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Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Financial Information

Summarized financial information is shown in the following tables. Consistent accounting policies have been applied by all segments within the Company, for all reporting periods.

			Three Months Ended September 30,						Nine Months Ended September 30,
Segment revenue			2022			2021			2022			2021
Oilfield Services			$	2,842		$	2,419		$	8,019		$	6,976
Oilfield Equipment			561			603			1,630			1,867
Turbomachinery & Process Solutions			1,438			1,562			4,076			4,675
Digital Solutions			528			510			1,526			1,499
Total			$	5,369		$	5,093		$	15,251		$	15,017

The performance of our operating segments is evaluated based on segment operating income (loss), which is defined as income (loss) before income taxes before the following: net interest expense, net other non-operating loss, corporate expenses, restructuring, impairment and other charges, inventory impairments, separation related costs and certain gains and losses not allocated to the operating segments.

			Three Months Ended September 30,						Nine Months Ended September 30,
Segment income (loss) before income taxes			2022			2021			2022			2021
Oilfield Services			$	330		$	190		$	812		$	505
Oilfield Equipment			(6)			14			(26)			45
Turbomachinery & Process Solutions			262			278			705			705
Digital Solutions			20			26			53			75
Total segment			606			508			1,544			1,330
Corporate			(103)			(105)			(316)			(324)
Inventory impairment (1)			—			—			(31)			—
Restructuring, impairment and other			(230)			(14)			(653)			(219)
Separation related			(5)			(11)			(23)			(53)
Other non-operating loss, net			(60)			(102)			(657)			(791)
Interest expense, net			(65)			(67)			(188)			(205)
Income (loss) before income taxes			$	144		$	209		$	(323)		$	(260)

(1)Inventory impairments are reported in the "Cost of goods sold" caption of the condensed consolidated statements of income (loss).

The following table presents depreciation and amortization by segment:

			Three Months Ended September 30,						Nine Months Ended September 30,
Segment depreciation and amortization			2022			2021			2022			2021
Oilfield Services			$	185		$	183		$	587		$	578
Oilfield Equipment			20			22			60			81
Turbomachinery & Process Solutions			28			30			87			90
Digital Solutions			16			22			57			66
Total segment			249			257			791			815
Corporate			5			5			15			17
Total			$	254		$	262		$	806		$	832

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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