Document and Entity Information
Document and Entity Information | 9 Months Ended |
Sep. 30, 2019shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | Q3 |
Entity Registrant Name | SCHLUMBERGER LIMITED/NV |
Entity Central Index Key | 0000087347 |
Entity Current Reporting Status | Yes |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 1,384,389,267 |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity File Number | 1-4601 |
Entity Tax Identification Number | 52-0684746 |
Entity Address, Address Line One | 5599 SAN FELIPE |
Entity Address, City or Town | HOUSTON |
Entity Address, State or Province | TX |
Entity Incorporation, State or Country Code | P8 |
Entity Address, Country | US |
Entity Address, Postal Zip Code | 77056 |
City Area Code | 713 |
Local Phone Number | 513-2000 |
Entity Interactive Data Current | Yes |
Document Quarterly Report | true |
Document Transition Report | false |
Title of 12(b) Security | common stock, par value $0.01 per share |
Security Exchange Name | NYSE |
Trading Symbol | SLB |
CONSOLIDATED STATEMENT OF INCOM
CONSOLIDATED STATEMENT OF INCOME (LOSS) (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenue | ||||
Total Revenue | $ 8,541 | $ 8,504 | $ 24,689 | $ 24,636 |
Interest & other income | 21 | 36 | 61 | 118 |
Expenses | ||||
Research & engineering | 176 | 177 | 527 | 524 |
General & administrative | 120 | 105 | 345 | 330 |
Impairments & other | 12,692 | 12,692 | 184 | |
Interest | 160 | 147 | 462 | 434 |
Income (loss) before taxes | (11,971) | 787 | (10,870) | 1,976 |
Tax expense (benefit) | (598) | 129 | (420) | 348 |
Net income (loss) | (11,373) | 658 | (10,450) | 1,628 |
Net income attributable to noncontrolling interests | 10 | 14 | 20 | 29 |
Net income (loss) attributable to Schlumberger | $ (11,383) | $ 644 | $ (10,470) | $ 1,599 |
Basic earnings (loss) per share of Schlumberger | $ (8.22) | $ 0.46 | $ (7.56) | $ 1.15 |
Diluted earnings (loss) per share of Schlumberger | $ (8.22) | $ 0.46 | $ (7.56) | $ 1.15 |
Average shares outstanding: | ||||
Basic | 1,385 | 1,385 | 1,385 | 1,385 |
Assuming dilution | 1,385 | 1,392 | 1,385 | 1,393 |
Services | ||||
Revenue | ||||
Total Revenue | $ 6,332 | $ 6,345 | $ 18,390 | $ 18,222 |
Expenses | ||||
Cost of services and sales | 5,371 | 5,336 | 15,794 | 15,414 |
Product | ||||
Revenue | ||||
Total Revenue | 2,209 | 2,159 | 6,299 | 6,414 |
Expenses | ||||
Cost of services and sales | $ 2,014 | $ 1,988 | $ 5,800 | $ 5,892 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net income (loss) | $ (11,373) | $ 658 | $ (10,450) | $ 1,628 |
Currency translation adjustments | ||||
Unrealized net change arising during the period | (21) | (47) | 18 | (128) |
Marketable securities | ||||
Unrealized loss arising during the period | (12) | (33) | ||
Cash flow hedges | ||||
Net gain (loss) on cash flow hedges | (27) | 4 | (31) | (6) |
Reclassification to net income (loss) of net realized (gain) loss | 3 | 2 | 7 | (2) |
Pension and other postretirement benefit plans | ||||
Amortization to net income (loss) of net actuarial loss | 23 | 47 | 70 | 141 |
Amortization to net income (loss) of net prior service credit | (2) | (1) | (8) | (4) |
Income taxes on pension and other postretirement benefit plans | (1) | (2) | (3) | (7) |
Comprehensive income (loss) | (11,398) | 649 | (10,397) | 1,589 |
Comprehensive income attributable to noncontrolling interests | 10 | 14 | 20 | 29 |
Comprehensive income (loss) attributable to Schlumberger | $ (11,408) | $ 635 | $ (10,417) | $ 1,560 |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash | $ 1,183 | $ 1,433 |
Short-term investments | 1,109 | 1,344 |
Receivables less allowance for doubtful accounts (2019 - $238; 2018 - $249) | 8,332 | 7,881 |
Inventories | 4,341 | 4,010 |
Other current assets | 1,186 | 1,063 |
Current assets total | 16,151 | 15,731 |
Investments in Affiliated Companies | 1,335 | 1,538 |
Fixed Assets less accumulated depreciation | 9,605 | 11,679 |
Multiclient Seismic Data | 593 | 601 |
Goodwill | 16,112 | 24,931 |
Intangible Assets | 7,282 | 8,727 |
Other Assets | 6,912 | 7,300 |
Total Assets | 57,990 | 70,507 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 10,364 | 10,223 |
Estimated liability for taxes on income | 1,078 | 1,155 |
Short-term borrowings and current portion of long-term debt | 340 | 1,407 |
Dividends payable | 701 | 701 |
Current Liabilities Total | 12,483 | 13,486 |
Long-term Debt | 16,333 | 14,644 |
Postretirement Benefits | 1,101 | 1,153 |
Deferred Taxes | 591 | 1,441 |
Other Liabilities | 3,155 | 3,197 |
Total Liabilities | 33,663 | 33,921 |
Equity | ||
Common stock | 13,012 | 13,132 |
Treasury stock | (3,641) | (4,006) |
Retained earnings | 19,111 | 31,658 |
Accumulated other comprehensive loss | (4,569) | (4,622) |
Schlumberger stockholders' equity | 23,913 | 36,162 |
Noncontrolling interests | 414 | 424 |
Total equity | 24,327 | 36,586 |
Liabilities and stockholders equity | $ 57,990 | $ 70,507 |
CONSOLIDATED BALANCE SHEET (Par
CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018 |
Statement Of Financial Position [Abstract] | ||
Allowance for doubtful accounts on receivable | $ 238 | $ 249 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | ||
Cash flows from operating activities: | |||
Net income (loss) | $ (10,450) | $ 1,628 | |
Adjustments to reconcile net (loss) income to cash provided by operating activities: | |||
Impairments and other charges | 12,692 | 184 | |
Depreciation and amortization | [1] | 2,741 | 2,637 |
Deferred taxes | (833) | (67) | |
Stock-based compensation expense | 329 | 259 | |
Earnings of equity method investments, less dividends received | 2 | (41) | |
Change in assets and liabilities: | |||
Increase in receivables | [2] | (429) | (114) |
Increase in inventories | [2] | (400) | (68) |
(Increase) decrease in other current assets | (127) | 78 | |
Increase in other assets | [2] | (12) | (167) |
Decrease in accounts payable and accrued liabilities | [2] | (266) | (1,011) |
Decrease in estimated liability for taxes on income | [2] | (118) | (32) |
Decrease in other liabilities | [2] | (19) | (6) |
Other | [2] | 69 | 102 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 3,179 | 3,382 | |
Cash flows from investing activities: | |||
Capital expenditures | (1,230) | (1,539) | |
SPM investments | (526) | (719) | |
Multiclient seismic data costs capitalized | (181) | (63) | |
Business acquisitions and investments, net of cash acquired | (21) | (290) | |
Sale of investments, net | 238 | 1,922 | |
Other | (88) | (36) | |
NET CASH USED IN INVESTING ACTIVITIES | (1,808) | (725) | |
Cash flows from financing activities: | |||
Dividends paid | (2,077) | (2,077) | |
Proceeds from employee stock purchase plan | 196 | 227 | |
Proceeds from exercise of stock options | 23 | 29 | |
Stock repurchase program | (278) | (300) | |
Proceeds from issuance of long-term debt | 3,973 | 220 | |
Repayment of long-term debt | (3,396) | (900) | |
Net decrease in short-term borrowings | (44) | (103) | |
Other | (18) | (47) | |
NET CASH USED IN FINANCING ACTIVITIES | (1,621) | (2,951) | |
Net decrease in cash before translation effect | (250) | (294) | |
Translation effect on cash | (12) | ||
Cash | $ 1,183 | $ 1,493 | |
[1] | Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments. | ||
[2] | Net of the effect of business acquisitions. |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions | Total | Common Stock Issued | Common Stock In Treasury | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests |
Balance at Dec. 31, 2017 | $ 37,261 | $ 12,975 | $ (4,049) | $ 32,190 | $ (4,274) | $ 419 |
Net income (loss) | 1,628 | 1,599 | 29 | |||
Currency translation adjustments | (132) | (128) | (4) | |||
Changes in unrealized gain on marketable securities | (33) | (33) | ||||
Changes in fair value of cash flow hedges | (8) | (8) | ||||
Pension and other postretirement benefit plans | 130 | 130 | ||||
Shares sold to optionees, less shares exchanged | 29 | (37) | 66 | |||
Vesting of restricted stock | (63) | 63 | ||||
Shares issued under employee stock purchase plan | 227 | (67) | 294 | |||
Stock repurchase program | (300) | (300) | ||||
Stock-based compensation expense | 259 | 259 | ||||
Dividends declared | (2,077) | (2,077) | ||||
Other | (36) | (9) | 2 | (29) | ||
Balance at Sep. 30, 2018 | 36,948 | 13,058 | (3,924) | 31,712 | (4,313) | 415 |
Balance at Jun. 30, 2018 | 36,897 | 13,030 | (4,001) | 31,760 | (4,305) | 413 |
Net income (loss) | 658 | 644 | 14 | |||
Currency translation adjustments | (50) | (47) | (3) | |||
Changes in unrealized gain on marketable securities | (12) | (12) | ||||
Changes in fair value of cash flow hedges | 6 | 6 | ||||
Pension and other postretirement benefit plans | 44 | 44 | ||||
Shares sold to optionees, less shares exchanged | 6 | (7) | 13 | |||
Vesting of restricted stock | (10) | 10 | ||||
Shares issued under employee stock purchase plan | 120 | (34) | 154 | |||
Stock repurchase program | (100) | (100) | ||||
Stock-based compensation expense | 83 | 83 | ||||
Dividends declared | (692) | (692) | ||||
Other | (12) | (4) | 1 | (9) | ||
Balance at Sep. 30, 2018 | 36,948 | 13,058 | (3,924) | 31,712 | (4,313) | 415 |
Balance at Dec. 31, 2018 | $ 36,586 | $ 13,132 | (4,006) | 31,658 | (4,622) | 424 |
Balance, shares at Dec. 31, 2018 | 1,383 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2018 | (51) | |||||
Net income (loss) | $ (10,450) | (10,470) | 20 | |||
Currency translation adjustments | 14 | 18 | (4) | |||
Changes in fair value of cash flow hedges | (24) | (24) | ||||
Pension and other postretirement benefit plans | 59 | 59 | ||||
Shares sold to optionees, less shares exchanged | $ 23 | $ (26) | 49 | |||
Vesting of restricted stock | (146) | $ 146 | ||||
Vesting of restricted stock, shares | 1 | 1 | ||||
Shares issued under employee stock purchase plan | $ 196 | (249) | $ 445 | |||
Shares issued under employee stock purchase plan, shares | 6 | 6 | ||||
Stock repurchase program | $ (278) | $ (278) | ||||
Stock repurchase program, shares | (7) | (7) | ||||
Stock-based compensation expense | $ 329 | 329 | ||||
Dividends declared | (2,077) | (2,077) | ||||
Other | (51) | (28) | $ 3 | (26) | ||
Balance at Sep. 30, 2019 | $ 24,327 | $ 13,012 | $ (3,641) | 19,111 | (4,569) | 414 |
Balance, shares at Sep. 30, 2019 | 1,384 | 1,434 | ||||
Treasury shares, Balance at Sep. 30, 2019 | (50) | |||||
Shares sold to optionees, less shares exchanged | 1 | 1 | ||||
Balance at Jun. 30, 2019 | $ 36,273 | $ 13,037 | $ (3,827) | 31,186 | (4,544) | 421 |
Net income (loss) | (11,373) | (11,383) | 10 | |||
