Segment Information

3 Months Ended

Mar. 31, 2020

11. Segment Information

				(Stated in millions)

	First Quarter 2020						First Quarter 2019
				Income (Loss)						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	1,311		$	184		$	1,459		$	281
Drilling		2,291			285			2,387			307
Production		2,703			212			2,890			217
Cameron		1,254			121			1,259			148
Eliminations & other		(104	)		(26	)		(116	)		(45	)
					776						908
Corporate & other ⁽¹⁾					(228	)					(273	)
Interest income ⁽²⁾					15						10
Interest expense ⁽³⁾					(129	)					(136	)
Charges and credits ⁽⁴⁾					(8,523	)					-
	$	7,455		$	(8,089	)	$	7,879		$	509

Certain prior period amounts have been reclassified to conform to the current period presentation.

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

⁽²⁾	Interest income excludes amounts which are included in the segments’ income ($- million in 2020; $1 million in 2019).

⁽³⁾	^{Interest expense excludes amounts which are included in the segments’ income ($7 million in 2020; $11 million in 2019).}

⁽⁴⁾	^{See Note 2 – Charges and Credits.}

Revenue by geographic area was as follows:

	(Stated in millions)

	First Quarter
	2020		2019
North America	$	2,279	$	2,738
Latin America		945		992
Europe/CIS/Africa		1,751		1,707
Middle East & Asia		2,425		2,338
Eliminations & other		55		104
	$	7,455	$	7,879

North America and International revenue disaggregated by segment was as follows:

							(Stated in millions)

	First Quarter 2020
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	199		$	1,107		$	5		$	1,311
Drilling		524			1,722			45			2,291
Production		1,066			1,637			-			2,703
Cameron		506			726			22			1,254
Other		(16	)		(71	)		(17	)		(104	)
	$	2,279		$	5,121		$	55		$	7,455


	First Quarter 2019
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	216		$	1,239		$	4		$	1,459
Drilling		578			1,755			54			2,387
Production		1,373			1,516			1			2,890
Cameron		581			621			57			1,259
Other		(10	)		(94	)		(12	)		(116	)
	$	2,738		$	5,037		$	104		$	7,879

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both March 31, 2020 and December 31, 2019. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet.

Due to the nature of its business, Schlumberger does not have significant backlog. Total backlog was $3.0 billion at March 31, 2020, of which approximately 50% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $1.1 billion at March 31, 2020 and $0.9 billion at December 31, 2019. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.