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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

					(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

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

Summary of North America and International Revenue Disaggregated by Segment

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