Schlumberger Limited (SLB) 10-Q 26 Apr 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Registrant Name	SCHLUMBERGER LIMITED/NV
Entity Central Index Key	0000087347
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,425,330,904
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	1-4601
Entity Tax Identification Number	52-0684746
Entity Address, Address Line One	5599 San Felipe
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Incorporation, State or Country Code	P8
Entity Address, Country	US
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	513-2000
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	common stock, par value $0.01 per share
Security Exchange Name	NYSE
Trading Symbol	SLB

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue
Total Revenue	$ 7,736	$ 5,962
Interest & other income	92	50
Expenses
Research & engineering	174	141
General & administrative	91	97
Interest	117	123
Income before taxes	1,161	638
Tax expense	217	118
Net income	944	520
Net income attributable to noncontrolling interests	10	10
Net income attributable to SLB	$ 934	$ 510
Basic income per share of SLB	$ 0.65	$ 0.36
Diluted income per share of SLB	$ 0.65	$ 0.36
Average shares outstanding:
Basic	1,426	1,412
Assuming dilution	1,446	1,434
Services
Revenue
Total Revenue	$ 5,334	$ 4,222
Expenses
Cost of services and sales	4,129	3,387
Product
Revenue
Total Revenue	2,402	1,740
Expenses
Cost of services and sales	$ 2,156	$ 1,626

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 944	$ 520
Currency translation adjustments
Unrealized net change arising during the period	(34)	(106)
Cash flow hedges
Net gain (loss) on cash flow hedges	(33)	9
Reclassification to net income of net realized (gain) loss	(5)	17
Pension and other postretirement benefit plans
Amortization to net income of net actuarial loss	(2)	16
Amortization to net income of net prior service credit	(6)	(5)
Income taxes on pension and other postretirement benefit plans	2
Comprehensive income	866	451
Comprehensive income attributable to noncontrolling interests	10	10
Comprehensive income attributable to SLB	$ 856	$ 441

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets
Cash	$ 1,501	$ 1,655
Short-term investments	1,003	1,239
Receivables less allowance for doubtful accounts (2023 - $339; 2022 - $340)	7,578	7,032
Inventories	4,286	3,999
Other current assets	1,032	1,078
Current assets total	15,400	15,003
Investments in Affiliated Companies	1,554	1,581
Fixed Assets less accumulated depreciation	6,691	6,607
Goodwill	13,113	12,982
Intangible Assets	3,021	2,992
Other Assets	4,076	3,970
Total Assets	43,855	43,135
Current Liabilities
Accounts payable and accrued liabilities	8,700	9,121
Estimated liability for taxes on income	1,038	1,002
Short-term borrowings and current portion of long-term debt	2,140	1,632
Dividends payable	374	263
Current Liabilities Total	12,252	12,018
Long-term Debt	10,698	10,594
Postretirement Benefits	168	165
Deferred Taxes	194	61
Other Liabilities	2,163	2,308
Total Liabilities	25,475	25,146
Equity
Common stock	11,264	11,837
Treasury stock	(559)	(1,016)
Retained earnings	11,296	10,719
Accumulated other comprehensive loss	(3,933)	(3,855)
SLB stockholders' equity	18,068	17,685
Noncontrolling interests	312	304
Total equity	18,380	17,989
Liabilities and stockholders equity	$ 43,855	$ 43,135

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts on receivable	$ 339	$ 340

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income		$ 944	$ 520
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	[1]	563	533
Deferred taxes		112	(14)
Stock-based compensation expense		81	89
Earnings of equity method investments, less dividends received		(32)	6
Change in assets and liabilities:
Increase in receivables	[2]	(509)	(404)
Increase in inventories	[2]	(288)	(464)
Decrease (increase) in other current assets	[2]	54	(177)
Increase in other assets	[2]	(10)	(25)
(Decrease) increase in accounts payable and accrued liabilities	[2]	(473)	89
(Decrease) increase in estimated liability for taxes on income	[2]	(84)	8
Increase (decrease) in other liabilities	[2]	2	(5)
Other	[2]	(30)	(25)
NET CASH PROVIDED BY OPERATING ACTIVITIES		330	131
Cash flows from investing activities:
Capital expenditures		(410)	(304)
APS investments		(133)	(168)
Exploration data costs capitalized		(52)	(40)
Business acquisitions and investments, net of cash acquired		(244)
Proceeds from sale of Liberty shares		137	84
Sale of short-term investments, net		236	336
Other		(81)	(23)
NET CASH USED IN INVESTING ACTIVITIES		(547)	(115)
Cash flows from financing activities:
Dividends paid		(249)	(175)
Proceeds from employee stock purchase plan		86	64
Proceeds from exercise of stock options		35	7
Stock repurchase program		(230)
Proceeds from issuance of long-term debt		559
Net (decrease) increase in short-term borrowings		(50)	16
Taxes paid on net settled stock-based compensation awards		(88)	(81)
Other		(1)	(1)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		62	(170)
Net decrease in cash before translation effect		(155)	(154)
Translation effect on cash		1	(3)
Cash, beginning of period		1,655	1,757
Cash, end of period		$ 1,501	$ 1,600
[1] Includes depreciation of fixed assets and amortization of intangible assets, exploration data costs, and APS investments. Net of the effect of business acquisitions.

