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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combinations [Abstract] |
Schedule of Preliminary Estimates of Fair Value of Assets Acquired and Libilities Assumed | The following amounts represent the preliminary estimates of the fair value of assets acquired and liabilities assumed in connection with the formation of the joint venture. The final determination of fair value for certain assets and liabilities will be completed as soon as the information necessary to complete the analysis is obtained. These amounts, which may differ materially from these preliminary estimates, will be finalized as soon as possible, but no later than one year from the acquisition date.
(Stated in millions) |
Cash | $ | 48 |
Accounts receivable |  | 355 |
Inventories (1) |  | 192 |
Other current assets |  | 237 |
Fixed assets |  | 168 |
Intangible assets (weighted average life of 18 years) |  | 390 |
Accounts payable and accrued liabilities |  | (915 | )
Deferred taxes |  | (127 | )
Other liabilities |  | (1 | )
Total identifiable net assets | $ | 347 |
Goodwill (2) |  | 966 |
Total consideration transferred | $ | 1,313 |
(1) SLB recorded an adjustment of $54 million to write-up the acquired inventory to its estimated fair value. SLB’s Cost of sales will reflect this increased valuation as the acquired inventory is sold. $11 million of this adjustment was expensed as of December 31, 2023. See Note 3 – Charges and Credits. (2) The goodwill recognized is primarily attributable to intangible assets that do not qualify for separate recognition as well as expected synergies from combining the subsea operations of SLB and Aker. None of the goodwill is deductible for income tax purposes.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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