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Charges and Credits (Tables)
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Summary of Charges and Credits

SLB recorded the following charges and credits during 2023:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Charge (Credit)

 

 

Tax Benefit (Expense)

 

 

Noncontrolling Interests

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

$

(36

)

 

$

(8

)

 

$

-

 

 

$

(28

)

Fourth quarter:

 

 

 

 

 

 

 

 

 

 

 

Merger and integration

 

56

 

 

 

8

 

 

 

8

 

 

 

40

 

Currency devaluation loss in Argentina

 

90

 

 

 

-

 

 

 

-

 

 

 

90

 

 

$

110

 

 

$

-

 

 

$

8

 

$

102

 

SLB recorded the following charges and credits during 2022, all of which are classified in Interest & other income, net in the Consolidated Statement of Income:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

Pretax Charge (Credit)

 

 

Tax Benefit (Expense)

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

$

(26

)

 

$

(4

)

 

$

(22

)

Second quarter:

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

 

(215

)

 

 

(14

)

 

 

(201

)

Gain on sale of real estate

 

(43

)

 

 

(2

)

 

 

(41

)

Fourth quarter:

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

 

(84

)

 

 

(19

)

 

 

(65

)

Loss on Blue Chip Swap transactions

 

139

 

 

 

-

 

 

 

139

 

Gain on ADC equity investment

 

(107

)

 

 

(3

)

 

 

(104

)

Gain on repurchase of bonds

 

(11

)

 

 

(2

)

 

 

(9

)

 

$

(347

)

 

$

(44

)

$

(303

)

SLB recorded the following charges and credits during 2021, all of which are classified in Interest & other income, net in the Consolidated Statement of Income:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

Pretax Charge (Credit)

 

 

Tax Benefit (Expense)

 

 

Net

 

Third quarter:

 

 

 

 

 

 

 

 

Unrealized gain on marketable securities

$

(47

)

 

$

(11

)

 

$

(36

)

Fourth quarter:

 

 

 

 

 

 

 

 

Gain on sale of Liberty shares

 

(28

)

 

 

(4

)

 

 

(24

)

Early repayment of bonds

 

10

 

 

 

-

 

 

10

 

 

$

(65

)

 

$

(15

)

$

(50

)