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v3.22.2

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2022
Segment Reporting [Abstract] |
Segment Information | 10. Segment Information
|  |  |  |  | (Stated in millions) |
| Second Quarter 2022 |  |  | Second Quarter 2021 |
|  |  |  |  | Income |  |  |  |  |  |  | Income |
| Revenue |  |  | Before Taxes |  |  | Revenue |  |  | Before Taxes |
Digital & Integration | $ | 955 |  |  | $ | 379 |  |  | $ | 817 |  |  | $ | 274 |
Reservoir Performance |  | 1,333 |  |  |  | 195 |  |  |  | 1,117 |  |  |  | 156 |
Well Construction |  | 2,686 |  |  |  | 470 |  |  |  | 2,110 |  |  |  | 272 |
Production Systems |  | 1,893 |  |  |  | 171 |  |  |  | 1,681 |  |  |  | 171 |
Eliminations & other |  | (94 | ) |  |  | (56 | ) |  |  | (91 | ) |  |  | (66 | )
Pretax segment operating income |  |  |  |  |  | 1,159 |  |  |  |  |  |  |  | 807 |
Corporate & other (1) |  |  |  |  |  | (148 | ) |  |  |  |  |  |  | (138 | )
Interest income (2) |  |  |  |  |  | 3 |  |  |  |  |  |  |  | 5 |
Interest expense (3) |  |  |  |  |  | (121 | ) |  |  |  |  |  |  | (132 | )
Charges and credits (4) |  |  |  |  |  | 259 |  |  |  |  |  |  |  | - |
| $ | 6,773 |  |  | $ | 1,152 |  |  | $ | 5,634 |  |  | $ | 542 |
(1) | Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.
(2) | Interest income excludes amounts which are included in the segments’ income ($16 million in 2022; $1 million in 2021).
(3) | Interest expense excludes amounts which are included in the segments’ income ($3 million in 2022; $4 million in 2021).
(4) | See Note 2 – Charges and Credits.
|  |  |  |  | (Stated in millions) |
| Six Months 2022 |  |  | Six Months 2021 |
|  |  |  |  | Income |  |  |  |  |  |  | Income |
| Revenue |  |  | Before Taxes |  |  | Revenue |  |  | Before Taxes |
Digital & Integration | $ | 1,813 |  |  | $ | 671 |  |  | $ | 1,590 |  |  | $ | 521 |
Reservoir Performance |  | 2,543 |  |  |  | 355 |  |  |  | 2,119 |  |  |  | 258 |
Well Construction |  | 5,083 |  |  |  | 858 |  |  |  | 4,045 |  |  |  | 482 |
Production Systems |  | 3,497 |  |  |  | 285 |  |  |  | 3,271 |  |  |  | 309 |
Eliminations & other |  | (201 | ) |  |  | (115 | ) |  |  | (168 | ) |  |  | (99 | )
Pretax segment operating income |  |  |  |  |  | 2,054 |  |  |  |  |  |  |  | 1,471 |
Corporate & other (1) |  |  |  |  |  | (313 | ) |  |  |  |  |  |  | (288 | )
Interest income (2) |  |  |  |  |  | 5 |  |  |  |  |  |  |  | 9 |
Interest expense (3) |  |  |  |  |  | (241 | ) |  |  |  |  |  |  | (264 | )
Charges and credits (4) |  |  |  |  |  | 285 |  |  |  |  |  |  |  | - |
| $ | 12,735 |  |  | $ | 1,790 |  |  | $ | 10,857 |  |  | $ | 928 |
(1) | Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.
(2) | Interest income excludes amounts which are included in the segments’ income ($28 million in 2022; $1 million in 2021).
(3) | Interest expense excludes amounts which are included in the segments’ income ($6 million in 2022; $8 million in 2021).
(4) | See Note 2 – Charges and Credits.
