| SEGMENT INFORMATION |
NOTE 3. SEGMENT INFORMATION
We conduct our business primarily through operating segments that are aligned with our geographic regions, which have been aggregated into
the following five reportable segments:
| |
• |
|
North America (U.S. Land, U.S. Gulf of Mexico and Canada) |
| |
| |
• |
|
Latin America |
| |
| |
• |
|
Europe/Africa/Russia Caspian |
| |
| |
• |
|
Middle East/Asia Pacific |
| |
| |
• |
|
Industrial Services and Other |
We have aggregated our operating segments within each reportable segment because they have
similar economic characteristics and because the long-term financial performance of the segments is
affected by similar economic conditions. The performance of our segments is evaluated based on
profit before tax, which is defined as income before income taxes, net interest expense, corporate expenses, and certain gains and losses not allocated to the segments. The financial results of BJ
Services are included in each of the five reportable segments from the date of acquisition on April
28, 2010.
Summarized financial information is shown in the following table.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
|
Three Months Ended |
|
| |
|
September 30, 2011 |
|
|
September 30, 2010 |
|
| Segments |
|
Revenue |
|
|
Profit (loss) |
|
|
Revenue |
|
|
Profit (loss) |
|
| |
|
North America
|
|
$ |
2,716 |
|
|
$ |
607 |
|
|
$ |
2,006 |
|
|
$ |
340 |
|
|
Latin America
|
|
|
568 |
|
|
|
71 |
|
|
|
431 |
|
|
|
9 |
|
|
Europe/Africa/Russia Caspian
|
|
|
850 |
|
|
|
105 |
|
|
|
757 |
|
|
|
47 |
|
|
Middle East/Asia Pacific
|
|
|
708 |
|
|
|
84 |
|
|
|
606 |
|
|
|
39 |
|
|
Industrial Services and Other
|
|
|
336 |
|
|
|
28 |
|
|
|
278 |
|
|
|
36 |
|
| |
|
Total Operations
|
|
|
5,178 |
|
|
|
895 |
|
|
|
4,078 |
|
|
|
471 |
|
|
Corporate and Other
|
|
|
— |
|
|
|
(78 |
) |
|
|
— |
|
|
|
(54 |
) |
|
Interest expense, net
|
|
|
— |
|
|
|
(58 |
) |
|
|
— |
|
|
|
(39 |
) |
|
Loss on early extinguishment of debt
|
|
|
— |
|
|
|
(40 |
) |
|
|
— |
|
|
|
— |
|
|
Acquisition-related costs
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(12 |
) |
| |
|
Total
|
|
$ |
5,178 |
|
|
$ |
719 |
|
|
$ |
4,078 |
|
|
$ |
366 |
|
| |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, 2011 |
|
|
September 30, 2010 |
|
| Segments |
|
Revenue |
|
|
Profit (loss) |
|
|
Revenue |
|
|
Profit (loss) |
|
| |
|
North America
|
|
$ |
7,436 |
|
|
$ |
1,507 |
|
|
$ |
4,411 |
|
|
$ |
685 |
|
|
Latin America
|
|
|
1,583 |
|
|
|
205 |
|
|
|
1,087 |
|
|
|
31 |
|
|
Europe/Africa/Russia Caspian
|
|
|
2,427 |
|
|
|
243 |
|
|
|
2,213 |
|
|
|
196 |
|
|
Middle East/Asia Pacific
|
|
|
2,068 |
|
|
|
251 |
|
|
|
1,590 |
|
|
|
109 |
|
|
Industrial Services and Other
|
|
|
930 |
|
|
|
76 |
|
|
|
690 |
|
|
|
71 |
|
| |
|
Total Operations
|
|
|
14,444 |
|
|
|
2,282 |
|
|
|
9,991 |
|
|
|
1,092 |
|
|
Corporate and Other
|
|
|
— |
|
|
|
(208 |
) |
|
|
— |
|
|
|
(159 |
) |
|
Interest expense, net
|
|
|
— |
|
|
|
(164 |
) |
|
|
— |
|
|
|
(93 |
) |
|
Loss on early extinguishment of debt
|
|
|
— |
|
|
|
(40 |
) |
|
|
— |
|
|
|
— |
|
|
Acquisition-related costs
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(78 |
) |
| |
|
Total
|
|
$ |
14,444 |
|
|
$ |
1,870 |
|
|
$ |
9,991 |
|
|
$ |
762 |
|
| |
|