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock Issued	Common Stock In Treasury	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Balance at Dec. 31, 2021	$ 15,286	$ 12,608	$ (2,233)	$ 8,199	$ (3,570)	$ 282
Net income	520			510		10
Currency translation adjustments	(106)				(106)
Changes in fair value of cash flow hedges	26				26
Pension and other postretirement benefit plans	11				11
Shares sold to optionees, less shares exchanged	7	(5)	12
Vesting of restricted stock, net of taxes withheld	(81)	(631)	550
Employee stock purchase plan	64	(104)	168
Stock-based compensation expense	89	89
Dividends declared	(177)			(177)
Balance at Mar. 31, 2022	15,639	11,957	(1,503)	8,532	(3,639)	292
Balance at Dec. 31, 2022	$ 17,989	$ 11,837	$ (1,016)	10,719	(3,855)	304
Balance, shares at Dec. 31, 2022	1,420	1,434
Treasury shares, Balance at Dec. 31, 2022			(14)
Net income	$ 944			934		10
Currency translation adjustments	(34)				(34)
Changes in fair value of cash flow hedges	(38)				(38)
Pension and other postretirement benefit plans	(6)				(6)
Shares sold to optionees, less shares exchanged	$ 35	$ (28)	$ 63
Shares sold to optionees, less shares exchanged, shares	1		1
Vesting of restricted stock, net of taxes withheld	$ (88)	(503)	$ 415
Vesting of restricted stock, shares	5		5
Employee stock purchase plan	$ 86	(123)	$ 209
Shares issued under employee stock purchase plan, shares	3		3
Stock repurchase program	$ (230)		$ (230)
Stock repurchase program, shares	(4)		(4)
Stock-based compensation expense	$ 81	81
Dividends declared	(357)			(357)
Dividends paid to noncontrolling interests	(2)					(2)
Balance at Mar. 31, 2023	$ 18,380	$ 11,264	$ (559)	$ 11,296	$ (3,933)	$ 312
Balance, shares at Mar. 31, 2023	1,425	1,434
Treasury shares, Balance at Mar. 31, 2023			(9)

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Retained Earnings
Dividends declared, per share	$ 0.25	$ 0.125

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited consolidated financial statements of Schlumberger Limited and its subsidiaries (“SLB”) have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of SLB management, all adjustments considered necessary for a fair statement have been included in the accompanying unaudited financial statements. All intercompany transactions and balances have been eliminated in consolidation. Operating results for the three-month period ended March 31, 2023 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023. The December 31, 2022 balance sheet information has been derived from the SLB 2022 audited financial statements. For further information, refer to the Consolidated Financial Statements and notes thereto included in the SLB Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission on January 25, 2023.

Charges and Credits

Charges and Credits	3 Months Ended
	Mar. 31, 2023
Restructuring And Related Activities [Abstract]
Charges and Credits	2. Charges and Credits 2023 On December 31, 2020, SLB contributed its onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pumpdown perforating and Permian frac sand business to Liberty Energy Inc. (“Liberty”) in exchange for an equity interest in Liberty. During the first quarter of 2023, SLB sold all of its remaining approximately 9 million shares of Liberty and received net proceeds of $ 137 million. As a result, SLB recognized a gain of $ 36 million which is classified in Interest & other income in the Consolidated Statement of Income. 2022 During the first quarter of 2022, SLB sold 7.2 million of its shares of Liberty and received proceeds of $ 84 million. As a result, SLB recognized a gain of $ 26 million which is classified in Interest & other income in the Consolidated Statement of Income.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings per Share The following is a reconciliation from basic earnings per share of SLB to diluted earnings per share of SLB: (Stated in millions, except per share amounts) 2023 2022 Net Income Average Earnings per Net Income Average Earnings per First Quarter Basic $ 934 1,426 $ 0.65 $ 510 1,412 $ 0.36 Assumed exercise of stock options - 2 - - Unvested restricted stock - 18 - 22 Diluted $ 934 1,446 $ 0.65 $ 510 1,434 $ 0.36 The number of outstanding options to purchase shares of SLB common stock that were not included in the computation of diluted income per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) Three Months Ended March 31, 2023 2022 Employee stock options 24 31