Currency translation adjustments | (25) | (21) | (4) | |||
Changes in fair value of cash flow hedges | (24) | (24) | ||||
Pension and other postretirement benefit plans | 20 | 20 | ||||
Vesting of restricted stock | (20) | 20 | ||||
Shares issued under employee stock purchase plan | 111 | (134) | 245 | |||
Stock repurchase program | (79) | (79) | ||||
Stock-based compensation expense | 135 | 135 | ||||
Dividends declared | (692) | (692) | ||||
Other | (19) | (6) | (13) | |||
Balance at Sep. 30, 2019 | $ 24,327 | $ 13,012 | $ (3,641) | $ 19,111 | $ (4,569) | $ 414 |
Balance, shares at Sep. 30, 2019 | 1,384 | 1,434 | ||||
Treasury shares, Balance at Sep. 30, 2019 | (50) |
CONSOLIDATED STATEMENT OF STO_2
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Retained Earnings | ||||
Dividends declared, per share | $ 0.50 | $ 0.50 | $ 1.50 | $ 1.50 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2019 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Basis of Presentation | 1. Basis of Presentation The accompanying unaudited consolidated financial statements of Schlumberger Limited and its subsidiaries (“Schlumberger”) have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of Schlumberger management, all adjustments considered necessary for a fair statement have been included in the accompanying unaudited financial statements. All intercompany transactions and balances have been eliminated in consolidation. Operating results for the nine-month period ended September 30, 2019 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2019. The December 31, 2018 balance sheet information has been derived from the Schlumberger 2018 audited financial statements. For further information, refer to the Consolidated Financial Statements Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. |
Charges and Credits
Charges and Credits | 9 Months Ended |
Sep. 30, 2019 | |
Restructuring And Related Activities [Abstract] | |
Charges and Credits | 2. Charges and Credits 2019 In connection with the preparation of its third quarter 2019 financial statements, Schlumberger recorded the following charges, all of which are classified as Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Net Goodwill $ 8,828 $ (43 ) $ 8,785 Intangible assets 1,085 (248 ) 837 North America pressure pumping 1,575 (344 ) 1,231 Other North America-related 310 (53 ) 257 Argentina 127 - 127 Equity-method investments 231 (12 ) 219 Schlumberger Production Management 294 - 294 Other 242 (13 ) 229 $ 12,692 $ (713 ) $ 11,979 • During August 2019, Schlumberger’s market capitalization deteriorated significantly compared to the end of the second quarter of 2019. Schlumberger’s stock price reached a low not seen since 2005. Additionally, the Philadelphia Oil Services Sector Index, which is comprised of companies involved in the oil services sector, reached an 18-year low. As a result of these facts, Schlumberger determined that it was more likely than not that the fair value of certain of its reporting units were less than their carrying value. Therefore, Schlumberger performed an interim goodwill impairment test as of August 31, 2019. As of August 31, 2019, Schlumberger had 17 reporting units with goodwill balances aggregating $25.0 billion. Schlumberger determined that the fair value of seven of its reporting units, representing approximately $13.8 billion of the goodwill, was substantially in excess of their carrying value. Schlumberger performed a detailed quantitative impairment assessment of the remaining 10 reporting units, which represented $11.2 billion of goodwill. As a result of this assessment, Schlumberger concluded that the goodwill associated with nine of the 10 reporting units was impaired, resulting in an $8.8 billion goodwill impairment charge. This charge primarily relates to Schlumberger’s Drilling and Cameron segments. Following the $8.8 billion goodwill impairment charge relating to these nine reporting units, only three had a remaining goodwill balance. These three reporting units had goodwill balances which ranged between $0.4 billion and $0.6 billion and aggregated to $1.5 billion as of August 31, 2019. The tenth reporting unit, which was determined not to be impaired, had $0.9 billion of goodwill. Schlumberger primarily used the income approach to estimate the fair value of its reporting units, but also considered the market approach to validate the results. The income approach estimates the fair value by discounting each reporting unit’s estimated future cash flows using Schlumberger’s estimate of the discount rate, or expected return, that a marketplace participant would have required as of the valuation date. The market approach includes the use of comparative multiples to corroborate the discounted cash flow results. The market approach involves significant judgement involved in the selection of the appropriate peer group companies and valuation multiples. Some of the more significant assumptions inherent in the income approach include the estimated future net annual cash flows for each reporting unit and the discount rate. Schlumberger selected the assumptions used in the discounted cash flow projections using historical data supplemented by current and anticipated market conditions and estimated growth rates. Schlumberger’s estimates are based upon assumptions believed to be reasonable. However, given the inherent uncertainty in determining the assumptions underlying a discounted cash flow analysis, actual results may differ from those used in Schlumberger’s valuations which could result in additional impairment charges in the future. The discount rates utilized to value Schlumberger’s reporting units were between 12.5% and 14.0%, depending on the risks and uncertainty inherent in the respective reporting unit. Assuming all other assumptions and inputs used in each of the respective discounted cash flow analysis were held constant, a 50 basis point increase in the discount rate assumption would have increased the goodwill impairment charge by approximately $0.3 billion. Conversely, assuming all other assumptions and inputs used in each of the respective discounted cash flow analysis were held constant, a 50 basis point decrease in the discount rate assumption would have decreased the goodwill impairment charge by approximately $0.4 billion. • The negative market indicators described above combined with deteriorating market conditions in North America, as well as the results of the previously mentioned fair value determinations of certain of Schlumberger’s reporting units and the appointment of a new Chief Executive Officer (as described below), were all triggering events that indicated that certain of Schlumberger’s long-lived tangible and intangible assets may be impaired. Recoverability testing, which was performed as of August 31, 2019, indicated that long-lived assets associated with certain asset groups were impaired. The estimated fair value of these asset groups was determined to be below their carrying value. As a result, Schlumberger recorded the following impairment and related charges: - $1.085 billion of intangible assets, of which $842 million relates to Schlumberger’s 2010 acquisition of Smith International, Inc. The remaining $243 million primarily relates to other acquisitions in North America. - $1.575 billion of charges relating to Schlumberger’s pressure pumping business in North America. This amount consists of $1.324 billion of pressure pumping equipment and related assets; $98 million of right-of-use assets under operating leases; $121 million relating to a supply contract; $19 million of inventory; and $13 million of severance. - $310 million of charges primarily relating to other businesses in North America, consisting of $230 million of fixed asset impairments, $70 million of inventory write-downs and $10 million of severance. • As a result of the ongoing economic challenges in Argentina, Schlumberger recorded $127 million of charges during the third quarter of 2019. This consists of $72 million of asset impairments, a $26 million devaluation charge and $29 million of severance. • Schlumberger also recorded the following impairment and restructuring charges: - $231 million relating to certain equity method investments that were determined to be other-than-temporarily impaired. - $294 million impairment relating to the carrying value of certain smaller Schlumberger Production Management (“SPM”) projects. - $242 million of restructuring charges consisting of: $62 million of severance; $57 million relating to the acceleration of stock-based compensation expense associated with certain individuals; $49 million of business divestiture costs; $29 million relating to the repurchase of certain Senior Notes (see Note 9 - Long-term Debt ); and $45 million of other provisions. The fair value of certain of these impaired assets was estimated based on the present value of projected future cash flows that the underlying assets are expected to generate. Such estimates included unobservable inputs that required significant judgment. Substantially all of the charges recorded during the third quarter of 2019 will not result in any future cash outflows. During the third quarter of 2019, Schlumberger’s Board of Directors announced the appointment of a new Chief Executive Officer. As the new Chief Executive Officer further develops and implements his strategy, it may result in additional restructuring charges in future periods. Furthermore, Schlumberger may be required to record additional impairment charges if industry conditions deteriorate. There were no charges or credits recorded during the first six months of 2019. 2018 During the second quarter of 2018, Schlumberger recorded a $184 million pretax charge ($164 million after-tax) associated with headcount reductions, primarily to further streamline its support cost structure. This charge is classified in Impairments & other Consolidated Statement of Income (Loss) There were no charges or credits recorded during the first and third quarters of 2018. |
Earnings (Loss) Per Share
Earnings (Loss) Per Share | 9 Months Ended |
Sep. 30, 2019 | |
Earnings Per Share [Abstract] | |
