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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
Our reportable segments, which are the same as our operating segments, are organized based on the nature of markets and customers. We report our operating results through our four operating segments that consist of similar products and services within each segment as described below.
OILFIELD SERVICES (OFS)
Oilfield Services provides products and services for onshore and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. Products and services include diamond and tri-cone drill bits, drilling services, including directional drilling technology, measurement while drilling & logging while drilling, downhole completion tools and systems, wellbore intervention tools and services, wireline services, drilling and completions fluids, oilfield and industrial chemicals, pressure pumping, and artificial lift technologies, including electrical submersible pumps.
OILFIELD EQUIPMENT (OFE)
Oilfield Equipment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the wellhead to the production facilities. The Oilfield Equipment portfolio has solutions for the subsea, offshore surface, and onshore operating environments. Products and services include subsea and surface pressure control and production systems and services, capital drilling equipment and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions including well intervention, covering the entire life cycle of a field.
TURBOMACHINERY & PROCESS SOLUTIONS (TPS)
Turbomachinery & Process Solutions provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry as well as products and services to serve the downstream segments of the industry including refining, petrochemical, distributed gas, flow and process control and other industrial applications.  The Turbomachinery & Process Solutions portfolio includes drivers (aero-derivative gas turbines, heavy-duty gas turbines and synchronous and induction electric motors), compressors (centrifugal and axial, direct drive high speed, integrated, subsea compressors, turbo expanders and reciprocating), turn-key solutions (industrial modules and waste heat recovery), pumps, valves, and compressed natural gas (CNG) and small-scale liquefied natural gas (LNG) solutions used primarily for shale oil and gas field development.
DIGITAL SOLUTIONS (DS)
Digital Solutions provides equipment, software, and services for a wide range of industries, including oil & gas, power generation, aerospace, metals, and transportation. The offerings include sensor-based process measurement, non-destructive testing and inspection, turbine, generator and plant controls and condition monitoring, as well as pipeline integrity solutions.
SEGMENT RESULTS
Segment revenue and profit are determined based on the internal performance measures used by the Company to assess the performance of each segment in a financial period. Summarized financial information is shown in the following tables. Consistent accounting policies have been applied by all segments within the Company, for all reporting periods.
Three Months Ended June 30,Six Months Ended June 30,
Segment revenue2021202020212020
Oilfield Services$2,358 $2,411 $4,558 $5,550 
Oilfield Equipment637 696 1,264 1,407 
Turbomachinery & Process Solutions1,628 1,161 3,113 2,246 
Digital Solutions520 468 989 957 
Total$5,142 $4,736 $9,924 $10,160 
The performance of our operating segments is evaluated based on segment operating income (loss), which is defined as income (loss) before income taxes before the following: net interest expense, net other non-operating income (loss), corporate expenses, restructuring, impairment and other charges, inventory impairments, separation related costs, goodwill impairments and certain gains and losses not allocated to the operating segments.
Three Months Ended June 30,Six Months Ended June 30,
Segment income (loss) before income taxes2021202020212020
Oilfield Services$171 $46 $315 $252 
Oilfield Equipment28 (14)32 (23)
Turbomachinery & Process Solutions220 149 427 283 
Digital Solutions25 41 49 71 
Total segment444 221 824 583 
Corporate(111)(117)(219)(239)
Goodwill impairment— — — (14,717)
Inventory impairment (1)
— (16)— (176)
Restructuring, impairment and other(125)(103)(205)(1,429)
Separation related(15)(37)(42)(77)
Other non-operating loss, net(63)(244)(689)(219)
Interest expense, net(65)(69)(138)(128)
Income (loss) before income taxes$66 $(365)$(469)$(16,402)
(1)Charges for inventory impairments are predominantly reported in the "Cost of goods sold" caption of the condensed consolidated statements of income (loss).
The following table presents depreciation and amortization by segment:
Three Months Ended June 30,Six Months Ended June 30,
Segment depreciation and amortization2021202020212020
Oilfield Services$195 $248 $396 $497 
Oilfield Equipment26 34 58 78 
Turbomachinery & Process Solutions
30 27 60 55 
Digital Solutions
22 24 43 49 
Total segment273 333 558 680 
Corporate5 7 12 15 
Total$278 $340 $570 $694