Document and Entity Information
Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Jun. 30, 2021 | |
Cover [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | FY | |
Entity Registrant Name | SCHLUMBERGER LIMITED/NV | |
Entity Central Index Key | 0000087347 | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
ICFR Auditor Attestation Flag | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 1,403,381,685 | |
Entity Public Float | $ 44,720 | |
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | SLB | |
Security Exchange Name | NYSE | |
Entity File Number | 1-4601 | |
Entity Incorporation, State or Country Code | P8 | |
Entity Tax Identification Number | 52-0684746 | |
Entity Address, Address Line One | 5599 San Felipe | |
Entity Address, Address Line Two | 17th Floor | |
Entity Address, City or Town | Houston | |
Entity Address, State or Province | TX | |
Entity Address, Country | US | |
Entity Address, Postal Zip Code | 77056 | |
City Area Code | 713 | |
Local Phone Number | 513-2000 | |
Document Annual Report | true | |
Document Transition Report | false | |
Documents Incorporated by Reference | Certain information required to be furnished pursuant to Part III of this Form 10-K is set forth in, and is incorporated by reference from, Schlumberger’s definitive proxy statement for its 2022 Annual General Meeting of Stockholders, to be filed by Schlumberger with the Securities and Exchange Commission (“SEC”) pursuant to Regulation 14A within 120 days after December 31, 2021 (the “2022 Proxy Statement”). | |
Auditor Name | PricewaterhouseCoopers LLP | |
Auditor Location | Houston, Texas | |
Auditor Firm ID | 238 |
CONSOLIDATED STATEMENT OF INCOM
CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenue | |||
Total Revenue | $ 22,929 | $ 23,601 | $ 32,917 |
Interest & other income | 148 | 163 | 86 |
Gains on sales of businesses | 104 | 247 | |
Expenses | |||
Research & engineering | 554 | 580 | 717 |
General & administrative | 339 | 365 | 474 |
Impairments & other | 12,658 | 13,148 | |
Interest | 539 | 563 | 609 |
Income (loss) before taxes | 2,374 | (11,298) | (10,418) |
Tax expense (benefit) | 446 | (812) | (311) |
Net income (loss) | 1,928 | (10,486) | (10,107) |
Net income attributable to noncontrolling interests | 47 | 32 | 30 |
Net income (loss) attributable to Schlumberger | $ 1,881 | $ (10,518) | $ (10,137) |
Basic earnings (loss) per share of Schlumberger | $ 1.34 | $ (7.57) | $ (7.32) |
Diluted earnings (loss) per share of Schlumberger | $ 1.32 | $ (7.57) | $ (7.32) |
Average shares outstanding: | |||
Basic | 1,400 | 1,390 | 1,385 |
Assuming dilution | 1,427 | 1,390 | 1,385 |
Services | |||
Revenue | |||
Total Revenue | $ 15,602 | $ 16,533 | $ 24,358 |
Expenses | |||
Cost of services and sales | 13,129 | 14,675 | 20,828 |
Product | |||
Revenue | |||
Total Revenue | 7,327 | 7,068 | 8,559 |
Expenses | |||
Cost of services and sales | $ 6,142 | $ 6,325 | $ 7,892 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement Of Income And Comprehensive Income [Abstract] | |||
Net income (loss) | $ 1,928 | $ (10,486) | $ (10,107) |
Currency translation adjustments | |||
Net change arising during the period | 83 | (239) | 67 |
Cash flow hedges | |||
Net loss on cash flow hedges | (12) | (90) | (32) |
Reclassification to net income (loss) of net realized (income) loss | (3) | 54 | 10 |
Pension and other postretirement benefit plans | |||
Actuarial gain (loss) arising during the period | 1,075 | (247) | 127 |
Amortization to net income (loss) of net actuarial loss | 271 | 200 | 94 |
Amortization to net income (loss) of net prior service (credit) cost | (23) | (17) | (11) |
Impact of curtailment | (69) | ||
Income taxes on pension and other postretirement benefit plans | (74) | (38) | (71) |
Other | (3) | ||
Comprehensive income (loss) | 3,242 | (10,932) | (9,923) |
Comprehensive income attributable to noncontrolling interests | 47 | 32 | 30 |
Comprehensive income (loss) attributable to Schlumberger | $ 3,195 | $ (10,964) | $ (9,953) |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Current Assets | ||
Cash | $ 1,757 | $ 844 |
Short-term investments | 1,382 | 2,162 |
Receivables less allowance for doubtful accounts (2021 - $319; 2020 - $301) | 5,315 | 5,247 |
Inventories | 3,272 | 3,354 |
Other current assets | 928 | 1,312 |
Current assets total | 12,654 | 12,919 |
Investments in Affiliated Companies | 2,044 | 2,061 |
Fixed Assets less accumulated depreciation | 6,429 | 6,826 |
Goodwill | 12,990 | 12,980 |
Intangible Assets | 3,211 | 3,455 |
Other Assets | 4,183 | 4,193 |
Total Assets | 41,511 | 42,434 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 8,382 | 8,442 |
Estimated liability for taxes on income | 879 | 1,015 |
Short-term borrowings and current portion of long-term debt | 909 | 850 |
Dividends payable | 189 | 184 |
Current Liabilities Total | 10,359 | 10,491 |
Long-term Debt | 13,286 | 16,036 |
Postretirement Benefits | 231 | 1,049 |
Deferred Taxes | 94 | 19 |
Other Liabilities | 2,255 | 2,350 |
Total Liabilities | 26,225 | 29,945 |
Equity | ||
Common stock | 12,608 | 12,970 |
Treasury stock | (2,233) | (3,033) |
Retained earnings | 8,199 | 7,018 |
Accumulated other comprehensive loss | (3,570) | (4,884) |
Schlumberger stockholders' equity | 15,004 | 12,071 |
Noncontrolling interests | 282 | 418 |
Total equity | 15,286 | 12,489 |
Liabilities and stockholders equity | $ 41,511 | $ 42,434 |
CONSOLIDATED BALANCE SHEET (Par
CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Statement Of Financial Position [Abstract] | ||||
Allowance for doubtful accounts on receivable | $ 319 | $ 301 | $ 255 | $ 249 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Cash flows from operating activities: | ||||
Net income (loss) | $ 1,928 | $ (10,486) | $ (10,107) | |
Adjustments to reconcile net income (loss) to cash provided by operating activities: | ||||
Impairments and other charges and credits | (65) | 12,515 | 12,901 | |
Depreciation and amortization | [1] | 2,120 | 2,566 | 3,589 |
Deferred taxes | (31) | (1,248) | (1,011) | |
Stock-based compensation expense | 324 | 397 | 405 | |
Earnings of equity method investments, less dividends received | 10 | (28) | 6 | |
Change in assets and liabilities: | ||||
(Increase) decrease in receivables | [2] | (36) | 2,345 | 142 |
Decrease (increase) in inventories | [2] | 75 | 86 | (314) |
Decrease (increase) in other current assets | [2] | 387 | 267 | (68) |
(Increase) decrease in other assets | [2] | (2) | (25) | 22 |
Increase (decrease) in accounts payable and accrued liabilities | [2] | 160 | (3,330) | (161) |
(Decrease) increase in estimated liability for taxes on income | [2] | (154) | (201) | 6 |
(Decrease) increase in other liabilities | [2] | (26) | 19 | (52) |
Other | [2] | (39) | 67 | 73 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 4,651 | 2,944 | 5,431 | |
Cash flows from investing activities: | ||||
Capital expenditures | (1,141) | (1,116) | (1,724) | |
APS investments | (474) | (303) | (781) | |
Multiclient seismic data capitalized | (39) | (101) | (231) | |
Net proceeds from divestitures | 434 | 348 | ||
Proceeds from sale of Liberty shares | 109 | |||
Proceeds from formation of Sensia joint venture | 238 | |||
Business acquisitions and investments, net of cash acquired | (103) | (33) | (23) | |
Sale (purchase) of short-term investments, net | 787 | (1,141) | 317 | |
Other | (58) | (93) | (155) | |
NET CASH USED IN INVESTING ACTIVITIES | (919) | (2,353) | (2,011) | |
Cash flows from financing activities: | ||||
Dividends paid | (699) | (1,734) | (2,769) | |
Proceeds from employee stock purchase plan | 137 | 146 | 196 | |
Proceeds from exercise of stock options | 23 | |||
Stock repurchase program | (26) | (278) | ||
Proceeds from issuance of long-term debt | 34 | 5,837 | 4,004 | |
Repayment of long-term debt | (2,076) | (4,975) | (4,799) | |
Net (decrease) increase in short-term borrowings | (105) | 156 | (44) | |
Repayment of finance lease-related obligations | (188) | |||
Other | (115) | (89) | (51) | |
NET CASH USED IN FINANCING ACTIVITIES | (2,824) | (873) | (3,718) | |
Net increase (decrease) in cash before translation effect | 908 | (282) | (298) | |
Translation effect on cash | 5 | (11) | 2 | |
Cash, beginning of period | 844 | 1,137 | 1,433 | |
Cash, end of period | $ 1,757 | $ 844 | $ 1,137 | |
[1] | Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS investments. | |||
[2] | Net of the effect of business acquisitions and divestitures. |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 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, 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) | $ (10,107) | (10,137) | 30 | |||
Currency translation adjustments | 66 | 67 | (1) | |||
Changes in fair value of cash flow hedges | (22) | (22) | ||||
Pension and other postretirement benefit plans | 139 | 139 | ||||
Shares sold to optionees, less shares exchanged | $ 23 | $ (26) | $ 49 | |||
Shares sold to optionees, less shares exchanged, shares | 1 | 1 | ||||
Vesting of restricted stock | (155) | $ 155 | ||||
Vesting of restricted stock, shares | 2 | 2 | ||||
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 | $ 405 | 405 | ||||
Dividends declared | (2,770) | (2,770) | ||||
Other | (62) | (29) | $ 4 | (37) | ||
Balance at Dec. 31, 2019 | $ 24,176 | $ 13,078 | $ (3,631) | 18,751 | (4,438) | 416 |
Balance, shares at Dec. 31, 2019 | 1,385 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2019 | (49) | |||||
Net income (loss) | $ (10,486) | (10,518) | 32 | |||
Currency translation adjustments | (232) | (239) | 7 | |||
Changes in fair value of cash flow hedges | (36) | (36) | ||||
Pension and other postretirement benefit plans | $ (171) | (171) | ||||
Vesting of restricted stock | $ (173) | $ 173 | ||||
Vesting of restricted stock, shares | 2 | 2 | ||||
Shares issued under employee stock purchase plan | $ 146 | (298) | $ 444 | |||
Shares issued under employee stock purchase plan, shares | 6 | 6 | ||||
Stock repurchase program | $ (26) | $ (26) | ||||
Stock repurchase program, shares | (1) | (1) | ||||
Stock-based compensation expense | $ 397 | 397 | ||||
Dividends declared | (1,215) | (1,215) | ||||
Other | (64) | (34) | $ 7 | (37) | ||
Balance at Dec. 31, 2020 | $ 12,489 | $ 12,970 | $ (3,033) | 7,018 | (4,884) | 418 |
Balance, shares at Dec. 31, 2020 | 1,392 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2020 | (42) | |||||
Net income (loss) | $ 1,928 | 1,881 | 47 | |||
Currency translation adjustments | 81 | 83 | (2) | |||
Changes in fair value of cash flow hedges | (15) | (15) | ||||
Pension and other postretirement benefit plans | $ 1,249 | 1,249 | ||||
Vesting of restricted stock | $ (281) | $ 281 | ||||
Vesting of restricted stock, shares | 4 | 4 | ||||
Shares issued under employee stock purchase plan | $ 137 | (377) | $ 514 | |||
Shares issued under employee stock purchase plan, shares | 7 | 7 | ||||
Stock-based compensation expense | $ 324 | 324 | ||||
Dividends declared | (700) | (700) | ||||
Deconsolidation of subsidiary | (123) | (123) | ||||
Other | (84) | (28) | $ 5 | (3) | (58) | |
Balance at Dec. 31, 2021 | $ 15,286 | $ 12,608 | $ (2,233) | $ 8,199 | $ (3,570) | $ 282 |
Balance, shares at Dec. 31, 2021 | 1,403 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2021 | (31) |
CONSOLIDATED STATEMENT OF STO_2
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Retained Earnings | |||
Dividends declared, per share | $ 0.50 | $ 0.875 | $ 2 |
Business Description
Business Description | 12 Months Ended |
Dec. 31, 2021 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Business Description | 1. Business Description Schlumberger Limited (Schlumberger N.V., incorporated in Curaçao) and its consolidated subsidiaries (collectively, “Schlumberger”) form a technology company that partners with customers to access energy. Schlumberger provides leading digital solutions and deploys innovative technologies to enable performance and sustainability for the global energy industry. Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all. |
Summary of Accounting Policies
Summary of Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Summary of Accounting Policies | 2. Summary of Accounting Policies The Consolidated Financial Statements Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, Schlumberger evaluates its estimates, including those related to collectibility of accounts receivable; revenue recognized for certain long-term construction-type contracts over time; recoverability of fixed assets, goodwill, intangible assets, Asset Performance Solutions investments and investments in affiliates; income taxes; multiclient seismic data; contingencies and actuarial assumptions for employee benefit plans. Schlumberger bases its estimates on historical experience and other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Revenue Recognition Schlumberger recognizes revenue upon the transfer of control of promised products or services to customers at an amount that reflects the consideration it expects to receive in exchange for these products or services. The vast majority of Schlumberger’s services and product offerings are short-term in nature. The time between invoicing and when payment is due under these arrangements is generally between 30 to 60 days. Revenue is occasionally generated from contractual arrangements that include multiple performance obligations. Revenue from these arrangements is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are generally determined based on the prices charged to customers or using expected costs plus margin. Revenue is recognized for certain long-term construction-type contracts over time. These contracts involve significant design and engineering efforts in order to satisfy custom designs for customer-specific applications. Revenue is recognized as work progresses on each contract. Progress is measured by the ratio of actual costs incurred to date on the project in relation to total estimated project costs. The estimate of total project costs has a significant impact on both the amount of revenue recognized as well as the related profit on a project. Revenue and profits on contracts can also be significantly affected by change orders and claims. Due to the nature of these projects, adjustments to estimates of contract revenue and total contract costs may be required as work progresses. Progress billings are generally issued upon completion of certain phases of work as stipulated in the contract. Any expected losses on a project are recorded in full in the period in which they become probable. Due to the nature of its businesses, Schlumberger does not have significant backlog. Total backlog was $2.8 billion at December 31, 2021, of which approximately 50% is expected to be recognized as revenue during 2022. Short-term Investments Short-term investments are comprised primarily of money market funds, time deposits, certificates of deposit, commercial paper, bonds and notes, substantially all of which are denominated in US dollars and are stated at cost plus accrued interest, which approximates fair value. For purposes of the Consolidated Statement of Cash Flows Short-term investments Investments in Affiliated Companies Investments in companies in which Schlumberger does not have a controlling financial interest, but over which it has significant influence, are accounted for using the equity method. Schlumberger’s share of the after-tax earnings of equity method investees is included in Interest & other income Interest & other income Multiclient Seismic Data Schlumberger’s multiclient library consists of completed and in-process seismic surveys that are licensed on a nonexclusive basis. Schlumberger capitalizes costs directly incurred in acquiring and processing the multiclient seismic data. Such costs are charged to Cost of services The carrying value of the multiclient library is reviewed for impairment annually as well as when an event or change in circumstance indicating impairment may have occurred. Adjustments to the carrying value are recorded when it is determined that estimated future cash flows, which involve significant judgment on the part of Schlumberger, would not be sufficient to recover the carrying value of the surveys. Significant adverse changes in Schlumberger’s estimated future cash flows could result in impairment charges in a future period. Asset Performance Solutions Asset Performance Solutions (“APS”) projects are generally focused on developing and co-managing production of customers’ assets under long-term agreements. Schlumberger invests its own services and products into the field development activities and operations and is compensated on a fee-per-barrel basis or based on cash flow generated. This includes certain arrangements whereby Schlumberger is only compensated based on incremental production that it helps deliver above a mutually agreed baseline. Schlumberger capitalizes its investments in a project including the direct costs associated with providing its services or products. These capitalized investments are amortized to the Consolidated Statement of Income (Loss) Concentration of Credit Risk Schlumberger’s assets that are exposed to concentrations of credit risk consist primarily of cash, short-term investments, receivables from clients and derivative financial instruments. Schlumberger places its cash and short-term investments with financial institutions and corporations and limits the amount of credit exposure with any one of them. Schlumberger regularly evaluates the creditworthiness of the issuers in which it invests. By using derivative financial instruments to hedge certain exposures, Schlumberger exposes itself to some credit risk. Schlumberger minimizes this credit risk by entering into transactions with high-quality counterparties, limiting the exposure to each counterparty and monitoring the financial condition of its counterparties. Schlumberger generates revenue in more than 120 countries and as such, its accounts receivable are spread over many countries and customers. The United States represented 12% of Schlumberger’s net accounts receivable balance at December 31, 2021. No other country accounted for greater than 10% of Schlumberger’s accounts receivable balance. Schlumberger maintains an allowance for uncollectible accounts receivable based on expected collectability and performs ongoing credit evaluations of its customers’ financial condition. If the financial condition of Schlumberger’s customers were to deteriorate resulting in an impairment of their ability to make payments, adjustments to the allowance may be required. Earnings per Share The following is a reconciliation from basic to diluted earnings (loss) per share of Schlumberger for each of the last three years: (Stated in millions, except per share amounts) Net Income (Loss) Attributable to Schlumberger Average Shares Outstanding Earnings (Loss) per Share 2021: Basic $ 1,881 1,400 $ 1.34 Assumed exercise of stock options - - Unvested restricted stock - 27 Diluted $ 1,881 1,427 $ 1.32 2020: Basic $ (10,518 ) 1,390 $ (7.57 ) Assumed exercise of stock options - - Unvested restricted stock - - Diluted $ (10,518 ) 1,390 $ (7.57 ) 2019: Basic $ (10,137 ) 1,385 $ (7.32 ) Assumed exercise of stock options - - Unvested restricted stock - - Diluted $ (10,137 ) 1,385 $ (7.32 ) The number of outstanding employee stock options to purchase shares of Schlumberger common stock and unvested restricted stock units that were not included in the computation of diluted earnings/loss per share, because to do so would have had an anti-dilutive effect, were as follows: (Stated in millions) 2021 2020 2019 Employee stock options 42 48 46 Unvested restricted stock - 19 12 |
Charges and Credits
Charges and Credits | 12 Months Ended |
Dec. 31, 2021 | |
Restructuring And Related Activities [Abstract] | |
Charges and Credits | 3. Charges and Credits 2021 Schlumberger recorded the following charges and credits during 2021: (Stated in millions) Pretax Tax Net Third quarter: Unrealized gain on marketable securities $ (47 ) $ (11 ) $ (36 ) Fourth quarter: Gain on sale of Liberty shares (28 ) (4 ) (24 ) Early repayment of bonds 10 - 10 $ (65 ) $ (15 ) $ (50 ) Third quarter 2021: • During the third quarter of 2021, a start-up company that Schlumberger previously invested in was acquired. As a result of this transaction, Schlumberger’s ownership interest was converted into shares of a publicly traded company. Schlumberger recognized an unrealized pretax gain of $47 million to increase the carrying value of this investment to its estimated fair value of approximately $ 55 million. This unrealized gain is reflected in Interest & other income in the Consolidated Statement of Income (Loss) . Fourth quarter 2021: • On December 31, 2020, Schlumberger contributed its onshore hydraulic fracturing business in the United States and Canada (“OneStim”), including its pressure pumping, pumpdown perforating and Permian frac sand business to Liberty Oilfield Services Inc. (“Liberty”) in exchange for a 37% equity interest in Liberty. During the fourth quarter of 2021, Schlumberger sold 9.5 million of its shares of Liberty and received proceeds of $109 million. As a result of this transaction Schlumberger recognized a gain of $28 million. This gain is classified in Interest & other income in the Consolidated Statement of Income (Loss) . As of December 31, 2021, Schlumberger had a 31% equity interest in Liberty. Based on the quoted market prices of Liberty’s shares, the fair value of Schlumberger’s investment in Liberty was approximately $550 • On November 30, 2021, Schlumberger deposited sufficient funds with the trustee for its $1.0 billion of 2.40% Senior Notes due 2022 (including payment of the February 1, 2022 interest payment) to satisfy and discharge all of its obligations relating to such notes. As a result of this transaction, Schlumberger recorded a charge of $10 million. This charge is reflected in Interest in the Consolidated Statement of Income (Loss) . 