CONSOLIDATED BALANCE SHEET (USD $) In Millions	Jun. 30, 2011	Dec. 31, 2010
Current Assets
Cash	$ 1,378	$ 1,764
Short-term investments	3,555	3,226
Receivables less allowance for doubtful accounts (2011 - $203; 2010 - $185)	9,356	8,278
Inventories	4,306	3,804
Deferred taxes	190	51
Other current assets	1,157	975
Assets, Current, Total	19,942	18,098
Fixed Income Investments, held to maturity	318	484
Investments in Affiliated Companies	1,217	1,071
Fixed Assets less accumulated depreciation	12,315	12,071
Multiclient Seismic Data	425	394
Goodwill	13,935	13,952
Intangible Assets	4,996	5,162
Other Assets	871	535
Assets, Total	54,019	51,767
Current Liabilities
Accounts payable and accrued liabilities	7,013	6,488
Estimated liability for taxes on income	1,210	1,493
Long-term debt - current portion	2,573	2,214
Short-term borrowings	1,244	381
Dividends payable	336	289
Liabilities, Current, Total	12,376	10,865
Long-term Debt	5,745	5,517
Postretirement Benefits	1,244	1,262
Deferred Taxes	1,488	1,636
Other Liabilities	1,104	1,043
Liabilities, Total	21,957	20,323
Equity
Common stock	12,044	11,920
Treasury stock	(4,417)	(3,136)
Retained earnings	26,815	25,210
Accumulated other comprehensive loss	(2,594)	(2,768)
Schlumberger stockholders' equity	31,848	31,226
Noncontrolling interests	214	218
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total	32,062	31,444
Liabilities and stockholders equity, Total	$ 54,019	$ 51,767

Capitalized costs directly incurred in acquiring and processing of seismic surveys that are licensed on a nonexclusive basis, net of amortization.

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Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.

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