Inventories

Inventories	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Inventories	4. Inventories A summary of inventories, which are stated at the lower of average cost or net realizable value, is as follows: (Stated in millions) Mar. 31, Dec. 31, 2023 2022 Raw materials & field materials $ 2,219 $ 2,085 Work in progress 650 547 Finished goods 1,417 1,367 $ 4,286 $ 3,999

Fixed Assets

Fixed Assets	3 Months Ended
	Mar. 31, 2023
Property Plant And Equipment [Abstract]
Fixed Assets	5. Fixed Assets Fixed assets consist of the following: (Stated in millions) Mar. 31, Dec. 31, 2023 2022 Property, plant & equipment $ 28,568 $ 28,386 Less: Accumulated depreciation 21,877 21,779 $ 6,691 $ 6,607 Depreciation expense relating to fixed assets was $ 347 million and $ 338 million in the first quarter of 2023 and 2022, respectively.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2023
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets Intangible assets consist of the following : (Stated in millions) Mar. 31, 2023 Dec. 31, 2022 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,707 $ 644 $ 1,063 $ 1,680 $ 631 $ 1,049 Technology/technical know-how 1,307 699 608 1,280 676 604 Tradenames 795 239 556 767 222 545 Other 1,680 886 794 1,657 863 794 $ 5,489 $ 2,468 $ 3,021 $ 5,384 $ 2,392 $ 2,992 Amortization expense charged to income was $ 76 million during the first quarter of 2023 and $ 75 million during the first quarter of 2022. Based on the carrying value of intangible assets at March 31, 2023, amortization expense for the subsequent five years is estimated to be: remaining three quarters of 2023—$ 223 million; 2024—$ 290 million; 2025—$ 275 million; 2026—$ 270 million; 2027—$ 263 million; and 2028—$ 263 million.

