Segment Information

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

10.   Segment Information

				(Stated in millions)
	Third Quarter 2021						Third Quarter 2020
				Income						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Digital & Integration	$	812		$	284		$	738		$	201
Reservoir Performance		1,192			190			1,215			103
Well Construction		2,273			345			1,837			173
Production Systems		1,674			166			1,532			132
Eliminations & other		(104	)		(77	)		(64	)		(34	)
					908						575
Corporate & other (1)					(145	)					(151	)
Interest income					8						3
Interest expense (2)					(127	)					(131	)
Charges and credits (3)					47						(350	)
	$	5,847		$	691		$	5,258		$	(54	)

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

^{(3) See Note 2 – Charges and Credits.}

				(Stated in millions)
	Nine Months 2021						Nine Months 2020
				Income						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Digital & Integration	$	2,401		$	805		$	2,235		$	458
Reservoir Performance		3,312			448			4,354			259
Well Construction		6,319			827			6,747			687
Production Systems		4,946			475			5,001			467
Eliminations & other		(274	)		(176	)		(268	)		(124	)
					2,379						1,747
Corporate & other (1)					(434	)					(548	)
Interest income (2)					17						25
Interest expense (3)					(391	)					(397	)
Charges and credits (4)					47						(12,596	)
	$	16,704		$	1,618		$	18,069		$	(11,769	)

⁽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 ($11 million in 2021; $22 million in 2020).}

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

Revenue by geographic area was as follows:

					(Stated in millions)
	Third Quarter				Nine Months
	2021		2020		2021		2020
North America	$	1,129	$	1,034	$	3,185	$	4,311
Latin America		1,160		828		3,255		2,503
Europe/CIS/Africa		1,481		1,397		4,190		4,597
Middle East & Asia		2,034		1,986		5,952		6,559
Eliminations & other		43		13		122		99
	$	5,847	$	5,258	$	16,704	$	18,069

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

						(Stated in millions)
	Third Quarter 2021
	North					Eliminations
	America		International			& other			Total
Digital & Integration	$	196	$	615		$	1		$	812
Reservoir Performance		79		1,112			1			1,192
Well Construction		382		1,839			52			2,273
Production Systems		469		1,205			-			1,674
Eliminations & other		3		(96	)		(11	)		(104	)
	$	1,129	$	4,675		$	43		$	5,847
	Third Quarter 2020
	North					Eliminations
	America		International			& other			Total
Digital & Integration	$	134	$	603		$	1		$	738
Reservoir Performance		275		937			3			1,215
Well Construction		235		1,562			40			1,837
Production Systems		389		1,138			5			1,532
Eliminations & other		1		(29	)		(36	)		(64	)
	$	1,034	$	4,211		$	13		$	5,258

				(Stated in millions)
	Nine Months 2021
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	549		$	1,850		$	2		$	2,401
Reservoir Performance		237			3,072			3			3,312
Well Construction		1,045			5,124			150			6,319
Production Systems		1,347			3,587			12			4,946
Eliminations & other		7			(236	)		(45	)		(274	)
	$	3,185		$	13,397		$	122		$	16,704
	Nine Months 2020
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	431		$	1,799		$	5		$	2,235
Reservoir Performance		1,208			3,137			9			4,354
Well Construction		1,201			5,395			151			6,747
Production Systems		1,488			3,487			26			5,001
Eliminations & other		(17	)		(159	)		(92	)		(268	)
	$	4,311		$	13,659		$	99		$	18,069

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both September 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 September 30, 2021, of which approximately 51% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $0.9 billion at both September 30, 2021 and December 31, 2020.  Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.