Long-term Debt and Debt Facility Agreements (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Long-term Debt

Long-term Debt consists of the following:

	(Stated in millions)
	2014		2013
3.30% Senior Notes due 2021	$	1,597	$	1,596
3.65% Senior Notes due 2023		1,495		1,495
2.75% Guaranteed Notes due 2015 (1)		—		1,373
1.95% Senior Notes due 2016		1,100		1,099
4.20% Senior Notes due 2021		1,100		1,099
1.25% Senior Notes due 2017		1,000		999
2.40% Senior Notes due 2022		999		999
1.50% Guaranteed Notes due 2019(1)		628		697
2.65% Senior Notes due 2016 (2)		500		500
Commercial paper borrowings		1,538		—
Other		608		536
	$	10,565	$	10,393

⁽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 outstanding debt that was 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%.

⁽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%.