2021 Q4 Form 10-K Financial Statement

#000004501222000013 Filed on February 04, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $4.277B $15.30B $3.237B
YoY Change 32.13% 5.88% -37.64%
Cost Of Revenue $3.668B $13.28B $2.843B
YoY Change 29.02% 2.94% -38.01%
Gross Profit $609.0M $2.016B $394.0M
YoY Change 54.57% 30.49% -34.88%
Gross Profit Margin 14.24% 13.18% 12.17%
Selling, General & Admin $59.00M $204.0M $44.00M
YoY Change 34.09% 12.09% -25.42%
% of Gross Profit 9.69% 10.12% 11.17%
Research & Development $321.0M
YoY Change 3.88%
% of Gross Profit 15.92%
Depreciation & Amortization $231.0M $904.0M $229.0M
YoY Change 0.87% -14.56% -38.44%
% of Gross Profit 37.93% 44.84% 58.12%
Operating Expenses $59.00M $321.0M $44.00M
YoY Change 34.09% 3.88% -25.42%
Operating Profit $550.0M $1.800B $350.0M
YoY Change 57.14% -173.89% -35.9%
Interest Expense -$108.0M -$469.0M -$125.0M
YoY Change -13.6% -7.13% -11.35%
% of Operating Profit -19.64% -26.06% -35.71%
Other Income/Expense, Net -$24.00M -$79.00M -$19.00M
YoY Change 26.32% -28.83% -56.82%
Pretax Income $418.0M $1.300B -$240.0M
YoY Change -274.17% -140.37% -86.94%
Income Tax -$409.0M -$216.0M -$13.00M
% Of Pretax Income -97.85% -16.62%
Net Earnings $824.0M $1.457B -$235.0M
YoY Change -450.64% -149.47% -85.78%
Net Earnings / Revenue 19.27% 9.53% -7.26%
Basic Earnings Per Share
Diluted Earnings Per Share $920.7K $1.633M -$264.9K
COMMON SHARES
Basic Shares Outstanding 895.1M shares 892.0M shares 884.0M shares
Diluted Shares Outstanding 892.0M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.044B $3.044B $2.563B
YoY Change 18.77% 18.77% 13.01%
Cash & Equivalents $3.044B $3.044B $2.563B
Short-Term Investments
Other Short-Term Assets $872.0M $872.0M $1.492B
YoY Change -41.55% -41.55% 42.37%
Inventory $2.361B $2.361B $2.349B
Prepaid Expenses
Receivables $3.666B $3.666B $3.071B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.943B $9.943B $9.475B
YoY Change 4.94% 4.94% -15.49%
LONG-TERM ASSETS
Property, Plant & Equipment $4.326B $5.345B $4.325B
YoY Change 0.02% 2.32% -40.83%
Goodwill $2.843B $2.804B
YoY Change 1.39% -0.28%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.580B $4.190B $1.124B
YoY Change 40.57% 31.89% -21.34%
Total Long-Term Assets $12.38B $12.38B $11.21B
YoY Change 10.47% 10.47% -20.9%
TOTAL ASSETS
Total Short-Term Assets $9.943B $9.943B $9.475B
Total Long-Term Assets $12.38B $12.38B $11.21B
Total Assets $22.32B $22.32B $20.68B
YoY Change 7.94% 7.94% -18.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.353B $2.353B $1.573B
YoY Change 49.59% 49.59% -35.32%
Accrued Expenses $1.025B $1.025B $1.060B
YoY Change -3.3% -3.3% -5.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000M $33.00M $695.0M
YoY Change -98.99% -95.41% 6218.18%
Total Short-Term Liabilities $4.306B $4.306B $4.421B
YoY Change -2.6% -2.6% -9.37%
LONG-TERM LIABILITIES
Long-Term Debt $9.127B $9.212B $9.132B
YoY Change -0.05% -0.41% -11.48%
Other Long-Term Liabilities $823.0M $2.075B $824.0M
YoY Change -0.12% 2.42% 1.98%
Total Long-Term Liabilities $9.950B $11.29B $9.956B
YoY Change -0.06% 0.1% -10.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.306B $4.306B $4.421B
Total Long-Term Liabilities $9.950B $11.29B $9.956B
Total Liabilities $15.59B $15.61B $15.70B
YoY Change -0.66% -0.62% -9.54%
SHAREHOLDERS EQUITY
Retained Earnings $9.710B $8.691B
YoY Change 11.72% -27.51%
Common Stock $2.697B $2.666B
YoY Change 1.16% -5.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.511B $6.021B
YoY Change -8.47% -6.32%
Treasury Stock Shares 170.0M shares 181.0M shares
Shareholders Equity $6.713B $6.713B $4.974B
YoY Change
Total Liabilities & Shareholders Equity $22.32B $22.32B $20.68B
YoY Change 7.94% 7.94% -18.51%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $824.0M $1.457B -$235.0M
YoY Change -450.64% -149.47% -85.78%
Depreciation, Depletion And Amortization $231.0M $904.0M $229.0M
YoY Change 0.87% -14.56% -38.44%
Cash From Operating Activities $682.0M $1.911B $638.0M
YoY Change 6.9% 1.59% -45.33%
INVESTING ACTIVITIES
Capital Expenditures -$316.0M -$799.0M -$218.0M
YoY Change 44.95% 9.75% -35.88%
Acquisitions
YoY Change
Other Investing Activities $90.00M $79.00M $76.00M
YoY Change 18.42% 79.55% 204.0%
Cash From Investing Activities -$226.0M -$534.0M -$142.0M
YoY Change 59.15% 9.88% -54.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $700.0M
YoY Change -57.68%
Cash From Financing Activities -28.00M -$838.0M -35.00M
YoY Change -20.0% -16.78% -75.86%
NET CHANGE
Cash From Operating Activities 682.0M $1.911B 638.0M
Cash From Investing Activities -226.0M -$534.0M -142.0M
Cash From Financing Activities -28.00M -$838.0M -35.00M
Net Change In Cash 428.0M $481.0M 461.0M
YoY Change -7.16% 63.05% -34.79%
FREE CASH FLOW
Cash From Operating Activities $682.0M $1.911B $638.0M
Capital Expenditures -$316.0M -$799.0M -$218.0M
Free Cash Flow $998.0M $2.710B $856.0M
YoY Change 16.59% 3.87% -43.2%

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CY2020Q4 us-gaap Liabilities
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2.50
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2000000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
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2000000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Common Stock Value
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32000000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
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9710000000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q4 us-gaap Treasury Stock Shares
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CY2020Q4 us-gaap Treasury Stock Shares
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CY2021Q4 us-gaap Treasury Stock Value
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CY2020Q4 us-gaap Treasury Stock Value
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CY2021Q4 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Minority Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Liabilities And Stockholders Equity
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CY2019 us-gaap Profit Loss
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Restructuring Charges
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CY2019 us-gaap Restructuring Charges
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CY2019 us-gaap Payments For Restructuring
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CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Inventories
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10000000 USD
CY2020 us-gaap Increase Decrease In Inventories
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CY2019 us-gaap Increase Decrease In Inventories
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225000000 USD
CY2020 us-gaap Other Noncash Income Expense
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40000000 USD
CY2019 us-gaap Other Noncash Income Expense
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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2445000000 USD
CY2021 us-gaap Payments To Acquire Productive Assets
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799000000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
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728000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1530000000 USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
190000000 USD
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2020 us-gaap Payments For Proceeds From Other Investing Activities
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Repayments Of Long Term Debt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2019 us-gaap Repayments Of Long Term Debt
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13000000 USD
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161000000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
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278000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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630000000 USD
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79000000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
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87000000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
118000000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
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100000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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100000000 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-56000000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-70000000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-838000000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1007000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-695000000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-58000000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-93000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-45000000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
481000000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
295000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
260000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2008000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3044000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2563000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2268000000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
517000000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2019 us-gaap Interest Paid Net
InterestPaidNet
534000000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
214000000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
300000000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
363000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9544000000 USD
CY2019 us-gaap Profit Loss
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OtherComprehensiveIncomeLossNetOfTax
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CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.72
CY2019 us-gaap Dividends
Dividends
630000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
348000000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
100000000 USD
CY2019 us-gaap Stockholders Equity Other
StockholdersEquityOther
0 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8025000000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
-2942000000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.315
CY2020 us-gaap Dividends
Dividends
278000000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
285000000 USD
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
100000000 USD
CY2020 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4983000000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
1468000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
179000000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2021 us-gaap Dividends
Dividends
161000000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
264000000 USD
CY2021 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6728000000 USD
CY2021Q4 hal Number Of Business Segments
NumberOfBusinessSegments
2 Division
CY2021Q4 hal Number Of Business Segments
NumberOfBusinessSegments
2 Division
CY2021 us-gaap Use Of Estimates
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<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:3pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our financial statements are prepared in conformity with United States generally accepted accounting principles, requiring us to make estimates and assumptions that affect:</span></div><div style="padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">-    the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements; and</span></div><div style="margin-bottom:3pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">-    the reported amounts of revenue and expenses during the reporting period.</span></div><div style="padding-left:54pt;text-indent:-18pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe the most significant estimates and assumptions are associated with the forecasting of our income tax (provision) benefit and the valuation of deferred taxes, legal reserves, long-lived asset valuations, and allowance for credit losses. Ultimate results could differ from our estimates.</span></div>
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
309000000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
404000000 USD
CY2021 hal Cash Equivalents Maximum Maturity
CashEquivalentsMaximumMaturity
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CY2019Q4 us-gaap Goodwill
Goodwill
2812000000 USD
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GoodwillOtherIncreaseDecrease
-8000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
2804000000 USD
CY2021 us-gaap Goodwill Acquired During Period
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12000000 USD
CY2021 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
27000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
2843000000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
36000000 USD
CY2020 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
0 USD
CY2019 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
0 USD
CY2021 us-gaap Severance Costs1
SeveranceCosts1
15000000 USD
CY2020 us-gaap Severance Costs1
SeveranceCosts1
384000000 USD
CY2019 us-gaap Severance Costs1
SeveranceCosts1
172000000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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CY2021 us-gaap Inventory Write Down
InventoryWriteDown
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CY2020 us-gaap Inventory Write Down
InventoryWriteDown
505000000 USD
CY2019 us-gaap Inventory Write Down
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458000000 USD
CY2021 hal Impairmentof Joint Ventures
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0 USD
CY2020 hal Impairmentof Joint Ventures
ImpairmentofJointVentures
0 USD
CY2019 hal Impairmentof Joint Ventures
ImpairmentofJointVentures
154000000 USD
CY2021 us-gaap Other Restructuring Costs
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CY2020 us-gaap Other Restructuring Costs
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281000000 USD
CY2019 us-gaap Other Restructuring Costs
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119000000 USD
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RestructuringSettlementAndImpairmentProvisions
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CY2020 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3799000000 USD
CY2019 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2506000000 USD
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
12000000 USD
CY2021 us-gaap Restructuring Reserve Accelerated Depreciation
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36000000 USD
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2600000000 USD
CY2020 hal Impairmentofhydraulicfracturingequipment
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1000000000 USD
CY2020 hal Impairment Of Drilling Services Equipment
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CY2020 us-gaap Operating Lease Impairment Loss
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191000000 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
131000000 USD
CY2020 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
394000000 USD
CY2020 hal Impairment Of Real Estate Properties
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616000000 USD
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1600000000 USD
CY2019 hal Impairmentofhydraulicfracturingequipment
Impairmentofhydraulicfracturingequipment
759000000 USD
CY2019 hal Impairmentoflegacydrillingequipment
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243000000 USD
CY2019 us-gaap Impairment Of Real Estate
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215000000 USD
CY2019 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
139000000 USD
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
98000000 USD
CY2019 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
148000000 USD
CY2021Q4 hal Number Of Business Segments
NumberOfBusinessSegments
2 Division
CY2021Q4 hal Number Of Business Segments
NumberOfBusinessSegments
2 Division
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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15295000000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
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14445000000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021 us-gaap Restructuring Settlement And Impairment Provisions
