | 2,172,000,000 | 2,655,000,000 | 2,698,000,000 | 1,775,000,000 | 1,438,000,000 | 1,030,000,000 | 1,398,000,000 | 1,875,000,000 | 1,160,000,000 | 1,383,000,000 | 2,082,000,000 |
receivables | 4,942,000,000 | 5,161,000,000 | 4,970,000,000 | 5,204,000,000 | 5,117,000,000 | 5,339,000,000 | 5,327,000,000 | 5,103,000,000 | 4,860,000,000 | 5,124,000,000 | 4,946,000,000 | 5,195,000,000 | 4,627,000,000 | 4,614,000,000 | 4,390,000,000 | 4,026,000,000 | 3,666,000,000 | 3,525,000,000 | 3,459,000,000 | 3,250,000,000 | 3,071,000,000 | 3,145,000,000 | 3,345,000,000 | 4,850,000,000 | 4,577,000,000 | 5,290,000,000 | 5,700,000,000 | 5,622,000,000 | 5,234,000,000 | 5,526,000,000 | 5,403,000,000 | 5,255,000,000 | 5,036,000,000 | 4,852,000,000 | 4,385,000,000 | 4,008,000,000 | 3,922,000,000 | 4,360,000,000 | 4,725,000,000 | 4,983,000,000 | 5,317,000,000 | 5,791,000,000 | 5,633,000,000 | 6,419,000,000 | 7,564,000,000 | 7,555,000,000 | 6,781,000,000 | 6,314,000,000 | 6,181,000,000 | 6,626,000,000 | 6,359,000,000 | 6,210,000,000 | 5,787,000,000 | 5,870,000,000 | 5,674,000,000 | 5,336,000,000 | 5,084,000,000 | 4,769,000,000 | 4,448,000,000 | 4,132,000,000 | 3,924,000,000 | 3,723,000,000 | 3,453,000,000 | 3,176,000,000 | 2,964,000,000 |
inventories | 2,976,000,000 | 3,095,000,000 | 3,071,000,000 | 3,044,000,000 | 3,040,000,000 | 3,194,000,000 | 3,282,000,000 | 3,258,000,000 | 3,226,000,000 | 3,336,000,000 | 3,241,000,000 | 3,133,000,000 | 2,923,000,000 | 2,842,000,000 | 2,654,000,000 | 2,578,000,000 | 2,361,000,000 | 2,354,000,000 | 2,355,000,000 | 2,349,000,000 | 2,349,000,000 | 2,580,000,000 | 2,745,000,000 | 3,220,000,000 | 3,139,000,000 | 3,380,000,000 | 3,347,000,000 | 3,264,000,000 | 3,028,000,000 | 2,887,000,000 | 2,637,000,000 | 2,458,000,000 | 2,396,000,000 | 2,444,000,000 | 2,283,000,000 | 2,295,000,000 | 2,275,000,000 | 2,475,000,000 | 2,650,000,000 | 2,893,000,000 | 2,417,000,000 | 2,692,000,000 | 2,831,000,000 | 3,467,000,000 | 3,571,000,000 | 3,650,000,000 | 3,529,000,000 | 3,415,000,000 | 3,305,000,000 | 3,399,000,000 | 3,341,000,000 | 3,257,000,000 | 3,186,000,000 | 3,539,000,000 | 3,297,000,000 | 2,916,000,000 | 2,570,000,000 | 2,412,000,000 | 2,235,000,000 | 2,099,000,000 | 1,940,000,000 | 1,889,000,000 | 1,767,000,000 | 1,658,000,000 | 1,598,000,000 |
other current assets | 1,274,000,000 | 1,356,000,000 | 1,592,000,000 | 1,477,000,000 | 1,607,000,000 | 1,332,000,000 | 1,131,000,000 | 1,171,000,000 | 1,193,000,000 | 1,104,000,000 | 1,151,000,000 | 1,038,000,000 | 1,056,000,000 | 978,000,000 | 992,000,000 | 959,000,000 | 872,000,000 | 920,000,000 | 1,455,000,000 | 1,475,000,000 | 942,000,000 | 1,183,000,000 | 1,198,000,000 | 1,200,000,000 | 1,228,000,000 | 979,000,000 | 997,000,000 | 922,000,000 | 881,000,000 | 966,000,000 | 924,000,000 | 990,000,000 | 875,000,000 | 897,000,000 | 896,000,000 | 863,000,000 | 886,000,000 | 933,000,000 | 998,000,000 | 438,000,000 | 632,000,000 | 2,105,000,000 | 1,896,000,000 | 1,645,000,000 | 563,000,000 | 1,613,000,000 | 1,495,000,000 | 1,634,000,000 | 737,000,000 | 1,374,000,000 | 1,509,000,000 | 1,656,000,000 | 1,278,000,000 | 1,325,000,000 | 1,391,000,000 | 794,000,000 | 754,000,000 | 712,000,000 | 710,000,000 | 675,000,000 | 714,000,000 | 605,000,000 | 614,000,000 | 541,000,000 | 472,000,000 |
total current assets | 11,398,000,000 | 11,638,000,000 | 11,671,000,000 | 11,529,000,000 | 12,382,000,000 | 12,043,000,000 | 11,878,000,000 | 11,423,000,000 | 11,543,000,000 | 11,600,000,000 | 11,443,000,000 | 11,245,000,000 | 10,952,000,000 | 10,411,000,000 | 10,262,000,000 | 9,717,000,000 | 9,943,000,000 | 9,431,000,000 | 9,927,000,000 | 9,520,000,000 | 9,475,000,000 | 9,023,000,000 | 9,099,000,000 | 10,655,000,000 | 11,212,000,000 | 11,220,000,000 | 11,220,000,000 | 11,188,000,000 | 11,151,000,000 | 11,436,000,000 | 11,436,000,000 | 11,035,000,000 | 10,777,000,000 | 10,144,000,000 | 10,260,000,000 | 9,828,000,000 | 11,677,000,000 | 11,760,000,000 | 12,580,000,000 | 19,105,000,000 | 21,609,000,000 | 14,919,000,000 | 15,224,000,000 | 13,825,000,000 | 15,068,000,000 | 14,847,000,000 | 14,165,000,000 | 13,486,000,000 | 13,704,000,000 | 12,890,000,000 | 12,621,000,000 | 13,152,000,000 | 13,086,000,000 | 12,766,000,000 | 12,534,000,000 | 12,018,000,000 | 11,577,000,000 | 10,306,000,000 | 9,540,000,000 | 9,028,000,000 | 8,886,000,000 | 9,216,000,000 | 9,203,000,000 | 8,814,000,000 | 8,638,000,000 |
property, plant, and equipment | 5,261,000,000 | 5,246,000,000 | 5,149,000,000 | 5,113,000,000 | 4,945,000,000 | 5,073,000,000 | 4,973,000,000 | 4,900,000,000 | 4,733,000,000 | 4,483,000,000 | 4,399,000,000 | 4,348,000,000 | 4,203,000,000 | 4,165,000,000 | 4,270,000,000 | 4,326,000,000 | 4,235,000,000 | 4,214,000,000 | 4,231,000,000 | 10,911,000,000 | 11,018,000,000 | 11,153,000,000 | 12,299,000,000 | 12,475,000,000 | 12,050,000,000 | 8,492,000,000 | 6,842,000,000 | 5,759,000,000 | |||||||||||||||||||||||||||||||||||||
goodwill | 2,938,000,000 | 2,938,000,000 | 2,964,000,000 | 2,891,000,000 | 2,838,000,000 | 2,838,000,000 | 2,858,000,000 | 2,850,000,000 | 2,850,000,000 | 2,850,000,000 | 2,840,000,000 | 2,829,000,000 | 2,829,000,000 | 2,828,000,000 | 2,828,000,000 | 2,850,000,000 | 2,843,000,000 | 2,841,000,000 | 2,804,000,000 | 2,804,000,000 | 2,804,000,000 | 2,804,000,000 | 2,801,000,000 | 2,812,000,000 | 2,812,000,000 | 2,832,000,000 | 2,825,000,000 | 2,824,000,000 | 2,825,000,000 | 2,800,000,000 | 2,824,000,000 | 2,707,000,000 | 2,693,000,000 | 2,685,000,000 | 2,407,000,000 | 2,419,000,000 | 2,414,000,000 | 2,383,000,000 | 2,383,000,000 | 2,383,000,000 | 2,109,000,000 | 2,124,000,000 | 1,983,000,000 | 2,332,000,000 | 2,330,000,000 | 2,312,000,000 | 2,267,000,000 | 2,193,000,000 | 2,168,000,000 | 2,125,000,000 | 2,116,000,000 | 2,119,000,000 | 2,135,000,000 | 2,075,000,000 | 1,986,000,000 | 1,966,000,000 | 1,776,000,000 | 1,373,000,000 | 1,369,000,000 | 1,323,000,000 | 1,315,000,000 | 1,254,000,000 | 1,132,000,000 | 1,138,000,000 | 1,100,000,000 |
deferred income taxes | 2,298,000,000 | 2,260,000,000 | 2,327,000,000 | 2,345,000,000 | 2,339,000,000 | 2,446,000,000 | 2,420,000,000 | 2,472,000,000 | 2,505,000,000 | 2,517,000,000 | 2,570,000,000 | 2,574,000,000 | 2,636,000,000 | 2,653,000,000 | 2,703,000,000 | 2,743,000,000 | 2,695,000,000 | 2,149,000,000 | 2,174,000,000 | 2,165,000,000 | 2,166,000,000 | 2,056,000,000 | 2,034,000,000 | 1,595,000,000 | 1,683,000,000 | 1,344,000,000 | 1,408,000,000 | 1,348,000,000 | 1,384,000,000 | 1,128,000,000 | 1,117,000,000 | 1,227,000,000 | 1,230,000,000 | 2,191,000,000 | 2,232,000,000 | 2,141,000,000 | 1,960,000,000 | 1,944,000,000 | 1,856,000,000 | ||||||||||||||||||||||||||
operating lease right-of-use assets | 938,000,000 | 972,000,000 | 973,000,000 | 984,000,000 | 1,022,000,000 | 1,001,000,000 | 1,026,000,000 | 1,082,000,000 | 1,088,000,000 | 1,032,000,000 | 1,054,000,000 | 940,000,000 | 913,000,000 | 927,000,000 | 894,000,000 | 913,000,000 | 934,000,000 | 984,000,000 | 735,000,000 | 760,000,000 | 786,000,000 | 761,000,000 | 750,000,000 | 897,000,000 | 931,000,000 | 985,000,000 | 978,000,000 | 1,019,000,000 | |||||||||||||||||||||||||||||||||||||