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt Long-term Debt consist of the following: (Stated in millions) Mar. 31, Dec. 31, 2023 2022 3.90 % Senior Notes due 2028 $ 1,464 $ 1,464 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,082 1,061 2.00 % Guaranteed Notes due 2032 1,076 1,055 0.25 % Notes due 2027 974 955 0.50 % Notes due 2031 973 954 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 648 635 0.00 % Notes due 2024 542 531 4.00 % Senior Notes due 2025 523 522 1.40 % Senior Notes due 2025 499 499 3.75 % Senior Notes due 2024 355 355 7.00 % Notes due 2038 201 202 5.95 % Notes due 2041 112 112 5.13 % Notes due 2043 98 98 3.70 % Notes due 2024 54 54 $ 10,698 $ 10,594 The estimated fair value of SLB’s Long-term Debt, based on quoted market prices at March 31, 2023 and December 31, 2022, was $ 9.8 billion and $ 9.4 billion, respectively. At March 31, 2023, SLB had committed credit facility agreements aggregating $ 5.75 billion with commercial banks, of which $ 5.19 billion was available and unused. These committed facilities support commercial paper programs in the United States and Europe, of which $ 0.75 billion matures in February 2024, $ 2.0 billion matures in February 2025, $ 1.0 billion matures in July 2026 and $ 2.0 billion matures in Februar y 2027. SLB also has a € 750 million three-year committed revolving credit facility maturing in June 2024 . At March 31, 2023 no amounts had been drawn under this facility. Interest rates and other terms of borrowing under these lines of credit vary by facility. Borrowings under the commercial paper programs at March 31, 2023 were $ 559 million, all of which was classified in Short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheet . There were no borrowings under the commercial paper programs at December 31, 2022. 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 indirect wholly-owned subsidiaries of Schlumberger Limited.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2023
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	8. Derivative Instruments and Hedging Activities SLB’s functional currency is primarily the US dollar. However, outside the United States, a significant portion of SLB’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 SLB conducts business, the US dollar-reported expenses will increase (decrease). Changes in foreign currency exchange rates exposes SLB to risks on future cash flows relating to certain of its fixed rate debt denominated in currencies other than the functional currency. SLB uses cross-currency interest rate swaps to provide a hedge against these risks. These contracts are accounted for as cash flow hedges, with the fair value of the derivative recorded on the Consolidated Balance Sheet and in Accumulated other comprehensive loss. Amounts recorded Accumulated other comprehensive loss are reclassified into earnings in the same period or periods that the hedged item is recognized in earnings. Details regarding SLB’s outstanding cross-currency interest rate swaps as of March 31, 2023, were as follows: • During 2019, a US-dollar functional currency subsidiary of SLB issued € 1.5 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps in order to hedge changes in the US dollar 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 interest rate 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 SLB issued € 0.8 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar 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 interest rate 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 SLB issued € 2.0 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar 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 interest rate swaps effectively convert 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 SLB issued $ 0.5 billion of US dollar denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar value of its $ 0.5 billion 1.40 % Senior Notes due 2025. These cross-currency interest rate swaps effectively convert the US dollar notes to Canadian dollar denominated debt with a fixed annual interest rate of 1.73 %. A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps was as follows: (Stated in millions) Mar. 31, 2023 Dec. 31, 2022 Other Assets $ 7 $ 1 Other Liabilities $ 283 $ 326 The fair values were determined using a model with inputs that are observable in the market or can be derived or corroborated by observable data. SLB has entered into derivative contracts that hedge the price of oil related to approximately 70 % of the projected oil production for the remaining nine months of 2023 for one of its Asset Performance Solutions ("APS") projects. These contracts are accounted for as cash flow hedges, with changes in the fair value of the hedge recorded in Accumulated other comprehensive loss . Amounts recorded in Accumulated other comprehensive loss are reclassified to earnings in the same period or periods that the hedged item is recognized in earnings. At March 31, 2023, included in Other current assets was $ 10 million and included in Accounts payable and accrued liabilities was $ 3 million relating to the fair value of the outstanding commodity contracts. SLB 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. SLB 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. SLB is also exposed to changes in the fair value of assets and liabilities denominated in currencies other than the functional currency. While SLB 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 derivative is recorded on the Consolidated Balance Sheet and changes in the fair value are recognized in the Consolidated Statement of Income, as are changes in the fair value of the hedged item. Foreign currency forward contracts were outstanding for the US dollar equivalent of $ 2.5 billion and $ 2.1 billion in various foreign currencies as of March 31, 2023 and December 31, 2022, respectively. Other than the previously mentioned cross-currency interest rate swaps, the fair value of the other outstanding derivatives was no t material as of March 31, 2023 and December 31, 2022. The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows: (Stated in millions) Gain (Loss) Recognized in Income First Quarter First Quarter 2023 2022 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ 95 $ ( 131 ) Cost of services/sales Cross-currency interest rate swaps ( 22 ) ( 21 ) Interest expense Commodity contracts 2 ( 15 ) Revenue Foreign exchange contracts 3 ( 2 ) Cost of services/sales $ 78 $ ( 169 ) Derivatives not designated as hedges: Foreign exchange contracts $ 1 $ ( 11 ) Cost of services/sales

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments And Contingencies Disclosure [Abstract]
Contingencies	9. Contingencies SLB 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	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	10. Segment Information (Stated in millions) First Quarter 2023 First Quarter 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 894 $ 265 $ 857 $ 292 Reservoir Performance 1,503 242 1,210 160 Well Construction 3,261 672 2,398 388 Production Systems 2,207 205 1,604 114 Eliminations & other ( 129 ) 7 ( 107 ) ( 60 ) Pretax segment operating income 1,391 894 Corporate & other (1) ( 169 ) ( 164 ) Interest income (2) 17 2 Interest expense (3) ( 114 ) ( 120 ) Charges and credits (4) 36 26 $ 7,736 $ 1,161 $ 5,962 $ 638 (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 that are included in the segments’ income ($- million in 2023; $ 12 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). (4) See Note 2 – Charges and Credits . Revenue by geographic area was as follows: (Stated in millions) First Quarter 2023 2022 North America $ 1,698 $ 1,282 Latin America 1,618 1,204 Europe & Africa (1) 1,974 1,404 Middle East & Asia 2,393 2,024 Other 53 48 $ 7,736 $ 5,962 (1) Includes Russia and the Caspian region. North America and International revenue disaggregated by segment was as follows: (Stated in millions) First Quarter 2023 North America International Other Total Digital & Integration $ 251 $ 642 $ 1 $ 894 Reservoir Performance 120 1,380 3 1,503 Well Construction 711 2,493 57 3,261 Production Systems 626 1,574 7 2,207 Eliminations & other ( 10 ) ( 104 ) ( 15 ) ( 129 ) $ 1,698 $ 5,985 $ 53 $ 7,736 First Quarter 2022 North America International Other Total Digital & Integration $ 225 $ 631 $ 1 $ 857 Reservoir Performance 103 1,105 2 1,210 Well Construction 485 1,865 48 2,398 Production Systems 473 1,127 4 1,604 Eliminations & other ( 4 ) ( 96 ) ( 7 ) ( 107 ) $ 1,282 $ 4,632 $ 48 $ 5,962 Revenue in excess of billings related to contracts where revenue is recognized over time was $ 0.3 billion a t both March 31, 2023 and December 31, 2022. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet . Due to the nature of its business, SLB does not have significant backlog. Total backlog was $ 3.0 billion at March 31, 2023, of which approximately 60 % is expected to be recognized as revenue over the next 12 months. Billings and cash collections in excess of revenue was $ 1.2 billion at both March 31, 2023 and December 31, 2022. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet .

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share	The following is a reconciliation from basic earnings per share of SLB to diluted earnings per share of SLB: (Stated in millions, except per share amounts) 2023 2022 Net Income Average Earnings per Net Income Average Earnings per First Quarter Basic $ 934 1,426 $ 0.65 $ 510 1,412 $ 0.36 Assumed exercise of stock options - 2 - - Unvested restricted stock - 18 - 22 Diluted $ 934 1,446 $ 0.65 $ 510 1,434 $ 0.36
Schedule of Antidilutive Securities Excluded from Computation of Income Per Share	The number of outstanding options to purchase shares of SLB common stock that were not included in the computation of diluted income per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) Three Months Ended March 31, 2023 2022 Employee stock options 24 31

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Summary of Inventory	A summary of inventories, which are stated at the lower of average cost or net realizable value, is as follows: (Stated in millions) Mar. 31, Dec. 31, 2023 2022 Raw materials & field materials $ 2,219 $ 2,085 Work in progress 650 547 Finished goods 1,417 1,367 $ 4,286 $ 3,999

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Property Plant And Equipment [Abstract]
Summary of Fixed Assets	Fixed assets consist of the following: (Stated in millions) Mar. 31, Dec. 31, 2023 2022 Property, plant & equipment $ 28,568 $ 28,386 Less: Accumulated depreciation 21,877 21,779 $ 6,691 $ 6,607

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets by Major Class	: (Stated in millions) Mar. 31, 2023 Dec. 31, 2022 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,707 $ 644 $ 1,063 $ 1,680 $ 631 $ 1,049 Technology/technical know-how 1,307 699 608 1,280 676 604 Tradenames 795 239 556 767 222 545 Other 1,680 886 794 1,657 863 794 $ 5,489 $ 2,468 $ 3,021 $ 5,384 $ 2,392 $ 2,992

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Summary of Long-term Debt	Long-term Debt consist of the following: (Stated in millions) Mar. 31, Dec. 31, 2023 2022 3.90 % Senior Notes due 2028 $ 1,464 $ 1,464 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,082 1,061 2.00 % Guaranteed Notes due 2032 1,076 1,055 0.25 % Notes due 2027 974 955 0.50 % Notes due 2031 973 954 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 648 635 0.00 % Notes due 2024 542 531 4.00 % Senior Notes due 2025 523 522 1.40 % Senior Notes due 2025 499 499 3.75 % Senior Notes due 2024 355 355 7.00 % Notes due 2038 201 202 5.95 % Notes due 2041 112 112 5.13 % Notes due 2043 98 98 3.70 % Notes due 2024 54 54 $ 10,698 $ 10,594

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Derivatives Included in the Consolidated Balance Sheet	A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps was as follows: (Stated in millions) Mar. 31, 2023 Dec. 31, 2022 Other Assets $ 7 $ 1 Other Liabilities $ 283 $ 326
Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income	The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows: (Stated in millions) Gain (Loss) Recognized in Income First Quarter First Quarter 2023 2022 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ 95 $ ( 131 ) Cost of services/sales Cross-currency interest rate swaps ( 22 ) ( 21 ) Interest expense Commodity contracts 2 ( 15 ) Revenue Foreign exchange contracts 3 ( 2 ) Cost of services/sales $ 78 $ ( 169 ) Derivatives not designated as hedges: Foreign exchange contracts $ 1 $ ( 11 ) Cost of services/sales

