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Charges and Credits (Tables)
9 Months Ended
Sep. 30, 2021
Restructuring And Related Activities [Abstract]  
Summary of Charges and Credits

During the first nine months of 2020, Schlumberger recorded the following charges and credits, all of which are classified as Impairments & other in the Consolidated Statement of Income (Loss):

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

Tax

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

 

 

 

Goodwill

$

3,070

 

 

$

-

 

 

$

3,070

 

Intangible assets

 

3,321

 

 

 

815

 

 

 

2,506

 

Asset Performance Solutions investments

 

1,264

 

 

 

(4

)

 

 

1,268

 

North American pressure pumping

 

587

 

 

 

133

 

 

 

454

 

Severance

 

202

 

 

 

7

 

 

 

195

 

Other

 

79

 

 

 

9

 

 

 

70

 

Valuation allowance

 

-

 

 

 

(164

)

 

 

164

 

Second quarter:

 

 

 

 

 

 

 

 

 

-

 

Workforce reductions

 

1,021

 

 

 

71

 

 

 

950

 

Asset Performance Solutions investments

 

730

 

 

 

15

 

 

 

715

 

Fixed asset impairments

 

666

 

 

 

52

 

 

 

614

 

Inventory write-downs

 

603

 

 

 

49

 

 

 

554

 

Right-of-use asset impairments

 

311

 

 

 

67

 

 

 

244

 

Costs associated with exiting certain activities

 

205

 

 

 

(25

)

 

 

230

 

Multiclient seismic data impairment

 

156

 

 

 

2

 

 

 

154

 

Repurchase of bonds

 

40

 

 

 

2

 

 

 

38

 

Postretirement benefits curtailment gain

 

(69

)

 

 

(16

)

 

 

(53

)

Other

 

60

 

 

 

4

 

 

 

56

 

Third quarter:

 

 

 

 

 

 

 

 

 

 

 

Facility exit charges

 

254

 

 

 

39

 

 

 

215

 

Workforce reductions

 

63

 

 

 

-

 

 

 

63

 

Other

 

33

 

 

 

1

 

 

 

32

 

 

$

12,596

 

 

$

1,057

 

 

$

11,539