Business Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Information on business segments

The following table presents information on our business segments.

		Three Months Ended March 31
Millions of dollars		2023		2022
Revenue:
Completion and Production		$	3,409	$	2,353
Drilling and Evaluation		2,268		1,931
Total revenue		$	5,677	$	4,284
Operating income:
Completion and Production		$	666	$	296
Drilling and Evaluation		369		294
Total operations		1,035		590
Corporate and other (a)		(58)		(57)
Impairments and other charges (b)		—		(22)
Total operating income		$	977	$	511
Interest expense, net of interest income		(79)		(107)
Loss on early extinguishment of debt		—		(42)
Other, net		(69)		(30)
Income before income taxes		$	829	$	332
(a)	Includes certain expenses not attributable to a business segment, such as costs related to support functions, corporate executives, and operating lease assets, and also includes amortization expense associated with intangible assets recorded as a result of acquisitions.
(b)	For the three months ended March 31, 2022, the amount includes a $6 million charge attributable to Completions and Production, a $17 million charge attributable to Drilling and Evaluation, and a $1 million gain attributable to Corporate and other.