Business Segment and Geographic Information (Tables)

12 Months Ended

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