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CY2020 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3799000000 USD
CY2019 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2506000000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
1800000000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-2436000000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-448000000 USD
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-469000000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-505000000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-569000000 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-79000000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-111000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-105000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1252000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3220000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1122000000 USD
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
799000000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
728000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1530000000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
904000000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1058000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1625000000 USD
CY2021Q4 us-gaap Assets
Assets
22321000000 USD
CY2020Q4 us-gaap Assets
Assets
20680000000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15295000000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14445000000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
22408000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4326000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4325000000 USD
CY2021Q4 hal Number Of Business Segments
NumberOfBusinessSegments
2 Division
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15295000000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14445000000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
22408000000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15295000000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14445000000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
22408000000 USD
CY2021 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
one year
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
824000000 USD
CY2021 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
-19000000 USD
CY2020Q4 hal Number Of Customers Exceed Receivables Threshold
NumberOfCustomersExceedReceivablesThreshold
0 Customers
CY2021Q4 hal Number Of Customers Exceed Receivables Threshold
NumberOfCustomersExceedReceivablesThreshold
0 Customers
CY2021Q4 hal Maximum Percentage Gross Trade Receivables From One Customer
MaximumPercentageGrossTradeReceivablesFromOneCustomer
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CY2020Q4 hal Maximum Percentage Gross Trade Receivables From One Customer
MaximumPercentageGrossTradeReceivablesFromOneCustomer
0.10
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
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738000000 USD
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CY2019 us-gaap Valuation Allowances And Reserves Deductions
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CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
776000000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
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776000000 USD
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58000000 USD
CY2020 us-gaap Valuation Allowances And Reserves Deductions
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CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
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824000000 USD
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CY2021 us-gaap Valuation Allowances And Reserves Deductions
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CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
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754000000 USD
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P10Y
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20000000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
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19000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
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19000000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
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38000000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
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32000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
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51000000 USD
CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
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CY2019 us-gaap Operating Lease Cost
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CY2020 us-gaap Short Term Lease Cost
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CY2019 us-gaap Short Term Lease Cost
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110000000 USD
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CY2020 us-gaap Sublease Income
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CY2019 us-gaap Sublease Income
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CY2021 us-gaap Lease Cost
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CY2020 us-gaap Lease Cost
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CY2019 us-gaap Lease Cost
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530000000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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934000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q4 us-gaap Operating Lease Liability Current
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240000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
251000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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758000000 USD
CY2020 us-gaap Operating Lease Impairment Loss
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CY2021 us-gaap Operating Lease Payments
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CY2020 us-gaap Operating Lease Payments
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299000000 USD
CY2019 us-gaap Operating Lease Payments
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CY2021 us-gaap Finance Lease Interest Payment On Liability
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38000000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
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32000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
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51000000 USD
CY2021 us-gaap Finance Lease Principal Payments
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24000000 USD
CY2020 us-gaap Finance Lease Principal Payments
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21000000 USD
CY2019 us-gaap Finance Lease Principal Payments
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24000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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433000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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39000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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74000000 USD
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P9Y9M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y6M
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P5Y4M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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288000000 USD
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FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
63000000 USD
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CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
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61000000 USD
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CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
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105000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
