XML 34 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Business Segment and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Information on business segments The following table presents information on our business segments.
 
Three Months Ended
March 31
Millions of dollars
2019
2018
Revenue:
 
 
Completion and Production
$
3,662

$
3,807

Drilling and Evaluation
2,075

1,933

Total revenue
$
5,737

$
5,740

Operating income:
 
 
Completion and Production
$
368

$
500

Drilling and Evaluation
123

188

Total operations
491

688

Corporate and other (a)
(65
)
(69
)
Impairments and other charges (b)
(61
)
(265
)
Total operating income
$
365

$
354

Interest expense, net of interest income
(143
)
(140
)
Other, net
(30
)
(25
)
Income from continuing operations before income taxes
$
192

$
189


(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) During the three months ended March 31, 2019, we recorded $61 million of impairments and other charges, primarily relating to an impairment of fixed assets. See Note 2 for further information. During the three months ended March 31, 2018, we recognized a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela.