XML 33 R19.htm IDEA: XBRL DOCUMENT
v3.22.2

Business Segment and Geographic Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Segment Reporting [Abstract] |
Information on business segments | The following table presents information on our business segments.
|  | Three Months Ended June 30 | Six Months Ended June 30
Millions of dollars | 2022 | 2021 | 2022 | 2021
Revenue: |  |  |  |
Completion and Production | $ | 2,911 |  | $ | 2,048 |  | $ | 5,264 |  | $ | 3,918 |
Drilling and Evaluation | 2,163 |  | 1,659 |  | 4,094 |  | 3,240 |
Total revenue | $ | 5,074 |  | $ | 3,707 |  | $ | 9,358 |  | $ | 7,158 |
Operating income: |  |  |  |
Completion and Production | $ | 499 |  | $ | 317 |  | $ | 795 |  | $ | 569 |
Drilling and Evaluation | 286 |  | 175 |  | 580 |  | 346 |
Total operations | 785 |  | 492 |  | 1,375 |  | 915 |
Corporate and other (a) | (67) |  | (58) |  | (124) |  | (111) |
Impairments and other charges (b) | (344) |  | — |  | (366) |  | — |
Total operating income | $ | 374 |  | $ | 434 |  | $ | 885 |  | $ | 804 |
Interest expense, net of interest income | (101) |  | (120) |  | (208) |  | (245) |
Loss on early extinguishment of debt (c) | — |  | — |  | (42) |  | — |
Other, net | (42) |  | (19) |  | (72) |  | (41) |
Income before income taxes | $ | 231 |  | $ | 295 |  | $ | 563 |  | $ | 518 |
(a) | Includes certain expenses not attributable to a business segment, such as costs related to support functions and corporate executives, and also includes amortization expense associated with intangible assets recorded as a result of acquisitions.
(b) | For the three and six months ended June 30, 2022 respectively, the amounts include $131 million and $136 million charges attributable to Completions and Production, and $178 million and $195 million charges attributable to Drilling and Evaluation, and a $35 million charge attributable to Corporate and other for both periods.
(c) | For the six months ended June 30, 2022, amount consists of a $42 million loss on the early redemption of senior notes.

X
- 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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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