other assets | 2,177,000,000 | 2,182,000,000 | 2,196,000,000 | 2,281,000,000 | 1,893,000,000 | 2,058,000,000 | 1,897,000,000 | 1,854,000,000 | 1,797,000,000 | 1,710,000,000 | 1,683,000,000 | 1,632,000,000 | 1,577,000,000 | 1,541,000,000 | 1,593,000,000 | 1,580,000,000 | 1,580,000,000 | 1,385,000,000 | 1,063,000,000 | 1,095,000,000 | 1,124,000,000 | 1,197,000,000 | 1,264,000,000 | 1,440,000,000 | 1,429,000,000 | 1,687,000,000 | 1,671,000,000 | 1,757,000,000 | 1,661,000,000 | 1,566,000,000 | 1,563,000,000 | 1,626,000,000 | 1,864,000,000 | 2,338,000,000 | 2,052,000,000 | 2,082,000,000 | 2,417,000,000 | 1,927,000,000 | 1,957,000,000 | 3,192,000,000 | 2,313,000,000 | 2,187,000,000 | 2,246,000,000 | 2,131,000,000 | 2,367,000,000 | 2,374,000,000 | 2,375,000,000 | 2,114,000,000 | 2,029,000,000 | 1,984,000,000 | 1,928,000,000 | 1,904,000,000 | 1,932,000,000 | 1,793,000,000 | 1,688,000,000 | 1,787,000,000 | 1,832,000,000 | 1,532,000,000 | 1,421,000,000 | 1,391,000,000 | 1,254,000,000 | 1,242,000,000 | 1,030,000,000 | 1,048,000,000 | 1,041,000,000 |
total assets | 25,010,000,000 | 25,164,000,000 | 25,377,000,000 | 25,179,000,000 | 25,587,000,000 | 25,331,000,000 | 25,152,000,000 | 24,654,000,000 | 24,683,000,000 | 24,442,000,000 | 24,073,000,000 | 23,619,000,000 | 23,255,000,000 | 22,563,000,000 | 22,445,000,000 | 22,073,000,000 | 22,321,000,000 | 21,025,000,000 | 20,917,000,000 | 20,575,000,000 | 20,680,000,000 | 20,874,000,000 | 21,104,000,000 | 23,622,000,000 | 25,377,000,000 | 26,789,000,000 | 26,880,000,000 | 26,989,000,000 | 25,982,000,000 | 25,751,000,000 | 25,765,000,000 | 25,191,000,000 | 25,085,000,000 | 25,790,000,000 | 25,325,000,000 | 24,885,000,000 | 27,000,000,000 | 26,755,000,000 | 27,737,000,000 | 33,932,000,000 | 36,942,000,000 | 30,248,000,000 | 30,606,000,000 | 30,587,000,000 | 32,240,000,000 | 31,583,000,000 | 30,484,000,000 | 29,256,000,000 | 29,223,000,000 | 27,948,000,000 | 27,418,000,000 | 27,684,000,000 | 27,410,000,000 | 26,312,000,000 | 25,571,000,000 | 24,668,000,000 | 23,677,000,000 | 21,204,000,000 | 19,956,000,000 | 18,990,000,000 | 18,297,000,000 | 18,198,000,000 | 17,540,000,000 | 16,980,000,000 | 16,538,000,000 |
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 3,133,000,000 | 3,182,000,000 | 3,231,000,000 | 3,168,000,000 | 3,189,000,000 | 3,009,000,000 | 3,295,000,000 | 3,092,000,000 | 3,147,000,000 | 3,238,000,000 | 3,188,000,000 | 3,180,000,000 | 3,121,000,000 | 3,064,000,000 | 2,794,000,000 | 2,561,000,000 | 2,353,000,000 | 2,011,000,000 | 1,891,000,000 | 1,769,000,000 | 1,573,000,000 | 1,548,000,000 | 1,708,000,000 | 2,640,000,000 | 2,432,000,000 | 2,733,000,000 | 3,017,000,000 | 3,080,000,000 | 3,018,000,000 | 3,142,000,000 | 3,029,000,000 | 2,830,000,000 | 2,554,000,000 | 2,416,000,000 | 2,166,000,000 | 2,006,000,000 | 1,764,000,000 | 1,543,000,000 | 1,490,000,000 | 1,844,000,000 | 2,019,000,000 | 2,193,000,000 | 2,181,000,000 | 2,424,000,000 | 2,814,000,000 | 3,005,000,000 | 2,727,000,000 | 2,525,000,000 | 2,365,000,000 | 2,278,000,000 | 2,251,000,000 | 2,197,000,000 | 2,041,000,000 | 2,136,000,000 | 2,113,000,000 | 1,941,000,000 | 1,826,000,000 | 1,733,000,000 | 1,554,000,000 | 1,372,000,000 | 1,139,000,000 | 1,095,000,000 | 1,069,000,000 | 964,000,000 | 787,000,000 |
accrued employee compensation and benefits | 767,000,000 | 745,000,000 | 616,000,000 | 632,000,000 | 711,000,000 | 690,000,000 | 619,000,000 | 542,000,000 | 689,000,000 | 643,000,000 | 567,000,000 | 474,000,000 | 634,000,000 | 538,000,000 | 513,000,000 | 434,000,000 | 493,000,000 | 583,000,000 | 528,000,000 | 479,000,000 | 517,000,000 | 503,000,000 | 486,000,000 | 547,000,000 | 604,000,000 | 657,000,000 | 650,000,000 | 683,000,000 | 714,000,000 | 722,000,000 | 635,000,000 | 647,000,000 | 746,000,000 | 706,000,000 | 583,000,000 | 544,000,000 | 544,000,000 | 535,000,000 | 549,000,000 | 609,000,000 | 838,000,000 | 871,000,000 | 809,000,000 | 774,000,000 | 1,033,000,000 | 986,000,000 | 940,000,000 | 823,000,000 | 1,029,000,000 | 928,000,000 | 867,000,000 | 771,000,000 | 930,000,000 | 827,000,000 | 789,000,000 | 693,000,000 | 862,000,000 | 733,000,000 | 706,000,000 | 637,000,000 | 716,000,000 | 666,000,000 | 583,000,000 | 520,000,000 | 514,000,000 |
income taxes payable | 375,000,000 | 354,000,000 | 341,000,000 | 362,000,000 | 449,000,000 | 390,000,000 | 294,000,000 | 261,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes other than income | 291,000,000 | 273,000,000 | 250,000,000 | 237,000,000 | 328,000,000 | 281,000,000 | 294,000,000 | 311,000,000 | 370,000,000 | 332,000,000 | 350,000,000 | 299,000,000 | 349,000,000 | 293,000,000 | 337,000,000 | 267,000,000 | 292,000,000 | 292,000,000 | 310,000,000 | 248,000,000 | 231,000,000 | 218,000,000 | 293,000,000 | 407,000,000 | |||||||||||||||||||||||||||||||||||||||||
current portion of operating lease liabilities | 263,000,000 | 294,000,000 | 261,000,000 | 264,000,000 | 263,000,000 | 251,000,000 | 258,000,000 | 267,000,000 | 262,000,000 | 248,000,000 | 253,000,000 | 227,000,000 | 224,000,000 | 224,000,000 | 227,000,000 | 237,000,000 | 240,000,000 | 258,000,000 | 247,000,000 | 250,000,000 | 251,000,000 | 240,000,000 | 212,000,000 | 222,000,000 | 208,000,000 | 208,000,000 | 215,000,000 | 255,000,000 | |||||||||||||||||||||||||||||||||||||
current maturities of long-term debt | 382,000,000 | 381,000,000 | 381,000,000 | 381,000,000 | 7,000,000 | 11,000,000 | 515,000,000 | 515,000,000 | 695,000,000 | 195,000,000 | 188,000,000 | 193,000,000 | 97,000,000 | 163,000,000 | 152,000,000 | 763,000,000 | 3,186,000,000 | 659,000,000 | 648,000,000 | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 | ||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 759,000,000 | 724,000,000 | 764,000,000 | 779,000,000 | 729,000,000 | 747,000,000 | 708,000,000 | 739,000,000 | 750,000,000 | 692,000,000 | 721,000,000 | 793,000,000 | 723,000,000 | 607,000,000 | 690,000,000 | 678,000,000 | 660,000,000 | 1,083,000,000 | 1,153,000,000 | 1,212,000,000 | 1,093,000,000 | 1,437,000,000 | 1,500,000,000 | 1,451,000,000 | 1,324,000,000 | 1,094,000,000 | 1,073,000,000 | 1,029,000,000 | 786,000,000 | 1,054,000,000 | 999,000,000 | 1,026,000,000 | 562,000,000 | 964,000,000 | 983,000,000 | 1,195,000,000 | 704,000,000 | 1,032,000,000 | 1,309,000,000 | 1,373,000,000 | 852,000,000 | 1,591,000,000 | 1,648,000,000 | 1,453,000,000 | 913,000,000 | 1,503,000,000 | 1,424,000,000 | 1,306,000,000 | 1,004,000,000 | 1,556,000,000 | 1,659,000,000 | 1,698,000,000 | 1,474,000,000 | 1,635,000,000 | 1,538,000,000 | 1,358,000,000 | 1,124,000,000 | 921,000,000 | 646,000,000 | 630,000,000 | 636,000,000 | 603,000,000 | 608,000,000 | 534,000,000 | 481,000,000 |
total current liabilities | 5,588,000,000 | 5,954,000,000 | 5,844,000,000 | 5,823,000,000 | 6,050,000,000 | 5,460,000,000 | 5,576,000,000 | 5,379,000,000 | 5,608,000,000 | 5,419,000,000 | 5,346,000,000 | 5,266,000,000 | 5,345,000,000 | 4,968,000,000 | 4,766,000,000 | 4,444,000,000 | 4,306,000,000 | 3,946,000,000 | 4,334,000,000 | 4,225,000,000 | 4,421,000,000 | 3,923,000,000 | 4,094,000,000 | 5,053,000,000 | 4,878,000,000 | 4,692,000,000 | 4,955,000,000 | 5,047,000,000 | 4,802,000,000 | 4,953,000,000 | 5,107,000,000 | 4,969,000,000 | 4,862,000,000 | 4,601,000,000 | 4,068,000,000 | 3,842,000,000 | 4,023,000,000 | 3,631,000,000 | 4,478,000,000 | 7,412,000,000 | 5,359,000,000 | 5,703,000,000 | 5,005,000,000 | 5,018,000,000 | 5,883,000,000 | 5,889,000,000 | 5,369,000,000 | 4,932,000,000 | 5,026,000,000 | 4,762,000,000 | 4,777,000,000 | 4,666,000,000 | 4,752,000,000 | 4,598,000,000 | 4,440,000,000 | 4,310,000,000 | 4,121,000,000 | 3,656,000,000 | 3,166,000,000 | 2,919,000,000 | 2,757,000,000 | 3,333,000,000 | 3,315,000,000 | 3,145,000,000 | 2,889,000,000 |