2020 Schlumberger recorded the following charges and credits during 2020, all of which, unless otherwise noted, are classified in Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Net First quarter: Goodwill $ 3,070 $ - $ 3,070 Intangible assets impairments 3,321 815 2,506 Asset Performance Solutions investments 1,264 (4 ) 1,268 North America pressure pumping impairment 587 133 454 Workforce reductions 202 7 195 Other 79 9 70 Valuation allowance - (164 ) 164 Second quarter: Workforce reductions 1,021 71 950 Asset Performance Solutions investments 730 15 715 Fixed asset impairments 666 52 614 Inventory write-downs 603 49 554 Right-of-use asset impairments 311 67 244 Costs associated with exiting certain activities 205 (25 ) 230 Multiclient seismic data impairment 156 2 154 Repurchase of bonds 40 2 38 Postretirement benefits curtailment gain (69 ) (16 ) (53 ) Other 60 4 56 Third quarter: Facility exit charges 254 39 215 Workforce reductions 63 - 63 Other 33 1 32 Fourth quarter: Gain on sale of OneStim (104 ) (11 ) (93 ) Unrealized gain on marketable securities (39 ) (9 ) (30 ) Other 62 4 58 $ 12,515 $ 1,041 $ 11,474 First quarter 2020: • Geopolitical events that increased the supply of low-priced oil to the global market occurred at the same time that demand weakened due to the worldwide effects of the COVID-19 pandemic, leading to a collapse in oil prices during March 2020. As a result, Schlumberger’s market capitalization deteriorated significantly compared to the end of 2019. Schlumberger’s stock price reached a low during the first quarter of 2020 not seen since 1995. Additionally, the Philadelphia Oil Services Sector index (“OSX”), which is comprised of companies involved in the oil services sector, reached an all-time 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 was less than their carrying value. Therefore, Schlumberger performed an interim goodwill impairment test. Schlumberger had 11 reporting units with goodwill balances aggregating $16.0 billion. Schlumberger determined that the fair value of four of its reporting units, representing $4.5 billion of goodwill, was substantially in excess of their carrying value. Schlumberger performed a detailed quantitative impairment assessment of the remaining seven reporting units, which represented $11.5 billion of goodwill. As a result of this assessment, Schlumberger concluded that the goodwill associated with each of these seven reporting units was impaired, resulting in a $3.1 billion goodwill impairment charge. Following the $3.1 billion goodwill impairment charge relating to these seven reporting units, six of these reporting units had a remaining goodwill balance. These goodwill balances ranged between $0.2 billion and $5.0 billion and aggregated to $8.4 billion as of March 31, 2020. Schlumberger 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, particularly in a volatile market, 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 12.0% and 13.5%, depending on the risks and uncertainty inherent in the respective reporting unit as well as the size of the 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 or decrease in the discount rate assumptions would have changed the fair value of the seven reporting units, on average, by less than 5%. • The negative market indicators described above were triggering events that indicated that certain of Schlumberger’s long-lived intangible and tangible assets may have been impaired. Recoverability testing indicated that certain long-lived assets were impaired. The estimated fair value of these assets was determined to be below their carrying value. As a result, Schlumberger recorded the following impairment charges: - $3.3 billion relating to intangible assets, of which $2.2 billion relates to Schlumberger’s 2016 acquisition of Cameron International Corporation and $1.1 billion relates to Schlumberger’s 2010 acquisition of Smith International, Inc. Following this impairment charge, the carrying value of the impaired intangible assets was approximately $0.9 billion. - $1.3 billion relating to the carrying value of certain APS projects in North America. - $0.6 billion of fixed assets associated with the pressure pumping business in North America. • $202 million of severance. • $79 million of other restructuring charges, primarily consisting of the impairment of an equity method investment that was determined to be other-than-temporarily impaired. • $164 million relating to a valuation allowance against certain deferred tax assets. Second quarter 2020: • As previously noted, late in the first quarter of 2020 geopolitical events that increased the supply of low-priced oil to the global market occurred at the same time as demand weakened due to the worldwide effects of the COVID-19 pandemic, which led to a collapse in oil prices. As a result, the second quarter of 2020 was the most challenging quarter in decades. Schlumberger responded to these market conditions by taking actions to restructure its business and rationalize its asset base during the second quarter of 2020. These actions included reducing headcount, closing facilities and exiting business lines in certain countries. Additionally, due to the resulting activity decline, Schlumberger had assets that would no longer be utilized. As a consequence of these circumstances and decisions, Schlumberger recorded the following restructuring and asset impairment charges: - $1.021 billion of severance associated with reducing its workforce by more than 21,000 employees. - $730 million relating to the carrying value of certain APS projects in Latin America. - $666 million of fixed asset impairments primarily relating to equipment that would no longer be utilized and facilities it exited. - $603 million write-down of the carrying value of inventory to its net realizable value. - $311 million write-down of right-of-use assets under operating leases associated with leased facilities Schlumberger exited and excess equipment. - $205 million of costs associated with exiting certain activities. - $156 million impairment of certain multiclient seismic data. - $60 million of other costs, including a $42 million increase in the allowance for the doubtful accounts. • Schlumberger repurchased all $600 million of its 4.20% Senior Notes due 2021 and $935 million of its 3.30% Senior Notes due 2021. Schlumberger paid a premium of $40 million in connection with these repurchases. • As a consequence of the workforce reductions described above, Schlumberger recorded a curtailment gain of $69 million relating to its US postretirement medical plan. See Note 16 – Pension and Other Postretirement Benefit Plans for further details. Third quarter 2020: • Schlumberger recorded the following restructuring charges: - $254 million of facility exit charges as Schlumberger continued to rationalize its real estate footprint relating to both leased and owned facilities. - $63 million of severance. - $33 million of other charges. Fourth quarter 2020: • On December 31, 2020, Schlumberger contributed its OneStim business to Liberty in exchange for a 37% equity interest in Liberty. As a result of this transaction, Schlumberger recognized a gain of $104 million. This gain is classified in Gains on sales of businesses in the Consolidated Statement of Income (Loss) . • During the fourth quarter of 2020, a start-up company that Schlumberger previously invested in completed an initial public offering. As a result, Schlumberger recognized an unrealized gain of $39 million to increase the carrying value of this investment to its fair value of approximately $43 million. This unrealized gain is reflected in Interest & other income in the Consolidated Statement of Income (Loss) . Schlumberger sold its interest in this company during 2021. • During the fourth quarter of 2020, Schlumberger entered into an agreement to purchase new software licenses. This transaction rendered certain previously purchased licenses obsolete. As a result, Schlumberger wrote off the remaining $62 million of net book value associated with the obsolete software licenses. 2019 Schlumberger recorded the following charges and credits during 2019, all of which are classified as Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Net Third quarter: Goodwill impairment $ 8,828 $ 43 $ 8,785 Intangible assets impairment 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 Asset Performance Solutions investments 294 - 294 Other 242 13 229 Fourth quarter: North America restructuring 225 51 174 Other restructuring 104 (33 ) 137 Workforce reductions 68 8 60 Pension settlement accounting 37 8 29 Repurchase of bonds 22 5 17 Gain on formation of Sensia joint venture (247 ) (42 ) (205 ) $ 12,901 $ 710 $ 12,191 Third quarter of 2019: • 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 OSX 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 was 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. 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. 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, 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 economic challenges in Argentina, Schlumberger recorded $127 million of charges consisting of $72 million of asset impairments, a $26 million devaluation charge and $29 million of severance. • Schlumberger 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 APS 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; and $45 million of other provisions. Fourth quarter of 2019: • Schlumberger recorded the following restructuring charges: - $225 million associated with facility closures and costs to exit certain activities in North America. These charges included $123 million relating to fixed assets; $55 million of right-of-use assets under operating leases; and $47 million of other exit costs. - $104 million primarily relating to restructuring certain activities outside of North America, which included $68 million associated with assets to be divested and $36 million of facility closure costs. - $68 million of severance associated with streamlining its operations and exiting certain activities. • Certain of Schlumberger’s defined benefit pension plans offered former Schlumberger employees, who had not yet commenced receiving their pension benefits, an opportunity to receive a lump sum payout of their vested pension benefit which resulted in Schlumberger recording a pension settlement charge of $37 million. See Note 16 – Pension and Other Postretirement Benefit Plans for further details. • Schlumberger repurchased the remaining $416 million of its 3.00% Senior Notes due 2020; $126 million of its 4.50% Senior Notes due 2021; $500 million of its 4.20% Senior Notes due 2021; and $106 million of its 3.60% Senior Notes due 2022. These transactions resulted in a $22 million charge. • On October 1, 2019, Schlumberger and Rockwell completed the formation of Sensia, a joint venture that is the oil and gas industry’s first digitally enabled integrated automation solutions provider. Rockwell Automation owns 53% of the joint venture and Schlumberger owns 47%. In connection with this transaction, Schlumberger received a cash payment of $238 million. Schlumberger will account for its investment under the equity method of accounting. Schlumberger recorded a $247 million gain as a result of the deconsolidation of certain of its businesses in connection with the formation of the joint venture. This gain, which is equal to the sum of the $238 million of cash proceeds received and the fair value of Schlumberger’s retained noncontrolling investment in the businesses it contributed less the carrying amount of the assets and liabilities of such businesses at the time of the closing, is classified as Gains on sale of businesses in the Consolidated Statement of Income (Loss) . The fair value of certain of the assets impaired during 2020 and 2019 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. |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2021 | |
Inventory Disclosure [Abstract] | |
Inventories | 4. Inventories Inventories, which are stated at the lower of average cost or net realizable value, consist of the following: (Stated in millions) 2021 2020 Raw materials & field materials $ 1,594 $ 1,573 Work in progress 425 464 Finished goods 1,253 1,317 $ 3,272 $ 3,354 |
Fixed Assets
Fixed Assets | 12 Months Ended |
Dec. 31, 2021 | |
Property Plant And Equipment [Abstract] | |
Fixed Assets | 5. Fixed Assets Fixed assets consist of the following: (Stated in millions) 2021 2020 Land $ 372 $ 362 Buildings & improvements 4,371 3,757 Machinery & equipment 24,334 25,625 29,077 29,744 Less: Accumulated depreciation 22,648 22,918 $ 6,429 $ 6,826 The estimated useful lives of Buildings & improvements are primarily 25 to 30 years. The estimated useful lives of Machinery & equipment are primarily 5 to 10 years. Depreciation expense, which is recorded on a straight-line basis, was $1.4 billion, $1.6 billion and $2.0 billion in 2021, 2020 and 2019, respectively. |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill | 6. Goodwill The changes in the carrying amount of goodwill by segment were as follows: (Stated in millions) Reservoir Characterization Drilling Production Cameron Total Balance, December 31, 2019 $ 4,560 $ 7,092 $ 3,949 $ 441 $ 16,042 Impairment (see Note 3) - (1,659 ) (1,228 ) (183 ) (3,070 ) Impact of changes in exchange rates and other - 10 (17 ) 3 (4 ) Balance, September 30, 2020 $ 4,560 $ 5,443 $ 2,704 $ 261 $ 12,968 In connection with a change in reportable segments, Schlumberger reallocated its goodwill as of September 30, 2020 to its new segments on a relative fair value basis: (Stated in millions) Digital & Reservoir Well Production Integration Performance Construction Systems Total Balance, October 1, 2020 $ 2,041 $ 3,806 $ 6,267 $ 854 $ 12,968 Impact of changes in exchange rates and other 6 (4 ) 11 (1 ) 12 Balance, December 31, 2020 2,047 3,802 6,278 853 12,980 Acquisitions 18 - - - 18 Impact of changes in exchange rates and other (13 ) 2 3 - (8 ) Balance, December 31, 2021 $ 2,052 $ 3,804 $ 6,281 $ 853 $ 12,990 |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Intangible Assets | 7. Intangible Assets Intangible assets consist of the following: (Stated in millions) 2021 2020 Gross Accumulated Net Book Gross Accumulated Net Book Book Amortization Value Book Value Amortization Value Customer Relationships $ 1,681 $ 551 $ 1,130 $ 1,744 $ 485 $ 1,259 Technology/Technical Know-How 1,264 562 702 1,284 488 796 Tradenames 766 191 575 767 166 601 Other 1,529 725 804 1,488 689 799 $ 5,240 $ 2,029 $ 3,211 $ 5,283 $ 1,828 $ 3,455 Customer relationships are generally amortized over periods ranging from 18 to 28 years, technology/technical know-how are generally amortized over periods ranging from 10 to 18 years, and tradenames are generally amortized over periods ranging from 15 to 30 years. Amortization expense was $302 million in 2021, $371 million in 2020 and $618 million in 2019. Based on the carrying value of intangible assets at December 31, 2021, amortization expense for the subsequent five years is estimated to be as follows: 2022: $291 million, 2023: $281 million, 2024: $264 million, 2025: $249 million and 2026: $245 million. |
Long-term Debt and Debt Facilit
Long-term Debt and Debt Facility Agreements | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Long-term Debt and Debt Facility Agreements | 8. Long-term Debt and Debt Facility Agreements Long-term Debt consists of the following: (Stated in millions) 2021 2020 3.65% Senior Notes due 2023 $ 1,497 $ 1,496 3.90% Senior Notes due 2028 1,457 1,450 2.65% Senior Notes due 2030 1,250 1,250 1.375% Guaranteed Notes due 2026 1,125 1,221 2.00% Guaranteed Notes due 2032 1,118 1,214 0.25% Notes due 2027 1,013 1,100 0.50% Notes due 2031 1,012 1,099 4.00% Senior Notes due 2025 930 930 4.30% Senior Notes due 2029 846 846 3.75% Senior Notes due 2024 748 746 1.00% Guaranteed Notes due 2026 679 736 0.00% Notes due 2024 563 611 1.40% Senior Notes due 2025 498 498 7.00% Notes due 2038 204 206 5.95% Notes due 2041 113 114 5.13% Notes due 2043 98 99 4.00% Notes due 2023 80 80 3.70% Notes due 2024 55 55 3.63% Senior Notes due 2022 - 295 2.65% Senior Notes due 2022 - 598 2.40% Senior Notes due 2022 - 999 Commercial paper borrowings - 393 $ 13,286 $ 16,036 At December 31, 2021, Schlumberger had committed credit facility agreements with commercial banks aggregating $5.75 billion, all of which of which $ 2.75 billion matures in February 2023, $ 2.0 billion matures in February 2025 and $ billion matures in July 2026 . Schlumberger also has a € 750 m illion three-year committed revolving credit facility that matures in June 2024 . At December 31, 2021 , no amounts had been drawn under this facility. Interest rates and other terms of borrowing under these lines of credit vary by facility. Commercial paper borrowings are classified as long-term debt to the extent they are backed up by available and unused committed credit facilities maturing in more than one year and to the extent it is Schlumberger’s intent to maintain these obligations for longer than one year. There were no borrowings under the commercial paper programs at December 31, 2021. At December 31, 2020, borrowings under the commercial paper programs were $0.4 billion, all of which was classified in Long-term Debt Consolidated Balance Sheet Long-term Debt as of December 31, 2021 is due as follows: $1.6 billion in 2023, $1.4 billion in 2024, $1.4 billion in 2025, $1.8 billion in 2026, $1.0 billion in 2027, $1.5 billion in 2028 and $4.6 billion thereafter. The fair value of Schlumberger’s Long-term Debt Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment SA and Schlumberger Finance Canada Ltd., both wholly-owned subsidiaries of Schlumberger Limited. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 12 Months Ended |
Dec. 31, 2021 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities | 9. Derivative Instruments and Hedging Activities As a multinational company, Schlumberger conducts its business in over 120 countries. Schlumberger’s functional currency is primarily the US dollar. Approximately 70% of Schlumberger’s revenues in 2021 were denominated in US dollars. However, outside the United States, a significant portion of Schlumberger’s expenses is 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. Included in Other Assets Other Liabilities During 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 0.50% 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. During 2020, a US-dollar functional currency subsidiary of Schlumberger issued €0.8 billion of Euro-denominated debt. Schlumberger entered into cross-currency swaps for an aggregate notional amount of €0.8 billion in order to hedge changes in the fair value of its €0.4 billion of 0.25% Notes due 2027 and €0.4 billion of 0.50% Notes due 2031. These cross-currency swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 1.87% and 2.20%, respectively. During 2020, a US-dollar functional currency subsidiary of Schlumberger issued €2.0 billion of Euro-denominated debt. Schlumberger entered into cross-currency swaps for an aggregate notional amount of €2.0 billion in order to hedge changes in the fair value of its €1.0 billion of 1.375% Guaranteed Notes due 2026 and €1.0 billion of 2.00% Guaranteed Notes due 2032. These cross-currency swaps effectively convert the swapped portion of the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.77% and 3.49%, respectively. During 2020, a Canadian dollar functional currency subsidiary of Schlumberger issued $0.5 billion of US dollar denominated debt. Schlumberger entered into cross-currency swaps for an aggregate notional amount of $0.5 billion in order to hedge changes in the fair value of its $0.5 billion 1.40% Senior Notes due 2025. These cross-currency swaps effectively convert the US dollar notes to Canadian dollar denominated debt with a fixed annual interest rate of 1.73%. Schlumberger is exposed to changes in the fair value of assets and liabilities denominated in currencies other than the functional currency. While Schlumberger uses foreign currency forward contracts 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), Consolidated Statement of Income (Loss) During the fourth quarter of 2021, Schlumberger entered into derivative contracts that hedge the price of oil relating to approximately 75% of the projected 2022 oil production of one of its APS projects. 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 Consolidated Statement of Income (Loss) At December 31, 2021, contracts were outstanding for the US dollar equivalent of $7.7 billion in various foreign currencies, of which $6.0 billion relates to hedges of debt denominated in currencies other than the functional currency. Other than the previously mentioned cross-currency swaps, the fair value of the other outstanding derivatives was not material at December 31, 2021 and 2020. The effect of derivative instruments designated as hedges and those not designated as hedges on the Consolidated Statement of Income (Loss) (Stated in millions) Gain (Loss) Recognized in Income (Loss) Consolidated Statement 2021 2020 2019 of Income (Loss) Classification Derivatives designated as cash flow hedges: Cross currency swap $ (422 ) $ 493 $ (35 ) Cost of services/sales Foreign exchange contracts 5 (5 ) (10 ) Cost of services/sales $ (417 ) $ 488 $ (45 ) Derivatives not designated as hedges: Foreign exchange contracts $ (11 ) $ (29 ) $ (5 ) Cost of services/sales Schlumberger does not enter into derivative transactions for speculative purposes. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
Stockholders' Equity | 10. Stockholders’ Equity Schlumberger is authorized to issue 4,500,000,000 shares of common stock, par value $0.01 per share, of which 1,403,381,685 and 1,392,325,960 shares were outstanding on December 31, 2021 and 2020, respectively. Holders of common stock are entitled to one vote for each share of stock held. Schlumberger is also authorized to issue 200,000,000 shares of preferred stock, par value $0.01 per share, which may be issued in series with terms and conditions determined by the Schlumberger Board of Directors. No shares of preferred stock have been issued. Accumulated Other Comprehensive Loss consists of the following: (Stated in millions) 2021 2020 2019 Currency translation adjustments $ (2,419 ) $ (2,502 ) $ (2,263 ) Pension and other postretirement benefit plans (1,066 ) (2,314 ) (2,143 ) Cash flow hedges (85 ) (70 ) (34 ) Other - 2 2 $ (3,570 ) $ (4,884 ) $ (4,438 ) |
Stock-based Compensation Plans