Earnings (Loss) Per Share | 3. Earnings (Loss) Per Share The following is a reconciliation from basic earnings (loss) per share of Schlumberger to diluted earnings (loss) per share of Schlumberger: (Stated in millions, except per share amounts) 2019 2018 Schlumberger Net Income (Loss) Average Shares Outstanding Loss per Share Schlumberger Net Income (Loss) Average Shares Outstanding Earnings per Share Third Quarter Basic $ (11,383 ) 1,385 $ (8.22 ) $ 644 1,385 $ 0.46 Assumed exercise of stock options - - - - Unvested restricted stock - - - 7 Diluted $ (11,383 ) 1,385 $ (8.22 ) $ 644 1,392 $ 0.46 2019 2018 Schlumberger Net Income (Loss) Average Shares Outstanding Loss per Share Schlumberger Net Income (Loss) Average Shares Outstanding Earnings per Share Nine Months Basic $ (10,470 ) $ 1,385 $ (7.56 ) $ 1,599 $ 1,385 $ 1.15 Assumed exercise of stock options - - - 1 Unvested restricted stock - - - 7 Diluted $ (10,470 ) $ 1,385 $ (7.56 ) $ 1,599 $ 1,393 $ 1.15 The number of outstanding options to purchase shares of Schlumberger common stock that were not included in the computation of diluted earnings per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) 2019 2018 Third Quarter 47 40 Nine Months 47 40 |
Inventories
Inventories | 9 Months Ended |
Sep. 30, 2019 | |
Inventory Disclosure [Abstract] | |
Inventories | 4. Inventories A summary of inventories, which are stated at the lower of average cost or net realizable value, is as follows: (Stated in millions) Sept. 30, Dec. 31, 2019 2018 Raw materials & field materials $ 1,964 $ 1,803 Work in progress 606 519 Finished goods 1,771 1,688 $ 4,341 $ 4,010 |
Fixed Assets
Fixed Assets | 9 Months Ended |
Sep. 30, 2019 | |
Property Plant And Equipment [Abstract] | |
Fixed Assets | 5. Fixed Assets A summary of fixed assets follows: (Stated in millions) Sept. 30, Dec. 31, 2019 2018 Property, plant & equipment $ 35,961 $ 38,664 Less: Accumulated depreciation 26,356 26,985 $ 9,605 $ 11,679 Depreciation expense relating to fixed assets was as follows: (Stated in millions) 2019 2018 Third Quarter $ 499 $ 516 Nine Months $ 1,525 $ 1,564 |
Multiclient Seismic Data
Multiclient Seismic Data | 9 Months Ended |
Sep. 30, 2019 | |
Multiclient Seismic Data [Abstract] | |
Multiclient Seismic Data | 6. Multiclient Seismic Data The change in the carrying amount of multiclient seismic data for the nine months ended September 30, 2019 was as follows: (Stated in millions) Balance at December 31, 2018 $ 601 Capitalized in period 181 Charged to expense (189 ) Balance at September 30, 2019 $ 593 |
Goodwill
Goodwill | 9 Months Ended |
Sep. 30, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill | 7. Goodwill A summary of goodwill follows: (Stated in millions) Reservoir Characterization Drilling Production Cameron Total Balance at December 31, 2018 $ 4,703 $ 10,111 $ 4,678 $ 5,439 $ 24,931 Impairment (97 ) (3,025 ) (705 ) (5,001 ) (8,828 ) Impact of changes in exchange rates and other 7 3 (1 ) - 9 Balance at September 30, 2019 $ 4,613 $ 7,089 $ 3,972 $ 438 $ 16,112 |
Intangible Assets
Intangible Assets | 9 Months Ended |
Sep. 30, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Intangible Assets | 8. Intangible Assets The gross book value, accumulated amortization and net book value of intangible assets were as follows: (Stated in millions) Sept. 30, 2019 Dec. 31, 2018 Gross Accumulated Net Book Gross Accumulated Net Book Book Amortization Value Book Value Amortization Value Customer relationships $ 3,859 $ 853 $ 3,006 $ 4,768 $ 1,243 $ 3,525 Technology/technical know-how 2,526 735 1,791 3,494 1,246 2,248 Tradenames 1,911 248 1,663 2,799 628 2,171 Other 1,432 610 822 1,404 621 783 $ 9,728 $ 2,446 $ 7,282 $ 12,465 $ 3,738 $ 8,727 Amortization expense charged to income was as follows: (Stated in millions) 2019 2018 Third Quarter $ 156 $ 167 Nine Months $ 480 $ 506 Based on the net book value of intangible assets at September 30, 2019, amortization charged to income for the subsequent five years is estimated to be: fourth quarter of 2019—$138 million; 2020—$528 million; 2021—$518 million; 2022—$515 million; 2023—$497 million; and 2024—$477 million. |
Long-term Debt
Long-term Debt | 9 Months Ended |
Sep. 30, 2019 | |
Debt Disclosure [Abstract] | |
Long-term Debt | 9. Long-term Debt A summary of Long-term Debt (Stated in millions) Sept. 30, Dec. 31, 2019 2018 3.30% Senior Notes due 2021 $ 1,597 $ 1,596 3.65% Senior Notes due 2023 1,494 1,493 3.90% Senior Notes due 2028 1,442 - 4.20% Senior Notes due 2021 1,100 1,100 2.40% Senior Notes due 2022 998 997 4.00% Senior Notes due 2025 929 1,742 4.30% Senior Notes due 2029 845 - 3.75% Senior Notes due 2024 746 - 1.00% Guaranteed Notes due 2026 654 678 2.65% Senior Notes due 2022 598 598 0.00% Notes due 2024 544 - 0.25% Notes due 2027 543 - 0.50% Notes due 2031 536 - 2.20% Senior Notes due 2020 499 499 3.00% Senior Notes due 2020 415 1,596 3.63% Senior Notes due 2022 294 847 7.00% Notes due 2038 209 210 4.50% Notes due 2021 130 132 5.95% Notes due 2041 114 115 3.60% Notes due 2022 108 109 5.13% Notes due 2043 99 99 4.00% Notes due 2023 81 82 3.70% Notes due 2024 55 55 Commercial paper borrowings 2,128 2,433 Other 175 263 $ 16,333 $ 14,644 During the third quarter of 2019, Schlumberger issued €500 million of 0.00% Notes due 2024, €500 million of 0.25% Notes due 2027 and €500 million of 0.50% Notes due 2031. In September 2019, Schlumberger repurchased $783 million of its 3.00% Senior Notes due 2020 and $321 million of its 3.625% Senior Notes due 2022. Schlumberger paid a premium of $29 million in connection with these repurchases. This premium was classified as Impairments & other Consolidated Statement of Income (Loss) Charges and Credits. In April 2019, Schlumberger completed a debt exchange offer, pursuant to which it issued $1.500 billion in principal of 3.90% Senior Notes due 2028 (the “New Notes”) in exchange for $401 million of 3.00% Senior Notes due 2020, $234 million of 3.63% Senior Notes due 2022 and $817 million of 4.00% Senior Notes due 2025. In connection with the exchange of principal, Schlumberger paid a premium of $48 million, substantially all of which was in the form of New Notes. This premium is being amortized as additional interest expense over the term of the New Notes. The estimated fair value of Schlumberger’s Long-term Debt, At September 30, 2019, Schlumberger had separate committed credit facility agreements aggregating $6.5 billion with commercial banks, of which $4.1 billion was available and unused. These committed facilities support commercial paper programs in the United States and Europe, of which $1.0 billion matures in February 2020, $2.0 billion matures in February 2023, $2.0 billion matures in February 2024 and $1.5 billion matures in July 2024. Interest rates and other terms of borrowing under these lines of credit vary by facility. Borrowings under Schlumberger’s commercial paper programs at September 30, 2019 were $2.4 billion, of which $0.3 billion was classified in Short-term borrowings and current portion of long-term debt Long-term Debt Consolidated Balance Sheet Long-term debt Consolidated Balance Sheet |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 9 Months Ended |
Sep. 30, 2019 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities | 10. Derivative Instruments and Hedging Activities Schlumberger is exposed to market risks related to fluctuations in foreign currency exchange rates and interest rates. To mitigate these risks, Schlumberger utilizes derivative instruments. Schlumberger does not enter into derivative transactions for speculative purposes. Interest Rate Risk Schlumberger is subject to interest rate risk on its debt and its investment portfolio. Schlumberger maintains an interest rate risk management strategy that uses a mix of variable and fixed rate debt combined with its investment portfolio, to mitigate the exposure to changes in interest rates. At September 30, 2019, Schlumberger had fixed rate debt aggregating $14.0 billion and variable rate debt aggregating $2.7 billion. Foreign Currency Exchange Rate Risk As a multinational company, Schlumberger generates revenue in more than 120 countries. Schlumberger’s functional currency is primarily the US dollar. However, outside the United States, a significant portion of Schlumberger’s expenses are incurred in foreign currencies. Therefore, when the US dollar weakens (strengthens) in relation to the foreign currencies of the countries in which Schlumberger conducts business, the US dollar-reported expenses will increase (decrease). Schlumberger is exposed to risks on future cash flows to the extent that the local currency is not the functional currency and expenses denominated in local currency are not equal to revenues denominated in local currency. Schlumberger uses foreign currency forward contracts to provide a hedge against a portion of these cash flow risks. These contracts are accounted for as cash flow hedges, with the changes in the fair value of the hedge recorded on the Consolidated Balance Sheet Accumulated Other Comprehensive Loss. Accumulated Other Comprehensive Loss Schlumberger is also exposed to risks on future cash flows relating to certain of its fixed rate debt denominated in currencies other than the functional currency. Schlumberger uses cross-currency swaps to provide a hedge against these cash flow risks. During 2017, a Canadian-dollar functional currency subsidiary of Schlumberger issued $1.1 billion of US-dollar denominated debt. Schlumberger entered into cross-currency swaps for an aggregate notional amount of $1.1 billion in order to hedge changes in the fair value of its $0.5 billion of 2.20% Senior Notes due 2020 and its $0.6 billion of 2.65% Senior Notes due 2022. These cross-currency swaps effectively convert the US-dollar denominated notes to Canadian-dollar denominated debt with fixed annual interest rates of 1.97% and 2.52%, respectively. During the third quarter of 2019, a US-dollar functional currency subsidiary of Schlumberger issued €1.5 billion of Euro-denominated debt. Schlumberger entered into cross-currency swaps for an aggregate notional amount of €1.5 billion in order to hedge changes in the fair value of its €0.5 billion 0.00% Notes due 2024, €0.5 billion 0.25% Notes due 2027 and €0.5 billion Notes due 2031. These cross-currency swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.29%, 2.51% and 2.76%, respectively. Schlumberger is exposed to changes in the fair value of assets and liabilities that are denominated in currencies other than the functional currency. While Schlumberger uses foreign currency forward contracts and foreign currency options to economically hedge this exposure as it relates to certain currencies, these contracts are not designated as hedges for accounting purposes. Instead, the fair value of the contracts is recorded on the Consolidated Balance Sheet, Consolidated Statement of Income (Loss) At September 30, 2019, contracts were outstanding for the US dollar equivalent of $6.8 billion in various foreign currencies, of which $2.8 billion relates to hedges of debt denominated in currencies other than the functional currency. At September 30, 2019, Schlumberger recognized a cumulative $37 million loss in Accumulated Other Comprehensive Loss The effect of derivative instruments designated as fair value and cash flow hedges, and those not designated as hedges, on the Consolidated Statement of (Loss) Income (Stated in millions) Gain (Loss) Recognized in Income (Loss) Third Quarter Nine Months 2019 2018 2019 2018 Consolidated Statement of Income (Loss) Classification Derivatives designated as fair value hedges: Cross currency swaps $ - $ 6 $ - $ (6 ) Interest expense Derivatives designated as cash flow hedges: Foreign exchange contracts $ (3 ) $ (2 ) $ (7 ) $ 3 Cost of services/sales Cross currency swaps (2 ) (30 ) (40 ) 25 Interest expense $ (5 ) $ (32 ) $ (47 ) $ 28 Derivatives not designated as hedges: Foreign exchange contracts $ - $ (17 ) $ (8 ) $ 15 Cost of services/sales |
