Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

10.   Segment Information

				(Stated in millions)
	First Quarter 2022						First Quarter 2021
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Digital & Integration	$	857		$	292		$	772		$	247
Reservoir Performance		1,210			160			1,002			102
Well Construction		2,398			388			1,936			210
Production Systems		1,604			114			1,590			138
Eliminations & other		(107	)		(60	)		(77	)		(33	)
					894						664
Corporate & other (1)					(164	)					(150	)
Interest income (2)					2						4
Interest expense (3)					(120	)					(132	)
Charges and credits (4)					26						-
	$	5,962		$	638		$	5,223		$	386

⁽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 ($12 million in 2022; $1 million in 2021).}

^{(3) Interest expense excludes amounts which are included in the segments’ income ($3 million in 2022; $4 million in 2021).}

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

Revenue by geographic area was as follows:

	(Stated in millions)
	First Quarter
	2022		2021
North America	$	1,282	$	972
Latin America		1,204		1,038
Europe/CIS/Africa		1,404		1,256
Middle East & Asia		2,024		1,917
Eliminations & other		48		40
	$	5,962	$	5,223

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

							(Stated in millions)
	First Quarter 2022
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	225		$	631		$	1		$	857
Reservoir Performance		103			1,105			2			1,210
Well Construction		485			1,865			48			2,398
Production Systems		473			1,127			4			1,604
Eliminations & other		(4	)		(96	)		(7	)		(107	)
	$	1,282		$	4,632		$	48		$	5,962
	First Quarter 2021
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	161		$	610		$	1		$	772
Reservoir Performance		78			922			2			1,002
Well Construction		310			1,577			49			1,936
Production Systems		420			1,161			9			1,590
Eliminations & other		3			(59	)		(21	)		(77	)
	$	972		$	4,211		$	40		$	5,223

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.3 billion at both March 31, 2022 and December 31, 2021.  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 March 31, 2022, of which approximately 56% 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 both March 31, 2022 and December 31, 2021.  Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.