Halliburton (HAL)

Company ID: 228 | CIK: 0000045012
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

Operational KPIs

Project backlog (backlog)

Contract award (bookings)

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Modular power capacity (capacity)

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Asbestos claims closed (claims_count)

Significant suppliers (customers)

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Employees (headcount)

Backlog (order_book)

Announced employee reductions (other)

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Asbestos claims closed (other)

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Asbestos claims filed (other)

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Asbestos claims pending (other)

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Asbestos claims settled or disposed (other)

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Asbestos insurance receivable (other)

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Average Brent oil price (other)

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Average Gas Price (other)

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Average commodity prices (other)

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Average natural gas price — Henry Hub (other)

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Average net cost per closed claim (other)

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Average oil price Brent (other)

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Average oil price — Brent (other)

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Average oil price — WTI (other)

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Backlog by contract type (other)

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Backlog due within 12 months (other)

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Barite Reserves (other)

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Barite proven reserves (other)

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Barite reserves (other)

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Barracuda cash shortfall funded (other)

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Barracuda-Caratinga completion (other)

Barracuda-Caratinga project completion (other)

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Bentonite Reserves (other)

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Bentonite proven reserves (other)

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Brent Crude Oil Price (other)

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Capital Expenditures (other)

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Cash and equivalents (other)

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Collective bargaining coverage (other)

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Common shares outstanding (other)

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Contract revenue mix (other)

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Countries of operation (other)

Credit default swap notional (other)

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Credit facilities (other)

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Crude oil price (other)

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DCAA billing withholding (other)

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Debt-to-capitalization ratio (other)

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Drilling days per well (other)

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ESG new hires (other)

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Electric fracturing fleet transition (other)

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Employees under collective bargaining (other)

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Energy Services Operating Margin (other)

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Energy Services operating margin (other)

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Energy Services service center locations (other)

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Energy industry revenue share (other)

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Engineering and Construction Operating Margin (other)

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Escravos project completion (other)

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Facilities sold or returned (other)

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Facilities vacated (other)

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Female workforce (other)

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Field camps (other)

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Fixed-price share of backlog (other)

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Gas spot price (other)

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Gulf of Mexico revenue share (other)

Halliburton Labs participants (other)

Harbison-Walker open asbestos claims (other)

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Henry Hub Natural Gas Price (other)

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Henry Hub gas price (other)

Henry Hub gas spot price (other)

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Horizontal rig share (other)

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International revenue share (other)

Iraq government services revenue (other)

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Iraq operating income margin (other)

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Iraq related revenue (other)

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Iraq share of total revenue (other)

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Iraq working capital (other)

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Joint venture revenue (other)

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KBR contract mix (other)

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Letters of credit outstanding (other)

Local workforce share (other)

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MSHA proposed assessments (other)

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Marine fabrication acreage (other)

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Marine fabrication facilities (other)

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Market value held by nonaffiliates (other)

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Mine Safety Proposed Assessments (other)

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Mine safety assessments (other)

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Natural gas price (other)

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Natural gas-directed rig count (other)

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Non-productive time (other)

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Number of Reportable Segments (other)

Offshore EPCI projects underway (other)

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Oil spot price (other)

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Oil-directed rig count (other)

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Open asbestos claims (other)

Open silica claims (other)

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Operating margin (other)

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Pending MSHA legal actions (other)

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Probable unapproved claims (other)

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Project completion (other)

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R&D Expenditures (other)

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Repurchase authorization remaining (other)

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Research and development (other)

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Research and development spend (other)

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Restricted cash (other)

Revenue from United States (other)

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Revenue per rotary rig growth (other)

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Russia net book value of assets (other)

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Service and sales locations (other)

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Share repurchase authorization remaining (other)

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Shareholders of Record (other)

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Shares Outstanding (other)

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Shares of common stock outstanding (other)

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Significant suppliers (other)

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Supplier questionnaire response rate (other)

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Total asbestos claims filed (other)

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Training centers (other)

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U.S. revenue concentration (other)

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U.S. share of revenue (other)

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US PP&E share (other)

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Unionized employees (other)

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United Kingdom revenue share (other)

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Unutilized special charge reserve (other)

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Value at risk (other)

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Value at risk - foreign exchange derivatives (other)

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Venezuela exchange rate (other)

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Venezuela net investment (other)

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Venezuela trade receivables (other)

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WTI Crude Oil Price (other)

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WTI crude oil price (other)

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Working Gas in Storage (other)

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Worldwide rig count growth (other)

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Worldwide rotary rig count growth (other)

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Y2K Program completion (other)

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Year 2000 Program completion (other)

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Year 2000 deployment and certification phase completion (other)

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Year 2000 spending (other)

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Year 2000 testing phase completion (other)

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Field locations (properties)

Proven barite reserves (proved_reserves)

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Worldwide Total Rig Count (rigs_active)

Mine Safety Citations (safety_incidents)

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Data processing center (square_footage)

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Total recordable incident rate (trir)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30divestiture_reductioncompleted2026-04-30North AmericaCompletion and Production (chemical business)USD 17 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of a portion of the chemical business closed in April 2026 with a $17 million pre-tax loss; no employee count disclosed. MD&A notes resulting declines in stimulation and specialty chemicals activity in North America/US Land.
2026-06-30restructuringcompletedGlobalCorporate and OperationsUSD 107 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Rationalized global headcount to align with activity levels. Charge recorded in the six months ended June 30, 2025, but disclosed in current filing for comparison. No specific employee count provided.
2026-03-31divestiture_reductionin_progress2024-09-302026-06-30GlobalCompletion and Production — Multi-Chem (portion of chemical business)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strategic decision to market for sale a portion of the chemical business was made in Q3 2024; sale expected to close in Q2 2026. No headcount impact disclosed in this filing. Prior-quarter $104M impairment related to this decision was recorded in Q1 2025 (prior-year period, not extracted).
2026-03-31restructuringcompleted2026-03-312026-03-31GlobalCorporateUSD 107 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Rationalized global headcount to align with activity levels. Employee count not disclosed.
2025-12-31restructuringin_progressUSD 299 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance costs recorded within the $831 million of 2025 impairments and other charges; employees affected, announcement date, and completion timeline not disclosed. Related 2025 charges include $115M fixed and other asset write-offs and $106M other charges (primarily legacy environmental remediation estimate increases).
2025-12-31plant_closurein_progressUSD 53 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2025 impairment associated with facility closures and lease terminations; specific facilities, headcount impact, and timing not disclosed.
2025-12-31divestiture_reductionannounced2026-06-30Completion and Production — Multi-Chem (portion of chemical business)USD 224 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Strategic decision to market for sale a portion of the chemical business, expected to complete in the first half of 2026; $224M impairment of assets held for sale recorded in 2025. Headcount associated with the divested business not disclosed.
2025-09-30restructuringin_progressGlobalCorporate-wideUSD 276 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine-month 2025 severance costs of $276M from rationalizing global headcount to align with activity levels; $169M of that recorded in Q3 2025. No employee count disclosed.
2025-09-30restructuringin_progressNorth AmericaNorth America Land operationsUSD 115 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2025 write-off of fixed and other assets primarily related to North America Land operations; no headcount impact quantified.
2025-09-30plant_closurein_progressNot specifiedCorporate and otherUSD 53 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine-month 2025 impairment associated with facility closures and lease terminations; no employee count disclosed.
2025-09-30divestiture_reductionannounced2024-09-30Not specifiedCompletion and Production — chemical businessUSD 200 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strategic decision, taken in Q3 2024, to market for sale a portion of the chemical business; nine-month 2025 impairment of assets held for sale of $200M ($96M in Q3 2025). No headcount impact disclosed.
2025-09-30restructuringin_progressGlobalGlobalUSD 169 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Rationalized global headcount to align with activity levels; recorded severance expense of $169 million for the three months ended September 30, 2025.
2025-06-30restructuringin_progressGlobalCorporate-wide; charges allocated $201M Completion and Production, $85M Drilling and Evaluation, $70M Corporate and otherUSD 107 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense recorded in six months ended 2025-06-30 as company rationalized global headcount to align with activity levels; no employee count or completion date disclosed
2025-06-30plant_closurein_progressNot specifiedNot specifiedUSD 53 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Impairment related to facility closures and lease terminations recorded in six months ended 2025-06-30; associated headcount reduction not quantified
2025-06-30divestiture_reductionannouncedNot specifiedCompletion and Production — Multi-Chem (portion of chemical business)USD 104 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Impairment of assets held for sale following strategic decision to market a portion of the chemical business; decision referenced as made in Q3 2024, charge recorded in six months ended 2025-06-30; no headcount impact disclosed
2025-06-30restructuringin_progress2025-06-30GlobalCorporate and otherUSD 70 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of $356M total pre-tax charges. $70M attributable to Corporate and other. Filer states it 'rationalized global headcount to align with activity levels' but does not disclose specific employee counts.
2025-06-30restructuringin_progress2025-06-30GlobalCompletion and ProductionUSD 201 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of $356M total pre-tax charges. $201M attributable to Completion and Production. Includes severance costs and impairment of assets held for sale (chemical business).
2025-06-30restructuringin_progress2025-06-30GlobalDrilling and EvaluationUSD 85 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of $356M total pre-tax charges. $85M attributable to Drilling and Evaluation.
2025-03-31restructuringin_progressGlobalCorporate and other; Completion and Production; Drilling and EvaluationUSD 107 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs recorded in Q1 2025 as the company rationalized global headcount to align with activity levels; no employee count or completion date disclosed. Charge allocation across segments not specified for severance specifically.
2025-03-31divestiture_reductionin_progress2024-09-30GlobalCompletion and Production — Multi-Chem (portion of chemical business)USD 104 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Impairment of assets held for sale tied to the strategic decision, made during Q3 2024, to market a portion of the chemical business for sale; no headcount impact disclosed.
2025-03-31plant_closurein_progressNot specifiedNot specifiedUSD 53 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Impairment related to facility closures and lease terminations; associated workforce reduction not quantified.
2025-03-31restructuringin_progress2025-03-31GlobalCompletion and Production; Drilling and Evaluation; Corporate and otherUSD 107 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Recorded $107 million in severance expense to rationalize global headcount to align with activity levels. Employee count not disclosed.
2024-12-31restructuringcompletedGlobalCorporate and other; Completion and Production; Drilling and EvaluationUSD 63 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2024 severance expense recorded as headcount was rationalized to reflect growth expectations; charge allocated approximately $45M to Completion and Production, $34M to Drilling and Evaluation, $37M to Corporate and other across the full $116M of impairments and other charges; affected-employee count and timing not disclosed
2024-12-31restructuringcompleted2024-12-312024-12-31GlobalCorporate and other; Completion and Production; Drilling and EvaluationUSD 63 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Rationalized global headcount to reflect growth expectations. Charge attributed to C&P ($45M), D&E ($34M), and Corporate ($37M).
2024-12-31restructuringin_progressUSD 116,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-09-30restructuringin_progressGlobalCorporate and other; Completion and Production; Drilling and EvaluationUSD 63 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense recorded in Q3 2024 as the company rationalized global headcount to reflect growth expectations; no employee count or completion date disclosed. Charge allocated $45M to Completion and Production, $34M to Drilling and Evaluation, $37M to Corporate and other across the full $116M impairments and other charges line.
2024-09-30restructuringin_progress2024-09-30GlobalCorporate and otherUSD 63 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Recorded $63 million in severance expense to rationalize global headcount to reflect growth expectations. Employee count not disclosed.
2023-12-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-12-31divestiture_reductioncompleted2022-06-302022-09-30RussiaCompletion and Production; Drilling and EvaluationUSD 344 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Russian operations completed Q3 2022 following sanctions; $344M pre-tax write-down of disposal group to fair value less costs to sell (asset write-down, not severance); affected employee count not disclosed
2022-12-31divestiture_reductioncompleted2022-03-012022-09-30RussiaCompletion and Production; Drilling and EvaluationUSD 344 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Ceased pursuing future business in Russia in March 2022 and completed sale of Russian operations in Q3 2022. Wrote down disposal group to fair value less costs to sell, resulting in pre-tax charge of $344 million. Specific headcount reduction not disclosed.
2022-12-31othercompleted2022-01-012022-03-31UkraineCorporate and otherUSD 22 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Recorded pre-tax charge of $22 million to write down all assets in Ukraine, including $16 million in receivables, due to ongoing conflict. Specific headcount impact not disclosed.
2022-12-31restructuringin_progressUSD 366,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-09-30divestiture_reductioncompleted2022-052022-08RussiaCompletion and Production; Drilling and Evaluation; Corporate and otherUSD 344 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Russian operations to a Russia-based management team; disposal group written down to fair value less costs to sell in Q2 2022, resulting value of $1. Divestiture completed in Q3 2022 (exit from Russia in August 2022). Charge split: ~$131M Completion and Production, ~$178M Drilling and Evaluation, $35M Corporate and other. No employee count disclosed.
2022-09-30othercompleted2022UkraineUSD 22 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision in Q1 2022 to cease all operations in Ukraine and write down all related assets; charge includes a $16M allowance for credit loss on Ukrainian receivables. No employee count or specific announcement date disclosed.
2022-09-30divestiture_reductioncompleted2022-05-012022-09-30RussiaCompletion and Production; Drilling and EvaluationUSD 344 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Russia operations to management team completed in Q3 2022. Pre-tax charge of $344 million recorded in Q2 2022 for write-down of disposal group. No specific employee count disclosed.
2022-09-30restructuringin_progressUSD 366,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30divestiture_reductionin_progress2022-05-31RussiaAll segments (Completion and Production; Drilling and Evaluation)USD 344 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Wind-down of Russian operations began March 2022; non-binding LOI with Russian employee group signed May 2022 for divestiture. Disposal group written down to fair value less costs to sell ($344M pre-tax charge); no employee count or severance amount disclosed, though MD&A notes potential employee severance costs.
2022-06-30othercompleted2022-03-31UkraineAll segmentsUSD 22 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision to cease all operations in Ukraine recorded in Q1 2022 (within YTD period); $22M pre-tax charge including $16M credit-loss allowance on receivables. No headcount disclosed.
2022-06-30divestiture_reductionin_progress2022-05-01RussiaCompletion and Production; Drilling and EvaluationUSD 344 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Decision to sell Russian operations due to sanctions. Executed non-binding letter of intent with Russian employee group in May 2022. Pre-tax charge of $344 million recorded for write-down of disposal group. Negotiating definitive documentation.
2022-06-30divestiture_reductioncompleted2022-03-01UkraineCorporate and otherUSD 22 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Ceased operations in Ukraine in March 2022. Recorded pre-tax charge of $22 million to write down all assets in Ukraine.
2022-06-30restructuringin_progressUSD 366,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31otherin_progress2022-03-012022-05-15RussiaAll functionsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Filer ceased pursuing new business in Russia and began winding down remaining operations in March 2022 to comply with sanctions; certain contracts must wind down by May 15, 2022. No employee count or severance amount disclosed; filer notes potential employee severance costs and possible future charge on Russian assets (net book value approx. $340 million at 2022-03-31, no impairment recorded).
2022-03-31plant_closurecompletedUkraineAll functionsUSD 22 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision to cease all operations in Ukraine due to the Russia-Ukraine conflict; $22 million pre-tax charge primarily for write-down of all Ukraine assets, including a $16 million allowance for credit losses on receivables. No employee headcount impact disclosed.
2022-03-31otherin_progress2022-03-012022-05-15RussiaAll segmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company ceased pursuing future business in Russia and began winding down remaining operations in March 2022 to comply with sanctions. Certain contracts required to be wound down by May 15, 2022. Potential for employee severance costs noted.
2022-03-31restructuringin_progressUSD 22,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-12-31restructuringcompletedNot disclosedNot disclosedUSD 15 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance costs of $15 million recorded within impairments and other charges for the year ended December 31, 2021; affected headcount, geography, and program timeline not disclosed
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalCorporate and otherUSD 15 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance costs of $15 million recognized in 2021. Employee count not disclosed.
2021-12-31restructuringin_progressUSD 12,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressNot specifiedNot specifiedUSD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs of $15 million recorded in both the three and nine months ended September 30, 2021 as part of ongoing cost-structure adjustments; no employee count, announcement date, or completion timeline disclosed. Same $15 million in QTD and YTD, indicating all 2021 severance activity occurred in the third quarter.
2021-09-30restructuringcompletedUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance costs recorded during the three months ended September 30, 2021. Employee count not disclosed.
2021-09-30restructuringin_progressUSD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-31restructuringcompletedGlobalCompany-wideUSD 384 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2020 severance charges of $384 million (versus $172 million in 2019) within total impairments and other charges of $3.8 billion; cash impact of severance payments was approximately $350 million. Filer describes swift cost-reduction actions including reducing equipment and personnel; headcount moved from approximately 55,000 to approximately 40,000 during 2020, but no explicit employees-affected count is disclosed
2020-12-31plant_closurecompletedNorth AmericaCorporate and other / real estateUSD 616 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Includes $616 million related to real estate properties: a fair value adjustment for a contemplated structured transaction of most remaining North America owned real estate held for sale, and approximately 50% of North American facilities closed, sold, consolidated, or reduced in size during 2020; no associated headcount count disclosed
2020-12-31restructuringcompleted2020-01-012020-12-31GlobalAll segmentsUSD 384 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance and other costs incurred as the company adjusted its cost structure during the year. Headcount reduction implied by drop from 55,000 to 40,000 employees, but specific RIF count not disclosed in footnote.
2020-12-31restructuringin_progressUSD 3,799,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressGlobalCompletion and ProductionUSD 90 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2020 severance and other charges allocated by segment; part of $133M quarterly total. No employee count or announcement date disclosed. Nine-month charges for this segment were $2.1 billion.
2020-09-30restructuringin_progressGlobalDrilling and EvaluationUSD 40 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2020 severance and other charges allocated by segment; part of $133M quarterly total. No employee count or announcement date disclosed. Nine-month charges for this segment were $1.2 billion.
2020-09-30restructuringin_progressGlobalCorporate and otherUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2020 severance and other charges allocated to corporate; part of $133M quarterly total. Nine-month corporate charges were $44 million.
2020-09-30restructuringin_progress2020-09-30GlobalCompletion and ProductionUSD 90 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately $90 million of severance and other charges attributable to Completion and Production segment.
2020-09-30restructuringin_progress2020-09-30GlobalDrilling and EvaluationUSD 40 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately $40 million of severance and other charges attributable to Drilling and Evaluation segment.
2020-09-30restructuringin_progress2020-09-30GlobalCorporate and otherUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately $3 million of impairments and other charges attributable to Corporate and other.
2020-09-30restructuringin_progressUSD 3,353,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressGlobalGlobal workforce; includes Completion and Production, Drilling and Evaluation and CorporateUSD 273 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company initiated reductions in its global workforce as part of aligning cost structure to lower activity levels; no employee count disclosed. Severance costs were $241M in Q2 2020 and $273M for the six months ended June 30, 2020. Program also includes real estate rationalization (owned properties identified for sale, leased properties to abandon) with no separate headcount disclosed.
2020-06-30restructuringin_progress2020-06-30GlobalCompletion and ProductionUSD 1,400 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately $1.4 billion of impairments and other charges attributable to Completion and Production segment, including long-lived asset impairments, inventory write-downs, and severance costs.