Contingencies
Contingencies | 9 Months Ended |
Sep. 30, 2019 | |
Commitments And Contingencies Disclosure [Abstract] | |
Contingencies | 11. Contingencies Schlumberger is party to various legal proceedings from time to time. A liability is accrued when a loss is both probable and can be reasonably estimated. Management believes that the probability of a material loss with respect to any currently pending legal proceeding is remote. However, litigation is inherently uncertain and it is not possible to predict the ultimate disposition of any of these proceedings. |
Segment Information
Segment Information | 9 Months Ended |
Sep. 30, 2019 | |
Segment Reporting [Abstract] | |
Segment Information | 12. Segment Information (Stated in millions) Third Quarter 2019 Third Quarter 2018 Income (Loss) Income (Loss) Before Before Revenue Taxes Revenue Taxes Reservoir Characterization $ 1,651 $ 360 $ 1,587 $ 361 Drilling 2,470 305 2,429 339 Production 3,153 288 3,249 320 Cameron 1,363 173 1,386 160 Eliminations & other (96 ) (30 ) (147 ) (28 ) 1,096 1,152 Corporate & other (1) (231 ) (234 ) Interest income (2) 7 8 Interest expense (3) (151 ) (139 ) Charges and credits (4) (12,692 ) - $ 8,541 $ (11,971 ) $ 8,504 $ 787 (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 2019; $2 million in 2018). (3) (4) Charges and Credits (Stated in millions) Nine Months 2019 Nine Months 2018 Income (Loss) Income (Loss) Before Before Revenue Taxes Revenue Taxes Reservoir Characterization $ 4,669 $ 959 $ 4,602 $ 987 Drilling 7,279 913 6,789 921 Production 9,120 740 9,458 853 Cameron 3,949 486 4,175 522 Eliminations & other (328 ) (126 ) (388 ) (63 ) 2,972 3,220 Corporate & other (1) (742 ) (699 ) Interest income (2) 25 44 Interest expense (3) (433 ) (405 ) Charges and credits (4) (12,692 ) (184 ) $ 24,689 $ (10,870 ) $ 24,636 $ 1,976 (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 ($6 million in 2019; $7 million in 2018). (3) (4) Charges and Credits Revenue by geographic area was as follows: (Stated in millions) Third Quarter Nine Months 2019 2018 2019 2018 North America $ 2,850 $ 3,189 $ 8,389 $ 9,164 Latin America 1,014 978 3,121 2,767 Europe/CIS/Africa 2,062 1,820 5,665 5,316 Middle East & Asia 2,553 2,417 7,343 7,079 Eliminations & other 62 100 171 310 $ 8,541 $ 8,504 $ 24,689 $ 24,636 North America and International revenue disaggregated by segment was as follows: (Stated in millions) Third Quarter 2019 North Eliminations America International & other Total Reservoir Characterization $ 299 $ 1,347 $ 5 $ 1,651 Drilling 553 1,861 56 2,470 Production 1,426 1,726 1 3,153 Cameron 589 772 2 1,363 Other (17 ) (77 ) (2 ) (96 ) $ 2,850 $ 5,629 $ 62 $ 8,541 Third Quarter 2018 North Eliminations America International & other Total Reservoir Characterization $ 242 $ 1,312 $ 33 $ 1,587 Drilling 601 1,760 68 2,429 Production 1,724 1,524 1 3,249 Cameron 644 713 29 1,386 Other (22 ) (94 ) (31 ) (147 ) $ 3,189 $ 5,215 $ 100 $ 8,504 (Stated in millions) Nine Months 2019 North Eliminations America International & other Total Reservoir Characterization $ 756 $ 3,898 $ 15 $ 4,669 Drilling 1,683 5,435 161 7,279 Production 4,218 4,900 2 9,120 Cameron 1,771 2,146 32 3,949 Other (39 ) (250 ) (39 ) (328 ) $ 8,389 $ 16,129 $ 171 $ 24,689 Nine Months 2018 North Eliminations America International & other Total Reservoir Characterization $ 732 $ 3,729 $ 141 $ 4,602 Drilling 1,733 4,884 172 6,789 Production 4,919 4,535 4 9,458 Cameron 1,842 2,250 83 4,175 Other (62 ) (236 ) (90 ) (388 ) $ 9,164 $ 15,162 $ 310 $ 24,636 Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both September 30, 2019 and December 31, 2018. Such amounts are included within Receivables less allowance for doubtful accounts Consolidated Balance Sheet Due to the nature of its business, Schlumberger does not have significant backlog. Total backlog was $2.6 billion at September 30, 2019, 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 $0.9 billion at both September 30, 2019 and December 31, 2018. Such amounts are included within Accounts payable and accrued liabilities Consolidated Balance Sheet |
Pension and Other Postretiremen
Pension and Other Postretirement Benefit Plans | 9 Months Ended |
Sep. 30, 2019 | |
Compensation And Retirement Disclosure [Abstract] | |
Pension and Other Postretirement Benefit Plans | 13. Pension and Other Postretirement Benefit Plans Net pension cost (credit) for the Schlumberger pension plans included the following components: (Stated in millions) Third Quarter Nine Months 2019 2018 2019 2018 US Int'l US Int'l US Int'l US Int'l Service cost $ 14 $ 32 $ 14 $ 35 $ 41 $ 96 $ 44 $ 105 Interest cost 45 82 41 77 136 248 125 229 Expected return on plan assets (58 ) (148 ) (61 ) (149 ) (173 ) (446 ) (186 ) (442 ) Amortization of prior service cost 3 2 3 3 7 6 9 8 Amortization of net loss 7 16 12 35 23 47 36 105 $ 11 $ (16 ) $ 9 $ 1 $ 34 $ (49 ) $ 28 $ 5 The net periodic benefit credit for the Schlumberger US postretirement medical plan included the following components: (Stated in millions) Third Quarter Nine Months 2019 2018 2019 2018 Service cost $ 8 $ 8 $ 23 $ 24 Interest cost 12 11 36 33 Expected return on plan assets (16 ) (15 ) (49 ) (47 ) Amortization of prior service credit (7 ) (7 ) (21 ) (21 ) $ (3 ) $ (3 ) $ (11 ) $ (11 ) |
Charges and Credits (Tables)
Charges and Credits (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Restructuring And Related Activities [Abstract] | |
Summary of Charges and Credits | In connection with the preparation of its third quarter 2019 financial statements, Schlumberger recorded the following charges, all of which are classified as Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Net Goodwill $ 8,828 $ (43 ) $ 8,785 Intangible assets 1,085 (248 ) 837 North America pressure pumping 1,575 (344 ) 1,231 Other North America-related 310 (53 ) 257 Argentina 127 - 127 Equity-method investments 231 (12 ) 219 Schlumberger Production Management 294 - 294 Other 242 (13 ) 229 $ 12,692 $ (713 ) $ 11,979 |
Earnings (Loss) Per Share (Tabl
Earnings (Loss) Per Share (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Earnings Per Share [Abstract] | |
Reconciliation of Earnings (loss) Per Share | The following is a reconciliation from basic earnings (loss) per share of Schlumberger to diluted earnings (loss) per share of Schlumberger: (Stated in millions, except per share amounts) 2019 2018 Schlumberger Net Income (Loss) Average Shares Outstanding Loss per Share Schlumberger Net Income (Loss) Average Shares Outstanding Earnings per Share Third Quarter Basic $ (11,383 ) 1,385 $ (8.22 ) $ 644 1,385 $ 0.46 Assumed exercise of stock options - - - - Unvested restricted stock - - - 7 Diluted $ (11,383 ) 1,385 $ (8.22 ) $ 644 1,392 $ 0.46 2019 2018 Schlumberger Net Income (Loss) Average Shares Outstanding Loss per Share Schlumberger Net Income (Loss) Average Shares Outstanding Earnings per Share Nine Months Basic $ (10,470 ) $ 1,385 $ (7.56 ) $ 1,599 $ 1,385 $ 1.15 Assumed exercise of stock options - - - 1 Unvested restricted stock - - - 7 Diluted $ (10,470 ) $ 1,385 $ (7.56 ) $ 1,599 $ 1,393 $ 1.15 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The number of outstanding options to purchase shares of Schlumberger common stock that were not included in the computation of diluted earnings per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) 2019 2018 Third Quarter 47 40 Nine Months 47 40 |
Inventories (Tables)
Inventories (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Inventory Disclosure [Abstract] | |
Summary of Inventory | A summary of inventories, which are stated at the lower of average cost or net realizable value, is as follows: (Stated in millions) Sept. 30, Dec. 31, 2019 2018 Raw materials & field materials $ 1,964 $ 1,803 Work in progress 606 519 Finished goods 1,771 1,688 $ 4,341 $ 4,010 |
Fixed Assets (Tables)
Fixed Assets (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Property Plant And Equipment [Abstract] | |
Summary of Fixed Assets | A summary of fixed assets follows: (Stated in millions) Sept. 30, Dec. 31, 2019 2018 Property, plant & equipment $ 35,961 $ 38,664 Less: Accumulated depreciation 26,356 26,985 $ 9,605 $ 11,679 |
Depreciation Expense Relating to Fixed Assets | Depreciation expense relating to fixed assets was as follows: (Stated in millions) 2019 2018 Third Quarter $ 499 $ 516 Nine Months $ 1,525 $ 1,564 |
Multiclient Seismic Data (Table
Multiclient Seismic Data (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Multiclient Seismic Data [Abstract] | |
Change in Carrying Amount of Multiclient Seismic Data | The change in the carrying amount of multiclient seismic data for the nine months ended September 30, 2019 was as follows: (Stated in millions) Balance at December 31, 2018 $ 601 Capitalized in period 181 Charged to expense (189 ) Balance at September 30, 2019 $ 593 |
Goodwill (Tables)
Goodwill (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Summary of Goodwill | A summary of goodwill follows: (Stated in millions) Reservoir Characterization Drilling Production Cameron Total Balance at December 31, 2018 $ 4,703 $ 10,111 $ 4,678 $ 5,439 $ 24,931 Impairment (97 ) (3,025 ) (705 ) (5,001 ) (8,828 ) Impact of changes in exchange rates and other 7 3 (1 ) - 9 Balance at September 30, 2019 $ 4,613 $ 7,089 $ 3,972 $ 438 $ 16,112 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets by Major Class | The gross book value, accumulated amortization and net book value of intangible assets were as follows: (Stated in millions) Sept. 30, 2019 Dec. 31, 2018 Gross Accumulated Net Book Gross Accumulated Net Book Book Amortization Value Book Value Amortization Value Customer relationships $ 3,859 $ 853 $ 3,006 $ 4,768 $ 1,243 $ 3,525 Technology/technical know-how 2,526 735 1,791 3,494 1,246 2,248 Tradenames 1,911 248 1,663 2,799 628 2,171 Other 1,432 610 822 1,404 621 783 $ 9,728 $ 2,446 $ 7,282 $ 12,465 $ 3,738 $ 8,727 |
