Charges and Credits (Tables)

9 Months Ended

Sep. 30, 2020

Restructuring And Related Activities [Abstract]

Summary of Charges and Credits

Schlumberger recorded the following charges and credits during 2020, all of which are classified in Impairments & other in the Consolidated Statement of Loss:

	(Stated in millions)
	Pretax			Tax			Net
First quarter:
Goodwill	$	3,070		$	-		$	3,070
Intangible asset impairments		3,321			(815	)		2,506
Asset Performance Solutions investments		1,264			4			1,268
North America pressure pumping impairment		587			(133	)		454
Workforce reductions		202			(7	)		195
Other		79			(9	)		70
Valuation allowance		-			164			164
Second quarter:
Workforce reductions		1,021			(71	)		950
Asset Performance Solutions investments		730			(15	)		715
Fixed asset impairments		666			(52	)		614
Inventory write-downs		603			(49	)		554
Right-of-use asset impairments		311			(67	)		244
Costs associated with exiting certain activities		205			25			230
Multiclient seismic data impairment		156			(2	)		154
Repurchase of bonds		40			(2	)		38
Postretirement benefits curtailment gain		(69	)		16			(53	)
Other		60			(4	)		56
Third quarter:
Facility exit charges		254			(39	)		215
Workforce reductions		63			-			63
Other		33			(1	)		32
	$	12,596		$	(1,057	)	$	11,539

In connection with the preparation of its third quarter 2019 financial statements, Schlumberger recorded the following charges, all of which are classified as Impairments & other in the Consolidated Statement of Loss:

	(Stated in millions)
	Pretax		Tax			Net
Goodwill	$	8,828	$	(43	)	$	8,785
Intangible assets		1,085		(248	)		837
North America pressure pumping		1,575		(344	)		1,231
Other North America-related		310		(53	)		257
Argentina		127		-			127
Equity-method investments		231		(12	)		219
Asset Performance Solutions investments		294		-			294
Other		242		(13	)		229
	$	12,692	$	(713	)	$	11,979