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Charges and Credits (Tables)
 12 Months Ended
Dec. 31, 2022
Restructuring And Related Activities [Abstract]  
Summary of Charges and Credits

SLB recorded the following charges and credits during 2022, all of which are classified in Interest & other income, net in the Consolidated Statement of Income (Loss):

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

Tax Benefit

 

 

 

 

 

 

Charge (Credit)

 

 

(Expense)

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

$

(26

)

 

$

(4

)

 

$

(22

)

Second quarter:

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

 

(215

)

 

 

(14

)

 

 

(201

)

Gain on sale of real estate

 

(43

)

 

 

(2

)

 

 

(41

)

Fourth quarter:

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

 

(84

)

 

 

(19

)

 

 

(65

)

Loss on Blue Chip Swap transactions

 

139

 

 

 

-

 

 

 

139

 

Gain on ADC equity investment

 

(107

)

 

 

(3

)

 

 

(104

)

Gain on repurchase of bonds

 

(11

)

 

 

(2

)

 

 

(9

)

 

$

(347

)

 

$

(44

)

 

$

(303

)

SLB recorded the following charges and credits during 2021:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

Tax Benefit

 

 

 

 

 

 

Charge (Credit)

 

 

(Expense)

 

 

Net

 

Third quarter:

 

 

 

 

 

 

 

 

 

 

 

Unrealized gain on marketable securities

$

(47

)

 

$

(11

)

 

$

(36

)

Fourth quarter:

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

 

(28

)

 

 

(4

)

 

 

(24

)

Early repayment of bonds

 

10

 

 

 

-

 

 

 

10

 

 

$

(65

)

 

$

(15

)

 

$

(50

)

 

SLB recorded the following charges and credits during 2020, all of which, unless otherwise noted, are classified in Impairments & other in the Consolidated Statement of Income (Loss):

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

Tax Benefit

 

 

 

 

 

 

Charge (Credit)

 

 

(Expense)

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

 

 

 

Goodwill

$

3,070

 

 

$

-

 

 

$

3,070

 

Intangible assets impairments

 

3,321

 

 

 

815

 

 

 

2,506

 

Asset Performance Solutions investments

 

1,264

 

 

 

(4

)

 

 

1,268

 

North America pressure pumping impairment

 

587

 

 

 

133

 

 

 

454

 

Workforce reductions

 

202

 

 

 

7

 

 

 

195

 

Other

 

79

 

 

 

9

 

 

 

70

 

Valuation allowance

 

-

 

 

 

(164

)

 

 

164

 

Second quarter:

 

 

 

 

 

 

 

 

 

 

 

Workforce reductions

 

1,021

 

 

 

71

 

 

 

950

 

Asset Performance Solutions investments

 

730

 

 

 

15

 

 

 

715

 

Fixed asset impairments

 

666

 

 

 

52

 

 

 

614

 

Inventory write-downs

 

603

 

 

 

49

 

 

 

554

 

Right-of-use asset impairments

 

311

 

 

 

67

 

 

 

244

 

Costs associated with exiting certain activities

 

205

 

 

 

(25

)

 

 

230

 

Exploration data impairment

 

156

 

 

 

2

 

 

 

154

 

Repurchase of bonds

 

40

 

 

 

2

 

 

 

38

 

Postretirement benefits curtailment gain

 

(69

)

 

 

(16

)

 

 

(53

)

Other

 

60

 

 

 

4

 

 

 

56

 

Third quarter:

 

 

 

 

 

 

 

 

 

 

 

Facility exit charges

 

254

 

 

 

39

 

 

 

215

 

Workforce reductions

 

63

 

 

 

-

 

 

 

63

 

Other

 

33

 

 

 

1

 

 

 

32

 

Fourth quarter:

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of OneStim

 

(104

)

 

 

(11

)

 

 

(93

)

Unrealized gain on marketable securities

 

(39

)

 

 

(9

)

 

 

(30

)

Other

 

62

 

 

 

4

 

 

 

58

 

 

$

12,515

 

 

$

1,041

 

 

$

11,474