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Business Segment and Geographic Information
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Business Segment and Geographic Information Business Segment and Geographic Information

We operate under two divisions, which form the basis for the two operating segments we report: the Completion and Production segment and the Drilling and Evaluation segment. Intersegment revenue was immaterial. Our equity in earnings and losses of unconsolidated affiliates that are accounted for using the equity method of accounting are included within cost of services and cost of sales on our statements of operations, which is part of operating income of the applicable segment.

The following table presents information on our business segments.
 
Three Months Ended
March 31
Millions of dollars
2019
2018
Revenue:
 
 
Completion and Production
$
3,662

$
3,807

Drilling and Evaluation
2,075

1,933

Total revenue
$
5,737

$
5,740

Operating income:
 
 
Completion and Production
$
368

$
500

Drilling and Evaluation
123

188

Total operations
491

688

Corporate and other (a)
(65
)
(69
)
Impairments and other charges (b)
(61
)
(265
)
Total operating income
$
365

$
354

Interest expense, net of interest income
(143
)
(140
)
Other, net
(30
)
(25
)
Income from continuing operations before income taxes
$
192

$
189


(a) Corporate and other includes certain expenses not attributable to a particular business segment, such as costs related to support functions and corporate executives.
(b) During the three months ended March 31, 2019, we recorded $61 million of impairments and other charges, primarily relating to an impairment of fixed assets. See Note 2 for further information. During the three months ended March 31, 2018, we recognized a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela.

Receivables
As of both March 31, 2019 and December 31, 2018, 43% of our net trade receivables were from customers in the United States. Other than the United States, no other country or single customer accounted for more than 10% of our trade receivables at these dates. We routinely monitor the financial stability of our customers and employ an extensive process to evaluate the collectability of outstanding receivables. This process, which involves a high degree of judgment utilizing significant assumptions, includes analysis of our customers’ historical time to pay, financial condition and various financial metrics, debt structure, credit agency ratings, and production profile, as well as political and economic factors in countries of operations and other customer-specific factors.