Stock-based Compensation Plans | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock-based Compensation Plans | 11. Stock-based Compensation Plans Schlumberger has three types of stock-based compensation programs: (i) stock options, (ii) a restricted stock, restricted stock unit and performance share unit program (collectively referred to as “restricted stock”), and (iii) a discounted stock purchase plan (“DSPP”). Stock Options Key employees may be granted stock options under Schlumberger stock option plans. The exercise price equals the average of the high and low sales prices of Schlumberger stock on the date of grant. The maximum term is 10 years, and the options generally vest in increments over five years. The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions and resulting weighted-average fair value per share: 2020 2019 Dividend yield 5.2 % 4.8 % Expected volatility 26 % 25 % Risk-free interest rate 1.7 % 2.7 % Expected option life in years 7.0 7.0 Weighted-average fair value per share $ 5.07 $ 6.21 There were no stock option grants during 2021. The following table summarizes information related to options outstanding and options exercisable as of December 31, 2021: (Shares stated in thousands) Options Outstanding Options Exercisable Weighted- Average Remaining Weighted- Weighted- Options Contractual Life Average Options Average Exercise prices range Outstanding (in years) Exercise Price Exercisable Exercise Price $38.75 - $41.47 12,040 7.6 $ 39.86 3,417 $ 40.33 $47.55 - $69.98 2,882 3.3 $ 62.42 2,838 $ 62.47 $70.31 - $79.85 12,276 2.1 $ 73.58 11,564 $ 73.36 $80.53 - $88.77 8,583 4.3 $ 84.46 7,879 $ 84.19 $91.28 - $114.83 6,566 2.7 $ 96.25 6,566 $ 96.25 42,347 4.3 $ 68.95 32,264 $ 76.21 The weighted-average remaining contractual life of stock options exercisable as of December 31, 2021 was 3.3 years. The following table summarizes stock option activity during the years ended December 31, 2021, 2020 and 2019: (Shares stated in thousands) 2021 2020 2019 Weighted- Weighted- Weighted- Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price Outstanding at beginning of year 48,272 $ 70.37 46,269 $ 75.65 43,529 $ 79.36 Granted - $ - 7,468 $ 38.75 5,604 $ 41.50 Exercised - $ - - $ - (1,045 ) $ 38.50 Forfeited / Expired (5,925 ) $ 80.46 (5,465 ) $ 71.86 (1,819 ) $ 74.69 Outstanding at year-end 42,347 $ 68.95 48,272 $ 70.37 46,269 $ 75.65 Stock options outstanding and stock options exercisable as of December 31, 2021 had no intrinsic value. Restricted Stock Schlumberger grants performance share units to certain key employees. The number of shares earned is determined at the end of each performance period based on Schlumberger’s achievement of certain predefined targets as described in the underlying performance share unit agreement. In the event Schlumberger exceeds the predefined target, shares for up to a maximum of 250% of the target award may be awarded. In the event Schlumberger falls below the predefined target, a reduced number of shares may be awarded. If Schlumberger falls below the threshold award performance level, no shares will be awarded. As of December 31, 2021, 4.9 million performance share units were outstanding assuming the achievement of 100% of target. All other restricted stock awards generally vest at the end of three years or vest ratably in equal tranches over a three-year period. Restricted stock awards do not pay dividends or have voting rights prior to vesting. Accordingly, the fair value of a restricted stock award is generally the quoted market price of Schlumberger’s stock on the date of grant less the present value of the expected dividends not received prior to vesting. The following table summarizes information related to restricted stock transactions: (Shares stated in thousands) 2021 2020 2019 Weighted- Weighted- Weighted- Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Stock Fair Value Unvested at beginning of year 18,763 $ 35.24 11,822 $ 49.86 6,951 $ 70.13 Granted 8,287 $ 25.16 10,637 $ 26.53 7,888 $ 35.56 Vested (4,927 ) $ 48.44 (3,059 ) $ 71.56 (2,722 ) $ 72.09 Forfeited (499 ) $ 29.64 (637 ) $ 45.95 (295 ) $ 57.41 Unvested at year-end 21,624 $ 29.03 18,763 $ 35.24 11,822 $ 49.86 Discounted Stock Purchase Plan Under the terms of the DSPP, employees can choose to have a portion of their earnings withheld, subject to certain restrictions, to purchase Schlumberger common stock. The purchase price of the stock is 92.5% of the lower of the stock price at the beginning or end of the plan period at six-month intervals. The fair value of the employees’ purchase rights under the DSPP was estimated using the Black-Scholes model with the following assumptions and resulting weighted-average fair value per share: 2021 2020 2019 Dividend yield 2.0 % 4.0 % 5.3 % Expected volatility 67 % 43 % 30 % Risk-free interest rate 0.07 % 0.88 % 2.3 % Weighted-average fair value per share $ 6.72 $ 5.38 $ 5.81 Total Stock-based Compensation Expense The following summarizes stock-based compensation expense recognized in income: (Stated in millions) 2021 2020 2019 Stock options $ 36 $ 75 $ 99 Restricted stock 254 293 274 DSPP 34 29 32 $ 324 $ 397 $ 405 At December 31, 2021, there was $277 million of total unrecognized compensation cost related to nonvested stock-based compensation arrangements, of which $171 million is expected to be recognized in 2022, $90 million in 2023, $15 million in 2024, and $1 million in 2025. As of December 31, 2021, approximately 44 million shares of Schlumberger common stock were available for future grants under Schlumberger’s stock-based compensation programs. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 12. Income Taxes Income (loss) before taxes subject to United States and non-United States income taxes was as follows: (Stated in millions) 2021 2020 2019 United States $ 30 $ (4,394 ) $ (8,991 ) Outside United States 2,344 (6,904 ) (1,427 ) $ 2,374 $ (11,298 ) $ (10,418 ) Schlumberger recorded net pretax credits of $65 million in 2021 ($75 million of credits in the US and $10 million of charges outside the US). Schlumberger recorded net pretax charges of $12.515 billion in 2020 ($3.961 billion in the US and $8.554 billion outside the US); and $12.901 billion in 2019 ($8.769 billion in the US and $4.132 billion outside the US). These charges and credits are included in the table above and are more fully described in Note 3 – Charges and Credits The components of net deferred tax assets (liabilities) were as follows: (Stated in millions) 2021 2020 Intangible assets $ (855 ) $ (881 ) Net operating losses 427 421 Research and development credits 118 96 Fixed assets, net 151 151 Inventories 58 59 Investments in non-US subsidiaries (161 ) (171 ) Pension and other postretirement benefits (136 ) (31 ) Other, net 304 337 $ (94 ) $ (19 ) The deferred tax balances at December 31, 2021 and 2020 were net of valuation allowances relating to net operating losses in certain countries of $133 million and $127 million, respectively. Additionally, the deferred tax balances were net of valuation allowances relating to the following: (Stated in millions) 2021 2020 Foreign tax credits $ 210 $ 106 Capital losses $ 49 $ 54 Approximately $390 million of the $427 million deferred tax asset relating to net operating losses at December 31, 2021 can be carried forward indefinitely. The vast majority of the remaining balance expires at various dates between 2030 and 2040. The components of Tax expense (benefit) (Stated in millions) 2021 2020 2019 Current: United States-Federal $ (32 ) $ 21 $ (81 ) United States-State - 5 11 Outside United States 509 410 770 477 436 700 Deferred: United States-Federal $ (132 ) $ (824 ) $ (660 ) United States-State 12 (67 ) (93 ) Outside United States (15 ) (563 ) (257 ) Valuation allowance 104 206 (1 ) (31 ) (1,248 ) (1,011 ) $ 446 $ (812 ) $ (311 ) A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows: 2021 2020 2019 US federal statutory rate 21 % 21 % 21 % Charges and credits (See Note 3) - (14 ) (19 ) Other (2 ) - 1 19 % 7 % 3 % A number of the jurisdictions in which Schlumberger operates have tax laws that are not fully defined and are evolving. Schlumberger’s tax filings are subject to regular audit by the tax authorities. These audits may result in assessments for additional taxes that are resolved with the tax authorities or, potentially, through the courts. Tax liabilities are recorded based on estimates of additional taxes that will be due upon the conclusion of these audits. Due to the uncertain and complex application of tax regulations, the ultimate resolution of audits may result in liabilities which could be materially different from these estimates. A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions for the years ended December 31, 2021, 2020 and 2019 is as follows: (Stated in millions) 2021 2020 2019 Balance at beginning of year $ 1,271 $ 1,301 $ 1,433 Additions based on tax positions related to the current year 38 76 86 Additions for tax positions of prior years 19 78 65 Impact of changes in exchange rates (24 ) (3 ) 2 Settlements with tax authorities (49 ) (15 ) (50 ) Reductions for tax positions of prior years (228 ) (87 ) (176 ) Reductions due to the lapse of the applicable statute of limitations (26 ) (79 ) (59 ) $ 1,001 $ 1,271 $ 1,301 The amounts above exclude accrued interest and penalties of $164 million, $184 million and $188 million at December 31, 2021, 2020 and 2019, respectively. Schlumberger classifies interest and penalties relating to uncertain tax positions within Tax expense (benefit) Consolidated Statement of Income (Loss) The following table summarizes the tax years that are either currently under audit or remain open and subject to examination by the tax authorities in the most significant jurisdictions in which Schlumberger operates: Canada 2014 - 2021 Ecuador 2017 - 2021 Mexico 2013 - 2021 Norway 2016 - 2021 Russia 2016 - 2021 Saudi Arabia 2016 - 2021 United Kingdom 2017 - 2021 United States 2017 - 2021 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Leases | 13. Leases Schlumberger’s leasing activities primarily consist of operating leases for administrative offices, manufacturing facilities, research centers, service centers, sales offices and certain equipment. Total operating lease expense, which approximates cash paid and includes short-term leases, was $1.2 billion in 2021, $1.4 billion in 2020 and $1.7 billion in 2019. Maturities of operating lease liabilities as of December 31, 2021 were as follows: (Stated in millions) 2022 $ 191 2023 159 2024 128 2025 99 2026 73 Thereafter 286 Total lease payments $ 936 Less: Interest (122 ) $ 814 Amounts recognized in balance sheet Accounts payable and accrued liabilities $ 186 Other Liabilities 628 $ 814 Operating lease assets of $0.6 billion and $0.7 billion as of December 31, 2021 and 2020, respectively, were included in Other Assets Consolidated Balance Sheet Accounts payable and accrued liabilities Other Liabilities Consolidated Balance Sheet. The weighted-average remaining lease term as of December 31, 2021 was 10 years. The weighted-average discount rate used to determine the operating lease liability as of December 31, 2021 was 3.1%. |
Contingencies
Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Commitments And Contingencies Disclosure [Abstract] | |
Contingencies | 14. 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 | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
Segment Information | 15. Segment Information Schlumberger is organized under four Divisions that combine and integrate Schlumberger’s technologies, enhancing the Company’s ability to support the emerging long-term growth opportunities in each of these market segments. The four Divisions, representing Schlumberger’s segments, are: • Digital & Integration – Combines Schlumberger’s digital workflow solutions and seismic data interpretation and management businesses with its integrated offering of Asset Performance Solutions. • Reservoir Performance – Consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. • Well Construction – Combines the full portfolio of products and services to optimize well placement and performance, maximize drilling efficiency, and improve wellbore assurance. • Production Systems – Develops technologies and provides expertise that enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. Financial information for the years ended December 31, 2021, 2020 and 2019, by segment, is as follows: (Stated in millions) 2021 Depreciation Income and Capital Revenue Before Taxes Assets Amortization Investments Digital & Integration $ 3,290 $ 1,141 $ 3,134 $ 446 $ 516 Reservoir Performance 4,599 648 2,923 415 348 Well Construction 8,706 1,195 4,714 537 424 Production Systems 6,710 634 4,684 302 267 Eliminations & other (376 ) (253 ) 1,501 269 99 3,365 Goodwill and intangible assets 16,201 Cash and short-term investments 3,139 All other assets 5,215 Corporate & other (1) (573 ) 151 Interest income (2) 31 Interest expense (3) (514 ) Charges & credits (4) 65 $ 22,929 $ 2,374 $ 41,511 $ 2,120 $ 1,654 (Stated in millions) 2020 Depreciation Income (Loss) and Capital Revenue Before Taxes Assets Amortization Investments Digital & Integration $ 3,067 $ 727 $ 3,595 $ 615 $ 413 Reservoir Performance 5,602 353 3,489 549 384 Well Construction 8,614 870 4,768 580 420 Production Systems 6,650 623 4,665 338 240 Eliminations & other (332 ) (172 ) 940 276 63 2,401 Goodwill and intangible assets 16,436 Cash and short-term investments 3,006 All other assets 5,535 Corporate & other (1) (681 ) 208 Interest income (2) 31 Interest expense (3) (534 ) Charges & credits (4) (12,515 ) $ 23,601 $ (11,298 ) $ 42,434 $ 2,566 $ 1,520 (Stated in millions) 2019 Depreciation Income (Loss) and Capital Revenue Before Taxes Assets Amortization Investments Digital & Integration $ 4,145 $ 882 $ 6,388 $ 1,069 $ 1,020 Reservoir Performance 9,299 992 5,198 807 569 Well Construction 11,880 1,429 6,913 656 650 Production Systems 8,167 847 5,625 390 384 Eliminations & other (574 ) (172 ) 1,314 250 113 3,978 Goodwill and intangible assets 23,130 Cash and short-term investments 2,167 All other assets 5,577 Corporate & other (1) (957 ) 417 Interest income (2) 33 Interest expense (3) (571 ) Charges & credits (4) (12,901 ) $ 32,917 $ (10,418 ) $ 56,312 $ 3,589 $ 2,736 (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 (2021: $2 million; 2020: $2 million; 2019: $8 million). (3) Interest expense excludes amounts which are included in the segments’ income (2021: $15 million; 2020: $28 million; 2019: $38 million). (4) See Note 3 – Charges and Credits . Segment assets consist of receivables, inventories, fixed assets, multiclient seismic data and APS investments. Capital investments includes capital expenditures, APS investments and multiclient seismic data cost capitalized. Depreciation and amortization includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS investments. Revenue by geographic area for the years ended December 31, 2021, 2020 and 2019 is as follows: (Stated in millions) 2021 2020 2019 North America $ 4,466 $ 5,478 $ 10,446 Latin America 4,459 3,472 4,544 Europe/CIS/Africa 5,778 5,963 7,682 Middle East & Asia 8,059 8,567 10,016 Eliminations & other 167 121 229 $ 22,929 $ 23,601 $ 32,917 Revenue is based on the location where services are provided and products are sold. During each of the three years ended December 31, 2021, 2020 and 2019, no single customer exceeded 10% of consolidated revenue. Schlumberger did not have revenue from third-party customers in its country of domicile during the last three years. Revenue in the United States in 2021, 2020 and 2019 was $3.4 billion, $4.5 billion and $9.3 billion, respectively. North America and International revenue disaggregated by segment was as follows: (Stated in millions) 2021 North America International Eliminations & other Total Digital & Integration $ 812 $ 2,474 $ 4 $ 3,290 Reservoir Performance 329 4,266 4 4,599 Well Construction 1,485 7,025 196 8,706 Production Systems 1,832 4,865 13 6,710 Eliminations & other 8 (334 ) (50 ) (376 ) $ 4,466 $ 18,296 $ 167 $ 22,929 (Stated in millions) 2020 North America International Eliminations & other Total Digital & Integration $ 573 $ 2,487 $ 7 $ 3,067 Reservoir Performance 1,547 4,043 12 5,602 Well Construction 1,453 6,965 196 8,614 Production Systems 1,921 4,702 27 6,650 Eliminations & other (16 ) (195 ) (121 ) (332 ) $ 5,478 $ 18,002 $ 121 $ 23,601 (Stated in millions) 2019 North America International Eliminations & other Total Digital & Integration $ 865 $ 3,272 $ 8 $ 4,145 Reservoir Performance 3,779 5,508 12 9,299 Well Construction 2,814 8,809 257 11,880 Production Systems 3,053 5,060 54 8,167 Eliminations & other (65 ) (407 ) (102 ) (574 ) $ 10,446 $ 22,242 $ 229 $ 32,917 Fixed Assets less accumulated depreciation by geographic area are as follows: (Stated in millions) 2021 2020 North America $ 1,368 $ 1,588 Latin America 868 841 Europe/CIS/Africa 1,690 1,840 Middle East & Asia 2,049 2,353 Unallocated 454 204 $ 6,429 $ 6,826 |
Pension and Other Benefit Plans
Pension and Other Benefit Plans | 12 Months Ended |
Dec. 31, 2021 | |
Compensation And Retirement Disclosure [Abstract] | |
Pension and Other Benefit Plans | 16. Pension and Other Postretirement Benefit Plans Pension Plans Schlumberger sponsors several defined benefit pension plans that cover substantially all US employees hired prior to October 1, 2004. The benefits are based on years of service and compensation, on a career-average pay basis. In addition to the US defined benefit pension plans, Schlumberger sponsors several other international defined benefit pension plans. The most significant of these international plans are the International Staff Pension Plan and the UK pension plan (collectively, the “International plans”). The International Staff Pension Plan covers certain international employees hired prior to July 1, 2014 and is based on years of service and compensation on a career-average pay basis. The UK plan covers employees hired prior to April 1, 1999, and is based on years of service and compensation, on a final salary basis. The weighted-average assumed discount rate, compensation increases and expected long-term rate of return on plan assets used to determine the net pension cost for the US and International plans were as follows: US International 2021 2020 2019 2021 2020 2019 Discount rate 2.60 % 3.30 % 4.30 % 2.38 % 3.27 % 4.00 % Compensation increases 4.00 % 4.00 % 4.00 % 4.82 % 4.83 % 4.83 % Return on plan assets 6.60 % 6.60 % 6.60 % 6.73 % 6.71 % 7.22 % Net pension cost (credit) included the following components: (Stated in millions) US International 2021 2020 2019 2021 2020 2019 Service cost $ 44 $ 55 $ 49 $ 117 $ 140 $ 112 Interest cost 127 148 180 267 301 333 Expected return on plan assets (254 ) (233 ) (232 ) (640 ) (591 ) (592 ) Amortization of prior service cost - 8 10 - - 7 Amortization of net loss 44 41 29 227 159 70 Settlement charge - - 37 - - - $ (39 ) $ 19 $ 73 $ (29 ) $ 9 $ (70 ) During 2019, certain of Schlumberger’s deferred benefit pension plans offered former Schlumberger employees, who had not yet commenced receiving their pension benefits, an opportunity to receive a lump sum payout of their vested pension benefit. Schlumberger’s pension plans paid $257 million from pension plan assets to those who accepted this offer, thereby reducing its pension benefit obligations. These transactions resulted in a non-cash pension settlement charge of $37 million, representing the immediate recognition of the related deferred actuarial losses in Accumulated Other Comprehensive Loss Charges and Credits The weighted-average assumed discount rate and compensation increases used to determine the projected benefit obligations for the US and International plans were as follows: US International 2021 2020 2021 2020 Discount rate 3.00 % 2.60 % 2.83 % 2.38 % Compensation increases 4.00 % 4.00 % 4.83 % 4.82 % The changes in the projected benefit obligation, plan assets and funded status of the plans were as follows: (Stated in millions) US International 2021 2020 2021 2020 Change in Projected Benefit Obligations Projected benefit obligation at beginning of year $ 4,940 $ 4,593 $ 11,140 $ 9,647 Service cost 44 55 117 140 Interest cost 127 148 267 301 Contribution by plan participants - - 53 94 Actuarial (gains) losses (211 ) 370 (586 ) 1,228 Currency effect - - (18 ) 68 Benefits paid (232 ) (226 ) (355 ) (338 ) Projected benefit obligation at end of year $ 4,668 $ 4,940 $ 10,618 $ 11,140 Change in Plan Assets Plan assets at fair value at beginning of year $ 4,776 $ 4,236 $ 10,493 $ 9,363 Actual return on plan assets 145 760 1,040 1,282 Currency effect - - (28 ) 72 Company contributions 7 6 18 20 Contributions by plan participants - - 53 94 Benefits paid (232 ) (226 ) (355 ) (338 ) Plan assets at fair value at end of year $ 4,696 $ 4,776 $ 11,221 $ 10,493 Asset / (Unfunded Liability) $ 28 $ (164 ) $ 603 $ (647 ) Amounts Recognized in Balance Sheet Postretirement Benefits $ (212 ) $ (199 ) $ (19 ) $ (849 ) Other Assets 240 35 622 202 $ 28 $ (164 ) $ 603 $ (647 ) Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial losses $ 276 $ 423 $ 1,174 $ 1,981 Prior service cost - 1 - - $ 276 $ 424 $ 1,174 $ 1,981 Accumulated benefit obligation $ 4,484 $ 4,739 $ 10,370 $ 10,844 The asset / (unfunded liability) represents the difference between the plan assets and the projected benefit obligation (“PBO”). The PBO represents the actuarial present value of benefits based on employee service and compensation and includes an assumption about future compensation levels. The accumulated benefit obligation (“ABO”) represents the actuarial present value of benefits based on employee service and compensation but does not include an assumption about future compensation levels. Actuarial gains arising during 2021 and actuarial losses arising during 2020 were primarily attributable to changes in the discount rate used to determine the PBO. The weighted-average allocation of plan assets and the target allocations by asset category as of December 31, 2021 are as follows: US International Target 2021 2020 Target 2021 2020 Equity securities 4 - 8 % 5 % 15 % 20 - 30 % 23 % 45 % Debt securities 80 - 90 84 76 50 - 60 53 35 Cash and cash equivalents 0 - 3 2 3 0 - 5 3 3 Alternative investments 8 - 15 9 6 19 - 26 21 17 100 % 100 % 100 % 100 % 100 % 100 % Asset performance is monitored frequently with an overall expectation that plan assets will meet or exceed the weighted index of its target asset allocation and component benchmark over rolling five-year The expected rate of return on assets assumptions reflect the long-term average rate of earnings expected on funds invested or to be invested. The assumptions have been determined based on expectations regarding future rates of return for the portfolio considering the asset allocation and related historical rates of return. The appropriateness of the assumptions is reviewed annually. The fair value of Schlumberger’s pension plan assets at December 31, 2021 and 2020, by asset category, is presented below and was determined based on valuation techniques categorized as follows: • Level One: The use of quoted prices in active markets for identical instruments. • Level Two: The use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or other inputs that are observable in the market or can be corroborated by observable market data. • Level Three: The use of significant unobservable inputs that typically require the use of management’s estimates of assumptions that market participants would use in pricing. (Stated in millions) US Plan Assets 2021 2020 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 68 $ 61 $ 7 $ - $ 140 $ 127 $ 13 $ - Equity Securities: US 212 196 16 - 527 441 86 - International 49 48 1 - 186 182 4 - Debt Securities: Corporate bonds 2,583 - 2,583 - 1,945 - 1,945 - Government and government-related debt securities 1,353 199 1,154 - 1,679 180 1,499 - Alternative Investments: Private equity 293 - - 293 204 - - 204 Real estate 99 - - 99 95 - - 95 Private debt 39 - - 39 - - - - Total $ 4,696 $ 504 $ 3,761 $ 431 $ 4,776 $ 930 $ 3,547 $ 299 (Stated in millions) International Plan Assets 2021 2020 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 362 $ 353 $ 9 $ - $ 288 $ 215 $ 73 $ - Equity Securities: US 1,909 1,600 309 - 3,075 2,393 682 - International 717 717 - - 1,711 1,615 96 - Debt Securities: Corporate bonds 2,859 - 2,859 - 1,223 - 1,223 - Government and government-related debt securities 2,390 221 2,169 - 2,371 213 2,158 - Collateralized mortgage obligations and mortgage backed securities 644 - 644 - 84 - 84 - Alternative Investments: Private equity 1,284 - - 1,284 842 - - 842 Private debt 869 - - 869 699 - - 699 Real estate 187 - - 187 200 - - 200 Total $ 11,221 $ 2,891 $ 5,990 $ 2,340 $ 10,493 $ 4,436 $ 4,316 $ 1,741 Schlumberger’s funding policy is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability, amounts that are deductible for income tax purposes, legal funding requirements and available cash flow. Schlumberger does not expect to make any material contributions Postretirement Benefits Other Than Pensions Schlumberger provides healthcare benefits to certain former US employees who have retired. The actuarial assumptions used to determine the accumulated postretirement benefit obligation and net periodic benefit cost for the US postretirement medical plan were as follows: Benefit Obligations Net Periodic Benefit At December 31, Cost for the Year 2021 2020 2021 2020 2019 Discount rate 3.00 % 2.60 % 2.60 % 3.30 % 4.30 % Return on plan assets - - 7.00 % 7.00 % 7.00 % Current medical cost trend rate 6.75 % 7.25 % 7.00 % 7.25 % 7.50 % Ultimate medical cost trend rate 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Year that the rate reaches the ultimate trend rate 2031 2031 2031 2031 2031 The net periodic benefit credit for the US postretirement medical plan included the following components: (Stated in millions) 2021 2020 2019 Service cost $ 28 $ 31 $ 29 Interest cost 32 36 45 Expected return on plan assets (73 ) (70 ) (64 ) Amortization of prior service credit (23 ) (25 ) (28 ) Curtailment gain - (69 ) - $ (36 ) $ (97 ) $ (18 ) Due to the actions taken by Schlumberger to reduce its global workforce during 2020, Schlumberger experienced a significant reduction in the expected aggregate years of future service of its employees in its US postretirement medical plan. Accordingly, Schlumberger recorded a curtailment gain of $69 million during the second quarter of 2020 relating to this plan. The curtailment gain includes recognition of the decrease in the benefit obligation as well as a portion of the previously unrecognized prior service credit, reflecting the reduction in expected years of future service. As a result of the curtailment, Schlumberger performed a remeasurement of the plan, which had an immaterial impact. This gain was classified in Impairments & other Consolidated Statement of Income (Loss) Charges and Credits The changes in the accumulated postretirement benefit obligation, plan assets and funded status were as follows: (Stated in millions) 2021 2020 Change in Projected Benefit Obligations Benefit obligation at beginning of year $ 1,234 $ 1,193 Service cost 28 31 Interest cost 32 36 Contribution by plan participants 10 8 Actuarial (gains) losses (95 ) 64 Benefits paid (63 ) (58 ) Curtailment - (40 ) Benefit obligation at end of year $ 1,146 $ 1,234 Change in Plan Assets Plan assets at fair value at beginning of year $ 1,356 $ 1,185 Actual return on plan assets 15 221 Contributions by plan participants 10 8 Benefits paid (63 ) (58 ) Plan assets at fair value at end of year $ 1,318 $ 1,356 Asset $ 172 $ 122 Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial gains $ 225 $ 186 Prior service credit 81 104 $ 306 $ 290 The asset balance relating to this plan was included in Other Assets Consolidated Balance Sheet The assets of the US postretirement medical plan are invested 13% in equity securities and 87% in debt securities at December 31, 2021. The fair value of these assets was primarily determined based on Level Two valuation techniques. Other Information The expected benefits to be paid under the US and International pension plans as well as the postretirement medical plan are as follows: (Stated in millions) Pension Benefits Postretirement US International Medical Plan 2022 $ 237 $ 370 $ 53 2023 $ 238 $ 380 $ 53 2024 $ 239 $ 391 $ 53 2025 $ 239 $ 403 $ 54 2026 $ 240 $ 407 $ 54 2027-2031 $ 1,213 $ 2,260 $ 294 |
