XML 34 R10.htm IDEA: XBRL DOCUMENT
v3.20.4

Business Segment and Geographic Information | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
Business Segment and Geographic Information | Business Segment and Geographic InformationWe 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. 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 | 2020 | 2019 | 2018
Revenue: |  |  |
Completion and Production | $ | 7,839 |  | $ | 14,031 |  | $ | 15,973 |
Drilling and Evaluation | 6,606 |  | 8,377 |  | 8,022 |
Total revenue | $ | 14,445 |  | $ | 22,408 |  | $ | 23,995 |
Operating income: |  |  |
Completion and Production | $ | 995 |  | $ | 1,671 |  | $ | 2,278 |
Drilling and Evaluation | 569 |  | 642 |  | 745 |
Total operations | 1,564 |  | 2,313 |  | 3,023 |
Corporate and other (a) | (201) |  | (255) |  | (291) |
Impairments and other charges (b) | (3,799) |  | (2,506) |  | (265) |
Total operating income (loss) | $ | (2,436) |  | $ | (448) |  | $ | 2,467 |
Interest expense, net of interest income | $ | (505) |  | $ | (569) |  | $ | (554) |
Loss on early extinguishment of debt | (168) |  | — |  | — |
Other, net | (111) |  | (105) |  | (99) |
Income (loss) before income taxes | $ | (3,220) |  | $ | (1,122) |  | $ | 1,814 |
Capital expenditures: |  |  |
Completion and Production | $ | 314 |  | $ | 800 |  | $ | 1,364 |
Drilling and Evaluation | 410 |  | 728 |  | 657 |
Corporate and other | 4 |  | 2 |  | 5 |
Total | $ | 728 |  | $ | 1,530 |  | $ | 2,026 |
Depreciation, depletion and amortization: |  |  |
Completion and Production | $ | 615 |  | $ | 1,049 |  | $ | 1,058 |
Drilling and Evaluation | 430 |  | 552 |  | 512 |
Corporate and other | 13 |  | 24 |  | 36 |
Total | $ | 1,058 |  | $ | 1,625 |  | $ | 1,606 |
(a) Includes certain expenses not attributable to a 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, 2020, amount includes approximately $2.4 billion attributable to Completion and Production, $1.4 billion attributable to Drilling and Evaluation, and $62 million attributable to Corporate and other. -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, we recorded aggregate charges of $265 million to write-down our investment in Venezuela.
| December 31
Millions of dollars | 2020 | 2019
Total assets: |  |
Completion and Production (a) | $ | 7,924 |  | $ | 11,894 |
Drilling and Evaluation (a) | 6,371 |  | 8,059 |
Corporate and other (b) | 6,385 |  | 5,424 |
Total | $ | 20,680 |  | $ | 25,377 |
(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 2020, 2019, and 2018, based on the location of services provided and products sold, 38%, 51%, and 58%, respectively, of our consolidated revenue was from the United States. No other country accounted for more than 10% of our revenue or property, plant, and equipment during the periods presented. As of December 31, 2020 and December 31, 2019, 49% and 59% of our property, plant, and equipment was located in the United States.
| Year Ended December 31
Millions of dollars | 2020 | 2019 | 2018
Revenue: |  |  |
North America | $ | 5,731 |  | $ | 11,884 |  | $ | 14,431 |
Latin America | 1,668 |  | 2,364 |  | 2,065 |
Europe/Africa/CIS | 2,813 |  | 3,285 |  | 2,945 |
Middle East/Asia | 4,233 |  | 4,875 |  | 4,554 |
Total | $ | 14,445 |  | $ | 22,408 |  | $ | 23,995 |
| December 31
Millions of dollars | 2020 | 2019
Net property, plant and equipment: |  |
North America | $ | 2,211 |  | $ | 4,666 |
Latin America | 544 |  | 754 |
Europe/Africa/CIS | 602 |  | 772 |
Middle East/Asia | 968 |  | 1,118 |
Total | $ | 4,325 |  | $ | 7,310 |

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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -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