Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

10.   Segment Information

				(Stated in millions)
	Second Quarter 2022						Second Quarter 2021
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	955		$	379		$	817		$	274
Reservoir Performance		1,333			195			1,117			156
Well Construction		2,686			470			2,110			272
Production Systems		1,893			171			1,681			171
Eliminations & other		(94	)		(56	)		(91	)		(66	)
Pretax segment operating income					1,159						807
Corporate & other (1)					(148	)					(138	)
Interest income (2)					3						5
Interest expense (3)					(121	)					(132	)
Charges and credits (4)					259						-
	$	6,773		$	1,152		$	5,634		$	542

⁽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 ($16 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.}

				(Stated in millions)
	Six Months 2022						Six Months 2021
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	1,813		$	671		$	1,590		$	521
Reservoir Performance		2,543			355			2,119			258
Well Construction		5,083			858			4,045			482
Production Systems		3,497			285			3,271			309
Eliminations & other		(201	)		(115	)		(168	)		(99	)
Pretax segment operating income					2,054						1,471
Corporate & other (1)					(313	)					(288	)
Interest income (2)					5						9
Interest expense (3)					(241	)					(264	)
Charges and credits (4)					285						-
	$	12,735		$	1,790		$	10,857		$	928

⁽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 ($28 million in 2022; $1 million in 2021).}

^{(3) Interest expense excludes amounts which are included in the segments’ income ($6 million in 2022; $8 million in 2021).}

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

Revenue by geographic area was as follows:

					(Stated in millions)
	Second Quarter				Six Months
	2022		2021		2022		2021
North America	$	1,537	$	1,083	$	2,819	$	2,055
Latin America		1,329		1,057		2,534		2,095
Europe/CIS/Africa		1,691		1,453		3,094		2,709
Middle East & Asia		2,168		2,001		4,192		3,918
Eliminations & other		48		40		96		80
	$	6,773	$	5,634	$	12,735	$	10,857

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

							(Stated in millions)
	Second Quarter 2022
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	327		$	627		$	1		$	955
Reservoir Performance		111			1,222			-			1,333
Well Construction		553			2,083			50			2,686
Production Systems		550			1,341			2			1,893
Eliminations & other		(4	)		(85	)		(5	)		(94	)
	$	1,537		$	5,188		$	48		$	6,773
	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

	Six Months 2022
	North						Eliminations
	America			International			& other			Total
Digital & Integration	$	552		$	1,258		$	3		$	1,813
Reservoir Performance		214			2,326			3			2,543
Well Construction		1,038			3,948			97			5,083
Production Systems		1,023			2,468			6			3,497
Eliminations & other		(8	)		(180	)		(13	)		(201	)
	$	2,819		$	9,820		$	96		$	12,735
	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

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.3 billion at both June 30, 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 $3.1 billion at June 30, 2022, of which approximately 60% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $1.3 billion at June 30, 2022 and $1.1 billion at December 31, 2021.  Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.