long-term debt | 7,158,000,000 | 7,157,000,000 | 7,163,000,000 | 7,160,000,000 | 7,160,000,000 | 7,639,000,000 | 7,638,000,000 | 7,637,000,000 | 7,636,000,000 | 7,783,000,000 | 7,931,000,000 | 7,929,000,000 | 7,928,000,000 | 7,927,000,000 | 8,525,000,000 | 8,530,000,000 | 9,127,000,000 | 9,125,000,000 | 9,124,000,000 | 9,127,000,000 | 9,132,000,000 | 9,632,000,000 | 9,638,000,000 | 9,633,000,000 | 10,316,000,000 | 10,313,000,000 | 10,307,000,000 | 10,307,000,000 | 10,421,000,000 | 10,424,000,000 | 10,427,000,000 | 10,428,000,000 | 10,430,000,000 | 10,423,000,000 | 10,816,000,000 | 10,812,000,000 | 12,214,000,000 | 12,163,000,000 | 12,158,000,000 | 12,207,000,000 | 14,687,000,000 | 7,243,000,000 | 7,838,000,000 | 7,841,000,000 | 7,840,000,000 | 7,816,000,000 | 7,816,000,000 | 7,816,000,000 | 7,816,000,000 | 7,816,000,000 | 4,820,000,000 | 4,820,000,000 | 4,820,000,000 | 4,820,000,000 | 4,820,000,000 | 4,820,000,000 | 4,820,000,000 | 3,824,000,000 | 3,824,000,000 | 3,824,000,000 | 3,824,000,000 | 3,824,000,000 | 3,824,000,000 | 3,824,000,000 | 3,824,000,000 |
operating lease liabilities | 712,000,000 | 734,000,000 | 756,000,000 | 769,000,000 | 798,000,000 | 805,000,000 | 832,000,000 | 883,000,000 | 911,000,000 | 869,000,000 | 892,000,000 | 812,000,000 | 791,000,000 | 803,000,000 | 786,000,000 | 815,000,000 | 845,000,000 | 907,000,000 | 688,000,000 | 718,000,000 | 758,000,000 | 754,000,000 | 779,000,000 | 803,000,000 | 825,000,000 | 762,000,000 | 761,000,000 | 758,000,000 | |||||||||||||||||||||||||||||||||||||
employee compensation and benefits | 428,000,000 | 421,000,000 | 406,000,000 | 389,000,000 | 414,000,000 | 392,000,000 | 375,000,000 | 381,000,000 | 408,000,000 | 392,000,000 | 385,000,000 | 377,000,000 | 408,000,000 | 473,000,000 | 466,000,000 | 460,000,000 | 492,000,000 | 547,000,000 | 536,000,000 | 518,000,000 | 562,000,000 | 530,000,000 | 511,000,000 | 477,000,000 | 525,000,000 | 476,000,000 | 469,000,000 | 454,000,000 | 483,000,000 | 594,000,000 | 585,000,000 | 588,000,000 | 609,000,000 | 571,000,000 | 550,000,000 | 539,000,000 | 574,000,000 | 449,000,000 | 449,000,000 | 447,000,000 | 457,000,000 | 576,000,000 | 595,000,000 | 643,000,000 | 691,000,000 | 580,000,000 | 583,000,000 | 570,000,000 | 584,000,000 | 575,000,000 | 565,000,000 | 566,000,000 | 607,000,000 | 524,000,000 | 512,000,000 | 509,000,000 | 534,000,000 | 477,000,000 | 483,000,000 | 479,000,000 | 487,000,000 | 445,000,000 | 430,000,000 | 425,000,000 | 462,000,000 |
other liabilities | 619,000,000 | 652,000,000 | 661,000,000 | 629,000,000 | 617,000,000 | 683,000,000 | 685,000,000 | 692,000,000 | 687,000,000 | 790,000,000 | 792,000,000 | 790,000,000 | 806,000,000 | 747,000,000 | 754,000,000 | 791,000,000 | 823,000,000 | 807,000,000 | 806,000,000 | 808,000,000 | 824,000,000 | 832,000,000 | 886,000,000 | 813,000,000 | 808,000,000 | 784,000,000 | 864,000,000 | 798,000,000 | 732,000,000 | 763,000,000 | 803,000,000 | 815,000,000 | 835,000,000 | 949,000,000 | 938,000,000 | 703,000,000 | 741,000,000 | 786,000,000 | 875,000,000 | 806,000,000 | 944,000,000 | 1,174,000,000 | 1,014,000,000 | 1,023,000,000 | 1,089,000,000 | 975,000,000 | 1,107,000,000 | 1,164,000,000 | 1,160,000,000 | 955,000,000 | 869,000,000 | 873,000,000 | 1,441,000,000 | 1,179,000,000 | 1,238,000,000 | 1,165,000,000 | 986,000,000 | 871,000,000 | 825,000,000 | 828,000,000 | 842,000,000 | 743,000,000 | 587,000,000 | 626,000,000 | 606,000,000 |
total liabilities | 14,505,000,000 | 14,918,000,000 | 14,830,000,000 | 14,770,000,000 | 15,039,000,000 | 14,979,000,000 | 15,106,000,000 | 14,972,000,000 | 15,250,000,000 | 15,253,000,000 | 15,346,000,000 | 15,174,000,000 | 15,278,000,000 | 14,918,000,000 | 15,297,000,000 | 15,040,000,000 | 15,593,000,000 | 15,332,000,000 | 15,488,000,000 | 15,396,000,000 | 15,697,000,000 | 15,671,000,000 | 15,908,000,000 | 16,779,000,000 | 17,352,000,000 | 17,027,000,000 | 17,356,000,000 | 17,364,000,000 | 16,438,000,000 | 16,734,000,000 | 16,922,000,000 | 16,800,000,000 | 16,736,000,000 | 16,544,000,000 | 16,372,000,000 | 15,896,000,000 | 17,552,000,000 | 17,029,000,000 | 17,960,000,000 | 20,872,000,000 | 21,447,000,000 | 14,768,000,000 | 14,891,000,000 | 14,964,000,000 | 15,942,000,000 | 16,065,000,000 | 15,897,000,000 | 15,504,000,000 | 15,608,000,000 | 15,130,000,000 | 12,053,000,000 | 11,947,000,000 | 11,620,000,000 | 11,121,000,000 | 11,010,000,000 | 10,804,000,000 | 10,461,000,000 | 8,828,000,000 | 8,298,000,000 | 8,050,000,000 | 7,910,000,000 | 8,345,000,000 | 8,156,000,000 | 8,020,000,000 | 7,781,000,000 |
shareholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 2,659,000,000 | 2,659,000,000 | 2,661,000,000 | 2,661,000,000 | 2,662,000,000 | 2,662,000,000 | 2,663,000,000 | 2,662,000,000 | 2,663,000,000 | 2,663,000,000 | 2,663,000,000 | 2,664,000,000 | 2,664,000,000 | 2,664,000,000 | 2,665,000,000 | 2,665,000,000 | 2,665,000,000 | 2,666,000,000 | 2,666,000,000 | 2,666,000,000 | 2,666,000,000 | 2,666,000,000 | 2,666,000,000 | 2,669,000,000 | 2,669,000,000 | ||||||||||||||||||||||||||||||||||||||||
paid-in capital in excess of par value | 112,000,000 | 31,000,000 | 59,000,000 | 79,000,000 | 38,000,000 | 63,000,000 | 26,000,000 | 50,000,000 | 32,000,000 | 32,000,000 | 24,000,000 | 26,000,000 | 34,000,000 | 23,000,000 | 125,000,000 | 110,000,000 | 143,000,000 | 108,000,000 | 58,000,000 | 224,000,000 | 211,000,000 | 170,000,000 | 125,000,000 | 222,000,000 | 207,000,000 | 169,000,000 | 131,000,000 | 222,000,000 | 201,000,000 | 184,000,000 | 253,000,000 | 279,000,000 | 274,000,000 | 243,000,000 | 176,000,000 | 309,000,000 | 309,000,000 | 299,000,000 | 244,000,000 | 410,000,000 | 415,000,000 | 401,000,000 | 367,000,000 | 485,000,000 | 486,000,000 | 455,000,000 | 424,000,000 | 478,000,000 | 455,000,000 | 430,000,000 | 360,000,000 | 385,000,000 | 339,000,000 | 304,000,000 | 357,000,000 | 395,000,000 | 411,000,000 | ||||||||
accumulated other comprehensive loss | -363,000,000 | -356,000,000 | -359,000,000 | -353,000,000 | -329,000,000 | -332,000,000 | -332,000,000 | -331,000,000 | -227,000,000 | -228,000,000 | -229,000,000 | -230,000,000 | -181,000,000 | -179,000,000 | -178,000,000 | -183,000,000 | -360,000,000 | -360,000,000 | -362,000,000 | -362,000,000 | -340,000,000 | -342,000,000 | -351,000,000 | -362,000,000 | -353,000,000 | -352,000,000 | -354,000,000 | -355,000,000 | -463,000,000 | -470,000,000 | -471,000,000 | -469,000,000 | -448,000,000 | -450,000,000 | -452,000,000 | -454,000,000 | -360,000,000 | -361,000,000 | -364,000,000 | -363,000,000 | -451,000,000 | -298,000,000 | -402,000,000 | -399,000,000 | -307,000,000 | -303,000,000 | -303,000,000 | -307,000,000 | -300,000,000 | -302,000,000 | -303,000,000 | -309,000,000 | -262,000,000 | -261,000,000 | -266,000,000 | -273,000,000 | -240,000,000 | -237,000,000 | -238,000,000 | -240,000,000 | -209,000,000 | -209,000,000 | -206,000,000 | -213,000,000 | |
retained earnings | 15,036,000,000 | 14,590,000,000 | 14,716,000,000 | 14,389,000,000 | 14,332,000,000 | 13,865,000,000 | 13,450,000,000 | 12,988,000,000 | 12,536,000,000 | 12,018,000,000 | 11,459,000,000 | 11,075,000,000 | 10,572,000,000 | 10,024,000,000 | 9,617,000,000 | 9,780,000,000 | 9,710,000,000 | 8,927,000,000 | 8,896,000,000 | 8,709,000,000 | 8,691,000,000 | 8,987,000,000 | 9,098,000,000 | 10,814,000,000 | 11,989,000,000 | 13,800,000,000 | 13,652,000,000 | 13,734,000,000 | 13,739,000,000 | 13,216,000,000 | 12,939,000,000 | 12,586,000,000 | 12,668,000,000 | 13,649,000,000 | 13,441,000,000 | 13,569,000,000 | 14,141,000,000 | 14,445,000,000 | 14,595,000,000 | 17,958,000,000 | 20,524,000,000 | 20,706,000,000 | 20,914,000,000 | 21,013,000,000 | 21,809,000,000 | 21,060,000,000 | 19,984,000,000 | 19,337,000,000 | 18,842,000,000 | 18,177,000,000 | 17,577,000,000 | 17,048,000,000 | 17,182,000,000 | 16,596,000,000 | 16,077,000,000 | 15,424,000,000 | 14,880,000,000 | 14,057,000,000 | 13,456,000,000 | 12,800,000,000 | 12,371,000,000 | 11,848,000,000 | 11,386,000,000 | 10,988,000,000 | 10,863,000,000 |
