Segment Information

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information

10.   Segment Information

				(Stated in millions)
	Second Quarter 2021						Second Quarter 2020
				Income						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Digital & Integration	$	817		$	274		$	619		$	108
Reservoir Performance		1,117			156			1,170			22
Well Construction		2,110			272			2,089			180
Production Systems		1,681			171			1,557			145
Eliminations & other		(91	)		(66	)		(79	)		(59	)
					807						396
Corporate & other (1)					(138	)					(169	)
Interest income (2)					5						7
Interest expense (3)					(132	)					(137	)
Charges and credits (4)					-						(3,724	)
	$	5,634		$	542		$	5,356		$	(3,627	)

⁽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.}

				(Stated in millions)
	Six Months 2021						Six Months 2020
				Income						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Digital & Integration	$	1,590		$	521		$	1,503		$	259
Reservoir Performance		2,119			258			3,139			156
Well Construction		4,045			482			4,904			511
Production Systems		3,271			309			3,469			336
Eliminations & other		(168	)		(99	)		(204	)		(90	)
					1,471						1,172
Corporate & other (1)					(288	)					(397	)
Interest income (2)					9						22
Interest expense (3)					(264	)					(266	)
Charges and credits (4)					-						(12,247	)
	$	10,857		$	928		$	12,811		$	(11,716	)

⁽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; $1 million in 2020).

^{(3) Interest expense excludes amounts which are included in the segments’ income ($8 million in 2021; $15 million in 2020).}

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

Revenue by geographic area was as follows:

					(Stated in millions)
	Second Quarter				Six Months
	2021		2020		2021		2020
North America	$	1,083	$	1,097	$	2,055	$	3,277
Latin America		1,057		629		2,095		1,675
Europe/CIS/Africa		1,453		1,449		2,709		3,201
Middle East & Asia		2,001		2,146		3,918		4,573
Eliminations & other		40		35		80		85
	$	5,634	$	5,356	$	10,857	$	12,811

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

							(Stated in millions)
	Second Quarter 2021
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	191		$	625		$	1		$	817
Reservoir Performance		79			1,038			-			1,117
Well Construction		352			1,708			50			2,110
Production Systems		458			1,220			3			1,681
Eliminations & other		3			(80	)		(14	)		(91	)
	$	1,083		$	4,511		$	40		$	5,634
	Second Quarter 2020
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	145		$	470		$	4		$	619
Reservoir Performance		215			952			3			1,170
Well Construction		331			1,704			54			2,089
Production Systems		409			1,146			2			1,557
Eliminations & other		(3	)		(48	)		(28	)		(79	)
	$	1,097		$	4,224		$	35		$	5,356

				(Stated in millions)
	Six Months 2021
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	352		$	1,235		$	3		$	1,590
Reservoir Performance		157			1,960			2			2,119
Well Construction		663			3,285			97			4,045
Production Systems		878			2,382			11			3,271
Eliminations & other		5			(140	)		(33	)		(168	)
	$	2,055		$	8,722		$	80		$	10,857
	Six Months 2020
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	297		$	1,202		$	4		$	1,503
Reservoir Performance		933			2,201			5			3,139
Well Construction		965			3,827			112			4,904
Production Systems		1,099			2,349			21			3,469
Eliminations & other		(17	)		(130	)		(57	)		(204	)
	$	3,277		$	9,449		$	85		$	12,811

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both June 30, 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 $3.0 billion at June 30, 2021, 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 $1.0 billion at June 30, 2021 and $0.9 billion at December 31, 2020.  Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.