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Charges and Credits (Tables)
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Summary of Charges and Credits

SLB recorded the following charges and credits during 2024:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Charge (Credit)

 

 

Tax Benefit (Expense)

 

 

Noncontrolling Interest

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

 

 

 

Merger & integration

$

25

 

 

$

6

 

 

$

5

 

 

$

14

 

Second quarter:

 

 

 

 

 

 

 

 

 

 

 

Workforce reductions

 

111

 

 

 

17

 

 

 

-

 

 

 

94

 

Merger & integration

 

31

 

 

 

5

 

 

 

8

 

 

 

18

 

Third quarter

 

 

 

 

 

 

 

 

 

 

-

 

Workforce reductions

 

65

 

 

 

10

 

 

 

-

 

 

 

55

 

Merger & integration

 

47

 

 

 

10

 

 

 

7

 

 

 

30

 

Fourth quarter

 

 

 

 

 

 

 

 

 

 

-

 

Asset impairments

 

162

 

 

 

23

 

 

 

-

 

 

 

139

 

Merger & integration

 

63

 

 

 

6

 

 

 

7

 

 

 

50

 

Workforce reductions

 

61

 

 

 

10

 

 

 

-

 

 

 

51

 

Gain on sale of investment

 

(24

)

 

 

-

 

 

-

 

 

(24

)

 

$

541

 

 

$

87

 

$

27

 

$

427

 

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

)