Amortization Expense Charged to Income for Intangible Assets | Amortization expense charged to income was as follows: (Stated in millions) 2019 2018 Third Quarter $ 156 $ 167 Nine Months $ 480 $ 506 |
Long-term Debt (Tables)
Long-term Debt (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Debt Disclosure [Abstract] | |
Summary of Long-term Debt | A summary of Long-term Debt (Stated in millions) Sept. 30, Dec. 31, 2019 2018 3.30% Senior Notes due 2021 $ 1,597 $ 1,596 3.65% Senior Notes due 2023 1,494 1,493 3.90% Senior Notes due 2028 1,442 - 4.20% Senior Notes due 2021 1,100 1,100 2.40% Senior Notes due 2022 998 997 4.00% Senior Notes due 2025 929 1,742 4.30% Senior Notes due 2029 845 - 3.75% Senior Notes due 2024 746 - 1.00% Guaranteed Notes due 2026 654 678 2.65% Senior Notes due 2022 598 598 0.00% Notes due 2024 544 - 0.25% Notes due 2027 543 - 0.50% Notes due 2031 536 - 2.20% Senior Notes due 2020 499 499 3.00% Senior Notes due 2020 415 1,596 3.63% Senior Notes due 2022 294 847 7.00% Notes due 2038 209 210 4.50% Notes due 2021 130 132 5.95% Notes due 2041 114 115 3.60% Notes due 2022 108 109 5.13% Notes due 2043 99 99 4.00% Notes due 2023 81 82 3.70% Notes due 2024 55 55 Commercial paper borrowings 2,128 2,433 Other 175 263 $ 16,333 $ 14,644 |
Derivative Instruments and He_2
Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Effect of Derivative Instruments Designated as Fair Value and Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of (Loss) Income | The effect of derivative instruments designated as fair value and cash flow hedges, and those not designated as hedges, on the Consolidated Statement of (Loss) Income (Stated in millions) Gain (Loss) Recognized in Income (Loss) Third Quarter Nine Months 2019 2018 2019 2018 Consolidated Statement of Income (Loss) Classification Derivatives designated as fair value hedges: Cross currency swaps $ - $ 6 $ - $ (6 ) Interest expense Derivatives designated as cash flow hedges: Foreign exchange contracts $ (3 ) $ (2 ) $ (7 ) $ 3 Cost of services/sales Cross currency swaps (2 ) (30 ) (40 ) 25 Interest expense $ (5 ) $ (32 ) $ (47 ) $ 28 Derivatives not designated as hedges: Foreign exchange contracts $ - $ (17 ) $ (8 ) $ 15 Cost of services/sales |
Segment Information (Tables)
Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | (Stated in millions) Third Quarter 2019 Third Quarter 2018 Income (Loss) Income (Loss) Before Before Revenue Taxes Revenue Taxes Reservoir Characterization $ 1,651 $ 360 $ 1,587 $ 361 Drilling 2,470 305 2,429 339 Production 3,153 288 3,249 320 Cameron 1,363 173 1,386 160 Eliminations & other (96 ) (30 ) (147 ) (28 ) 1,096 1,152 Corporate & other (1) (231 ) (234 ) Interest income (2) 7 8 Interest expense (3) (151 ) (139 ) Charges and credits (4) (12,692 ) - $ 8,541 $ (11,971 ) $ 8,504 $ 787 (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 2019; $2 million in 2018). (3) (4) Charges and Credits (Stated in millions) Nine Months 2019 Nine Months 2018 Income (Loss) Income (Loss) Before Before Revenue Taxes Revenue Taxes Reservoir Characterization $ 4,669 $ 959 $ 4,602 $ 987 Drilling 7,279 913 6,789 921 Production 9,120 740 9,458 853 Cameron 3,949 486 4,175 522 Eliminations & other (328 ) (126 ) (388 ) (63 ) 2,972 3,220 Corporate & other (1) (742 ) (699 ) Interest income (2) 25 44 Interest expense (3) (433 ) (405 ) Charges and credits (4) (12,692 ) (184 ) $ 24,689 $ (10,870 ) $ 24,636 $ 1,976 (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 ($6 million in 2019; $7 million in 2018). (3) (4) Charges and Credits |
Revenue by Geographic Area | Revenue by geographic area was as follows: (Stated in millions) Third Quarter Nine Months 2019 2018 2019 2018 North America $ 2,850 $ 3,189 $ 8,389 $ 9,164 Latin America 1,014 978 3,121 2,767 Europe/CIS/Africa 2,062 1,820 5,665 5,316 Middle East & Asia 2,553 2,417 7,343 7,079 Eliminations & other 62 100 171 310 $ 8,541 $ 8,504 $ 24,689 $ 24,636 |
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 2019 North Eliminations America International & other Total Reservoir Characterization $ 299 $ 1,347 $ 5 $ 1,651 Drilling 553 1,861 56 2,470 Production 1,426 1,726 1 3,153 Cameron 589 772 2 1,363 Other (17 ) (77 ) (2 ) (96 ) $ 2,850 $ 5,629 $ 62 $ 8,541 Third Quarter 2018 North Eliminations America International & other Total Reservoir Characterization $ 242 $ 1,312 $ 33 $ 1,587 Drilling 601 1,760 68 2,429 Production 1,724 1,524 1 3,249 Cameron 644 713 29 1,386 Other (22 ) (94 ) (31 ) (147 ) $ 3,189 $ 5,215 $ 100 $ 8,504 (Stated in millions) Nine Months 2019 North Eliminations America International & other Total Reservoir Characterization $ 756 $ 3,898 $ 15 $ 4,669 Drilling 1,683 5,435 161 7,279 Production 4,218 4,900 2 9,120 Cameron 1,771 2,146 32 3,949 Other (39 ) (250 ) (39 ) (328 ) $ 8,389 $ 16,129 $ 171 $ 24,689 Nine Months 2018 North Eliminations America International & other Total Reservoir Characterization $ 732 $ 3,729 $ 141 $ 4,602 Drilling 1,733 4,884 172 6,789 Production 4,919 4,535 4 9,458 Cameron 1,842 2,250 83 4,175 Other (62 ) (236 ) (90 ) (388 ) $ 9,164 $ 15,162 $ 310 $ 24,636 |
Pension and Other Postretirem_2
Pension and Other Postretirement Benefit Plans (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Compensation And Retirement Disclosure [Abstract] | |
Net Pension Cost (Credit) for Schlumberger Pension Plans and US Postretirement Medical Plan | Net pension cost (credit) for the Schlumberger pension plans included the following components: (Stated in millions) Third Quarter Nine Months 2019 2018 2019 2018 US Int'l US Int'l US Int'l US Int'l Service cost $ 14 $ 32 $ 14 $ 35 $ 41 $ 96 $ 44 $ 105 Interest cost 45 82 41 77 136 248 125 229 Expected return on plan assets (58 ) (148 ) (61 ) (149 ) (173 ) (446 ) (186 ) (442 ) Amortization of prior service cost 3 2 3 3 7 6 9 8 Amortization of net loss 7 16 12 35 23 47 36 105 $ 11 $ (16 ) $ 9 $ 1 $ 34 $ (49 ) $ 28 $ 5 The net periodic benefit credit for the Schlumberger US postretirement medical plan included the following components: (Stated in millions) Third Quarter Nine Months 2019 2018 2019 2018 Service cost $ 8 $ 8 $ 23 $ 24 Interest cost 12 11 36 33 Expected return on plan assets (16 ) (15 ) (49 ) (47 ) Amortization of prior service credit (7 ) (7 ) (21 ) (21 ) $ (3 ) $ (3 ) $ (11 ) $ (11 ) |
Charges and Credits - Summary o
Charges and Credits - Summary of Charges and Credits (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |
Sep. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Sep. 30, 2019 | |
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | $ 12,692,000,000 | |||
Charges and credits, Tax | (713,000,000) | |||
Charges and credits, Net | $ 0 | $ 0 | $ 0 | 11,979,000,000 |
Goodwill | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 8,828,000,000 | |||
Charges and credits, Tax | (43,000,000) | |||
Charges and credits, Net | 8,785,000,000 | |||
Intangible Assets | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 1,085,000,000 | |||
Charges and credits, Tax | (248,000,000) | |||
Charges and credits, Net | 837,000,000 | |||
North America pressure pumping asset impairments | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 1,575,000,000 | |||
Charges and credits, Tax | (344,000,000) | |||
Charges and credits, Net | 1,231,000,000 | |||
Other North America - Related | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 310,000,000 | |||
Charges and credits, Tax | (53,000,000) | |||
Charges and credits, Net | 257,000,000 | |||
Argentina | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 127,000,000 | |||
Charges and credits, Net | 127,000,000 | |||
Equity Method Investment, Other Than Temporary Impairment | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 231,000,000 | |||
Charges and credits, Tax | (12,000,000) | |||
Charges and credits, Net | 219,000,000 | |||
Schlumberger Production Managemen | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 294,000,000 | |||
Charges and credits, Net | 294,000,000 | |||
Other | Impairment and Other [Member] | ||||
Charges And Credits [Line Items] | ||||
Charges and credits, Pretax | 242,000,000 | |||
Charges and credits, Tax | (13,000,000) | |||
Charges and credits, Net | $ 229,000,000 |
Charges and Credits - Additiona
Charges and Credits - Additional Information (Detail) | Aug. 31, 2019USD ($)Unit | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Jun. 30, 2018USD ($) | Mar. 31, 2018USD ($) | Jun. 30, 2019USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2018USD ($) |
Charges And Credits [Line Items] | ||||||||
Total number of reporting units | Unit | 17 | |||||||
Goodwill | $ 25,000,000,000 | $ 16,112,000,000 | $ 16,112,000,000 | $ 24,931,000,000 | ||||
Expected increase in discount rate assumption | 0.50% | |||||||
Increase in goodwill impairment charge | $ 300,000,000 | |||||||
Expected decrease in discount rate assumption | 0.50% | |||||||
Decrease in goodwill impairment charge | $ 400,000,000 | |||||||
Intangible assets | 1,085,000,000 | |||||||
Charges and credits | $ 0 | $ 0 | $ 0 | 11,979,000,000 | ||||
Charges and credits, pre tax | 12,692,000,000 | |||||||
Charges of Pressure Pumping Equipment | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 1,324,000,000 | |||||||
Operating Lease Right-of-use Asset | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 98,000,000 | |||||||
Supplies Expense | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 121,000,000 | |||||||
Inventory Charges | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 19,000,000 | |||||||
Severance Costs | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 13,000,000 | 62,000,000 | ||||||
Equity Method Investment, Other Than Temporary Impairment | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 231,000,000 | |||||||
Carrying Value of Schlumberger Production Management | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 294,000,000 | |||||||
Restructuring Charges | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 242,000,000 | |||||||
