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Business Segment and Geographic Information | 9 Months Ended
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Sep. 30, 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 September 30 | Nine Months Ended September 30
Millions of dollars | 2019 | 2018 | 2019 | 2018
Revenue: |  |  |  |
Completion and Production | $ | 3,506 |  | $ | 4,170 |  | $ | 10,973 |  | $ | 12,141 |
Drilling and Evaluation | 2,044 |  | 2,002 |  | 6,244 |  | 5,918 |
Total revenue | $ | 5,550 |  | $ | 6,172 |  | $ | 17,217 |  | $ | 18,059 |
Operating income: |  |  |  |
Completion and Production | $ | 446 |  | $ | 613 |  | $ | 1,284 |  | $ | 1,782 |
Drilling and Evaluation | 150 |  | 181 |  | 418 |  | 560 |
Total operations | 596 |  | 794 |  | 1,702 |  | 2,342 |
Corporate and other (a) | (60 | ) | (78 | ) | (190 | ) | (218 | )
Impairments and other charges (b) | — |  | — |  | (308 | ) | (265 | )
Total operating income | $ | 536 |  | $ | 716 |  | $ | 1,204 |  | $ | 1,859 |
Interest expense, net of interest income | (141 | ) | (140 | ) | (428 | ) | (417 | )
Other, net | (23 | ) | (42 | ) | (61 | ) | (86 | )
Income before income taxes | $ | 372 |  | $ | 534 |  | $ | 715 |  | $ | 1,356 |
(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) For the nine months ended September 30, 2019, amount includes $127 million attributable to Completion and Production, $153 million attributable to Drilling and Evaluation, and $28 million attributable to Corporate and other. During the nine months ended September 30, 2018, we recognized a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela. See Note 2 for further discussion on these impairments and other charges. There were no such impairments and other charges recorded during the three months ended September 30, 2019 or 2018. Receivables As of September 30, 2019, 39% of our net trade receivables were from customers in the United States. As of 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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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