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v3.23.3

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2023
Segment Reporting [Abstract] |
Segment Information | 10. Segment Information
|  |  |  | (Stated in millions) |
| Third Quarter 2023 |  |  | Third Quarter 2022 |
|  |  |  | Income |  |  |  |  |  | Income |
| Revenue |  |  | Before Taxes |  |  | Revenue |  |  | Before Taxes |
Digital & Integration | $ | 982 |  |  | $ | 314 |  |  | $ | 900 |  |  | $ | 305 |
Reservoir Performance |  | 1,680 |  |  |  | 344 |  |  |  | 1,456 |  |  |  | 244 |
Well Construction |  | 3,430 |  |  |  | 759 |  |  |  | 3,084 |  |  |  | 664 |
Production Systems |  | 2,367 |  |  |  | 319 |  |  |  | 2,150 |  |  |  | 224 |
Eliminations & other |  | (149 | ) |  |  | (53 | ) |  |  | (113 | ) |  |  | (37 | )
Pretax segment operating income |  |  |  |  | 1,683 |  |  |  |  |  |  | 1,400 |
Corporate & other (1) |  |  |  |  | (182 | ) |  |  |  |  |  | (155 | )
Interest income (2) |  |  |  |  | 20 |  |  |  |  |  |  | 8 |
Interest expense (3) |  |  |  |  | (126 | ) |  |  |  |  |  | (119 | )
| $ | 8,310 |  |  | $ | 1,395 |  |  | $ | 7,477 |  |  | $ | 1,134 |
(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 that are included in the segments’ income ($2 million in 2023; $25 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($3 million in 2023; $3 million in 2022).
|  |  |  | (Stated in millions) |
| Nine Months 2023 |  |  | Nine Months 2022 |
|  |  |  | Income |  |  |  |  |  | Income |
| Revenue |  |  | Before Taxes |  |  | Revenue |  |  | Before Taxes |
Digital & Integration | $ | 2,822 |  |  | $ | 901 |  |  | $ | 2,713 |  |  | $ | 976 |
Reservoir Performance |  | 4,826 |  |  |  | 892 |  |  |  | 3,999 |  |  |  | 598 |
Well Construction |  | 10,052 |  |  |  | 2,162 |  |  |  | 8,168 |  |  |  | 1,522 |
Production Systems |  | 6,888 |  |  |  | 802 |  |  |  | 5,647 |  |  |  | 509 |
Eliminations & other |  | (443 | ) |  |  | (102 | ) |  |  | (314 | ) |  |  | (151 | )
Pretax segment operating income |  |  |  |  | 4,655 |  |  |  |  |  |  | 3,454 |
Corporate & other (1) |  |  |  |  | (536 | ) |  |  |  |  |  | (468 | )
Interest income (2) |  |  |  |  | 57 |  |  |  |  |  |  | 13 |
Interest expense (3) |  |  |  |  | (363 | ) |  |  |  |  |  | (360 | )
Charges and credits (4) |  |  |  |  | 36 |  |  |  |  |  |  | 285 |
| $ | 24,145 |  |  | $ | 3,849 |  |  | $ | 20,213 |  |  | $ | 2,924 |
(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 that are included in the segments’ income ($2 million in 2023; $53 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($10 million in 2023; $9 million in 2022). (4) See Note 2 – Charges and Credits. Revenue by geographic area was as follows:
|  |  |  |  |  |  | (Stated in millions) |
| Third Quarter |  |  | Nine Months |
| 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
North America | $ | 1,643 |  |  | $ | 1,543 |  |  | $ | 5,086 |  |  | $ | 4,362 |
Latin America |  | 1,681 |  |  |  | 1,508 |  |  |  | 4,923 |  |  |  | 4,042 |
Europe & Africa (1) |  | 2,091 |  |  |  | 2,039 |  |  |  | 6,095 |  |  |  | 5,134 |
Middle East & Asia |  | 2,842 |  |  |  | 2,334 |  |  |  | 7,877 |  |  |  | 6,525 |
Other |  | 53 |  |  |  | 53 |  |  |  | 164 |  |  |  | 150 |