Supplementary Information
Supplementary Information | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
Supplementary Information | 17. Supplementary Information Cash paid for interest and income taxes was as follows: (Stated in millions) 2021 2020 2019 Interest $ 560 $ 598 $ 558 Income tax $ 591 $ 582 $ 739 Interest and other income includes the following: (Stated in millions) 2021 2020 2019 Earnings of equity method investments $ 40 $ 91 $ 45 Interest income 33 33 41 Unrealized gain on marketable securities (see Note 3) 47 39 - Gain on sale of Liberty shares (see Note 3) 28 - - $ 148 $ 163 $ 86 The components of depreciation and amortization expense are as follows: (Stated in millions) 2021 2020 2019 Depreciation of fixed assets $ 1,402 $ 1,625 $ 1,976 Amortization of APS investments 305 396 731 Amortization of intangible assets 302 371 618 Amortization of multiclient seismic data 111 174 264 $ 2,120 $ 2,566 $ 3,589 The change in Allowance for doubtful accounts (Stated in millions) 2021 2020 2019 Balance at beginning of year $ 301 $ 255 $ 249 Additions 47 58 5 Amounts written off (29 ) (12 ) 1 Balance at end of year $ 319 $ 301 $ 255 Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both December 31, 2021 and 2020. Such amounts are included within Receivables less allowance for doubtful accounts Consolidated Balance Sheet Other Assets consist of the following: (Stated in millions) 2021 2020 Investments in APS projects $ 1,786 $ 1,713 Pension and other postretirement 1,034 360 Operating lease assets 553 710 Multiclient seismic data 154 317 Fair value of hedge contracts 66 427 Other 590 666 $ 4,183 $ 4,193 Accounts payable and accrued liabilities consist of the following: (Stated in millions) 2021 2020 Trade $ 3,205 $ 2,937 Payroll, vacation and employee benefits 1,377 1,524 Billings and cash collections in excess of revenue 1,088 941 Other 2,712 3,040 $ 8,382 $ 8,442 |
Summary of Accounting Policies
Summary of Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, Schlumberger evaluates its estimates, including those related to collectibility of accounts receivable; revenue recognized for certain long-term construction-type contracts over time; recoverability of fixed assets, goodwill, intangible assets, Asset Performance Solutions investments and investments in affiliates; income taxes; multiclient seismic data; contingencies and actuarial assumptions for employee benefit plans. Schlumberger bases its estimates on historical experience and other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. |
Revenue Recognition | Revenue Recognition Schlumberger recognizes revenue upon the transfer of control of promised products or services to customers at an amount that reflects the consideration it expects to receive in exchange for these products or services. The vast majority of Schlumberger’s services and product offerings are short-term in nature. The time between invoicing and when payment is due under these arrangements is generally between 30 to 60 days. Revenue is occasionally generated from contractual arrangements that include multiple performance obligations. Revenue from these arrangements is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are generally determined based on the prices charged to customers or using expected costs plus margin. Revenue is recognized for certain long-term construction-type contracts over time. These contracts involve significant design and engineering efforts in order to satisfy custom designs for customer-specific applications. Revenue is recognized as work progresses on each contract. Progress is measured by the ratio of actual costs incurred to date on the project in relation to total estimated project costs. The estimate of total project costs has a significant impact on both the amount of revenue recognized as well as the related profit on a project. Revenue and profits on contracts can also be significantly affected by change orders and claims. Due to the nature of these projects, adjustments to estimates of contract revenue and total contract costs may be required as work progresses. Progress billings are generally issued upon completion of certain phases of work as stipulated in the contract. Any expected losses on a project are recorded in full in the period in which they become probable. Due to the nature of its businesses, Schlumberger does not have significant backlog. Total backlog was $2.8 billion at December 31, 2021, of which approximately 50% is expected to be recognized as revenue during 2022. |
Short-term and Investments | Short-term Investments Short-term investments are comprised primarily of money market funds, time deposits, certificates of deposit, commercial paper, bonds and notes, substantially all of which are denominated in US dollars and are stated at cost plus accrued interest, which approximates fair value. For purposes of the Consolidated Statement of Cash Flows Short-term investments |
Investments in Affiliated Companies | Investments in Affiliated Companies Investments in companies in which Schlumberger does not have a controlling financial interest, but over which it has significant influence, are accounted for using the equity method. Schlumberger’s share of the after-tax earnings of equity method investees is included in Interest & other income Interest & other income |
Multiclient Seismic Data | Multiclient Seismic Data Schlumberger’s multiclient library consists of completed and in-process seismic surveys that are licensed on a nonexclusive basis. Schlumberger capitalizes costs directly incurred in acquiring and processing the multiclient seismic data. Such costs are charged to Cost of services The carrying value of the multiclient library is reviewed for impairment annually as well as when an event or change in circumstance indicating impairment may have occurred. Adjustments to the carrying value are recorded when it is determined that estimated future cash flows, which involve significant judgment on the part of Schlumberger, would not be sufficient to recover the carrying value of the surveys. Significant adverse changes in Schlumberger’s estimated future cash flows could result in impairment charges in a future period. |
Asset Performance Solutions | Asset Performance Solutions Asset Performance Solutions (“APS”) projects are generally focused on developing and co-managing production of customers’ assets under long-term agreements. Schlumberger invests its own services and products into the field development activities and operations and is compensated on a fee-per-barrel basis or based on cash flow generated. This includes certain arrangements whereby Schlumberger is only compensated based on incremental production that it helps deliver above a mutually agreed baseline. Schlumberger capitalizes its investments in a project including the direct costs associated with providing its services or products. These capitalized investments are amortized to the Consolidated Statement of Income (Loss) |
Concentration of Credit Risk | Concentration of Credit Risk Schlumberger’s assets that are exposed to concentrations of credit risk consist primarily of cash, short-term investments, receivables from clients and derivative financial instruments. Schlumberger places its cash and short-term investments with financial institutions and corporations and limits the amount of credit exposure with any one of them. Schlumberger regularly evaluates the creditworthiness of the issuers in which it invests. By using derivative financial instruments to hedge certain exposures, Schlumberger exposes itself to some credit risk. Schlumberger minimizes this credit risk by entering into transactions with high-quality counterparties, limiting the exposure to each counterparty and monitoring the financial condition of its counterparties. Schlumberger generates revenue in more than 120 countries and as such, its accounts receivable are spread over many countries and customers. The United States represented 12% of Schlumberger’s net accounts receivable balance at December 31, 2021. No other country accounted for greater than 10% of Schlumberger’s accounts receivable balance. Schlumberger maintains an allowance for uncollectible accounts receivable based on expected collectability and performs ongoing credit evaluations of its customers’ financial condition. If the financial condition of Schlumberger’s customers were to deteriorate resulting in an impairment of their ability to make payments, adjustments to the allowance may be required. |
Earnings per Share | Earnings per Share The following is a reconciliation from basic to diluted earnings (loss) per share of Schlumberger for each of the last three years: (Stated in millions, except per share amounts) Net Income (Loss) Attributable to Schlumberger Average Shares Outstanding Earnings (Loss) per Share 2021: Basic $ 1,881 1,400 $ 1.34 Assumed exercise of stock options - - Unvested restricted stock - 27 Diluted $ 1,881 1,427 $ 1.32 2020: Basic $ (10,518 ) 1,390 $ (7.57 ) Assumed exercise of stock options - - Unvested restricted stock - - Diluted $ (10,518 ) 1,390 $ (7.57 ) 2019: Basic $ (10,137 ) 1,385 $ (7.32 ) Assumed exercise of stock options - - Unvested restricted stock - - Diluted $ (10,137 ) 1,385 $ (7.32 ) The number of outstanding employee stock options to purchase shares of Schlumberger common stock and unvested restricted stock units that were not included in the computation of diluted earnings/loss per share, because to do so would have had an anti-dilutive effect, were as follows: (Stated in millions) 2021 2020 2019 Employee stock options 42 48 46 Unvested restricted stock - 19 12 |
Summary of Accounting Policie_2
Summary of Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Reconciliation of Earnings Per Share | The following is a reconciliation from basic to diluted earnings (loss) per share of Schlumberger for each of the last three years: (Stated in millions, except per share amounts) Net Income (Loss) Attributable to Schlumberger Average Shares Outstanding Earnings (Loss) per Share 2021: Basic $ 1,881 1,400 $ 1.34 Assumed exercise of stock options - - Unvested restricted stock - 27 Diluted $ 1,881 1,427 $ 1.32 2020: Basic $ (10,518 ) 1,390 $ (7.57 ) Assumed exercise of stock options - - Unvested restricted stock - - Diluted $ (10,518 ) 1,390 $ (7.57 ) 2019: Basic $ (10,137 ) 1,385 $ (7.32 ) Assumed exercise of stock options - - Unvested restricted stock - - Diluted $ (10,137 ) 1,385 $ (7.32 ) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The number of outstanding employee stock options to purchase shares of Schlumberger common stock and unvested restricted stock units that were not included in the computation of diluted earnings/loss per share, because to do so would have had an anti-dilutive effect, were as follows: (Stated in millions) 2021 2020 2019 Employee stock options 42 48 46 Unvested restricted stock - 19 12 |
Charges and Credits (Tables)
Charges and Credits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Restructuring And Related Activities [Abstract] | |
Summary of Charges and Credits | Schlumberger recorded the following charges and credits during 2021: (Stated in millions) Pretax Tax Net Third quarter: Unrealized gain on marketable securities $ (47 ) $ (11 ) $ (36 ) Fourth quarter: Gain on sale of Liberty shares (28 ) (4 ) (24 ) Early repayment of bonds 10 - 10 $ (65 ) $ (15 ) $ (50 ) Schlumberger recorded the following charges and credits during 2020, all of which, unless otherwise noted, are classified in Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Net First quarter: Goodwill $ 3,070 $ - $ 3,070 Intangible assets impairments 3,321 815 2,506 Asset Performance Solutions investments 1,264 (4 ) 1,268 North America pressure pumping impairment 587 133 454 Workforce reductions 202 7 195 Other 79 9 70 Valuation allowance - (164 ) 164 Second quarter: Workforce reductions 1,021 71 950 Asset Performance Solutions investments 730 15 715 Fixed asset impairments 666 52 614 Inventory write-downs 603 49 554 Right-of-use asset impairments 311 67 244 Costs associated with exiting certain activities 205 (25 ) 230 Multiclient seismic data impairment 156 2 154 Repurchase of bonds 40 2 38 Postretirement benefits curtailment gain (69 ) (16 ) (53 ) Other 60 4 56 Third quarter: Facility exit charges 254 39 215 Workforce reductions 63 - 63 Other 33 1 32 Fourth quarter: Gain on sale of OneStim (104 ) (11 ) (93 ) Unrealized gain on marketable securities (39 ) (9 ) (30 ) Other 62 4 58 $ 12,515 $ 1,041 $ 11,474 Schlumberger recorded the following charges and credits during 2019, all of which are classified as Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Net Third quarter: Goodwill impairment $ 8,828 $ 43 $ 8,785 Intangible assets impairment 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 Asset Performance Solutions investments 294 - 294 Other 242 13 229 Fourth quarter: North America restructuring 225 51 174 Other restructuring 104 (33 ) 137 Workforce reductions 68 8 60 Pension settlement accounting 37 8 29 Repurchase of bonds 22 5 17 Gain on formation of Sensia joint venture (247 ) (42 ) (205 ) $ 12,901 $ 710 $ 12,191 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Inventory Disclosure [Abstract] | |
Summary of Inventory | Inventories, which are stated at the lower of average cost or net realizable value, consist of the following: (Stated in millions) 2021 2020 Raw materials & field materials $ 1,594 $ 1,573 Work in progress 425 464 Finished goods 1,253 1,317 $ 3,272 $ 3,354 |
Fixed Assets (Tables)
Fixed Assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property Plant And Equipment [Abstract] | |
Summary of Fixed Assets | Fixed assets consist of the following: (Stated in millions) 2021 2020 Land $ 372 $ 362 Buildings & improvements 4,371 3,757 Machinery & equipment 24,334 25,625 29,077 29,744 Less: Accumulated depreciation 22,648 22,918 $ 6,429 $ 6,826 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill by segment were as follows: (Stated in millions) Reservoir Characterization Drilling Production Cameron Total Balance, December 31, 2019 $ 4,560 $ 7,092 $ 3,949 $ 441 $ 16,042 Impairment (see Note 3) - (1,659 ) (1,228 ) (183 ) (3,070 ) Impact of changes in exchange rates and other - 10 (17 ) 3 (4 ) Balance, September 30, 2020 $ 4,560 $ 5,443 $ 2,704 $ 261 $ 12,968 In connection with a change in reportable segments, Schlumberger reallocated its goodwill as of September 30, 2020 to its new segments on a relative fair value basis: (Stated in millions) Digital & Reservoir Well Production Integration Performance Construction Systems Total Balance, October 1, 2020 $ 2,041 $ 3,806 $ 6,267 $ 854 $ 12,968 Impact of changes in exchange rates and other 6 (4 ) 11 (1 ) 12 Balance, December 31, 2020 2,047 3,802 6,278 853 12,980 Acquisitions 18 - - - 18 Impact of changes in exchange rates and other (13 ) 2 3 - (8 ) Balance, December 31, 2021 $ 2,052 $ 3,804 $ 6,281 $ 853 $ 12,990 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets by Major Class | Intangible assets consist of the following: (Stated in millions) 2021 2020 Gross Accumulated Net Book Gross Accumulated Net Book Book Amortization Value Book Value Amortization Value Customer Relationships $ 1,681 $ 551 $ 1,130 $ 1,744 $ 485 $ 1,259 Technology/Technical Know-How 1,264 562 702 1,284 488 796 Tradenames 766 191 575 767 166 601 Other 1,529 725 804 1,488 689 799 $ 5,240 $ 2,029 $ 3,211 $ 5,283 $ 1,828 $ 3,455 |
Long-term Debt and Debt Facil_2
Long-term Debt and Debt Facility Agreements (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Summary of Long-term Debt | Long-term Debt consists of the following: (Stated in millions) 2021 2020 3.65% Senior Notes due 2023 $ 1,497 $ 1,496 3.90% Senior Notes due 2028 1,457 1,450 2.65% Senior Notes due 2030 1,250 1,250 1.375% Guaranteed Notes due 2026 1,125 1,221 2.00% Guaranteed Notes due 2032 1,118 1,214 0.25% Notes due 2027 1,013 1,100 0.50% Notes due 2031 1,012 1,099 4.00% Senior Notes due 2025 930 930 4.30% Senior Notes due 2029 846 846 3.75% Senior Notes due 2024 748 746 1.00% Guaranteed Notes due 2026 679 736 0.00% Notes due 2024 563 611 1.40% Senior Notes due 2025 498 498 7.00% Notes due 2038 204 206 5.95% Notes due 2041 113 114 5.13% Notes due 2043 98 99 4.00% Notes due 2023 80 80 3.70% Notes due 2024 55 55 3.63% Senior Notes due 2022 - 295 2.65% Senior Notes due 2022 - 598 2.40% Senior Notes due 2022 - 999 Commercial paper borrowings - 393 $ 13,286 $ 16,036 |
Derivative Instruments and He_2
Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Loss) | The effect of derivative instruments designated as hedges and those not designated as hedges on the Consolidated Statement of Income (Loss) (Stated in millions) Gain (Loss) Recognized in Income (Loss) Consolidated Statement 2021 2020 2019 of Income (Loss) Classification Derivatives designated as cash flow hedges: Cross currency swap $ (422 ) $ 493 $ (35 ) Cost of services/sales Foreign exchange contracts 5 (5 ) (10 ) Cost of services/sales $ (417 ) $ 488 $ (45 ) Derivatives not designated as hedges: Foreign exchange contracts $ (11 ) $ (29 ) $ (5 ) Cost of services/sales |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss consists of the following: (Stated in millions) 2021 2020 2019 Currency translation adjustments $ (2,419 ) $ (2,502 ) $ (2,263 ) Pension and other postretirement benefit plans (1,066 ) (2,314 ) (2,143 ) Cash flow hedges (85 ) (70 ) (34 ) Other - 2 2 $ (3,570 ) $ (4,884 ) $ (4,438 ) |
Stock-based Compensation Plans
Stock-based Compensation Plans (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Weighted Average Assumptions Used in Estimating Fair Value of Stock Options | The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions and resulting weighted-average fair value per share: 2020 2019 Dividend yield 5.2 % 4.8 % Expected volatility 26 % 25 % Risk-free interest rate 1.7 % 2.7 % Expected option life in years 7.0 7.0 Weighted-average fair value per share $ 5.07 $ 6.21 There were no stock option grants during 2021. |
Options Outstanding and Option Exercisable | The following table summarizes information related to options outstanding and options exercisable as of December 31, 2021: (Shares stated in thousands) Options Outstanding Options Exercisable Weighted- Average Remaining Weighted- Weighted- Options Contractual Life Average Options Average Exercise prices range Outstanding (in years) Exercise Price Exercisable Exercise Price $38.75 - $41.47 12,040 7.6 $ 39.86 3,417 $ 40.33 $47.55 - $69.98 2,882 3.3 $ 62.42 2,838 $ 62.47 $70.31 - $79.85 12,276 2.1 $ 73.58 11,564 $ 73.36 $80.53 - $88.77 8,583 4.3 $ 84.46 7,879 $ 84.19 $91.28 - $114.83 6,566 2.7 $ 96.25 6,566 $ 96.25 42,347 4.3 $ 68.95 32,264 $ 76.21 |
Summary of Stock Option Activity | The following table summarizes stock option activity during the years ended December 31, 2021, 2020 and 2019: (Shares stated in thousands) 2021 2020 2019 Weighted- Weighted- Weighted- Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price Outstanding at beginning of year 48,272 $ 70.37 46,269 $ 75.65 43,529 $ 79.36 Granted - $ - 7,468 $ 38.75 5,604 $ 41.50 Exercised - $ - - $ - (1,045 ) $ 38.50 Forfeited / Expired (5,925 ) $ 80.46 (5,465 ) $ 71.86 (1,819 ) $ 74.69 Outstanding at year-end 42,347 $ 68.95 48,272 $ 70.37 46,269 $ 75.65 |
Restricted Stock Transactions | The following table summarizes information related to restricted stock transactions: (Shares stated in thousands) 2021 2020 2019 Weighted- Weighted- Weighted- Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Stock Fair Value Unvested at beginning of year 18,763 $ 35.24 11,822 $ 49.86 6,951 $ 70.13 Granted 8,287 $ 25.16 10,637 $ 26.53 7,888 $ 35.56 Vested (4,927 ) $ 48.44 (3,059 ) $ 71.56 (2,722 ) $ 72.09 Forfeited (499 ) $ 29.64 (637 ) $ 45.95 (295 ) $ 57.41 Unvested at year-end 21,624 $ 29.03 18,763 $ 35.24 11,822 $ 49.86 |
Assumptions Used in Estimating Fair Value of Purchase Rights under Discounted Stock Purchase Plan | The fair value of the employees’ purchase rights under the DSPP was estimated using the Black-Scholes model with the following assumptions and resulting weighted-average fair value per share: 2021 2020 2019 Dividend yield 2.0 % 4.0 % 5.3 % Expected volatility 67 % 43 % 30 % Risk-free interest rate 0.07 % 0.88 % 2.3 % Weighted-average fair value per share $ 6.72 $ 5.38 $ 5.81 |
Stock-Based Compensation Expense Recognized in Income | The following summarizes stock-based compensation expense recognized in income: (Stated in millions) 2021 2020 2019 Stock options $ 36 $ 75 $ 99 Restricted stock 254 293 274 DSPP 34 29 32 $ 324 $ 397 $ 405 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income (Loss) Before Taxes | Income (loss) before taxes subject to United States and non-United States income taxes was as follows: (Stated in millions) 2021 2020 2019 United States $ 30 $ (4,394 ) $ (8,991 ) Outside United States 2,344 (6,904 ) (1,427 ) $ 2,374 $ (11,298 ) $ (10,418 ) |
Components of Net Deferred Tax Assets (Liabilities) | The components of net deferred tax assets (liabilities) were as follows: (Stated in millions) 2021 2020 Intangible assets $ (855 ) $ (881 ) Net operating losses 427 421 Research and development credits 118 96 Fixed assets, net 151 151 Inventories 58 59 Investments in non-US subsidiaries (161 ) (171 ) Pension and other postretirement benefits (136 ) (31 ) Other, net 304 337 $ (94 ) $ (19 ) |