treasury stock | -6,983,000,000 | -6,766,000,000 | -6,547,000,000 | -6,383,000,000 | -6,214,000,000 | -5,940,000,000 | -5,781,000,000 | -5,682,000,000 | -5,540,000,000 | -5,330,000,000 | -5,201,000,000 | -5,095,000,000 | -5,108,000,000 | -4,918,000,000 | -4,973,000,000 | -5,250,000,000 | -5,511,000,000 | -5,576,000,000 | -5,808,000,000 | -5,877,000,000 | -6,021,000,000 | -6,136,000,000 | -6,358,000,000 | -6,412,000,000 | -6,427,000,000 | -6,480,000,000 | -6,520,000,000 | -6,670,000,000 | -6,744,000,000 | -6,597,000,000 | -6,443,000,000 | -6,644,000,000 | -6,757,000,000 | -6,826,000,000 | -6,878,000,000 | -7,062,000,000 | -7,153,000,000 | -7,262,000,000 | -7,428,000,000 | -7,534,000,000 | -7,650,000,000 | -7,727,000,000 | -7,784,000,000 | -8,007,000,000 | -8,131,000,000 | -8,240,000,000 | -8,042,000,000 | -8,399,000,000 | -8,049,000,000 | -8,171,000,000 | -4,986,000,000 | -4,201,000,000 | -4,276,000,000 | -4,303,000,000 | -4,383,000,000 | -4,475,000,000 | -4,547,000,000 | -4,571,000,000 | -4,617,000,000 | -4,701,000,000 | -4,771,000,000 | -4,773,000,000 | -4,851,000,000 | -4,915,000,000 | -5,002,000,000 |
company shareholders' equity | 10,461,000,000 | 10,203,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in consolidated subsidiaries | 44,000,000 | 43,000,000 | 42,000,000 | 42,000,000 | 42,000,000 | 56,000,000 | 46,000,000 | 46,000,000 | 42,000,000 | 39,000,000 | 34,000,000 | 30,000,000 | 29,000,000 | 24,000,000 | 18,000,000 | 16,000,000 | 15,000,000 | 12,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 3,000,000 | 7,000,000 | 13,000,000 | 13,000,000 | 17,000,000 | 16,000,000 | 20,000,000 | 22,000,000 | 19,000,000 | 20,000,000 | 26,000,000 | 27,000,000 | 29,000,000 | 36,000,000 | 38,000,000 | 39,000,000 | 44,000,000 | 43,000,000 | 45,000,000 | 33,000,000 | 32,000,000 | 30,000,000 | 32,000,000 | 31,000,000 | 27,000,000 | 25,000,000 | 27,000,000 | 34,000,000 | 30,000,000 | 28,000,000 | 27,000,000 | 25,000,000 | 23,000,000 | 21,000,000 | 20,000,000 | 18,000,000 | 18,000,000 | 16,000,000 | 16,000,000 | 14,000,000 | 13,000,000 | 31,000,000 | 29,000,000 | 29,000,000 |
total shareholders' equity | 10,505,000,000 | 10,246,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 25,010,000,000 | 25,164,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 5,174,000,000 | 4,325,000,000 | 5,033,000,000 | 5,156,000,000 | 6,223,000,000 | 7,310,000,000 | 8,721,000,000 | 8,778,000,000 | 8,853,000,000 | 8,961,000,000 | 8,821,000,000 | 8,825,000,000 | 8,596,000,000 | 8,521,000,000 | 8,432,000,000 | 8,374,000,000 | 8,415,000,000 | 8,532,000,000 | 8,741,000,000 | 8,961,000,000 | 9,252,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
paid-in-capital in excess of par value | 74,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -354,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
company shareholders’ equity | 10,505,000,000 | 10,367,000,000 | 10,506,000,000 | 10,296,000,000 | 10,000,000,000 | 9,636,000,000 | 9,391,000,000 | 9,150,000,000 | 8,693,000,000 | 8,415,000,000 | 7,948,000,000 | 7,621,000,000 | 7,130,000,000 | 7,017,000,000 | 6,713,000,000 | 5,681,000,000 | 5,420,000,000 | 5,170,000,000 | 4,974,000,000 | 5,200,000,000 | 5,189,000,000 | 6,830,000,000 | 8,012,000,000 | 9,745,000,000 | 9,508,000,000 | 9,605,000,000 | 9,522,000,000 | 8,998,000,000 | 8,823,000,000 | 8,365,000,000 | 8,322,000,000 | 9,217,000,000 | 8,917,000,000 | 8,951,000,000 | 9,409,000,000 | 9,682,000,000 | 9,734,000,000 | 13,015,000,000 | 15,462,000,000 | 15,448,000,000 | 15,685,000,000 | 15,591,000,000 | 16,267,000,000 | 15,491,000,000 | 14,562,000,000 | 13,725,000,000 | 13,581,000,000 | 12,788,000,000 | 15,337,000,000 | 15,710,000,000 | 15,765,000,000 | 15,168,000,000 | 14,540,000,000 | 13,844,000,000 | 13,198,000,000 | 12,358,000,000 | 11,642,000,000 | 10,924,000,000 | 10,373,000,000 | 9,840,000,000 | 9,353,000,000 | 8,931,000,000 | 8,728,000,000 | ||
total shareholders’ equity | 10,547,000,000 | 10,409,000,000 | 10,548,000,000 | 10,352,000,000 | 10,046,000,000 | 9,682,000,000 | 9,433,000,000 | 9,189,000,000 | 8,727,000,000 | 8,445,000,000 | 7,977,000,000 | 7,645,000,000 | 7,148,000,000 | 7,033,000,000 | 6,728,000,000 | 5,693,000,000 | 5,429,000,000 | 5,179,000,000 | 4,983,000,000 | 5,203,000,000 | 5,196,000,000 | 6,843,000,000 | 8,025,000,000 | 9,762,000,000 | 9,524,000,000 | 9,625,000,000 | 9,544,000,000 | 9,017,000,000 | 8,843,000,000 | 8,391,000,000 | 8,349,000,000 | 9,246,000,000 | 8,953,000,000 | 8,989,000,000 | 9,448,000,000 | 9,726,000,000 | 9,777,000,000 | 13,060,000,000 | 15,495,000,000 | 15,480,000,000 | 15,715,000,000 | 15,623,000,000 | 16,298,000,000 | 15,518,000,000 | 14,587,000,000 | 13,752,000,000 | 13,615,000,000 | 12,818,000,000 | 15,365,000,000 | 15,737,000,000 | 15,790,000,000 | 15,191,000,000 | 14,561,000,000 | 13,864,000,000 | 13,216,000,000 | 12,376,000,000 | 11,658,000,000 | 10,940,000,000 | 10,387,000,000 | 9,853,000,000 | 9,384,000,000 | 8,960,000,000 | 8,757,000,000 | ||
total liabilities and shareholders’ equity | 25,377,000,000 | 25,179,000,000 | 25,587,000,000 | 25,331,000,000 | 25,152,000,000 | 24,654,000,000 | 24,683,000,000 | 24,442,000,000 | 24,073,000,000 | 23,619,000,000 | 23,255,000,000 | 22,563,000,000 | 22,445,000,000 | 22,073,000,000 | 22,321,000,000 | 21,025,000,000 | 20,917,000,000 | 20,575,000,000 | 20,680,000,000 | 20,874,000,000 | 21,104,000,000 | 23,622,000,000 | 25,377,000,000 | 26,789,000,000 | 26,880,000,000 | 26,989,000,000 | 25,982,000,000 | 25,751,000,000 | 25,765,000,000 | 25,191,000,000 | 25,085,000,000 | 25,790,000,000 | 25,325,000,000 | 24,885,000,000 | 27,000,000,000 | 26,755,000,000 | 27,737,000,000 | 33,932,000,000 | 36,942,000,000 | 30,248,000,000 | 30,606,000,000 | 30,587,000,000 | 32,240,000,000 | 31,583,000,000 | 30,484,000,000 | 29,256,000,000 | 29,223,000,000 | 27,948,000,000 | 27,418,000,000 | 27,684,000,000 | 27,410,000,000 | 26,312,000,000 | 25,571,000,000 | 24,668,000,000 | 23,677,000,000 | 21,204,000,000 | 19,956,000,000 | 18,990,000,000 | 18,297,000,000 | 18,198,000,000 | 17,540,000,000 | 16,980,000,000 | 16,538,000,000 | ||
see notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax payable | 482,000,000 | 402,000,000 | 428,000,000 | 266,000,000 | 267,000,000 | 293,000,000 | 242,000,000 | 205,000,000 | 267,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for resale | 550,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, par value 2.50 per share | 2,670,000,000 | 2,670,000,000 | 2,671,000,000 | 2,671,000,000 | 2,672,000,000 | 2,672,000,000 | 2,672,000,000 | 2,673,000,000 | 2,673,000,000 | 2,673,000,000 | 2,674,000,000 | 2,674,000,000 | 2,675,000,000 | 2,675,000,000 | 2,676,000,000 | 2,677,000,000 | 2,677,000,000 | 2,677,000,000 | 2,678,000,000 | 2,679,000,000 | 2,679,000,000 | 2,679,000,000 | 2,680,000,000 | 2,680,000,000 | 2,681,000,000 | ||||||||||||||||||||||||||||||||||||||||
