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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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)
	2019				2018				2017
United States	$	(8,991	)		$	(55	)		$	(841	)
Outside United States		(1,427	)			2,679				(342	)
	$	(10,418	)		$	2,624			$	(1,183	)

Components of Net Deferred Tax Assets (Liabilities)

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

(Stated in millions)
	2019				2018
Postretirement benefits	$	51			$	122
Intangible assets		(1,833	)			(2,110	)
Investments in non-US subsidiaries		(220	)			(223	)
Fixed assets, net		434				(140	)
Inventories		155				111
Foreign tax credits		312				343
Other, net		610				456
	$	(491	)		$	(1,441	)

Components of Tax Expense (Benefit)

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

(Stated in millions)
	2019				2018				2017
Current:
United States-Federal	$	(81	)		$	124			$	(170	)
United States-State		11				(50	)			57
Outside United States		770				618				703
		700				692				590
Deferred:
United States-Federal	$	(660	)		$	(143	)		$	(225	)
United States-State		(93	)			(4	)			4
Outside United States		(257	)			(69	)			(47	)
Valuation allowance		(1	)			(29	)			8
		(1,011	)			(245	)			(260	)
	$	(311	)		$	447			$	330

Reconciliation of US Statutory Federal Tax Rate

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

	2019				2018				2017
US federal statutory rate		21	%			21	%			35	%
State tax		-				(2	)			-
Non-US income taxed at different rates		-				(2	)			29
Charges and credits (See Note 3)		(19	)			-				(93	)
Enactment of US tax reform (See Note 3)		-				-				(6	)
Other		1				-				7
		3	%			17	%			(28	)%

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, 2019, 2018 and 2017 is as follows:

(Stated in millions)
	2019				2018				2017
Balance at beginning of year	$	1,433			$	1,393			$	1,419
Additions based on tax positions related to the current year		86				88				132
Additions for tax positions of prior years		65				145				58
Impact of changes in exchange rates		2				(41	)			23
Settlements with tax authorities		(50	)			(22	)			(41	)
Reductions for tax positions of prior years		(176	)			(57	)			(157	)
Reductions due to the lapse of the applicable statute of limitations		(59	)			(73	)			(41	)
	$	1,301			$	1,433			$	1,393

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	2012 - 2019
Ecuador	2016 - 2019
Mexico	2012 - 2019
Norway	2014 - 2019
Russia	2016 - 2019
Saudi Arabia	2015 - 2019
United Kingdom	2017 - 2019
United States	2017 - 2019

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