Deferred Tax Assets and Liabilities Valuation Allowances | The deferred tax balances at December 31, 2021 and 2020 were net of valuation allowances relating to net operating losses in certain countries of $133 million and $127 million, respectively. Additionally, the deferred tax balances were net of valuation allowances relating to the following: (Stated in millions) 2021 2020 Foreign tax credits $ 210 $ 106 Capital losses $ 49 $ 54 |
Components of Tax Expense (Benefit) | The components of Tax expense (benefit) (Stated in millions) 2021 2020 2019 Current: United States-Federal $ (32 ) $ 21 $ (81 ) United States-State - 5 11 Outside United States 509 410 770 477 436 700 Deferred: United States-Federal $ (132 ) $ (824 ) $ (660 ) United States-State 12 (67 ) (93 ) Outside United States (15 ) (563 ) (257 ) Valuation allowance 104 206 (1 ) (31 ) (1,248 ) (1,011 ) $ 446 $ (812 ) $ (311 ) |
Reconciliation of US Statutory Federal Tax Rate | A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows: 2021 2020 2019 US federal statutory rate 21 % 21 % 21 % Charges and credits (See Note 3) - (14 ) (19 ) Other (2 ) - 1 19 % 7 % 3 % |
Reconciliation of Liabilities Associated with Uncertain Tax Provisions | A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions for the years ended December 31, 2021, 2020 and 2019 is as follows: (Stated in millions) 2021 2020 2019 Balance at beginning of year $ 1,271 $ 1,301 $ 1,433 Additions based on tax positions related to the current year 38 76 86 Additions for tax positions of prior years 19 78 65 Impact of changes in exchange rates (24 ) (3 ) 2 Settlements with tax authorities (49 ) (15 ) (50 ) Reductions for tax positions of prior years (228 ) (87 ) (176 ) Reductions due to the lapse of the applicable statute of limitations (26 ) (79 ) (59 ) $ 1,001 $ 1,271 $ 1,301 |
Tax Years Subject to Examination by Tax Authorities | The following table summarizes the tax years that are either currently under audit or remain open and subject to examination by the tax authorities in the most significant jurisdictions in which Schlumberger operates: Canada 2014 - 2021 Ecuador 2017 - 2021 Mexico 2013 - 2021 Norway 2016 - 2021 Russia 2016 - 2021 Saudi Arabia 2016 - 2021 United Kingdom 2017 - 2021 United States 2017 - 2021 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities as of December 31, 2021 were as follows: (Stated in millions) 2022 $ 191 2023 159 2024 128 2025 99 2026 73 Thereafter 286 Total lease payments $ 936 Less: Interest (122 ) $ 814 Amounts recognized in balance sheet Accounts payable and accrued liabilities $ 186 Other Liabilities 628 $ 814 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Financial information for the years ended December 31, 2021, 2020 and 2019, by segment, is as follows: (Stated in millions) 2021 Depreciation Income and Capital Revenue Before Taxes Assets Amortization Investments Digital & Integration $ 3,290 $ 1,141 $ 3,134 $ 446 $ 516 Reservoir Performance 4,599 648 2,923 415 348 Well Construction 8,706 1,195 4,714 537 424 Production Systems 6,710 634 4,684 302 267 Eliminations & other (376 ) (253 ) 1,501 269 99 3,365 Goodwill and intangible assets 16,201 Cash and short-term investments 3,139 All other assets 5,215 Corporate & other (1) (573 ) 151 Interest income (2) 31 Interest expense (3) (514 ) Charges & credits (4) 65 $ 22,929 $ 2,374 $ 41,511 $ 2,120 $ 1,654 (Stated in millions) 2020 Depreciation Income (Loss) and Capital Revenue Before Taxes Assets Amortization Investments Digital & Integration $ 3,067 $ 727 $ 3,595 $ 615 $ 413 Reservoir Performance 5,602 353 3,489 549 384 Well Construction 8,614 870 4,768 580 420 Production Systems 6,650 623 4,665 338 240 Eliminations & other (332 ) (172 ) 940 276 63 2,401 Goodwill and intangible assets 16,436 Cash and short-term investments 3,006 All other assets 5,535 Corporate & other (1) (681 ) 208 Interest income (2) 31 Interest expense (3) (534 ) Charges & credits (4) (12,515 ) $ 23,601 $ (11,298 ) $ 42,434 $ 2,566 $ 1,520 (Stated in millions) 2019 Depreciation Income (Loss) and Capital Revenue Before Taxes Assets Amortization Investments Digital & Integration $ 4,145 $ 882 $ 6,388 $ 1,069 $ 1,020 Reservoir Performance 9,299 992 5,198 807 569 Well Construction 11,880 1,429 6,913 656 650 Production Systems 8,167 847 5,625 390 384 Eliminations & other (574 ) (172 ) 1,314 250 113 3,978 Goodwill and intangible assets 23,130 Cash and short-term investments 2,167 All other assets 5,577 Corporate & other (1) (957 ) 417 Interest income (2) 33 Interest expense (3) (571 ) Charges & credits (4) (12,901 ) $ 32,917 $ (10,418 ) $ 56,312 $ 3,589 $ 2,736 (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 (2021: $2 million; 2020: $2 million; 2019: $8 million). (3) Interest expense excludes amounts which are included in the segments’ income (2021: $15 million; 2020: $28 million; 2019: $38 million). (4) See Note 3 – Charges and Credits . |
Revenue by Geographic Area | Revenue by geographic area for the years ended December 31, 2021, 2020 and 2019 is as follows: (Stated in millions) 2021 2020 2019 North America $ 4,466 $ 5,478 $ 10,446 Latin America 4,459 3,472 4,544 Europe/CIS/Africa 5,778 5,963 7,682 Middle East & Asia 8,059 8,567 10,016 Eliminations & other 167 121 229 $ 22,929 $ 23,601 $ 32,917 |
Summary of North America and International Revenue Disaggregated by Segment | North America and International revenue disaggregated by segment was as follows: (Stated in millions) 2021 North America International Eliminations & other Total Digital & Integration $ 812 $ 2,474 $ 4 $ 3,290 Reservoir Performance 329 4,266 4 4,599 Well Construction 1,485 7,025 196 8,706 Production Systems 1,832 4,865 13 6,710 Eliminations & other 8 (334 ) (50 ) (376 ) $ 4,466 $ 18,296 $ 167 $ 22,929 (Stated in millions) 2020 North America International Eliminations & other Total Digital & Integration $ 573 $ 2,487 $ 7 $ 3,067 Reservoir Performance 1,547 4,043 12 5,602 Well Construction 1,453 6,965 196 8,614 Production Systems 1,921 4,702 27 6,650 Eliminations & other (16 ) (195 ) (121 ) (332 ) $ 5,478 $ 18,002 $ 121 $ 23,601 (Stated in millions) 2019 North America International Eliminations & other Total Digital & Integration $ 865 $ 3,272 $ 8 $ 4,145 Reservoir Performance 3,779 5,508 12 9,299 Well Construction 2,814 8,809 257 11,880 Production Systems 3,053 5,060 54 8,167 Eliminations & other (65 ) (407 ) (102 ) (574 ) $ 10,446 $ 22,242 $ 229 $ 32,917 |
Fixed Assets Less Accumulated Depreciation by Geographic Area | Fixed Assets less accumulated depreciation by geographic area are as follows: (Stated in millions) 2021 2020 North America $ 1,368 $ 1,588 Latin America 868 841 Europe/CIS/Africa 1,690 1,840 Middle East & Asia 2,049 2,353 Unallocated 454 204 $ 6,429 $ 6,826 |
Pension and Other Benefit Pla_2
Pension and Other Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Compensation And Retirement Disclosure [Abstract] | |
Weighted-Average Assumed Discount Rate, Compensation Increases and Expected Long-Term Rate of Return on Plan Assets Used to Determine Net Pension Cost for US and International Plans | The weighted-average assumed discount rate, compensation increases and expected long-term rate of return on plan assets used to determine the net pension cost for the US and International plans were as follows: US International 2021 2020 2019 2021 2020 2019 Discount rate 2.60 % 3.30 % 4.30 % 2.38 % 3.27 % 4.00 % Compensation increases 4.00 % 4.00 % 4.00 % 4.82 % 4.83 % 4.83 % Return on plan assets 6.60 % 6.60 % 6.60 % 6.73 % 6.71 % 7.22 % |
Net Pension Cost (Credit) for Schlumberger Pension Plans and US Postretirement Medical Plan | Net pension cost (credit) included the following components: (Stated in millions) US International 2021 2020 2019 2021 2020 2019 Service cost $ 44 $ 55 $ 49 $ 117 $ 140 $ 112 Interest cost 127 148 180 267 301 333 Expected return on plan assets (254 ) (233 ) (232 ) (640 ) (591 ) (592 ) Amortization of prior service cost - 8 10 - - 7 Amortization of net loss 44 41 29 227 159 70 Settlement charge - - 37 - - - $ (39 ) $ 19 $ 73 $ (29 ) $ 9 $ (70 ) The net periodic benefit credit for the US postretirement medical plan included the following components: (Stated in millions) 2021 2020 2019 Service cost $ 28 $ 31 $ 29 Interest cost 32 36 45 Expected return on plan assets (73 ) (70 ) (64 ) Amortization of prior service credit (23 ) (25 ) (28 ) Curtailment gain - (69 ) - $ (36 ) $ (97 ) $ (18 ) |
Weighted-Average Assumed Discount Rate and Compensation Increases Used to Determine Projected Benefit Obligations for US and International Plans | The weighted-average assumed discount rate and compensation increases used to determine the projected benefit obligations for the US and International plans were as follows: US International 2021 2020 2021 2020 Discount rate 3.00 % 2.60 % 2.83 % 2.38 % Compensation increases 4.00 % 4.00 % 4.83 % 4.82 % |
Changes In Projected Benefit Obligation Plan Assets And Funded Status Of Plans | The changes in the projected benefit obligation, plan assets and funded status of the plans were as follows: (Stated in millions) US International 2021 2020 2021 2020 Change in Projected Benefit Obligations Projected benefit obligation at beginning of year $ 4,940 $ 4,593 $ 11,140 $ 9,647 Service cost 44 55 117 140 Interest cost 127 148 267 301 Contribution by plan participants - - 53 94 Actuarial (gains) losses (211 ) 370 (586 ) 1,228 Currency effect - - (18 ) 68 Benefits paid (232 ) (226 ) (355 ) (338 ) Projected benefit obligation at end of year $ 4,668 $ 4,940 $ 10,618 $ 11,140 Change in Plan Assets Plan assets at fair value at beginning of year $ 4,776 $ 4,236 $ 10,493 $ 9,363 Actual return on plan assets 145 760 1,040 1,282 Currency effect - - (28 ) 72 Company contributions 7 6 18 20 Contributions by plan participants - - 53 94 Benefits paid (232 ) (226 ) (355 ) (338 ) Plan assets at fair value at end of year $ 4,696 $ 4,776 $ 11,221 $ 10,493 Asset / (Unfunded Liability) $ 28 $ (164 ) $ 603 $ (647 ) Amounts Recognized in Balance Sheet Postretirement Benefits $ (212 ) $ (199 ) $ (19 ) $ (849 ) Other Assets 240 35 622 202 $ 28 $ (164 ) $ 603 $ (647 ) Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial losses $ 276 $ 423 $ 1,174 $ 1,981 Prior service cost - 1 - - $ 276 $ 424 $ 1,174 $ 1,981 Accumulated benefit obligation $ 4,484 $ 4,739 $ 10,370 $ 10,844 |
Weighted-Average Allocation of Plan Assets and Target Allocation by Asset Category | Actuarial gains arising during 2021 and actuarial losses arising during 2020 were primarily attributable to changes in the discount rate used to determine the PBO. The weighted-average allocation of plan assets and the target allocations by asset category as of December 31, 2021 are as follows: US International Target 2021 2020 Target 2021 2020 Equity securities 4 - 8 % 5 % 15 % 20 - 30 % 23 % 45 % Debt securities 80 - 90 84 76 50 - 60 53 35 Cash and cash equivalents 0 - 3 2 3 0 - 5 3 3 Alternative investments 8 - 15 9 6 19 - 26 21 17 100 % 100 % 100 % 100 % 100 % 100 % |
Fair Value of Schlumberger's Pension Plan Assets | The fair value of Schlumberger’s pension plan assets at December 31, 2021 and 2020, by asset category, is presented below and was determined based on valuation techniques categorized as follows: • Level One: The use of quoted prices in active markets for identical instruments. • Level Two: The use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or other inputs that are observable in the market or can be corroborated by observable market data. • Level Three: The use of significant unobservable inputs that typically require the use of management’s estimates of assumptions that market participants would use in pricing. (Stated in millions) US Plan Assets 2021 2020 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 68 $ 61 $ 7 $ - $ 140 $ 127 $ 13 $ - Equity Securities: US 212 196 16 - 527 441 86 - International 49 48 1 - 186 182 4 - Debt Securities: Corporate bonds 2,583 - 2,583 - 1,945 - 1,945 - Government and government-related debt securities 1,353 199 1,154 - 1,679 180 1,499 - Alternative Investments: Private equity 293 - - 293 204 - - 204 Real estate 99 - - 99 95 - - 95 Private debt 39 - - 39 - - - - Total $ 4,696 $ 504 $ 3,761 $ 431 $ 4,776 $ 930 $ 3,547 $ 299 (Stated in millions) International Plan Assets 2021 2020 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 362 $ 353 $ 9 $ - $ 288 $ 215 $ 73 $ - Equity Securities: US 1,909 1,600 309 - 3,075 2,393 682 - International 717 717 - - 1,711 1,615 96 - Debt Securities: Corporate bonds 2,859 - 2,859 - 1,223 - 1,223 - Government and government-related debt securities 2,390 221 2,169 - 2,371 213 2,158 - Collateralized mortgage obligations and mortgage backed securities 644 - 644 - 84 - 84 - Alternative Investments: Private equity 1,284 - - 1,284 842 - - 842 Private debt 869 - - 869 699 - - 699 Real estate 187 - - 187 200 - - 200 Total $ 11,221 $ 2,891 $ 5,990 $ 2,340 $ 10,493 $ 4,436 $ 4,316 $ 1,741 |
Defined Benefit Plan Weighted Average Assumptions Used in Calculating Benefit Obligation and Net Periodic Benefit Cost for US Postretirement Medical Plan | The actuarial assumptions used to determine the accumulated postretirement benefit obligation and net periodic benefit cost for the US postretirement medical plan were as follows: Benefit Obligations Net Periodic Benefit At December 31, Cost for the Year 2021 2020 2021 2020 2019 Discount rate 3.00 % 2.60 % 2.60 % 3.30 % 4.30 % Return on plan assets - - 7.00 % 7.00 % 7.00 % Current medical cost trend rate 6.75 % 7.25 % 7.00 % 7.25 % 7.50 % Ultimate medical cost trend rate 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Year that the rate reaches the ultimate trend rate 2031 2031 2031 2031 2031 |
Changes in Accumulated Postretirement Benefit Obligation, Plan Assets and Funded Status | The changes in the accumulated postretirement benefit obligation, plan assets and funded status were as follows: (Stated in millions) 2021 2020 Change in Projected Benefit Obligations Benefit obligation at beginning of year $ 1,234 $ 1,193 Service cost 28 31 Interest cost 32 36 Contribution by plan participants 10 8 Actuarial (gains) losses (95 ) 64 Benefits paid (63 ) (58 ) Curtailment - (40 ) Benefit obligation at end of year $ 1,146 $ 1,234 Change in Plan Assets Plan assets at fair value at beginning of year $ 1,356 $ 1,185 Actual return on plan assets 15 221 Contributions by plan participants 10 8 Benefits paid (63 ) (58 ) Plan assets at fair value at end of year $ 1,318 $ 1,356 Asset $ 172 $ 122 Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial gains $ 225 $ 186 Prior service credit 81 104 $ 306 $ 290 |
Expected Benefits to be Paid Under US and International Pension Plans and Postretirement Medical Plan | The expected benefits to be paid under the US and International pension plans as well as the postretirement medical plan are as follows: (Stated in millions) Pension Benefits Postretirement US International Medical Plan 2022 $ 237 $ 370 $ 53 2023 $ 238 $ 380 $ 53 2024 $ 239 $ 391 $ 53 2025 $ 239 $ 403 $ 54 2026 $ 240 $ 407 $ 54 2027-2031 $ 1,213 $ 2,260 $ 294 |
Supplementary Information (Tabl
Supplementary Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting [Abstract] | |
Cash Paid (Refunded) for Interest and Income Taxes | Cash paid for interest and income taxes was as follows: (Stated in millions) 2021 2020 2019 Interest $ 560 $ 598 $ 558 Income tax $ 591 $ 582 $ 739 |
Interest and Other Income | Interest and other income includes the following: (Stated in millions) 2021 2020 2019 Earnings of equity method investments $ 40 $ 91 $ 45 Interest income 33 33 41 Unrealized gain on marketable securities (see Note 3) 47 39 - Gain on sale of Liberty shares (see Note 3) 28 - - $ 148 $ 163 $ 86 |
Components of Depreciation and Amortization Expense | The components of depreciation and amortization expense are as follows: (Stated in millions) 2021 2020 2019 Depreciation of fixed assets $ 1,402 $ 1,625 $ 1,976 Amortization of APS investments 305 396 731 Amortization of intangible assets 302 371 618 Amortization of multiclient seismic data 111 174 264 $ 2,120 $ 2,566 $ 3,589 |
Change in Allowance for Doubtful Accounts | The change in Allowance for doubtful accounts (Stated in millions) 2021 2020 2019 Balance at beginning of year $ 301 $ 255 $ 249 Additions 47 58 5 Amounts written off (29 ) (12 ) 1 Balance at end of year $ 319 $ 301 $ 255 |
Summary of Other Assets | Other Assets consist of the following: (Stated in millions) 2021 2020 Investments in APS projects $ 1,786 $ 1,713 Pension and other postretirement 1,034 360 Operating lease assets 553 710 Multiclient seismic data 154 317 Fair value of hedge contracts 66 427 Other 590 666 $ 4,183 $ 4,193 |
Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities consist of the following: (Stated in millions) 2021 2020 Trade $ 3,205 $ 2,937 Payroll, vacation and employee benefits 1,377 1,524 Billings and cash collections in excess of revenue 1,088 941 Other 2,712 3,040 $ 8,382 $ 8,442 |
Summary of Accounting Policie_3
Summary of Accounting Policies - Additional Information (Detail) $ in Billions | 12 Months Ended |
Dec. 31, 2021USD ($)Country | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Total backlog | $ | $ 2.8 |
Percentage of revenue expected to be recognized over next 12 months | 50.00% |
Number of countries in which Schlumberger conducts business | 120 |
Number of reportable segments accounted for greater than 10% of accounts receivable | 0 |
Minimum | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Revenue recognition period | 30 days |
Number of countries in which Schlumberger conducts business | 120 |
Maximum | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Revenue recognition period | 60 days |
Accounts Receivable | United States | Customer Concentration Risk | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Concentration risk, percentage | 12.00% |
Summary of Accounting Policie_4
Summary of Accounting Policies - Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net Income (Loss) Attributable to Schlumberger | |||
Basic | $ 1,881 | $ (10,518) | $ (10,137) |
Diluted | $ 1,881 | $ (10,518) | $ (10,137) |
Average Shares Outstanding | |||
Basic | 1,400 | 1,390 | 1,385 |
Unvested restricted stock | 27 | ||
Diluted | 1,427 | 1,390 | 1,385 |
Earnings (Loss) per Share | |||
Basic | $ 1.34 | $ (7.57) | $ (7.32) |
Diluted | $ 1.32 | $ (7.57) | $ (7.32) |
Summary of Accounting Policie_5
Summary of Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares shares in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Employee Stock Options | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount | 42 | 48 | 46 |
Unvested Restricted Stock | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount | 19 | 12 |
Charges and Credits - Summary o
Charges and Credits - Summary of Charges and Credits (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2021 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | |
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ 12,901 | |||||||||
Charges and credits, Tax | 710 | |||||||||
Charges and credits, Net | 12,191 | |||||||||
Interest and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ (65) | |||||||||
Charges and credits, Tax | (15) | |||||||||
Charges and credits, Net | $ (50) | |||||||||
Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ 12,515 | |||||||||
Charges and credits, Tax | 1,041 | |||||||||
Charges and credits, Net | $ 11,474 | |||||||||
Gain on Sale of Liberty Shares | Interest and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ (28) | |||||||||
Charges and credits, Tax | (4) | |||||||||
Charges and credits, Net | (24) | |||||||||
Early Repayment of Bonds | Interest and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 10 | |||||||||
Charges and credits, Net | $ 10 | |||||||||
Unrealized Gain On Available For Sale Marketable Securities | Interest and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ (47) | |||||||||
Charges and credits, Tax | (11) | |||||||||
Charges and credits, Net | $ (36) | |||||||||
Unrealized Gain On Available For Sale Marketable Securities | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ (39) | |||||||||
Charges and credits, Tax | (9) | |||||||||
Charges and credits, Net | (30) | |||||||||
Goodwill | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ 3,070 | |||||||||
Charges and credits, Net | 3,070 | |||||||||
Intangible assets impairment | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 3,321 | $ 1,085 | ||||||||
Charges and credits, Tax | 815 | 248 | ||||||||
Charges and credits, Net | 2,506 | 837 | ||||||||
Asset Performance Solutions Investments | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ 730 | 1,264 | ||||||||
Charges and credits, Tax | 15 | (4) | ||||||||
Charges and credits, Net | 715 | 1,268 | ||||||||
Multiclient Seismic Data Impairment | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 156 | |||||||||
Charges and credits, Tax | 2 | |||||||||
Charges and credits, Net | 154 | |||||||||
North America pressure pumping asset impairments | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 587 | 1,575 | ||||||||
Charges and credits, Tax | 133 | 344 | ||||||||
Charges and credits, Net | 454 | 1,231 | ||||||||
Workforce reductions | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | $ 63 | 1,021 | 202 | 68 | ||||||
Charges and credits, Tax | 71 | 7 | 8 | |||||||
Charges and credits, Net | 63 | 950 | 195 | 60 | ||||||
Other | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 62 | 33 | 60 | 79 | 242 | |||||
Charges and credits, Tax | 4 | 1 | 4 | 9 | 13 | |||||
Charges and credits, Net | 58 | 32 | 56 | 70 | 229 | |||||
Valuation allowance | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Tax | (164) | |||||||||
Charges and credits, Net | $ 164 | |||||||||
Fixed Asset Impairment | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 666 | |||||||||
Charges and credits, Tax | 52 | |||||||||
Charges and credits, Net | 614 | |||||||||
Inventory Write Down | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 603 | |||||||||
Charges and credits, Tax | 49 | |||||||||
Charges and credits, Net | 554 | |||||||||
Right Of Use Asset Impairments | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 311 | |||||||||
Charges and credits, Tax | 67 | |||||||||
Charges and credits, Net | 244 | |||||||||
Costs Associated With Exiting Certain Activities1 | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 205 | |||||||||
Charges and credits, Tax | (25) | |||||||||
Charges and credits, Net | 230 | |||||||||
Repurchase of bonds | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 40 | 22 | ||||||||
Charges and credits, Tax | 2 | 5 | ||||||||
Charges and credits, Net | 38 | 17 | ||||||||
Postretirement Benefits Curtailment Gain | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | (69) | |||||||||
Charges and credits, Tax | (16) | |||||||||
Charges and credits, Net | $ (53) | |||||||||
Facility exit charges | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 254 | |||||||||
Charges and credits, Tax | 39 | |||||||||
Charges and credits, Net | $ 215 | |||||||||
Gain on sale of OneStim | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | (104) | |||||||||
Charges and credits, Tax | (11) | |||||||||
Charges and credits, Net | $ (93) | |||||||||
North America restructuring | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 225 | |||||||||
Charges and credits, Tax | 51 | |||||||||
Charges and credits, Net | 174 | |||||||||
Other restructuring | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 104 | |||||||||
