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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information | Summarized financial information for the Company's segments is shown in the following tables.
| Three Months Ended March 31, |
Revenue | 2024 | 2023 |  |
Oilfield Services & Equipment | $ | 3,783 |  | $ | 3,577 |  |  |
Industrial & Energy Technology | 2,634 |  | 2,138 |  |  |
Total | $ | 6,418 |  | $ | 5,716 |  |  |
| Three Months Ended March 31, |
Income before income taxes | 2024 | 2023 |  |
Oilfield Services & Equipment | $ | 422 |  | $ | 371 |  |  |
Industrial & Energy Technology | 330 |  | 241 |  |  |
Total segment | 752 |  | 612 |  |  |
Corporate | (92) |  | (100) |  |  |
Inventory impairment (1) | — |  | (18) |  |  |
Restructuring, impairment and other | (7) |  | (56) |  |  |
Other non-operating income, net | 29 |  | 386 |  |  |
Interest expense, net | (41) |  | (64) |  |  |
Income before income taxes | $ | 641 |  | $ | 760 |  |  |
(1)Charges for inventory impairments are reported in "Cost of goods sold" in the condensed consolidated statements of income (loss). The following table presents depreciation and amortization:
| Three Months Ended March 31, |
Depreciation and amortization | 2024 | 2023 |  |
Oilfield Services & Equipment | $ | 222 |  | $ | 208 |  |  |
Industrial & Energy Technology | 56 |  | 56 |  |  |
Total segment | 279 |  | 264 |  |  |
Corporate | 4 |  | 5 |  |  |
Total | $ | 283 |  | $ | 269 |  |  |

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- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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