Business Segment and Geographic Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Reporting Disclosure

Business Segment 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.

The following table presents information on our business segments.

	Three Months Ended March 31
Millions of dollars	2021		2020
Revenue:
Completion and Production	$	1,870	$	2,962
Drilling and Evaluation	1,581		2,075
Total revenue	$	3,451	$	5,037
Operating income (loss):
Completion and Production	$	252	$	345
Drilling and Evaluation	171		217
Total operations	423		562
Corporate and other (a)	(53)		(60)
Impairments and other charges (b)	—		(1,073)
Total operating income (loss)	$	370	$	(571)
Interest expense, net of interest income	(125)		(134)
Loss on early extinguishment of debt (c)	—		(168)
Other, net	(22)		(23)
Income (loss) before income taxes	$	223	$	(896)

(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 months ended March 31, 2020, amount includes approximately $780 million attributable to Completion and Production, $277 million attributable to Drilling and Evaluation, and $16 million attributable to Corporate and other.

(c) For the three months ended March 31, 2020, amount includes a $168 million loss on extinguishment of debt related to the early repurchase of senior notes.