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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Schedule of Fair Value of Consideration Transferred to Effect Acquisition | The fair value of the consideration transferred to effect the acquisition of Cameron was as follows:
(stated in millions, except exchange ratio and per share amounts) |
Equity consideration: |  |  |  |  |  |  |
Number of shares of Cameron stock outstanding |  | 192 |  |  |  |
Exchange ratio |  | 0.716 |  |  |  |
Schlumberger shares of common stock issued |  |  | 138 |  |  |  |
Schlumberger closing stock share price on April 1, 2016 |  | $ | 72.12 |  |  |  |
Equity consideration |  |  |  |  | $ | 9,924 |
Cash consideration: |  |  |  |  |  |  |
Number of shares of Cameron stock outstanding |  | 192 |  |  |  |
Cash consideration per Cameron share |  | $ | 14.44 |  |  |  |
Cash consideration |  |  |  |  |  | 2,776 |
Other: |  |  |  |  |  |  |
Fair value of replacement equity awards |  |  |  |  | 103 |
Total fair value of the consideration transferred |  |  |  |  | $ | 12,803 |
Schedule of Fair Values of Identifiable Assets Acquired and Liabilities Assumed | The following amounts represent the fair value of assets acquired and liabilities assumed in the merger.
(Stated in millions) |
Cash | $ | 785 |
Short-term investments |  | 1,448 |
Accounts receivable |  | 1,669 |
Inventories (1) |  | 2,350 |
Fixed assets |  | 1,320 |
Intangible assets: |  |  |
Customer relationships (weighted-average life of 25 years) |  | 2,371 |
Technology/Technical know-how (weighted-average life of 16 years) |  | 1,736 |
Tradenames (weighted-average life of 25 years) |  | 1,225 |
Other assets |  | 511 |
Accounts payable and accrued liabilities |  | (2,604 | )
Long-term debt (2) |  | (3,018 | )
Deferred taxes (3) |  | (1,343 | )
Other liabilities |  | (538 | )
Sub-total | $ | 5,912 |
Less: |  |  |
Investment in OneSubsea (4) |  | (2,065 | )
Noncontrolling interests |  | (57 | )
Total identifiable net assets | $ | 3,790 |
Goodwill (5) |  | 9,013 |
Total consideration transferred | $ | 12,803 |
(1) Schlumberger recorded an adjustment of $299 million to write-up the acquired inventory to its estimated fair value. Schlumberger’s 2016 Cost of sales reflected this increased valuation. (2) In connection with the merger, Schlumberger assumed all of the debt obligations of Cameron, including its $2.75 billion of fixed rate notes. Schlumberger recorded a $244 million adjustment to increase the carrying amount of these notes to their estimated fair value. This adjustment is being amortized as a reduction of interest expense over the remaining term of the respective obligations. (3) In connection with the acquisition accounting, Schlumberger provided deferred taxes related to, among other items, the estimated fair value adjustments for acquired inventory, intangible assets and assumed debt obligations. (4) Prior to the completion of the merger, Cameron and Schlumberger operated OneSubsea, a joint venture that manufactured and developed products, systems and services for the subsea oil and gas market, which was 40% owned by Schlumberger and 60% owned by Cameron. OneSubsea is now owned 100% by Schlumberger. As a result of obtaining control of this joint venture, Schlumberger was required to remeasure its previously held equity interest in the joint venture to its acquisition-date fair value. Schlumberger determined that the estimated fair value of its previously held equity interest approximated its carrying value. Accordingly, Schlumberger did not recognize any gain or loss on this transaction. (5) The goodwill recognized is primarily attributable to expected synergies that will result from combining the operations of Schlumberger and Cameron, as well as intangible assets which do not qualify for separate recognition. The amount of goodwill that is deductible for income tax purposes is not significant.
Schedule of Supplemental Pro Forma Financial Information from Results of Operations | The supplemental pro forma financial information presented below is unaudited and does not include any anticipated cost savings or the expected realization of other synergies associated with this transaction. Accordingly, this supplemental pro forma financial information is presented for informational purposes only and is not necessarily indicative of what the actual results of operations of the combined company would have been had the acquisition occurred on January 1, 2015, nor is it indicative of future results of operations.
| (Stated in millions, except per share amounts) |
| 2016 |
Revenue | $ | 29,438 |
Net income (loss) attributable to Schlumberger | $ | (1,419 | )
Diluted earnings (loss) per share | $ | (1.02 | )

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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