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Segment Information | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Information | 17. Segment Information Schlumberger’s segments are as follows:
| • | Reservoir Characterization – Consists of the principal Technologies involved in finding and defining hydrocarbon resources. These include WesternGeco, Wireline, Testing Services, OneSurface, Software Integrated Solutions and Integrated Services Management.
| • | Drilling – Consists of the principal Technologies involved in the drilling and positioning of oil and gas wells. These include Bits & Drilling Tools, M-I SWACO, Drilling & Measurements, Land Rigs and Integrated Drilling Services.
| • | Production – Consists of the principal Technologies involved in the lifetime production of oil and gas reservoirs. These include Well Services, OneStim, Completions, Artificial Lift and Schlumberger Production Management.
| • | Cameron – Consists of the principal Technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. These include OneSubsea, Surface Systems, Drilling Systems and Valves & Measurements.
Financial information for the years ended December 31, 2018, 2017 and 2016, by segment, is as follows:
|  |  |  |  | (Stated in millions) |
| 2018 |
|  |  |  |  |  |  |  |  |  |  |  |  | Depreciation |  |  |  |  |
|  |  |  |  | Income |  |  |  |  |  |  | and |  |  | Capital |
| Revenue |  |  | Before Taxes |  |  | Assets |  |  | Amortization |  |  | Expenditures |
Reservoir Characterization | $ | 6,526 |  |  | $ | 1,392 |  |  | $ | 4,477 |  |  | $ | 673 |  |  | $ | 302 |
Drilling |  | 9,250 |  |  |  | 1,239 |  |  |  | 5,843 |  |  |  | 597 |  |  |  | 718 |
Production |  | 12,394 |  |  |  | 1,052 |  |  |  | 12,625 |  |  |  | 1,417 |  |  |  | 886 |
Cameron |  | 5,167 |  |  |  | 608 |  |  |  | 3,967 |  |  |  | 241 |  |  |  | 146 |
Eliminations & other |  | (522 | ) |  |  | (104 | ) |  |  | 1,460 |  |  |  | 189 |  |  |  | 108 |
Pretax operating income |  |  |  |  |  | 4,187 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and intangible assets |  |  |  |  |  |  |  |  |  | 33,658 |  |  |  |  |  |  |  |  |
Cash and short term investments |  |  |  |  |  |  |  |  |  | 2,777 |  |  |  |  |  |  |  |  |
All other assets |  |  |  |  |  |  |  |  |  | 5,700 |  |  |  |  |  |  |  |  |
Corporate & other (1) |  |  |  |  |  | (937 | ) |  |  |  |  |  |  | 439 |  |  |  |  |
Interest income (2) |  |  |  |  |  | 52 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense (3) |  |  |  |  |  | (537 | ) |  |  |  |  |  |  |  |  |  |  |  |
Charges & credits (4) |  |  |  |  |  | (141 | ) |  |  |  |  |  |  |  |  |  |  |  |
| $ | 32,815 |  |  | $ | 2,624 |  |  | $ | 70,507 |  |  | $ | 3,556 |  |  | $ | 2,160 |
|  |  |  |  | (Stated in millions) |
| 2017 |
|  |  |  |  |  |  |  |  |  |  |  |  | Depreciation |  |  |  |  |
|  |  |  |  | Income |  |  |  |  |  |  | and |  |  | Capital |
| Revenue |  |  | Before Taxes |  |  | Assets |  |  | Amortization |  |  | Expenditures |
Reservoir Characterization | $ | 6,795 |  |  | $ | 1,244 |  |  | $ | 4,892 |  |  | $ | 989 |  |  | $ | 305 |
Drilling |  | 8,392 |  |  |  | 1,151 |  |  |  | 5,513 |  |  |  | 697 |  |  |  | 629 |
Production |  | 10,630 |  |  |  | 936 |  |  |  | 12,450 |  |  |  | 1,240 |  |  |  | 889 |
Cameron |  | 5,205 |  |  |  | 733 |  |  |  | 3,978 |  |  |  | 260 |  |  |  | 150 |
Eliminations & other |  | (582 | ) |  |  | (143 | ) |  |  | 1,665 |  |  |  | 213 |  |  |  | 134 |
Pretax operating income |  |  |  |  |  | 3,921 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and intangible assets |  |  |  |  |  |  |  |  |  | 34,472 |  |  |  |  |  |  |  |  |
Cash and short term investments |  |  |  |  |  |  |  |  |  | 5,089 |  |  |  |  |  |  |  |  |
All other assets |  |  |  |  |  |  |  |  |  | 3,928 |  |  |  |  |  |  |  |  |
Corporate & other (1) |  |  |  |  |  | (934 | ) |  |  |  |  |  |  | 438 |  |  |  |  |
Interest income (2) |  |  |  |  |  | 107 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense (3) |  |  |  |  |  | (513 | ) |  |  |  |  |  |  |  |  |  |  |  |
Charges & credits (4) |  |  |  |  |  | (3,764 | ) |  |  |  |  |  |  |  |  |  |  |  |
| $ | 30,440 |  |  | $ | (1,183 | ) |  | $ | 71,987 |  |  | $ | 3,837 |  |  | $ | 2,107 |
|  |  |  |  | (Stated in millions) |
| 2016 |
