Charges and Credits

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Charges and Credits

2. Charges and Credits

2025

During the second quarter of 2024, SLB started a program to realign and optimize its support and service delivery structure in certain parts of its organization. As a result, SLB recorded severance charges of $158 million during the first quarter of 2025. These costs are classified in Restructuring in the Consolidated Statement of Income. SLB may record additional charges related to workforce reductions in 2025 as it aligns its resources with activity levels.

During the first quarter of 2025, in connection with the pending ChampionX transaction and the October 2023 acquisition of the Aker Solutions subsea business, SLB recorded $48 million of charges related to merger and integration-related costs. These costs are classified in Merger & integration in the Consolidated Statement of Income.

	(Stated in millions)
					Noncontrolling
	Pretax Charge		Tax Benefit		Interests		Net
Workforce reductions	$	158	$	10	$	-	$	148
Merger and integration-related		48		1		4		43
	$	206	$	11	$	4	$	191

2024

In connection with SLB's October 2023 acquisition of the Aker Solutions subsea business, SLB recorded $25 million of pretax charges during the first quarter of 2024 consisting of: $14 million relating to the amortization of purchase accounting adjustments associated with the write-up of acquired inventories to its estimated fair value and $11 million of other merger and integration-related costs. $14 million of these costs are classified in Cost of sales in the Consolidated Statement of Income, with the remaining $11 million classified in Merger & integration.

	(Stated in millions)
					Noncontrolling
	Pretax Charge		Tax Benefit		Interests		Net
Merger and integration-related	$	25	$	6	$	5	$	14