Acceleration of Stock-based Compensation Expense Associated With Certain Individuals | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 57,000,000 | |||||||
Business Divestiture Costs | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 49,000,000 | |||||||
Debt Instrument Premium Paid on Repurchase | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 29,000,000 | |||||||
Other Impairment and Restructuring Charges | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | $ 45,000,000 | |||||||
Headcount Reductions | Impairments and Other | ||||||||
Charges And Credits [Line Items] | ||||||||
Charges and credits | $ 164,000,000 | |||||||
Charges and credits, pre tax | $ 184,000,000 | |||||||
North America | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 243,000,000 | |||||||
North America | North America pressure pumping asset impairments | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 1,575,000,000 | |||||||
North America | Severance Costs | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 10,000,000 | |||||||
North America | Charges Related to Other Businesses | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 310,000,000 | |||||||
North America | Fixed Asset Impairment | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 230,000,000 | |||||||
North America | Inventory Write Down | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 70,000,000 | |||||||
Argentina | Severance Costs | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 29,000,000 | |||||||
Argentina | Production Related Impairment or Charges | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 127,000,000 | |||||||
Argentina | Asset Impairment Charges | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | 72,000,000 | |||||||
Argentina | Devaluation Charge | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | $ 26,000,000 | |||||||
Smith International, Inc | ||||||||
Charges And Credits [Line Items] | ||||||||
Intangible assets | $ 842,000,000 | |||||||
Minimim | ||||||||
Charges And Credits [Line Items] | ||||||||
Discount rate utilized | 12.50% | |||||||
Maximum | ||||||||
Charges And Credits [Line Items] | ||||||||
Discount rate utilized | 14.00% | |||||||
Seven Reporting Units | ||||||||
Charges And Credits [Line Items] | ||||||||
Total number of reporting units | Unit | 7 | |||||||
Goodwill | $ 13,800,000,000 | |||||||
Ten Reporting Units | ||||||||
Charges And Credits [Line Items] | ||||||||
Total number of reporting units | Unit | 10 | |||||||
Goodwill | $ 11,200,000,000 | |||||||
Nine Reporting Units | ||||||||
Charges And Credits [Line Items] | ||||||||
Total number of reporting units | Unit | 9 | |||||||
Goodwill impairment charge | $ 8,800,000,000 | |||||||
Three Reporting Units | ||||||||
Charges And Credits [Line Items] | ||||||||
Total number of reporting units | Unit | 3 | |||||||
Goodwill | $ 1,500,000,000 | |||||||
Three Reporting Units | Minimim | ||||||||
Charges And Credits [Line Items] | ||||||||
Goodwill | 400,000,000 | |||||||
Three Reporting Units | Maximum | ||||||||
Charges And Credits [Line Items] | ||||||||
Goodwill | $ 600,000,000 | |||||||
Tenth Reporting Unit | ||||||||
Charges And Credits [Line Items] | ||||||||
Total number of reporting units | Unit | 10 | |||||||
Goodwill | $ 900,000,000 |
Earnings (Loss) Per Share - Rec
Earnings (Loss) Per Share - Reconciliation of Earnings (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Schlumberger Net Income | ||||
Basic | $ (11,383) | $ 644 | $ (10,470) | $ 1,599 |
Diluted | $ (11,383) | $ 644 | $ (10,470) | $ 1,599 |
Average Shares Outstanding | ||||
Basic | 1,385 | 1,385 | 1,385 | 1,385 |
Assumed exercise of stock options | 1 | |||
Unvested restricted stock | 7 | 7 | ||
Diluted | 1,385 | 1,392 | 1,385 | 1,393 |
Earnings (loss) per Share | ||||
Basic | $ (8.22) | $ 0.46 | $ (7.56) | $ 1.15 |
Diluted | $ (8.22) | $ 0.46 | $ (7.56) | $ 1.15 |
Earnings (Loss) Per Share - Sch
Earnings (Loss) Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares shares in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Earnings Per Share [Abstract] | ||||
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount | 47 | 40 | 47 | 40 |
Inventories - Summary of Invent
Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018 |
Inventory Disclosure [Abstract] | ||
Raw materials & field materials | $ 1,964 | $ 1,803 |
Work in progress | 606 | 519 |
Finished goods | 1,771 | 1,688 |
Inventories | $ 4,341 | $ 4,010 |
Fixed Assets - Summary of Fixed
Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018 |
Property Plant And Equipment [Abstract] | ||
Property, plant & equipment | $ 35,961 | $ 38,664 |
Less: Accumulated depreciation | 26,356 | 26,985 |
Fixed assets less accumulated depreciation | $ 9,605 | $ 11,679 |
Fixed Assets - Depreciation Exp
Fixed Assets - Depreciation Expense Relating to Fixed Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Property Plant And Equipment [Abstract] | ||||
Depreciation expense relating to fixed assets | $ 499 | $ 516 | $ 1,525 | $ 1,564 |
Multiclient Seismic Data - Chan
Multiclient Seismic Data - Change in Carrying Amount of Multiclient Seismic Data (Detail) $ in Millions | 9 Months Ended |
Sep. 30, 2019USD ($) | |
Multiclient Seismic Data [Abstract] | |
Opening balance | $ 601 |
Capitalized in period | 181 |
Charged to expense | (189) |
Ending balance | $ 593 |
Goodwill - Summary of Goodwill
Goodwill - Summary of Goodwill (Detail) $ in Millions | 9 Months Ended |
Sep. 30, 2019USD ($) | |
Goodwill [Line Items] | |
Goodwill, Beginning Balance | $ 24,931 |
Impairment | (8,828) |
Impact of changes in exchange rates and other | 9 |
Goodwill, Ending Balance | 16,112 |
Cameron | |
Goodwill [Line Items] | |
Goodwill, Beginning Balance | 5,439 |
Impairment | (5,001) |
Goodwill, Ending Balance | 438 |
Operating Segments | Reservoir Characterization | |
Goodwill [Line Items] | |
Goodwill, Beginning Balance | 4,703 |
Impairment | (97) |
Impact of changes in exchange rates and other | 7 |
Goodwill, Ending Balance | 4,613 |
Operating Segments | Drilling | |
Goodwill [Line Items] | |
Goodwill, Beginning Balance | 10,111 |
Impairment | (3,025) |
Impact of changes in exchange rates and other | 3 |
Goodwill, Ending Balance | 7,089 |
Operating Segments | Production | |
Goodwill [Line Items] | |
Goodwill, Beginning Balance | 4,678 |
Impairment | (705) |
Impact of changes in exchange rates and other | (1) |
Goodwill, Ending Balance | $ 3,972 |
Intangible Assets - Schedule of
Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018 |
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | $ 9,728 | $ 12,465 |
Accumulated Amortization | 2,446 | 3,738 |
Net Book Value | 7,282 | 8,727 |
Customer Relationships | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 3,859 | 4,768 |
Accumulated Amortization | 853 | 1,243 |
Net Book Value | 3,006 | 3,525 |
Technology/Technical Know-How | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 2,526 | 3,494 |
Accumulated Amortization | 735 | 1,246 |
Net Book Value | 1,791 | 2,248 |
Tradenames | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,911 | 2,799 |
Accumulated Amortization | 248 | 628 |
Net Book Value | 1,663 | 2,171 |
Other | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,432 | 1,404 |
Accumulated Amortization | 610 | 621 |
Net Book Value | $ 822 | $ 783 |
Intangible Assets - Amortizatio
Intangible Assets - Amortization Expense Charged to Income for Intangible Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Goodwill And Intangible Assets Disclosure [Abstract] | ||||
Amortization expense | $ 156 | $ 167 | $ 480 | $ 506 |
Intangible Assets - Additional
Intangible Assets - Additional Information (Detail) $ in Millions | Sep. 30, 2019USD ($) |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Estimated amortization charged to income, fourth quarter of 2019 | $ 138 |
Estimated amortization charged to income, 2020 | 528 |
Estimated amortization charged to income, 2021 | 518 |
Estimated amortization charged to income, 2022 | 515 |
Estimated amortization charged to income, 2023 | 497 |
Estimated amortization charged to income, 2024 | $ 477 |
Long-term Debt - Summary of Lon
Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018 |
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 16,333 | $ 14,644 |
3.30% Senior Notes due 2021 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,597 | 1,596 |
3.65% Senior Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,494 | 1,493 |
3.90% Senior Notes due 2028 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,442 | |
4.20% Senior Notes due 2021 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,100 | 1,100 |
2.40% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 998 | 997 |
4.00% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 929 | 1,742 |
4.30% Senior Notes due 2029 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 845 | |
3.75% Senior Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 746 | |
1.00% Guaranteed Notes due 2026 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 654 | 678 |
2.65% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 598 | 598 |
0.00% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 544 | |
0.25% Notes due 2027 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 543 | |
0.50% Notes due 2031 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 536 | |
2.20% Senior Notes due 2020 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 499 | 499 |
3.00% Senior Notes due 2020 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 415 | 1,596 |
3.63% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 294 | 847 |
7.00% Notes due 2038 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 209 | 210 |
4.50% Notes due 2021 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 130 | 132 |
5.95% Notes due 2041 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 114 | 115 |
3.60% Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 108 | 109 |
5.13% Notes due 2043 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 99 | 99 |
4.00% Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 81 | 82 |
3.70% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 55 | 55 |
Other | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 175 | 263 |
Commercial paper borrowings | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 2,128 | $ 2,433 |
Long-term Debt - Summary of L_2
Long-term Debt - Summary of Long-term Debt (Parenthetical) (Detail) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2019 | Apr. 24, 2019 | Sep. 30, 2019 | Sep. 30, 2019 | Dec. 31, 2018 | |
3.30% Senior Notes due 2021 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.30% | 3.30% | 3.30% | 3.30% | |
