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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
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) |
| 2020 |  |  | 2019 |  |  | 2018 |
United States | $ | (4,394 | ) |  | $ | (8,991 | ) |  | $ | (55 | )
Outside United States |  | (6,904 | ) |  |  | (1,427 | ) |  |  | 2,679 |
| $ | (11,298 | ) |  | $ | (10,418 | ) |  | $ | 2,624 |
Components of Net Deferred Tax Assets (Liabilities) | The components of net deferred tax assets (liabilities) were as follows:
(Stated in millions) |
| 2020 |  |  | 2019 |
Intangible assets | $ | (881 | ) |  | $ | (1,790 | )
Net operating losses |  | 421 |  |  |  | 144 |
Fixed assets, net |  | 151 |  |  |  | 434 |
Inventories |  | 59 |  |  |  | 155 |
Investments in non-US subsidiaries |  | (171 | ) |  |  | (220 | )
Foreign tax credits |  | - |  |  |  | 312 |
Other, net |  | 402 |  |  |  | 474 |
| $ | (19 | ) |  | $ | (491 | )
Components of Tax Expense (Benefit) | The components of Tax expense (benefit) were as follows:
(Stated in millions) |
| 2020 |  |  | 2019 |  |  | 2018 |
Current: |  |  |  |  |  |  |  |  |  |  |
United States-Federal | $ | 21 |  |  | $ | (81 | ) |  | $ | 124 |
United States-State |  | 5 |  |  |  | 11 |  |  |  | (50 | )
Outside United States |  | 410 |  |  |  | 770 |  |  |  | 618 |
|  | 436 |  |  |  | 700 |  |  |  | 692 |
Deferred: |  |  |  |  |  |  |  |  |  |  |
United States-Federal | $ | (824 | ) |  | $ | (660 | ) |  | $ | (143 | )
United States-State |  | (67 | ) |  |  | (93 | ) |  |  | (4 | )
Outside United States |  | (563 | ) |  |  | (257 | ) |  |  | (69 | )
Valuation allowance |  | 206 |  |  |  | (1 | ) |  |  | (29 | )
|  | (1,248 | ) |  |  | (1,011 | ) |  |  | (245 | )
| $ | (812 | ) |  | $ | (311 | ) |  | $ | 447 |
Reconciliation of US Statutory Federal Tax Rate | A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows:
| 2020 |  |  | 2019 |  |  | 2018 |
US federal statutory rate |  | 21 | % |  |  | 21 | % |  |  | 21 | %
State tax |  | - |  |  |  | - |  |  |  | (2 | )
Non-US income taxed at different rates |  | - |  |  |  | - |  |  |  | (2 | )
Charges and credits (See Note 3) |  | (14 | ) |  |  | (19 | ) |  |  | - |
Other |  | - |  |  |  | 1 |  |  |  | - |
|  | 7 | % |  |  | 3 | % |  |  | 17 | %
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, 2020, 2019 and 2018 is as follows:
(Stated in millions) |
| 2020 |  |  | 2019 |  |  | 2018 |
Balance at beginning of year | $ | 1,301 |  |  | $ | 1,433 |  |  | $ | 1,393 |
Additions based on tax positions related to the current year |  | 76 |  |  |  | 86 |  |  |  | 88 |
Additions for tax positions of prior years |  | 78 |  |  |  | 65 |  |  |  | 145 |
Impact of changes in exchange rates |  | (3 | ) |  |  | 2 |  |  |  | (41 | )
Settlements with tax authorities |  | (15 | ) |  |  | (50 | ) |  |  | (22 | )
Reductions for tax positions of prior years |  | (87 | ) |  |  | (176 | ) |  |  | (57 | )
Reductions due to the lapse of the applicable statute of limitations |  | (79 | ) |  |  | (59 | ) |  |  | (73 | )
| $ | 1,271 |  |  | $ | 1,301 |  |  | $ | 1,433 |
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 | 2013 - 2020
Ecuador | 2016 - 2020
Mexico | 2012 - 2020
Norway | 2015 - 2020
Russia | 2016 - 2020
Saudi Arabia | 2015 - 2020
United Kingdom | 2017 - 2020
United States | 2017 - 2020

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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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