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36000000 USD
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91000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
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34000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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624000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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15000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q4 us-gaap Finance Lease Liability Payments Due
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256000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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357000000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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145000000 USD
CY2021Q4 us-gaap Operating Lease Liability
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1085000000 USD
CY2021Q4 us-gaap Finance Lease Liability
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111000000 USD
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1380000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
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1330000000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
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890000000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
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952000000 USD
CY2021Q4 us-gaap Inventory Work In Process
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91000000 USD
CY2020Q4 us-gaap Inventory Work In Process
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67000000 USD
CY2021Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Inventory Net
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2349000000 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
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114000000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
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150000000 USD
CY2020 us-gaap Inventory Write Down
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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11039000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Net
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4325000000 USD
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2300000000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
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270000000 USD
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CY2021Q4 us-gaap Debt Instrument Unamortized Discount
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CY2020Q4 us-gaap Debt Instrument Unamortized Discount
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82000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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9138000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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9827000000 USD
CY2021Q4 us-gaap Debt Current
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CY2020Q4 us-gaap Debt Current
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Debt Instrument Call Feature
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CY2021Q4 us-gaap Line Of Credit
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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1000000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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47000000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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969000000 USD
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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395000000 USD
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1252000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
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-0.445
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.009
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.107
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.025
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.013
CY2020 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.130
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.024
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Income Tax Expense Benefit
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1300000000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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924000000 USD
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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736000000 USD
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248000000 USD
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885000000 USD
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292000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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263000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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203000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
196000000 USD
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166000000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
237000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
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CY2020Q4 us-gaap Deferred Tax Assets Other
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469000000 USD
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3819000000 USD
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3801000000 USD
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160000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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86000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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131000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
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9000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
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155000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
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300000000 USD
CY2020Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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1394000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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2634000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2159000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
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795000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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59000000 USD
CY2021Q4 hal Deferred Tax Assets Estimated Tax Credit Carryforwards Foreign
DeferredTaxAssetsEstimatedTaxCreditCarryforwardsForeign
1200000000 USD
CY2021Q4 hal Deferred Tax Assets Operating Loss Carryforwards Domestic Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsDomesticNotSubjectToExpiration
9000000 USD
CY2021Q4 hal Deferred Tax Assets Operating Loss Carryforwards Foreign Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsForeignNotSubjectToExpiration
410000000 USD
CY2021Q4 hal Deferred Tax Assets Tax Credit Carryforwards Foreign Not Subject To Expiration
DeferredTaxAssetsTaxCreditCarryforwardsForeignNotSubjectToExpiration
0 USD
CY2021Q4 hal Deferred Tax Assets Tax Credit Carryforwards Research Not Subject To Expiration
DeferredTaxAssetsTaxCreditCarryforwardsResearchNotSubjectToExpiration
0 USD
CY2021Q4 hal Deferred Tax Assets Operating Loss Carryforwards And Tax Credit Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwardsNotSubjectToExpiration
419000000 USD
CY2021Q4 hal Deferred Tax Assets Estimated Operating Loss Carryforwards Domestic
DeferredTaxAssetsEstimatedOperatingLossCarryforwardsDomestic
71000000 USD
CY2021Q4 hal Deferred Tax Assets Estimated Operating Loss Carryforwards Foreign
DeferredTaxAssetsEstimatedOperatingLossCarryforwardsForeign
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KPMG LLP
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Houston, TX
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185

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