| $ | 8,310 |  |  | $ | 7,477 |  |  | $ | 24,145 |  |  | $ | 20,213 |
(1) Includes Russia and the Caspian region. North America and International revenue disaggregated by segment was as follows:
|  |  |  |  |  |  | (Stated in millions) |
| Third Quarter 2023 |
| North |  |  |  |  |  |  |  |  |  |
| America |  |  | International |  |  | Other |  |  | Total |
Digital & Integration | $ | 242 |  |  | $ | 737 |  |  | $ | 3 |  |  | $ | 982 |
Reservoir Performance |  | 125 |  |  |  | 1,554 |  |  |  | 1 |  |  |  | 1,680 |
Well Construction |  | 663 |  |  |  | 2,707 |  |  |  | 60 |  |  |  | 3,430 |
Production Systems |  | 626 |  |  |  | 1,740 |  |  |  | 1 |  |  |  | 2,367 |
Eliminations & other |  | (13 | ) |  |  | (124 | ) |  |  | (12 | ) |  |  | (149 | )
| $ | 1,643 |  |  | $ | 6,614 |  |  | $ | 53 |  |  | $ | 8,310 |
| Third Quarter 2022 |
| North |  |  |  |  |  |  |  |  |  |
| America |  |  | International |  |  | Other |  |  | Total |
Digital & Integration | $ | 229 |  |  | $ | 671 |  |  | $ | - |  |  | $ | 900 |
Reservoir Performance |  | 119 |  |  |  | 1,335 |  |  |  | 2 |  |  |  | 1,456 |
Well Construction |  | 621 |  |  |  | 2,406 |  |  |  | 57 |  |  |  | 3,084 |
Production Systems |  | 578 |  |  |  | 1,569 |  |  |  | 3 |  |  |  | 2,150 |
Eliminations & other |  | (4 | ) |  |  | (100 | ) |  |  | (9 | ) |  |  | (113 | )
| $ | 1,543 |  |  | $ | 5,881 |  |  | $ | 53 |  |  | $ | 7,477 |
| Nine Months 2023 |
| North |  |  |  |  |  |  |  |  |  |
| America |  |  | International |  |  | Other |  |  | Total |
Digital & Integration | $ | 727 |  |  | $ | 2,091 |  |  | $ | 4 |  |  | $ | 2,822 |
Reservoir Performance |  | 375 |  |  |  | 4,446 |  |  |  | 5 |  |  |  | 4,826 |
Well Construction |  | 2,095 |  |  |  | 7,782 |  |  |  | 175 |  |  |  | 10,052 |
Production Systems |  | 1,931 |  |  |  | 4,943 |  |  |  | 14 |  |  |  | 6,888 |
Eliminations & other |  | (42 | ) |  |  | (367 | ) |  |  | (34 | ) |  |  | (443 | )
| $ | 5,086 |  |  | $ | 18,895 |  |  | $ | 164 |  |  | $ | 24,145 |
| Nine Months 2022 |
| North |  |  |  |  |  |  |  |  |  |
| America |  |  | International |  |  | Other |  |  | Total |
Digital & Integration | $ | 781 |  |  | $ | 1,928 |  |  | $ | 4 |  |  | $ | 2,713 |
Reservoir Performance |  | 333 |  |  |  | 3,661 |  |  |  | 5 |  |  |  | 3,999 |
Well Construction |  | 1,659 |  |  |  | 6,354 |  |  |  | 155 |  |  |  | 8,168 |
Production Systems |  | 1,601 |  |  |  | 4,037 |  |  |  | 9 |  |  |  | 5,647 |
Eliminations & other |  | (12 | ) |  |  | (279 | ) |  |  | (23 | ) |  |  | (314 | )
| $ | 4,362 |  |  | $ | 15,701 |  |  | $ | 150 |  |  | $ | 20,213 |
Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at September 30, 2023 and $0.3 billion at December 31, 2022. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet. Due to the nature of its business, SLB does not have significant backlog. Total backlog was $3.2 billion at September 30, 2023, 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 b illion at September 30, 2023 and $1.2 billion at December 31, 2022. 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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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