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	(Stated in millions) First Quarter 2023 First Quarter 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 894 $ 265 $ 857 $ 292 Reservoir Performance 1,503 242 1,210 160 Well Construction 3,261 672 2,398 388 Production Systems 2,207 205 1,604 114 Eliminations & other ( 129 ) 7 ( 107 ) ( 60 ) Pretax segment operating income 1,391 894 Corporate & other (1) ( 169 ) ( 164 ) Interest income (2) 17 2 Interest expense (3) ( 114 ) ( 120 ) Charges and credits (4) 36 26 $ 7,736 $ 1,161 $ 5,962 $ 638 (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 that are included in the segments’ income ($- million in 2023; $ 12 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). (4) See Note 2 – Charges and Credits .
Revenue by Geographic Area	Revenue by geographic area was as follows: (Stated in millions) First Quarter 2023 2022 North America $ 1,698 $ 1,282 Latin America 1,618 1,204 Europe & Africa (1) 1,974 1,404 Middle East & Asia 2,393 2,024 Other 53 48 $ 7,736 $ 5,962 (1) Includes Russia and the Caspian region.
Summary of North America and International Revenue Disaggregated by Segment	North America and International revenue disaggregated by segment was as follows: (Stated in millions) First Quarter 2023 North America International Other Total Digital & Integration $ 251 $ 642 $ 1 $ 894 Reservoir Performance 120 1,380 3 1,503 Well Construction 711 2,493 57 3,261 Production Systems 626 1,574 7 2,207 Eliminations & other ( 10 ) ( 104 ) ( 15 ) ( 129 ) $ 1,698 $ 5,985 $ 53 $ 7,736 First Quarter 2022 North America International Other Total Digital & Integration $ 225 $ 631 $ 1 $ 857 Reservoir Performance 103 1,105 2 1,210 Well Construction 485 1,865 48 2,398 Production Systems 473 1,127 4 1,604 Eliminations & other ( 4 ) ( 96 ) ( 7 ) ( 107 ) $ 1,282 $ 4,632 $ 48 $ 5,962

Charges and Credits - Additiona

Charges and Credits - Additional Information (Detail) - Liberty Energy Inc - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2023	Mar. 31, 2022
Charges And Credits [Line Items]
Shares issued	9	7.2
Received proceeds from sale of shares	$ 137	$ 84
Gains on sales of businesses	$ 36	$ 26

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Income Attributable to Schlumberger
Basic	$ 934	$ 510
Diluted	$ 934	$ 510
Average Shares Outstanding
Basic	1,426	1,412
Assumed exercise of stock options	2
Unvested restricted stock	18	22
Diluted	1,446	1,434
Earnings per Share
Basic	$ 0.65	$ 0.36
Diluted	$ 0.65	$ 0.36

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Income Per Share (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Employee Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	24	31

Inventories - Summary of Invent

Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials & field materials	$ 2,219	$ 2,085
Work in progress	650	547
Finished goods	1,417	1,367
Inventories	$ 4,286	$ 3,999

Fixed Assets - Summary of Fixed

Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Property, plant & equipment			$ 28,568	$ 28,386
Less: Accumulated depreciation			21,877	21,779
Fixed assets less accumulated depreciation	$ 6,691	$ 6,607	$ 6,691	$ 6,607

Fixed Assets - Depreciation Exp

Fixed Assets - Depreciation Expense Relating to Fixed Assets (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property Plant And Equipment [Abstract]
Depreciation expense relating to fixed assets	$ 347	$ 338

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross Book Value	$ 5,489	$ 5,384
Accumulated Amortization	2,468	2,392
Net Book Value	3,021	2,992
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,707	1,680
Accumulated Amortization	644	631
Net Book Value	1,063	1,049
Technology/Technical Know-How
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,307	1,280
Accumulated Amortization	699	676
Net Book Value	608	604
Tradenames
Finite Lived Intangible Assets [Line Items]
Gross Book Value	795	767
Accumulated Amortization	239	222
Net Book Value	556	545
Other
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,680	1,657
Accumulated Amortization	886	863
Net Book Value	$ 794	$ 794

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense charged to income	$ 76	$ 75
Estimated amortization expense, remaining three quarters of 2023	223
Estimated amortization expense, 2024	290
Estimated amortization expense, 2025	275
Estimated amortization expense, 2026	270
Estimated amortization expense, 2027	263
Estimated amortization expense, 2028	$ 263

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 10,698	$ 10,594
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,464	1,464
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	1,082	1,061
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,076	1,055
0.25% Notes due 2027
Debt Instrument [Line Items]
Long-term debt, carrying amount	974	955
0.50% Notes due 2031
Debt Instrument [Line Items]
Long-term debt, carrying amount	973	954
4.30% Senior Notes due 2029
Debt Instrument [Line Items]
Long-term debt, carrying amount	847	847
1.00% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Long-term debt, carrying amount	648	635
0.00% Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount	542	531
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	523	522
1.40% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	499	499
3.75% Senior Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount	355	355
7.00% Notes due 2038
Debt Instrument [Line Items]
Long-term debt, carrying amount	201	202
5.95% Notes due 2041
Debt Instrument [Line Items]
Long-term debt, carrying amount	112	112
5.13% Notes due 2043
Debt Instrument [Line Items]
Long-term debt, carrying amount	98	98
3.70% Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 54	$ 54

