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Business Segment and Geographic Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segment and Geographic Information Business Segment and Geographic Information
We 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.

Operations by business segment
The following tables present financial information on our business segments.
Year Ended December 31
Millions of dollars202120202019
Revenue:
Completion and Production$8,410 $7,839 $14,031 
Drilling and Evaluation6,885 6,606 8,377 
Total revenue$15,295 $14,445 $22,408 
Operating income:
Completion and Production$1,238 $995 $1,671 
Drilling and Evaluation801 569 642 
Total operations2,039 1,564 2,313 
Corporate and other (a)(227)(201)(255)
Impairments and other charges (b)(12)(3,799)(2,506)
Total operating income (loss)$1,800 $(2,436)$(448)
Interest expense, net of interest income$(469)$(505)$(569)
Loss on early extinguishment of debt— (168)— 
Other, net(79)(111)(105)
Income (loss) before income taxes$1,252 $(3,220)$(1,122)
Capital expenditures:
Completion and Production$402 $314 $800 
Drilling and Evaluation392 410 728 
Corporate and other5 4 2 
Total$799 $728 $1,530 
Depreciation, depletion, and amortization:
Completion and Production$502 $615 $1,049 
Drilling and Evaluation388 430 552 
Corporate and other14 13 24 
Total$904 $1,058 $1,625 
(a)Includes certain expenses not attributable to a 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, 2021, amount includes approximately $42 million attributable to Completion and Production, $9 million attributable to Drilling and Evaluation, and a $39 million net gain attributable to Corporate and other.
-For the year ended December 31, 2020, amount includes approximately $2.4 billion attributable to Completion and Production, $1.4 billion attributable to Drilling and Evaluation, and $62 million attributable to Corporate and other.
-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.
December 31
Millions of dollars20212020
Total assets:
Completion and Production (a)$8,186 $7,924 
Drilling and Evaluation (a)6,606 6,371 
Corporate and other (b)7,529 6,385 
Total$22,321 $20,680 
(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)
Includes primarily cash and equivalents and deferred tax assets.

Operations by geographic region
The following tables present information by geographic area. In 2021, 2020, and 2019, based on the location of services provided and products sold, 40%, 38%, and 51%, respectively, of our consolidated revenue was from the United States. No other country accounted for more than 10% of our revenue or property, plant, and equipment during the periods presented. As of December 31, 2021 and December 31, 2020, 50% and 49% of our property, plant, and equipment was located in the United States.
Year Ended December 31
Millions of dollars202120202019
Revenue:
North America$6,371 $5,731 $11,884 
Latin America2,362 1,668 2,364 
Europe/Africa/CIS2,719 2,813 3,285 
Middle East/Asia3,843 4,233 4,875 
Total$15,295 $14,445 $22,408 
December 31
Millions of dollars20212020
Net property, plant, and equipment:
North America$2,238 $2,211 
Latin America510 544 
Europe/Africa/CIS584 602 
Middle East/Asia994 968 
Total$4,326 $4,325