Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name Halliburton Company
CIK 0000045012
Accession number 0000045012-14-000069
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/45012/000004501214000069/hal-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Valuation allowance placement difference.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The primary components of our deferred tax assets and liabilities were as follows:
 
December 31
Millions of dollars
2013
2012
Gross deferred tax assets:
 
 
Net operating loss carryforwards
$
481

$
474

Accrued liabilities
600

329

Employee compensation and benefits
351

375

Other
162

160

Total gross deferred tax assets
1,594

1,338

Gross deferred tax liabilities:
 
 
Depreciation and amortization
1,185

859

Other
81

137

Total gross deferred tax liabilities
1,266

996

Valuation allowances – net operating loss carryforwards
374

395

Net deferred income tax asset (liability)
$
(46
)
$
(53
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,594,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 0
Deferred tax liabilities -1,266,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -46,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 1,220,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 388,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -46,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -434,000,000

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 0 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -1,266,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -46,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 1,220,000,000

*

*

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