Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

14.   Segment Information

				(Stated in millions)
	Second Quarter 2016						Second Quarter 2015
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	1,593		$	266		$	2,510		$	655
Drilling		2,034			171			3,469			672
Production		2,099			90			3,059			397
Cameron		1,536			243			-			-
Eliminations & other		(98	)		(23	)		(28	)		(16	)
Pretax operating income					747						1,708
Corporate & other (1)					(241	)					(199	)
Interest income (2)					24						6
Interest expense (3)					(136	)					(79	)
Charges and credits (4)					(2,908	)					-
	$	7,164		$	(2,514	)	$	9,010		$	1,436

⁽¹⁾ Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets (including intangible asset amortization expense resulting from the acquisition of Cameron), certain centrally managed initiatives and other nonoperating items.

⁽²⁾  Interest income excludes amounts which are included in the segments’ income ($6 million in 2016; $6 million in 2015).

⁽³⁾   Interest expense excludes amounts which are included in the segments’ income ($13 million in 2016; $7 million in 2015).

⁽⁴⁾   See Note 2 – Charges and Credits.

				(Stated in millions)
	Six Months 2016						Six Months 2015
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	3,339		$	597		$	5,165		$	1,327
Drilling		4,527			542			7,391			1,450
Production		4,447			298			6,764			941
Cameron		1,536			243			-			-
Eliminations & other		(165	)		(32	)		(62	)		(17	)
Pretax operating income					1,648						3,701
Corporate & other (1)					(413	)					(390	)
Interest income (2)					37						14
Interest expense (3)					(256	)					(156	)
Charges and credits (4)					(2,908	)					(439	)
	$	13,684		$	(1,892	)	$	19,258		$	2,730

⁽¹⁾ Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets (including intangible asset amortization expense resulting from the acquisition of Cameron), certain centrally managed initiatives and other nonoperating items.

⁽²⁾  Interest income excludes amounts which are included in the segments’ income ($12 million in 2016; $11 million in 2015).

⁽³⁾   Interest expense excludes amounts which are included in the segments’ income ($26 million in 2016; $12 million in 2015).

⁽⁴⁾   See Note 2 – Charges and Credits.