Long-term Debt - Summary of L_2

Long-term Debt - Summary of Long-term Debt (Parenthetical) (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
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
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Debt instrument interest rate	2%	2%
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
4.30% Senior Notes due 2029
Debt Instrument [Line Items]
Debt instrument interest rate	4.30%	4.30%
Debt instrument maturity date	2029	2029
1.00% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Debt instrument interest rate	1%	1%
Debt instrument maturity date	2026	2026
0.00% Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	0%	0%
Debt instrument maturity date	2024	2024
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument interest rate	4%	4%
Debt instrument maturity date	2025	2025
1.40% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument interest rate	1.40%	1.40%
Debt instrument maturity date	2025	2025
3.75% Senior Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	3.75%	3.75%
Debt instrument maturity date	2024	2024
7.00% Notes due 2038
Debt Instrument [Line Items]
Debt instrument interest rate	7%	7%
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
5.13% Notes due 2043
Debt Instrument [Line Items]
Debt instrument interest rate	5.13%	5.13%
Debt instrument maturity date	2043	2043
3.70% Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	3.70%	3.70%
Debt instrument maturity date	2024	2024

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, fair value	$ 9,800	$ 9,400
Committed credit facility agreement available and unused	5,190
Committed credit facility agreement aggregated	5,750
Commercial paper programs mature in February 2024
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	750
Commercial paper programs mature in February 2025
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	2,000
Commercial paper programs mature in July 2026
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	1,000
Commercial paper programs mature in February 2027
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	2,000
Commercial paper borrowings
Debt Instrument [Line Items]
Long-term debt, current	$ 559
Long-term debt		$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility extended period	3 years
Credit facility extended date	Jun. 30, 2024
Committed credit facility agreement aggregated	$ 750

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Detail) € in Billions	3 Months Ended	9 Months Ended
	Mar. 31, 2023 USD ($)	Dec. 31, 2023	Dec. 31, 2022 USD ($)	Dec. 31, 2020 EUR (€)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 EUR (€)
Derivative [Line Items]
Denominated debt issued					$ 500,000,000	€ 1.5
Amount recognized relating to hedging activity | $	$ 3,000,000
Derivative assets | $	$ 10,000,000
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets
Fair value of outstanding derivatives | $	$ 0		$ 0
Scenario Forecast
Derivative [Line Items]
Percentage of derivative contracts of oil price		70%
0.00% Notes due 2024
Derivative [Line Items]
Notes, face amount						€ 0.5
Derivative swap interest rate						0%
Promissory note interest rate	0%		0%
0.25% Notes due 2027
Derivative [Line Items]
Notes, face amount				€ 0.4		€ 0.5
Derivative swap interest rate				0.25%	0.25%	0.25%
Promissory note interest rate	0.25%		0.25%
0.50% Notes due 2031
Derivative [Line Items]
Notes, face amount				€ 0.4		€ 0.5
Derivative swap interest rate				0.50%	0.50%	0.50%
Promissory note interest rate	0.50%		0.50%
Euro-denominated Notes
Derivative [Line Items]
Denominated debt issued				€ 0.8
Euro-denominated Guaranteed Notes
Derivative [Line Items]
Denominated debt issued				2
1.375% Guaranteed Notes due 2026
Derivative [Line Items]
Notes, face amount				€ 1
Derivative swap interest rate				1.375%	1.375%
2.00% Guaranteed Notes due 2032
Derivative [Line Items]
Notes, face amount				€ 1
Derivative swap interest rate				2%	2%
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%
Cross currency interest rate swaps
Derivative [Line Items]
Derivative assets | $	$ 7,000,000		$ 1,000,000
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets		Other current assets
Cross currency interest rate swaps | 0.00% Notes due 2024
Derivative [Line Items]
Promissory note interest rate						2.29%
Cross currency interest rate swaps | 0.25% Notes due 2027
Derivative [Line Items]
Promissory note interest rate				1.87%	1.87%	2.51%
Cross currency interest rate swaps | 0.50% Notes due 2031
Derivative [Line Items]
Promissory note interest rate				2.20%	2.20%	2.76%
Cross currency interest rate swaps | 1.375% Guaranteed Notes due 2026
Derivative [Line Items]
Promissory note interest rate				2.77%	2.77%
Cross currency interest rate swaps | 2.00% Guaranteed Notes due 2032
Derivative [Line Items]
Promissory note interest rate				3.49%	3.49%
Cross currency interest rate swaps | 1.40% Senior Notes due 2025
Derivative [Line Items]
Promissory note interest rate				1.73%	1.73%
Foreign exchange contracts
Derivative [Line Items]
Notional amount of interest rate swap | $	$ 2,500,000,000		$ 2,100,000,000