2020-06-30restructuringin_progress2020-06-30GlobalDrilling and EvaluationUSD 770 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately $770 million of impairments and other charges attributable to Drilling and Evaluation segment, including long-lived asset impairments, inventory write-downs, and severance costs.
2020-06-30restructuringin_progress2020-06-30GlobalCorporate and otherUSD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately $25 million of impairments and other charges attributable to Corporate and other.
2020-06-30restructuringin_progressUSD 3,220,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progress2020-03-31GlobalConsolidatedUSD 32 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs of $32 million recorded in Q1 2020 within impairments and other charges; no employee count disclosed. MD&A states a significant global workforce reduction is planned to align headcount with lower activity levels, with no count or completion date given.
2020-03-31restructuringin_progress2020-03-31GlobalCorporate and OperationsUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Filer recorded $32 million in severance costs as part of a significant reduction of global workforce to align with lower activity levels. Specific headcount affected is not disclosed.
2020-03-31restructuringin_progressUSD 1,073,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-31restructuringin_progressGlobal, primarily North AmericaGlobal workforce; cost structure reorganizationUSD 172 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Personnel reductions executed in connection with the fourth-quarter 2019 service delivery improvement and cost reduction program; $172M severance charge recorded within the $2.5B of 2019 impairments and other charges, of which approximately $144M was paid during 2019. Headcount affected not disclosed.
2019-12-31restructuringin_progressGlobalReal estate portfolio rationalizationUSD 215 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Owned properties identified for sale and leased properties identified for abandonment; $215M impairment on real estate held for sale plus a separate $139M impairment on operating lease right-of-use assets. No employee count disclosed for this sub-component.
2019-12-31divestiture_reductionannounced2019-12-31GlobalCompletion and Production — Pipeline & Process Services product service lineItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Strategic decision made during the fourth quarter of 2019 to market this business for sale; no headcount, charge, or completion timeline disclosed.
2019-12-31restructuringcompleted2019-12-312019-12-31GlobalAll segmentsUSD 172 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance costs incurred as part of global cost savings and service delivery improvement program, including personnel reductions and real estate rationalization. Employee count not explicitly disclosed in footnote, though total headcount dropped from 60,000 to 55,000.
2019-12-31restructuringin_progressUSD 2,506,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressCompletion And Production [Member]USD 1,600,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressDrilling And Evaluation [Member]USD 849,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressSegment Reconciling Items [Member]USD 56,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-09-30restructuringin_progressGlobalCompany-wide cost structure and footprint adjustmentUSD 77 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs of $77 million recognized in the nine months ended September 30, 2019 as the company adjusts its cost structure and footprint; no employee count, announcement date, or completion timing disclosed. No severance recorded in the three months ended September 30, 2019.
2019-09-30restructuringannounced2019-12-31North AmericaOperations and corporate functionsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company stated plans to undertake further cost reductions in Q4 2019 by streamlining operations and corporate functions; no headcount figure or charge disclosed.
2019-09-30restructuringcompletedGlobalCorporate and otherUSD 28 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of $77 million total severance costs recorded in the nine months ended Sept 30, 2019. $28 million attributed to Corporate and other.
2019-09-30restructuringcompletedGlobalCompletion and Productionrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Included in total $77 million severance costs. Specific charge amount for this segment not disclosed separately from total impairments.
2019-09-30restructuringcompletedGlobalDrilling and Evaluationrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Included in total $77 million severance costs. Specific charge amount for this segment not disclosed separately from total impairments.
2019-09-30restructuringin_progressUSD 308,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressNorth AmericaCorporate and other; segments not specified for severanceUSD 77 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs of $58M recorded in Q2 2019 and $77M for the six months ended June 30, 2019, part of charges to adjust cost structure and footprint. No employee count, announcement date, or completion date disclosed. MD&A separately describes a restructuring of the North American organization that removed several layers of management, likely related.
2019-06-30restructuringin_progress2019-06-30North AmericaCorporate and otherUSD 58 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructured North American organization, removing several layers of management. Severance costs of $58 million recorded in Q2 2019.
2019-06-30restructuringin_progressUSD 308,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressVENEZUELAUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressUSD 61,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-31otherin_progressInternationalInternational pension plansother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Filer attributes part of 2018 net curtailment and settlement cost to workforce reductions, but discloses no headcount, geography detail, or separate charge; $8 million of net curtailment and settlement cost is included within the $32 million 2018 net periodic benefit cost.
2018-12-31restructuringin_progressUSD 265,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-09-30restructuringin_progressUSD 312,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressUSD 312,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressUSD 312,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-12-31acquisition_additioncompletedArtificial Lift; Wireline and Perforating; LandmarkUSD 630 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Three businesses acquired during 2017 — Summit ESP (July 2017), Ingrain Inc. and Optimization Petroleum Technology — for aggregate cash of approximately $630 million paid in Q3 2017 (cash flow statement shows $628 million, net of cash acquired). Amount is acquisition consideration, not a severance or restructuring charge. Headcount added not disclosed; Summit ESP represented approximately 2% of consolidated total assets and less than 1% of consolidated revenues at December 31, 2017 and was excluded from the internal control over financial reporting assessment. Approximately $285 million of goodwill arose from the 2017 acquisitions.
2017-12-31restructuringin_progressUSD 647,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-09-30acquisition_additioncompletedNorth AmericaCompletion and Production — artificial liftMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Summit ESP acquired in Q3 2017; part of ~$630 million paid for three acquisitions in the quarter. Headcount added not disclosed.
2017-09-30acquisition_additioncompletedLatin AmericaDrilling and Evaluation — wirelineMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ingrain Inc. acquired in Q3 2017; part of ~$630 million paid for three acquisitions in the quarter. Headcount added not disclosed.
2017-09-30acquisition_additioncompletedMiddle EastDrilling and Evaluation — Landmark Software and ServicesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Optimization Petroleum Technology acquired in Q3 2017; part of ~$630 million paid for three acquisitions in the quarter. Headcount added not disclosed.
2017-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-06-30acquisition_additionannounced2017-07Not disclosedArtificial lift (electric submersible pumps)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Summit ESP closed July 2017; no headcount disclosed. Part of ~$630 million expected Q3 2017 payment for three acquisitions.
2017-06-30acquisition_additionannounced2017-07Not disclosedDrilling and Evaluation (rock physics / wireline)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Ingrain Inc. closed July 2017; no headcount disclosed.
2017-06-30acquisition_additionannounced2017-07Not disclosedLandmark software and consulting (production engineering)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Optimization Petroleum Technology closed July 2017; no headcount disclosed.
2017-06-30restructuringin_progressUSD 262,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-12-31restructuringcompleted14,0002016-12-31GlobalCompany-wideUSD 315 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Structural cost-savings program: global headcount reduced by approximately 14,000 during 2016 (approximately 40% since the beginning of 2015), with corresponding severance charges of $315 million recognized in 2016; MD&A also cites the program as part of approximately $1 billion of annualized cost savings.
2016-12-31restructuringcompleted14,0002016-01-012016-12-31GlobalAll segmentsUSD 315 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduced global headcount by approximately 14,000 in 2016 as part of structural cost savings initiatives. Note 3 discloses $315 million in severance costs within impairments and other charges.
2016-12-31restructuringin_progress14,000USD 3,357,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressCompletion And Production [Member]USD 2,100,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressDrilling And Evaluation [Member]USD 1,200,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressSegment Reconciling Items [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-09-30restructuringin_progress13,000GlobalCompany-wideUSD 261 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 13,000 headcount reduction over the first nine months of 2016, tied to infrastructure reduction and workforce realignment amid the industry downturn; MD&A also cites a roughly 40% headcount reduction since the start of 2015. Severance charge of $261 million is the nine-month 2016 total, not a quarterly figure. No announcement date or completion date disclosed.
2016-09-30restructuringcompleted13,0002016-01-012016-09-30GlobalAll segmentsUSD 261 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Headcount reduction of approximately 13,000 for the first nine months of 2016 to mitigate industry downturn. Associated severance charges of $261 million recorded in impairments and other charges.
2016-09-30restructuringin_progress13,000USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progressCompletion And Production [Member]USD 2,000,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progressDrilling And Evaluation [Member]USD 1,100,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progressSegment Reconciling Items [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringcompleted5,0002016-06-30GlobalCompany-wideUSD 126 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Part of ongoing industry-downturn restructuring; severance of $126M in Q2 2016 ($261M YTD). Cumulative reduction of almost 12,000 in first half of 2016; roughly 40% of global workforce reduced since start of 2015. No announcement date disclosed.
2016-06-30restructuringin_progress5,0002016-04-01GlobalUSD 126 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Headcount reduction of 5,000 during Q2 2016. Total reduction for H1 2016 was almost 12,000. Severance costs of $126 million recognized in Q2.
2016-06-30restructuringin_progress5,000USD 423,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progressCompletion And Production [Member]USD 290,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progressDrilling And Evaluation [Member]USD 129,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progressSegment Reconciling Items [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringcompleted6,0002016-03-31GlobalCompany-wideUSD 135 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Headcount reduction of over 6,000 during Q1 2016 to align workforce with activity levels amid industry downturn; severance costs of $135 million recorded within impairments and other charges. MD&A also notes cumulative global workforce reduction of just over one-third since the beginning of 2015. No specific announcement date disclosed.
2016-03-31restructuringcompleted6,0002016-03-312016-03-31GlobalGlobal workforceUSD 135 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Headcount reduction of over 6,000 during Q1 2016 to align with anticipated activity levels. Associated severance costs of $135 million recorded in impairments and other charges.
2016-03-31restructuringin_progressCompletion And Production [Member]USD 1,800,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progressDrilling And Evaluation [Member]USD 1,000,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progressSegment Reconciling Items [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progress6,000USD 2,766,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-12-31restructuringin_progress25%WorldwideCompany-wideUSD 352 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company-wide headcount reduction of approximately 25% initiated during 2015 to align workforce with near-term activity levels; $352 million of severance costs recorded in 2015. No specific announcement date or completion date disclosed.
2015-12-31plant_closurecompletedLibya; YemenCountry operationsUSD 80 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Write-off of operations in Libya and Yemen recorded in Q1 2015 following decision to exit both countries; $80 million of country closure charges. Headcount affected not disclosed.
2015-12-31divestiture_reductionin_progressWorldwideDrilling and EvaluationUSD 103 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced April 2015 in connection with pending Baker Hughes acquisition: Fixed Cutter and Roller Cone Drill Bits, Directional Drilling, and Logging-While-Drilling/Measurement-While-Drilling businesses classified as held for sale in Q2 2015; $103 million of capitalized divestiture costs. Headcount not disclosed; sale contingent on regulatory clearance.
2015-12-31restructuringcompleted25%2015-01-012015-12-31GlobalCompany-wideUSD 352 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Global headcount reduction of approximately 25% since the beginning of 2015. Note 3 discloses $352 million in severance costs.
2015-12-31restructuringin_progressUSD 2,177,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressCompletion And Production [Member]USD 1,100,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressDrilling And Evaluation [Member]USD 1,000,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressSegment Reconciling Items [Member]USD 88,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-09-30restructuringin_progress21%GlobalCompany-wideUSD 308 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company-wide workforce reduction of approximately 21% initiated during the first nine months of 2015 to align headcount with near-term activity levels; $308M of severance costs recorded YTD ($96M in Q3), classified within 'Impairments and other charges.' Absolute headcount affected, announcement date, and completion date not disclosed. Same action referenced in MD&A; sourced once from Note 3.
2015-09-30divestiture_reductionannounced2015-04-01GlobalDrilling and Evaluation (Fixed Cutter and Roller Cone Drill Bits, Directional Drilling, LWD/MWD); Completion and Production (expandable liner hangers)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Businesses marketed for sale in connection with the pending Baker Hughes acquisition; assets classified as held for sale in Q2 2015, with additional businesses announced 2015-09-28. No headcount associated with these divestitures is disclosed.
2015-09-30othercompletedLibya; YemenCountry operationsUSD 81 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Write-off of operations in Libya and Yemen recorded in Q1 2015 upon decision to exit both countries; $81M of country closure charges recorded YTD within 'Impairments and other charges.' Headcount affected not disclosed.
2015-09-30restructuringin_progress21%2015-01-01GlobalCompany-wideUSD 308 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Company-wide reduction in workforce by approximately 21% during the first nine months of 2015. Severance costs of $308 million recorded for the nine months ended September 30, 2015.
2015-09-30restructuringin_progressUSD 381,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progressCompletion And Production [Member]USD 228,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progressDrilling And Evaluation [Member]USD 138,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progressSegment Reconciling Items [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30reduction_in_forcein_progress16%WorldwideCompany-wideUSD 212 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company-wide workforce reduction of approximately 16% initiated during the first half of 2015 to align staffing with near-term activity levels; no absolute headcount or specific announcement date disclosed. Associated severance costs were $212M for the six months ended June 30, 2015 ($78M in Q2). Implied affected headcount (~11,200) is consistent with the stated 'over 70,000' total workforce.
2015-06-30divestiture_reductionannouncedWorldwideDrilling and Evaluation (Fixed Cutter and Roller Cone Drill Bits, Directional Drilling, LWD/MWD businesses)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision announced in April 2015 to market three businesses for sale as part of Baker Hughes regulatory approvals; assets classified as held for sale in Q2 2015. No headcount associated with the divestiture is disclosed. Sale expected to close concurrent with the Baker Hughes acquisition.
2015-06-30restructuringin_progress16%2015-06-30GlobalCompany-wideUSD 212 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Company-wide reduction in workforce by approximately 16% during the first half of 2015. Severance costs of $212 million recorded for the six months ended June 30, 2015. Specific headcount count not disclosed.
2015-06-30restructuringin_progressUSD 306,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30restructuringin_progressCompletion And Production [Member]USD 211,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30restructuringin_progressDrilling And Evaluation [Member]USD 89,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30restructuringin_progressSegment Reconciling Items [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31reduction_in_forcein_progressGlobalCompany-wideUSD 134 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company-wide workforce reduction initiated during Q1 2015 to align with anticipated activity levels; number of employees affected not disclosed. Cost savings expected to begin in Q2 2015 per MD&A.
2015-03-31plant_closurecompletedLibya; YemenCountry operationsUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Write-off of operations following decision to exit Libya and Yemen; charge covers country and facility closures. Associated headcount not disclosed.
2015-03-31divestiture_reductionannounced2015-04-072015-12-31GlobalFixed Cutter and Roller Cone Drill Bits; Directional Drilling; Logging-While-Drilling/Measurement-While-Drillingsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Businesses marketed for sale to obtain competition authorities' approvals for the pending Baker Hughes acquisition; assets to be classified held for sale in Q2 2015. Aggregate asset carrying amount approx. $2.8 billion; headcount not disclosed. Completion expected same timeframe as Baker Hughes closing, late second half of 2015.
2015-03-31acquisition_additionannounced2014-11-162015-12-31GlobalCompany-widebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pending acquisition of Baker Hughes; consideration estimated at approx. 490 million Halliburton shares plus approx. $8.3 billion cash. Closing expected late in the second half of 2015; no headcount added disclosed.
2015-03-31restructuringin_progress2015-03-31GlobalCompany-wideUSD 134 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Company-wide reduction in workforce initiated during Q1 2015 to reduce costs and align with anticipated activity levels. Specific headcount reduction numbers were not disclosed, but $134 million in severance costs were recorded.
2015-03-31restructuringin_progressCompletion And Production [Member]USD 510,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progressDrilling And Evaluation [Member]USD 638,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progressSegment Reconciling Items [Member]USD 60,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progressUSD 1,208,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-12-31restructuringcompletedEastern HemisphereUSD 129 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Charges incurred in Q4 2014, pre-tax, consisting of severance-related costs and asset write-offs; most adjustments related to the Eastern Hemisphere business. Employee count not disclosed.
2014-12-31restructuringin_progressCompany-wide (initial steps taken internationally)MD&A
f5-10k / GLM-5.3-flash-HTML
Initial headcount steps taken internationally in late 2014; further company-wide headcount reductions underway, with material restructuring charges including severance anticipated in 2015. Charge amount not yet quantified.
2014-12-31acquisition_additionannounced2014-11-16Globalbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Stock-and-cash merger agreement announced November 16, 2014; estimated consideration approximately 490 million shares plus $8.3 billion cash; expected to close in the second half of 2015 subject to regulatory clearances. Headcount impact not disclosed; not closed as of fiscal year-end or filing date.
2014-12-31restructuringin_progressPrimarily Eastern Hemisphere; further reductions company-wideNot specifiedUSD 129 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax Q4 2014 restructuring charges for severance and asset write-offs tied to the market decline; headcount reductions began internationally in late 2014 with further company-wide reductions underway. Employee counts not disclosed; additional material restructuring charges anticipated in 2015.
2014-12-31restructuringcompleted2014-10-012014-12-31Eastern HemisphereCompany-wideUSD 129 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Incurred $129 million pre-tax restructuring charges in Q4 2014, consisting of severance-related costs and asset write-offs. Most adjustments related to Eastern Hemisphere business. Employee count not explicitly disclosed.
2014-12-31otherannounced2014-12-31Company-wideCompany-wideMD&A
f5-10k / Qwen3.6-27B-Q8_0
Company announced it is in the midst of making further headcount reductions company-wide and anticipates recording further material restructuring charges, including severance costs, in 2015.
2013-12-31restructuringin_progressNot specifiedNot specifiedUSD 92 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax 2013 restructuring charges covering severance and asset write-offs; no employee count, announcement date, or completion timeline disclosed.
2013-12-31restructuringcompletedUSD 92 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
$92 million of restructuring charges related to severance and asset write-offs recorded in 2013.
2013-09-30restructuringin_progressNot specifiedCompany-wide (Completion and Production $40 million; Drilling and Evaluation $11 million; remainder in Corporate and other)USD 54 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax restructuring charges of $54 million recognized in the third quarter of 2013 (equal to the nine-month total), covering severance and asset write-offs; no employee counts, announcement date, or completion timing disclosed
2013-09-30restructuringin_progressUSD 54 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge related to severance and asset write-offs for the nine months ended September 30, 2013. Employee count not disclosed.
2012-12-31restructuringcompleted2011Eastern HemisphereUSD 11 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Pre-tax employee separation costs incurred in 2011.
2012-06-30restructuringcompletedEastern HemisphereUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Filer notes $11 million pre-tax charge for employee separation costs in the Eastern Hemisphere during Q2 2011. No headcount disclosed.
2011-12-31restructuringcompleted2011-04-012011-06-30Europe/Africa/CISEastern Hemisphere regional operationsUSD 11 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Second quarter 2011 pre-tax charge for employee separation costs, primarily in Europe/Africa/CIS; part of broader restructuring efforts to improve regional profitability. Employees affected not disclosed.
2011-12-31acquisition_additioncompleted2011-10-012011-10-31North AmericaCompletion and ProductionUSD 880 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed acquisition of Multi-Chem Group, LLC in October 2011 in an all-cash transaction; approximately $880 million paid for Multi-Chem and other 2011 acquisitions. Headcount added not disclosed; charge value represents purchase consideration, not a severance charge.
2011-12-31restructuringcompleted2011-06-30Europe/Africa/CISUSD 11 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Pre-tax charge for employee separation costs, primarily related to Europe/Africa/CIS regional operations.
2011-12-31acquisition_additioncompleted2011-10-31North AmericaCompletion and ProductionUSD 880 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Multi-Chem Group, LLC. Headcount not explicitly disclosed.
2011-09-30restructuringcompletedEurope/Africa/CIS (primarily)Corporate and other / Eastern Hemisphere operationsUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge recognized in the second quarter of 2011 (within the nine-month reporting period); no employee count, announcement date, or completion date disclosed.
2011-09-30acquisition_additioncompleted2011-10-31North AmericaCompletion and Productionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
All-cash acquisition of Multi-Chem Group LLC, fourth-largest provider of production chemicals in North America; results included in Completion and Production beginning October 2011. No headcount added disclosed; anticipated fourth-quarter 2011 cash use of approximately $800 million for Multi-Chem and other acquisitions.
2011-09-30restructuringcompletedEurope/Africa/CISUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Second quarter 2011 results impacted by $11 million pre-tax charge for employee separation costs, primarily related to Europe/Africa/CIS regional operations.
2011-06-30restructuringin_progressEastern Hemisphere (primarily Europe/Africa/CIS)Corporate and otherUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax employee separation costs recognized in Q2 2011; no headcount affected or completion date disclosed
2011-06-30otherin_progressGlobalCorporate — technology, supply chain, and manufacturing infrastructure repositioning; service delivery improvementMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strategic operating-model initiatives impacting results by ~$0.01 per diluted share in each of Q1 and Q2 2011, expected ~$0.02 in Q3 2011; no headcount impact quantified
2011-06-30restructuringcompletedEastern HemisphereCompletion and Production; Drilling and EvaluationUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax employee separation costs incurred in Q2 2011. Completion and Production segment incurred $6M (primarily Europe/Africa/CIS); Drilling and Evaluation segment incurred $5M (primarily Europe/Africa/CIS).
2010-12-31acquisition_additioncompleted2010-09-302010-09-30United StatesCompletion and ProductionMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Boots & Coots acquisition completed in September 2010 (approximately $248 million, including ~$143 million cash and ~3.4 million shares); results included in Completion and Production segment from October 2010. Headcount added not disclosed.
2010-12-31restructuringcompletedGlobalCorporate and OperationsUSD 73 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Operating income in 2009 was unfavorably impacted by a $73 million charge associated with employee separation costs. No specific headcount affected was disclosed for this action in the 2010 filing.
2010-09-30acquisition_additioncompleted2010-09United StatesCompletion and ProductionMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock-and-cash acquisition of Boots & Coots, Inc. valued at approximately $248 million (about $143 million cash plus approximately 3.4 million treasury shares issued to stockholders); approximately $39 million of Boots & Coots debt retired. No employee headcount added is disclosed. Results included in Completion and Production segment beginning October 2010.
2010-06-30otherin_progress20%2010-05-28Gulf of Mexico, United StatesOffshore deepwater operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Redeployment of Gulf of Mexico employees following the Macondo Well incident and the DOI deepwater drilling suspension (order issued 2010-05-28; new suspension issued 2010-07-12). The 20% figure is a share of the approximately 2,200 employees in the Gulf of Mexico, not of total workforce; no absolute count disclosed. Company estimates $0.05-$0.08 per quarter earnings impact for the remainder of 2010.
2010-06-30acquisition_additionannounced2010-04-012010-08-31United StatesCompletion and Production (hydraulic workover, pipeline and coiled tubing; well intervention and pressure control)USD 250 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock and cash transaction valued at approximately $250 million announced in April 2010; closing expected later in summer 2010 subject to stockholder and regulatory approvals. No headcount added through the transaction is disclosed. Announcement date recorded as month-level (April 2010); day not specified in filing.
2010-06-30otherin_progress1,08020%2010-04-22Gulf of MexicoMD&A
f5-10q / Qwen3.6-27B-Q8_0
Redeploying approximately 20% of the 2,200 employees employed in the Gulf of Mexico at the time of the incident due to the Macondo Well incident and deepwater drilling suspension.
2010-03-31acquisition_additionannounced2010-04-01United StatesCompletion and Productionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive merger agreement to acquire Boots & Coots, Inc. valued at approximately $250 million, signed April 2010 (post-quarter); no headcount added disclosed. Filing also notes five oilfield service acquisitions with signed definitive agreements in 2010 (Boots & Coots, Tierra Geophysical, Wellbore Energy Solutions, Diamond Rotating Heads, Watertectonics), none with disclosed headcount.
2009-12-31restructuringin_progressWorldwideCompletion and ProductionUSD 34 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Part of a consolidated $73 million 2009 employee separation cost charge; filer does not label the action as a RIF, disclose employees affected, or state program completion status. Headcount fell from approximately 57,000 to approximately 51,000 during 2009.
2009-12-31restructuringin_progressWorldwideDrilling and EvaluationUSD 34 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Part of a consolidated $73 million 2009 employee separation cost charge; no employees-affected count or completion date disclosed.
2009-12-31restructuringin_progressWorldwideCorporate and otherUSD 5 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Part of a consolidated $73 million 2009 employee separation cost charge; no employees-affected count or completion date disclosed.
2009-12-31restructuringcompletedGlobalCompletion and Production; Drilling and Evaluation; CorporateUSD 73 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Includes $34 million in Completion and Production, $34 million in Drilling and Evaluation, and $5 million in Corporate and other. Described as 'employee separation costs' and 'optimizing headcount'.
2009-09-30restructuringin_progressNorth America (primarily United States)Consolidated; driven by Completion and Production and Drilling and Evaluation activity declinesUSD 73 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A cites a $73 million employee separation cost charge for the nine months ended 2009-09-30, including $28 million in Q3 2009; no employee counts, announcement date, or completion timing disclosed. MD&A also lists reducing headcount in locations with significant activity declines as a 2009 initiative, without quantification.
2009-09-30restructuringin_progressGlobalCorporate and otherUSD 73 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charge associated with employee separation costs. Filing mentions 'reducing headcount in locations experiencing significant activity declines' but does not quantify specific employee counts for this charge.
2009-06-30restructuringin_progressGlobalAll segments; headcount reductions concentrated in locations with significant activity declinesUSD 45 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A attributes part of the operating income decline to a $45 million employee separation cost charge for the six months ended June 30, 2009, including $17 million in the second quarter. No employee counts, announcement date, or completion timing disclosed; no separate restructuring footnote in this filing.
2009-06-30restructuringcompletedNorth AmericaUSD 17 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charge associated with employee separation costs in North America for the three months ended June 30, 2009.
2009-06-30restructuringcompletedNorth AmericaUSD 45 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charge associated with employee separation costs in North America for the six months ended June 30, 2009.
2009-03-31restructuringin_progressNorth AmericaNot specifiedUSD 28 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A attributes part of the $231M operating income decline to a $28 million charge for employee separation costs; no headcount affected, announcement date, or completion timing disclosed. Company also lists reducing headcount in locations with significant activity declines among its 2009 focus areas.
2009-03-31restructuringin_progressNorth AmericaCorporate and otherUSD 28 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charge associated with employee separation costs in North America, partially offset by savings from cost reductions.
2009-03-31otherin_progressGlobalAll segmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company stated it is 'reducing headcount in locations experiencing significant activity declines' as part of 2009 focus areas.
2008-12-31reduction_in_forceannounced2009-02Not specified — described as locations experiencing significant activity declinesMD&A
f5-10k / GLM-5.3-flash-HTML
2009 cost-reduction plan, stated in the Form 10-K filed February 2009, includes reducing headcount in locations with significant activity declines; no affected-employee count, charge, or completion timeline quantified. Mentioned in both the Executive Overview and Business Environment sections of MD&A; extracted once.
2008-09-30acquisition_additioncompleted2008-05United StatesDrilling and EvaluationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired all intellectual property, assets, and existing business of KSI, a geopressure and geomechanical analysis software and services provider. No employee count disclosed.
2008-09-30acquisition_additioncompleted2008-06United States; Italy; United KingdomCompletion and ProductionMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired all intellectual property and assets of Protech Centerform, a casing centralization services provider, with locations in Houston, Ravenna, and Aberdeen. No employee count disclosed.
2008-09-30acquisition_additioncompleted2008-07NetherlandsCompletion and Productionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired the remaining 49% equity interest in WellDynamics from Shell Technology Ventures Fund 1 B.V., reaching 100% ownership; provider of intelligent well completion technology. No employee count disclosed; a $22 million acquisition-related charge for employee incentive compensation awards was recorded in Corporate and other.
2008-09-30acquisition_additioncompleted2008-10United StatesDrilling and EvaluationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter acquisition (October 2008) of Pinnacle assets, including the Pinnacle brand, from CARBO Ceramics Inc.; microseismic fracture mapping and tiltmeter mapping services provider. No employee count disclosed.
2008-06-30acquisition_additioncompleted2008-062008-07InternationalCompletion and Productionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to buy Shell Technology Ventures' remaining 49% of WellDynamics B.V.; closed July 2008 giving 100% ownership. No headcount disclosed.
2008-06-30acquisition_additioncompleted2008-06United States; Italy; United KingdomCompletion and ProductionMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of all IP and assets of Protech Centerform (casing centralization services). No headcount disclosed.
2008-06-30acquisition_additioncompleted2008-05United StatesDrilling and EvaluationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Knowledge Systems Inc. (KSI), geopressure and geomechanical analysis software/services. No headcount disclosed.
2007-12-31divestiture_reductioncompleted2007-04-05WorldwideKBR, Inc. — all KBR segments (reclassified to discontinued operations)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Spin-off completed April 5, 2007 via exchange of 135.6 million KBR shares for 85.3 million Halliburton shares, following a November 2006 IPO of about 32 million KBR shares. KBR employee headcount is not disclosed; reported workforce totals cover continuing operations only.
2007-12-31acquisition_additioncompleted2007-012007-01CanadaDrilling and Evaluation — wireline servicesbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired the intellectual property, current assets, and existing wireline services business of Calgary-based Ultraline for about $178 million. Headcount acquired is not disclosed.