Charges and credits, Tax | (33) | |||||||||
Charges and credits, Net | 137 | |||||||||
Other North America - Related | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 310 | |||||||||
Charges and credits, Tax | 53 | |||||||||
Charges and credits, Net | 257 | |||||||||
Argentina | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 127 | |||||||||
Charges and credits, Net | 127 | |||||||||
Pension settlement accounting | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 37 | |||||||||
Charges and credits, Tax | 8 | |||||||||
Charges and credits, Net | 29 | |||||||||
Equity Method Investment, Other Than Temporary Impairment | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 231 | |||||||||
Charges and credits, Tax | 12 | |||||||||
Charges and credits, Net | 219 | |||||||||
Gain on formation of Sensia joint venture | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | (247) | |||||||||
Charges and credits, Tax | (42) | |||||||||
Charges and credits, Net | $ (205) | |||||||||
Asset Performance Solutions | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 294 | |||||||||
Charges and credits, Net | 294 | |||||||||
Goodwill impairment | Impairment and Other | ||||||||||
Charges And Credits [Line Items] | ||||||||||
Charges and credits, Pretax | 8,828 | |||||||||
Charges and credits, Tax | 43 | |||||||||
Charges and credits, Net | $ 8,785 |
Charges and Credits - Additiona
Charges and Credits - Additional Information (Detail) shares in Millions, $ in Millions | Oct. 01, 2019USD ($) | Aug. 31, 2019USD ($)Unit | Nov. 30, 2021USD ($) | Dec. 31, 2021USD ($)shares | Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) | Sep. 30, 2020USD ($) | Jun. 30, 2020USD ($)Emp | Mar. 31, 2020USD ($)Unit | Dec. 31, 2019USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Charges And Credits [Line Items] | ||||||||||||||
Unrealized gain on investments pretax | $ 47 | |||||||||||||
Investments, fair value | $ 55 | |||||||||||||
Gains on sales of businesses | $ 104 | $ 247 | ||||||||||||
Charges and credits | $ 12,191 | |||||||||||||
Total number of reporting units | Unit | 17 | 11 | ||||||||||||
Goodwill | $ 16,000 | |||||||||||||
Goodwill impairment charge | $ 3,100 | |||||||||||||
Goodwill | $ 25,000 | $ 12,990 | $ 12,980 | $ 12,968 | 16,042 | $ 12,990 | 12,980 | 16,042 | ||||||
Expected increase/decrease in discount rate assumption | 50.00% | |||||||||||||
Number of reporting units fair value to be impacted | Unit | 7 | |||||||||||||
Intangible assets | 1,085 | $ 3,300 | ||||||||||||
Debt instrument premium paid on repurchase | $ 40 | |||||||||||||
Impact of curtailment | (69) | |||||||||||||
Restructuring Charges | 104 | |||||||||||||
Expected increase in discount rate assumption | 0.50% | |||||||||||||
Increase in goodwill impairment charge | $ 300 | |||||||||||||
Expected decrease in discount rate assumption | 0.50% | |||||||||||||
Decrease in goodwill impairment charge | $ 400 | |||||||||||||
Benefits Paid | 257 | |||||||||||||
Non-cash settlement charge | 37 | $ 37 | ||||||||||||
Debt instrument, charges | $ 22 | 22 | ||||||||||||
Rockwell Automation | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Percentage of equity ownership interest | 53.00% | |||||||||||||
Schlumberger | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Percentage of equity ownership interest | 47.00% | |||||||||||||
Cash received | $ 238 | |||||||||||||
Gain of deconsolidation in formation of joint venture | 247 | |||||||||||||
Postretirement medical plan | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Impact of curtailment | 69 | 69 | ||||||||||||
Benefits Paid | $ 63 | 58 | ||||||||||||
North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 243 | |||||||||||||
Carrying Value Of Impaired Intangible Asset | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 900 | |||||||||||||
Carrying Value Of Impaired Intangible Asset | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 1,300 | |||||||||||||
North America pressure pumping asset impairments | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 1,575 | 600 | ||||||||||||
Severance | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 13 | 202 | 62 | |||||||||||
Restructuring Charges | 68 | |||||||||||||
Severance | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 10 | |||||||||||||
Severance | Argentina | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 29 | |||||||||||||
Other Restructuring | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 79 | 45 | ||||||||||||
Valuation allowance | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 164 | |||||||||||||
Workforce reductions | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | $ 1,021 | |||||||||||||
Reduction in workforce | Emp | 21,000 | |||||||||||||
Restructuring Charges | 63 | |||||||||||||
Asset Performance Solutions Investments | Latin America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | $ 730 | |||||||||||||
Fixed Asset Impairment | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 666 | |||||||||||||
Fixed Asset Impairment | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 230 | |||||||||||||
Inventory Write Down | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 603 | |||||||||||||
Inventory Write Down | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 70 | |||||||||||||
Right Of Use Asset Impairments | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 311 | |||||||||||||
Costs Associated With Exiting Certain Activities1 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 205 | |||||||||||||
Multiclient Seismic Data Impairment | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 156 | |||||||||||||
Other | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 60 | |||||||||||||
Restructuring Charges | 33 | |||||||||||||
Allowance For Doubtful Accounts | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | $ 42 | |||||||||||||
Facility exit charges | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Restructuring Charges | $ 254 | |||||||||||||
Charges of Pressure Pumping Equipment | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 1,324 | |||||||||||||
Operating Lease Right-of-use Asset | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 98 | |||||||||||||
Operating Lease Right-of-use Asset | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Restructuring Charges | 55 | |||||||||||||
Supplies Expense | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 121 | |||||||||||||
Inventory Charges | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 19 | |||||||||||||
Charges Related to Other Businesses | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 310 | |||||||||||||
Production Related Impairment or Charges | Argentina | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 127 | |||||||||||||
Asset Impairment Charges | Argentina | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 72 | |||||||||||||
Devaluation Charge | Argentina | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 26 | |||||||||||||
Equity Method Investment, Other Than Temporary Impairment | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 231 | |||||||||||||
Carrying Value of Asset Production Solutions | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 294 | |||||||||||||
Restructuring Charges | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 242 | |||||||||||||
Acceleration of Stock-based Compensation Expense Associated With Certain Individuals | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 57 | |||||||||||||
Business Divestiture Costs | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 49 | |||||||||||||
Debt Instrument Premium Paid on Repurchase | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | $ 29 | |||||||||||||
Facility and other exit costs | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Restructuring Charges | 225 | |||||||||||||
Write Down Of Assets | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Restructuring Charges | 123 | |||||||||||||
Other Exit Costs | North America | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Restructuring Charges | 47 | |||||||||||||
Sale Of Assets | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Restructuring Charges | 68 | |||||||||||||
Facility Closure Costs | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Restructuring Charges | $ 36 | |||||||||||||
Cameron | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | 2,200 | |||||||||||||
Smith International Inc Smith Aand Geoservices | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Intangible assets | $ 842 | $ 1,100 | ||||||||||||
Minimum | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Discount rate utilized | 12.00% | 12.50% | ||||||||||||
Maximum | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Discount rate utilized | 13.50% | 14.00% | ||||||||||||
Expected percentage change in fair value of reporting units | 5.00% | |||||||||||||
Seven Reporting Units | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Total number of reporting units | Unit | 7 | 7 | ||||||||||||
Goodwill | $ 11,500 | |||||||||||||
Goodwill | $ 13,800 | |||||||||||||
Ten Reporting Units | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Total number of reporting units | Unit | 4 | |||||||||||||
Goodwill | $ 4,500 | |||||||||||||
Six Reporting Units | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Total number of reporting units | Unit | 6 | |||||||||||||
Goodwill | $ 8.4 | |||||||||||||
Six Reporting Units | Minimum | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Goodwill | 200 | |||||||||||||
Six Reporting Units | Maximum | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Goodwill | $ 5,000 | |||||||||||||
Ten Reporting Units | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Total number of reporting units | Unit | 10 | |||||||||||||
Goodwill | $ 11,200 | |||||||||||||
Nine Reporting Units | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Total number of reporting units | Unit | 9 | |||||||||||||
Goodwill impairment charge | $ 8,800 | |||||||||||||
2.40% Senior Notes due 2022 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Deposit in trustee | $ 1,000 | |||||||||||||
Debt instrument interest rate | 2.40% | |||||||||||||
Debt instrument maturity date | 2022 | |||||||||||||
Charges and credits | $ 10 | |||||||||||||
4.20% Senior Notes due 2021 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Debt instrument interest rate | 4.20% | |||||||||||||
Debt instrument maturity date | 2021 | |||||||||||||
Debt instrument, repurchase amount | $ 600 | |||||||||||||
3.30% Senior Notes due 2021 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Debt instrument interest rate | 3.30% | |||||||||||||
Debt instrument maturity date | 2021 | |||||||||||||
Debt instrument, repurchase amount | $ 935 | |||||||||||||
3.00% Senior Notes Due 2020 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Debt instrument interest rate | 3.00% | 3.00% | ||||||||||||
Debt instrument maturity date | 2020 | |||||||||||||
Notes, face amount | $ 416 | $ 416 | ||||||||||||
4.50% Senior Notes Due 2021 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Debt instrument interest rate | 4.50% | 4.50% | ||||||||||||
Debt instrument maturity date | 2021 | |||||||||||||
Notes, face amount | $ 126 | $ 126 | ||||||||||||
4.20% Senior Notes Due 2021 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Debt instrument interest rate | 4.20% | 4.20% | ||||||||||||
Debt instrument maturity date | 2021 | |||||||||||||
Notes, face amount | $ 500 | $ 500 | ||||||||||||
3.60% Senior Notes Due 2022 | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Debt instrument interest rate | 3.60% | 3.60% | ||||||||||||
Debt instrument maturity date | 2022 | |||||||||||||
Notes, face amount | $ 106 | $ 106 | ||||||||||||
Liberty Oilfield Services Inc. | ||||||||||||||
Charges And Credits [Line Items] | ||||||||||||||
Investments, fair value | $ 550 | $ 43 | $ 550 | $ 43 | ||||||||||
Percentage of equity ownership interest | 31.00% | 37.00% | 31.00% | 37.00% | ||||||||||
Shares issued | shares | 9.5 | |||||||||||||
Proceeds from sale of shares | $ 109 | |||||||||||||
Gains on sales of businesses | $ 28 | $ 104 | ||||||||||||
Unrealized Gain on Investments | 39 | |||||||||||||
Disposition | $ 62 |
Inventories - Summary of Invent
Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Inventory Disclosure [Abstract] | ||
Raw materials & field materials | $ 1,594 | $ 1,573 |
Work in progress | 425 | 464 |
Finished goods | 1,253 | 1,317 |
Inventories | $ 3,272 | $ 3,354 |
Fixed Assets - Summary of Fixed
Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | $ 29,077 | $ 29,744 |
Less: Accumulated depreciation | 22,648 | 22,918 |
Fixed assets less accumulated depreciation | 6,429 | 6,826 |
Land | ||
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | 372 | 362 |
Buildings & improvements | ||
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | 4,371 | 3,757 |
Machinery & equipment | ||
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | $ 24,334 | $ 25,625 |
Fixed Assets - Additional Infor
Fixed Assets - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Property Plant And Equipment [Line Items] | |||
Depreciation expense relating to fixed assets | $ 1,402 | $ 1,625 | $ 1,976 |
Building and Building Improvements | Minimum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 25 years | ||
Building and Building Improvements | Maximum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 30 years | ||
Machinery and Equipment | Minimum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 5 years | ||
Machinery and Equipment | Maximum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 10 years |
Goodwill - Changes in Carrying
Goodwill - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Dec. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2021 | |
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | $ 12,968 | $ 16,042 | $ 12,980 |
Impairment (see Note 3) | (3,070) | ||
Acquisitions | 18 | ||
Impact of changes in exchange rates and other | 12 | (4) | (8) |
Goodwill, Ending Balance | 12,980 | 12,968 | 12,990 |
Production Systems | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 854 | 853 | |
Impact of changes in exchange rates and other | (1) | ||
Goodwill, Ending Balance | 853 | 854 | 853 |
Operating Segments | Reservoir Characterization | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 4,560 | 4,560 | |
Goodwill, Ending Balance | 4,560 | ||
Operating Segments | Drilling | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 5,443 | 7,092 | |
Impairment (see Note 3) | (1,659) | ||
Impact of changes in exchange rates and other | 10 | ||
Goodwill, Ending Balance | 5,443 | ||
Operating Segments | Production | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 2,704 | 3,949 | |
Impairment (see Note 3) | (1,228) | ||
Impact of changes in exchange rates and other | (17) | ||
Goodwill, Ending Balance | 2,704 | ||
Operating Segments | Cameron | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 261 | 441 | |
Impairment (see Note 3) | (183) | ||
Impact of changes in exchange rates and other | 3 | ||
Goodwill, Ending Balance | 261 | ||
Operating Segments | Digital Integration | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 2,041 | 2,047 | |
Acquisitions | 18 | ||
Impact of changes in exchange rates and other | 6 | (13) | |
Goodwill, Ending Balance | 2,047 | 2,041 | 2,052 |
Operating Segments | Reservoir Performance | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 3,806 | 3,802 | |
Impact of changes in exchange rates and other | (4) | 2 | |
Goodwill, Ending Balance | 3,802 | 3,806 | 3,804 |
Operating Segments | Well Construction | |||
Goodwill [Line Items] | |||
Goodwill, Beginning Balance | 6,267 | 6,278 | |
Impact of changes in exchange rates and other | 11 | 3 | |
Goodwill, Ending Balance | $ 6,278 | $ 6,267 | $ 6,281 |
Intangible Assets - Schedule of
Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | $ 5,240 | $ 5,283 |
Accumulated Amortization | 2,029 | 1,828 |
Net Book Value | 3,211 | 3,455 |
Customer Relationships | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,681 | 1,744 |
Accumulated Amortization | 551 | 485 |
Net Book Value | 1,130 | 1,259 |
Technology/Technical Know-How | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,264 | 1,284 |
Accumulated Amortization | 562 | 488 |
Net Book Value | 702 | 796 |
Tradenames | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 766 | 767 |
Accumulated Amortization | 191 | 166 |
Net Book Value | 575 | 601 |
Other | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,529 | 1,488 |
Accumulated Amortization | 725 | 689 |
Net Book Value | $ 804 | $ 799 |
Intangible Assets - Additional
Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Finite Lived Intangible Assets [Line Items] | |||
Estimated amortization charged to income, 2022 | $ 291 | ||
Estimated amortization charged to income, 2023 | 281 | ||
Estimated amortization charged to income, 2024 | 264 | ||
Estimated amortization charged to income, 2025 | 249 | ||
Estimated amortization charged to income, 2026 | 245 | ||
Amortization expense | $ 302 | $ 371 | $ 618 |
Customer Relationships | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 18 years | ||
Customer Relationships | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 28 years | ||
Technology/Technical Know-How | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
Technology/Technical Know-How | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 18 years | ||
Tradenames | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 15 years | ||
Tradenames | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 30 years |
Long-term Debt and Debt Facil_3
Long-term Debt and Debt Facility Agreements - Long-term Debt (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 13,286 | $ 16,036 |
3.65% Senior Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,497 | 1,496 |
3.90% Senior Notes due 2028 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,457 | 1,450 |
2.65% Senior Notes due 2030 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,250 | 1,250 |
1.375% Guaranteed Notes due 2026 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,125 | 1,221 |
2.0% Guaranteed Notes due 2032 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,118 | 1,214 |
0.25% Notes due 2027 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,013 | 1,100 |
0.50% Notes due 2031 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,012 | 1,099 |
4.00% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 930 | 930 |
4.30% Senior Notes due 2029 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 846 | 846 |
3.75% Senior Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 748 | 746 |
1.00% Guaranteed Notes due 2026 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 679 | 736 |
0.00% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 563 | 611 |
1.40% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 498 | 498 |
7.00% Notes due 2038 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 204 | 206 |
5.95% Notes due 2041 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 113 | 114 |
5.13% Notes due 2043 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 98 | 99 |
4.00% Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 80 | 80 |
3.70% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 55 | 55 |
3.63% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 295 | |
2.65% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 598 | |
2.40% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 999 | |
Commercial paper borrowings | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 393 |
Long-term Debt and Debt Facil_4
Long-term Debt and Debt Facility Agreements - Long-term Debt (Parenthetical) (Detail) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
3.65% Senior Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 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% |
Debt instrument maturity date | 2028 | 2028 |
2.65% Senior Notes due 2030 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 2.65% | 2.65% |
Debt instrument maturity date | 2030 | 2030 |
1.375% Guaranteed Notes due 2026 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 1.375% | 1.375% |
Debt instrument maturity date | 2026 | 2026 |
2.0% Guaranteed Notes due 2032 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 2.00% | 2.00% |
Debt instrument maturity date | 2032 | 2032 |
0.25% Notes due 2027 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 0.25% | 0.25% |
Debt instrument maturity date | 2027 | 2027 |
0.50% Notes due 2031 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 0.50% | 0.50% |
Debt instrument maturity date | 2031 | 2031 |
4.00% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 4.00% | 4.00% |
Debt instrument maturity date | 2025 | 2025 |
4.30% Senior Notes due 2029 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 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% |
Debt instrument maturity date | 2024 | 2024 |
1.00% Guaranteed Notes due 2026 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 1.00% | 1.00% |
Debt instrument maturity date | 2026 | 2026 |
0.00% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 0.00% | 0.00% |
Debt instrument maturity date | 2024 | 2024 |
1.40% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 1.40% | 1.40% |
Debt instrument maturity date | 2025 | 2025 |
3.63% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 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% |
Debt instrument maturity date | 2038 | 2038 |
5.95% Notes due 2041 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 5.95% | 5.95% |
Debt instrument maturity date | 2041 | 2041 |
2.65% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 2.65% | 2.65% |
Debt instrument maturity date | 2022 | 2022 |
5.13% Notes due 2043 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 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% |
Debt instrument maturity date | 2023 | 2023 |
3.70% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 3.70% | 3.70% |
Debt instrument maturity date | 2024 | 2024 |
2.40% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Debt instrument interest rate | 2.40% | 2.40% |
Debt instrument maturity date | 2022 | 2022 |
Long-term Debt and Debt Facil_5
Long-term Debt and Debt Facility Agreements - Additional Information (Detail) € in Millions, $ in Millions | Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2020USD ($) |
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | $ 5,750 | ||
Long-term Debt maturity in 2023 | 1,600 | ||
Long-term Debt maturity in 2024 | 1,400 | ||
Long-term Debt maturity in 2025 | 1,400 | ||
Long-term Debt maturity in 2026 | 1,800 | ||
Long-term Debt maturity in 2027 | 1,000 | ||
Long-term Debt maturity in 2028 | 1,500 | ||
Long-term Debt maturity thereafter | 4,600 | ||
Long-term debt, fair value | 13,900 | $ 17,300 | |
Commercial paper programs mature in February 2023 | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | 2,750 | ||
Commercial paper programs mature in July 2026 | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | 1,000 | ||
Commercial paper programs mature in February 2025 | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | 2,000 | ||
Commercial paper programs mature in June 2024 | Revolving Credit Facility | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | € | € 750 | ||
Commercial paper borrowings | |||
Debt Instrument [Line Items] | |||
Long-term debt | $ 0 | $ 400 |
Derivative Instruments and He_3
Derivative Instruments and Hedging Activities - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | ||||
