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NOV > SEC Filings for NOV > Form 8-K on 14-Aug-2014All Recent SEC Filings

Show all filings for NATIONAL OILWELL VARCO INC

Form 8-K for NATIONAL OILWELL VARCO INC


14-Aug-2014

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events

On May 30, 2014, National Oilwell Varco, Inc. ("NOV" or the "Company") completed the previously announced spin-off of its distribution business into an independent public company named NOW Inc. In conjunction with the spin-off of NOW Inc. the Company reviewed its reporting and management structure, and effective April 1, 2014, reorganized its Rig Technology, Petroleum Services & Supplies and remaining operations of Distribution & Transmission reporting segments into four new reporting segments. The new reporting segments are Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions.

In exhibit 99.1 to this Current Report on Form 8-K, NOV has revised the applicable sections within the following information as included in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 to reflect the spin-off of NOW Inc. as discontinued operations as well as recast information to reflect the new reporting segments: Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations. Except for information related to the spin-off and the new reporting segments, NOV has not made any revisions to its 2013 Form 10-K to update for other developments that have occurred since NOV filed its 2013 Form 10-K on February 14, 2014. This Current Report on Form 8-K should be read in conjunction with NOV's 2013 Form 10-K, First Quarter 2014 Form 10-Q, Second Quarter 2014 Form 10-Q and other filings with the SEC. These filings contain important information regarding developments affecting NOV.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibit is provided as part of the information furnished under Items 2.02 and 9.01 of this Current Report on Form 8-K:

99.1    Financial Statements and Management's Discussion and Analysis of Financial
        Condition and Results of Operations, revised to reflect the spin-off of
        NOW Inc. as discontinued operations as well as recast information to
        reflect the new reporting segments.

101     The following materials from our Current Report on Form 8-K, filed August
        14, 2014, formatted in eXtensible Business Reporting Language (XBRL): (i)
        Consolidated Balance Sheets, (ii) Consolidated Statements of Income, (iii)
        Consolidated Statements of Cash Flows, (iv) Consolidated Statements of
        Comprehensive Income, and (v) Notes to the Consolidated Financial
        Statements, tagged as block text.


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