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Long-term Debt and Debt Facility Agreements
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Long-term Debt and Debt Facility Agreements

9. Long-term Debt and Debt Facility Agreements

Long-term Debt consists of the following:

(Stated in millions)

 

 

 

 

 

 

 

 

2024

 

 

2023

 

3.90% Senior Notes due 2028

$

1,478

 

$

1,469

 

2.65% Senior Notes due 2030

 

1,250

 

 

 

1,250

 

1.375% Guaranteed Notes due 2026

 

1,040

 

 

 

1,104

 

2.00% Guaranteed Notes due 2032

 

1,034

 

 

 

1,098

 

0.25% Notes due 2027

 

936

 

 

 

994

 

0.50% Notes due 2031

 

935

 

 

 

992

 

4.30% Senior Notes due 2029

 

848

 

 

847

 

1.00% Guaranteed Notes due 2026

 

624

 

 

662

 

4.85% Senior Notes due 2033

 

498

 

 

 

497

 

4.50% Senior Notes due 2028

 

497

 

 

 

497

 

5.00% Senior Notes due 2027

 

495

 

 

 

-

 

5.00% Senior Notes due 2029

 

493

 

 

 

-

 

5.00% Senior Notes due 2034

 

489

 

 

 

-

 

7.00% Notes due 2038

 

197

 

 

200

 

5.95% Notes due 2041

 

111

 

 

112

 

5.13% Notes due 2043

 

98

 

 

 

98

 

4.00% Senior Notes due 2025

 

-

 

 

523

 

1.40% Senior Notes due 2025

 

-

 

 

 

499

 

Other

 

-

 

 

-

 

$

11,023

 

$

10,842

 

 

Long-term Debt as of December 31, 2024 is due as follows: $1.7 billion in 2026, $1.4 billion in 2027, $2.0 billion in 2028, $1.3 billion in 2029, $1.3 billion in 2030 and $3.3 billion thereafter.

 

The estimated fair value of SLB’s Long-term Debt at December 31, 2024 and December 31, 2023 was $10.4 billion and $10.2 billion, respectively, and was estimated based on quoted market prices.

 

At December 31, 2024, SLB had committed credit facility agreements with commercial banks aggregating $5.0 billion, of which $2.0 billion matures in February 2028 and $3.0 billion matures in December 2029. These committed facilities support commercial paper programs in the United States and Europe. There were no borrowings under these facilities at December 31, 2024 and 2023.

 

Commercial paper borrowings are classified as long-term debt to the extent they are backed up by available and unused committed credit facilities maturing in more than one year and to the extent it is SLB’s intent to maintain these obligations for longer than one year. There were no borrowings under the commercial paper programs at December 31, 2024 and 2023.

 

Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment SA and Schlumberger Finance Canada Ltd., both indirect wholly-owned subsidiaries of Schlumberger Limited.