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SEGMENT INFORMATION (Tables)

3 Months Ended

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

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

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-Name Accounting Standards Codification
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-Section 50
-Paragraph 30
-Publisher FASB
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No definition available.

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