2007-12-31acquisition_additioncompleted2007-072007-07Eastern Hemisphere (United Kingdom, Norway, Middle East, Azerbaijan, Algeria, Asia Pacific)Completion and Production — process, pipeline, and well intervention servicesbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired the entire share capital of PSLES for about $330 million ($326 million cash plus $4 million of assumed debt). Headcount acquired is not disclosed.
2007-12-31acquisition_additioncompleted2007-092007-09Software — 3-D interpretation and geometric modeling applicationsMD&A
f5-10k / GLM-5.3-flash-HTML
Acquired the intellectual property and substantially all assets and existing business of GeoSmith Consulting Group, LLC. Headcount and purchase price are not disclosed.
2007-12-31acquisition_additioncompleted2007-112007-11RussiaDirectional drilling servicesMD&A
f5-10k / GLM-5.3-flash-HTML
Acquired the entire share capital of OOO Burservice. Headcount and purchase price are not disclosed.
2007-12-31voluntary_separationcompleted2007Corporate and otherUSD 12 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
A $12 million charge for executive separation costs was recognized in 2007 results; the number of affected executives is not disclosed. The filing separately includes Exhibit 10-35, a resignation and early-retirement settlement agreement for an executive effective December 2007.
2007-12-31divestiture_reductioncompleted2006-112007-04-05GlobalKBR, Inc. (Engineering and Construction; Government and Infrastructure)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
KBR IPO of approximately 32 million shares at $17.00 completed November 2006; full separation completed April 5, 2007 by exchanging 135.6 million KBR shares for 85.3 million Halliburton shares. KBR headcount removed is not disclosed; KBR reported revenue of $2,250 million and operating income of $62 million for the portion of 2007 included in discontinued operations.
2007-12-31acquisition_additioncompleted2007-012007-01CanadaDrilling and Evaluation (wireline and perforating services)USD 178 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price of approximately $178 million for the Ultraline wireline business, a division of Savanna Energy Services Corp.; recorded goodwill of $124 million and intangibles of $41 million. Employees added not disclosed.
2007-12-31acquisition_additioncompleted2007-052007-05Completion and Production (production enhancement)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of intellectual property, assets, and existing business of Vector Magnetics LLC active ranging technology for steam-assisted gravity drainage; consideration and headcount not disclosed.
2007-12-31acquisition_additioncompleted2007-072007-08United Kingdom, Norway, Middle East, Azerbaijan, Algeria, Asia PacificCompletion and Production (process, pipeline, and well intervention services)USD 330 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of approximately $330 million ($326 million cash plus $4 million debt assumed); goodwill of $163 million and intangibles of $54 million recorded on a preliminary basis. Results included in the Completion and Production segment beginning August 2007; employees added not disclosed.
2007-12-31acquisition_additioncompleted2007-092007-09Drilling and Evaluation (Landmark software)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of intellectual property and substantially all assets and existing business of GeoSmith Consulting Group, LLC, a developer of 3-D interpretation and geometric modeling software; consideration and headcount not disclosed.
2007-12-31acquisition_additioncompleted2007-112007-11RussiaDrilling and Evaluation (directional drilling services)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the entire share capital of OOO Burservice; consideration and headcount not disclosed.
2007-12-31voluntary_separationcompleted2007-12-152007-12-31United StatesCorporateUSD 12 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
MD&A discloses a $12 million charge for executive separation costs within Corporate and other for 2007; number of executives affected is not stated. Exhibit 10-35 documents Andrew R. Lane's resignation as officer and director effective December 15, 2007 with employment terminating December 31, 2007 and election of early retirement.
2007-12-31othercompletedCanadaOperationsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Filer states that, where appropriate, it reduced personnel and relocated equipment to higher-utilization areas in response to the Canada activity decline (full-year Canada revenue down 22% on a 27% lower average rig count); no headcount figure, date, or charge disclosed.
2007-12-31restructuringcompleted2007-09-302007-12-31GlobalCorporateUSD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Executive separation costs of $12 million recorded in Corporate and other expenses in Q3 2007.
2007-09-30divestiture_reductioncompleted2007-04-052007-04-05GlobalKBR (Government and Infrastructure; Engineering and Construction segments)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed separation via exchange of 135.6M KBR shares for 85.3M Halliburton shares; KBR reclassified to discontinued operations. No employee count disclosed.
2007-09-30acquisition_additioncompleted2007-07-012007-07-31United Kingdom / Eastern hemisphereCompletion and Productionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for approx. $320M; results included in Completion and Production from July 2007. No headcount added disclosed.
2007-09-30acquisition_additioncompleted2007-01-012007-01-31CanadaDrilling and Evaluation (wireline services)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for approx. $178M; results included in Drilling and Evaluation from January 2007. No headcount added disclosed.
2007-06-30divestiture_reductioncompleted2007-04-052007-04-05GlobalKBR, Inc. (Government and Infrastructure; Engineering and Construction segments)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed separation via exchange of 135.6 million KBR shares for 85.3 million Halliburton shares; KBR reclassified to discontinued operations. No employee count disclosed.
2007-06-30acquisition_additioncompleted2007-01-012007-01-01CanadaDrilling and Formation Evaluation (wireline services)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Ultraline Services Corporation assets and business for approximately $176 million; no headcount added disclosed.
2007-06-30acquisition_additionannounced2007-04-012007-09-30United KingdomProduction Optimization (process, pipeline and well intervention services)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire PSL Energy Services Limited; company has approximately 1,000 employees, but no acquired-headcount figure is stated as a workforce addition.
2007-06-30acquisition_additionannounced2007-07-01RussiaDrilling and Formation Evaluation (directional drilling services)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
July 2007 definitive agreement to purchase OOO Burservice; no employee count disclosed.
2007-06-30restructuringin_progress2006-11-01CanadaNorth America operations (pressure pumping / well stimulation)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Filer states personnel were reduced and equipment relocated from Canada to higher-utilization areas amid activity decline; no headcount or charge quantified.
2007-06-30acquisition_additioncompleted2007-01-01CanadaDrilling and Formation Evaluationbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired Ultraline Services Corporation; headcount not disclosed.
2007-06-30acquisition_additionannounced1,0002007-04-012007-09-30United Kingdom, Norway, Middle East, Azerbaijan, Algeria, Asia-PacificProduction Optimizationsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement to purchase PSL Energy Services Limited; expected to close in Q3 2007.
2007-06-30acquisition_additionannounced2007-07-01RussiaDrilling and Formation Evaluationsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement to purchase OOO Burservice; headcount not disclosed.
2007-03-31divestiture_reductioncompleted2006-11-202007-04-05GlobalKBR (Government and Infrastructure; Engineering and Construction) — reported as discontinued operationssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Separation completed 2007-04-05 by exchanging 135.6 million KBR shares for 85.3 million Halliburton shares; KBR headcount removed from reporting is not quantified. Announcement date is the date of the master separation agreement. A gain of approximately $1.0 billion on the disposition will be recorded in Q2 2007.
2007-03-31acquisition_additioncompleted2007-012007-01CanadaDrilling and Formation Evaluation (wireline services)USD 180 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the Calgary-based Ultraline wireline services division of Savanna Energy Services Corp. for approximately $180 million; goodwill of $106 million and intangibles of $44 million recorded. Employees added not disclosed.
2007-03-31acquisition_additionannounced1,0002007-04United Kingdom (operations also in Norway, Middle East, Azerbaijan, Algeria, Asia-Pacific)Production Optimization (process, pipeline and well intervention services)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement entered during April 2007 to purchase all share capital of PSLES, subject to regulatory approvals. The approximately 1,000 figure is the target's total workforce at announcement, not a confirmed retained-headcount addition.
2006-12-31divestiture_reductioncompleted2006Not disclosedKBR — Energy and Chemicals segment (Production Services group)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Sale of KBR's Production Services group completed in the second quarter of 2006 for net proceeds of $265 million, generating an adjusted pretax gain of about $120 million; operations reclassified to discontinued operations; affected headcount not disclosed.
2006-12-31divestiture_reductionannounced2007-02-262007-04-30GlobalKBR — Energy and Chemicals and Government and Infrastructure segmentssubsequent_events
f5-10k / GLM-5.3-flash-HTML
Board approved a plan on February 26, 2007 to dispose of the remaining ~81% KBR interest via a tax-free exchange offer and spin-off dividend; separation expected no later than end of April 2007. Follows the November 2006 KBR IPO (~32 million shares). Headcount transferring with KBR not quantified.
2006-12-31acquisition_additioncompleted2007-01CanadaEnergy Services Group — Drilling and Formation Evaluationbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquisition of Calgary-based Ultraline Services Corporation (wireline services, from Savanna Energy Services Corp.) closed in January 2007 for approximately $177 million, subject to working capital adjustment; added headcount not disclosed.
2006-12-31divestiture_reductioncompleted2006-05-312006-05-31GlobalKBR — Energy and Chemicals (Production Services group)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of KBR's Production Services group completed in Q2 2006 for net proceeds of $265 million; operations reclassified to discontinued operations. Headcount removed not disclosed.
2006-12-31acquisition_additionannounced2007-01-312007-01-31CanadaDrilling and Formation EvaluationUSD 177 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January 2007 acquisition of Ultraline Services Corporation wireline business for approximately $177 million, subject to working capital adjustment; acquired headcount not disclosed.
2006-12-31otherannounced2007-02-262007-04-30GlobalKBR, Inc. (Energy and Chemicals; Government and Infrastructure)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Board approved plan to dispose of remaining ~81% interest in KBR via tax-free exchange offer and pro rata dividend; separation expected no later than end of April 2007. Workforce transferring to KBR not quantified.
2006-03-31divestiture_reductionannounced2006-03-312006-06-30Energy and Chemicals — KBR Production Services groupother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement signed March 2006 to sell KBR's Production Services group for $280 million; expected to close Q2 2006 with ~$100 million pretax gain. Operations reclassified to discontinued operations. No employee count disclosed.
2006-03-31otherannounced2006-04-30KBR, Inc.subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
In April 2006 KBR filed Form S-1 for an IPO of less than 20% of KBR, with planned master separation and transition services agreements. No headcount impact quantified.
2005-12-31restructuringcompleted2004-10-012005-12-31GlobalKBRUSD 40 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring of KBR into two segments effective Oct 1, 2004. Total charges $40M ($31M personnel termination benefits, $9M asset impairments). All amounts paid by Dec 31, 2005.
2005-06-30restructuringcompleted2004-10-01KBR (Government and Infrastructure; Energy and Chemicals)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
KBR restructured effective 2004-10-01 into two segments; restructuring designed to yield about $100 million in annual savings. No employee count, severance charge, or headcount impact disclosed in this filing.
2005-06-30restructuringcompleted2004-10-01GlobalKBRMD&A
f5-10q / Qwen3.6-27B-Q8_0
KBR restructuring completed in Q1 2005; designed to yield approx $100M annual savings. No specific headcount disclosed.
2005-06-30othercompleted22004-06-01NigeriaKBRMD&A
f5-10q / Qwen3.6-27B-Q8_0
Termination of A. Jack Stanley and another consultant/former employee for Code of Business Conduct violations related to Nigerian project.
2005-03-31restructuringin_progressKBRMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
KBR restructuring (reorganized into Government and Infrastructure and Energy and Chemicals effective October 1, 2004); management expects approximately $100 million in annual savings. No employee count, severance charge, or completion date disclosed in this filing.
2005-03-31restructuringin_progress2004-10-01GlobalKBRMD&A
f5-10q / Qwen3.6-27B-Q8_0
KBR restructuring effective Oct 1, 2004; expected to yield approx $100M in annual savings. No specific headcount reduction disclosed in this filing.
2005-03-31othercompleted2004-06-01NigeriaKBRMD&A
f5-10q / Qwen3.6-27B-Q8_0
Termination of relationships with Mr. Stanley and another consultant/former employee due to Code of Business Conduct violations.
2004-12-31restructuringin_progress2004-10-01KBR — Government and Infrastructure and Energy and Chemicals segmentsUSD 40 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
KBR reorganized into two segments effective October 1, 2004. FY2004 charge of $40M comprises $31M personnel termination benefits and $9M impairment of technology-related assets; $32M in Cost of services and $8M in G&A. MD&A attributes $12M to Government and Infrastructure and $28M to Energy and Chemicals. Schedule II shows $22M paid during 2004 with a $19M reserve unpaid at year-end. No employee count disclosed.
2004-12-31divestiture_reductioncompleted2004-08Production Optimization — surface well testing and subsea test tree operationsother
f5-10k / GLM-5.3-flash-HTML
Sold to Power Well Service Holdings, LLC (a First Reserve Corporation affiliate) for approximately $129M, of which $126M was cash received. No headcount impact disclosed; a $54M gain was recorded but not fully recognized at year-end due to continuing involvement in certain countries.
2004-12-31restructuringin_progress2004-10-01Not specifiedKBR (Government and Infrastructure and Energy and Chemicals segments)USD 40 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
KBR restructured into two segments effective October 1, 2004. Total 2004 restructuring and related costs of $40 million comprised $31 million in personnel termination benefits and $9 million in technology asset impairments; $32 million in cost of services and $8 million in G&A. $19 million remained unpaid at year-end. Number of employees affected not disclosed. Company expects $80-100 million in annual savings from the reorganization.
2004-12-31divestiture_reductioncompleted2004-08-312004-08-31Not specifiedProduction Optimization — surface well testing and subsea test tree operationsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold to Power Well Service Holdings, LLC (First Reserve affiliate) for approximately $129 million, of which $126 million cash received; $54 million gain recorded in 2004. Headcount transferred not disclosed.
2004-12-31divestiture_reductioncompleted2005-01-312005-01-31Not specifiedProduction Optimization — 50% interest in Subsea 7, Inc.subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: sale of 50% interest to Siem Offshore completed January 2005 for approximately $200 million cash; gain of approximately $110 million recorded in Q1 2005. Headcount removed not disclosed.
2004-12-31restructuringcompleted2004-10-01GlobalKBRUSD 40 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring of KBR into two segments. Charge includes $31 million in personnel termination benefits and $9 million in impairment charges.
2004-09-30restructuringin_progress2004-10-012004-12-31Engineering and Construction Group (KBR)USD 18 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
KBR reorganized into Energy and Chemicals and Government and Infrastructure divisions effective 2004-10-01. Charge comprised $10M personnel termination benefits and $8M technology asset impairment; $10M unpaid at quarter-end. Additional charge of about $12M expected in Q4 2004, primarily termination benefits. No employee count disclosed.
2004-09-30divestiture_reductioncompleted2004-08Production Optimization — Surface Well Testing and Subsea Test Tree operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Operations sold to Power Well Service Holdings for about $129 million; no headcount associated with the sale was disclosed.
2004-09-30restructuringin_progress2004-09-302004-12-31GlobalEngineering and Construction GroupUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring costs of $18 million recorded in Q3 2004, consisting of $10 million in personnel termination benefits and $8 million in impairment charges. Additional charge of approx $12 million expected in Q4 2004 primarily for personnel termination benefits.
2004-06-30othercompleted2004-06-30GlobalManagement / ConsultingMD&A
f5-10q / Qwen3.6-27B-Q8_0
Terminated all relationships with A. Jack Stanley (former consultant and chairman of KBR) and another consultant/former employee of M.W. Kellogg, Ltd. due to violations of Code of Business Conduct involving improper personal benefits.
2003-12-31restructuringin_progress2002-03-18GlobalEnergy Services Group and Engineering and Construction GroupUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Ongoing multi-year restructuring program announced March 2002. In 2003, $9M of severance and other reorganization costs charged against the restructuring reserve, leaving ~$1M balance at year-end. Employee count for 2003 activity not separately disclosed. Original 2002 program included $64M personnel-related expense.
2003-12-31divestiture_reductioncompleted2003-01-012003-01-31United KingdomDrilling and Formation EvaluationItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mono Pumps business sold to National Oilwell in January 2003. Headcount not disclosed.
2003-12-31divestiture_reductioncompleted2003-03-012003-03-31United KingdomLandmark and Other Energy ServicesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Wellstream flexible pipe business sold to Candover Partners in March 2003. Headcount not disclosed.