Debt instrument maturity date | 2021 | 2021 | |||
3.65% Senior Notes due 2023 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.65% | 3.65% | 3.65% | 3.65% | |
Debt instrument maturity date | 2023 | 2023 | |||
3.90% Senior Notes due 2028 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.90% | 3.90% | 3.90% | 3.90% | 3.90% |
Debt instrument maturity date | 2028 | 2028 | 2028 | ||
4.20% Senior Notes due 2021 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 4.20% | 4.20% | 4.20% | 4.20% | |
Debt instrument maturity date | 2021 | 2021 | |||
2.40% Senior Notes due 2022 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 2.40% | 2.40% | 2.40% | 2.40% | |
Debt instrument maturity date | 2022 | 2022 | |||
4.00% Senior Notes due 2025 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Debt instrument maturity date | 2025 | 2025 | 2025 | ||
4.30% Senior Notes due 2029 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 4.30% | 4.30% | 4.30% | 4.30% | |
Debt instrument maturity date | 2029 | 2029 | |||
3.75% Senior Notes due 2024 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.75% | 3.75% | 3.75% | 3.75% | |
Debt instrument maturity date | 2024 | 2024 | |||
1.00% Guaranteed Notes due 2026 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 1.00% | 1.00% | 1.00% | 1.00% | |
Debt instrument maturity date | 2026 | 2026 | |||
2.65% Senior Notes due 2022 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 2.65% | 2.65% | 2.65% | 2.65% | |
Debt instrument maturity date | 2022 | 2022 | |||
0.00% Notes due 2024 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 0.00% | 0.00% | 0.00% | 0.00% | |
Debt instrument maturity date | 2024 | 2024 | 2024 | ||
0.25% Notes due 2027 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 0.25% | 0.25% | 0.25% | 0.25% | |
Debt instrument maturity date | 2027 | 2027 | 2027 | ||
0.50% Notes due 2031 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 0.50% | 0.50% | 0.50% | 0.50% | |
Debt instrument maturity date | 2031 | 2031 | 2031 | ||
2.20% Senior Notes due 2020 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 2.20% | 2.20% | 2.20% | 2.20% | |
Debt instrument maturity date | 2020 | 2020 | |||
3.00% Senior Notes due 2020 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.00% | 3.00% | 3.00% | 3.00% | |
Debt instrument maturity date | 2020 | 2020 | 2020 | ||
3.63% Senior Notes due 2022 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.63% | 3.63% | 3.63% | 3.63% | |
Debt instrument maturity date | 2022 | 2022 | |||
7.00% Notes due 2038 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 7.00% | 7.00% | 7.00% | 7.00% | |
Debt instrument maturity date | 2038 | 2038 | |||
4.50% Notes due 2021 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 4.50% | 4.50% | 4.50% | 4.50% | |
Debt instrument maturity date | 2021 | 2021 | |||
5.95% Notes due 2041 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 5.95% | 5.95% | 5.95% | 5.95% | |
Debt instrument maturity date | 2041 | 2041 | |||
3.60% Notes due 2022 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.60% | 3.60% | 3.60% | 3.60% | |
Debt instrument maturity date | 2022 | 2022 | |||
5.13% Notes due 2043 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 5.13% | 5.13% | 5.13% | 5.13% | |
Debt instrument maturity date | 2043 | 2043 | |||
4.00% Notes due 2023 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 4.00% | 4.00% | 4.00% | 4.00% | |
Debt instrument maturity date | 2023 | 2023 | |||
3.70% Notes due 2024 | |||||
Debt Instrument [Line Items] | |||||
Debt instrument interest rate | 3.70% | 3.70% | 3.70% | 3.70% | |
Debt instrument maturity date | 2024 | 2024 |
Long-term Debt - Additional Inf
Long-term Debt - Additional Information (Detail) € in Millions, $ in Millions | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2019USD ($) | Apr. 24, 2019USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2018USD ($) | Sep. 30, 2019EUR (€) | |
Debt Instrument [Line Items] | ||||||
Debt instrument premium paid | $ 48 | |||||
Debt instrument premium paid on repurchase | $ 29 | |||||
Long-term debt, fair value | 16,900 | $ 16,900 | $ 16,900 | $ 14,600 | ||
Committed credit facility agreement aggregated | 6,500 | 6,500 | 6,500 | |||
Unused credit facility | 4,100 | 4,100 | 4,100 | |||
Short-term borrowings and current portion of long-term debt | 340 | 340 | 340 | 1,407 | ||
Long-term Debt | 16,333 | 16,333 | 16,333 | 14,644 | ||
Commercial paper programs mature in February 2020 | ||||||
Debt Instrument [Line Items] | ||||||
Committed credit facility agreement aggregated | 1,000 | 1,000 | 1,000 | |||
Commercial paper programs mature in February 2023 | ||||||
Debt Instrument [Line Items] | ||||||
Committed credit facility agreement aggregated | 2,000 | 2,000 | 2,000 | |||
Commercial paper programs mature in February 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Committed credit facility agreement aggregated | 2,000 | 2,000 | 2,000 | |||
Commercial paper programs mature in July 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Committed credit facility agreement aggregated | 1,500 | 1,500 | 1,500 | |||
Commercial paper borrowings | ||||||
Debt Instrument [Line Items] | ||||||
Long-term debt | 2,400 | 2,400 | 2,400 | 2,400 | ||
Short-term borrowings and current portion of long-term debt | 300 | 300 | 300 | |||
Long-term Debt | $ 2,128 | $ 2,128 | $ 2,128 | $ 2,433 | ||
3.90% Senior Notes due 2028 | ||||||
Debt Instrument [Line Items] | ||||||
Notes, face amount | $ 1,500 | |||||
Debt instrument interest rate | 3.90% | 3.90% | 3.90% | 3.90% | 3.90% | 3.90% |
Debt instrument maturity date | 2028 | 2028 | 2028 | |||
Long-term Debt | $ 1,442 | $ 1,442 | $ 1,442 | |||
3.00% Senior Notes due 2020 | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument, amount exchanged | $ 401 | |||||
Debt instrument interest rate | 3.00% | |||||
Debt instrument maturity date | 2020 | |||||
Long-term Debt | $ 415 | $ 415 | $ 415 | $ 1,596 | ||
3.63% Senior Notes due 2022 | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument, amount exchanged | $ 234 | |||||
Debt instrument interest rate | 3.63% | |||||
Debt instrument maturity date | 2022 | |||||
4.00% Senior Notes due 2025 | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument, amount exchanged | $ 817 | |||||
Debt instrument interest rate | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Debt instrument maturity date | 2025 | 2025 | 2025 | |||
0.00% Notes due 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Notes, face amount | € | € 500 | |||||
Debt instrument interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
Debt instrument maturity date | 2024 | 2024 | 2024 | |||
Long-term Debt | $ 544 | $ 544 | $ 544 | |||
0.25% Notes due 2027 | ||||||
Debt Instrument [Line Items] | ||||||
Notes, face amount | € | € 500 | |||||
Debt instrument interest rate | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | |
Debt instrument maturity date | 2027 | 2027 | 2027 | |||
Long-term Debt | $ 543 | $ 543 | $ 543 | |||
0.50% Notes due 2031 | ||||||
Debt Instrument [Line Items] | ||||||
Notes, face amount | € | € 500 | |||||
Debt instrument interest rate | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | |
Debt instrument maturity date | 2031 | 2031 | 2031 | |||
Long-term Debt | $ 536 | $ 536 | $ 536 | |||
3.00% Senior Notes due 2020 | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument interest rate | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | |
Debt instrument maturity date | 2020 | 2020 | 2020 | |||
Debt instrument, repurchase amount | $ 783 | $ 783 | $ 783 | |||
3.625% Senior Notes due 2022 | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument interest rate | 3.625% | 3.625% | 3.625% | 3.625% | ||
Debt instrument maturity date | 2022 | |||||
Debt instrument, repurchase amount | $ 321 | $ 321 | $ 321 |
Derivative Instruments and He_3
Derivative Instruments and Hedging Activities - Additional Information (Detail) | 9 Months Ended | |||
Sep. 30, 2019USD ($)Country | Sep. 30, 2019EUR (€)Country | Dec. 31, 2018 | Dec. 31, 2017USD ($) | |
Derivative [Line Items] | ||||
Fixed rate debt aggregate | $ 14,000,000,000 | |||
Variable rate debt aggregate | $ 2,700,000,000 | |||
Number of countries in which Schlumberger generates revenue | Country | 120 | 120 | ||
Denominated debt issued | € 1,500,000,000 | $ 1,100,000,000 | ||
Recognized a cumulative loss in accumulated other comprehensive loss relating to changes in the fair value of foreign currency forward contracts and cross-currency swaps | $ 37,000,000 | |||
2.20% Senior Notes due 2020 | ||||
Derivative [Line Items] | ||||
Notes, face amount | $ 500,000,000 | |||
Derivative swap interest rate | 2.20% | |||
Promissory note interest rate | 2.20% | 2.20% | 2.20% | |
2.65% Senior Notes due 2022 | ||||
Derivative [Line Items] | ||||
Notes, face amount | $ 600,000,000 | |||
Derivative swap interest rate | 2.65% | |||
Promissory note interest rate | 2.65% | 2.65% | 2.65% | |
0.00% Notes due 2024 | ||||
Derivative [Line Items] | ||||
Notes, face amount | € | € 500,000,000 | |||
Derivative swap interest rate | 0.00% | 0.00% | ||
Promissory note interest rate | 0.00% | 0.00% | 0.00% | |
0.25% Notes due 2027 | ||||
Derivative [Line Items] | ||||
Notes, face amount | € | € 500,000,000 | |||
Derivative swap interest rate | 0.25% | 0.25% | ||
Promissory note interest rate | 0.25% | 0.25% | 0.25% | |
Notes due 2027 | ||||
Derivative [Line Items] | ||||
Notes, face amount | € | € 500,000,000 | |||
Cross currency swaps | ||||
Derivative [Line Items] | ||||
Notional amount of interest rate swap | € 1,500,000,000 | $ 1,100,000,000 | ||
Cross currency swaps | 2.20% Senior Notes due 2020 | ||||
Derivative [Line Items] | ||||
Promissory note interest rate | 1.97% | |||
Cross currency swaps | 2.65% Senior Notes due 2022 | ||||
Derivative [Line Items] | ||||
Promissory note interest rate | 2.52% | |||
Cross currency swaps | 0.00% Notes due 2024 | ||||
Derivative [Line Items] | ||||
Promissory note interest rate | 2.29% | 2.29% | ||
Cross currency swaps | 0.25% Notes due 2027 | ||||
Derivative [Line Items] | ||||
Promissory note interest rate | 2.51% | 2.51% | ||
Cross currency swaps | Notes due 2031 | ||||
Derivative [Line Items] | ||||
Promissory note interest rate | 2.76% | 2.76% | ||
Foreign exchange contracts | ||||
Derivative [Line Items] | ||||
Notional amount of interest rate swap | $ 6,800,000,000 | |||
Foreign exchange contracts | Debt | Derivatives designated as hedges | ||||