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Summary of Derivatives Included in the Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets
Derivative assets	$ 10
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Other Liabilities, Noncurrent	Other Liabilities	Other Liabilities
Cross currency interest rate swaps
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Derivative assets	$ 7	$ 1
Derivative liability	$ 283	$ 326

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income (Detail) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivatives designated as hedges
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 78	$ (169)
Derivatives designated as hedges | Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 95	$ (131)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales
Derivatives designated as hedges | Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (22)	$ (21)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest	Interest
Derivatives designated as hedges | Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 2	$ (15)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total Revenue	Total Revenue
Derivatives designated as hedges | Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 3	$ (2)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales
Derivatives not designated as hedges | Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 1	$ (11)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenue		$ 7,736	$ 5,962
Pretax segment operating income		1,391	894
Interest expense		117	123
Income Before Taxes		1,161	638
Digital Integration
Segment Reporting Information [Line Items]
Revenue		894	857
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue		1,503	1,210
Well Construction
Segment Reporting Information [Line Items]
Revenue		3,261	2,398
Production Systems
Segment Reporting Information [Line Items]
Revenue		2,207	1,604
Operating Segments
Segment Reporting Information [Line Items]
Revenue		7,736	5,962
Interest income			12
Interest expense		3	3
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue		894	857
Pretax segment operating income		265	292
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue		1,503	1,210
Pretax segment operating income		242	160
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue		3,261	2,398
Pretax segment operating income		672	388
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue		2,207	1,604
Pretax segment operating income		205	114
Eliminations & other
Segment Reporting Information [Line Items]
Revenue		(129)	(107)
Pretax segment operating income		(7)	(60)
Corporate & other	[1]	(169)	(164)
Interest income	[2]	17	2
Interest expense	[3]	(114)	(120)
Charges and credits	[4]	$ 36	$ 26
[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. Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $ 12 million in 2022). Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). See Note 2 – Charges and Credits .

Segment Information - Schedul_2

Segment Information - Schedule of Segment Reporting Information, by Segment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Interest expense	$ 117	$ 123
Operating Segments
Segment Reporting Information [Line Items]
Interest income		12
Interest expense	$ 3	$ 3

Segment Information - Revenue b

Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 7,736	$ 5,962
Operating Segments
Segment Reporting Information [Line Items]
Revenue	7,736	5,962
Operating Segments | North America
Segment Reporting Information [Line Items]
Revenue	1,698	1,282
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Revenue	1,618	1,204
Operating Segments | Europe & Africa
Segment Reporting Information [Line Items]
Revenue	1,974	1,404
Operating Segments | Middle East & Asia
Segment Reporting Information [Line Items]
Revenue	2,393	2,024
Operating Segments | Other
Segment Reporting Information [Line Items]
Revenue	$ 53	$ 48

Segment Information - Summary o

Segment Information - Summary of North America and International Revenue Disaggregated by Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 7,736	$ 5,962
Digital Integration
Segment Reporting Information [Line Items]
Revenue	894	857
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,503	1,210
Well Construction
Segment Reporting Information [Line Items]
Revenue	3,261	2,398
Production Systems
Segment Reporting Information [Line Items]
Revenue	2,207	1,604
Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(129)	(107)
Operating Segments
Segment Reporting Information [Line Items]
Revenue	7,736	5,962
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	894	857
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,503	1,210
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	3,261	2,398
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	2,207	1,604
North America | Operating Segments
Segment Reporting Information [Line Items]
Revenue	1,698	1,282
North America | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	251	225
North America | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	120	103
North America | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	711	485
North America | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	626	473
North America | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(10)	(4)
International | Operating Segments
Segment Reporting Information [Line Items]
Revenue	5,985	4,632
International | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	642	631
International | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,380	1,105
International | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	2,493	1,865
International | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	1,574	1,127
International | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(104)	(96)
Other | Operating Segments
Segment Reporting Information [Line Items]
Revenue	53	48
Other | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	1	1
Other | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	3	2
Other | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	57	48
Other | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	7	4
Other | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	$ (15)	$ (7)

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Billions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Revenue in excess of billings	$ 0.3	$ 0.3
Total backlog	$ 3
Percentage of revenue expected to be recognized over next 12 months	60%
Billings and cash collections in excess of revenue	$ 1.2	$ 1.2