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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income (Loss) Before Taxes

Income (loss) before taxes subject to United States and non-United States income taxes was as follows:

(Stated in millions)
	2018				2017				2016
United States	$	(55	)		$	(841	)		$	(3,103	)
Outside United States		2,679				(342	)			1,198
	$	2,624			$	(1,183	)		$	(1,905	)

Components of Net Deferred Tax Assets (Liabilities)

The components of net deferred tax assets (liabilities) were as follows:

(Stated in millions)
	2018				2017
Postretirement benefits	$	122			$	135
Intangible assets		(2,110	)			(2,186	)
Investments in non-US subsidiaries		(223	)			(224	)
Fixed assets, net		(140	)			(55	)
Inventories		111				126
Foreign tax credits		343				118
Other, net		456				436
	$	(1,441	)		$	(1,650	)

Components of Tax Expense (Benefit)

The components of Tax expense (benefit) were as follows:

(Stated in millions)
	2018				2017				2016
Current:
United States-Federal	$	124			$	(170	)		$	(511	)
United States-State		(50	)			57				(36	)
Outside United States		618				703				648
		692				590				101
Deferred:
United States-Federal	$	(143	)		$	(225	)		$	(352	)
United States-State		(4	)			4				(13	)
Outside United States		(69	)			(47	)			(51	)
Valuation allowance		(29	)			8				37
		(245	)			(260	)			(379	)
	$	447			$	330			$	(278	)

Reconciliation of US Statutory Federal Tax Rate

A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows:

	2018				2017				2016
US federal statutory rate		21	%			35	%			35	%
State tax		(2	)			-				2
Non-US income taxed at different rates		(2	)			(24	)			(21	)
Charges and credits (See Note 3)		-				(40	)			(1	)
Enactment of US tax reform (See Note 3)		-				(6	)			-
Other		-				7				-
		17	%			(28	)%			15	%

Reconciliation of Liabilities Associated with Uncertain Tax Provisions

A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions for the years ended December 31, 2018, 2017 and 2016 is as follows:

(Stated in millions)
	2018				2017				2016
Balance at beginning of year	$	1,393			$	1,419			$	1,285
Additions based on tax positions related to the current year		88				132				70
Additions for tax positions of prior years		145				58				119
Additions related to acquisitions		-				-				127
Impact of changes in exchange rates		(41	)			23				(25	)
Settlements with tax authorities		(22	)			(41	)			(45	)
Reductions for tax positions of prior years		(57	)			(157	)			(85	)
Reductions due to the lapse of the applicable statute of limitations		(73	)			(41	)			(27	)
Balance at end of year	$	1,433			$	1,393			$	1,419

Tax Years Subject to Examination by Tax Authorities

The following table summarizes the tax years that are either currently under audit or remain open and subject to examination by the tax authorities in the most significant jurisdictions in which Schlumberger operates:

Canada	2011 - 2018
Ecuador	2015 - 2018
Mexico	2011 - 2018
Norway	2013 - 2018
Russia	2015 - 2018
Saudi Arabia	2004 - 2018
United Kingdom	2016 - 2018
United States	2015 - 2018

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