|  |  |  |  |  |  |  |  |  |  |  |  | Depreciation |  |  |  |  |
|  |  |  |  | Income |  |  |  |  |  |  | and |  |  | Capital |
| Revenue |  |  | Before Taxes |  |  | Assets |  |  | Amortization |  |  | Expenditures |
Reservoir Characterization | $ | 6,660 |  |  | $ | 1,244 |  |  | $ | 6,890 |  |  | $ | 1,156 |  |  | $ | 532 |
Drilling |  | 8,561 |  |  |  | 994 |  |  |  | 6,803 |  |  |  | 881 |  |  |  | 425 |
Production |  | 8,792 |  |  |  | 512 |  |  |  | 10,497 |  |  |  | 1,231 |  |  |  | 655 |
Cameron |  | 4,211 |  |  |  | 653 |  |  |  | 4,246 |  |  |  | 208 |  |  |  | 176 |
Eliminations & other |  | (414 | ) |  |  | (130 | ) |  |  | 1,528 |  |  |  | 234 |  |  |  | 267 |
Pretax operating income |  |  |  |  |  | 3,273 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and intangible assets |  |  |  |  |  |  |  |  |  | 34,845 |  |  |  |  |  |  |  |  |
Cash, short term investments and fixed income investments |  |  |  |  |  |  |  |  |  | 9,495 |  |  |  |  |  |  |  |  |
All other assets |  |  |  |  |  |  |  |  |  | 3,652 |  |  |  |  |  |  |  |  |
Corporate & other (1) |  |  |  |  |  | (925 | ) |  |  |  |  |  |  | 384 |  |  |  |  |
Interest income (2) |  |  |  |  |  | 84 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense (3) |  |  |  |  |  | (517 | ) |  |  |  |  |  |  |  |  |  |  |  |
Charges & credits (4) |  |  |  |  |  | (3,820 | ) |  |  |  |  |  |  |  |  |  |  |  |
| $ | 27,810 |  |  | $ | (1,905 | ) |  | $ | 77,956 |  |  | $ | 4,094 |  |  | $ | 2,055 |
(1) | Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets (including intangible asset amortization expense resulting from the 2016 acquisition of Cameron), certain centrally managed initiatives and other nonoperating items.
(2) | Interest income excludes amounts which are included in the segments’ income (2018: $8 million; 2017: $21 million; 2016: $26 million).
(3) | Interest expense excludes amounts which are included in the segments’ income (2018: $38 million; 2017: $53 million; 2016: $53 million).
(4) | See Note 3 – Charges and Credits.
Segment assets consist of receivables, inventories, fixed assets, multiclient seismic data and SPM investments. Depreciation and amortization includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments. Revenue by geographic area for the years ended December 31, 2018, 2017 and 2016 is as follows:
(Stated in millions) |
| 2018 |  |  | 2017 |  |  | 2016 |
North America | $ | 11,984 |  |  | $ | 9,487 |  |  | $ | 6,665 |
Latin America |  | 3,745 |  |  |  | 3,976 |  |  |  | 4,230 |
Europe/CIS/Africa |  | 7,158 |  |  |  | 7,072 |  |  |  | 7,373 |
Middle East & Asia |  | 9,543 |  |  |  | 9,394 |  |  |  | 9,264 |
Eliminations & other |  | 385 |  |  |  | 511 |  |  |  | 278 |
| $ | 32,815 |  |  | $ | 30,440 |  |  | $ | 27,810 |
Revenue is based on the location where services are provided and products are sold. During each of the three years ended December 31, 2018, 2017 and 2016, no single customer exceeded 10% of consolidated revenue. Schlumberger did not have revenue from third-party customers in its country of domicile during the last three years. Revenue in the United States in 2018, 2017 and 2016 was $10.1 billion, $8.1 billion and $5.4 billion, respectively. North America and International revenue disaggregated by segment was as follows:
(Stated in millions) |
| 2018 |
| North America |  |  | International |  |  | Eliminations & other |  |  | Total |
Reservoir Characterization | $ | 992 |  |  | $ | 5,067 |  |  | $ | 467 |  |  | $ | 6,526 |
Drilling |  | 2,332 |  |  |  | 6,684 |  |  |  | 234 |  |  |  | 9,250 |
Production |  | 6,312 |  |  |  | 6,077 |  |  |  | 5 |  |  |  | 12,394 |
Cameron |  | 2,316 |  |  |  | 2,771 |  |  |  | 80 |  |  |  | 5,167 |
Other |  | 32 |  |  |  | (153 | ) |  |  | (401 | ) |  |  | (522 | )
| $ | 11,984 |  |  | $ | 20,446 |  |  | $ | 385 |  |  | $ | 32,815 |
Fixed Assets less accumulated depreciation by geographic area are as follows:
(Stated in millions) |
| 2018 |  |  | 2017 |
North America | $ | 5,715 |  |  | $ | 5,121 |
Latin America |  | 898 |  |  |  | 1,042 |
Europe/CIS/Africa |  | 2,364 |  |  |  | 2,545 |
Middle East & Asia |  | 2,604 |  |  |  | 2,762 |
Unallocated |  | 98 |  |  |  | 106 |
| $ | 11,679 |  |  | $ | 11,576 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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