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Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

					(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

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

Summary of North America and International Revenue Disaggregated by Segment

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