2003-12-31divestiture_reductioncompleted2003-05-012003-05-31United StatesProduction OptimizationItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Halliburton Measurement Systems assets sold to NuFlo Technologies in May 2003. Headcount not disclosed.
2003-12-31restructuringcompleted2002-03-182003-12-31GlobalEnergy Services Group and Engineering and Construction GroupUSD 107 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2002 restructuring program. $107 million total cost incurred in 2002. $9 million charged against reserve in 2003. $1 million balance remaining in reserve at Dec 31, 2003. Employee count not explicitly disclosed for the action itself, though total headcount increased significantly due to Middle East operations.
2003-12-31restructuringcompleted2003-12-31GlobalMultipleUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2003 activity: $9M charged against restructuring reserve for severance and other reorganization costs; reserve balance reduced to ~$1M at year-end. Original $107M program was announced in 2002. Employee count not disclosed.
2003-12-31divestiture_reductioncompleted2003-01-152003-01-15United KingdomDrilling and Formation Evaluationdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mono Pumps business sold to National Oilwell; headcount not disclosed.
2003-12-31divestiture_reductioncompleted2003-03-312003-03-31United KingdomLandmark and Other Energy Servicesdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Wellstream flexible pipe business sold to Candover Partners; headcount not disclosed.
2003-12-31divestiture_reductioncompleted2003-05-312003-05-31United StatesProduction Optimizationdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Certain assets of Halliburton Measurement Systems sold to NuFlo Technologies; headcount not disclosed.
2003-12-31restructuringin_progress2002-03-18GlobalEnergy Services Group and Engineering and Construction GroupUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Current-fiscal-year activity only: $9 million of severance and other reorganization costs charged against the 2002 restructuring reserve during 2003, leaving approximately $1 million in the reserve at December 31, 2003. The original program (announced March 2002) totaled $107 million and is reported in prior filings; no employee counts are disclosed.
2003-12-31divestiture_reductioncompleted2003-01GlobalDrilling and Formation Evaluation (Mono Pumps)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Mono Pumps business sold to National Oilwell, Inc. in January 2003; headcount removed through the disposition is not disclosed.
2003-12-31divestiture_reductioncompleted2003-03United Kingdom / Panama City, Florida / BrazilLandmark and Other Energy Services (Wellstream)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Wellstream flexible pipe business sold to Candover Partners Ltd. for $136 million cash in March 2003; headcount removed through the disposition is not disclosed.
2003-12-31divestiture_reductioncompleted2003-05GlobalProduction Optimization (Halliburton Measurement Systems)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Certain assets of Halliburton Measurement Systems sold to NuFlo Technologies for approximately $33 million cash in May 2003; headcount removed through the disposition is not disclosed.
2003-06-30restructuringin_progress2003-04-01GlobalEnergy Services GroupMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company restructured Energy Services Group into four divisions to better align with customer procurement. No specific headcount or charge disclosed.
2003-03-31restructuringin_progress2002-04-012003-12-31GlobalCorporate / cross-segment reorganizationUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization into two operating subsidiary groups; $4M of $8M severance accrual utilized in Q1 2003, $6M remaining at quarter-end; no employee count disclosed.
2003-03-31restructuringin_progress2002-06-302003-12-31GlobalCorporate / Support FunctionsUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Utilized $4 million of severance accruals from 2002 reorganization; $6 million remaining accruals expected to be used in 2003. Employee count not disclosed.
2003-03-31divestiture_reductioncompleted2003-03-312003-03-31United Kingdom, United States, BrazilEnergy Services GroupUSD -15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Wellstream business assets. Pretax loss of $15 million. Employee count not disclosed.
2003-03-31divestiture_reductioncompleted2003-01-152003-01-15GlobalEnergy Services GroupUSD 36 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Mono Pumps business. Pretax gain of $36 million. Employee count not disclosed.
2002-12-31restructuringcompleted2002-03-18WorldwideCorporate reorganization across Energy Services Group and Engineering and Construction GroupUSD 107 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Substantially completed in 2002; reorganized the company into two operating subsidiary groups. Charges comprised $64 million personnel-related expense, $17 million asset write-downs, $20 million professional fees, and $6 million contract terminations; by segment, $64 million Energy Services Group, $18 million Engineering and Construction Group, $25 million general corporate. Roughly $10 million of severance and other accruals remained at year-end for payment during 2003. Headcount affected not disclosed; filer anticipates $200 million in annualized cost savings.
2002-12-31restructuringcompleted3020002002-01Engineering and Construction Group — senior managementUSD 16 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Plan approved in Q4 2000 to consolidate engineering and construction businesses into one unit; severance of $16 million covered approximately 30 senior management positions (charge recorded in 2000 within total 2000 restructuring charges of $36 million). Final personnel actions were completed in January 2002 with no remaining accruals; headcount is the program total attributed to the 2000 charge.
2002-12-31divestiture_reductioncompleted2002-05Worldwide subsea operationsEnergy Services Group — Subsea operationsother
f5-10k / GLM-5.3-flash-HTML
Contributed substantially all Halliburton Subsea assets (book value approximately $82 million) for 50% ownership of newly formed Subsea 7, Inc.; subsea operations moved to equity-method accounting and were deconsolidated. Number of employees transferring to the joint venture was not disclosed.
2002-12-31restructuringcompleted2002-03-182002-12-31GlobalCorporate-wideUSD 107 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Corporate reorganization into two operating groups; $64M personnel expense, $17M asset write-downs, $20M professional fees, $6M contract terminations; employee count not disclosed; $8M severance accrual remaining at year-end
2002-12-31divestiture_reductioncompleted2002-01-012002-01-31EuropeEnergy Services Group — European Marine Contractorsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold 50% interest in European Marine Contractors Limited to Saipem; employee count not disclosed
2002-12-31divestiture_reductioncompleted2002-09-302002-09-30GlobalEnergy Services Group — Bredero-Shaw pipecoating JVdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold 50% interest in Bredero-Shaw to ShawCor Ltd.; employee count not disclosed
2002-12-31divestiture_reductioncompleted2002-05-012002-05-31GlobalEnergy Services Group — Halliburton Subseadiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Contributed substantially all Subsea assets to newly formed Subsea 7, Inc. (50% owned); employee count not disclosed
2002-12-31divestiture_reductioncompleted2002-08-012002-08-31United StatesEnergy Services Group — Integrated Solutions propertiesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold several Integrated Solutions properties in the US; employee count not disclosed
2002-12-31restructuringcompleted2002-03-182002-12-31WorldwideCorporate and Business SegmentsUSD 107 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Approximately $107 million in restructuring charges incurred in 2002, including $64 million in personnel related expense. No specific headcount reduction number disclosed.
2002-12-31restructuringin_progress2002-03-182003-12-31WorldwideCompany-wide (Energy Services Group and KBR)USD 107 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charge comprises $64M personnel, $17M asset write-downs, $20M professional fees, $6M contract terminations; $8M severance accrual remains, payable during 2003. MD&A allocates charges: $64M Other Energy Services, $18M KBR segments, $25M general corporate. Annualized cost savings targeted at $200M.
2002-12-31divestiture_reductioncompleted2002-012002-01InternationalOther Energy Services (European Marine Contractors Ltd. joint venture)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
50% interest sold to Saipem; headcount not disclosed
2002-12-31divestiture_reductioncompleted2002-052002-05InternationalOther Energy Services (Halliburton Subsea assets)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Substantially all subsea assets contributed to Subsea 7, Inc. (50% equity method); headcount not disclosed
2002-12-31divestiture_reductioncompleted2002-09-302002-09-30InternationalOther Energy Services (Bredero-Shaw joint venture)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
50% interest sold to ShawCor Ltd.; $61M impairment plus $18M pretax loss on sale; headcount not disclosed
2002-12-31divestiture_reductioncompleted2003-032003-03InternationalDrilling and Formation Evaluation (Mono Pumps)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Disposed of in the first quarter of 2003, after fiscal year-end; headcount not disclosed
2002-12-31divestiture_reductionannounced2003-03-11InternationalOther Energy Services (Wellstream)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Press release announcing sale of Wellstream after fiscal year-end; headcount not disclosed
2002-09-30restructuringin_progress2002-03-182002-12-31GlobalEnergy Services Group; Engineering and Construction Group; General corporateUSD 78 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Year-to-date charges include $47M personnel, $16M asset write-downs, $11M professional fees, $4M contract terminations. No employee count disclosed. Additional ~$12M expected in Q4 2002.
2002-09-30restructuringin_progress2002-03-182002-12-31GlobalEnergy Services Group; Engineering and Construction Group; General corporateUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2002 personnel reduction and asset write-off charges. $6M remains accrued for severance, expected paid in Q4 2002. No employee count disclosed.
2002-09-30restructuringin_progress2002-03-182002-12-31GlobalCorporate and Shared ServicesUSD 78 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced March 18, 2002. YTD charges of $78 million include $47 million personnel costs, $16 million asset write-downs, $11 million professional fees, and $4 million contract terminations. $6 million remains in accruals for severance, expected to be paid in Q4 2002. Additional charges of approx $12 million expected in Q4.
2002-06-30restructuringin_progress2002-03-182002-12-31GlobalCorporate-wide (Energy Services Group and Engineering and Construction Group)USD 67 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
YTD charge of $67M includes $44M personnel, $13M asset write-downs, $7M professional fees, $3M contract terminations. $15M severance accrual remaining. No employee headcount disclosed. Additional ~$20M expected in H2 2002.
2002-06-30divestiture_reductioncompleted2002-01-012002-01-31EuropeEnergy Services Group — European Marine Contractors Ltd. (50% JV interest sold)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 50% interest in European Marine Contractors Ltd. to Saipem in January 2002; no headcount disclosed.
2002-06-30divestiture_reductionannounced2002-07-22GlobalEnergy Services Group — Bredero-Shaw joint venture (50% interest)USD 61 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Letter of intent signed July 22, 2002 to sell 50% interest to ShawCor Ltd. for $150M; $61M impairment charge recorded in Q2 2002. No headcount disclosed.
2002-06-30acquisition_additioncompleted2001-11-012001-11-30United StatesEnergy Services Group — Magic Earth, Inc.business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Magic Earth acquired November 2001 for $100M in stock; no headcount disclosed. Included for completeness as acquisition referenced in current filing.
2002-06-30restructuringin_progress2002-03-182002-12-31GlobalCorporate and Shared ServicesUSD 67 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced March 18, 2002. YTD charges of $67 million include $44 million personnel costs, $13 million asset write-downs, $7 million professional fees, and $3 million contract terminations. Expected additional charges of $20 million in H2 2002. Employee count not disclosed.
2002-03-31restructuringin_progress2002-01-012002-06-30GlobalEnergy Services Group; Engineering and Construction Group; General corporateUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization to separate Energy Services and Engineering & Construction into two groups of wholly-owned subsidiaries. $11M pretax severance ($5M ESG, $4M E&C, $2M corporate); $7M after-tax for executives. No employee count disclosed. Announced internally in Q1 2002.
2002-03-31restructuringin_progress2002-03-312002-06-30GlobalCorporate and Business SegmentsUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of business operations into two separate groups. $11M pretax severance incurred in Q1 2002 ($5M Energy Services, $4M Engineering & Construction, $2M General Corporate). Most costs expected in Q2 2002.
2002-03-31othercompleted2002-03-312002-03-31NigeriaForeign Subsidiaryother
f5-10q / Qwen3.6-27B-Q8_0
Termination of several employees following investigation into improper payments of $2.4M to a local tax authority employee.
2001-12-31restructuringcompleted302000-122002-01Engineering and Construction GroupUSD 16 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Severance for the planned elimination of approximately 30 senior management positions under the Q4-2000 reorganization of engineering and construction businesses into Halliburton KBR. $11 million paid through Dec 31, 2001 with personnel elimination substantially complete at that date; final personnel actions completed January 2002. Headcount and charge are program totals, not solely FY2001 activity.
2001-12-31divestiture_reductioncompleted2000-042001-04-10Dresser Equipment Group (discontinued operations)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Board approved sale of all remaining Dresser Equipment Group businesses in April 2000; sale completed April 10, 2001 for cash proceeds of about $1.27 billion. No transferred-employee headcount disclosed; prior-year (Dec 31, 2000) headcount included about 9,000 discontinued-operations employees as context only.
2001-12-31restructuringcompleted302000-12-312002-01-31GlobalEngineering and Construction GroupUSD 36 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program announced Q4 2000; $36M total pretax charge ($20M asset, $16M personnel). In 2001, $11M of severance utilized and $4M estimate adjustment; last personnel action completed January 2002. Planned reduction of approximately 30 senior management positions.
2001-12-31divestiture_reductioncompleted2001-04-102001-04-10GlobalDresser Equipment Groupdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of remaining Dresser Equipment Group businesses completed April 10, 2001. Prior-year disclosure noted approximately 9,000 employees related to discontinued operations at Dec 31, 2000; no explicit 2001 employee count disclosed for the divestiture.
2001-12-31restructuringcompleted302000-12-312002-01-31GlobalEngineering and Construction GroupUSD 16 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Plan approved in Q4 2000 to reorganize engineering and construction businesses. Severance costs of $16 million for planned reduction of approximately 30 senior management positions. Payments of $11 million made by Dec 31, 2001; last actions completed in Jan 2002.
2001-09-30restructuringcompleted302000-10-012000-12-31GlobalEngineering and Construction GroupUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of approximately 30 senior management positions as part of Q4 2000 restructuring. Personnel-related payments of $11 million made; elimination substantially complete.
2001-06-30restructuringin_progress302000-10-012001-12-31GlobalEngineering and Construction GroupUSD 16 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 30 senior management positions eliminated as part of Q4 2000 restructuring; personnel charges of $16M. Elimination substantially complete; remaining severance payments expected during 2001.
2001-06-30divestiture_reductioncompleted2001-01-012001-04-10GlobalDresser Equipment Groupother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of remaining Dresser Equipment Group businesses closed April 10, 2001 for $1.55B total value; no headcount associated with the divestiture disclosed.
2001-06-30acquisition_additioncompleted2001-03-012001-03-31GlobalEnergy Services Group — Landmark Graphicsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Landmark Graphics acquired PGS Data Management division for $175M in March 2001; no headcount added disclosed.
2001-06-30acquisition_additionannounced2001-04-30GlobalEnergy Services Groupbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed April 2001 to acquire Magic Earth, Inc. for $100M in stock; expected to close later in 2001 pending regulatory approvals. No headcount disclosed.
2001-06-30restructuringcompleted302000-10-012001-12-31Engineering and Construction GroupUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Elimination of approximately 30 senior management positions. Personnel related payments of $11 million have been made and elimination is substantially complete. Remaining payments expected during 2001.
2001-03-31restructuringin_progress302000-10-012001-12-31Engineering and Construction Group (Kellogg Brown & Root)USD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions taken in Q4 2000: personnel-related charges of $16M plus $20M asset charges; terminations of approximately 30 senior management positions substantially complete, $10M of severance paid, remaining payments expected in second half of 2001. Announcement date approximate (filing states only 'fourth quarter of 2000').
2001-03-31divestiture_reductioncompleted2001-01-312001-04-10Dresser Equipment Groupsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Dresser Equipment Group closed April 10, 2001 for $1.55 billion in cash and assumed liabilities; Halliburton retained a 5.1% equity interest. No employee count disclosed for the divested workforce.
2001-03-31acquisition_additioncompleted2001-01-022001-03-31Energy Services Group (Landmark Graphics)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Landmark Graphics acquired the PGS Data Management division of Petroleum Geo-Services ASA for $175 million in March 2001. No headcount added disclosed.
2001-03-31acquisition_additionannounced2001-04-30Energy Services Groupsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed April 2001 to acquire Magic Earth, Inc. via stock valued at $100 million; subject to regulatory and other approvals. No headcount disclosed.
2001-03-31restructuringin_progress302000-10-012001-12-31GlobalEngineering and Construction GroupUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Terminations of approximately 30 senior management positions substantially complete; remaining severance payments expected in second half of 2001.
