XML 58 R22.htm IDEA: XBRL DOCUMENT v3.19.3
Business Segment and Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Information on business segments
The following table presents information on our business segments.
 
Three Months Ended
September 30
Nine Months Ended
September 30
Millions of dollars
2019
2018
2019
2018
Revenue:
 
 
 
 
Completion and Production
$
3,506

$
4,170

$
10,973

$
12,141

Drilling and Evaluation
2,044

2,002

6,244

5,918

Total revenue
$
5,550

$
6,172

$
17,217

$
18,059

Operating income:
 
 
 
 
Completion and Production
$
446

$
613

$
1,284

$
1,782

Drilling and Evaluation
150

181

418

560

Total operations
596

794

1,702

2,342

Corporate and other (a)
(60
)
(78
)
(190
)
(218
)
Impairments and other charges (b)
—

—

(308
)
(265
)
Total operating income
$
536

$
716

$
1,204

$
1,859

Interest expense, net of interest income
(141
)
(140
)
(428
)
(417
)
Other, net
(23
)
(42
)
(61
)
(86
)
Income before income taxes
$
372

$
534

$
715

$
1,356


(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) For the nine months ended September 30, 2019, amount includes $127 million attributable to Completion and Production, $153 million attributable to Drilling and Evaluation, and $28 million attributable to Corporate and other. During the nine months ended September 30, 2018, we recognized a pre-tax charge of $265 million related to a write-down of all of our remaining investment in Venezuela. See Note 2 for further discussion on these impairments and other charges. There were no such impairments and other charges recorded during the three months ended September 30, 2019 or 2018.