short-term borrowings and current maturities of long-term debt | 36,000,000 | 35,000,000 | 444,000,000 | 466,000,000 | 512,000,000 | 515,000,000 | 336,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 414,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid income taxes | 133,000,000 | 53,000,000 | 557,000,000 | 555,000,000 | 585,000,000 | 703,000,000 | 1,099,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 257,000,000 | 261,000,000 | 298,000,000 | 349,000,000 | 350,000,000 | 307,000,000 | 318,000,000 | 309,000,000 | 269,000,000 | 260,000,000 | 280,000,000 | 266,000,000 | 219,000,000 | 257,000,000 | 282,000,000 | 215,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities for macondo well incident | 369,000,000 | 369,000,000 | 367,000,000 | 400,000,000 | 400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
millions of dollars and shares except per share data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 1,198,000,000 | 1,051,000,000 | 658,000,000 | 737,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 2,115,000,000 | 2,082,000,000 | 2,104,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency for macondo well incident | 400,000,000 | 367,000,000 | 367,000,000 | 367,000,000 | 395,000,000 | 278,000,000 | 278,000,000 | 278,000,000 | 1,022,000,000 | 1,022,000,000 | 1,022,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current deferred income taxes | 421,000,000 | 388,000,000 | 351,000,000 | 317,000,000 | 321,000,000 | 238,000,000 | 258,000,000 | 240,000,000 | 257,000,000 | 244,000,000 | 274,000,000 | 248,000,000 | 210,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 10,318 and 9,480 | 11,677,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 10,004 and 9,480 | 11,463,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 9,480 and 8,056 | 11,322,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 9,137 and 8,056 | 10,949,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 8,796 and 8,056 | 10,753,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, par value 2.50 per share - authorized 2,000 shares, issued 1,072 and 1,073 shares | 2,681,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 8,381 and 8,056 | 10,509,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, par value 2.50 per share - authorized 2,000 shares, issued 1,073 shares | 2,681,000,000 | 2,682,000,000 | 2,683,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 8,056 and 7,096 | 10,257,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, par value 2.50 per share – authorized 2,000 shares, issued 1,073 and 1,073 shares | 2,682,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 7,727 and 7,096 | 9,678,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 7,514 and 7,096 | 9,363,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 7,393 and 7,096 | 8,897,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, par value 2.50 per share – authorized 2,000 shares, issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,073 shares | 2,683,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities | 150,000,000 | 400,000,000 | 451,000,000 | 852,000,000 | 653,000,000 | 880,000,000 | 1,935,000,000 | 1,808,000,000 | 1,312,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,073 shares and 1,069 shares | 2,683,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 6,842 and 6,064 | 7,993,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,073 and 1,069 shares | 2,682,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 6,611 and 6,064 | 7,626,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,072 and 1,069 shares | 2,680,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 6,313 and 6,064 | 7,248,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,071 and 1,069 shares | 2,678,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,069 shares and 1,067 shares | 2,674,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 5,844 and 5,230 | 6,486,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
department of justice (doj) settlement and indemnity | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,068 shares and 1,067 shares | 2,670,000,000 | 2,670,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 5,607 and 5,230 | 6,175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 5,406 and 5,230 | 5,980,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
department of justice | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement and indemnity | 95,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,068 and 1,067 shares | 2,669,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
department of justice (doj) and securities and exchange commission (sec) settlement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and indemnity, current | 142,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, par value 2.50 per share – authorized 2,000 shares, issued 1,067 | 2,669,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 589,000,000 | 20,000,000 | 480,000,000 | 203,000,000 | 614,000,000 | 580,000,000 | 713,000,000 | 609,000,000 | 667,000,000 | 724,000,000 | 616,000,000 | 655,000,000 | 665,000,000 | 549,000,000 | 117,000,000 | 264,000,000 | 827,000,000 | 240,000,000 | 230,000,000 | 171,000,000 | -227,000,000 | -19,000,000 | -1,681,000,000 | -1,015,000,000 | -1,654,000,000 | 296,000,000 | 77,000,000 | 152,000,000 | 668,000,000 | 434,000,000 | 508,000,000 | 47,000,000 | -26,000,000 | -53,000,000 | 53,000,000 | -641,000,000 | 905,000,000 | 1,205,000,000 | 775,000,000 | 616,000,000 | 795,000,000 | 708,000,000 | 648,000,000 | -16,000,000 | 672,000,000 | 604,000,000 | 739,000,000 | 630,000,000 | 907,000,000 | 685,000,000 | 741,000,000 | 511,000,000 | 607,000,000 | 545,000,000 | 483,000,000 | 207,000,000 | ||||||||
adjustments to reconcile net income to cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion, and amortization | 290,000,000 | 285,000,000 | 284,000,000 | 277,000,000 | 275,000,000 | 270,000,000 | 271,000,000 | 263,000,000 | 256,000,000 | 256,000,000 | 245,000,000 | 241,000,000 | 236,000,000 | 234,000,000 | 238,000,000 | 232,000,000 | 231,000,000 | 224,000,000 | 223,000,000 | 226,000,000 | 402,000,000 | 417,000,000 | 456,000,000 | 560,000,000 | 557,000,000 | 535,000,000 | 524,000,000 | 510,000,000 | 497,000,000 | 481,000,000 | 474,000,000 | 448,000,000 | 431,000,000 | 406,000,000 | 406,000,000 | 385,000,000 | 368,000,000 | 340,000,000 | 331,000,000 | 320,000,000 | 302,000,000 | 284,000,000 | 272,000,000 | 261,000,000 | ||||||||||||||||||||
impairments and other charges | 83,000,000 | 392,000,000 | 0 | 356,000,000 | 0 | 0 | 0 | 344,000,000 | 22,000,000 | 0 | 446,000,000 | 133,000,000 | 2,147,000,000 | 1,073,000,000 | 2,198,000,000 | 0 | 247,000,000 | 61,000,000 | -47,000,000 | 0 | 0 | 312,000,000 | 385,000,000 | 0 | 168,000,000 | 0 | 423,000,000 | 2,766,000,000 | 282,000,000 | 381,000,000 | 306,000,000 | 1,208,000,000 | ||||||||||||||||||||||||||||||||
deferred income tax provision | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 201,000,000 | -153,000,000 | 226,000,000 | -86,000,000 | 204,000,000 | -20,000,000 | -228,000,000 | -268,000,000 | 265,000,000 | -185,000,000 | 238,000,000 | -575,000,000 | 2,000,000 | -223,000,000 | -562,000,000 | -368,000,000 | -136,000,000 | -58,000,000 | -161,000,000 | -145,000,000 | 100,000,000 | 215,000,000 | 1,450,000,000 | -371,000,000 | 629,000,000 | 401,000,000 | -55,000,000 | -339,000,000 | 245,000,000 | -79,000,000 | -107,000,000 | -245,000,000 | -286,000,000 | -449,000,000 | -437,000,000 | -178,000,000 | 217,000,000 | 313,000,000 | 141,000,000 | 228,000,000 | 72,000,000 | -144,000,000 | 777,000,000 | 763,000,000 | -36,000,000 | -745,000,000 | -419,000,000 | -175,000,000 | 407,000,000 | -243,000,000 | -207,000,000 | -406,000,000 | 94,000,000 | -174,000,000 | -369,000,000 | -233,000,000 | -230,000,000 | -405,000,000 | -305,000,000 | -278,000,000 | -186,000,000 | -169,000,000 | -283,000,000 | -264,000,000 |
inventories | 118,000,000 | -14,000,000 | -20,000,000 | -4,000,000 | 131,000,000 | 61,000,000 | -13,000,000 | -32,000,000 | 110,000,000 | -95,000,000 | -108,000,000 | -210,000,000 | -81,000,000 | -190,000,000 | -146,000,000 | -225,000,000 | -7,000,000 | 3,000,000 | -5,000,000 | -1,000,000 | 225,000,000 | 154,000,000 | 40,000,000 | -79,000,000 | 178,000,000 | -33,000,000 | -111,000,000 | -236,000,000 | -139,000,000 | -236,000,000 | -187,000,000 | -119,000,000 | 20,000,000 | -44,000,000 | 13,000,000 | -18,000,000 | 164,000,000 | 175,000,000 | 179,000,000 | 34,000,000 | 176,000,000 | 94,000,000 | 15,000,000 | -132,000,000 | 72,000,000 | -101,000,000 | -113,000,000 | -105,000,000 | 103,000,000 | -56,000,000 | -84,000,000 | -70,000,000 | 357,000,000 | -244,000,000 | -378,000,000 | -346,000,000 | -96,000,000 | -178,000,000 | -131,000,000 | -159,000,000 | -51,000,000 | -118,000,000 | -108,000,000 | -54,000,000 |
accounts payable | -12,000,000 | -44,000,000 | 48,000,000 | -64,000,000 | 207,000,000 | -321,000,000 | 217,000,000 | -41,000,000 | -88,000,000 | 71,000,000 | 9,000,000 | 57,000,000 | 45,000,000 | 316,000,000 | 284,000,000 | 207,000,000 | 347,000,000 | 125,000,000 | 118,000,000 | 205,000,000 | -1,000,000 | -189,000,000 | -994,000,000 | 250,000,000 | -312,000,000 | -269,000,000 | -74,000,000 | 60,000,000 | -118,000,000 | 106,000,000 | 219,000,000 | 276,000,000 | 142,000,000 | 213,000,000 | 170,000,000 | 228,000,000 | 242,000,000 | 49,000,000 | -340,000,000 | -170,000,000 | -134,000,000 | 88,000,000 | -239,000,000 | -318,000,000 | -164,000,000 | 298,000,000 | 195,000,000 | 160,000,000 | 84,000,000 | 16,000,000 | 69,000,000 | 158,000,000 | -97,000,000 | 8,000,000 | 185,000,000 | 104,000,000 | 51,000,000 | 201,000,000 | 177,000,000 | 220,000,000 | 44,000,000 | -10,000,000 | 109,000,000 | 187,000,000 |
other operating activities | -127,000,000 | 2,000,000 | -122,000,000 | -305,000,000 | -123,000,000 | 155,000,000 | 121,000,000 | -44,000,000 | 4,000,000 | 103,000,000 | -137,000,000 | 143,000,000 | 226,000,000 | 67,000,000 | 14,000,000 | -95,000,000 | -14,000,000 | 20,000,000 | -45,000,000 | -186,000,000 | -54,000,000 | 417,000,000 | -262,000,000 | 19,000,000 | 296,000,000 | 59,000,000 | ||||||||||||||||||||||||||||||||||||||
total cash flows from operating activities | 1,165,000,000 | 488,000,000 | 896,000,000 | 377,000,000 | 1,456,000,000 | 841,000,000 | 1,081,000,000 | 487,000,000 | 1,410,000,000 | 874,000,000 | 1,052,000,000 | 122,000,000 | 1,163,000,000 | 753,000,000 | 376,000,000 | -50,000,000 | 682,000,000 | 617,000,000 | 409,000,000 | 203,000,000 | 638,000,000 | 420,000,000 | 598,000,000 | 225,000,000 | 1,167,000,000 | 871,000,000 | 451,000,000 | -44,000,000 | 852,000,000 | 777,000,000 | 956,000,000 | 572,000,000 | 1,011,000,000 | 1,106,000,000 | 346,000,000 | 5,000,000 | 1,059,000,000 | 1,041,000,000 | -3,632,000,000 | -171,000,000 | 885,000,000 | 26,000,000 | 1,183,000,000 | 812,000,000 | 1,149,000,000 | 838,000,000 | 1,121,000,000 | 954,000,000 | 1,898,000,000 | 1,078,000,000 | 1,122,000,000 | 349,000,000 | 1,741,000,000 | 778,000,000 | 401,000,000 | 734,000,000 | 1,318,000,000 | 978,000,000 | 823,000,000 | 565,000,000 | 850,000,000 | 554,000,000 | 491,000,000 | 317,000,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -337,000,000 | -261,000,000 | -354,000,000 | -302,000,000 | -426,000,000 | -339,000,000 | -347,000,000 | -330,000,000 | -399,000,000 | -409,000,000 | -303,000,000 | -268,000,000 | -350,000,000 | -251,000,000 | -221,000,000 | -189,000,000 | -316,000,000 | -188,000,000 | -191,000,000 | -104,000,000 | -218,000,000 | -155,000,000 | -142,000,000 | -213,000,000 | -340,000,000 | -345,000,000 | -408,000,000 | -437,000,000 | -551,000,000 | -409,000,000 | -565,000,000 | -501,000,000 | -439,000,000 | -342,000,000 | -327,000,000 | -265,000,000 | -173,000,000 | -178,000,000 | -213,000,000 | -234,000,000 | -436,000,000 | -525,000,000 | -519,000,000 | -704,000,000 | -999,000,000 | -909,000,000 | -732,000,000 | -643,000,000 | -859,000,000 | -679,000,000 | -711,000,000 | -685,000,000 | -1,047,000,000 | -868,000,000 | -869,000,000 | -782,000,000 | -789,000,000 | -741,000,000 | -719,000,000 | -704,000,000 | -657,000,000 | -557,000,000 | -451,000,000 | -404,000,000 |
free cash flows | 828,000,000 | 227,000,000 | 542,000,000 | 75,000,000 | 1,030,000,000 | 502,000,000 | 734,000,000 | 157,000,000 | 1,011,000,000 | 465,000,000 | 749,000,000 | -146,000,000 | 813,000,000 | 502,000,000 | 155,000,000 | -239,000,000 | 366,000,000 | 429,000,000 | 218,000,000 | 99,000,000 | 420,000,000 | 265,000,000 | 456,000,000 | 12,000,000 | 827,000,000 | 526,000,000 | 43,000,000 | -481,000,000 | 301,000,000 | 368,000,000 | 391,000,000 | 71,000,000 | 572,000,000 | 764,000,000 | 19,000,000 | -260,000,000 | 886,000,000 | 863,000,000 | -3,845,000,000 | -405,000,000 | 449,000,000 | -499,000,000 | 664,000,000 | 108,000,000 | 150,000,000 | -71,000,000 | 389,000,000 | 311,000,000 | 1,039,000,000 | 399,000,000 | 411,000,000 | -336,000,000 | 694,000,000 | -90,000,000 | -468,000,000 | -48,000,000 | 529,000,000 | 237,000,000 | 104,000,000 | -139,000,000 | 193,000,000 | -3,000,000 | 40,000,000 | -87,000,000 |
purchase of an equity investment | -20,000,000 | 2,000,000 | 0 | -345,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investment securities | -74,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to acquire businesses, net of cash acquired | -10,000,000 | -13,000,000 | -46,000,000 | -116,000,000 | -21,000,000 | -18,000,000 | 0 | -5,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of investment securities | 216,000,000 | 163,000,000 | 24,000,000 | 41,000,000 | 77,000,000 | 14,000,000 | 19,000,000 | 9,000,000 | 5,000,000 | 408,000,000 | 29,000,000 | 32,000,000 | 23,000,000 | 22,000,000 | 188,000,000 | 52,000,000 | 154,000,000 | 50,000,000 | 62,000,000 | 62,000,000 | 223,000,000 | 9,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sales of property, plant, and equipment | 47,000,000 | 49,000,000 | 40,000,000 | 49,000,000 | 74,000,000 | 41,000,000 | 59,000,000 | 49,000,000 | 59,000,000 | 46,000,000 | 49,000,000 | 41,000,000 | 43,000,000 | 41,000,000 | 60,000,000 | 56,000,000 | 112,000,000 | 40,000,000 | 47,000,000 | 58,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
sale of an equity investment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | -21,000,000 | -13,000,000 | -21,000,000 | -15,000,000 | -51,000,000 | -136,000,000 | 76,000,000 | -100,000,000 | -23,000,000 | -43,000,000 | 20,000,000 | -68,000,000 | -82,000,000 | -20,000,000 | -32,000,000 | -22,000,000 | -22,000,000 | -26,000,000 | -15,000,000 | -16,000,000 | -11,000,000 | 15,000,000 | -27,000,000 | -21,000,000 | -20,000,000 | -20,000,000 | -15,000,000 | -17,000,000 | -44,000,000 | -21,000,000 | -117,000,000 | 80,000,000 | -28,000,000 | -27,000,000 | -16,000,000 | -13,000,000 | -30,000,000 | -13,000,000 | -36,000,000 | -24,000,000 | -187,000,000 | 67,000,000 | -41,000,000 | 27,000,000 | -315,000,000 | 326,000,000 | -208,000,000 | -26,000,000 | -192,000,000 | -1,000,000 | 30,000,000 | 53,000,000 | -37,000,000 | -52,000,000 | 29,000,000 | 5,000,000 | 37,000,000 | 56,000,000 | 31,000,000 | 19,000,000 | 72,000,000 | 40,000,000 | 35,000,000 | 47,000,000 |