2000-12-31restructuringin_progress302000-12-312001-06-30GlobalEngineering and Construction GroupUSD 16 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planned reduction of approximately 30 senior management positions, most to be terminated in Q1 2001; severance payments expected complete by mid-2001. Total pretax charge $36M including $20M asset-related charges.
2000-12-31restructuringcompleted10,1001998-09-302000-12-31GlobalAll segments including corporateUSD 63 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program announced 1998; original 10,850 reductions revised to 10,100 in June 1999. Terminations completed as of Dec 31, 2000. $63M of accrual utilized in FY2000; cumulative cash used since inception $368M. Charge shown is FY2000 utilization only.
2000-12-31divestiture_reductionannounced2001-01-312001-06-30GlobalDresser Equipment Groupsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed January 2001 to sell Dresser Equipment Group for $1.55B cash less assumed liabilities; expected close Q2 2001. Approximately 9,000 employees associated with discontinued operations at Dec 31, 2000. Halliburton retains 5% equity interest.
2000-12-31acquisition_additioncompleted2000-02-012000-02-28United KingdomEnergy Services Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired remaining 74% of PES (International) Limited, Aberdeen, Scotland; 1.2M Halliburton shares issued plus contingent rights for 850K–2.1M additional shares. Headcount not disclosed.
2000-12-31acquisition_additionannounced2001-01-022001-03-31GlobalEnergy Services Group — Landmark GraphicsUSD 175 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Offer accepted March 2001 to acquire PGS Data Management division of Petroleum Geo-Services ASA for $175M cash prior to working capital contribution. Headcount not disclosed.
2000-12-31restructuringin_progress302000-12-312001-03-31GlobalEngineering and ConstructionUSD 16 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Personnel charges of $16 million include severance for planned reduction of approximately 30 senior management positions, most terminated in Q1 2001.
2000-09-30restructuringcompleted10,1001998-12-312000-03-31GlobalAll business segments, corporate and shared service functionsUSD 980 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 merger and industry downturn charges. Revised plan reduced target from 10,850 to 10,100 due to voluntary resignations. Terminations substantially completed by March 31, 2000.
2000-06-30restructuringin_progress10,1001998-09-01GlobalAll business segments, corporate and shared service functionsUSD 980 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
1998 special charge program for Dresser merger integration and industry downturn. Originally announced 10,850 employee reductions; revised to 10,100 in June 1999. Personnel terminations substantially completed by March 31, 2000. Facility consolidation ongoing: 95% of facilities vacated, 86% sold or returned as of June 30, 2000. Remaining accrual $45M at quarter-end ($22M facility consolidation, $23M other).
2000-06-30restructuringin_progress1998-10-012000-12-31GlobalAll segmentsUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Utilization of $24 million in special charges during the first six months of 2000 related to the 1998 merger and industry downturn restructuring. Original plan affected 10,850 employees; revised to 10,100. Terminations substantially completed as of March 31, 2000. Remaining charges relate to facility consolidation and contract exits.
2000-03-31restructuringcompleted10,1001998-09-012000-03-31GlobalAll business segments, corporate and shared service functionsUSD 235 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Originally announced 10,850 reductions; revised to 10,100 in June 1999. Terminations substantially completed by March 31, 2000. Personnel charge of $235M was part of $980M total 1998 special charges.
2000-03-31acquisition_additioncompleted2000-02-16Aberdeen, ScotlandEnergy Services Groupbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of remaining 74% of PES (International) Ltd.; headcount not disclosed. Consideration included 1.2M shares plus contingent rights for 850K–2.1M additional shares.
2000-03-31divestiture_reductioncompleted1999-10-012000-02-02GlobalDresser Equipment Group (Dresser-Rand and Ingersoll-Dresser Pump joint ventures)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 51% Dresser-Rand interest completed February 2, 2000 for ~$579M; Ingersoll-Dresser Pump sold December 1999. Headcount not disclosed.
2000-03-31restructuringannounced2000-04-252001-03-31GlobalDresser Equipment Groupsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Board approved plans to sell remaining Dresser Equipment Group businesses; sales expected to close Q4 2000 or Q1 2001. Headcount not disclosed.
2000-03-31restructuringin_progress1998-09-302000-12-31GlobalAll segmentsUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Utilization of 1998 special charge reserve. Original plan affected 10,850 employees (revised to 10,100 in June 1999). Terminations substantially completed as of March 31, 2000. Remaining balance of $52 million expected to be utilized in 2000.
2000-03-31divestiture_reductioncompleted1999-10-012000-02-02GlobalDresser Equipment Groupbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of 51% interest in Dresser-Rand joint venture completed February 2, 2000. Sale of 49% interest in Ingersoll-Dresser Pump completed December 1999. Employee counts for these specific divestitures not disclosed.
2000-03-31acquisition_additioncompleted2000-02-182000-02-29Aberdeen, ScotlandEnergy Services Groupbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of remaining 74% of PES (International) Ltd. shares accepted by shareholders in February 2000. Employee count not disclosed.
1999-12-31restructuringin_progress13,0001998-09-29WorldwideAll business segments, shared services and corporate officesMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Net headcount reductions of 13,000 achieved during 1999 under the 1998 special-charge program (originally planned at over 10,000, revised to 10,100 in June 1999); figure is FY1999 activity and excludes personnel added to a major project during 1999
1999-12-31plant_closurein_progress1998-09-29WorldwidePrimarily Energy Services GroupUSD 74 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program to exit approximately 500 properties; cumulative through 1999-12-31, 452 facilities vacated and 343 sold or returned to owner. Charge shown is the portion of the $126M facility consolidation accrual utilized during 1999; original $126M charge was recorded in 1998
1999-12-31divestiture_reductioncompleted1999-10-041999-12-30WorldwideDresser Equipment Group — Ingersoll-Dresser Pump joint venture (49% interest)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 49% interest completed 1999-12-30 for approximately $515 million; no headcount disclosed
1999-12-31divestiture_reductioncompleted1999-01-011999-03-31WorldwideEnergy Services Group — pre-merger logging-while-drilling and part of measurement-while-drilling businessrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
March 1999 sale required under U.S. Department of Justice consent decree related to the Dresser merger; no headcount disclosed
1999-12-31divestiture_reductionannounced1999-10-042000-02-02WorldwideDresser Equipment Group — Dresser-Rand joint venture (51% interest)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale completed 2000-02-02 for approximately $579 million, after fiscal year-end but before filing; no headcount disclosed
1999-12-31acquisition_additionannounced2000-02-16United Kingdom (Aberdeen, Scotland)Energy Services Group — PES (International) Ltd.USD 120 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Offer to acquire remaining ~74% of PES accepted by shareholders in February 2000; estimated $120M goodwill, no headcount disclosed
1999-12-31restructuringcompleted13,0001998-09-291999-12-31WorldwideAll segmentsUSD 235 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Net headcount reductions of 13,000 achieved during 1999 related to 1998 special charge. Excludes personnel added to a significant project during 1999. Original plan was 10,850 reductions, revised to 10,100 in June 1999 due to voluntary resignations.
1999-12-31plant_closurecompleted1998-09-291999-12-31WorldwideAll segmentsUSD 126 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Program to exit approximately 500 properties. Through Dec 31, 1999, 452 facilities vacated; 343 sold or returned to owner. Charge relates to facility consolidation costs.
1999-09-30restructuringin_progress4,9001999-12-31Global (majority North America)All segments; 3,900 within Energy Services GroupUSD 141 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Part of the $980 million 1998 special charge program announced in Q3/Q4 1998 (exact announcement date not stated). Cumulative 1999 reductions of 4,900 through 2009-09-30; program estimate is 10,100 total reductions with 800 still to occur, mostly in Q4 1999. Charge shown is personnel charges utilized in 1999. MD&A separately reports approximately 18,500 personnel left and 11,400 hired since July 1998, a net reduction of about 7,100, of which roughly 9,300 relate to the special charge.
1999-09-30plant_closurein_progress1999-12-31Majority North AmericaMajority within Energy Services Group; service, administrative and manufacturing facilitiesUSD 61 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program to exit approximately 500 properties (about 400 accrued in the 1998 special charge). Through 1999-09-30, 408 properties vacated and 272 sold or returned to owners; associated headcount not separately disclosed. Charge shown is facility consolidation charges utilized in 1999.
1999-09-30divestiture_reductioncompleted1999-031999-03WorldwideEnergy Services Group — logging-while-drilling and measurement-while-drilling businessesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale required under DOJ consent decree related to the Dresser merger; financial impact reflected in the Q3 1998 special charge. Headcount removed not disclosed.
1999-09-30divestiture_reductionannounced1999-10-041999-12-30GlobalDresser Equipment Group — compression and pumping product lines (Dresser-Rand and Ingersoll-Dresser Pump joint ventures)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter announcement of sale to Ingersoll-Rand for approximately $1.1 billion; group's compression and pumping activities will end at close. Associated headcount not disclosed.
1999-09-30restructuringin_progress10,1001998-09-301999-12-31GlobalAll SegmentsUSD 980 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
1998 special charge program. Estimated total personnel reductions of 10,100. As of Sept 30, 1999, 9,300 reductions occurred (4,400 in 1998, 4,900 in 1999). 800 reductions remaining, mostly in Q4 1999. Includes $47M reversal in Q2 1999.
1999-09-30othercompleted18,5001998-07-011999-09-30GlobalAll SegmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Total employees, consultants, and contract personnel who left Halliburton since July 1998. Net reduction of 7,100 after 11,400 new hires.
1999-06-30restructuringin_progress4,40019981999-12-31GlobalAll segments; 3,500 of the 1999 reductions within the Energy Services Grouprestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Personnel reductions in 1999 under the 1998 special charge program; program totals 10,100 reductions with 1,300 still pending. Counts include employees, consultants and contract personnel.
1999-06-30restructuringin_progress1999-04-011999-12-31GlobalHalliburton Energy Services and Landmark GraphicsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Additional personnel reductions made in Q2 1999 outside the 1998 special charge plan; no headcount disclosed.
1999-06-30divestiture_reductioncompleted1999-03-011999-03-31GlobalEnergy Services Group — logging-while-drilling and measurement-while-drilling businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale to W-H Energy Services in March 1999, required by DOJ consent decree; no headcount disclosed.
1999-06-30divestiture_reductioncompleted1998-08-011999-04-30GlobalEnergy Services Group — 36% interest in M-I L.L.C.other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Equity interest sold August 1998 to satisfy DOJ commitment; $265M note collected April 1999; no headcount disclosed.
1999-06-30restructuringin_progress10,1001998-09-291999-12-31GlobalAll SegmentsUSD 980 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Total estimated personnel reductions associated with 1998 merger and industry downturn special charge. 1,300 reductions expected in second half of 1999. $47 million credit recorded in Q2 1999 due to lower than estimated costs.
1999-06-30restructuringin_progress12,1001998-07-011999-06-30GlobalAll SegmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Net total personnel reductions of approximately 12,100 through June 30, 1999 (16,200 departures minus 4,100 hires). Includes reductions outside the 1998 special charge plan.
1999-03-31restructuringin_progress6,0001999-12-31North AmericaPrimarily operations personnel; 8,400 of the 9,500 completed reductions were in the Energy Services Grouprestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Component of reductions completed since July 1998 under a program announcing 10,850 headcount reductions across all segments.
1999-03-31restructuringin_progress1,5001999-12-31Latin AmericaPrimarily operations personnelrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Component of reductions completed since July 1998 under the 10,850-position announced program.
1999-03-31restructuringin_progress2,0001999-12-31Rest of worldPrimarily operations personnelrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Component of reductions completed since July 1998 under the 10,850-position announced program; remaining reductions to be completed during 1999.
1999-03-31reduction_in_forcein_progress4,5001999-12-31WorldwidePrimarily operations personnel; 3,700 within the Energy Services GroupUSD 96 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reductions executed during the first quarter of 1999. Associated charge is personnel charges utilized during 1999 through March 31, 1999; $94 million personnel reserve remained.
1999-03-31plant_closurein_progress1999-12-31Worldwide; manufacturing closures began in Longview and Duncanville, TexasPrimarily Energy Services GroupUSD 101 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to vacate, sell or close over 400 service, manufacturing and administrative facilities. Through March 31, 1999 the company had sold or returned 120 facilities and held 163 additional vacated properties pending sale, sublease or return. Charge shown is the facility consolidation reserve balance at March 31, 1999; no headcount tied to closures is disclosed.
1999-03-31divestiture_reductioncompleted1999-01-221999-03-31WorldwideEnergy Services Group — logging-while-drilling and measurement-while-drilling businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale to W-H Energy Services, Inc. completed March 1999 pursuant to a DOJ consent decree. Financial impact was provided for in the third quarter 1998 special charge; no headcount transferred is disclosed.
1999-03-31restructuringin_progress4,5001999-03-311999-12-31GlobalEnergy Services Group (primarily operations personnel)USD 96 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of headcount levels, primarily operations personnel, by approximately 4,500 including 3,700 within the Energy Services Group during Q1 1999. Associated personnel charges utilized were $96 million. Remaining reductions to be completed in 1999.
1999-03-31plant_closurein_progress1999-03-311999-12-31GlobalEnergy Services GroupUSD 22 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plans to vacate, sell or close over 400 service, manufacturing and administrative facilities. In Q1 1999, began closing manufacturing facilities in Longview and Duncanville, Texas. Sold or returned 120 service and administrative facilities. Facility consolidation charges utilized were $22 million.
1998-12-31restructuringin_progress8,1001998-09-301999-12-31WorldwideAll segments, corporate and shared servicesUSD 205 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Third quarter 1998 charge for personnel reduction costs covering approximately 8,100 employees as part of a total announced program of 10,850 reductions; approximately 5,000 positions actually reduced during 1998 with remainder over balance of 1999
1998-12-31restructuringin_progress2,7501998-12-311999-12-31WorldwideEnergy Services GroupUSD 30 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fourth quarter 1998 additional personnel reduction charge within Energy Services Group; part of total announced program of 10,850 reductions across all segments
1998-12-31plant_closurein_progress1998-09-301999-12-31WorldwideAll segmentsUSD 126 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plans to vacate, sell or close over 400 service, manufacturing and administrative facilities; 33 facilities sold or returned in Q4 1998 with 100 additional vacated properties pending disposition at year-end
1998-12-31acquisition_additioncompleted1998-09-291998-09-29WorldwideDresser Equipment Group (new segment)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger with Dresser Industries completed September 29, 1998, accounted for as pooling of interests; no acquisition-related headcount figure disclosed
1998-12-31divestiture_reductioncompleted1998-08-311998-08-31WorldwideEnergy Services Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 36% interest in M-I L.L.C. to Smith International completed August 31, 1998; no headcount figure disclosed
1998-12-31divestiture_reductionannounced1999-01-221999-03-31WorldwideEnergy Services Group — PathFinder LWD/MWD businesssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell logging-while-drilling and measurement-while-drilling business to W-H Energy Services announced January 1999; DOJ approval received March 3, 1999; loss on sale expected; no headcount figure disclosed
1998-12-31restructuringcompleted10,8501998-09-291999-06-30WorldwideAll segments, corporate and shared service functionsUSD 235 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Personnel reduction costs covering approximately 10,850 employees (8,100 in Q3, 2,750 in Q4). Majority of reductions in Energy Services Group. Approximately 75% of reductions occurred within Energy Services Group. Remaining reductions to be incurred in 1999, primarily Q1 and Q2.
1998-12-31acquisition_additioncompleted1998-09-291998-09-29WorldwideEnergy Services, Engineering and Construction, Dresser EquipmentMD&A
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Dresser Industries, Inc. completed September 29, 1998. Specific headcount added not disclosed in filing, but total employees at year-end includes Dresser workforce.
1998-12-31restructuringin_progress10,8501998-10-011999-12-31WorldwideAll segments, corporate and shared services; approximately 75% within Energy Services GroupUSD 235 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced headcount reductions of 10,850; approximately 5,000 effected during 1998 (about 3,000 North America, 1,100 Latin America, including 4,700 in Energy Services Group), remainder over balance of 1999, primarily Q1-Q2. A Q4 1998 incremental charge of $30.0 million covered roughly 2,750 additional Energy Services Group reductions.