Dec. 31, 2021USD ($)Country | Dec. 31, 2021USD ($)Country | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | |
Derivative [Line Items] | ||||||
Number of countries in which Schlumberger generates revenue | Country | 120 | 120 | ||||
Percentage of revenue denominated in domestic currency | 70.00% | |||||
Denominated debt issued | $ 500,000,000 | € 1,500,000,000 | ||||
Transaction gains (losses) of hedging activities | $ | $ 23,000,000 | 21,000,000 | $ 2,000,000 | |||
Percentage of derivative contracts of oil price | 75.00% | |||||
Amount recognized relating to hedging activity | $ | 0 | |||||
Fair value of outstanding derivatives | $ | $ 0 | $ 0 | $ 0 | |||
0.00% Notes due 2024 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 500,000,000 | |||||
Derivative swap interest rate | 0.00% | |||||
Promissory note interest rate | 0.00% | 0.00% | 0.00% | 0.00% | ||
0.25% Notes due 2027 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 400,000,000 | € 500,000,000 | ||||
Derivative swap interest rate | 0.25% | 0.25% | 0.25% | |||
Promissory note interest rate | 0.25% | 0.25% | 0.25% | 0.25% | ||
0.50% Notes due 2031 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 400,000,000 | € 500,000,000 | ||||
Derivative swap interest rate | 0.50% | 0.50% | 0.50% | |||
Promissory note interest rate | 0.50% | 0.50% | 0.50% | 0.50% | ||
1.40% Senior Notes due 2025 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | $ | $ 500,000,000 | |||||
Derivative swap interest rate | 1.40% | 1.40% | ||||
Promissory note interest rate | 1.40% | 1.40% | 1.40% | 1.40% | ||
Euro-denominated Notes | ||||||
Derivative [Line Items] | ||||||
Denominated debt issued | € 800,000,000 | |||||
Euro-denominated Guaranteed Notes | ||||||
Derivative [Line Items] | ||||||
Denominated debt issued | 2,000,000,000 | |||||
0.25% Notes due 2027 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 1,000,000,000 | |||||
Derivative swap interest rate | 1.375% | 1.375% | ||||
2.00% Guaranteed Notes due 2032 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 1,000,000,000 | |||||
Derivative swap interest rate | 2.00% | 2.00% | ||||
Cross currency swaps | ||||||
Derivative [Line Items] | ||||||
Notional amount of interest rate swap | $ 500,000,000 | € 1,500,000,000 | ||||
Cross currency swaps | 0.00% Notes due 2024 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 2.29% | |||||
Cross currency swaps | 0.25% Notes due 2027 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 1.87% | 1.87% | 2.51% | |||
Cross currency swaps | 0.50% Notes due 2031 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 2.20% | 2.20% | 2.76% | |||
Cross currency swaps | 1.40% Senior Notes due 2025 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 1.73% | 1.73% | ||||
Cross currency swaps | Euro-denominated Notes | ||||||
Derivative [Line Items] | ||||||
Notional amount of interest rate swap | € 800,000,000 | |||||
Cross currency swaps | Euro-denominated Guaranteed Notes | ||||||
Derivative [Line Items] | ||||||
Notional amount of interest rate swap | € 2,000,000,000 | |||||
Cross currency swaps | 0.25% Notes due 2027 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 2.77% | 2.77% | ||||
Cross currency swaps | 2.00% Guaranteed Notes due 2032 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 3.49% | 3.49% | ||||
Cross currency swaps | Other Assets | ||||||
Derivative [Line Items] | ||||||
Derivative assets | $ | $ 66,000,000 | $ 66,000,000 | $ 427,000,000 | |||
Cross currency swaps | Other Liabilities | ||||||
Derivative [Line Items] | ||||||
Derivative liability | $ | 78,000,000 | 78,000,000 | $ 13,000,000 | |||
Foreign exchange contracts | ||||||
Derivative [Line Items] | ||||||
Notional amount of interest rate swap | $ | 7,700,000,000 | 7,700,000,000 | ||||
Foreign exchange contracts | Debt | Derivatives designated as hedges | ||||||
Derivative [Line Items] | ||||||
Notional amount of interest rate swap | $ | $ 6,000,000,000 | $ 6,000,000,000 |
Derivative Instruments and He_4
Derivative Instruments and Hedging Activities - Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Loss) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Derivatives not designated as hedges | Foreign exchange contracts | Cost of services/sales | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income | $ (11) | $ (29) | $ (5) |
Cash Flow Hedging | Derivatives designated as hedges | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income | (417) | 488 | (45) |
Cash Flow Hedging | Derivatives designated as hedges | Cross currency swaps | Cost of services/sales | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income | (422) | 493 | (35) |
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 | $ 5 | $ (5) | $ (10) |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Equity [Abstract] | ||
Common stock, shares authorized | 4,500,000,000 | |
Common stock, par value | $ 0.01 | |
Common stock, shares outstanding | 1,403,381,685 | 1,392,325,960 |
Preferred stock, shares authorized | 200,000,000 | |
Preferred stock, par value | $ 0.01 | |
Preferred stock, issued | 0 |
Stockholders' Equity - Schedule
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | $ (3,570) | $ (4,884) | $ (4,438) |
Currency Translation Adjustments | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | (2,419) | (2,502) | (2,263) |
Pension and Other Postretirement Benefit Plans | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | (1,066) | (2,314) | (2,143) |
Cash Flow Hedges | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | $ (85) | (70) | (34) |
Other | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | $ 2 | $ 2 |
Stock-based Compensation Plan_2
Stock-based Compensation Plans - Additional Information (Detail) - USD ($) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Stock options granted during period | 7,468,000 | 5,604,000 | ||
Intrinsic value of stock options outstanding | $ 0 | |||
Intrinsic value of stock options exercisable | 0 | |||
Total unrecognized compensation cost related to nonvested stock-based compensation arrangements | 277,000,000 | |||
Expected to be recognized in 2022 | 171,000,000 | |||
Expected to be recognized in 2023 | 90,000,000 | |||
Expected to be recognized in 2024 | 15,000,000 | |||
Expected to be recognized in 2025 | $ 1,000,000 | |||
Future Grants Shares | 44,000,000 | |||
Employee Stock Option | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Stock option maximum term | 10 years | |||
Stock options vesting period | over five years | |||
Stock options granted during period | 0 | |||
Weighted-average remaining contractual life of stock options exercisable, in years | 3 years 3 months 18 days | |||
Performance Shares | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance shares outstanding | 4,900,000 | |||
Performance Shares | Achievement Exceeds Predefined Target | Maximum | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance shares to be awarded as a percentage of total target award | 250.00% | |||
Performance Shares | Achievement Falls Below Threshold | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance shares to be awarded | 0 | |||
Restricted Stock | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance shares to be awarded | 8,287,000 | 10,637,000 | 7,888,000 | |
Performance shares outstanding | 21,624,000 | 18,763,000 | 11,822,000 | 6,951,000 |
Restricted stock awards, vesting period | 3 years | |||
DSPP | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Percentage purchase price of stock lower of stock price at beginning or end of plan period at specified intervals | 92.50% |
Stock-based Compensation Plan_3
Stock-based Compensation Plans - Weighted-Average Assumptions (Detail) - Employee Stock Option - $ / shares | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Dividend yield | 5.20% | 4.80% |
Expected volatility | 26.00% | 25.00% |
Risk-free interest rate | 1.70% | 2.70% |
Expected option life in years | 7 years | 7 years |
Weighted-average fair value per share | $ 5.07 | $ 6.21 |
Stock-based Compensation Plan_4
Stock-based Compensation Plans - Options Outstanding and Option Exercisable (Detail) shares in Thousands | 12 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Options Outstanding | shares | 42,347 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 4 years 3 months 18 days |
Options Outstanding, Weighted- Average Exercise Price | $ 68.95 |
Options Exercisable | shares | 32,264 |
Options Exercisable, Weighted-Average Exercise Price | $ 76.21 |
Exercise prices range $38.75 - $41.47 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 38.75 |
Exercise prices maximum range | $ 41.47 |
Options Outstanding | shares | 12,040 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 7 years 7 months 6 days |
Options Outstanding, Weighted- Average Exercise Price | $ 39.86 |
Options Exercisable | shares | 3,417 |
Options Exercisable, Weighted-Average Exercise Price | $ 40.33 |
Exercise prices range $47.55 - $69.98 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 47.55 |
Exercise prices maximum range | $ 69.98 |
Options Outstanding | shares | 2,882 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 3 years 3 months 18 days |
Options Outstanding, Weighted- Average Exercise Price | $ 62.42 |
Options Exercisable | shares | 2,838 |
Options Exercisable, Weighted-Average Exercise Price | $ 62.47 |
Exercise prices range $70.31 - $79.85 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 70.31 |
Exercise prices maximum range | $ 79.85 |
Options Outstanding | shares | 12,276 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 2 years 1 month 6 days |
Options Outstanding, Weighted- Average Exercise Price | $ 73.58 |
Options Exercisable | shares | 11,564 |
Options Exercisable, Weighted-Average Exercise Price | $ 73.36 |
Exercise prices range $80.53 - $88.77 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 80.53 |
Exercise prices maximum range | $ 88.77 |
Options Outstanding | shares | 8,583 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 4 years 3 months 18 days |
Options Outstanding, Weighted- Average Exercise Price | $ 84.46 |
Options Exercisable | shares | 7,879 |
Options Exercisable, Weighted-Average Exercise Price | $ 84.19 |
Exercise prices range $91.28 - $114.83 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 91.28 |
Exercise prices maximum range | $ 114.83 |
Options Outstanding | shares | 6,566 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 2 years 8 months 12 days |
Options Outstanding, Weighted- Average Exercise Price | $ 96.25 |
Options Exercisable | shares | 6,566 |
Options Exercisable, Weighted-Average Exercise Price | $ 96.25 |
Stock-based Compensation Plan_5
Stock-based Compensation Plans - Summary of Stock Option Activity (Detail) - $ / shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |||
Outstanding at beginning of year, Shares | 48,272 | 46,269 | 43,529 |
Granted, Shares | 7,468 | 5,604 | |
Exercised, Shares | (1,045) | ||
Forfeited/Expired, Shares | (5,925) | (5,465) | (1,819) |
Outstanding at year-end, Shares | 42,347 | 48,272 | 46,269 |
Outstanding at beginning of year, Weighted-Average Exercise Price | $ 70.37 | $ 75.65 | $ 79.36 |
Granted, Weighted-Average Exercise Price | 38.75 | 41.50 | |
Exercised, Weighted-Average Exercise Price | 38.50 | ||
Forfeited/Expired, Weighted Average Exercise Price | 80.46 | 71.86 | 74.69 |
Outstanding at year-end, Weighted-Average Exercise Price | $ 68.95 | $ 70.37 | $ 75.65 |
Stock-based Compensation Plan_6
Stock-based Compensation Plans - Restricted Stock Transactions (Detail) - Restricted Stock - $ / shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Unvested at beginning of year, Restricted Stock | 18,763 | 11,822 | 6,951 |
Granted, Restricted Stock | 8,287 | 10,637 | 7,888 |
Vested, Restricted Stock | (4,927) | (3,059) | (2,722) |
Forfeited, Restricted Stock | (499) | (637) | (295) |
Unvested at year-end, Restricted Stock | 21,624 | 18,763 | 11,822 |
Unvested at beginning of year, Weighted-Average Grant Date Fair Value | $ 35.24 | $ 49.86 | $ 70.13 |
Granted, Weighted-Average Grant Date Fair Value | 25.16 | 26.53 | 35.56 |
Vested, Weighted-Average Grant Date Fair Value | 48.44 | 71.56 | 72.09 |
Forfeited, Weighted-Average Grant Date Fair Value | 29.64 | 45.95 | 57.41 |
Unvested at year-end, Weighted-Average Grant Date Fair Value | $ 29.03 | $ 35.24 | $ 49.86 |
Stock-based Compensation Plan_7
Stock-based Compensation Plans - Discounted Stock Purchase Plan Assumptions and Resulting Weighted Average Fair Value (Detail) - DSPP - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Dividend yield | 2.00% | 4.00% | 5.30% |
Expected volatility | 67.00% | 43.00% | 30.00% |
Risk-free interest rate | 0.07% | 0.88% | 2.30% |
Weighted-average fair value per share | $ 6.72 | $ 5.38 | $ 5.81 |
Stock-based Compensation Plan_8
Stock-based Compensation Plans - Stock-Based Compensation Expense Recognized in Income (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | $ 324 | $ 397 | $ 405 |
Employee Stock Options | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | 36 | 75 | 99 |
Restricted Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | 254 | 293 | 274 |
DSPP | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | $ 34 | $ 29 | $ 32 |
Income Taxes - Income (Loss) Be
Income Taxes - Income (Loss) Before Taxes (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |||
Income before taxes, United States | $ 30 | $ (4,394) | $ (8,991) |
Income before taxes, Outside United States | 2,344 | (6,904) | (1,427) |
Income (loss) before taxes | $ 2,374 | $ (11,298) | $ (10,418) |
Income Taxes- Additional Inform
Income Taxes- Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Line Items] | |||
Charges & credits | $ 65 | $ 12,515 | $ 12,901 |
Deferred tax assets, valuation allowances relating to net operating losses in certain countries | 133 | 127 | |
Deferred tax assets operating loss indefinite carryforwards amount | 390 | ||
Net operating losses | 427 | 421 | |
Accrued interest and penalties | $ 164 | 184 | 188 |
Minimum | |||
Income Tax Disclosure [Line Items] | |||
Deferred tax assets operating loss carryforwards expiration year | 2030 | ||
Maximum | |||
Income Tax Disclosure [Line Items] | |||
Deferred tax assets operating loss carryforwards expiration year | 2040 | ||
Domestic Country | |||
Income Tax Disclosure [Line Items] | |||
Charges & credits | $ 75 | 3,961 | 8,769 |
Foreign Country | |||
Income Tax Disclosure [Line Items] | |||
Charges & credits | $ 10 | $ 8,554 | $ 4,132 |
Income Taxes - Components of Ne
Income Taxes - Components of Net Deferred Tax Assets (Liabilities) (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Intangible assets | $ (855) | $ (881) |
Net operating losses | 427 | 421 |
Research and development credits | 118 | 96 |
Fixed assets, net | 151 | 151 |
Inventories | 58 | 59 |
Investments in non-US subsidiaries | (161) | (171) |
Pension and other postretirement benefits | (136) | (31) |
Other, net | 304 | 337 |
Net deferred tax assets (liabilities) | $ (94) | $ (19) |
Income Taxes - Deferred Tax Ass
Income Taxes - Deferred Tax Assets and Liabilities Valuation Allowances (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Foreign tax credits | $ 210 | $ 106 |
Capital losses | $ 49 | $ 54 |
Income Taxes - Components of Ta
Income Taxes - Components of Tax Expense (Benefit) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Current: | |||
United States-Federal | $ (32) | $ 21 | $ (81) |
United States-State | 5 | 11 | |
Outside United States | 509 | 410 | 770 |
Current Income Tax Expense (Benefit), Total | 477 | 436 | 700 |
Deferred: | |||
United States-Federal | (132) | (824) | (660) |
United States-State | 12 | (67) | (93) |
Outside United States | (15) | (563) | (257) |
Valuation allowance | 104 | 206 | (1) |
Deferred income taxes | (31) | (1,248) | (1,011) |
Consolidated taxes on (loss) income | $ 446 | $ (812) | $ (311) |
Income Taxes - Reconciliation o
Income Taxes - Reconciliation of US Statutory Federal Tax Rate (Detail) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Income Tax Reconciliation Of U S Statutory Federal Tax Rate Detail [Line Items] | |||
US federal statutory rate | 21.00% | 21.00% | 21.00% |
Other | (2.00%) | 1.00% | |
Effective income tax rate | 19.00% | 7.00% | 3.00% |
Charges And Credits | |||
Disclosure Income Tax Reconciliation Of U S Statutory Federal Tax Rate Detail [Line Items] | |||
Charges and credits (See Note 3) | (14.00%) | (19.00%) |
Income Taxes - Reconciliation_2
Income Taxes - Reconciliation of Liabilities Associated with Uncertain Tax Provisions (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of year | $ 1,271 | $ 1,301 | $ 1,433 |
Additions based on tax positions related to the current year | 38 | 76 | 86 |
Additions for tax positions of prior years | 19 | 78 | 65 |
Impact of changes in exchange rates | (24) | (3) | 2 |
Settlements with tax authorities | (49) | (15) | (50) |
Reductions for tax positions of prior years | (228) | (87) | (176) |
Reductions due to the lapse of the applicable statute of limitations | (26) | (79) | (59) |
Balance at end of year | $ 1,001 | $ 1,271 | $ 1,301 |
Income Taxes - Tax Years Subjec
Income Taxes - Tax Years Subject to Examination by Tax Authorities (Detail) | 12 Months Ended |
Dec. 31, 2021 | |
Canada | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2014 |
Canada | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
Ecuador | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2017 |
Ecuador | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
Mexico | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2013 |
Mexico | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
Norway | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2016 |
Norway | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
Russia | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2016 |
Russia | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
Saudi Arabia | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2016 |
Saudi Arabia | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
United Kingdom | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2017 |
United Kingdom | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
United States | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2017 |
United States | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2021 |
Leases - Additional Information
Leases - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Operating Leased Assets [Line Items] | |||
Total rental expense | $ 1,200 | $ 1,400 | $ 1,700 |
Operating lease, asset | $ 553 | $ 710 | |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets | |
Operating lease, liability | $ 814 | $ 1,000 | |
Operating lease, weighted average remaining lease term | 10 years | ||
Operating lease, weighted average discount rate, percent | 3.10% | ||
Accounts Payable and Accrued Liabilities | |||
Operating Leased Assets [Line Items] | |||
Operating lease, liability | $ 186 | 200 | |
Other Liabilities | |||
Operating Leased Assets [Line Items] | |||
Operating lease, liability | $ 628 | $ 800 |
Leases - Maturities of Operatin
Leases - Maturities of Operating Lease Liabilities (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Operating Leased Assets [Line Items] | ||
2022 | $ 191 | |
2023 | 159 | |
2024 | 128 | |
2025 | 99 | |
2026 | 73 | |
Thereafter | 286 | |
Total lease payments | 936 | |
Less: Interest | (122) | |
Operating lease, liability | 814 | $ 1,000 |
Accounts Payable and Accrued Liabilities | ||
Operating Leased Assets [Line Items] | ||
Operating lease, liability | 186 | 200 |
Other Liabilities | ||
Operating Leased Assets [Line Items] | ||
Operating lease, liability | $ 628 | $ 800 |
Segment Information - Schedule
Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Segment Reporting Information [Line Items] | ||||
Revenue | $ 22,929 | $ 23,601 | $ 32,917 | |
Income Before Taxes | 2,374 | (11,298) | (10,418) | |
Assets | 41,511 | 42,434 | 56,312 | |
Depreciation and Amortization | [1] | 2,120 | 2,566 | 3,589 |
Capital Investments | 1,654 | 1,520 | 2,736 | |
Pretax segment operating income | 3,365 | 2,401 | 3,978 | |
Interest expense | 539 | 563 | 609 | |
Charges & credits | 65 | 12,515 | 12,901 | |
Digital Integration | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 3,290 | 3,067 | 4,145 | |
Reservoir Performance | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 4,599 | 5,602 | 9,299 | |
Well Construction | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 8,706 | 8,614 | 11,880 | |
Production Systems | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 6,710 | 6,650 | 8,167 | |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 22,929 | 23,601 | 32,917 | |
Interest income | 2 | 2 | 8 | |
Interest expense | 15 | 28 | 38 | |
Operating Segments | Digital Integration | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 3,290 | 3,067 | 4,145 | |
Income Before Taxes | 1,141 | 727 | 882 | |
Assets | 3,134 | 3,595 | 6,388 | |
Depreciation and Amortization | 446 | 615 | 1,069 | |
Capital Investments | 516 | 413 | 1,020 | |
Operating Segments | Reservoir Performance | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 4,599 | 5,602 | 9,299 | |
Income Before Taxes | 648 | 353 | 992 | |
Assets | 2,923 | 3,489 | 5,198 | |
Depreciation and Amortization | 415 | 549 | 807 | |
Capital Investments | 348 | 384 | 569 | |
Operating Segments | Well Construction | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 8,706 | 8,614 | 11,880 | |
Income Before Taxes | 1,195 | 870 | 1,429 | |
Assets | 4,714 | 4,768 | 6,913 | |
Depreciation and Amortization | 537 | 580 | 656 | |
Capital Investments | 424 | 420 | 650 | |
Operating Segments | Production Systems | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 6,710 | 6,650 | 8,167 | |
Income Before Taxes | 634 | 623 | 847 | |
Assets | 4,684 | 4,665 | 5,625 | |
Depreciation and Amortization | 302 | 338 | 390 | |
Capital Investments | 267 | 240 | 384 | |
Eliminations & other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | (376) | (332) | (574) | |
Income Before Taxes | (253) | (172) | (172) | |
Assets | 1,501 | 940 | 1,314 | |
Depreciation and Amortization | 269 | 276 | 250 | |
Capital Investments | 99 | 63 | 113 | |
Goodwill and intangible assets | 16,201 | 16,436 | 23,130 | |
Cash and short-term investments | 3,139 | 3,006 | 2,167 | |
All other assets | 5,215 | 5,535 | 5,577 | |
Corporate & other | [2] | (573) | (681) | (957) |
Interest income | [3] | 31 | 31 | 33 |
Interest expense | [4] | (514) | (534) | (571) |
Charges & credits | [5] | 65 | (12,515) | (12,901) |
Eliminations & other | Corporate and Other | ||||
Segment Reporting Information [Line Items] | ||||
Depreciation and Amortization | [2] | $ 151 | $ 208 | $ 417 |
[1] | Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS investments. | |||
[2] | 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. | |||
[3] | Interest income excludes amounts which are included in the segments’ income (2021: $2 million; 2020: $2 million; 2019: $8 million). | |||
[4] | Interest expense excludes amounts which are included in the segments’ income (2021: $15 million; 2020: $28 million; 2019: $38 million). | |||
[5] | See Note 3 – Charges and Credits . |
Segment Information - Schedul_2
Segment Information - Schedule of Segment Reporting Information, by Segment (Parenthetical) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting Information [Line Items] | |||
Interest expense | $ 539 | $ 563 | $ 609 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Interest income | 2 | 2 | 8 |
