Long-term Debt and Debt Facility Agreements (Tables)

12 Months Ended

Dec. 31, 2013

Long-term Debt

Long-term Debt consists of the following:

	(Stated in millions)
	2013		2012
3.30% Senior Notes due 2021	$	1,596	$	1,595
3.65% Senior Notes due 2023		1,495		—
4.50% Guaranteed Notes due 2014 (1)		—		1,324
2.75% Guaranteed Notes due 2015 (1)		1,373		1,318
1.95% Senior Notes due 2016		1,099		1,099
4.20% Senior Notes due 2021		1,099		1,099
1.25% Senior Notes due 2017		999		999
2.40% Senior Notes due 2022		999		998
1.50% Guaranteed Notes due 2019(1)		697		—
2.65% Senior Notes due 2016 (2)		500		500
Floating Rate Senior Notes due 2014 (3)		—		300
Other		536		277
	$	10,393	$	9,509

⁽¹⁾ Schlumberger maintains a €5.0 billion Guaranteed Euro Medium Term Note program that provides for the issuance of various types of debt instruments such as fixed or floating rate notes in euro, US dollar or other currencies. The following is a summary of debt issued under this program:

· Schlumberger issued €0.5 billion 1.50% Guaranteed Notes due 2019 in the fourth quarter of 2013.  Schlumberger entered into agreements to swap these euro notes for US dollars on the date of issue until maturity, effectively making this a US dollar denominated debt on which Schlumberger will pay interest in US dollars at a rate equal to three-month LIBOR plus approximately 64 basis points.

· Schlumberger issued €1.0 billion 2.75% Guaranteed Notes due 2015 in the fourth quarter of 2010. Schlumberger entered into agreements to swap these euro notes for US dollars on the date of issue until maturity, effectively making this a US dollar denominated debt on which Schlumberger will pay interest in US dollars at a rate of 2.56%.

· Schlumberger issued €1.0 billion 4.50% Guaranteed Notes due 2014 in the first quarter of 2009, Schlumberger entered into agreements to swap these euro notes for US dollars on the date of issue until maturity, effectively making this a US dollar denominated debt on which Schlumberger will pay interest in US dollars at a rate of 4.95%.

⁽²⁾ Schlumberger entered into agreements to swap these dollar notes for euros on the date of issue until maturity, effectively making this a euro-denominated debt on which Schlumberger pays interest in euros at a rate of 2.39%.

⁽³⁾ These notes bear interest at a rate equal to three-month LIBOR plus 55 basis points per year.