XML 44 R12.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Business Segment and Geographic Information | 12 Months Ended
--- | ---
Dec. 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. For more information about the product service lines included in each segment, see "Part I, Item 1. Business.” The business operations of our divisions are organized around four primary geographic regions: North America, Latin America, Europe/Africa/CIS and Middle East/Asia. 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. Operations by business segment The following tables present financial information on our business segments.
| Year Ended December 31
Millions of dollars | 2019 | 2018 | 2017
Revenue: |  |  |
Completion and Production | $ | 14,031 |  | $ | 15,973 |  | $ | 13,077 |
Drilling and Evaluation | 8,377 |  | 8,022 |  | 7,543 |
Total revenue | $ | 22,408 |  | $ | 23,995 |  | $ | 20,620 |
Operating income: |  |  |
Completion and Production | $ | 1,671 |  | $ | 2,278 |  | $ | 1,625 |
Drilling and Evaluation | 642 |  | 745 |  | 726 |
Total operations | 2,313 |  | 3,023 |  | 2,351 |
Corporate and other (a) | (255 | ) | (291 | ) | (330 | )
Impairments and other charges (b) | (2,506 | ) | (265 | ) | (647 | )
Total operating income (loss) | $ | (448 | ) | $ | 2,467 |  | $ | 1,374 |
Interest expense, net of interest income | $ | (569 | ) | $ | (554 | ) | $ | (593 | )
Other, net | (105 | ) | (99 | ) | (99 | )
Income (loss) from continuing operations before income taxes | $ | (1,122 | ) | $ | 1,814 |  | $ | 682 |
Capital expenditures: |  |  |
Completion and Production | $ | 800 |  | $ | 1,364 |  | $ | 1,111 |
Drilling and Evaluation | 728 |  | 657 |  | 261 |
Corporate and other | 2 |  | 5 |  | 1 |
Total | $ | 1,530 |  | $ | 2,026 |  | $ | 1,373 |
Depreciation, depletion and amortization: |  |  |
Completion and Production | $ | 1,049 |  | $ | 1,058 |  | $ | 953 |
Drilling and Evaluation | 552 |  | 512 |  | 563 |
Corporate and other | 24 |  | 36 |  | 40 |
Total | $ | 1,625 |  | $ | 1,606 |  | $ | 1,556 |
(a) Includes certain expenses not attributable to a particular business segment, such as costs related to support functions and corporate executives, operating lease assets, and also includes amortization expense associated with intangible assets recorded as a result of acquisitions. (b) Impairments and other charges are as follows: -For the year ended December 31, 2019, amount includes approximately $1.6 billion attributable to Completion and Production, $849 million attributable to Drilling and Evaluation, and $56 million attributable to Corporate and other. -For the years ended December 31, 2018 and December 31, 2017, we recorded aggregate charges of $265 million and $647 million, respectively, to write-down our investment in Venezuela.
| December 31
Millions of dollars | 2019 | 2018
Total assets: |  |
Completion and Production (a) | $ | 11,894 |  | $ | 13,231 |
Drilling and Evaluation (a) | 8,059 |  | 8,037 |
Corporate and other (b) | 5,424 |  | 4,714 |
Total | $ | 25,377 |  | $ | 25,982 |
(a) Assets associated with specific segments primarily include receivables, inventories, property, plant and equipment, operating lease right-of-use assets, equity in and advances to related companies and goodwill. (b) Corporate and other primarily include cash and equivalents and deferred tax assets. Operations by geographic region The following tables present information by geographic area. In 2019, 2018 and 2017, based on the location of services provided and products sold, 51%, 58% and 53%, respectively, of our consolidated revenue was from the United States. As of December 31, 2019 and December 31, 2018, 59% and 62% of our property, plant and equipment was located in the United States. No other country accounted for more than 10% of our revenue or property, plant and equipment during the periods presented.
| Year Ended December 31
Millions of dollars | 2019 | 2018 | 2017
Revenue: |  |  |
North America | $ | 11,884 |  | $ | 14,431 |  | $ | 11,564 |
Latin America | 2,364 |  | 2,065 |  | 2,116 |
Europe/Africa/CIS | 3,285 |  | 2,945 |  | 2,781 |
Middle East/Asia | 4,875 |  | 4,554 |  | 4,159 |
Total | $ | 22,408 |  | $ | 23,995 |  | $ | 20,620 |
| December 31
Millions of dollars | 2019 | 2018
Net property, plant and equipment: |  |
North America | $ | 4,666 |  | $ | 5,621 |
Latin America | 754 |  | 937 |
Europe/Africa/CIS | 772 |  | 936 |
Middle East/Asia | 1,118 |  | 1,379 |
Total | $ | 7,310 |  | $ | 8,873 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration