Long-term Debt and Debt Facility Agreements (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Long-term Debt

Long-term Debt consists of the following:

(Stated in millions)
	2015		2014
4.00% Senior Notes due 2025(1)......................................	$	1,741	$	-
3.30% Senior Notes due 2021.........................................		1,597		1,597
3.00% Senior Notes due 2020(1)......................................		1,591		-
3.65% Senior Notes due 2023.........................................		1,496		1,495
2.35% Senior Notes due 2018(1)......................................		1,297		-
4.20% Senior Notes due 2021.........................................		1,100		1,100
1.25% Senior Notes due 2017.........................................		1,000		1,000
2.40% Senior Notes due 2022.........................................		999		999
3.63% Senior Notes due 2022(1)......................................		845		-
1.50% Guaranteed Notes due 2019(2)...................................		566		628
1.90% Senior Notes due 2017(1)......................................		499		-
1.95% Senior Notes due 2016.........................................		-		1,100
2.65% Senior Notes due 2016(3)......................................		-		500
Commercial paper borrowings........................................		1,000		1,538
Other.........................................................		711		608
	$	14,442	$	10,565

(1)If the closing of the Cameron merger does not occur on or prior to August 25, 2016 (which may be extended to November 25, 2016 under certain circumstances) or if the Cameron merger agreement is terminated at any time prior thereto, these notes will be subject to a special mandatory redemption. The special mandatory redemption price will be equal to 101% of the aggregate principal amount of the notes that are redeemed, plus accrued and unpaid interest.

(2)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. Schlumberger issued €0.5 billion 1.50% Guaranteed Notes due 2019under this program 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.

(3)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 at a rate of 2.39%.