Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

				(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

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

Summary of North America and International Revenue Disaggregated by Segment

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