Interest expense | $ 15 | $ 28 | $ 38 |
Segment Information - Revenue b
Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 22,929 | $ 23,601 | $ 32,917 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 22,929 | 23,601 | 32,917 |
Operating Segments | North America | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4,466 | 5,478 | 10,446 |
Operating Segments | Latin America | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4,459 | 3,472 | 4,544 |
Operating Segments | Europe/CIS/Africa | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,778 | 5,963 | 7,682 |
Operating Segments | Middle East & Asia | |||
Segment Reporting Information [Line Items] | |||
Revenue | 8,059 | 8,567 | 10,016 |
Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ 167 | $ 121 | $ 229 |
Segment Information - Additiona
Segment Information - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 22,929 | $ 23,601 | $ 32,917 |
United States | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ 3,400 | $ 4,500 | $ 9,300 |
Segment Information - Summary o
Segment Information - Summary of North America and International Revenue Disaggregated by Segment (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 22,929 | $ 23,601 | $ 32,917 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 22,929 | 23,601 | 32,917 |
Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | 167 | 121 | 229 |
North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4,466 | 5,478 | 10,446 |
International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 18,296 | 18,002 | 22,242 |
Digital Integration | |||
Segment Reporting Information [Line Items] | |||
Revenue | 3,290 | 3,067 | 4,145 |
Digital Integration | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 3,290 | 3,067 | 4,145 |
Digital Integration | Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4 | 7 | 8 |
Digital Integration | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 812 | 573 | 865 |
Digital Integration | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 2,474 | 2,487 | 3,272 |
Reservoir Performance | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4,599 | 5,602 | 9,299 |
Reservoir Performance | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4,599 | 5,602 | 9,299 |
Reservoir Performance | Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4 | 12 | 12 |
Reservoir Performance | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 329 | 1,547 | 3,779 |
Reservoir Performance | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4,266 | 4,043 | 5,508 |
Well Construction | |||
Segment Reporting Information [Line Items] | |||
Revenue | 8,706 | 8,614 | 11,880 |
Well Construction | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 8,706 | 8,614 | 11,880 |
Well Construction | Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | 196 | 196 | 257 |
Well Construction | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 1,485 | 1,453 | 2,814 |
Well Construction | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 7,025 | 6,965 | 8,809 |
Production Systems | |||
Segment Reporting Information [Line Items] | |||
Revenue | 6,710 | 6,650 | 8,167 |
Production Systems | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 6,710 | 6,650 | 8,167 |
Production Systems | Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | 13 | 27 | 54 |
Production Systems | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 1,832 | 1,921 | 3,053 |
Production Systems | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 4,865 | 4,702 | 5,060 |
Eliminations & Other | |||
Segment Reporting Information [Line Items] | |||
Revenue | (376) | (332) | (574) |
Eliminations & Other | Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | (50) | (121) | (102) |
Eliminations & Other | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 8 | (16) | (65) |
Eliminations & Other | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ (334) | $ (195) | $ (407) |
Segment Information - Fixed Ass
Segment Information - Fixed Assets Less Accumulated Depreciation by Geographic Area (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Segment Reporting Information [Line Items] | ||
Fixed Assets less accumulated depreciation | $ 6,429 | $ 6,826 |
Operating Segments | North America | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 1,368 | 1,588 |
Operating Segments | Latin America | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 868 | 841 |
Operating Segments | Europe | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 1,690 | 1,840 |
Operating Segments | Middle East & Asia | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 2,049 | 2,353 |
Unallocated | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | $ 454 | $ 204 |
Pension and Other Benefit Pla_3
Pension and Other Benefit Plans - Weighted-Average Assumed Discount Rate, Compensation Increases and Expected Long-Term Rate of Return on Plan Assets Used to Determine Net Pension Cost for US and International Plans (Detail) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 3.00% | 2.60% | |
United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.60% | 3.30% | 4.30% |
Compensation increases | 4.00% | 4.00% | 4.00% |
Return on plan assets | 6.60% | 6.60% | 6.60% |
International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.38% | 3.27% | 4.00% |
Compensation increases | 4.82% | 4.83% | 4.83% |
Return on plan assets | 6.73% | 6.71% | 7.22% |
Pension and Other Benefit Pla_4
Pension and Other Benefit Plans - Net Pension Cost (Credit) for Schlumberger Pension Plans and US Postretirement Medical Plan (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | ||
Jun. 30, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Curtailment gain | $ 69 | |||
Postretirement medical plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 28 | 31 | $ 29 | |
Interest cost | 32 | 36 | 45 | |
Expected return on plan assets | (73) | (70) | (64) | |
Amortization of prior service cost | (23) | (25) | (28) | |
Total pension cost | (36) | (97) | (18) | |
Curtailment gain | $ (69) | (69) | ||
United States | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 44 | 55 | 49 | |
Interest cost | 127 | 148 | 180 | |
Expected return on plan assets | (254) | (233) | (232) | |
Amortization of prior service cost | 8 | 10 | ||
Amortization of net loss | 44 | 41 | 29 | |
Settlement charge | 37 | |||
Total pension cost | (39) | 19 | 73 | |
International | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 117 | 140 | 112 | |
Interest cost | 267 | 301 | 333 | |
Expected return on plan assets | (640) | (591) | (592) | |
Amortization of prior service cost | 7 | |||
Amortization of net loss | 227 | 159 | 70 | |
Total pension cost | $ (29) | $ 9 | $ (70) |
Pension and Other Benefit Pla_5
Pension and Other Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||
Jun. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Benefits Paid | $ 257 | ||||
Non-cash settlement charge | $ 37 | $ 37 | |||
Frequency of asset performance monitored, years | 5 years | ||||
Impact of curtailment | $ (69) | ||||
Postretirement medical plan | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Benefits Paid | $ 63 | 58 | |||
Impact of curtailment | $ 69 | $ 69 | |||
Postretirement medical plan | Equity securities | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Investment of assets in government and government-related debt securities under US postretirement medical plan | 13.00% | ||||
Postretirement medical plan | Government and government-related debt securities | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Investment of assets in government and government-related debt securities under US postretirement medical plan | 87.00% | ||||
Impairment and Other | Postretirement medical plan | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Impact of curtailment | $ 69 |
Pension and Other Benefit Pla_6
Pension and Other Benefit Plans - Weighted-Average Assumed Discount Rate and Compensation Increases Used to Determine Projected Benefit Obligations for US and International Plans (Detail) | Dec. 31, 2021 | Dec. 31, 2020 |
United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 3.00% | 2.60% |
Compensation increases | 4.00% | 4.00% |
International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 2.83% | 2.38% |
Compensation increases | 4.83% | 4.82% |
Pension and Other Benefit Pla_7
Pension and Other Benefit Plans - Changes in Projected Benefit Obligation, Plan Assets and Funded Status of Plans (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Change in Plan Assets | |||
Benefits paid | $ (257) | ||
Amounts Recognized in Balance Sheet | |||
Postretirement Benefits | $ (231) | $ (1,049) | |
Other Assets | 1,034 | 360 | |
United States | |||
Change in Projected Benefit Obligations | |||
Projected benefit obligation at beginning of year | 4,940 | 4,593 | |
Service cost | 44 | 55 | 49 |
Interest cost | 127 | 148 | 180 |
Actuarial (gains) losses | (211) | 370 | |
Benefits paid | (232) | (226) | |
Projected benefit obligation at end of year | 4,668 | 4,940 | 4,593 |
Change in Plan Assets | |||
Plan assets at fair value at beginning of year | 4,776 | 4,236 | |
Actual return on plan assets | 145 | 760 | |
Company contributions | 7 | 6 | |
Benefits paid | (232) | (226) | |
Plan assets at fair value at end of year | 4,696 | 4,776 | 4,236 |
Asset / (Unfunded Liability) | 28 | (164) | |
Amounts Recognized in Balance Sheet | |||
Postretirement Benefits | (212) | (199) | |
Other Assets | 240 | 35 | |
Total of post retirement benefits | 28 | (164) | |
Amounts Recognized in Accumulated Other Comprehensive Loss | |||
Actuarial losses | 276 | 423 | |
Prior service cost | 1 | ||
Total amount recognized in accumulated other comprehensive income | 276 | 424 | |
Accumulated benefit obligation | 4,484 | 4,739 | |
International | |||
Change in Projected Benefit Obligations | |||
Projected benefit obligation at beginning of year | 11,140 | 9,647 | |
Service cost | 117 | 140 | 112 |
Interest cost | 267 | 301 | 333 |
Contribution by plan participants | 53 | 94 | |
Actuarial (gains) losses | (586) | 1,228 | |
Currency effect | (18) | 68 | |
Benefits paid | (355) | (338) | |
Projected benefit obligation at end of year | 10,618 | 11,140 | 9,647 |
Change in Plan Assets | |||
Plan assets at fair value at beginning of year | 10,493 | 9,363 | |
Actual return on plan assets | 1,040 | 1,282 | |
Currency effect | (28) | 72 | |
Company contributions | 18 | 20 | |
Contributions by plan participants | 53 | 94 | |
Benefits paid | (355) | (338) | |
Plan assets at fair value at end of year | 11,221 | 10,493 | $ 9,363 |
Asset / (Unfunded Liability) | 603 | (647) | |
Amounts Recognized in Balance Sheet | |||
Postretirement Benefits | (19) | (849) | |
Other Assets | 622 | 202 | |
Total of post retirement benefits | 603 | (647) | |
Amounts Recognized in Accumulated Other Comprehensive Loss | |||
Actuarial losses | 1,174 | 1,981 | |
Total amount recognized in accumulated other comprehensive income | 1,174 | 1,981 | |
Accumulated benefit obligation | $ 10,370 | $ 10,844 |
Pension and Other Benefit Pla_8
Pension and Other Benefit Plans - Weighted-Average Allocation of Plan Assets and Target Allocation by Asset Category (Detail) | Dec. 31, 2021 | Dec. 31, 2020 |
United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 100.00% | 100.00% |
Target allocation of assets | 100.00% | 100.00% |
International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 100.00% | 100.00% |
Target allocation of assets | 100.00% | 100.00% |
Equity securities | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 5.00% | 15.00% |
Equity securities | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 4.00% | |
Equity securities | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 8.00% | |
Equity securities | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 23.00% | 45.00% |
Equity securities | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 20.00% | |
Equity securities | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 30.00% | |
Debt securities | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 84.00% | 76.00% |
Debt securities | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 80.00% | |
Debt securities | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 90.00% | |
Debt securities | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 53.00% | 35.00% |
Debt securities | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 50.00% | |
Debt securities | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 60.00% | |
Cash and cash equivalents | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 2.00% | 3.00% |
Cash and cash equivalents | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 0.00% | |
Cash and cash equivalents | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 3.00% | |
Cash and cash equivalents | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 3.00% | 3.00% |
Cash and cash equivalents | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 0.00% | |
Cash and cash equivalents | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 5.00% | |
Alternative investments | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 9.00% | 6.00% |
Alternative investments | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 8.00% | |
Alternative investments | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 15.00% | |
Alternative investments | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation of assets | 21.00% | 17.00% |
Alternative investments | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 19.00% | |
Alternative investments | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation Percentage of Assets | 26.00% |
Pension and Other Benefit Pla_9
Pension and Other Benefit Plans - Fair Value of Schlumberger's Pension Plan Assets (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | $ 4,696 | $ 4,776 | $ 4,236 |
International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 11,221 | 10,493 | $ 9,363 |
Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 504 | 930 | |
Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,891 | 4,436 | |
Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 3,761 | 3,547 | |
Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 5,990 | 4,316 | |
Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 431 | 299 | |
Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,340 | 1,741 | |
Cash and cash equivalents | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 68 | 140 | |
Cash and cash equivalents | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 362 | 288 | |
Cash and cash equivalents | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 61 | 127 | |
Cash and cash equivalents | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 353 | 215 | |
Cash and cash equivalents | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 7 | 13 | |
Cash and cash equivalents | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 9 | 73 | |
Equity securities | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 212 | 527 | |
Equity securities | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,909 | 3,075 | |
Equity securities | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 196 | 441 | |
Equity securities | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,600 | 2,393 | |
Equity securities | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 16 | 86 | |
Equity securities | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 309 | 682 | |
Equity securities, International | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 49 | 186 | |
Equity securities, International | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 717 | 1,711 | |
Equity securities, International | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 48 | 182 | |
Equity securities, International | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 717 | 1,615 | |
Equity securities, International | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1 | 4 | |
Equity securities, International | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 96 | ||
Corporate bonds | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,583 | 1,945 | |
Corporate bonds | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,859 | 1,223 | |
Corporate bonds | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,583 | 1,945 | |
Corporate bonds | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,859 | 1,223 | |
Government and government-related debt securities | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,353 | 1,679 | |
Government and government-related debt securities | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,390 | 2,371 | |
Government and government-related debt securities | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 199 | 180 | |
Government and government-related debt securities | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 221 | 213 | |
Government and government-related debt securities | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,154 | 1,499 | |
Government and government-related debt securities | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,169 | 2,158 | |
Private equity | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 293 | 204 | |
Private equity | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,284 | 842 | |
Private equity | Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 293 | 204 | |
Private equity | Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,284 | 842 | |
Real estate | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 99 | 95 | |
Real estate | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 187 | 200 | |
Real estate | Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 99 | 95 | |
Real estate | Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 187 | 200 | |
Private debt | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 39 | ||
Private debt | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 869 | 699 | |
Private debt | Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 39 | ||
Private debt | Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 869 | 699 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 644 | 84 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | $ 644 | $ 84 |
Pension and Other Benefit Pl_10
Pension and Other Benefit Plans - Defined Benefit Plan Weighted Average Assumptions Used in Calculating Benefit Obligation and Net Periodic Benefit Cost For US Postretirement Medical Plan (Detail) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 3.00% | 2.60% | |
Current medical cost trend rate | 6.75% | 7.25% | |
Ultimate medical cost trend rate | 4.50% | 4.50% | |
Year that the rate reaches the ultimate trend rate | 2031 | 2031 | |
Postretirement medical plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.60% | 3.30% | 4.30% |
Return on plan assets | 7.00% | 7.00% | 7.00% |
Current medical cost trend rate | 7.00% | 7.25% | 7.50% |
Ultimate medical cost trend rate | 4.50% | 4.50% | 4.50% |
Year that the rate reaches the ultimate trend rate | 2031 | 2031 | 2031 |
Pension and Other Benefit Pl_11
Pension and Other Benefit Plans - Changes in Accumulated Postretirement Benefit Obligation, Plan Assets and Funded Status (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Change in Plan Assets | |||
Benefits paid | $ (257) | ||
Postretirement medical plan | |||
Change in Projected Benefit Obligations | |||
Projected benefit obligation at beginning of year | $ 1,234 | $ 1,193 | |
Service cost | 28 | 31 | 29 |
Interest cost | 32 | 36 | 45 |
Contribution by plan participants | 10 | 8 | |
Actuarial (gains) losses | (95) | 64 | |
Benefits paid | (63) | (58) | |
Curtailment | (40) | ||
Projected benefit obligation at end of year | 1,146 | 1,234 | 1,193 |
Change in Plan Assets | |||
Plan assets at fair value at beginning of year | 1,356 | 1,185 | |
Actual return on plan assets | 15 | 221 | |
Contributions by plan participants | 10 | 8 | |
Benefits paid | (63) | (58) | |
Plan assets at fair value at end of year | 1,318 | 1,356 | $ 1,185 |
Asset | 172 | 122 | |
Amounts Recognized in Accumulated Other Comprehensive Loss | |||
Actuarial losses | 225 | 186 | |
Prior service credit | 81 | 104 | |
Total amount recognized in accumulated other comprehensive income | $ 306 | $ 290 |
Pension and Other Benefit Pl_12
Pension and Other Benefit Plans - Expected Benefits to be Paid Under US and International Pension Plans and Postretirement Medical Plan (Detail) $ in Millions | Dec. 31, 2021USD ($) |
Postretirement medical plan | |
Defined Benefit Plan Disclosure [Line Items] | |
2022 | $ 53 |
2023 | 53 |
2024 | 53 |
2025 | 54 |
2026 | 54 |
2027-2031 | 294 |
United States | |
Defined Benefit Plan Disclosure [Line Items] | |
2022 | 237 |
2023 | 238 |
2024 | 239 |
2025 | 239 |
2026 | 240 |
2027-2031 | 1,213 |
International | |
Defined Benefit Plan Disclosure [Line Items] | |
2022 | 370 |
2023 | 380 |
2024 | 391 |
2025 | 403 |
2026 | 407 |
2027-2031 | $ 2,260 |
Supplementary Information - Cas
Supplementary Information - Cash Paid (Refunded) for Interest and Income Taxes (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting [Abstract] | |||
Interest | $ 560 | $ 598 | $ 558 |
Income tax | $ 591 | $ 582 | $ 739 |
Supplementary Information - Int
Supplementary Information - Interest and Other Income (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting [Abstract] | |||
Earnings of equity method investments | $ 40 | $ 91 | $ 45 |
Interest income | 33 | 33 | 41 |
Unrealized gain on marketable securities | 47 | 39 | |
Gain on sale of Liberty shares | 28 | ||
Interest and other income, net | $ 148 | $ 163 | $ 86 |
Supplementary Information - Com
Supplementary Information - Components of Depreciation and Amortization Expense (Detail) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Segment Reporting [Abstract] | ||||
Depreciation expense relating to fixed assets | $ 1,402 | $ 1,625 | $ 1,976 | |
Amortization of APS investments | 305 | 396 | 731 | |
Amortization expense | 302 | 371 | 618 | |
Amortization of multiclient seismic data | 111 | 174 | 264 | |
Total depreciation and amortization expense | [1] | $ 2,120 | $ 2,566 | $ 3,589 |
[1] | Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS investments. |
Supplementary Information - Cha
Supplementary Information - Change in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting [Abstract] | |||
Balance at beginning of year | $ 301 | $ 255 | $ 249 |
Additions | 47 | 58 | 5 |
Amounts written off | (29) | (12) | 1 |
Balance at end of year | $ 319 | $ 301 | $ 255 |
Supplementary Information - Add
Supplementary Information - Additional Information (Detail) - USD ($) $ in Billions | Dec. 31, 2021 | Dec. 31, 2020 |
Segment Reporting [Abstract] | ||
Revenue in excess of billings | $ 0.2 | $ 0.2 |
Supplementary Information - Sum
Supplementary Information - Summary of Other Assets (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Segment Reporting [Abstract] | ||
Investments in APS projects | $ 1,786 | $ 1,713 |
Pension and other postretirement | 1,034 | 360 |
Operating lease, asset | 553 | 710 |
Multiclient seismic data | 154 | 317 |
Fair value of hedge contracts | 66 | 427 |
Other | 590 | 666 |
Total other assets | $ 4,183 | $ 4,193 |
Supplementary Information - Acc
Supplementary Information - Accounts Payable and Accrued Liabilities (Detail) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Segment Reporting [Abstract] | ||
Trade | $ 3,205 | $ 2,937 |
Payroll, vacation and employee benefits | 1,377 | 1,524 |
Billings and cash collections in excess of revenue | 1,088 | 941 |
Other | 2,712 | 3,040 |
Accounts payable and accrued liabilities | $ 8,382 | $ 8,442 |