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Charges and Credits (Table)
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Summary of Charges and Credits

In connection with SLB's October 2023 acquisition of the Aker Solutions ("Aker") subsea business, SLB recorded $25 million of pretax charges during the first quarter of 2024 consisting of: $14 million relating to the amortization of purchase accounting adjustments associated with the write-up of acquired inventories to its estimated fair value and $11 million of other merger and integration-related costs. $14 million of these costs are classified in Cost of Sales in the Consolidated Statement of Income, with the remaining $11 million classified in Merger & integration.

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling

 

 

 

 

 

Pretax Charge

 

 

Tax Benefit

 

 

Interests

 

 

Net

 

Merger and integration

$

25

 

 

$

6

 

 

$

5

 

 

$

14