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Business Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Information on business segments | 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.
Reconciliation of assets from segment to consolidated |
| 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.
Schedule of revenue from external customers and long-lived assets, by geographical areas |
| 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 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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