v3.23.3
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Financial Information
Summarized financial information for the Company's segments is shown in the following tables.
Three Months Ended September 30,Nine Months Ended September 30,
Revenue2023202220232022
Oilfield Services & Equipment$3,951 $3,403 $11,405 $9,650 
Industrial & Energy Technology2,691 1,967 7,267 5,601 
Total$6,641 $5,369 $18,671 $15,251 
Three Months Ended September 30,Nine Months Ended September 30,
Income before income taxes2023202220232022
Oilfield Services & Equipment$465 $324 $1,253 $785 
Industrial & Energy Technology346 282 898 758 
Total segment811 606 2,151 1,544 
Corporate(95)(103)(292)(316)
Inventory impairment (1)
— — (33)(31)
Restructuring, impairment and other(2)(235)(161)(676)
Other non-operating income (loss), net94 (60)638 (657)
Interest expense, net(49)(65)(171)(188)
Income (loss) before income taxes
$759 $144 $2,133 $(323)
(1)Charges for inventory impairments are reported in the "Cost of goods sold" caption in 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,
Depreciation and amortization2023202220232022
Oilfield Services & Equipment$206 $204 $632 $647 
Industrial & Energy Technology57 45 166 144 
Total segment263 249 798 791 
Corporate15 15 
Total$267 $254 $813 $806