Derivative [Line Items] | ||||
Notional amount of interest rate swap | $ 2,800,000,000 |
Derivative Instruments and He_4
Derivative Instruments and Hedging Activities - Effect of Derivative Instruments Designated as Fair Value and Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of (Loss) Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Derivatives not designated as hedges | Foreign exchange contracts | Cost of services/sales | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Gain (Loss) Recognized in Income | $ (17) | $ (8) | $ 15 | |
Fair Value Hedging | Derivatives designated as hedges | Cross currency swaps | Interest expense | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Gain (Loss) Recognized in Income | 6 | (6) | ||
Cash Flow Hedging | Derivatives designated as hedges | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Gain (Loss) Recognized in Income | $ (5) | (32) | (47) | 28 |
Cash Flow Hedging | Derivatives designated as hedges | Cross currency swaps | Interest expense | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Gain (Loss) Recognized in Income | (2) | (30) | (40) | 25 |
Cash Flow Hedging | Derivatives designated as hedges | Foreign exchange contracts | Cost of services/sales | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Gain (Loss) Recognized in Income | $ (3) | $ (2) | $ (7) | $ 3 |
Segment Information - Schedule
Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | ||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | $ 8,541 | $ 8,504 | $ 24,689 | $ 24,636 | |||||
Income (Loss) Before Taxes | (11,971) | 787 | (10,870) | 1,976 | |||||
Pretax segment operating income | 1,096 | 1,152 | 2,972 | 3,220 | |||||
Interest expense | 160 | 147 | 462 | 434 | |||||
Reservoir Characterization | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 1,651 | 1,587 | 4,669 | 4,602 | |||||
Drilling | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 2,470 | 2,429 | 7,279 | 6,789 | |||||
Production | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 3,153 | 3,249 | 9,120 | 9,458 | |||||
Cameron | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 1,363 | 1,386 | 3,949 | 4,175 | |||||
Operating Segments | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 8,541 | 8,504 | 24,689 | 24,636 | |||||
Interest income | 1 | 2 | 6 | 7 | |||||
Interest expense | 9 | 8 | 29 | 29 | |||||
Operating Segments | Reservoir Characterization | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 1,651 | 1,587 | 4,669 | 4,602 | |||||
Income (Loss) Before Taxes | 360 | 361 | 959 | 987 | |||||
Operating Segments | Drilling | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 2,470 | 2,429 | 7,279 | 6,789 | |||||
Income (Loss) Before Taxes | 305 | 339 | 913 | 921 | |||||
Operating Segments | Production | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 3,153 | 3,249 | 9,120 | 9,458 | |||||
Income (Loss) Before Taxes | 288 | 320 | 740 | 853 | |||||
Operating Segments | Cameron | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | 1,363 | 1,386 | 3,949 | 4,175 | |||||
Income (Loss) Before Taxes | 173 | 160 | 486 | 522 | |||||
Eliminations & other | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Revenue | (96) | (147) | (328) | (388) | |||||
Income (Loss) Before Taxes | (30) | (28) | (126) | (63) | |||||
Corporate & other | [1] | (231) | (234) | (742) | (699) | ||||
Interest income | 7 | [2] | 8 | [2] | 25 | [3] | 44 | [3] | |
Interest expense | (151) | [4] | $ (139) | [4] | (433) | [5] | (405) | [5] | |
Charges and credits | [6] | $ (12,692) | $ (12,692) | $ (184) | |||||
[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 2019; $2 million in 2018). | ||||||||
[3] | Interest income excludes amounts which are included in the segments’ income ($6 million in 2019; $7 million in 2018). | ||||||||
[4] | Interest expense excludes amounts which are included in the segments’ income ($9 million in 2019; $8 million in 2018). | ||||||||
[5] | Interest expense excludes amounts which are included in the segments’ income ($29 million in both 2019 and 2018). | ||||||||
[6] | See Note 2 – Charges and Credits |
Segment Information - Schedul_2
Segment Information - Schedule of Segment Reporting Information, by Segment (Parenthetical) (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Segment Reporting Information [Line Items] | ||||
Interest expense | $ 160 | $ 147 | $ 462 | $ 434 |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Interest income | 1 | 2 | 6 | 7 |
Interest expense | $ 9 | $ 8 | $ 29 | $ 29 |
Segment Information - Revenue b
Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Segment Reporting Information [Line Items] | ||||
Revenue | $ 8,541 | $ 8,504 | $ 24,689 | $ 24,636 |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 8,541 | 8,504 | 24,689 | 24,636 |
Operating Segments | North America | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 2,850 | 3,189 | 8,389 | 9,164 |
Operating Segments | Latin America | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,014 | 978 | 3,121 | 2,767 |
Operating Segments | Europe/CIS/Africa | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 2,062 | 1,820 | 5,665 | 5,316 |
Operating Segments | Middle East & Asia | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 2,553 | 2,417 | 7,343 | 7,079 |
Eliminations & other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | $ 62 | $ 100 | $ 171 | $ 310 |
Segment Information - Summary o
Segment Information - Summary of North America and International Revenue Disaggregated by Segment (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Segment Reporting Information [Line Items] | ||||
Revenue | $ 8,541 | $ 8,504 | $ 24,689 | $ 24,636 |
Reservoir Characterization | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,651 | 1,587 | 4,669 | 4,602 |
Drilling | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 2,470 | 2,429 | 7,279 | 6,789 |
Production | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 3,153 | 3,249 | 9,120 | 9,458 |
Cameron | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,363 | 1,386 | 3,949 | 4,175 |
Other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | (96) | (147) | (328) | (388) |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 8,541 | 8,504 | 24,689 | 24,636 |
Operating Segments | Reservoir Characterization | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,651 | 1,587 | 4,669 | 4,602 |
Operating Segments | Drilling | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 2,470 | 2,429 | 7,279 | 6,789 |
Operating Segments | Production | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 3,153 | 3,249 | 9,120 | 9,458 |
Operating Segments | Cameron | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,363 | 1,386 | 3,949 | 4,175 |
Eliminations & other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 62 | 100 | 171 | 310 |
Eliminations & other | Reservoir Characterization | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 5 | 33 | 15 | 141 |
Eliminations & other | Drilling | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 56 | 68 | 161 | 172 |
Eliminations & other | Production | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1 | 1 | 2 | 4 |
Eliminations & other | Cameron | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 2 | 29 | 32 | 83 |
Eliminations & other | Other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | (2) | (31) | (39) | (90) |
North America | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 2,850 | 3,189 | 8,389 | 9,164 |
North America | Operating Segments | Reservoir Characterization | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 299 | 242 | 756 | 732 |
North America | Operating Segments | Drilling | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 553 | 601 | 1,683 | 1,733 |
North America | Operating Segments | Production | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,426 | 1,724 | 4,218 | 4,919 |
North America | Operating Segments | Cameron | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 589 | 644 | 1,771 | 1,842 |
North America | Operating Segments | Other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | (17) | (22) | (39) | (62) |
International | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 5,629 | 5,215 | 16,129 | 15,162 |
International | Operating Segments | Reservoir Characterization | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,347 | 1,312 | 3,898 | 3,729 |
International | Operating Segments | Drilling | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,861 | 1,760 | 5,435 | 4,884 |
International | Operating Segments | Production | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 1,726 | 1,524 | 4,900 | 4,535 |
International | Operating Segments | Cameron | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 772 | 713 | 2,146 | 2,250 |
International | Operating Segments | Other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | $ (77) | $ (94) | $ (250) | $ (236) |
Segment Information - Additiona
Segment Information - Additional Information (Detail) - USD ($) $ in Billions | 9 Months Ended | |
Sep. 30, 2019 | Dec. 31, 2018 | |
Segment Reporting [Abstract] | ||
Revenue in excess of billings | $ 0.2 | $ 0.2 |
Total backlog | $ 2.6 | |
Percentage of revenue expected to be recognized over next 12 months | 60.00% | |
Billings and cash collections in excess of revenue | $ 0.9 | $ 0.9 |
Pension and Other Postretirem_3
Pension and Other Postretirement Benefit Plans - Net Pension Cost (Credit) for Schlumberger Pension Plans and US Postretirement Medical Plan (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Postretirement medical plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 8 | $ 8 | $ 23 | $ 24 |
Interest cost | 12 | 11 | 36 | 33 |
Expected return on plan assets | (16) | (15) | (49) | (47) |
Amortization of prior service cost | (7) | (7) | (21) | (21) |
Total pension cost (credit) | (3) | (3) | (11) | (11) |
US | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 14 | 14 | 41 | 44 |
Interest cost | 45 | 41 | 136 | 125 |
Expected return on plan assets | (58) | (61) | (173) | (186) |
Amortization of prior service cost | 3 | 3 | 7 | 9 |
Amortization of net loss | 7 | 12 | 23 | 36 |
Total pension cost (credit) | 11 | 9 | 34 | 28 |
International | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 32 | 35 | 96 | 105 |
Interest cost | 82 | 77 | 248 | 229 |
Expected return on plan assets | (148) | (149) | (446) | (442) |
Amortization of prior service cost | 2 | 3 | 6 | 8 |
Amortization of net loss | 16 | 35 | 47 | 105 |
Total pension cost (credit) | $ (16) | $ 1 | $ (49) | $ 5 |