total cash flows from investing activities | -199,000,000 | -86,000,000 | -256,000,000 | -784,000,000 | -444,000,000 | -436,000,000 | -393,000,000 | -381,000,000 | -535,000,000 | -428,000,000 | -401,000,000 | -295,000,000 | -389,000,000 | -230,000,000 | -193,000,000 | -155,000,000 | -226,000,000 | -87,000,000 | -159,000,000 | -62,000,000 | -142,000,000 | -63,000,000 | -116,000,000 | -165,000,000 | -315,000,000 | -319,000,000 | -400,000,000 | -411,000,000 | -554,000,000 | -2,000,000 | -1,063,000,000 | -374,000,000 | -420,000,000 | -962,000,000 | -308,000,000 | -237,000,000 | -188,000,000 | -129,000,000 | -185,000,000 | -208,000,000 | -468,000,000 | -489,000,000 | -553,000,000 | -682,000,000 | -806,000,000 | -812,000,000 | -846,000,000 | -674,000,000 | -1,003,000,000 | -676,000,000 | -540,000,000 | -651,000,000 | -1,230,000,000 | -941,000,000 | -790,000,000 | -727,000,000 | -1,312,000,000 | -635,000,000 | -326,000,000 | -917,000,000 | -500,000,000 | 340,000,000 | -625,000,000 | -970,000,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock repurchase program | -250,000,000 | -250,000,000 | -257,000,000 | -250,000,000 | -309,000,000 | -196,000,000 | -250,000,000 | -250,000,000 | -254,000,000 | -198,000,000 | -248,000,000 | -100,000,000 | 0 | 0 | 0 | -100,000,000 | 0 | 0 | -200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
dividends to shareholders | -143,000,000 | -144,000,000 | -145,000,000 | -147,000,000 | -148,000,000 | -150,000,000 | -151,000,000 | -151,000,000 | -143,000,000 | -144,000,000 | -144,000,000 | -145,000,000 | -108,000,000 | -110,000,000 | -109,000,000 | -108,000,000 | -40,000,000 | -41,000,000 | -40,000,000 | -40,000,000 | -40,000,000 | -40,000,000 | -40,000,000 | -158,000,000 | -158,000,000 | -158,000,000 | -157,000,000 | -157,000,000 | -157,000,000 | -157,000,000 | -158,000,000 | -158,000,000 | -157,000,000 | -157,000,000 | -156,000,000 | -156,000,000 | -155,000,000 | -156,000,000 | -155,000,000 | -154,000,000 | -154,000,000 | -154,000,000 | -153,000,000 | -153,000,000 | -152,000,000 | -127,000,000 | -127,000,000 | -127,000,000 | -128,000,000 | -106,000,000 | -115,000,000 | -116,000,000 | -83,000,000 | -83,000,000 | -84,000,000 | -83,000,000 | -83,000,000 | -82,000,000 | -83,000,000 | -82,000,000 | ||||
payments on long-term borrowings | -155,000,000 | 0 | -600,000,000 | -2,000,000 | -640,000,000 | -4,000,000 | -504,000,000 | -4,000,000 | -188,000,000 | -1,000,000 | 0 | -2,000,000 | -1,651,000,000 | -2,000,000 | -9,000,000 | -410,000,000 | -17,000,000 | -9,000,000 | -8,000,000 | -10,000,000 | -57,000,000 | -1,566,000,000 | -22,000,000 | -624,000,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing activities | -87,000,000 | -11,000,000 | -3,000,000 | -9,000,000 | -93,000,000 | -1,000,000 | -15,000,000 | -21,000,000 | -128,000,000 | 9,000,000 | -3,000,000 | -4,000,000 | -214,000,000 | -2,000,000 | 36,000,000 | 80,000,000 | -63,000,000 | 3,000,000 | -1,000,000 | 5,000,000 | -81,000,000 | 5,000,000 | 8,000,000 | 12,000,000 | -103,000,000 | 27,000,000 | 4,000,000 | 2,000,000 | -167,000,000 | 16,000,000 | 24,000,000 | -12,000,000 | -154,000,000 | 30,000,000 | -1,000,000 | 63,000,000 | -172,000,000 | 61,000,000 | 25,000,000 | 77,000,000 | -50,000,000 | 75,000,000 | 12,000,000 | 51,000,000 | -340,000,000 | 81,000,000 | 117,000,000 | 113,000,000 | -236,000,000 | 141,000,000 | -54,000,000 | -29,000,000 | -45,000,000 | 107,000,000 | 37,000,000 | -12,000,000 | 66,000,000 | 15,000,000 | -20,000,000 | 7,000,000 | 195,000,000 | -96,000,000 | 1,000,000 | 44,000,000 |
total cash flows from financing activities | -771,000,000 | -405,000,000 | -405,000,000 | -406,000,000 | -545,000,000 | -347,000,000 | -416,000,000 | -422,000,000 | -544,000,000 | -483,000,000 | -395,000,000 | -249,000,000 | -343,000,000 | -712,000,000 | -75,000,000 | -668,000,000 | -28,000,000 | -542,000,000 | -45,000,000 | -223,000,000 | -35,000,000 | -35,000,000 | -34,000,000 | -903,000,000 | -145,000,000 | -142,000,000 | -253,000,000 | -155,000,000 | -338,000,000 | -751,000,000 | -151,000,000 | -179,000,000 | -151,000,000 | -369,000,000 | 18,000,000 | -1,659,000,000 | -89,000,000 | -719,000,000 | -2,655,000,000 | -77,000,000 | 7,403,000,000 | -79,000,000 | -141,000,000 | -102,000,000 | -160,000,000 | -346,000,000 | -10,000,000 | -514,000,000 | -87,000,000 | -338,000,000 | -1,184,000,000 | -145,000,000 | -54,000,000 | 24,000,000 | -93,000,000 | -49,000,000 | 921,000,000 | -3,000,000 | -76,000,000 | -9,000,000 | -818,000,000 | -178,000,000 | -81,000,000 | -37,000,000 |
effect of exchange rate changes on cash | -15,000,000 | -9,000,000 | -1,000,000 | -1,000,000 | -27,000,000 | -18,000,000 | -25,000,000 | -57,000,000 | -103,000,000 | -32,000,000 | -30,000,000 | -45,000,000 | -62,000,000 | -60,000,000 | -36,000,000 | -17,000,000 | -16,000,000 | -14,000,000 | 7,000,000 | -35,000,000 | -13,000,000 | -18,000,000 | -22,000,000 | -40,000,000 | -10,000,000 | -15,000,000 | -2,000,000 | -18,000,000 | -9,000,000 | -25,000,000 | -16,000,000 | -24,000,000 | -1,000,000 | -16,000,000 | -24,000,000 | -11,000,000 | -62,000,000 | -12,000,000 | -13,000,000 | -28,000,000 | 8,000,000 | 31,000,000 | -23,000,000 | -25,000,000 | 79,000,000 | -11,000,000 | -28,000,000 | 1,000,000 | 57,000,000 | 15,000,000 | -15,000,000 | -8,000,000 | -5,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -4,000,000 | -3,000,000 | -13,000,000 | -7,000,000 | -9,000,000 | -1,000,000 | -8,000,000 | -9,000,000 |
increase in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents at beginning of period | 0 | 0 | 0 | 2,618,000,000 | 0 | 0 | 2,264,000,000 | 0 | 0 | 2,346,000,000 | 0 | 0 | 3,044,000,000 | 0 | 0 | 2,563,000,000 | 0 | 0 | 2,268,000,000 | 0 | 0 | 2,008,000,000 | 0 | 0 | 2,337,000,000 | 0 | 0 | 4,009,000,000 | 0 | 0 | 10,077,000,000 | 0 | 0 | 2,291,000,000 | 0 | 0 | 2,356,000,000 | 0 | 0 | 2,484,000,000 | 0 | 0 | 2,698,000,000 | 0 | 0 | 1,398,000,000 | 0 | 0 | 2,082,000,000 | |||||||||||||||
cash and equivalents at end of period | 180,000,000 | -12,000,000 | 234,000,000 | 1,804,000,000 | 40,000,000 | 247,000,000 | 1,891,000,000 | -69,000,000 | 226,000,000 | 1,879,000,000 | -249,000,000 | 72,000,000 | 2,154,000,000 | -26,000,000 | 212,000,000 | 2,446,000,000 | 304,000,000 | 426,000,000 | 1,385,000,000 | 395,000,000 | -204,000,000 | 1,380,000,000 | -1,000,000 | -274,000,000 | 2,332,000,000 | -241,000,000 | 32,000,000 | 2,107,000,000 | 181,000,000 | -6,485,000,000 | 9,593,000,000 | -511,000,000 | 466,000,000 | 2,294,000,000 | -331,000,000 | 237,000,000 | 2,123,000,000 | 79,000,000 | -617,000,000 | 2,029,000,000 | -140,000,000 | -483,000,000 | 2,655,000,000 | 337,000,000 | 408,000,000 | 1,030,000,000 | 715,000,000 | -223,000,000 | 1,383,000,000 | |||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 102,000,000 | 116,000,000 | 98,000,000 | 116,000,000 | 105,000,000 | 118,000,000 | 100,000,000 | 118,000,000 | 105,000,000 | 127,000,000 | 101,000,000 | 127,000,000 | 103,000,000 | 140,000,000 | -17,000,000 | 261,000,000 | 115,000,000 | 141,000,000 | 123,000,000 | 138,000,000 | 113,000,000 | 138,000,000 | 114,000,000 | 144,000,000 | 140,000,000 | 128,000,000 | 138,000,000 | 128,000,000 | 141,000,000 | 129,000,000 | 142,000,000 | 144,000,000 | 139,000,000 | 137,000,000 | 145,000,000 | 173,000,000 | 143,000,000 | 172,000,000 | 180,000,000 | 164,000,000 | 25,000,000 | 164,000,000 | 24,000,000 | 167,000,000 | 27,000,000 | 166,000,000 | 24,000,000 | 167,000,000 | 24,000,000 | 123,000,000 | 23,000,000 | 123,000,000 | 25,000,000 | 123,000,000 | 24,000,000 | 122,000,000 | 1,000,000 | 124,000,000 | 2,000,000 | 134,000,000 | 21,000,000 | 134,000,000 | 22,000,000 | 133,000,000 |
