Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

11.   Segment Information

				(Stated in millions)
	First Quarter 2021						First Quarter 2020
				Income						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Digital & Integration	$	773		$	247		$	885		$	151
Reservoir Performance		1,002			102			1,969			134
Well Construction		1,935			209			2,815			331
Production Systems		1,590			138			1,912			191
Eliminations & other		(77	)		(32	)		(126	)		(31	)
					664						776
Corporate & other (1)					(150	)					(228	)
Interest income (2)					4						15
Interest expense (3)					(132	)					(129	)
Charges and credits (4)					-						(8,523	)
	$	5,223		$	386		$	7,455		$	(8,089	)

⁽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 ($1 million in 2021; $- million in 2020).

^{(3) Interest expense excludes amounts which are included in the segments’ income ($4 million in 2021; $7 million in 2020).}

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

Revenue by geographic area was as follows:

	(Stated in millions)
	First Quarter
	2021		2020
North America	$	972	$	2,180
Latin America		1,038		1,046
Europe/CIS/Africa		1,256		1,752
Middle East & Asia		1,917		2,427
Eliminations & other		40		50
	$	5,223	$	7,455

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

							(Stated in millions)
	First Quarter 2021
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	161		$	610		$	2		$	773
Reservoir Performance		78			922			2			1,002
Well Construction		310			1,577			48			1,935
Production Systems		420			1,161			9			1,590
Eliminations & other		3			(59	)		(21	)		(77	)
	$	972		$	4,211		$	40		$	5,223
	First Quarter 2020
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	152		$	731		$	2		$	885
Reservoir Performance		718			1,249			2			1,969
Well Construction		635			2,124			56			2,815
Production Systems		690			1,203			19			1,912
Eliminations & other		(15	)		(82	)		(29	)		(126	)
	$	2,180		$	5,225		$	50		$	7,455

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both March 31, 2021 and December 31, 2020.  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 $2.7 billion at March 31, 2021, of which approximately 45% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $1.0 billion at March 31, 2021 and $0.9 billion at December 31, 2020.  Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.