Revenue by geographic area was as follows:
|  |  |  |  |  |  |  |  | (Stated in millions) |
| Second Quarter |  |  | Six Months |
| 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
North America | $ | 1,537 |  |  | $ | 1,083 |  |  | $ | 2,819 |  |  | $ | 2,055 |
Latin America |  | 1,329 |  |  |  | 1,057 |  |  |  | 2,534 |  |  |  | 2,095 |
Europe/CIS/Africa |  | 1,691 |  |  |  | 1,453 |  |  |  | 3,094 |  |  |  | 2,709 |
Middle East & Asia |  | 2,168 |  |  |  | 2,001 |  |  |  | 4,192 |  |  |  | 3,918 |
Eliminations & other |  | 48 |  |  |  | 40 |  |  |  | 96 |  |  |  | 80 |
| $ | 6,773 |  |  | $ | 5,634 |  |  | $ | 12,735 |  |  | $ | 10,857 |
North America and International revenue disaggregated by segment was as follows:
|  |  |  |  |  |  |  |  | (Stated in millions) |
| Second Quarter 2022 |
| North |  |  |  |  |  |  | Eliminations |  |  |  |  |
| America |  |  | International |  |  | & other |  |  | Total |
Digital & Integration | $ | 327 |  |  | $ | 627 |  |  | $ | 1 |  |  | $ | 955 |
Reservoir Performance |  | 111 |  |  |  | 1,222 |  |  |  | - |  |  |  | 1,333 |
Well Construction |  | 553 |  |  |  | 2,083 |  |  |  | 50 |  |  |  | 2,686 |
Production Systems |  | 550 |  |  |  | 1,341 |  |  |  | 2 |  |  |  | 1,893 |
Eliminations & other |  | (4 | ) |  |  | (85 | ) |  |  | (5 | ) |  |  | (94 | )
| $ | 1,537 |  |  | $ | 5,188 |  |  | $ | 48 |  |  | $ | 6,773 |
| Second Quarter 2021 |
| North |  |  |  |  |  |  | Eliminations |  |  |  |  |
| America |  |  | International |  |  | & other |  |  | Total |
Digital & Integration | $ | 191 |  |  | $ | 625 |  |  | $ | 1 |  |  | $ | 817 |
Reservoir Performance |  | 79 |  |  |  | 1,038 |  |  |  | - |  |  |  | 1,117 |
Well Construction |  | 352 |  |  |  | 1,708 |  |  |  | 50 |  |  |  | 2,110 |
Production Systems |  | 458 |  |  |  | 1,220 |  |  |  | 3 |  |  |  | 1,681 |
Eliminations & other |  | 3 |  |  |  | (80 | ) |  |  | (14 | ) |  |  | (91 | )
| $ | 1,083 |  |  | $ | 4,511 |  |  | $ | 40 |  |  | $ | 5,634 |
| Six Months 2022 |
| North |  |  |  |  |  |  | Eliminations |  |  |  |  |
| America |  |  | International |  |  | & other |  |  | Total |
Digital & Integration | $ | 552 |  |  | $ | 1,258 |  |  | $ | 3 |  |  | $ | 1,813 |
Reservoir Performance |  | 214 |  |  |  | 2,326 |  |  |  | 3 |  |  |  | 2,543 |
Well Construction |  | 1,038 |  |  |  | 3,948 |  |  |  | 97 |  |  |  | 5,083 |
Production Systems |  | 1,023 |  |  |  | 2,468 |  |  |  | 6 |  |  |  | 3,497 |
Eliminations & other |  | (8 | ) |  |  | (180 | ) |  |  | (13 | ) |  |  | (201 | )
| $ | 2,819 |  |  | $ | 9,820 |  |  | $ | 96 |  |  | $ | 12,735 |
| Six Months 2021 |
| North |  |  |  |  |  |  | Eliminations |  |  |  |  |
| America |  |  | International |  |  | & other |  |  | Total |
Digital & Integration | $ | 352 |  |  | $ | 1,235 |  |  | $ | 3 |  |  | $ | 1,590 |
Reservoir Performance |  | 157 |  |  |  | 1,960 |  |  |  | 2 |  |  |  | 2,119 |
Well Construction |  | 663 |  |  |  | 3,285 |  |  |  | 97 |  |  |  | 4,045 |
Production Systems |  | 878 |  |  |  | 2,382 |  |  |  | 11 |  |  |  | 3,271 |
Eliminations & other |  | 5 |  |  |  | (140 | ) |  |  | (33 | ) |  |  | (168 | )
| $ | 2,055 |  |  | $ | 8,722 |  |  | $ | 80 |  |  | $ | 10,857 |
Revenue in excess of billings related to contracts where revenue is recognized over time was $0.3 billion at both June 30, 2022 and December 31, 2021. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet. Due to the nature of its business, Schlumberger does not have significant backlog. Total backlog was $3.1 billion at June 30, 2022, of which approximately 60% is expected to be recognized as revenue over the next 12 months. Billings and cash collections in excess of revenue was $1.3 billion at June 30, 2022 and $1.1 billion at December 31, 2021. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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