1998-12-31acquisition_additioncompleted1998-02-251998-09-29WorldwideDresser Industries, Inc. — became Dresser Equipment Group segmentbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pooling-of-interests merger completed 1998-09-29; approximately 176 million Halliburton shares issued plus ~7.3 million reserved for Dresser options/plans. Dresser headcount not disclosed in this filing.
1998-12-31plant_closurein_progress1998-10-011999-12-31WorldwidePrimarily Energy Services Group; service, manufacturing and administrative facilitiesUSD 126 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program to vacate, sell or close over 400 facilities. 33 facilities sold or returned in Q4 1998; 100 additional vacated properties pending sale, sublease or return at year-end. Charge comprises $85.5M owned-facility write-downs, $37.2M lease buyouts, $3.5M holding costs.
1998-12-31divestiture_reductioncompleted1998-08-311998-08-31WorldwideEnergy Services Group — 36% interest in M-I L.L.C. drilling fluids joint venturebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to Smith International for $265 million satisfied Halliburton's DOJ commitment in connection with the Dresser merger; no significant effect on net income. Headcount not disclosed.
1998-12-31divestiture_reductionannounced1999-01-221999-03-31WorldwideEnergy Services Group — PathFinder LWD/MWD businesssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement with W-H Energy Services announced January 1999 per DOJ consent decree; DOJ approval March 3, 1999; loss on sale expected. Related impairments of $3.0M property/equipment and $18.0M spare parts recorded in 1998 special charges.
1998-09-30restructuringin_progress8,1001998-09-30GlobalConsolidation, restructuring and merger-related (multiple segments)USD 205 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Personnel reduction component of the $945.1 million pretax special charge recorded in Q3 1998; approximately 2,700 terminations with $23 million severance cost occurred during the quarter. Program also includes $509M asset write-offs, $121M facility consolidation, $64M merger transaction costs and $46M other merger costs.
1998-09-30acquisition_additioncompleted1998-09-291998-09-29GlobalDresser Equipment Group (Dresser Industries, Inc.)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger with Dresser Industries completed September 29, 1998 via conversion of Dresser stock into approximately 176 million Halliburton shares, accounted for as a pooling of interests; Dresser results restated into all periods presented. Headcount added not disclosed.
1998-09-30divestiture_reductioncompleted1998-08-311998-08-31GlobalM-I L.L.C. (36% ownership interest, drilling fluids joint venture)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 36% interest in M-I L.L.C. to Smith International to satisfy DOJ divestiture commitment tied to the Dresser merger; $265 million purchase price paid via non-interest bearing note due April 1999. Headcount removed not disclosed.
1998-09-30otherannounced1998-09-301999-03-28GlobalWorldwide logging-while-drilling (LWD) businessbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
DOJ consent decree requires divestiture of the LWD business by March 28, 1999; affected business had 1997 revenues under $50 million (about 0.4% of combined Halliburton-Dresser revenues). Headcount impact not disclosed.
1998-09-30restructuringin_progress8,1001998-09-30GlobalConsolidation, restructuring and merger relatedUSD 205 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pretax special charge of $945 million includes $205 million related to personnel reduction costs covering approximately 8,100 employees. Approximately 2,700 terminations took place in Q3 1998.
1998-06-30restructuringin_progressGlobalEnergy Group; Engineering and Construction GroupMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company implementing plans to reduce number of employees in geographic areas where activity levels are lower than expected.
1997-12-31acquisition_additioncompleted1997-09-301997-09-30United StatesEnergy GroupUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
NUMAR Corporation acquired via pooling of interests for ~8.2M shares; $8.6M merger transaction costs recorded. No employee headcount disclosed for the acquisition.
1997-12-31acquisition_additioncompleted1997-04-011997-04-01United KingdomEngineering and Construction Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
OGC International plc acquired for ~$118.3M; provides engineering, operations and maintenance services to North Sea oil and gas industry. No headcount disclosed.
1997-12-31acquisition_additioncompleted1997-07-011997-07-01AustraliaEngineering and Construction Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Kinhill Holdings Limited acquired for ~$34M; engineering services across mining, petroleum, water, transportation. No headcount disclosed.
1997-12-31acquisition_additioncompleted1997-03-011997-03-01United KingdomEngineering and Construction Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Devonport Management Limited ownership increased from ~30% to 51%; Royal Dockyard acquisition for ~$64.9M. Consolidation of Devonport revenues. No headcount disclosed.
1997-12-31divestiture_reductioncompleted1997-10-201997-12-31United StatesEngineering and Construction Group — Environmental Servicesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Environmental services business sold to Tetra Tech, Inc. for ~$32M on 1997-12-31. No employee headcount disclosed for the divested unit.
1997-12-31restructuringcompleted1,0001996-092003-08GlobalEngineering and Construction Group; Administrative support functionsUSD 41 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Provisions of $41.0 million to terminate approximately one thousand employees related to reorganization efforts by the Engineering and Construction Group and plans to combine various administrative support functions. Company has substantially completed its reorganization plans initiated during the third quarter of 1996.
1997-12-31divestiture_reductioncompleted1997-101997-12-31GlobalEnvironmental services businessbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of environmental services business to Tetra Tech, Inc. completed on December 31, 1997. Headcount not explicitly disclosed.
1997-12-31acquisition_additioncompleted1997-09-301997-09-30United StatesEnergy GroupUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
NUMAR Corporation acquired via pooling of interests; merger transaction costs of $8.6M recorded. Headcount not disclosed.
1997-12-31acquisition_additioncompleted1997-04-301997-04-30United KingdomEngineering and Construction Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
OGC International plc acquired for approximately $118.3 million; provides engineering and O&M services to North Sea oil and gas industry. Headcount not disclosed.
1997-12-31acquisition_additioncompleted1997-07-311997-07-31AustraliaEngineering and Construction Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Kinhill Holdings Limited acquired for approximately $34 million; engineering services firm headquartered in Australia. Headcount not disclosed.
1997-12-31acquisition_additioncompleted1997-03-311997-03-31United KingdomEngineering and Construction Groupbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Ownership of Devonport Management Limited increased from approximately 30% to 51%, triggering consolidation of DML and Devonport Royal Dockyard plc. Headcount not disclosed.
1997-12-31divestiture_reductioncompleted1997-10-311997-12-31United StatesEngineering and Construction Group — Environmental Servicesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Environmental services business sold to Tetra Tech, Inc. for approximately $32 million; completed December 31, 1997. Headcount not disclosed.
1997-12-31restructuringin_progress1997-12-31United StatesEngineering and Construction Group — Highway and PavingItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company announced decision to exit certain highway and paving activities over time as part of refocusing on core competencies. No employee count or charge disclosed.
1997-09-30acquisition_additioncompleted1997-09-301997-09-30United StatesEnergy Groupbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock merger completed 1997-09-30; NUMAR assets and liabilities included at that date, increasing net assets by $21.3 million. No employee headcount disclosed. Related $8.6 million special charge covers transaction costs, not severance.
1997-09-30divestiture_reductionannounced1997-10-201997-12-31United StatesEnvironmental services business (Brown & Root)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell environmental services business to Tetra Tech for approximately $32 million, subject to regulatory approvals; expected to close by year-end 1997. Business contributed about $100 million (1% of revenues) in 1996. No headcount disclosed.
1997-09-30restructuringcompleted1,0001996-09-30Engineering and Construction Group; Administrative support functionsUSD 41 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Provision to terminate approximately one thousand employees related to reorganization efforts by the Engineering and Construction Group and plans to combine various administrative support functions into combined shared services. Company has substantially completed its reorganization plans initiated during the third quarter of 1996.
1997-06-30acquisition_additioncompleted1997-03-011997-03-31United KingdomEngineering and Construction GroupUSD 65 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
DML (51% owned) acquired Devonport Royal Dockyard plc; Company's DML stake increased from ~30% to 51%. Headcount not disclosed.
1997-06-30acquisition_additioncompleted1997-04-011997-04-30United Kingdom / North SeaEngineering and Construction GroupUSD 118 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of OGC International plc, an engineering and maintenance services provider to the North Sea oil and gas industry. Headcount not disclosed.
1997-06-30acquisition_additioncompleted1997-04-011997-04-30InternationalEnergy GroupUSD 34 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired 26% ownership interest in Petroleum Engineering Services. Minority stake; headcount not disclosed.
1997-06-30acquisition_additionannounced1997-06-091997-09-30United StatesEnergy Groupbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire NUMAR Corporation via stock-for-stock merger (0.9664 shares per NUMAR share); approximately 9 million Halliburton shares to be issued. Pooling of interests; pending NUMAR shareholder approval. Headcount not disclosed.
1997-06-30acquisition_additionannounced1997-05-281997-07-31Australia / Asia-PacificEngineering and Construction GroupUSD 34 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed July 1997 (subsequent to quarter end) acquisition of Kinhill Holdings Limited, an Australian engineering firm. Headcount not disclosed.
1997-06-30restructuringin_progress1,0001996-09-012003-08-01GlobalEngineering and Construction Group; Administrative support functionsUSD 41 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Provision of $41.0 million to terminate approximately one thousand employees related to reorganization efforts and combining administrative support functions. Remaining lease charges through August 2003.
1997-03-31restructuringin_progress1,0001996-09Engineering and Construction Group; combined shared servicesUSD 41 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,000 employees targeted for termination; about 630 had left as of the May 12, 1997 filing date. Part of $65.3M total special charges recorded September 1996, which also included $20.2M for business restructuring and excess lease space ($10.0M and $7.8M charged to reserves respectively).
1997-03-31restructuringin_progress6301996-09-01Engineering and Construction Group; Administrative support functionsUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately 630 employees left the company in connection with various reorganization initiatives. Charges of $10.0 million for employee-related costs and $7.8 million for excess leases and other items were drawn from reserves established in September 1996.
1996-12-31restructuringin_progress1,0001996-09-301997-12-31GlobalEngineering and Construction Group; corporate shared servicesUSD 41 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance for ~1,000 employees from E&C reorganization and combining administrative support functions; ~200 terminated in Q4 1996 ($3.5M charged), remainder primarily in 1997. Total 1996 special charges were $85.8M including $20.2M for restructuring E&C businesses and excess lease space.
1996-12-31acquisition_additioncompleted1996-06-301996-10-04GlobalEnergy Group — Landmark Graphics Corporationbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired all outstanding common stock of Landmark Graphics for ~10.2M Halliburton shares; accounted for as pooling of interests. Headcount added not disclosed.
1996-12-31divestiture_reductioncompleted1995-12-261996-01-23United StatesInsurance Services Group (Highlands Insurance Group, Inc.)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spin-off of Highlands Insurance Group completed January 23, 1996; ~11.4M HIGI shares distributed. Headcount removed not disclosed.
1996-12-31acquisition_additionannounced1997-01-291997-06-30United Kingdom / North SeaEngineering and Construction Group — OGC International plcUSD 118 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Offered to purchase all outstanding shares of OGC International plc for ~$117.9M; ~93% tendered as of February 28, 1997; expected completion Q2 1997. Headcount not disclosed.
1996-12-31acquisition_additionannounced1997-02-11United KingdomDevonport Management Limited — Devonport Royal DockyardUSD 66 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
DML (30% owned at Dec 31, 1996) agreed to purchase Devonport Royal Dockyard for ~$66.1M; Halliburton increased DML ownership to 51%. Headcount not disclosed.
1996-12-31restructuringin_progress1,0001996-09-301997-12-31GlobalEngineering and Construction Group; General CorporateUSD 41 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Severance costs of $41.0 million for termination of approximately 1,000 employees related to reorganization of Engineering and Construction Group and combining administrative support functions. Approximately 200 terminated in Q4 1996; remaining primarily in 1997.
1996-12-31acquisition_additioncompleted1996-10-041996-10-04GlobalEnergy Groupbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Landmark Graphics Corporation completed October 4, 1996. Headcount not explicitly disclosed.
1996-09-30restructuringin_progress1,0001996-091997-06-30Engineering and Construction Services; company-wide administrative support and shared servicesUSD 41 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance provision for termination of approximately 1,000 employees; terminations primarily in Q4 1996 and first half of 1997, affecting mostly middle and senior management in business unit operations, business unit support, and G&A areas. Part of $65.3M pre-tax special charge ($42.7M after tax).
1996-09-30restructuringin_progress1996-09Engineering and Construction ServicesUSD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Non-severance component of the $65.3M special charge: restructuring certain E&C businesses, provision for excess lease space and other items. No employee count disclosed for this component.
1996-09-30acquisition_additioncompleted1996-07-011996-10-04Energy Services (from Q4 1996)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Landmark Graphics Corporation acquired via stock merger completed 1996-10-04 (after quarter end): ~10.2M shares issued plus ~1.5M shares reserved for assumed options; pooling-of-interests accounting. No employee headcount for Landmark disclosed.
1996-09-30restructuringin_progress1,0001996-09-301997-06-30GlobalEngineering and Construction Services; General Support FunctionsUSD 41 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance costs for termination of approx. 1,000 employees related to reorganization of E&C Services and combining administrative support functions. Terminations primarily in Q4 1996 and H1 1997.
1996-09-30restructuringcompleted1996-09-301996-09-30GlobalEngineering and Construction ServicesUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with restructuring certain E&C businesses, providing for excess lease space and other items. No specific headcount disclosed for this component.
1996-06-30acquisition_additionannounced1996-06-301996-12-31United StatesEnergy Servicesbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Landmark Graphics Corporation via stock-for-stock exchange (0.574 Halliburton shares per Landmark share, ~10.0 million shares issued); no employee headcount disclosed. Completion anticipated fall 1996, subject to Landmark stockholder approval and Hart-Scott-Rodino clearance.
1996-06-30divestiture_reductioncompleted1996-01-231996-01-23United StatesInsurance Services Groupother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Tax-free spin-off of Highlands Insurance Group, Inc. completed 1996-01-23 (one HIGI share per ten Halliburton shares; ~11.4 million HIGI shares issued). No employee headcount associated with the spin-off is disclosed.
1996-03-31divestiture_reductioncompleted1996-01-231996-01-23United StatesInsurance Services Group (Highlands Insurance Group, Inc.)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Tax-free spin-off of property and casualty insurance subsidiary completed January 23, 1996; no employee count disclosed for the divested workforce.
1995-12-31divestiture_reductioncompleted1995-10-111996-01-23United StatesInsurance Services Groupdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spin-off of Highlands Insurance Group, Inc. completed January 23, 1996; headcount removed not disclosed
1995-12-31divestiture_reductioncompleted1994-11-30United States and CanadaEnergy Services — natural gas compression businessother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Natural gas compression business sold November 1994 (prior year); headcount removed not disclosed
1995-12-31divestiture_reductioncompleted1994-01-31GlobalEnergy Services — geophysical services and products businessother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Geophysical business sold January 1994 (prior year); headcount removed not disclosed
1995-12-31restructuringcompleted2,7001994WorldwideEnergy ServicesUSD 43 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Termination of about 2,700 employees in 1994, mostly middle and senior management and support staff. Charge recognized in 1994.
1995-09-30restructuringcompleted1995-09-301995-09-30GlobalInsurance Services (Discontinued Operations)USD 67 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Company recognized estimated expenses related to spin-off transaction, additional compensation costs, and regulatory/legal provisions for discontinuing insurance services. Employee count not disclosed.
1995-09-30othercompleted1995-09-301995-09-30GlobalInsurance Services (Discontinued Operations)USD 76 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Additional claim loss reserves for environmental and asbestos exposure. Employee count not disclosed.