Segment Information

12 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 11. SEGMENT INFORMATION

We conduct our business primarily through operating segments that are aligned with our geographic regions, which have been aggregated into the following five reportable segments:

• North America (U.S. Land, Gulf of Mexico and Canada)

• Latin America

• Europe/Africa/Russia Caspian

• Middle East/Asia Pacific

• Industrial Services and Other

We aggregate our operating segments within each reportable segment, as they have similar economic characteristics and because the long-term financial performance of the segments is affected by similar economic conditions. The performance of our operating segments is evaluated based on profit before tax, which is defined as income before the following: income taxes, net interest expense, corporate expenses, and certain gains and losses not allocated to the segments. For 2011, our operating segment profit includes the charge of $315 million related to the impairment of trade names. For further discussion of the trade name impairments and breakdown by reportable segment, see Note 8. Goodwill and Intangible Assets.

Summarized financial information is shown in the following table.

	2011					2010					2009
Segments	Revenue		Profit (Loss)			Revenue		Profit (Loss)			Revenue		Profit (Loss)
North America	$	10,257	$	1,929		$	6,621	$	1,163		$	3,165	$	201
Latin America		2,183		227			1,569		74			1,094		78
Europe/Africa/Russia Caspian		3,325		342			3,006		260			2,774		458
Middle East/Asia Pacific		2,820		321			2,247		177			1,937		241
Industrial Services and Other		1,246		53			971		99			694		70
Total Operations		19,831		2,872			14,414		1,773			9,664		1,048
Corporate and Other		-		(533	)		-		(491	)		-		(437	)
Total	$	19,831	$	2,339		$	14,414	$	1,282		$	9,664	$	611

The following table presents the details of “Corporate and Other” segment loss for the years ended December 31:

	2011			2010			2009
Corporate and other expenses	$	(272	)	$	(222	)	$	(298	)
Interest expense, net		(221	)		(141	)		(125	)
Loss on early extinguishment of debt		(40	)		-			-
Gain on investments		-			6			4
Acquisition-related costs		-			(134	)		(18	)
Total	$	(533	)	$	(491	)	$	(437	)

The following tables present capital expenditures and depreciation and amortization by segment for the years ended December 31 and total assets by segment at December 31:

	2011				2010				2009
Segments	Capital Expenditures		Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization		Capital Expenditures		Depreciation and Amortization
North America	$	1,242	$	622	$	589	$	432	$	275	$	255
Latin America		274		201		191		173		182		110
Europe/Africa/Russia Caspian		357		234		318		230		246		175
Middle East/Asia Pacific		228		206		208		187		185		143
Industrial Services and Other		326		56		179		44		196		17
Total Operations		2,427		1,319		1,485		1,066		1,084		700
Corporate and Other		34		2		6		3		2		11
Total	$	2,461	$	1,321	$	1,491	$	1,069	$	1,086	$	711

Total Assets	2011		2010		2009
North America	$	9,796	$	8,187	$	2,596
Latin America		2,727		2,723		1,168
Europe/Africa/Russia Caspian		3,819		3,544		2,248
Middle East/Asia Pacific		3,299		3,130		1,731
Industrial Services and Other		4,294		3,642		2,127
Total Operations		23,935		21,226		9,870
Corporate and Other		912		1,760		1,569
Total	$	24,847	$	22,986	$	11,439

Assets of our supply chain and products and technology enterprise organizations are included in the Industrial Services and Other segment. Certain assets carried at the enterprise level that benefit the operating segments are allocated to the segments.

The following table presents the details of “Corporate and Other” total assets at December 31:

	2011		2010		2009
Cash and other assets	$	547	$	1,391	$	1,266
Accounts receivable		28		28		17
Current deferred tax asset		-		-		1
Property, plant and equipment		82		63		10
Other noncurrent assets		255		278		275
Total	$	912	$	1,760	$	1,569

The following tables present geographic consolidated revenue and consolidated revenue for each group of similar products and services for the years ended December 31:

	2011		2010		2009
United States	$	9,131	$	6,043	$	3,091
Canada and other		1,768		1,186		493
North America		10,899		7,229		3,584
Latin America		2,220		1,583		1,134
Europe/Africa/Russia Caspian		3,671		3,218		2,925
Middle East/Asia Pacific		3,041		2,384		2,021
Total	$	19,831	$	14,414	$	9,664
	2011		2010		2009
Completion and Production	$	12,464	$	8,547	$	4,454
Drilling and Evaluation		6,121		4,896		4,516
Industrial Services and Other		1,246		971		694
Total	$	19,831	$	14,414	$	9,664

The following table presents net property, plant and equipment by its geographic location at December 31:

	2011		2010		2009
United States	$	3,752	$	3,023	$	1,377
Canada and other		529		467		105
North America		4,281		3,490		1,482
Latin America		891		788		354
Europe/Africa/Russia Caspian		1,325		1,118		809
Middle East/Asia Pacific		918		914		516
Total	$	7,415	$	6,310	$	3,161