income taxes | 121,000,000 | 136,000,000 | 217,000,000 | 165,000,000 | 169,000,000 | 86,000,000 | 188,000,000 | 95,000,000 | 88,000,000 | 140,000,000 | 240,000,000 | 148,000,000 | 78,000,000 | 86,000,000 | 112,000,000 | 78,000,000 | 57,000,000 | 34,000,000 | 69,000,000 | 54,000,000 | 44,000,000 | 59,000,000 | 81,000,000 | 116,000,000 | 75,000,000 | 80,000,000 | 127,000,000 | 81,000,000 | -13,000,000 | 56,000,000 | 50,000,000 | 85,000,000 | 62,000,000 | -416,000,000 | 99,000,000 | 77,000,000 | 5,000,000 | -305,000,000 | 159,000,000 | 121,000,000 | -84,000,000 | 124,000,000 | 195,000,000 | 135,000,000 | 259,000,000 | 668,000,000 | 367,000,000 | -25,000,000 | 347,000,000 | 176,000,000 | 253,000,000 | 137,000,000 | 66,000,000 | 135,000,000 | 732,000,000 | 165,000,000 | 414,000,000 | 335,000,000 | 440,000,000 | 96,000,000 | 275,000,000 | 168,000,000 | 265,000,000 | 96,000,000 |
decrease in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investment securities | -19,000,000 | -96,000,000 | -118,000,000 | -38,000,000 | -191,000,000 | -31,000,000 | -3,000,000 | 1,000,000 | -37,000,000 | -29,000,000 | -16,000,000 | -27,000,000 | -17,000,000 | -51,000,000 | -60,000,000 | -55,000,000 | -161,000,000 | -58,000,000 | -82,000,000 | -28,000,000 | -335,000,000 | |||||||||||||||||||||||||||||||||||||||||||
decrease in cash and equivalents | 234,000,000 | -814,000,000 | 40,000,000 | 247,000,000 | -373,000,000 | -69,000,000 | 226,000,000 | -467,000,000 | -890,000,000 | -117,000,000 | 304,000,000 | 426,000,000 | -883,000,000 | 395,000,000 | -204,000,000 | -628,000,000 | -49,000,000 | -1,000,000 | -274,000,000 | -5,000,000 | -241,000,000 | 32,000,000 | -1,902,000,000 | 262,000,000 | -233,000,000 | 79,000,000 | -617,000,000 | -455,000,000 | -43,000,000 | -368,000,000 | ||||||||||||||||||||||||||||||||||
increase in cash and equivalents | 369,000,000 | -249,000,000 | 412,000,000 | -26,000,000 | -6,485,000,000 | -484,000,000 | 466,000,000 | 3,000,000 | 452,000,000 | -140,000,000 | 923,000,000 | 337,000,000 | -477,000,000 | 715,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see notes to condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from a structured real estate transaction | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued employee benefits | -189,000,000 | -87,000,000 | 40,000,000 | 49,000,000 | -67,000,000 | 334,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash impact of impairments and other charges - severance payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 0 | 0 | 0 | 994,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | -497,000,000 | -64,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of property, plant and equipment | 87,000,000 | 77,000,000 | 53,000,000 | 69,000,000 | 47,000,000 | 56,000,000 | 44,000,000 | 43,000,000 | 60,000,000 | 37,000,000 | 74,000,000 | 47,000,000 | 47,000,000 | 35,000,000 | 35,000,000 | 41,000,000 | 46,000,000 | 62,000,000 | 64,000,000 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization | 230,000,000 | 251,000,000 | 348,000,000 | 372,000,000 | 417,000,000 | 420,000,000 | 416,000,000 | 422,000,000 | 400,000,000 | 390,000,000 | 394,000,000 | 393,000,000 | 394,000,000 | 386,000,000 | 383,000,000 | 386,000,000 | 375,000,000 | 396,000,000 | 346,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit, continuing operations | 33,000,000 | -84,000,000 | -132,000,000 | 10,000,000 | 5,000,000 | -659,000,000 | -857,000,000 | 187,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax provision, continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments (receipts) during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to acquire businesses | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -158,000,000 | 88,000,000 | 152,000,000 | 133,000,000 | -93,000,000 | 265,000,000 | 120,000,000 | 41,000,000 | 89,000,000 | 728,000,000 | -280,000,000 | -567,000,000 | -100,000,000 | 230,000,000 | -13,000,000 | -185,000,000 | -628,000,000 | -190,000,000 | 376,000,000 | 159,000,000 | -52,000,000 | 163,000,000 | 172,000,000 | 222,000,000 | -546,000,000 | 199,000,000 | 156,000,000 | -182,000,000 | -106,000,000 | 348,000,000 | 169,000,000 | 16,000,000 | -49,000,000 | 127,000,000 | 0 | 93,000,000 | 27,000,000 | |||||||||||||||||||||||||||
net loss | 28,000,000 | -32,000,000 | 7,000,000 | -3,205,000,000 | -2,418,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. tax refund | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment related to the macondo well incident | 0 | 0 | -33,000,000 | -335,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on short-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to reacquire common stock | 0 | -300,000,000 | 0 | -500,000,000 | 0 | -3,341,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other changes: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
activity related to the macondo well incident | -374,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of property, plant, and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options | 46,000,000 | 3,000,000 | 64,000,000 | 27,000,000 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of barracuda-caratinga obligation | 0 | 0 | 0 | -219,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term borrowings, net of offering costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments during the year for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency for macondo well incident | 0 | 0 | 0 | 1,000,000,000 | 0 | 0 | 0 | 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for deferred income taxes, continuing operations | 82,000,000 | 70,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -80,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of business assets, net of cash acquired | -810,000,000 | 0 | -39,000,000 | -31,000,000 | -140,000,000 | -193,000,000 | -77,000,000 | -113,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of marketable securities | 50,000,000 | 150,000,000 | 250,000,000 | 50,000,000 | 401,000,000 | 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of marketable securities | 0 | -100,000,000 | 0 | 0 | 0 | -501,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to kbr tskj matters | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of doj and securities and exchange commission | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement and indemnity | -48,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments in marketable securities | 0 | -682,000,000 | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of investments in marketable securities | 1,050,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of dividends to shareholders | -82,000,000 | -82,000,000 | -81,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of doj and sec settlement and indemnity | -47,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in cash and equivalents | -699,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision (benefit) for deferred income taxes, continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) loss from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of assets, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposal of kbr, inc. cash upon separation |
